Rocket Lab USA Inc.
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 manageme… Read more
Rocket Lab USA Inc. (RKLB) - Net Assets
Latest net assets as of December 2025: $1.72 Billion USD
Based on the latest financial reports, Rocket Lab USA Inc. (RKLB) has net assets worth $1.72 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.32 Billion) and total liabilities ($602.62 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.72 Billion |
| % of Total Assets | 74.07% |
| Annual Growth Rate | 52.43% |
| 5-Year Change | 146.53% |
| 10-Year Change | N/A |
| Growth Volatility | 185.38 |
Rocket Lab USA Inc. - Net Assets Trend (2019–2025)
This chart illustrates how Rocket Lab USA Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Rocket Lab USA Inc. (2019–2025)
The table below shows the annual net assets of Rocket Lab USA Inc. from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.72 Billion | +350.21% |
| 2024-12-31 | $382.45 Million | -31.03% |
| 2023-12-31 | $554.54 Million | -17.63% |
| 2022-12-31 | $673.21 Million | -3.61% |
| 2021-12-31 | $698.45 Million | +518.96% |
| 2020-12-31 | $-166.71 Million | -221.49% |
| 2019-12-31 | $137.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rocket Lab USA Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 87922400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $54.00K | 0.00% |
| Other Comprehensive Income | $-1.96 Million | -0.11% |
| Other Components | $2.74 Billion | 158.88% |
| Total Equity | $1.72 Billion | 100.00% |
Rocket Lab USA Inc. Competitors by Market Cap
The table below lists competitors of Rocket Lab USA Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Axon Enterprise Inc.
NASDAQ:AXON
|
$37.39 Billion |
|
Infineon Technologies AG
OTCQX:IFNNF
|
$37.45 Billion |
|
Fomento Economico Mexicano
NYSE:FMX
|
$37.66 Billion |
|
Experian plc PK
OTCQX:EXPGY
|
$37.67 Billion |
|
Goodman Group
PINK:GMGSF
|
$37.36 Billion |
|
Alimentation Couchen Tard Inc A
PINK:ANCTF
|
$37.28 Billion |
|
Kinross Gold Corporation
NYSE:KGC
|
$37.25 Billion |
|
Hartford Financial Services Group
NYSE:HIG
|
$37.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rocket Lab USA Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 382,453,000 to 1,721,854,000, a change of 1,339,401,000 (350.2%).
- Net loss of 198,209,000 reduced equity.
- New share issuances of 1,146,057,000 increased equity.
- Other comprehensive income increased equity by 841,000.
- Other factors increased equity by 390,712,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-198.21 Million | -11.51% |
| Share Issuances | $1.15 Billion | +66.56% |
| Other Comprehensive Income | $841.00K | +0.05% |
| Other Changes | $390.71 Million | +22.69% |
| Total Change | $- | 350.21% |
Book Value vs Market Value Analysis
This analysis compares Rocket Lab USA Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 21.98x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 208.31x to 21.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.34 | $71.31 | x |
| 2020-12-31 | $-2.13 | $71.31 | x |
| 2021-12-31 | $1.54 | $71.31 | x |
| 2022-12-31 | $1.44 | $71.31 | x |
| 2023-12-31 | $1.15 | $71.31 | x |
| 2024-12-31 | $0.77 | $71.31 | x |
| 2025-12-31 | $3.24 | $71.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rocket Lab USA Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -11.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -32.94%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.35x
- Recent ROE (-11.51%) is above the historical average (-21.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -22.13% | -62.73% | 0.25x | 1.42x | $-44.08 Million |
| 2020 | 0.00% | -156.44% | 0.19x | 0.00x | $-38.33 Million |
| 2021 | -16.80% | -188.51% | 0.06x | 1.40x | $-187.16 Million |
| 2022 | -20.19% | -64.43% | 0.21x | 1.47x | $-203.26 Million |
| 2023 | -32.92% | -74.64% | 0.26x | 1.70x | $-238.03 Million |
| 2024 | -49.73% | -43.60% | 0.37x | 3.10x | $-228.42 Million |
| 2025 | -11.51% | -32.94% | 0.26x | 1.35x | $-370.39 Million |
Industry Comparison
This section compares Rocket Lab USA Inc.'s net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $121,635,637
- Average return on equity (ROE) among peers: -1.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rocket Lab USA Inc. (RKLB) | $1.72 Billion | -22.13% | 0.35x | $37.37 Billion |
| Alabama Aircraft Industries Inc (AAIIQ) | $12.51 Million | 89.71% | 5.45x | $0.94 |
| AAC Clyde Space AB (ACCMF) | $43.41 Million | -62.42% | 0.38x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $493.30 Million | -64.32% | 0.16x | $3.35 Billion |
| American Defense Systems Inc (ADFS) | $10.04 Million | -16.29% | 1.51x | $4.85K |
| AAR Corp (AIR) | $585.25 Million | 12.84% | 1.33x | $4.04 Billion |
| Air Industries Group (AIRI) | $-774.42K | 0.00% | 0.00x | $12.27 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $-106.24 Million | 0.00% | 0.00x | $159.98 Million |
| Philly Shipyard ASA (AKRRF) | $138.18 Million | 9.85% | 0.94x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $-10.83 | 0.00% | 0.00x | $2.48 Million |
| Astronics Corporation (ATRO) | $40.67 Million | 15.98% | 0.75x | $2.29 Billion |