TTM
-33.2%
YoY change
+5.49pp
Trough year (2021)
-164.0%
Peak year (2025)
-38.0%
Latest annual
-38.0%
Operating Margin history chart for Rocket Lab USA (RKLB) from 2019 to 2025
Latest: -38.0%
Operating Margin change chart for Rocket Lab USA (RKLB) from 2019 to 2025
Latest: +5.49pp
Operating Margin history table for Rocket Lab USA (RKLB) from 2019 to 2025
| 2025 | -38.0% | +5.49pp | ||
| 2024 | -43.5% | +29.23pp | ||
| 2023 | -72.7% | -8.66pp | ||
| 2022 | -64.1% | +99.90pp | ||
| 2021 | -164.0% | -7.68pp | ||
| 2020 | -156.3% | -88.33pp | ||
| 2019 | -68.0% | — |
- 2025-38.0%+5.49pp
- 2024-43.5%+29.23pp
- 2023-72.7%-8.66pp
- 2022-64.1%+99.90pp
- 2021-164.0%-7.68pp
- 2020-156.3%-88.33pp
- 2019-68.0%—
Operating 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 Operating Margin at Rocket Lab USA (RKLB)
According to Rocket Lab USA's latest reported financial statements, the company's latest reported operating margin is -33.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
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) operating margin is -38.03% – expanded 5.5 percentage points year-over-year.
-38.03% stands as the all-time-high annual operating margin, posted in 2025, against a low of -163.97% during 2021.
Rocket Lab USA Operating Margin by Year
Rocket Lab USA Operating Margin 2025: -38.0%
2025's operating margin for Rocket Lab USA came in at -38.03%, expanded 5.5 percentage points from 2024. This figure represents the highest annual value in the available history.
Rocket Lab USA Operating Margin 2024: -43.5%
Rocket Lab USA posted operating margin of -43.51% in 2024, expanded 29.2 percentage points from 2023.
Rocket Lab USA Operating Margin 2023: -72.7%
In 2023, Rocket Lab USA reported operating margin of -72.74%, contracted 8.7 percentage points from 2022.
Rocket Lab USA Operating Margin 2022: -64.1%
Rocket Lab USA operating margin in 2022 was -64.08%, expanded 99.9 percentage points from 2021.
Rocket Lab USA Operating Margin 2021: -164.0%
Rocket Lab USA operating margin in 2021 was -163.97%.
See more financial history for Rocket Lab USA (RKLB).
Sector peers by Operating Margin
Industrials peers of Rocket Lab USA (RKLB), ranked by their latest operating margin
| 40.1% | |
| 18.5% | |
| 18.1% | |
| 17.9% | |
| 16.6% | |
| 14.9% | |
| 10.9% | |
| -5.9% |
- 40.1%
- 18.5%
- 17.9%
- 16.6%
- 10.9%
- -5.9%
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Rocket Lab USA (RKLB) Key Financials
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