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Side-by-side financial comparison of Rocket Lab Corp (RKLB) and UNIVERSAL INSURANCE HOLDINGS, INC. (UVE). Click either name above to swap in a different company.

UNIVERSAL INSURANCE HOLDINGS, INC. is the larger business by last-quarter revenue ($393.6M vs $200.3M, roughly 2.0× Rocket Lab Corp). UNIVERSAL INSURANCE HOLDINGS, INC. runs the higher net margin — 13.8% vs -22.5%, a 36.3% gap on every dollar of revenue. On growth, Rocket Lab Corp posted the faster year-over-year revenue change (63.5% vs -0.3%). Over the past eight quarters, Rocket Lab Corp's revenue compounded faster (37.3% CAGR vs 1.7%).

Rocket Lab Corporation is a publicly traded aerospace manufacturer and launch service provider. Its Electron orbital rocket launches small satellites and has successfully completed over 75 missions as of January 2026, making it the most prolific small-lift launch vehicle in operation globally. A suborbital variant of Electron, called HASTE, was developed as a testbed to advance hypersonic technology development, while the next-generation reusable Neutron medium-lift launch vehicle is in devel...

New York Life Insurance Company (NYLIC), most commonly known as New York Life, is the second-largest life insurance company and the largest mutual life insurance company in the United States, and is ranked #69 on the 2025 Fortune 500 list of the largest U.S. corporations by total revenue. In 2025, NYLIC achieved the best possible ratings by the four independent rating companies. Other New York Life affiliates provide an array of securities products and services, as well as institutional and r...

RKLB vs UVE — Head-to-Head

Bigger by revenue
UVE
UVE
2.0× larger
UVE
$393.6M
$200.3M
RKLB
Growing faster (revenue YoY)
RKLB
RKLB
+63.8% gap
RKLB
63.5%
-0.3%
UVE
Higher net margin
UVE
UVE
36.3% more per $
UVE
13.8%
-22.5%
RKLB
Faster 2-yr revenue CAGR
RKLB
RKLB
Annualised
RKLB
37.3%
1.7%
UVE

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
RKLB
RKLB
UVE
UVE
Revenue
$200.3M
$393.6M
Net Profit
$-45.0M
$54.3M
Gross Margin
38.2%
Operating Margin
33.9%
Net Margin
-22.5%
13.8%
Revenue YoY
63.5%
-0.3%
Net Profit YoY
EPS (diluted)
$1.88

