Rocket Lab (RKLB) FCF Margin (2020 - 2026)

Rocket Lab's (RKLB) quarterly FCF Margin came in at 35.67% in Q1 2026, up 1710.0% year-on-year from 1.97% in Q1 2025, and down 210.6% quarter-over-quarter from 32.25% in Q4 2025.

Rocket Lab (RKLB) FCF Margin (2020 - 2026) Analysis & Trends

Rocket Lab's FCF Margin history runs 7 years deep, the most recent figure standing at 35.67% for Q1 2026.

  • On a quarterly basis, FCF Margin rose 1710.0% year-over-year to 35.67% in Q1 2026; TTM through Mar 2026 was 23.02%, a 265.0% increase from a year earlier, with the FY2025 full-year figure at 24.87%, down 1070.0% from the prior year.
  • FCF Margin declined to 35.67% in Q1 2026 per RKLB's latest filing, from 32.25% in the prior quarter.
  • Across five years, FCF Margin topped out at 32.25% in Q4 2025 and bottomed at 143.71% in Q4 2023.
  • The 5-year median for FCF Margin is 40.71% (2024), against an average of 41.5%.
  • Across the five-year window, FCF Margin jumped 25044 bps in 2022 and tumbled 8710 bps in 2023, its largest moves.
  • Year by year, FCF Margin stood at 56.6% in 2022, then plunged by 154 bps to 143.71% in 2023, then soared by 116 bps to 22.83% in 2024, then jumped by 41 bps to 32.25% in 2025, then sank by 211 bps to 35.67% in 2026.
  • Per Business Quant, the three latest RKLB FCF Margin figures stand at 35.67% (Q1 2026), 32.25% (Q4 2025), and 44.77% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 General Electric 373.45 Bn 364.10 Bn -3.10 Bn 393.71%
2 Rtx 288.16 Bn 279.85 Bn 9.91 Bn 11.65%
3 Boeing 167.44 Bn 147.42 Bn 2.41 Bn 2.57%
4 Lockheed Martin 132.17 Bn 128.38 Bn 2.45 Bn 14.54%
5 Howmet Aerospace 112.99 Bn 110.56 Bn 854.00 Mn 19.37%
6 General Dynamics 102.42 Bn 98.09 Bn 6.76 Bn 11.68%
7 Northrop Grumman 75.81 Bn 73.51 Bn 3.72 Bn 8.99%
8 TransDigm 72.68 Bn 68.79 Bn 1.51 Bn 2.52%
9 L3Harris Technologies 50.93 Bn 50.34 Bn 1.40 Bn -3.38%
10 Rocket Lab 39.03 Bn 37.75 Bn 76.49 Mn -35.67%

Historic Data

Download Data
DateValue
Mar 31, 2026 -35.67%
Dec 31, 2025 32.25%
Sep 30, 2025 -44.77%
Jun 30, 2025 -50.87%
Mar 31, 2025 -52.77%
Dec 31, 2024 22.83%
Sep 30, 2024 -40.01%
Jun 30, 2024 -40.71%
Mar 31, 2024 -7.39%
Dec 31, 2023 -143.71%
Sep 30, 2023 -18.72%
Jun 30, 2023 -26.81%
Mar 31, 2023 -69.33%
Dec 31, 2022 -56.60%
Sep 30, 2022 -1.02%
Jun 30, 2022 -92.09%
Mar 31, 2022 -80.05%
Dec 31, 2021 -96.30%
Sep 30, 2021 -251.47%
Jun 30, 2021 -187.08%