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Rocket Lab USA, Inc. RKLB Operating margin

Operating margin at other companies

Northrop Grumman logo
Northrop GrummanNOC
11.6%+2.0pp
Lockheed Martin logo
Lockheed MartinLMT
9.9%-0.4pp
Planet Labs logo
Planet LabsPL
-31.9%-6.1pp
EchoStar logo
EchoStarSATS
-116.5%-119pp
L3Harris Technologies logo
L3Harris TechnologiesLHX
10.2%+1.0pp
MKS Instruments logo
MKS InstrumentsMKSI
13.9%+0.1pp

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
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 operating margin?
Rocket Lab USA, Inc. (RKLB) reported operating margin of -33.2% in Q1 2026.
How has Rocket Lab USA, Inc.'s operating margin changed year-over-year?
Rocket Lab USA, Inc.'s operating margin increased by 24.9% year-over-year, from -44.2% to -33.2%.
What is the long-term trend for Rocket Lab USA, Inc.'s operating margin?
Over 3 years (2022 to 2025), Rocket Lab USA, Inc.'s operating margin has grown at a -24.2% compound annual growth rate (CAGR), from -384.8% to -167.6%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.