Firefly Aerospace (FLY) Gross Margin (2024 - 2026)
Firefly Aerospace's (FLY) quarterly Gross Margin came in at 21.59% in Q1 2026, up 1761.0% YoY from 1.16% in Q1 2025, and down 21.99% on a QoQ basis from 27.67% in Q4 2025.
Firefly Aerospace (FLY) Gross Margin (2024 - 2026) Analysis & Trends
Firefly Aerospace (FLY) has 3 years of Gross Margin data on file, last reported at 21.59% in Q1 2026.
- Quarterly Gross Margin rose 1761.0% year-over-year to 21.59% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 24.83% (up 3150.0% YoY) and the FY2025 annual result came in at 19.18%, up 3788.0% from the prior year.
- Gross Margin retreated to 21.59% in Q1 2026, from 27.67% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 34.74% in Q3 2024 to a low of 223.2% in Q4 2024.
- A 3-year average of 8.49% and a median of 23.64% in 2026 frame the typical range for Gross Margin.
- The widest YoY moves for Gross Margin: up 25088 bps in 2025, down 715 bps in 2025.
- Tracing FLY's Gross Margin over 3 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 358.52 Bn | 349.17 Bn | 6.95 Bn | 52.07% |
| 2 | Rtx | 287.21 Bn | 278.91 Bn | 9.91 Bn | 40.09% |
| 3 | Boeing | 170.11 Bn | 150.08 Bn | 2.41 Bn | 9.83% |
| 4 | Lockheed Martin | 131.49 Bn | 127.70 Bn | 2.45 Bn | 12.19% |
| 5 | Howmet Aerospace | 109.12 Bn | 108.56 Bn | 951.00 Mn | 37.34% |
| 6 | General Dynamics | 104.21 Bn | 99.88 Bn | 6.76 Bn | 47.94% |
| 7 | Northrop Grumman | 80.06 Bn | 77.76 Bn | 3.72 Bn | 34.21% |
| 8 | TransDigm | 67.85 Bn | 65.08 Bn | 1.63 Bn | 59.39% |
| 9 | L3Harris Technologies | 50.31 Bn | 48.79 Bn | 1.50 Bn | 25.54% |
| 10 | Firefly Aerospace | 3.82 Bn | 3.01 Bn | 23.88 Mn | 20.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.29% |
| 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% |