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Rocket Lab USARKLBW 71 Return-on-Tangible-Asset is -8.41% as of Mar. 2026. GuruFocus rates RKLBW with a GF Score™ of 71/100. The stock has 1 warning sign investors should review. Among 359 Aerospace & Defense companies, Rocket Lab USA ranks worse than 79.39% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Rocket Lab USA's annualizedNet Income for the quarter that ended in Mar. 2026 was $-180.09 Mil. Rocket Lab USA's average total tangible assets for the quarter that ended in Mar. 2026 was $2,142.31 Mil. Therefore, Rocket Lab USA's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -8.41%.
The historical rank and industry rank for Rocket Lab USA's Return-on-Tangible-Asset or its related term are showing as below:
RKLBW'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -31.72 Med: -21.37 Max: -10.6
Current: -10.6
During the past 6 years, Rocket Lab USA's highest Return-on-Tangible-Asset was -10.60%. The lowest was -31.72%. And the median was -21.37%.
RKLBW's Return-on-Tangible-Asset is ranked worse than 79.39% of 359
companies
in the Aerospace & Defense industry
Industry Median: 3.05
vs RKLBW: -10.60
Rocket Lab USA (NAS:RKLBW) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Rocket Lab USA Return-on-Tangible-Asset Related Terms
Rocket Lab USA Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Rocket Lab USA's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
RKLBW vs LHX, HEI.A, AXON: Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, Rocket Lab USA's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Rocket Lab USA Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Rocket Lab USA's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Rocket Lab USA's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -8.41% mean?
Rocket Lab USA (RKLBW) has a Return-on-Tangible-Asset of -8.41% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Rocket Lab USA and its competitors. According to the industry distribution chart, Rocket Lab USA ranks #285 out of 359 companies in the Aerospace & Defense industry, placing it in the top 79.4%.
Is Rocket Lab USA's Return-on-Tangible-Asset too high?
Rocket Lab USA's current Return-on-Tangible-Asset is -8.41%. Based on the distribution chart, Rocket Lab USA ranks #285 out of 359 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Rocket Lab USA has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Rocket Lab USA's Return-on-Tangible-Asset compare to LHX and HEI.A?
According to the Aerospace & Defense industry distribution chart, Rocket Lab USA ranks #285 out of 359 companies for Return-on-Tangible-Asset. This places Rocket Lab USA in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.05. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 3.05, based on 359 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Rocket Lab USA and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rocket Lab USA's current Return-on-Tangible-Asset is -8.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rocket Lab USA stock overvalued right now?
Rocket Lab USA (RKLBW) has a current Return-on-Tangible-Asset of -8.41%. The current Return-on-Tangible-Asset is -8.41%. Rocket Lab USA's overall GF Score™ is 71/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Rocket Lab USA (RKLBW), the current Return-on-Tangible-Asset is -8.41% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Rocket Lab Corp is engaged in space, building rockets, and spacecraft. It provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets. It designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab's Electron launch vehicle has delivered multiple satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. The business operates in two segments Launch Services and Space Systems. Geographically it serves Japan, and rest of the world and earns key revenue from the United States.
71GF Score
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