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Space Exploration Technologies Corp.

SPCX Industrials Aerospace & Defense

Space Exploration Technologies Corp.’s revenue for fiscal 2025 (year ended December 2025) was $18.7 billion, up 33.2% from fiscal 2024.

Revenue
+161.4%
EPS
+203.2%
Free cash flow
−212.7%
Total debt
+181.6%

Quarter to September 2026, against a year earlier

134.43 10.81 +8.74%
Market cap
$1.68T
P/E
0.0×
Fwd P/E
607×
Dividend yield
2.67%
F-score
n/a
Altman Z
n/a
Beneish M
−2.92
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 53.75
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — 1 — — — — 1 — —
Insider Ownership 64.08%

Capital & Financial Ratios $m

Size
Market Cap 1,678,890.00
Revenue ttm 32,043.00
Net income ttm (2,760.00)
Free cash flow ttm (39,291.00)
Net debt Q (51,011.00)
Valuation
P/E 0.00
Forward P/E 607.00 (above 35: high)
Price / sales 50.10 (above 10: high)
Forward P/S Powerpack
Price / FCF 0.00
Price / book 9.08 (above 6: high)
Financial health
Current ratio Q 3.08 (at or above 1.5: strong)
Debt / equity Q 0.22 (at or below 0.5: strong)
Interest coverage Q 4.13
Growth
Revenue growth Q +161.39% (above 0%: growing)
Operating income growth Q +1,122.34% (above 0%: growing)
EPS, this year —
EPS, next year A —
Revenue, next year A +162.04% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

Dividends

Yield
2.67%
Annual rate
3.59
Payout ratio
—
Growth, 2021–25
+78.0%/yr
  1. 0.36 ’21
  2. 0.52 ’23 +47
  3. 0.16 ’24 −69
  4. 3.59 ’25 +2106
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash — 12,185 24,747 89,855
Receivables — 1,052 1,579 4,772
Inventory — 2,003 2,416 2,891
Other — — — —
— 16,108 30,952 100,975
2023 2024 2025 Q'26
Payables — 4,413 11,792 13,259
ST’ Debt — 372 928 2,698
Other — — — —
— 11,791 21,400 32,738

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — — —
Earnings — — —
Book Value — — —

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.10 Actual 0.35

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 −0.26 −0.09 Beat by 0.17
Q3 FY26 0.10 0.35 Beat by 0.25
Q4 FY26 0.30 — Reports 19 January 2027

