TTM
-46.5%
YoY change
−26.89pp
Trough year (2021)
-156.6%
Peak year (2024)
-26.6%
Latest annual
-53.5%
FCF Margin history chart for Rocket Lab USA (RKLB) from 2019 to 2025
Latest: -53.5%
FCF Margin change chart for Rocket Lab USA (RKLB) from 2019 to 2025
Latest: −26.89pp
FCF Margin history table for Rocket Lab USA (RKLB) from 2019 to 2025
| 2025 | -53.5% | -26.89pp | ||
| 2024 | -26.6% | +36.20pp | ||
| 2023 | -62.8% | +7.81pp | ||
| 2022 | -70.6% | +86.05pp | ||
| 2021 | -156.6% | -6.25pp | ||
| 2020 | -150.4% | -55.51pp | ||
| 2019 | -94.9% | — |
- 2025-53.5%-26.89pp
- 2024-26.6%+36.20pp
- 2023-62.8%+7.81pp
- 2022-70.6%+86.05pp
- 2021-156.6%-6.25pp
- 2020-150.4%-55.51pp
- 2019-94.9%—
FCF Margin values are taken from Rocket Lab USA's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Rocket Lab USA (RKLB)
According to Rocket Lab USA's latest reported financial statements, the company's latest reported free cash flow margin is -46.5%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Rocket Lab USA (RKLB) free cash flow margin is -53.47% – contracted 26.9 percentage points year-over-year.
-26.59% stands as the all-time-high annual free cash flow margin, posted in 2024, against a low of -156.64% during 2021.
Rocket Lab USA FCF Margin by Year
Rocket Lab USA FCF Margin 2025: -53.5%
2025's free cash flow margin for Rocket Lab USA came in at -53.47%, contracted 26.9 percentage points from 2024.
Rocket Lab USA FCF Margin 2024: -26.6%
Rocket Lab USA posted free cash flow margin of -26.59% in 2024, expanded 36.2 percentage points from 2023. This figure represents the highest annual value in the available history.
Rocket Lab USA FCF Margin 2023: -62.8%
In 2023, Rocket Lab USA reported free cash flow margin of -62.79%, expanded 7.8 percentage points from 2022.
Rocket Lab USA FCF Margin 2022: -70.6%
Rocket Lab USA free cash flow margin in 2022 was -70.59%, expanded 86.0 percentage points from 2021.
Rocket Lab USA FCF Margin 2021: -156.6%
Rocket Lab USA free cash flow margin in 2021 was -156.64%.
See more financial history for Rocket Lab USA (RKLB).
Sector peers by FCF Margin
Industrials peers of Rocket Lab USA (RKLB), ranked by their latest free cash flow margin
| 23.1% | |
| 16.5% | |
| 16.2% | |
| 15.4% | |
| 11.4% | |
| 9.2% | |
| 0.8% | |
| -1.1% |
- 23.1%
- 16.2%
- 15.4%
- 9.2%
- -1.1%
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