3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Rocket Lab's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -9.34%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Rocket Lab's 3-Year ROIIC % or its related term are showing as below:
XSWX:RKLB's 3-Year ROIIC % is ranked worse than 70.4% of 321
companies
in the Aerospace & Defense industry
Industry Median: 3.84
vs XSWX:RKLB: -9.34
Rocket Lab (XSWX:RKLB) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Rocket Lab 3-Year ROIIC % Related Terms
Rocket Lab 3-Year ROIIC % Historical Data
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The historical data trend for Rocket Lab's 3-Year ROIIC % 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.
For the Aerospace & Defense subindustry, Rocket Lab's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Rocket Lab's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Rocket Lab's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Rocket Lab (XSWX:RKLB) has a 3-Year ROIIC % of -9.34 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Rocket Lab and its competitors. According to the industry distribution chart, Rocket Lab ranks #226 out of 321 companies in the Aerospace & Defense industry, placing it in the top 70.4%.
Is Rocket Lab's 3-Year ROIIC % too high?
Rocket Lab's current 3-Year ROIIC % is -9.34. Based on the distribution chart, Rocket Lab ranks #226 out of 321 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Rocket Lab has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Rocket Lab's 3-Year ROIIC % compare to ?
According to the Aerospace & Defense industry distribution chart, Rocket Lab ranks #226 out of 321 companies for 3-Year ROIIC %. This places Rocket Lab in the lower half of its industry. The industry median 3-Year ROIIC % is 3.84. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for an Aerospace & Defense company?
The median 3-Year ROIIC % among Aerospace & Defense companies is 3.84, based on 321 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Rocket Lab and its competitors. For the Aerospace & Defense industry, the median 3-Year ROIIC % is 3.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rocket Lab's current 3-Year ROIIC % is -9.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rocket Lab stock overvalued right now?
Rocket Lab (XSWX:RKLB) has a current 3-Year ROIIC % of -9.34. The stock's GF Value™ is CHF21.59, compared to a current price of CHF81.13 — trading 275.8% above its estimated fair value. The current 3-Year ROIIC % is -9.34. Rocket Lab'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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Rocket Lab (XSWX:RKLB), the current 3-Year ROIIC % is -9.34 as of Dec. 2025. 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.
Is Rocket Lab (XSWX:RKLB) Overvalued in 2026?
Based on GuruFocus' analysis, Rocket Lab stock appears to be overvalued.
The current stock price of CHF81.13 is trading 275.8% above its estimated GF Value™ of CHF21.59.
Key valuation signals for XSWX:RKLB:
3-Year ROIIC %: -9.34
GF Value™: CHF21.59 vs. price of CHF81.13 (275.8% above fair value)
No single metric tells the full story. See the XSWX:RKLB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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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