Virgin Galactic Holdings (SPCE) FCF Margin (2018 - 2025)
Virgin Galactic Holdings (SPCE) recorded FCF Margin of -30329.49% in Q4 2025, down 3116.43 percentage points from -27213.05% a year earlier and down 798.80 percentage points from the prior quarter.
Virgin Galactic Holdings (SPCE) FCF Margin (2018 - 2025) Analysis & Trends
For FY2025, Virgin Galactic Holdings reported FCF Margin of -28379.99%, down 21635.27 percentage points from FY2024.
- Annual FCF Margin has a five-year change of +76813.29 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at -6744.71% in FY2024 (+497.96 pp), -7242.68% in FY2023 (+9916.93 pp), -17159.60% in FY2022 (-10008.99 pp) and -7150.61% in FY2021 (+98042.67 pp).
- The Q4 2025 figure is the lowest quarterly FCF Margin since Q1 2023.
- On a year-over-year basis, FCF Margin has declined for six consecutive quarters, with an average year-over-year change of -7699.18 percentage points over the last eight quarters.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 32152.87 percentage points in Q4 2022, against a drop of 25340.59 percentage points in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at -29530.68% (Q3 2025), -28031.28% (Q2 2025) and -26456.62% (Q1 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 324.09 Bn | 278.09 Bn | 4.68 Bn | 21.90% |
| 2 | Rtx | 250.22 Bn | 223.44 Bn | 5.13 Bn | 11.65% |
| 3 | Boeing | 147.08 Bn | 53.78 Bn | 2.41 Bn | 2.57% |
| 4 | Lockheed Martin | 117.51 Bn | 104.24 Bn | 2.45 Bn | 14.54% |
| 5 | Howmet Aerospace | 90.46 Bn | 86.07 Bn | 951.00 Mn | 18.81% |
| 6 | General Dynamics | 89.77 Bn | 76.88 Bn | 2.18 Bn | 11.68% |
| 7 | Motorola Solutions | 73.88 Bn | 70.24 Bn | 1.68 Bn | 13.21% |
| 8 | Northrop Grumman | 68.68 Bn | 57.92 Bn | 2.12 Bn | 8.99% |
| 9 | Honeywell International | 66.86 Bn | 19.30 Bn | 3.65 Bn | 9.89% |
| 10 | Virgin Galactic Holdings | 331.16 Mn | 331.16 Mn | -28.05 Mn | - |
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -30,329.49% |
| Sep 30, 2025 | -29,530.68% |
| Jun 30, 2025 | -28,031.28% |
| Mar 31, 2025 | -26,456.62% |
| Dec 31, 2024 | -27,213.05% |
| Sep 30, 2024 | -29,344.78% |
| Jun 30, 2024 | -2,690.69% |
| Mar 31, 2024 | -6,362.77% |
| Dec 31, 2023 | -4,046.89% |
| Sep 30, 2023 | -6,066.09% |
| Jun 30, 2023 | -7,224.32% |
| Mar 31, 2023 | -35,417.35% |
| Dec 31, 2022 | -15,584.00% |
| Sep 30, 2022 | -13,305.22% |
| Jun 30, 2022 | -25,610.64% |
| Mar 31, 2022 | -21,261.44% |
| Dec 31, 2021 | -47,736.88% |
| Sep 30, 2021 | -2,053.10% |
| Jun 30, 2021 | -11,476.53% |
| Mar 31, 2020 | -25,356.72% |
Virgin Galactic Holdings FCF 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=fcf-margin&ticker=SPCE&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "SPCE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=SPCE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();