Virgin Galactic Holdings (SPCE) Return on Capital Employed (2018 - 2025)
Virgin Galactic Holdings recorded quarterly Return on Capital Employed of 46.09% in Q4 2025, down 7.7% quarter-over-quarter from 42.8% in Q3 2025, and down 119.0% year-over-year from 242.6% in Q4 2024.
Virgin Galactic Holdings' Return on Capital Employed history runs 8 years deep, the most recent figure standing at 46.09% for Q4 2025.
- In Q4 2025, Return on Capital Employed fell 119.0% year-over-year to 46.09%; the TTM figure through Dec 2025 stood at 46.09% (down 119.0% YoY), while the FY2025 annual figure 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.
- A 5-year average of 46.26% and a median of 45.52% in 2021 frame the typical range for Return on Capital Employed.
- Across the five-year window, Return on Capital Employed jumped 1911 bps in 2022 and tumbled 3503 bps in 2023, its largest moves.
- Virgin Galactic Holdings' Return on Capital Employed stood at 33.23% in 2021, then slumped by 48 bps to 49.23% in 2022, then fell by 4 bps to 51.2% in 2023, then increased by 12 bps to 44.9% in 2024, then dropped by 3 bps to 46.09% in 2025.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 46.09%, 42.8%, and 43.29% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 316.77 Bn | 306.03 Bn | 9.11 Bn | -9.24% |
| 2 | Rtx | 238.61 Bn | 233.51 Bn | 9.08 Bn | 8.75% |
| 3 | Boeing | 172.59 Bn | 151.68 Bn | 2.55 Bn | 7.00% |
| 4 | Lockheed Martin | 122.59 Bn | 120.70 Bn | 2.08 Bn | 19.82% |
| 5 | Howmet Aerospace | 102.88 Bn | 100.44 Bn | 854.00 Mn | 23.50% |
| 6 | General Dynamics | 92.64 Bn | 88.99 Bn | 9.09 Bn | 14.01% |
| 7 | Rocket Lab | 82.19 Bn | 80.92 Bn | 76.49 Mn | -10.40% |
| 8 | Northrop Grumman | 78.95 Bn | 76.86 Bn | 3.45 Bn | 6.49% |
| 9 | TransDigm | 70.63 Bn | 66.75 Bn | 1.51 Bn | 19.95% |
| 10 | Virgin Galactic Holdings | 166.02 Mn | 166.02 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% |
| Dec 31, 2020 | -38.25% |
| Sep 30, 2020 | -48.90% |
| Jun 30, 2020 | -61.59% |
| Mar 31, 2020 | -49.91% |
| Dec 31, 2019 | -40.58% |
| Sep 30, 2019 | -44.37% |
| Jun 30, 2019 | -35.83% |
| Mar 31, 2019 | -48.56% |
| Dec 31, 2018 | -51.87% |
| Sep 30, 2018 | -0.26% |
| Jun 30, 2018 | -0.27% |
| Mar 31, 2018 | -0.19% |