Wednesday 14 October 2026
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Firefly Aerospace, Inc.
FLY Industrials Aerospace & Defense
Firefly Aerospace, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $159.9 million, up 163.0% from fiscal 2024. In the quarter to June 2026, revenue grew 656.9%, EPS grew 90.1%, free cash flow fell 185.3% and total debt fell 85.4%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
17.06
1.28
−6.98%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | — | — | 16.00 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | — | — | — | — | 73.80 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 780 | 1,409 | ||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 0.08 | 0.11 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 55 | 61 | 160 | ||||
| Gross margin, % | — | — | — | — | — | — | — | 48.16 | (18.69) | 19.18 | |||||
| EBT | — | — | — | — | — | — | — | (135) | (231) | (335) | |||||
| EBT margin, % | — | — | — | — | — | — | — | (245.24) | (380.20) | (209.86) | |||||
| Net income | — | — | — | — | — | — | — | (135) | (231) | (298) | |||||
| Depreciation | — | — | — | — | — | — | — | 5 | 13 | 23 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 4.61 | 4.74 | 2.31 | ||||
| Earnings | — | — | — | — | — | — | — | (11.31) | (18.03) | (4.83) | |||||
| Cash flow | — | — | — | — | — | — | — | (7.80) | (12.30) | (2.96) | |||||
| Capex | — | — | — | — | — | — | — | (6.45) | (2.55) | (0.47) | |||||
| Free cash flow | — | — | — | — | — | — | — | (14.25) | (14.85) | (3.43) | |||||
| Book value | — | — | — | — | — | — | — | (42.12) | (59.88) | 17.19 | |||||
| Shares, m | — | — | — | — | — | — | — | 12 | 13 | 69 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | — | — | — | 8.15 | 8.15 | 9.68 | |||||
| P/B | — | — | — | — | — | — | — | 0.00 | 0.00 | 1.30 | |||||
| EV/Sales | — | — | — | — | — | — | — | 7.54 | 7.54 | 5.87 | |||||
| EV/FCF | — | — | — | — | — | — | — | (4.21) | (4.21) | (3.95) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | (93) | (158) | (205) | ||||
| Capex | — | — | — | — | — | — | — | (77) | (33) | (33) | |||||
| Free cash flow | — | — | — | — | — | — | — | (171) | (190) | (237) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | 13 | 1 | 750 | ||||
| Total debt | — | — | — | — | — | — | — | 98 | 144 | 283 | |||||
| Net debt | — | — | — | — | — | — | — | 13 | 20 | (610) | |||||
| Shareholders’ equity | — | — | — | — | — | — | — | (504) | (768) | 1,190 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | (72.97) | (29.92) | ||||
| ROIC | — | — | — | — | — | — | — | 0.00 | 0.00 | (28.07) | |||||
| ROE | — | — | — | — | — | — | — | 0.00 | 41.79 | (158.16) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Firefly Aerospace, Inc. vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| KRMN Karman Holdings Inc. | $4.2B | 104× | 108× | +58.18% (above 0%: growing) | +120.00% (above 0%: growing) | +17.67% (above 0%: growing) | 42.97% | 19.13% | Compare |
| AIR AAR Corp. | $4.0B | 20.1× | 26.3× | +24.12% (above 0%: growing) | +5.48% (above 0%: growing) | +182.09% (above 0%: growing) | 19.20% | 7.85% | Compare |
| MOG.B Moog Inc. | $3.7B | 31.0× | — | +15.16% (above 0%: growing) | +153.97% (above 0%: growing) | +67.52% (above 0%: growing) | 31.10% | 14.41% | Compare |
| ACHR Archer Aviation Inc. | $3.6B | — (loss-making) | — (loss-making) | — | n/m | −51.76% (below 0%: shrinking) | 14.00% | (5,584.00%) | Compare |
| FLY Firefly Aerospace, Inc. | $3.2B | — (loss-making) | — (loss-making) | +656.85% (above 0%: growing) | n/m | −185.28% (below 0%: shrinking) | 20.29% | (80.89%) | |
| LUNR Intuitive Machines, Inc. | $2.9B | — (loss-making) | — (loss-making) | +309.77% (above 0%: growing) | n/m | −197.16% (below 0%: shrinking) | 17.40% | (22.86%) | Compare |
| ATRO Astronics Corporation | $2.7B | 34.2× | 32.7× | +27.01% (above 0%: growing) | +2,362.46% (above 0%: growing) | +299.44% (above 0%: growing) | 33.43% | 15.57% | Compare |
| DCO Ducommun Incorporated | $2.6B | — (loss-making) | 38.6× | +11.80% (above 0%: growing) | +60.71% (above 0%: growing) | +48.47% (above 0%: growing) | 28.02% | 12.62% | Compare |
| RDW Redwire Corporation | $2.3B | — (loss-making) | — (loss-making) | +89.56% (above 0%: growing) | n/m | +62.22% (above 0%: growing) | 27.80% | (18.87%) | Compare |
| Median of peers | $3.3B | 32.6× | 35.7× | +27.01% | +120.00% | +55.35% | 27.91% | 10.24% |
Firefly Aerospace, Inc. (FLY) key facts
- Strength: Firefly Aerospace, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $159.9 million, up 163.0% from fiscal 2024.
- Firefly Aerospace, Inc. (FLY) is an Aerospace & Defense company in the Industrials sector, listed on Nasdaq.
- As of October 13, 2026, FLY traded at $18.34, a market capitalization of $3.1 billion.
- Return on equity was −158.2% and debt-to-equity 0.02.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 0.79 (distress zone) for fiscal 2025.