Firefly Aerospace (FLY) Gross Margin (2024 - 2026)
Firefly Aerospace (FLY) reported Gross Margin of 20.29% for Q2 2026, down 5.41 percentage points from 25.69% a year earlier and down 1.30 percentage points from the prior quarter.
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Analysis
Firefly Aerospace (FLY) Gross Margin (2024 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Firefly Aerospace's Gross Margin came in at 22.92%, up 28.93 percentage points year-over-year; for FY2025, it was 19.18%, up 37.88 percentage points from FY2024.
- By year, Gross Margin came in at -18.69% in FY2024 (-66.85 pp) and 48.16% in FY2023.
- The Q2 2026 figure ranks as the lowest quarterly Gross Margin since Q1 2025.
- Year over year, Gross Margin gained in three of the last five quarters, with an average year-over-year change of +53.52 percentage points.
- Per Business Quant data, the three quarters before Q2 2026 came in at 21.59% (Q1 2026), 27.67% (Q4 2025) and 27.58% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 324.09 Bn | 278.09 Bn | 4.68 Bn | 35.03% |
| 2 | Rtx | 250.22 Bn | 223.44 Bn | 5.13 Bn | 20.77% |
| 3 | Boeing | 147.08 Bn | 53.78 Bn | 2.41 Bn | 9.83% |
| 4 | Lockheed Martin | 117.51 Bn | 104.24 Bn | 2.45 Bn | 12.19% |
| 5 | Howmet Aerospace | 90.46 Bn | 86.07 Bn | 951.00 Mn | 37.34% |
| 6 | General Dynamics | 89.77 Bn | 76.88 Bn | 2.18 Bn | 15.49% |
| 7 | Motorola Solutions | 73.88 Bn | 70.24 Bn | 1.68 Bn | 53.56% |
| 8 | Northrop Grumman | 68.68 Bn | 57.92 Bn | 2.12 Bn | 19.50% |
| 9 | Honeywell International | 66.86 Bn | 19.30 Bn | 3.65 Bn | 37.59% |
| 10 | Firefly Aerospace | 3.85 Bn | 772.67 Mn | 23.88 Mn | 20.29% |
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% |
API Access
Firefly Aerospace Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=FLY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "FLY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=FLY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();