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
DateValue
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%