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RKLB vs ASTS
Revenue, margins, valuation, and 5-year total return — side by side.
Communication Equipment
RKLB vs ASTS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Aerospace & Defense | Communication Equipment |
| Market Cap | $48.74B | $20.68B |
| Revenue (TTM) | $602M | $71M |
| Net Income (TTM) | $-198M | $-342M |
| Gross Margin | 34.4% | 53.4% |
| Operating Margin | -38.0% | -405.7% |
| Total Debt | $254M | $32M |
| Cash & Equiv. | $829M | $2.34B |
RKLB vs ASTS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Nov 20 | May 26 | Return |
|---|---|---|---|
| Rocket Lab USA, Inc. (RKLB) | 100 | 850.8 | +750.8% |
| AST SpaceMobile, In… (ASTS) | 100 | 698.1 | +598.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: RKLB vs ASTS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
RKLB carries the broadest edge in this set and is the clearest fit for long-term compounding.
- 7.7% 10Y total return vs ASTS's 6.2%
- -32.9% margin vs ASTS's -482.2%
- +278.4% vs ASTS's +181.8%
ASTS is the clearest fit if your priority is income & stability and growth exposure.
- beta 2.82
- Rev growth 15.1%, EPS growth 30.9%, 3Y rev CAGR 72.5%
- Lower volatility, beta 2.82, Low D/E 1.1%, current ratio 16.35x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 15.1% revenue growth vs RKLB's 38.0% | |
| Quality / Margins | -32.9% margin vs ASTS's -482.2% | |
| Stability / Safety | Beta 2.82 vs RKLB's 2.91, lower leverage | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +278.4% vs ASTS's +181.8% | |
| Efficiency (ROA) | -10.8% ROA vs ASTS's -12.6%, ROIC -19.9% vs -47.1% |
RKLB vs ASTS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
RKLB vs ASTS — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
RKLB leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
RKLB is the larger business by revenue, generating $602M annually — 8.5x ASTS's $71M. Profitability is closely matched — net margins range from -32.9% (RKLB) to -4.8% (ASTS). On growth, ASTS holds the edge at +27.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $602M | $71M |
| EBITDAEarnings before interest/tax | -$185M | -$237M |
| Net IncomeAfter-tax profit | -$198M | -$342M |
| Free Cash FlowCash after capex | -$322M | -$1.1B |
| Gross MarginGross profit ÷ Revenue | +34.4% | +53.4% |
| Operating MarginEBIT ÷ Revenue | -38.0% | -4.1% |
| Net MarginNet income ÷ Revenue | -32.9% | -4.8% |
| FCF MarginFCF ÷ Revenue | -53.5% | -16.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +35.7% | +27.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +7.6% | -55.6% |
Valuation Metrics
RKLB leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $48.7B | $20.7B |
| Enterprise ValueMkt cap + debt − cash | $48.2B | $18.4B |
| Trailing P/EPrice ÷ TTM EPS | -228.78x | -52.75x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | — |
| Price / SalesMarket cap ÷ Revenue | 80.99x | 291.65x |
| Price / BookPrice ÷ Book value/share | 26.09x | 6.15x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
Evenly matched — RKLB and ASTS each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
RKLB delivers a -19.2% return on equity — every $100 of shareholder capital generates $-19 in annual profit, vs $-21 for ASTS. ASTS carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to RKLB's 0.15x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -19.2% | -21.1% |
| ROA (TTM)Return on assets | -10.8% | -12.6% |
| ROICReturn on invested capital | -19.9% | -47.1% |
| ROCEReturn on capital employed | -16.1% | -10.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 0.15x | 0.01x |
| Net DebtTotal debt minus cash | -$575M | -$2.3B |
| Cash & Equiv.Liquid assets | $829M | $2.3B |
| Total DebtShort + long-term debt | $254M | $32M |
| Interest CoverageEBIT ÷ Interest expense | -20.38x | -21.20x |
Total Returns (Dividends Reinvested)
RKLB leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ASTS five years ago would be worth $90,848 today (with dividends reinvested), compared to $83,481 for RKLB. Over the past 12 months, RKLB leads with a +278.4% total return vs ASTS's +181.8%. The 3-year compound annual growth rate (CAGR) favors RKLB at 180.1% vs ASTS's 141.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +11.4% | -15.3% |
| 1-Year ReturnPast 12 months | +278.4% | +181.8% |
| 3-Year ReturnCumulative with dividends | +2098.7% | +1299.6% |
| 5-Year ReturnCumulative with dividends | +734.8% | +808.5% |
| 10-Year ReturnCumulative with dividends | +768.7% | +623.4% |
| CAGR (3Y)Annualised 3-year return | +180.1% | +141.0% |
Risk & Volatility
Evenly matched — RKLB and ASTS each lead in 1 of 2 comparable metrics.
