Fundamental analysis · SEC EDGAR · TTM through 31/03/2026
RKLB · Nasdaq · Guided Missiles & Space Vehicles & Parts
Fundamental quality
50
out of 100
Rocket Lab Corp is in full growth mode but not yet profitable: revenue is growing strongly (75.9% a year), but it doesn't translate into earnings yet. On fundamental quality it scores 50 out of 100, profiling it as a company with demanding fundamentals. Its weakest area is its financial strength (net debt 6.86× EBITDA). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Rocket Lab is the second U.S. space-launch company after SpaceX: its Electron rocket puts small satellites in orbit, and it builds components and full satellites for others. Its big bet is Neutron, a larger, reusable rocket.
Revenue growth: 75.9%
Net margin: -26.9% · ROE: -8.1%
Net debt/EBITDA: 6.86x · FCF: -46.5%
Source: SEC EDGAR · TTM through 31/03/2026
The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its financial strength drags it down the most.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 35 | -55 | -53 | -53 |
| 2021 | 62 | -117 | -97 | -591 |
| 2022 | 211 | -136 | -149 | -140 |
| 2023 | 245 | -183 | -154 | -57 |
| 2024 | 436 | -190 | -116 | -215 |
| 2025 | 602 | -198 | -322 | -827 |
Between 2020 and 2025, revenue went from $35M to $602M (+1612%) and net income went from -$55M to -$198M (-260%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
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Is Rocket Lab Corp cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Rocket Lab Corp a good company to invest in?
In terms of business quality, Rocket Lab Corp scores 50 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Rocket Lab Corp a profitable company?
Over the last twelve months, no: Rocket Lab Corp posts a negative net margin (-26.9%).
Does Rocket Lab Corp have a lot of debt?
Yes, its leverage is high: net debt is 6.86 times its EBITDA.
Is Rocket Lab Corp growing?
Its revenue has grown 75.9% annualized in recent years, and without interruption since 2020.
Does Rocket Lab Corp generate cash?
Over the last twelve months its free cash flow was negative.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
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