Rocket Lab USA

RKLB

Aerospace & Defense · Industrials

Price

$67.62

+0.27 (+0.40%)

Market Cap

$39.14B

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count rising — dilution

+17.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 452.2M (2021) → 530.7M (2025)

Rocket Lab USA, Inc., a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft engineering and design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets. It also designs, manufactures, and sells Electron small orbital launch vehic

Winston Score History

Politician Trades

3 trades / 12mo

1 Congressional buy and 2 sells on RKLB in the last 12 months.

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Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+35.7% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+7.6% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

$271M/ year

↑ Rising (+55% vs prior year)

45.0% of revenue

11.2x the sector average (4%)

Investing heavily in future products and technology

Insider Activity

7.7%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~22 months

$829M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

Strong grower

Rocket Lab USA is growing revenue at 36% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

38.0%

Modest — 38.0% gross margin

Operating Margin

-28.4%

Losing money on operations — -28.4%

ROCE

-2.7%

Weak — -2.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+38.0%

Fast-growing sales (38.0% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-53.5%

Burning cash (-53.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.09

Conservative — low debt load (0.09)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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