Rocket Lab Corp. (RKLB) intrinsic value & 10-year financials
Rocket Lab Corp. (RKLB) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 76.5% a year to $601.8M, with an average return on invested capital of -73.0%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $50.84
- Market cap
- $27.0B
- Revenue (FY2025)
- $601.8M
- Revenue growth (7-yr CAGR)
- 76.5%
- ROIC (10-yr avg)
- -73.0%
- Free cash flow (FY2025)
- -$321.8M
RKLB 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $601.8M | -$198.2M | -$0.37 | -$321.8M | -38.0% | -32.7% |
| FY2024 | $436.2M | -$190.2M | -$0.38 | -$116.0M | -43.5% | -47.3% |
| FY2023 | $244.6M | -$182.6M | -$0.38 | -$153.6M | -72.7% | -30.9% |
| FY2022 | $211.0M | -$135.9M | -$0.29 | -$148.9M | -64.1% | -37.6% |
| FY2021 | $62.2M | -$117.3M | -$0.56 | -$97.5M | -164.0% | -114.6% |
| FY2020 | $35.2M | -$55.0M | -$0.73 | -$52.9M | -156.3% | -174.8% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Rocket Lab Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Rocket Lab Corp has historically struggled to out-earn its cost of capital, averaging just -44.1% ROIC.
Rocket Lab Corp capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Rocket Lab Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-12.29 per share.