Firefly Aerospace (FLY) Gross Margin (2024 - 2026)
Firefly Aerospace (FLY) reported Gross Margin of 21.59% for Q1 2026, up 1761.0% on a YoY basis from 1.16% in Q1 2025, and down 21.99% quarter-over-quarter from 27.67% in Q4 2025.
Firefly Aerospace (FLY) Gross Margin (2024 - 2026) Analysis & Trends
Firefly Aerospace has reported Gross Margin for 3 years, with the latest figure at 21.59% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 1761.0% year-over-year to 21.59%; the trailing twelve-month figure through Mar 2026 stood at 24.83% (up 3150.0% YoY), and the FY2025 full-year result was 19.18%, up 3788.0% from the prior year.
- Gross Margin for Q1 2026 stood at 21.59%, down from 27.67% in the prior quarter.
- The five-year high for Gross Margin was 34.74% in Q3 2024, with the low at 223.2% in Q4 2024.
- Historically, Gross Margin has averaged 8.49% across 3 years, with a median of 23.64% in 2026.
- The largest YoY upside for Gross Margin was 25088 bps in 2025 against a maximum downside of 715 bps in 2025.
- Firefly Aerospace's Gross Margin stood at 223.2% in 2024, then soared by 112 bps to 27.67% in 2025, then slipped by 22 bps to 21.59% in 2026.
- The last three Gross Margin figures came in at 21.59% (Q1 2026), 27.67% (Q4 2025), and 27.58% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DEFSEC Technologies | 5,720.56 Bn | 5,720.56 Bn | 456,459.43 | 29.53% |
| 2 | General Electric | 359.38 Bn | 348.64 Bn | 9.11 Bn | 73.52% |
| 3 | Rtx | 248.80 Bn | 243.70 Bn | 9.08 Bn | 41.11% |
| 4 | Boeing | 180.64 Bn | 159.74 Bn | 2.55 Bn | 11.46% |
| 5 | Lockheed Martin | 121.64 Bn | 119.74 Bn | 2.08 Bn | 11.53% |
| 6 | Howmet Aerospace | 108.46 Bn | 106.03 Bn | 854.00 Mn | 36.92% |
| 7 | General Dynamics | 96.96 Bn | 93.31 Bn | 9.09 Bn | 67.40% |
| 8 | Embraer | 95.73 Bn | 93.11 Bn | - | - |
| 9 | Northrop Grumman | 77.30 Bn | 75.21 Bn | 3.45 Bn | 34.90% |
| 10 | Firefly Aerospace | 5.33 Bn | 4.78 Bn | 17.46 Mn | 21.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.59% |
| Dec 31, 2025 | 27.67% |
| Sep 30, 2025 | 27.58% |
| Jun 30, 2025 | 25.69% |
| Mar 31, 2025 | 3.97% |
| Dec 31, 2024 | -223.20% |
| Sep 30, 2024 | 34.74% |
| Jun 30, 2024 | 14.01% |