Firefly Aerospace (FLY) Operating Margin (2024 - 2026)
Firefly Aerospace (FLY) recorded Operating Margin of -80.89% in Q2 2026, up 268.65 percentage points from -349.54% a year earlier and up 37.39 percentage points from the prior quarter.
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Analysis
Firefly Aerospace (FLY) Operating Margin (2024 - 2026) Analysis & Trends
On a TTM basis, Firefly Aerospace's Operating Margin came in at -117.99% as of Jun 30, 2026, up 100.19 percentage points year-over-year; for FY2025, it came in at -163.08%, up 181.46 percentage points from FY2024.
- Across earlier years, Operating Margin came in at -344.54% in FY2024 (-105.79 pp) and -238.75% in FY2023.
- The Q2 2026 figure is the highest quarterly Operating Margin in data going back to Q2 2024.
- On a year-over-year basis, Operating Margin rose in two of the last five quarters, with an average year-over-year change of +158.96 percentage points.
- Per Business Quant, the preceding three quarters came in at -118.29% (Q1 2026), -148.42% (Q4 2025) and -202.07% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Space Exploration Technologies | 1,943.02 Bn | 1,704.73 Bn | 9.10 Bn | 19.15% |
| 2 | General Electric | 349.37 Bn | 308.11 Bn | 5.02 Bn | -1.26% |
| 3 | Rtx | 270.29 Bn | 240.28 Bn | 5.81 Bn | 13.37% |
| 4 | Lockheed Martin | 139.31 Bn | 123.54 Bn | 2.44 Bn | 11.80% |
| 5 | Boeing | 137.40 Bn | 46.38 Bn | 2.17 Bn | 1.46% |
| 6 | General Dynamics | 99.29 Bn | 84.52 Bn | 2.25 Bn | 10.48% |
| 7 | Motorola Solutions | 87.28 Bn | 83.77 Bn | 1.77 Bn | 23.02% |
| 8 | Howmet Aerospace | 87.15 Bn | 82.91 Bn | 1.00 Bn | 28.75% |
| 9 | Northrop Grumman | 77.96 Bn | 65.41 Bn | 2.35 Bn | 11.41% |
| 10 | Firefly Aerospace | 4.07 Bn | 1.46 Bn | 25.30 Mn | -91.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -91.77% |
| Jun 30, 2026 | -80.89% |
| Mar 31, 2026 | -118.29% |
| Dec 31, 2025 | -148.42% |
| Sep 30, 2025 | -202.07% |
| Jun 30, 2025 | -349.54% |
| Mar 31, 2025 | -104.81% |
| Dec 31, 2024 | -854.75% |
| Sep 30, 2024 | -152.86% |
| Jun 30, 2024 | -232.07% |
API Access
Firefly Aerospace Operating 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=operating-margin&ticker=FLY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=FLY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();