About Rocket Lab Corporation
Rocket Lab Corporation, a space company, provides launch services and space systems solutions in the United States, Canada, Japan, and internationally. The company operates through launch services and space systems segments. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, optical systems, and other spacecraft and on-orbit management solutions and constellation management services, as well as designs and manufactures small and medium-class rockets and develops flight and ground software. It also designs, manufactures, and sells Electron, an orbital small launch vehicle for small spacecraft launch services, as well as develops Neutron launch vehicles for large constellation deployments, interplanetary missions, and potentially for human spaceflight. In addition, the company designs and manufactures a range of components and subsystems for its launch vehicles and spacecraft. It serves commercial, aerospace prime contractors, and government customers. Rocket Lab Corporation was formerly known as Rocket Lab USA, Inc. and changed its name to Rocket Lab Corporation in August 2021. The company was founded in 2006 and is headquartered in Long Beach, California.
Rocket Lab Corporation (RKLB) is a Industrials company in the Aerospace & Defense industry with a market capitalisation of $32B.
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Market cap
- $32B
- EPS (TTM)
- $-0.37
- Revenue (TTM)
- $601.8M
- Free cash flow
- -$321.8M
- Profit margin
- -32.9%
- Dividend yield
- 0%
- Shares outstanding
- 598.4M
Financial health: Fair5/10
4 strengths, 4 concerns. Weakest points: return on equity, net margin, free cash flow and 1 more.
- Debt to equity: 0.00 (Strong, benchmark < 0.5) — Debt of 0.00x equity is conservative against the 0.5x benchmark. It has improved over the last 4 years.
- Net debt vs cash flow: 0.0y (Strong, benchmark < 4 years) — Holds more cash than debt ($826.9M net cash).
- Current ratio: 4.08 (Strong, benchmark > 1.5) — Short-term assets cover 4.08x short-term liabilities, against Graham's 1.5x floor. It has been broadly flat over the last 4 years.
- Return on equity: -11.5% (Concern, benchmark > 15%) — Earns -11.5% on shareholder equity, well short of the > 15% mark.
- Gross margin: 34.4% (Watch, benchmark > 40%) — Keeps 34.4% of revenue after the direct cost of sales, short of the > 40% mark.
- Net margin: -32.9% (Concern, benchmark > 10%) — Turns -32.9% of revenue into profit, well short of the > 10% mark.
- Free cash flow: -$321.8M (Concern, benchmark positive) — Burned $321.8M of cash after capital spending, so operations did not fund themselves. It has deteriorated over the last 4 years.
- Revenue growth: 38.0% (Strong, benchmark > 10%) — Revenue changed 38.0% year on year, comfortably past the > 10% mark.
- Earnings growth: -4.2% (Concern, benchmark > 10%) — Earnings changed -4.2% year on year, well short of the > 10% mark.