Risk & Volatility
ASTS is the less volatile stock with a 2.82 beta — it tends to amplify market swings less than RKLB's 2.91 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. RKLB currently trades 85.0% from its 52-week high vs ASTS's 54.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.91x | 2.82x |
| 52-Week HighHighest price in past year | $99.58 | $129.89 |
| 52-Week LowLowest price in past year | $20.23 | $22.47 |
| % of 52W HighCurrent price vs 52-week peak | +85.0% | +54.4% |
| RSI (14)Momentum oscillator 0–100 | 51.8 | 34.1 |
| Avg Volume (50D)Average daily shares traded | 21.7M | 14.7M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates RKLB as "Buy" and ASTS as "Buy". Consensus price targets imply 46.6% upside for ASTS (target: $104) vs 9.1% for RKLB (target: $92).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $92.33 | $103.65 |
| # AnalystsCovering analysts | 18 | 7 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
RKLB leads in 3 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 2 categories are tied.
RKLB vs ASTS: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is RKLB or ASTS a better buy right now?
For growth investors, AST SpaceMobile, Inc.
(ASTS) is the stronger pick with 1505% revenue growth year-over-year, versus 38. 0% for Rocket Lab USA, Inc. (RKLB). Analysts rate Rocket Lab USA, Inc. (RKLB) a "Buy" — based on 18 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — RKLB or ASTS?
Over the past 5 years, AST SpaceMobile, Inc.
(ASTS) delivered a total return of +808. 5%, compared to +734. 8% for Rocket Lab USA, Inc. (RKLB). Over 10 years, the gap is even starker: RKLB returned +768. 7% versus ASTS's +623. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — RKLB or ASTS?
By beta (market sensitivity over 5 years), AST SpaceMobile, Inc.
(ASTS) is the lower-risk stock at 2. 82β versus Rocket Lab USA, Inc. 's 2. 91β — meaning RKLB is approximately 3% more volatile than ASTS relative to the S&P 500. On balance sheet safety, AST SpaceMobile, Inc. (ASTS) carries a lower debt/equity ratio of 1% versus 15% for Rocket Lab USA, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — RKLB or ASTS?
By revenue growth (latest reported year), AST SpaceMobile, Inc.
(ASTS) is pulling ahead at 1505% versus 38. 0% for Rocket Lab USA, Inc. (RKLB). On earnings-per-share growth, the picture is similar: AST SpaceMobile, Inc. grew EPS 30. 9% year-over-year, compared to 2. 6% for Rocket Lab USA, Inc.. Over a 3-year CAGR, ASTS leads at 72. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — RKLB or ASTS?
Rocket Lab USA, Inc.
(RKLB) is the more profitable company, earning -32. 9% net margin versus -482. 2% for AST SpaceMobile, Inc. — meaning it keeps -32. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: RKLB leads at -38. 0% versus -405. 7% for ASTS. At the gross margin level — before operating expenses — ASTS leads at 53. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — RKLB or ASTS?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is RKLB or ASTS better for a retirement portfolio?
For long-horizon retirement investors, Rocket Lab USA, Inc.
(RKLB) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+768. 7% 10Y return). AST SpaceMobile, Inc. (ASTS) carries a higher beta of 2. 82 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (RKLB: +768. 7%, ASTS: +623. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between RKLB and ASTS?
These companies operate in different sectors (RKLB (Industrials) and ASTS (Technology)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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