Firefly Aerospace (FLY) Gross Margin (2024 - 2026)
Firefly Aerospace (FLY) posted Gross Margin of 21.59% for Q1 2026, down 21.99% on a QoQ basis from 27.67% in Q4 2025, and up 1761.0% year-over-year from 1.16% in Q1 2025.
Firefly Aerospace (FLY) Gross Margin (2024 - 2026) Analysis & Trends
Firefly Aerospace's Gross Margin history runs 3 years deep, the most recent figure standing at 21.59% for 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 was 21.59% for Q1 2026 at Firefly Aerospace, down from 27.67% 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.
- A 3-year average of 8.49% and a median of 23.64% in 2026 frame the typical range for Gross Margin.
- Peak annual rise in Gross Margin reached 25088 bps in 2025, while the deepest fall reached 715 bps in 2025.
- Firefly Aerospace's Gross Margin stood at 223.2% in 2024, then surged by 112 bps to 27.67% in 2025, then declined by 22 bps to 21.59% in 2026.
- Business Quant data shows FLY's Gross Margin at 21.59% in Q1 2026, 27.67% in Q4 2025, and 27.58% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 373.11 Bn | 363.77 Bn | -3.10 Bn | -433.85% |
| 2 | Rtx | 288.23 Bn | 279.93 Bn | 9.91 Bn | 40.09% |
| 3 | Boeing | 167.89 Bn | 147.87 Bn | 2.41 Bn | 9.83% |
| 4 | Lockheed Martin | 132.16 Bn | 128.37 Bn | 2.45 Bn | 12.19% |
| 5 | Howmet Aerospace | 112.88 Bn | 110.45 Bn | 854.00 Mn | 36.92% |
| 6 | General Dynamics | 102.49 Bn | 98.16 Bn | 6.76 Bn | 47.94% |
| 7 | Northrop Grumman | 75.87 Bn | 73.56 Bn | 3.72 Bn | 34.21% |
| 8 | TransDigm | 72.49 Bn | 68.61 Bn | 1.51 Bn | 59.39% |
| 9 | L3Harris Technologies | 50.89 Bn | 50.30 Bn | 1.40 Bn | 24.41% |
| 10 | Firefly Aerospace | 3.15 Bn | 2.60 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% |