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Rocket Lab USA, Inc. RKLB Free cash flow margin

Free cash flow margin at other companies

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7.7%+0.8pp
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14.2%+9.4pp
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-6.1%-10.2pp
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6.7%+0.6pp
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Parker-HannifinPH
17.5%+1.7pp

Other financials

Income statement

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Revenue$200.3M+63.5%
Gross profit$76.5M+117%
Operating income-$56.0M+5.4%
Net income-$45.0M+25.7%
EPS (diluted)-$0.07+41.7%

Balance sheet

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Cash & equivalents$1.2B+293%
Total debt$101.8M-29.2%
Total equity$2.3B+425%
Total assets$2.8B+125%

Cash flow

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Operating cash flow-$50.3M+7.2%
CapEx$27.1M-5.6%
Free cash flow-$77.4M+6.6%

Valuation

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Market cap$67.47B+351%
Enterprise value$66.36B+346%
P/S99.3×+67.2×

Profitability

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Gross margin36.6%+9.3pp
Operating margin-33.2%-6.6pp
Net margin-26.9%-7.6pp

Returns & leverage

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Return on equity-13.5%-5.6pp
Debt / equity-0.3×
Current ratio4.5×+2.4×

Where this comes from

Calculated from Rocket Lab USA, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Rocket Lab USA, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Rocket Lab USA, Inc.'s free cash flow margin?
Rocket Lab USA, Inc. (RKLB) reported free cash flow margin of -46.5% in Q1 2026.
How has Rocket Lab USA, Inc.'s free cash flow margin changed year-over-year?
Rocket Lab USA, Inc.'s free cash flow margin decreased by 22.5% year-over-year, from -38% to -46.5%.
What is the long-term trend for Rocket Lab USA, Inc.'s free cash flow margin?
Over 3 years (2022 to 2025), Rocket Lab USA, Inc.'s free cash flow margin has grown at a -23.6% compound annual growth rate (CAGR), from -389.7% to -173.7%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.