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) Net margin

Alert me on Net margin

Space Exploration Technologies Corp.'s net margin over the twelve months to 30 September 2026 was −10.7%, up 15.7 percentage points from fiscal 2025 (−26.4%). That is below the Aerospace & Defense industry median of 2.74% and below the Industrials sector median of 2.52%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 −26.4% (26.57)
FY2024 0.13% 44.69
FY2023 −44.6% —

Quarterly newest first

Period Net margin Change (points)
Sep 2026 30.2% 37.14
Jun 2026 −6.92% 98.47
Mar 2026 −105.4% (58.07)
Dec 2025 −47.3% (28.42)
3 more quarters

Net margin against peers

Company Net margin
HWM Howmet Aerospace Inc. compare 21.1%
TDG Transdigm Group Incorporated compare 19.1%
GE GE Aerospace compare 17.3%
NOC Northrop Grumman Corporation compare 10.4%
RTX RTX Corporation compare 8.75%
GD General Dynamics Corporation compare 8.24%
LMT Lockheed Martin Corporation compare 8.23%
BA The Boeing Company compare 7.70%
SPCX Space Exploration Technologies Corp. −10.7%
Aerospace & Defense industry median 2.74%
Industrials sector median 2.52%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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