Virgin Galactic Holdings (SPCE) Return on Capital Employed (2018 - 2025)
Virgin Galactic Holdings' (SPCE) quarterly Return on Capital Employed came in at 46.09% in Q4 2025, down 119.0% year-on-year from 242.6% in Q4 2024, and down 7.7% quarter-over-quarter from 42.8% in Q3 2025.
Virgin Galactic Holdings (SPCE) Return on Capital Employed (2018 - 2025) Analysis & Trends
Virgin Galactic Holdings has disclosed Return on Capital Employed across 8 years of filings, most recently posting 46.09% for Q4 2025.
- Return on Capital Employed for Q4 2025 came in at 46.09%, down 119.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 46.09% (down 119.0% YoY), and the FY2025 annual result was 42.41%, down 148.0% from the prior year.
- Return on Capital Employed came in at 46.09% for Q4 2025 at Virgin Galactic Holdings, down from 42.8% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 30.88% in Q1 2022 to a low of 66.71% in Q2 2023.
- The 5-year median for Return on Capital Employed is 45.52% (2021), against an average of 46.26%.
- Across the five-year window, Return on Capital Employed soared 1911 bps in 2022 and plunged 3503 bps in 2023, its largest moves.
- Virgin Galactic Holdings' Return on Capital Employed stood at 33.23% in 2021, then tumbled by 48 bps to 49.23% in 2022, then declined by 4 bps to 51.2% in 2023, then grew by 12 bps to 44.9% in 2024, then slipped by 3 bps to 46.09% in 2025.
- The last three Return on Capital Employed figures came in at 46.09% (Q4 2025), 42.8% (Q3 2025), and 43.29% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | DEFSEC Technologies | 5,720.56 Bn | 5,720.56 Bn | 456,459.43 | -265.55% |
| 2 | General Electric | 359.38 Bn | 348.64 Bn | 9.11 Bn | -9.24% |
| 3 | Rtx | 248.80 Bn | 243.70 Bn | 9.08 Bn | 8.75% |
| 4 | Boeing | 180.64 Bn | 159.74 Bn | 2.55 Bn | 7.00% |
| 5 | Lockheed Martin | 121.64 Bn | 119.74 Bn | 2.08 Bn | 19.82% |
| 6 | Howmet Aerospace | 108.46 Bn | 106.03 Bn | 854.00 Mn | 23.50% |
| 7 | General Dynamics | 96.96 Bn | 93.31 Bn | 9.09 Bn | 14.01% |
| 8 | Embraer | 95.73 Bn | 93.11 Bn | - | - |
| 9 | Northrop Grumman | 77.30 Bn | 75.21 Bn | 3.45 Bn | 6.49% |
| 10 | Virgin Galactic Holdings | 181.91 Mn | 181.91 Mn | -17.93 Mn | -46.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -46.09% |
| Sep 30, 2025 | -42.80% |
| Jun 30, 2025 | -43.29% |
| Mar 31, 2025 | -44.87% |
| Dec 31, 2024 | -44.90% |
| Sep 30, 2024 | -46.39% |
| Jun 30, 2024 | -49.54% |
| Mar 31, 2024 | -50.07% |
| Dec 31, 2023 | -51.20% |
| Sep 30, 2023 | -55.54% |
| Jun 30, 2023 | -66.71% |
| Mar 31, 2023 | -63.85% |
| Dec 31, 2022 | -49.23% |
| Sep 30, 2022 | -39.14% |
| Jun 30, 2022 | -31.69% |
| Mar 31, 2022 | -30.88% |
| Dec 31, 2021 | -33.23% |
| Sep 30, 2021 | -39.96% |
| Jun 30, 2021 | -50.79% |
| Mar 31, 2021 | -44.94% |