Aerospace & Defense
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RKLB vs BA
Revenue, margins, valuation, and 5-year total return — side by side.
Aerospace & Defense
RKLB vs BA — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Aerospace & Defense | Aerospace & Defense |
| Market Cap | $45.24B | $182.12B |
| Revenue (TTM) | $680M | $92.18B |
| Net Income (TTM) | $-183M | $2.27B |
| Gross Margin | 36.6% | 4.8% |
| Operating Margin | -33.2% | -5.9% |
| Forward P/E | — | 4979.1x |
| Total Debt | $254M | $54.43B |
| Cash & Equiv. | $829M | $10.92B |
RKLB vs BA — 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 | 789.7 | +689.7% |
| The Boeing Company (BA) | 100 | 109.6 | +9.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: RKLB vs BA
Each card shows where this stock fits in a portfolio — not just who wins on paper.
RKLB is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 38.0%, EPS growth 2.6%, 3Y rev CAGR 41.8%
- 7.1% 10Y total return vs BA's 94.6%
- Lower volatility, beta 2.91, Low D/E 14.7%, current ratio 4.08x
BA carries the broadest edge in this set and is the clearest fit for income & stability and defensive.
- Dividend streak 0 yrs, beta 0.97, yield 0.2%
- Beta 0.97, yield 0.2%, current ratio 1.19x
- 2.5% margin vs RKLB's -26.9%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 38.0% revenue growth vs BA's 34.5% | |
| Quality / Margins | 2.5% margin vs RKLB's -26.9% | |
| Stability / Safety | Beta 0.97 vs RKLB's 2.91 | |
| Dividends | 0.2% yield; the other pay no meaningful dividend | |
| Momentum (1Y) | +252.5% vs BA's +24.5% | |
| Efficiency (ROA) | 1.4% ROA vs RKLB's -8.2%, ROIC -9.5% vs -19.9% |
RKLB vs BA — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
RKLB vs BA — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — RKLB and BA each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BA is the larger business by revenue, generating $92.2B annually — 135.6x RKLB's $680M. BA is the more profitable business, keeping 2.5% of every revenue dollar as net income compared to RKLB's -26.9%. On growth, RKLB holds the edge at +63.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $680M | $92.2B |
| EBITDAEarnings before interest/tax | -$191M | -$3.4B |
| Net IncomeAfter-tax profit | -$183M | $2.3B |
| Free Cash FlowCash after capex | -$316M | -$1.0B |
| Gross MarginGross profit ÷ Revenue | +36.6% | +4.8% |
| Operating MarginEBIT ÷ Revenue | -33.2% | -5.9% |
| Net MarginNet income ÷ Revenue | -26.9% | +2.5% |
| FCF MarginFCF ÷ Revenue | -46.5% | -1.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +63.5% | +14.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +41.7% | +31.3% |
Valuation Metrics
RKLB leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $45.2B | $182.1B |
| Enterprise ValueMkt cap + debt − cash | $44.7B | $225.6B |
| Trailing P/EPrice ÷ TTM EPS | -212.38x | 93.16x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 4979.09x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | — |
| Price / SalesMarket cap ÷ Revenue | 75.18x | 2.04x |
| Price / BookPrice ÷ Book value/share | 24.22x | 32.27x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
BA leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
BA delivers a 2.9% return on equity — every $100 of shareholder capital generates $3 in annual profit, vs $-12 for RKLB. RKLB carries lower financial leverage with a 0.15x debt-to-equity ratio, signaling a more conservative balance sheet compared to BA's 9.97x. On the Piotroski fundamental quality scale (0–9), BA scores 6/9 vs RKLB's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -12.3% | +2.9% |
| ROA (TTM)Return on assets | -8.2% | +1.4% |
| ROICReturn on invested capital | -19.9% | -9.5% |
| ROCEReturn on capital employed | -16.1% | -9.1% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.15x | 9.97x |
| Net DebtTotal debt minus cash | -$575M | $43.5B |
| Cash & Equiv.Liquid assets | $829M | $10.9B |
| Total DebtShort + long-term debt | $254M | $54.4B |
| Interest CoverageEBIT ÷ Interest expense | -23.34x | 1.89x |
Total Returns (Dividends Reinvested)
RKLB leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in RKLB five years ago would be worth $78,659 today (with dividends reinvested), compared to $9,811 for BA. Over the past 12 months, RKLB leads with a +252.5% total return vs BA's +24.5%. The 3-year compound annual growth rate (CAGR) favors RKLB at 173.3% vs BA's 5.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +3.4% | +1.4% |
