Rocket Lab Corp
$37.44B- Market cap
- $38.45B
- Debt
- +$1.72M
- Cash
- −$1.02B
Capital structure 100% equity / 0% debt · EV / Revenue 62.21x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $38.45B · View financials
Snapshot Sep 4, 4:00 PM ET
FY 2022 · Mkt cap
Decision snapshot: RKLB stock price at premium vs OGS $64.26 current versus $1.96 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at OGS's multiple
Implied fair value · at RKLB's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: RKLB FY 2025 (ended Dec 31, 2025) · OGS FY 2022 (ended Dec 31, 2022). Fiscal years are not aligned.
Trendline
13 fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 100% equity / 0% debt · EV / Revenue 62.21x
Capital structure 65% equity / 35% debt · EV / Revenue 3.00x · EV / EBITDA 17.81x
RKLB carries the larger enterprise value at $37.44B against $7.73B; OGS trades on the lower EV / Revenue multiple (3.00x vs 62.21x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Rocket Lab Corp · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
ONE Gas, Inc. · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.00x
1.05x
Net debt / EBITDA
Leverage against operating earnings
6.55x
6.24x
Cash and equivalents
Liquid reserves on the balance sheet
$1.02B
$9.68M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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