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) Operating margin

Alert me on Operating margin

Space Exploration Technologies Corp.'s operating margin over the twelve months to 30 September 2026 was −2.08%, up 11.8 percentage points from fiscal 2025 (−13.9%). That is below the Aerospace & Defense industry median of 3.69% and below the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −13.9% (17.19)
FY2024 3.33% 37.07
FY2023 −33.7% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 19.2% 20.98
Jun 2026 −1.83% 39.56
Mar 2026 −41.4% (13.71)
Dec 2025 −27.7% (22.78)
3 more quarters

Operating margin against peers

Company Operating margin
TDG Transdigm Group Incorporated compare 46.0%
HWM Howmet Aerospace Inc. compare 28.1%
GE GE Aerospace compare 23.6%
LMT Lockheed Martin Corporation compare 11.8%
RTX RTX Corporation compare 11.8%
NOC Northrop Grumman Corporation compare 10.6%
GD General Dynamics Corporation compare 10.4%
BA The Boeing Company compare 10.3%
SPCX Space Exploration Technologies Corp. −2.08%
Aerospace & Defense industry median 3.69%
Industrials sector median 5.21%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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