Firefly Aerospace (FLY) Gross Margin (2024 - 2026)
Firefly Aerospace's (FLY) quarterly Gross Margin came in at 20.29% in Q2 2026, down 541.0% on a YoY basis from 4.6% in Q2 2025, and down 6.03% quarter-over-quarter from 21.59% in Q1 2026.
Analysis
Firefly Aerospace (FLY) Gross Margin (2024 - 2026) Analysis & Trends
Firefly Aerospace (FLY) has reported Gross Margin for 3 consecutive years, with 20.29% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 541.0% year-over-year to 20.29%; the trailing twelve-month figure through Jun 2026 stood at 22.92% (up 2893.0% YoY), and the FY2025 full-year result was 19.18%, up 3788.0% from the prior year.
- Gross Margin eased to 20.29% in Q2 2026 per FLY's latest filing, from 21.59% in the prior quarter.
- Across five years, Gross Margin topped out at 34.74% in Q3 2024 and bottomed at 223.2% in Q4 2024.
- Historically, Gross Margin has averaged 5.29% across 3 years, with a median of 21.59% 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 surged by 112 bps to 27.67% in 2025, then fell by 27 bps to 20.29% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 20.29%, 21.59%, and 27.67% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Lab | 38.44 Bn | 36.14 Bn | 84.58 Mn | 36.13% |
| 2 | Firefly Aerospace | 3.60 Bn | 2.79 Bn | 23.88 Mn | 20.29% |
| 3 | Intuitive Machines | 3.34 Bn | 4.15 Bn | 35.87 Mn | 17.40% |
| 4 | Redwire | 2.62 Bn | 2.07 Bn | 32.54 Mn | 27.80% |
| 5 | Virgin Galactic Holdings | 336.70 Mn | 336.70 Mn | -28.05 Mn | -20,931.34% |
| 6 | Sidus Space | 209.29 Mn | 42.77 Mn | -629,723.00 | -108.00% |
| 7 | Starfighters Space | 153.64 Mn | 153.64 Mn | - | - |
| 8 | Momentus | 49.69 Mn | -58.02 Mn | 25,000.00 | 83.33% |
| 9 | Helio | 40.14 Mn | 39.67 Mn | 122,607.00 | 26.81% |
Historic Data
Download Data
Historic 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% |