Firefly Aerospace (FLY) Gross Margin (2024 - 2026)
Firefly Aerospace (FLY) posted Gross Margin of 21.59% for Q1 2026, down 21.99% quarter-over-quarter from 27.67% in Q4 2025, and up 1761.0% year-on-year from 1.16% in Q1 2025.
Firefly Aerospace (FLY) Gross Margin (2024 - 2026) Analysis & Trends
Firefly Aerospace (FLY) has reported Gross Margin for 3 consecutive years, with 21.59% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 21.59%, up 1761.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 24.83% (up 3150.0% YoY), and the FY2025 annual result was 19.18%, up 3788.0% from the prior year.
- Gross Margin was 21.59% for Q1 2026 at Firefly Aerospace, down from 27.67% in the prior quarter.
- Over five years, Gross Margin peaked at 34.74% in Q3 2024 and troughed at 223.2% in Q4 2024.
- Average Gross Margin over 3 years is 8.49%, with a median of 23.64% recorded in 2026.
- The widest YoY moves for Gross Margin: up 25088 bps in 2025, down 715 bps in 2025.
- Over 3 years, Gross Margin stood at 223.2% in 2024, then soared by 112 bps to 27.67% in 2025, then fell by 22 bps to 21.59% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 21.59% in Q1 2026, 27.67% in Q4 2025, and 27.58% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Boeing | 1,106.33 Bn | 1,085.43 Bn | 2.55 Bn | 11.46% |
| 2 | Rtx | 258.51 Bn | 253.40 Bn | 9.08 Bn | 41.11% |
| 3 | General Dynamics | 174.86 Bn | 171.21 Bn | 9.09 Bn | 67.40% |
| 4 | Lockheed Martin | 119.99 Bn | 118.10 Bn | 2.08 Bn | 11.53% |
| 5 | Howmet Aerospace | 107.26 Bn | 104.82 Bn | 854.00 Mn | 36.92% |
| 6 | TransDigm | 76.18 Bn | 72.30 Bn | 1.51 Bn | 59.39% |
| 7 | Northrop Grumman | 73.88 Bn | 71.79 Bn | 3.45 Bn | 34.90% |
| 8 | Rocket Lab | 60.59 Bn | 59.31 Bn | 76.49 Mn | 38.18% |
| 9 | L3Harris Technologies | 54.60 Bn | 54.60 Bn | 1.40 Bn | 24.41% |
| 10 | Firefly Aerospace | 4.53 Bn | 3.98 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% |