| 1-Year ReturnPast 12 months | +252.5% | +24.5% |
| 3-Year ReturnCumulative with dividends | +1941.0% | +17.1% |
| 5-Year ReturnCumulative with dividends | +686.6% | -1.9% |
| 10-Year ReturnCumulative with dividends | +706.4% | +94.6% |
| CAGR (3Y)Annualised 3-year return | +173.3% | +5.4% |
Risk & Volatility
BA leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
BA is the less volatile stock with a 0.97 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. BA currently trades 90.8% from its 52-week high vs RKLB's 78.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.91x | 0.97x |
| 52-Week HighHighest price in past year | $99.58 | $254.35 |
| 52-Week LowLowest price in past year | $20.23 | $176.77 |
| % of 52W HighCurrent price vs 52-week peak | +78.9% | +90.8% |
| RSI (14)Momentum oscillator 0–100 | 57.7 | 56.9 |
| Avg Volume (50D)Average daily shares traded | 21.9M | 6.5M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates RKLB as "Buy" and BA as "Buy". Consensus price targets imply 17.5% upside for RKLB (target: $92) vs 14.1% for BA (target: $264). BA is the only dividend payer here at 0.19% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $92.33 | $263.67 |
| # AnalystsCovering analysts | 18 | 54 |
| Dividend YieldAnnual dividend ÷ price | — | +0.2% |
| Dividend StreakConsecutive years of raises | — | 0 |
| Dividend / ShareAnnual DPS | — | $0.43 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
RKLB leads in 2 of 6 categories (Valuation Metrics, Total Returns). BA leads in 2 (Profitability & Efficiency, Risk & Volatility). 1 tied.
RKLB vs BA: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is RKLB or BA a better buy right now?
For growth investors, Rocket Lab USA, Inc.
(RKLB) is the stronger pick with 38. 0% revenue growth year-over-year, versus 34. 5% for The Boeing Company (BA). The Boeing Company (BA) offers the better valuation at 93. 2x trailing P/E (4979. 1x forward), making it the more compelling value choice. 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 BA?
Over the past 5 years, Rocket Lab USA, Inc.
(RKLB) delivered a total return of +686. 6%, compared to -1. 9% for The Boeing Company (BA). Over 10 years, the gap is even starker: RKLB returned +706. 4% versus BA's +94. 6%. 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 BA?
By beta (market sensitivity over 5 years), The Boeing Company (BA) is the lower-risk stock at 0.
97β versus Rocket Lab USA, Inc. 's 2. 91β — meaning RKLB is approximately 201% more volatile than BA relative to the S&P 500. On balance sheet safety, Rocket Lab USA, Inc. (RKLB) carries a lower debt/equity ratio of 15% versus 10% for The Boeing Company — giving it more financial flexibility in a downturn.
04Which is growing faster — RKLB or BA?
By revenue growth (latest reported year), Rocket Lab USA, Inc.
(RKLB) is pulling ahead at 38. 0% versus 34. 5% for The Boeing Company (BA). On earnings-per-share growth, the picture is similar: The Boeing Company grew EPS 113. 5% year-over-year, compared to 2. 6% for Rocket Lab USA, Inc.. Over a 3-year CAGR, RKLB leads at 41. 8% 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 BA?
The Boeing Company (BA) is the more profitable company, earning 2.
5% net margin versus -32. 9% for Rocket Lab USA, Inc. — meaning it keeps 2. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BA leads at -6. 1% versus -38. 0% for RKLB. At the gross margin level — before operating expenses — RKLB leads at 34. 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.
06Is RKLB or BA more undervalued right now?
Analyst consensus price targets imply the most upside for RKLB: 17.
5% to $92. 33.
07Which pays a better dividend — RKLB or BA?
In this comparison, BA (0.
2% yield) pays a dividend. RKLB does not pay a meaningful dividend and should not be held primarily for income.
08Is RKLB or BA better for a retirement portfolio?
For long-horizon retirement investors, The Boeing Company (BA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
97)). Rocket Lab USA, Inc. (RKLB) carries a higher beta of 2. 91 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (BA: +94. 6%, RKLB: +706. 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.
09What are the main differences between RKLB and BA?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
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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