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
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%