Virgin Galactic Holdings (SPCE) Return on Capital Employed (2018 - 2025)
Virgin Galactic Holdings (SPCE) posted Return on Capital Employed of 46.09% for Q4 2025, down 7.7% sequentially from 42.8% in Q3 2025, and down 119.0% YoY from 242.6% in Q4 2024.
Virgin Galactic Holdings (SPCE) Return on Capital Employed (2018 - 2025) Analysis & Trends
Virgin Galactic Holdings (SPCE) has 8 years of Return on Capital Employed data on file, last reported at 46.09% in Q4 2025.
- Quarterly Return on Capital Employed fell 119.0% year-over-year to 46.09% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 46.09% (down 119.0% YoY) and the FY2025 annual result came in at 42.41%, down 148.0% from the prior year.
- Return on Capital Employed slipped to 46.09% in Q4 2025 per SPCE's latest filing, from 42.8% in the prior quarter.
- The five-year high for Return on Capital Employed was 30.88% in Q1 2022, with the low at 66.71% in Q2 2023.
- Average Return on Capital Employed over 5 years is 46.26%, with a median of 45.52% recorded in 2021.
- Year-over-year, Return on Capital Employed jumped 1911 bps in 2022 and slumped 3503 bps in 2023.
- Virgin Galactic Holdings' Return on Capital Employed stood at 33.23% in 2021, then plunged by 48 bps to 49.23% in 2022, then decreased by 4 bps to 51.2% in 2023, then gained by 12 bps to 44.9% in 2024, then fell by 3 bps to 46.09% in 2025.
- Business Quant data shows SPCE's Return on Capital Employed at 46.09% in Q4 2025, 42.8% in Q3 2025, and 43.29% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Boeing | 1,106.33 Bn | 1,085.43 Bn | 2.55 Bn | 7.00% |
| 2 | Rtx | 258.51 Bn | 253.40 Bn | 9.08 Bn | 8.75% |
| 3 | General Dynamics | 174.86 Bn | 171.21 Bn | 9.09 Bn | 14.01% |
| 4 | Lockheed Martin | 119.99 Bn | 118.10 Bn | 2.08 Bn | 19.82% |
| 5 | Howmet Aerospace | 107.26 Bn | 104.82 Bn | 854.00 Mn | 23.50% |
| 6 | TransDigm | 76.18 Bn | 72.30 Bn | 1.51 Bn | 19.95% |
| 7 | Northrop Grumman | 73.88 Bn | 71.79 Bn | 3.45 Bn | 6.49% |
| 8 | Rocket Lab | 60.59 Bn | 59.31 Bn | 76.49 Mn | -10.40% |
| 9 | L3Harris Technologies | 54.60 Bn | 54.60 Bn | 1.40 Bn | 12.10% |
| 10 | Virgin Galactic Holdings | 143.99 Mn | 143.99 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% |