Firefly Aerospace (FLY) Gross Margin (2024 - 2026)
Firefly Aerospace posted quarterly Gross Margin of 21.59% for Q1 2026, up 1761.0% year-on-year from 1.16% in Q1 2025, and down 21.99% on a QoQ basis from 27.67% in Q4 2025.
Firefly Aerospace (FLY) has 3 years of Gross Margin data on file, last reported 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.
- Across five years, Gross Margin topped out at 34.74% in Q3 2024 and bottomed at 223.2% in Q4 2024.
- The 3-year median for Gross Margin is 23.64% (2026), against an average of 8.49%.
- Peak annual rise in Gross Margin reached 25088 bps in 2025, while the deepest fall reached 715 bps in 2025.
- A 3-year view of Gross Margin shows it stood at 223.2% in 2024, then jumped by 112 bps to 27.67% in 2025, then dropped 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 | General Electric | 316.77 Bn | 306.03 Bn | 9.11 Bn | 73.52% |
| 2 | Rtx | 238.61 Bn | 233.51 Bn | 9.08 Bn | 41.11% |
| 3 | Boeing | 172.59 Bn | 151.68 Bn | 2.55 Bn | 11.46% |
| 4 | Lockheed Martin | 122.59 Bn | 120.70 Bn | 2.08 Bn | 11.53% |
| 5 | Howmet Aerospace | 102.88 Bn | 100.44 Bn | 854.00 Mn | 36.92% |
| 6 | General Dynamics | 92.64 Bn | 88.99 Bn | 9.09 Bn | 67.40% |
| 7 | Rocket Lab | 82.19 Bn | 80.92 Bn | 76.49 Mn | 38.18% |
| 8 | Northrop Grumman | 78.95 Bn | 76.86 Bn | 3.45 Bn | 34.90% |
| 9 | TransDigm | 70.63 Bn | 66.75 Bn | 1.51 Bn | 59.39% |
| 10 | Firefly Aerospace | 7.90 Bn | 7.35 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% |