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

132.51 8.89 +7.19%
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) Free cash flow margin

Alert me on Free cash flow margin

Space Exploration Technologies Corp.'s free cash flow margin over the twelve months to 30 September 2026 was −122.6%, down 47.0 percentage points from fiscal 2025 (−75.6%). That is below the Aerospace & Defense industry median of 0.00% and below the Industrials sector median of 2.06%.

Free cash flow margin, annual

Embed this chart

Annual newest first

Period Free cash flow margin Change (points)
FY2025 −75.6% (37.18)
FY2024 −38.4% (39.45)
FY2023 1.01% —

Free cash flow margin against peers

Company Free cash flow margin
HWM Howmet Aerospace Inc. compare 22.2%
TDG Transdigm Group Incorporated compare 19.3%
GE GE Aerospace compare 15.7%
LMT Lockheed Martin Corporation compare 10.6%
GD General Dynamics Corporation compare 10.2%
NOC Northrop Grumman Corporation compare 9.64%
RTX RTX Corporation compare 9.51%
BA The Boeing Company compare 0.12%
SPCX Space Exploration Technologies Corp. −122.6%
Aerospace & Defense industry median 0.00%
Industrials sector median 2.06%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

More on SPCX