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Rocket Lab USA, Inc. RKLB Return on invested capital

Return on invested capital at other companies

Northrop Grumman logo
Northrop GrummanNOC
13.2%+2.3pp
Lockheed Martin logo
Lockheed MartinLMT
24.4%-1.6pp
Planet Labs logo
Planet LabsPL
-55.4%+517pp
EchoStar logo
EchoStarSATS
-42.5%-43.6pp
L3Harris Technologies logo
L3Harris TechnologiesLHX
11.7%+1.4pp
Parker-Hannifin logo
Parker-HannifinPH
17.3%+1.2pp

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 return on invested capital?
Rocket Lab USA, Inc. (RKLB) reported return on invested capital of -31.7% in Q1 2026.
How has Rocket Lab USA, Inc.'s return on invested capital changed year-over-year?
Rocket Lab USA, Inc.'s return on invested capital increased by 60.8% year-over-year, from -80.9% to -31.7%.
What is the long-term trend for Rocket Lab USA, Inc.'s return on invested capital?
Over 2 years (2023 to 2025), Rocket Lab USA, Inc.'s return on invested capital has grown at a 39.5% compound annual growth rate (CAGR), from -131.9% to -256.6%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.