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

132.15 8.53 +6.90%
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) Gross margin

Alert me on Gross margin

Space Exploration Technologies Corp.'s gross margin over the twelve months to 30 September 2026 was 56.7%, up 7.4 percentage points from fiscal 2025 (49.4%). That is above the Aerospace & Defense industry median of 26.4% and above the Industrials sector median of 30.6%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 49.4% 6.44
FY2024 43.0% 1.77
FY2023 41.2% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 62.4% 7.15
Jun 2026 55.3% 6.14
Mar 2026 49.1% (0.43)
Dec 2025 49.6% (1.93)
3 more quarters

Gross margin against peers

Company Gross margin
TDG Transdigm Group Incorporated compare 59.6%
SPCX Space Exploration Technologies Corp. 56.7%
HWM Howmet Aerospace Inc. compare 36.6%
GE GE Aerospace compare 35.2%
RTX RTX Corporation compare 21.1%
NOC Northrop Grumman Corporation compare 20.0%
GD General Dynamics Corporation compare 15.4%
LMT Lockheed Martin Corporation compare 11.7%
BA The Boeing Company compare 9.42%
Aerospace & Defense industry median 26.4%
Industrials sector median 30.6%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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