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

125.10 10.82 −7.96%
Market cap
$1.68T
P/E
0.0×
Fwd P/E
607×
Dividend yield
2.87%
F-score
n/a
Altman Z
n/a
Beneish M
−2.92
Dividend safety
n/a

Space Exploration Technologies Corp. (SPCX) Debt to equity

Alert me on Debt to equity

Space Exploration Technologies Corp.'s debt to equity at the end of the quarter to 30 September 2026 was 0.2×, down 8.7× from fiscal 2025 (8.9×). That is above the Aerospace & Defense industry median of 0.2× and below the Industrials sector median of 0.3×.

Debt to equity, annual

Embed this chart

Annual newest first

Period Debt to equity Change
FY2025 8.9× 213.74%
FY2024 2.8× —
FY2023 0.0× —

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.2× (28.99%)
Jun 2026 0.3× (64.70%)
Mar 2026 0.9× (90.15%)
Dec 2025 8.9× —
4 more quarters

Debt to equity against peers

Company Debt to equity
TDG Transdigm Group Incorporated compare −3.3×
SPCX Space Exploration Technologies Corp. 0.2×
GD General Dynamics Corporation compare 0.3×
RTX RTX Corporation compare 0.5×
HWM Howmet Aerospace Inc. compare 0.7×
NOC Northrop Grumman Corporation compare 0.8×
GE GE Aerospace compare 1.1×
LMT Lockheed Martin Corporation compare 2.0×
BA The Boeing Company compare 7.0×
Aerospace & Defense industry median 0.2×
Industrials sector median 0.3×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

More on SPCX