RKLB vs. BBAI

Last updated Apr 1, 2026

Compare and contrast key facts about Rocket Lab USA, Inc. (RKLB) and BigBear.ai Holdings, Inc. (BBAI).

Performance

RKLB vs. BBAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rocket Lab USA, Inc. (RKLB) and BigBear.ai Holdings, Inc. (BBAI). The values are adjusted to include any dividend payments, if applicable.

RKLB vs. BBAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RKLB Rocket Lab USA, Inc.	-7.94%	173.89%	360.58%	46.68%	-69.30%	0.82%
BBAI BigBear.ai Holdings, Inc.	-34.81%	21.35%	107.94%	217.65%	-88.10%	-35.09%

Fundamentals

Market Cap RKLB : $36.77B BBAI : $12.63B
EPS RKLB : -$0.37 BBAI : -$0.20
PS Ratio RKLB : 57.49 BBAI : 40.04
PB Ratio RKLB : 21.35 BBAI : 20.64
Total Revenue (TTM) RKLB : $601.80M BBAI : $127.67M
Gross Profit (TTM) RKLB : $207.18M BBAI : $28.48M
EBITDA (TTM) RKLB : -$200.68M BBAI : -$253.90M

Returns By Period

In the year-to-date period, RKLB achieves a -7.94% return, which is significantly higher than BBAI's -34.81% return.

RKLB

• 1D: 11.92%
• 1M: -7.06%
• YTD: -7.94%
• 6M: 34.04%
• 1Y: 259.17%
• 3Y*: 151.44%
• 5Y*: —
• 10Y*: —

BBAI

• 1D: 15.79%
• 1M: -11.11%
• YTD: -34.81%
• 6M: -46.01%
• 1Y: 23.08%
• 3Y*: 12.99%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

RKLB vs. BBAI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RKLB

RKLB Risk / Return Rank: 94
RKLB Sharpe Ratio Rank: 97
RKLB Sortino Ratio Rank: 92
RKLB Omega Ratio Rank: 89
RKLB Calmar Ratio Rank: 95
RKLB Martin Ratio Rank: 94

BBAI

BBAI Risk / Return Rank: 53
BBAI Sharpe Ratio Rank: 50
BBAI Sortino Ratio Rank: 63
BBAI Omega Ratio Rank: 55
BBAI Calmar Ratio Rank: 48
BBAI Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RKLB vs. BBAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rocket Lab USA, Inc. (RKLB) and BigBear.ai Holdings, Inc. (BBAI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	RKLB	BBAI	Difference
Sharpe ratio Return per unit of total volatility	3.02	0.22	+2.80
Sortino ratio Return per unit of downside risk	3.04	1.24	+1.80
Omega ratio Gain probability vs. loss probability	1.37	1.13	+0.25
Calmar ratio Return relative to maximum drawdown	5.69	0.24	+5.45
Martin ratio Return relative to average drawdown	14.42	0.51	+13.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RKLB vs. BBAI - Sharpe Ratio Comparison

The current RKLB Sharpe Ratio is 3.02, which is higher than the BBAI Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of RKLB and BBAI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RKLB	BBAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.02	0.22	+2.80
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	-0.11	+0.68

Correlation

The correlation between RKLB and BBAI is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

RKLB vs. BBAI - Dividend Comparison

Neither RKLB nor BBAI has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

RKLB vs. BBAI - Drawdown Comparison

The maximum RKLB drawdown since its inception was -82.96%, smaller than the maximum BBAI drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for RKLB and BBAI.

Drawdown Indicators

	RKLB	BBAI	Difference
Max Drawdown Largest peak-to-trough decline	-82.96%	-95.01%	+12.05%
Max Drawdown (1Y) Largest decline over 1 year	-43.01%	-65.88%	+22.87%
Current Drawdown Current decline from peak	-33.31%	-72.26%	+38.95%
Average Drawdown Average peak-to-trough decline	-52.92%	-71.00%	+18.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.98%	31.07%	-14.09%

Volatility

RKLB vs. BBAI - Volatility Comparison

Rocket Lab USA, Inc. (RKLB) has a higher volatility of 29.42% compared to BigBear.ai Holdings, Inc. (BBAI) at 22.77%. This indicates that RKLB's price experiences larger fluctuations and is considered to be riskier than BBAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RKLB	BBAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.42%	22.77%	+6.65%
Volatility (6M) Calculated over the trailing 6-month period	64.09%	66.27%	-2.18%
Volatility (1Y) Calculated over the trailing 1-year period	86.56%	104.87%	-18.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.67%	178.01%	-98.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.67%	178.01%	-98.34%

Financials

RKLB vs. BBAI - Profitability Comparison

The chart below illustrates the profitability comparison between Rocket Lab USA, Inc. and BigBear.ai Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

RKLB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Rocket Lab USA, Inc. reported a gross profit of 68.23M and revenue of 179.65M. Therefore, the gross margin over that period was 38.0%.

BBAI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, BigBear.ai Holdings, Inc. reported a gross profit of 5.55M and revenue of 27.30M. Therefore, the gross margin over that period was 20.3%.

RKLB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Rocket Lab USA, Inc. reported an operating income of -51.04M and revenue of 179.65M, resulting in an operating margin of -28.4%.

BBAI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, BigBear.ai Holdings, Inc. reported an operating income of -24.27M and revenue of 27.30M, resulting in an operating margin of -88.9%.

RKLB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Rocket Lab USA, Inc. reported a net income of -52.92M and revenue of 179.65M, resulting in a net margin of -29.5%.

BBAI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, BigBear.ai Holdings, Inc. reported a net income of -5.83M and revenue of 27.30M, resulting in a net margin of -21.4%.