Rocket Lab USA Inc. (RKLB) - Net Assets

Latest 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. Check Rocket Lab USA Inc. (RKLB) asset resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore Rocket Lab USA Inc. asset portfolio for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Rocket Lab USA Inc. market cap and net worth.

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
Ventas Inc
NYSE:VTR
$40.60 Billion
Old Dominion Freight Line Inc
NASDAQ:ODFL
$40.61 Billion
Consolidated Edison Inc
NYSE:ED
$40.71 Billion
Oil & Natural Gas Corporation Limited
NSE:ONGC
$40.75 Billion
China Hongqiao Group Ltd
F:H0Q
$40.54 Billion
Waste Connections Inc
TO:WCN
$40.50 Billion
Garmin Ltd
F:GEY
$40.34 Billion
MSCI Inc
NYSE:MSCI
$40.30 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: 24.29x
  • 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 230.22x to 24.29x 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 $78.81 x
2020-12-31 $-2.13 $78.81 x
2021-12-31 $1.54 $78.81 x
2022-12-31 $1.44 $78.81 x
2023-12-31 $1.15 $78.81 x
2024-12-31 $0.77 $78.81 x
2025-12-31 $3.24 $78.81 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: $1,547,050,294
  • Average return on equity (ROE) among peers: 5.70%

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 $40.56 Billion
Archer Aviation Inc (ACHR) $2.20 Billion -28.06% 0.12x $3.99 Billion
AAR Corp (AIR) $314.74 Million 4.91% 1.33x $4.37 Billion
Air Industries Group (AIRI) $2.28 Million 23.68% 14.08x $14.96 Million
AIRO Group Holdings, Inc. Common Stock (AIRO) $595.46 Million -5.45% 0.24x $203.46 Million
Astronics Corporation (ATRO) $14.80 Million 18.24% 1.02x $2.27 Billion
AeroVironment Inc (AVAV) $612.11 Million 3.81% 0.52x $9.09 Billion
Axon Enterprise Inc. (AXON) $117.56 Million -3.73% 0.16x $28.25 Billion
The Boeing Company (BA) $8.79 Billion 61.89% 10.29x $172.93 Billion
Beta Technologies, Inc. (BETA) $1.82 Billion -41.03% 0.17x $3.58 Billion
BWX Technologies Inc (BWXT) $1.00 Billion 22.70% 1.83x $19.82 Billion

About Rocket Lab USA Inc.

NASDAQ:RKLB USA Aerospace & Defense
Market Cap
$44.72 Billion
Market Cap Rank
#654 Global
#307 in USA
Share Price
$78.81
Change (1 day)
-4.48%
52-Week Range
$20.51 - $96.30
All Time High
$96.30
About

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