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
DateValue
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%