Rocket Lab USA, Inc. RKLB Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 36.6%+2.1pp | 34.4%+2.7pp | 31.7%+2.7pp | 29%+1.7pp | 27.3%+0.7pp | |
| Operating margin | -33.2%+4.8pp | -38%+3.3pp | -41.4%+2.7pp | -44.1%+0.1pp | -44.2%-0.7pp | |
| Net margin | -26.9%+6.1pp | -32.9%+2.7pp | -35.6%+10.2pp | -45.9%-1.6pp | -44.3%-0.7pp | |
| EBITDA margin | -25.8%+4.9pp | -30.7%+3.7pp | -34.4%+2.8pp | -37.2%-0.3pp | -36.9%-1.1pp | |
| Free cash flow margin | -46.5%+6.9pp | -53.5%-11.7pp | -41.8%-1.3pp | -40.5%-2.5pp | -38%-11.4pp | |
| Returns | ||||||
| Return on equity | -13.5%+5.3pp | -18.8%+4.4pp | -23.2%+17.2pp | -40.5%+4.9pp | -45.4%-4.8pp | |
| Return on assets | -9%+2.3pp | -11.3%+0.4pp | -11.7%+5.2pp | -16.9%+0.1pp | -17%+0.9pp | |
| Return on invested capital | -31.7%+5.2pp | -37%+14.8pp | -51.7%+35.2pp | -87%-6.0pp | -80.9%-33.9pp | |
| Efficiency | ||||||
| Asset turnover | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.4×0.0× | 0.4×0.0× | |
| Inventory turnover | 2.8×-0.1× | 2.8×-0.1× | 2.9×-0.1× | 3×0.0× | 3×+0.2× | |
| Liquidity | ||||||
| Current ratio | 4.5×+0.4× | 4.1×+0.9× | 3.2×+0.5× | 2.7×+0.6× | 2.1×0.0× | |
| Quick ratio | 4×+0.4× | 3.6×+0.8× | 2.8×+0.5× | 2.3×+0.6× | 1.7×0.0× | |
| Cash ratio | 3×+0.5× | 2.5×+0.5× | 2×+0.4× | 1.5×+0.6× | 0.9×+0.1× | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0.1×-0.1× | 0.1×-0.1× | 0.2×-0.1× | 0.3×0.0× | |
| Debt-to-assets | 0×0.0× | 0×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Per Share | ||||||
| Book value per share | $3.74+15.3% | $3.24+33.9% | $2.42+81.3% | $1.34+56.7% | $0.85+10.6% | |
| Valuation | ||||||
| Market capitalization | $36.57B-1.9% | $37.26B+60.7% | $23.19B+50.2% | $15.44B+90.4% | $8.11B-36.3% | |
| Enterprise value | $35.46B-3.0% | $36.54B+62.1% | $22.54B+50.1% | $15.02B+89.1% | $7.94B-36.9% | |
| Price / sales | 53.8×-8.1× | 61.9×+20.1× | 41.8×+11.2× | 30.6×+13.2× | 17.4×-11.8× | |
| Price / book | 16.1×-5.5× | 21.6×+3.5× | 18.1×-4.3× | 22.4×+3.6× | 18.8×-14.5× | |
| EV / sales | 52.2×-8.5× | 60.7×+20.1× | 40.7×+10.9× | 29.8×+12.7× | 17×-11.8× | |
| Free cash flow yield | -0.9%0.0pp | -0.9%+0.1pp | -1%+0.3pp | -1.3%+0.9pp | -2.2%-1.3pp | |
| Earnings yield | -0.5%0.0pp | -0.5%+0.3pp | -0.9%+0.6pp | -1.5%+1.0pp | -2.5%-1.1pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Rocket Lab USA, Inc.'s profit margins?
- Rocket Lab USA, Inc. (RKLB) runs a 36.6% gross margin and a -33.2% operating margin, with a -26.9% net margin.
- Where do Rocket Lab USA, Inc.'s ratios come from?
- Every ratio is computed from Rocket Lab USA, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