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
RKLB
RKLB
UVE
UVE
Q1 26
$200.3M
$393.6M
Q4 25
$179.7M
$407.9M
Q3 25
$155.1M
$401.0M
Q2 25
$144.5M
$400.1M
Q1 25
$122.6M
$394.9M
Q4 24
$132.4M
$384.8M
Q3 24
$104.8M
$387.6M
Q2 24
$106.3M
$380.2M
Net Profit
RKLB
RKLB
UVE
UVE
Q1 26
$-45.0M
$54.3M
Q4 25
$-52.9M
$66.6M
Q3 25
$-18.3M
$39.8M
Q2 25
$-66.4M
$35.1M
Q1 25
$-60.6M
$41.4M
Q4 24
$-52.3M
$6.0M
Q3 24
$-51.9M
$-16.2M
Q2 24
$-41.6M
$35.4M
Gross Margin
RKLB
RKLB
UVE
UVE
Q1 26
38.2%
Q4 25
38.0%
Q3 25
37.0%
Q2 25
32.1%
Q1 25
28.8%
Q4 24
27.8%
Q3 24
26.7%
Q2 24
25.6%
Operating Margin
RKLB
RKLB
UVE
UVE
Q1 26
33.9%
Q4 25
-28.4%
21.7%
Q3 25
-38.0%
13.2%
Q2 25
-41.3%
11.6%
Q1 25
-48.3%
14.0%
Q4 24
-38.9%
1.9%
Q3 24
-49.5%
-4.7%
Q2 24
-40.7%
12.6%
Net Margin
RKLB
RKLB
UVE
UVE
Q1 26
-22.5%
13.8%
Q4 25
-29.5%
16.3%
Q3 25
-11.8%
9.9%
Q2 25
-46.0%
8.8%
Q1 25
-49.5%
10.5%
Q4 24
-39.5%
1.6%
Q3 24
-49.6%
-4.2%
Q2 24
-39.2%
9.3%
EPS (diluted)
RKLB
RKLB
UVE
UVE
Q1 26
$1.88
Q4 25
$-0.09
$2.29
Q3 25
$-0.03
$1.38
Q2 25
$-0.13
$1.21
Q1 25
$-0.12
$1.44
Q4 24
$-0.11
$0.23
Q3 24
$-0.10
$-0.57
Q2 24
$-0.08
$1.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
RKLB
RKLB
UVE
UVE
Cash + ST InvestmentsLiquidity on hand
$1.2B
$595.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$584.7M
Total Assets
$2.8B
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RKLB
RKLB
UVE
UVE
Q1 26
$1.2B
$595.8M
Q4 25
$1.0B
$408.9M
Q3 25
$976.7M
$405.1M
Q2 25
$688.1M
$367.1M
Q1 25
$428.4M
$398.2M
Q4 24
$419.0M
$259.4M
Q3 24
$442.4M
$333.7M
Q2 24
$496.8M
$283.3M
Total Debt
RKLB
RKLB
UVE
UVE
Q1 26
Q4 25
$152.4M
$100.5M
Q3 25
$347.0M
$100.7M
Q2 25
$346.5M
$100.9M
Q1 25
$345.9M
$101.1M
Q4 24
$345.4M
$101.2M
Q3 24
$61.2M
$101.4M
Q2 24
$64.2M
$101.6M
Stockholders' Equity
RKLB
RKLB
UVE
UVE
Q1 26
$2.3B
$584.7M
Q4 25
$1.7B
$551.0M
Q3 25
$1.3B
$495.0M
Q2 25
$688.5M
$457.8M
Q1 25
$431.3M
$422.4M
Q4 24
$382.5M
$373.3M
Q3 24
$419.8M
$400.2M
Q2 24
$455.2M
$393.2M
Total Assets
RKLB
RKLB
UVE
UVE
Q1 26
$2.8B
$2.8B
Q4 25
$2.3B
$2.8B
Q3 25
$2.2B
$3.1B
Q2 25
$1.6B
$3.3B
Q1 25
$1.3B
$2.7B
Q4 24
$1.2B
$2.8B
Q3 24
$1.2B
$2.7B
Q2 24
$1.2B
$2.7B
Debt / Equity
RKLB
RKLB
UVE
UVE
Q1 26
Q4 25
0.09×
0.18×
Q3 25
0.27×
0.20×
Q2 25
0.50×
0.22×
Q1 25
0.80×
0.24×
Q4 24
0.90×
0.27×
Q3 24
0.15×
0.25×
Q2 24
0.14×
0.26×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
RKLB
RKLB
UVE
UVE
Operating Cash FlowLast quarter
$-50.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RKLB
RKLB
UVE
UVE
Q1 26
$-50.3M
Q4 25
$-64.5M
$381.5M
Q3 25
$-23.5M
$62.4M
Q2 25
$-23.2M
$106.2M
Q1 25
$-54.2M
$186.8M
Q4 24
$-2.4M
$137.4M
Q3 24
$-30.9M
$82.6M
Q2 24
$-13.0M
$73.2M
Free Cash Flow
RKLB
RKLB
UVE
UVE
Q1 26
Q4 25
$-114.2M
$377.1M
Q3 25
$-69.4M
$61.3M
Q2 25
$-55.3M
$105.2M
Q1 25
$-82.9M
$185.5M
Q4 24
$-23.9M
$130.0M
Q3 24
$-41.9M
$81.0M
Q2 24
$-28.3M
$71.6M
FCF Margin
RKLB
RKLB
UVE
UVE
Q1 26
Q4 25
-63.6%
92.4%
Q3 25
-44.8%
15.3%
Q2 25
-38.3%
26.3%
Q1 25
-67.6%
47.0%
Q4 24
-18.1%
33.8%
Q3 24
-40.0%
20.9%
Q2 24
-26.7%
18.8%
Capex Intensity
RKLB
RKLB
UVE
UVE
Q1 26
Q4 25
27.6%
1.1%
Q3 25
29.6%
0.3%
Q2 25
22.2%
0.2%
Q1 25
23.4%
0.3%
Q4 24
16.3%
1.9%
Q3 24
10.5%
0.4%
Q2 24
14.4%
0.4%
Cash Conversion
RKLB
RKLB
UVE
UVE
Q1 26
Q4 25
5.73×
Q3 25
1.57×
Q2 25
3.03×
Q1 25
4.51×
Q4 24
22.82×
Q3 24
Q2 24
2.07×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

RKLB
RKLB

Product revenues$127.5M64%
Service revenues$72.9M36%

UVE
UVE

Segment breakdown not available.

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