EPS $

Mar Jun Sep Dec Year
’26 (1.27) (0.09) 0.35 — —
’25 (0.18) (0.34) (0.36) (0.80) (1.69)
’24 — — — — 0.00
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 4,694 7,814 14,575 — —
’25 4,067 4,071 5,576 4,960 18,674
’24 — — — — 14,015
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1,047 2,419 9,631 — —
’25 727 (376) 3,769 2,665 6,785
’24 — — — 5,776 5,776
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (9,067) (15,963) (9,962) — —
’25 (3,413) (3,223) (3,186) (4,299) (14,121)
’24 — — — (5,387) (5,387)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — — — 10,387 14,015 18,674 32,043 +34.1% 48,933 180,372 335,732 +162.0%
Gross margin, % — — — — — — — 41.18 42.95 49.39 56.74 +8.2 pt
EBT — — — — — — — (4,991) 242 (4,219) (3,117) (8.1%)
EBT margin, % — — — — — — — (48.05) 1.73 (22.59) (9.73) +25.5 pt
Net income — — — — — — — (4,628) 791 (4,937) (2,760) +3.3%
Per share, $
Per share, $ Revenue — — — — — — — 3.76 4.92 6.38 2.68 +30.2%
Earnings — — — — — — — (1.68) 0.28 (1.69) (1.79) +0.3%
Cash flow — — — — — — — 1.64 2.03 2.32 1.32 +19.0%
Capex — — — — — — — (1.60) (3.92) (7.14) (4.61) +111.3%
Free cash flow — — — — — — — 0.04 (1.89) (4.83) (3.29) n/m
Book value — — — — — — — 0.00 1.71 0.88 14.80 n/m
Shares, m — — — — — — — 2,759 2,848 2,926 6,154 +3.0%
Valuation, ×
Valuation, × P/E — — — — — — — 0.00 0.00 0.00 0.00 0.0
P/S — — — — — — — 32.39 32.39 32.39 50.10 32.4
P/B — — — — — — — 18.10 18.10 18.10 9.08 18.1
EV/Sales — — — — — — — 32.73 32.73 32.73 48.51 32.7
EV/FCF — — — — — — — (31.95) (31.95) (31.95) (39.56) (31.9)
Cash, $m
Cash, $m Operating cash flow — — — — — — — 4,520 5,776 6,785 15,762 +22.5%
Capex — — — — — — — (4,415) (11,163) (20,906) (55,053) +117.6%
Free cash flow — — — — — — — 105 (5,387) (14,121) (39,291) n/m
Balance, $m
Balance, $m Working capital — — — — — — — — 4,317 9,552 68,237 +121.3%
Net debt — — — — — — — — 1,608 (1,851) (51,011) n/m
Shareholders’ equity — — — — — — — — 4,863 2,573 176,768 (47.1%)
Returns, %
Returns, % ROA — — — — — — — 0.00 0.06 (6.62) (2.21) (6.6) pt
ROIC — — — — — — — 0.00 4.50 (224.12) (0.33) (224.1) pt
ROE — — — — — — — 0.00 0.00 (132.79) (3.78) (132.8) pt
People
People Employees — — — — — — — — — 22,000 — —
Revenue/emp, $m — — — — — — — 0.00 0.00 0.85 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Space Exploration Technologies Corp. 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
SPCX Space Exploration Technologies Corp. $1.68T — (loss-making) 607× +161.39% (above 0%: growing) n/m −212.68% (below 0%: shrinking) 62.42% 19.15%
GE GE Aerospace $325.2B 37.0× 34.5× +15.90% (above 0%: growing) +8.33% (above 0%: growing) −13.72% (below 0%: shrinking) 35.57% 24.44% Compare
RTX RTX Corporation $258.9B 30.4× 31.4× +11.06% (above 0%: growing) +33.57% (above 0%: growing) −47.59% (below 0%: shrinking) 23.25% 13.37% Compare
BA The Boeing Company $136.7B 17.9× — (loss-making) +3.94% (above 0%: growing) n/m +101.67% (above 0%: growing) 8.96% 1.46% Compare
LMT Lockheed Martin Corporation $133.1B 20.0× 20.8× +11.30% (above 0%: growing) +14.61% (above 0%: growing) −10.40% (below 0%: shrinking) 11.76% 11.80% Compare
GD General Dynamics Corporation $96.3B 20.5× 21.9× +12.85% (above 0%: growing) +15.74% (above 0%: growing) −35.21% (below 0%: shrinking) 10.48% 10.48% Compare
HWM Howmet Aerospace Inc. $79.9B 40.2× 35.4× +29.39% (above 0%: growing) +48.40% (above 0%: growing) +32.78% (above 0%: growing) 37.11% 28.75% Compare
NOC Northrop Grumman Corporation $74.6B 16.5× 18.7× +6.71% (above 0%: growing) +2.86% (above 0%: growing) +44.11% (above 0%: growing) 21.15% 11.41% Compare
TDG Transdigm Group Incorporated $65.7B 36.3× 31.8× +22.53% (above 0%: growing) +10.86% (above 0%: growing) +13.44% (above 0%: growing) 59.39% 44.76% Compare
Median of peers $114.7B 25.4× 31.4× +12.08% +14.61% +1.52% 22.20% 12.59%

All 94 Aerospace & Defense stocks →

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
HSBC Oct 25, 2026 Initiated Hold 115.00
JPMorgan Oct 25, 2026 Target raised — 500.00
Bank of America Oct 23, 2026 Target raised Buy 235.00 → 275.00
Phillip Securities Oct 23, 2026 Upgrade Sell → Buy —
PhillipCapital Oct 23, 2026 Target raised — 75.00 → 250.00
Susquehanna Oct 22, 2026 Target raised Hold 173.00 → 176.00
Clear Street Oct 22, 2026 Target raised Buy 217.00 → 248.00
Morningstar Oct 22, 2026 Target raised — 62.00 → 70.00
Morgan Stanley Oct 21, 2026 Reiterated Outperform 300.00
Barclays Oct 21, 2026 Target raised Outperform 254.00 → 300.00

Space Exploration Technologies Corp. (SPCX) Latest News

7 Nov

Impact 3 · · The Motley Fool

6 Nov

Impact 3 · · Investing.com
Impact 3 · · Simply Wall St.
Impact 3 · · TheStreet

5 Nov

Impact 4 · · Simply Wall St.
Impact 3 · · Benzinga
Impact 3 · · GlobeNewswire
Impact 3 · · GuruFocus.com
Impact 3 · · GuruFocus.com
Impact 3 · · TIKR
Impact 3 · · 24/7 Wall St.
Impact 3 · · axios.com
Impact 3 · · GlobeNewswire
Impact 3 · · MT Newswires
Impact 3 · · Benzinga
Impact 3 · · LA Times
Impact 3 · · The Motley Fool
Impact 3 · · verdict.co.uk
Impact 3 · · The Motley Fool

4 Nov

Impact 4 · · Zacks
Impact 3 · · Stocktwits
Impact 3 · · Bloomberg
Impact 3 · · TIKR
Impact 3 · · GuruFocus.com
Impact 3 · · Zacks
Impact 3 · · GuruFocus.com
Impact 3 · · Zacks
Impact 3 · · Simply Wall St.
Impact 3 · · Stocktwits
Impact 3 · · Investing.com

SPCX metrics, ten years each

stockrow.com/SPCX · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com