Last 22 quarters of trend data · Industrials · Aerospace & Defense
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -212.38 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 75.18 | 48.52 | 55.58 | 40.84 | 31.88 | 18.44 | 24.13 | 11.55 | 5.58 | 5.43 | 11.22 | 7.83 | 11.60 |
| — | +163.1% | +130.3% | +253.5% | +471.1% | +239.8% | +115.0% | +47.5% | -51.9% | -38.1% | +30.1% | +3.3% | +46.1% | |
| P/B Ratio | 24.22 | 17.17 | 23.20 | 19.77 | 26.76 | 20.96 | 33.41 | 11.53 | 5.21 | 4.20 | 4.86 | 3.62 | 4.71 |
| — | -18.1% | -30.6% | +71.4% | +413.5% | +398.5% | +588.1% | +218.7% | +10.6% | +39.9% | +83.1% | +30.8% | +90.8% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Rocket Lab USA, Inc.'s operating margin was -27.9% in Q1 2026, up 0.5 pp QoQ and up 20.4 pp YoY. This marks the 5th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of -33.9% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 32.8% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.4% | 38.2% | 38.0% | 37.0% | 32.1% | 28.8% | 27.8% | 26.7% | 25.6% | 26.1% | 25.5% | 22.1% | 23.5% |
| — | +32.8% | +36.6% | +38.4% | +25.6% | +10.4% | +9.1% | +20.8% | +8.7% | +125.0% | +620.8% | +64.7% | +163.2% | |
| Operating Margin | -38.0% | -27.9% | -28.4% | -38.0% | -41.3% | -48.3% | -38.9% | -49.5% | -40.7% | -46.4% | -79.8% | -57.4% | -72.8% |
| — | +42.1% | +27.0% | +23.2% | -1.3% | -4.0% | +51.2% | +13.8% | +44.0% | +44.6% | -11.0% | -13.2% | -21.8% | |
| Net Margin | -32.9% | -22.5% | -29.5% | -11.8% | -46.0% | -49.5% | -39.5% | -49.6% | -39.2% | -47.7% | -84.2% | -60.0% | -74.0% |
| — | +54.6% | +25.5% | +76.2% | -17.3% | -3.7% | +53.0% | +17.3% | +47.0% | +42.6% | -17.1% | -9.2% | -9.7% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -18.8% | -2.3% | -3.5% | -1.9% | -11.9% | -14.9% | -13.0% | -11.9% | -8.9% | -8.6% | -8.9% | -6.8% | -7.3% |
| — | +84.8% | +73.0% | +84.4% | -33.1% | -73.9% | -47.3% | -75.1% | -21.5% | -23.3% | -62.3% | -37.5% | -41.8% | |
| ROA | -11.3% | -1.8% | -2.3% | -1.0% | -4.7% | -5.0% | -4.5% | -4.4% | -3.5% | -4.2% | -5.3% | -4.2% | -4.7% |
| — | +64.8% | +48.0% | +78.2% | -34.7% | -19.2% | +16.1% | -5.6% | +24.5% | +9.5% | -42.8% | -21.7% | -28.2% | |
| ROIC | -19.9% | -3.6% | -3.6% | -5.5% | -7.2% | -7.4% | -6.6% | -6.6% | -5.5% | -5.6% | -6.1% | -4.9% | -5.8% |
| — | +51.7% | +45.4% | +16.4% | -30.9% | -32.9% | -7.5% | -33.3% | +5.5% | +5.6% | -19.3% | +15.3% | +30.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has improved 114.9% YoY to 4.47x, strengthening the short-term liquidity position. Debt/Equity has declined for 6 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.15 | 0.06 | 0.15 | 0.40 | 0.72 | 1.14 | 1.22 | 1.12 | 1.04 | 1.00 | 0.32 | 0.28 | 0.27 |
| — | -94.7% | -88.0% | -64.0% | -30.5% | +14.0% | +284.4% | +305.0% | +290.3% | +316.4% | +40.4% | +27.9% | +28.9% | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 4.08 | 4.47 | 4.08 | 3.18 | 2.67 | 2.08 | 2.04 | 2.58 | 2.82 | 3.12 | 2.13 | 1.67 | 1.83 |
| — | +114.9% | +100.1% | +22.9% | -5.3% | -33.3% | -4.4% | +55.0% | +54.1% | -3.1% | -47.5% | -61.6% | -62.6% | |
| Quick Ratio | 3.61 | 4.02 | 3.61 | 2.83 | 2.33 | 1.72 | 1.69 | 2.16 | 2.43 | 2.69 | 1.65 | 1.33 | 1.50 |
| — | +133.5% | +113.6% | +30.9% | -4.2% | -36.0% | +2.3% | +62.4% | +62.3% | -1.1% | -52.8% | -65.0% | -65.2% | |
| Interest Coverage | -7.53 | -43.93 | -7.30 | -99.59 | -25.77 | -22.75 | -28.06 | -111.32 | -50.57 | -48.28 | -34.08 | -26.75 | -59.57 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 22 years · Updated daily
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare business quality, growth, and profitability against top sector peers.
Start ComparisonQuick answers to the most common questions about buying RKLB stock.
Rocket Lab USA, Inc.'s current P/E is -212.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Rocket Lab USA, Inc.'s current operating margin is -38.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Rocket Lab USA, Inc.'s business trajectory between earnings reports.