Virgin Galactic Holdings (SPCE) Return on Capital Employed (2018 - 2026)
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 - 2026) Analysis & Trends
Virgin Galactic Holdings has reported Return on Capital Employed for 8 years, with the latest figure 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.
- Over five years, Return on Capital Employed peaked at 30.88% in Q1 2022 and troughed at 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.
- The sharpest annual moves came in 2022 and 2023: Return on Capital Employed surged 1911 bps in 2022, then plunged 3503 bps in 2023.
- Over 5 years, Return on Capital Employed stood at 33.23% in 2021, then tumbled by 48 bps to 49.23% in 2022, then retreated by 4 bps to 51.2% in 2023, then rose by 12 bps to 44.9% in 2024, then declined 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 358.52 Bn | 349.17 Bn | 6.95 Bn | -17.57% |
| 2 | Rtx | 287.21 Bn | 278.91 Bn | 9.91 Bn | 9.62% |
| 3 | Boeing | 170.11 Bn | 150.08 Bn | 2.41 Bn | 8.25% |
| 4 | Lockheed Martin | 131.49 Bn | 127.70 Bn | 2.45 Bn | 24.71% |
| 5 | Howmet Aerospace | 109.12 Bn | 108.56 Bn | 951.00 Mn | 22.99% |
| 6 | General Dynamics | 104.21 Bn | 99.88 Bn | 6.76 Bn | 13.87% |
| 7 | Northrop Grumman | 80.06 Bn | 77.76 Bn | 3.72 Bn | 6.30% |
| 8 | TransDigm | 67.85 Bn | 65.08 Bn | 1.63 Bn | 19.59% |
| 9 | L3Harris Technologies | 50.31 Bn | 48.79 Bn | 1.50 Bn | 12.00% |
| 10 | Virgin Galactic Holdings | 341.13 Mn | 341.13 Mn | -28.05 Mn | -42.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -42.42% |
| 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% |