Rocket Lab USA, Inc. RKLB Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 36.6%+9.3pp | 34.4%+7.8pp | 31.7%+5.6pp | 29%+4.0pp | 27.3%+2.8pp | |
| Operating margin | -33.2%+11.0pp | -38%+5.5pp | -41.4%+9.8pp | -44.1%+8.9pp | -44.2%+17.8pp | |
| Net margin | -26.9%+17.4pp | -32.9%+10.7pp | -35.6%+16.1pp | -45.9%+8.3pp | -44.3%+19.8pp | |
| EBITDA margin | -25.8%+11.1pp | -30.7%+5.1pp | -34.4%+7.7pp | -37.2%+5.9pp | -36.9%+14.1pp | |
| Free cash flow margin | -46.5%-8.5pp | -53.5%-26.9pp | -41.8%-2.0pp | -40.5%+5.1pp | -38%+10.6pp | |
| Returns | ||||||
| Return on equity | -13.5%+31.8pp | -18.8%+21.8pp | -23.2%+14.2pp | -40.5%-7.3pp | -45.4%-13.0pp | |
| Return on assets | -9%+8.0pp | -11.3%+6.6pp | -11.7%+6.2pp | -16.9%-0.6pp | -17%-0.3pp | |
| Return on invested capital | -31.7%+49.2pp | -37%+10.1pp | -51.7%-8.0pp | -87%-44.4pp | -80.9%-38.4pp | |
| Efficiency | ||||||
| Asset turnover | 0.3×0.0× | 0.3×-0.1× | 0.3×0.0× | 0.4×+0.1× | 0.4×+0.1× | |
| Inventory turnover | 2.8×-0.2× | 2.8×0.0× | 2.9×+0.4× | 3×+0.7× | 3×+0.9× | |
| Liquidity | ||||||
| Current ratio | 4.5×+2.4× | 4.1×+2.0× | 3.2×+0.6× | 2.7×-0.1× | 2.1×-1.0× | |
| Quick ratio | 4×+2.3× | 3.6×+1.9× | 2.8×+0.7× | 2.3×-0.1× | 1.7×-1.0× | |
| Cash ratio | 3×+2.1× | 2.5×+1.7× | 2×+0.9× | 1.5×+0.2× | 0.9×-0.7× | |
| Leverage | ||||||
| Debt-to-equity | 0×-0.3× | 0.1×-0.3× | 0.1×-0.2× | 0.2×-0.1× | 0.3×+0.1× | |
| Debt-to-assets | 0×-0.1× | 0×-0.1× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Per Share | ||||||
| Book value per share | $3.74+338% | $3.24+321% | $2.42+187% | $1.34+45.1% | $0.85-12.7% | |
| Valuation | ||||||
| Market capitalization | $36.57B+351% | $37.26B+193% | $23.19B+382% | $15.44B+556% | $8.11B+303% | |
| Enterprise value | $35.46B+346% | $36.54B+190% | $22.54B+386% | $15.02B+603% | $7.94B+347% | |
| Price / sales | 53.8×+36.4× | 61.9×+32.7× | 41.8×+28.6× | 30.6×+23.4× | 17.4×+10.3× | |
| Price / book | 16.1×-2.7× | 21.6×-11.7× | 18.1×+6.6× | 22.4×+17.3× | 18.8×+14.6× | |
| EV / sales | 52.2×+35.1× | 60.7×+31.9× | 40.7×+27.9× | 29.8×+23.2× | 17×+10.8× | |
| Free cash flow yield | -0.9%+1.3pp | -0.9%0.0pp | -1%+2.0pp | -1.3%+5.0pp | -2.2%+4.6pp | |
| Earnings yield | -0.5%+2.0pp | -0.5%+1.0pp | -0.9%+3.1pp | -1.5%+6.0pp | -2.5%+6.5pp |
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.
