FTAI Aviation Ltd. (FTAI) vs Rocket Lab Corporation (RKLB)

FTAI Aviation Ltd. and Rocket Lab Corporation are both Aerospace & Defense companies. Rocket Lab Corporation is the larger, with a market value of $32.6B against $20.6B — 1.6× the size. Rocket Lab Corporation has negative trailing earnings, so its P/E is not meaningful; FTAI Aviation Ltd. trades at 40.1×. Rocket Lab Corporation grew revenue faster over the last twelve months: 52.5% against 46.0%. FTAI Aviation Ltd. has the higher net margin (15.0% vs −21.5%) and the higher return on invested capital (0.00% vs −11.5%). Across the 18 metrics below, FTAI Aviation Ltd. leads on 13 and Rocket Lab Corporation on 5.

Valuation

Metric FTAI RKLB Aerospace & Defense median
P/E 40.11 n/m 31.60
P/S 6.01 44.18 3.36
P/B 47.52 9.73 2.99
Price to free cash flow 38.83 n/m 33.23
EV/EBITDA 23.60 n/m 19.00
EV/Sales 6.91 41.24 3.37
Earnings yield 2.49% (0.50%) 0.90%
Free cash flow yield 2.58% (1.09%) 0.00%

Profitability

Metric FTAI RKLB Aerospace & Defense median
Gross margin 37.12% 37.26% 25.95%
Operating margin 0.00% (29.06%) 1.21%
Net margin 14.98% (21.51%) 2.11%
Free cash flow margin (14.96%) (48.13%) 0.00%
Return on equity 149.53% (7.92%) 2.67%
Return on assets 11.33% (5.76%) 1.90%
Return on invested capital 0.00% (11.46%) 0.25%

Growth

Metric FTAI RKLB Aerospace & Defense median
Revenue growth (TTM) 46.04% 52.53% 18.25%
EPS growth (last fiscal year) 1,537.50% 2.63% 24.80%
Revenue growth, 5-year CAGR 53.12% 76.47% 9.73%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FTAI RKLB Aerospace & Defense median
Debt to equity 0.00 0.01 0.18
Current ratio 3.82 5.48 2.85
Net debt to EBITDA 3.08 4.66 1.29

Dividend

Metric FTAI RKLB Aerospace & Defense median
Dividend yield 0.85% — 0.87%
Payout ratio 0.34 — 0.30

Size

Metric FTAI RKLB Aerospace & Defense median
Market cap 20.57b 32.57b 1.94b

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