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Redwire Corporation (RDW) 10-Year Financial Performance & Capital Metrics

RDW • • Industrial / General
IndustrialsAerospace & DefenseSpace Systems & Launch ServicesSpacecraft & Satellite Systems
AboutRedwire Corporation, a space infrastructure company, develops, manufactures, and sells mission critical space solutions and components for national security, civil, and commercial space markets in the United States, Luxembourg, Germany, South Korea, Poland, and internationally. The company provides various antennas; and advanced sensors and components, which include solar arrays, composite booms, radio frequency antennas, payload adapters, space-qualifies camera systems, and star trackers and sun sensors. It also sells a proprietary enterprise software suite that enables digital engineering and generation of interactive modeling and simulations of individual components, entire spacecraft, and full constellations in a cloud-based Software as a Service business model. In addition, the company offers on-orbit servicing, assembly, and manufacturing solutions; and low-earth orbit commercialization, digitally engineered spacecraft, and space domain awareness and resiliency technology solutions. Redwire Corporation is headquartered in Jacksonville, Florida.Show more
  • Revenue $304M +24.7%
  • EBITDA -$31M -532.4%
  • Net Income -$114M -319.3%
  • EPS (Diluted) -2.35 -221.9%
  • Gross Margin 14.62% -38.5%
  • EBITDA Margin -10.03% -407.0%
  • Operating Margin -13.88% -117.6%
  • Net Margin -37.59% -236.2%
  • ROE -24959.61% -56073.6%
  • ROIC -36.72% -317.3%
  • Debt/Equity -
  • Interest Coverage -3.13 -115.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 74.1%
  • ✓Efficient asset utilization: 1.0x turnover

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y74.1%
3Y30.26%
TTM-0.63%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-275.67%

EPS CAGR

10Y-
5Y-
3Y-
TTM-252.33%

ROCE

10Y Avg-64.47%
5Y Avg-34.37%
3Y Avg-38.66%
Latest-27.9%

Peer Comparison

Spacecraft & Satellite Systems
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
KRMNKarman Holdings Inc.14.22B107.501118.6322.99%2.65%3.07%0.08%2.29
SPCEVirgin Galactic Holdings, Inc.233.28M3.19-0.233.47%-176.16%-129.53%1.30
SIDUSidus Space, Inc.222.26M3.41-0.95-21.64%-6.55%-99.03%0.43
LUNRIntuitive Machines, Inc.2.29B19.20-4.15186.72%-94.7%-85.57%9.53
RDWRedwire Corporation1.76B10.66-4.5424.73%-70.32%-22.44%
VOYGVoyager Technologies, Inc.1.72B32.61-22.655.97%-59.62%-14.46%1.64
PLPlanet Labs PBC7.44B25.44-60.5710.72%-34.46%-20.76%0.05

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+19.01M57.44M137.6M160.55M243.8M304.1M
Revenue Growth %-2.02%1.4%0.17%0.52%0.25%
Cost of Goods Sold+15.02M45.3M108.22M131.85M185.83M259.65M
COGS % of Revenue0.79%0.79%0.79%0.82%0.76%0.85%
Gross Profit+3.99M12.14M29.38M28.7M57.97M44.45M
Gross Margin %0.21%0.21%0.21%0.18%0.24%0.15%
Gross Profit Growth %-2.04%1.42%-0.02%1.02%-0.23%
Operating Expenses+7.21M20.76M99.56M175.14M73.52M86.66M
OpEx % of Revenue0.38%0.36%0.72%1.09%0.3%0.28%
Selling, General & Admin018.36M68.44M70.34M68.53M71.42M
SG&A % of Revenue-0.32%0.5%0.44%0.28%0.23%
Research & Development890K2.4M4.52M4.94M4.98M6.13M
R&D % of Revenue0.05%0.04%0.03%0.03%0.02%0.02%
Other Operating Expenses6.32M-39.66K26.61M99.86M13K9.11M
Operating Income+-3.22M-8.62M-70.19M-146.45M-15.55M-42.2M
Operating Margin %-0.17%-0.15%-0.51%-0.91%-0.06%-0.14%
Operating Income Growth %--1.68%-7.14%-1.09%0.89%-1.71%
EBITDA+-3.15M-5.46M-59.6M-135.16M-4.82M-30.51M
EBITDA Margin %-0.17%-0.09%-0.43%-0.84%-0.02%-0.1%
EBITDA Growth %--0.73%-9.93%-1.27%0.96%-5.32%
D&A (Non-Cash Add-back)66K3.17M10.58M11.29M10.72M11.69M
EBIT-3.22M-18.6M-43.58M-46.59M-15.54M-33.09M
Net Interest Income+107K21.45K-6.46M-8.22M-10.7M-13.48M
Interest Income107K1.17M0000
Interest Expense01.15M6.46M8.22M10.7M13.48M
Other Income/Expense-131K-11.13M-2.62M7.86M-12.2M-74.13M
Pretax Income+-3.35M-19.75M-72.81M-138.59M-27.75M-116.33M
Pretax Margin %-0.18%-0.34%-0.53%-0.86%-0.11%-0.38%
Income Tax+10K-4.04M-11.27M-7.97M-486K-2.02M
Effective Tax Rate %1%0.8%0.85%0.94%0.98%0.98%
Net Income+-3.36M-15.71M-61.54M-130.62M-27.26M-114.31M
Net Margin %-0.18%-0.27%-0.45%-0.81%-0.11%-0.38%
Net Income Growth %--3.68%-2.92%-1.12%0.79%-3.19%
Net Income (Continuing)-3.36M-15.71M-61.54M-130.62M-27.26M-114.31M
Discontinued Operations000000
Minority Interest000226K228K0
EPS (Diluted)+-0.06-0.26-0.98-2.03-0.73-2.35
EPS Growth %--3.62%-2.77%-1.07%0.64%-2.22%
EPS (Basic)-0.06-0.26-0.98-2.03-0.73-2.35
Diluted Shares Outstanding59.66M59.66M62.69M64.28M64.65M66.15M
Basic Shares Outstanding59.66M59.66M62.69M64.28M64.65M66.15M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+9.75M39.31M55.22M96.17M109.31M125.92M
Cash & Short-Term Investments9.29M22.08M20.52M28.32M30.28M49.07M
Cash Only9.29M22.08M20.52M28.32M30.28M49.07M
Short-Term Investments000000
Accounts Receivable238K15.79M28.7M58.45M70.01M65.61M
Days Sales Outstanding4.57100.3576.12132.89104.8178.75
Inventory0330K688K1.47M1.52M2.24M
Days Inventory Outstanding-2.662.324.072.983.15
Other Current Assets62K1.11M2.49M5.69M6.43M8.03M
Total Non-Current Assets+355K117.47M206.54M161.53M161.96M166.69M
Property, Plant & Equipment253K3.26M19.38M25.86M29.09M33.11M
Fixed Asset Turnover75.15x17.61x7.10x6.21x8.38x9.18x
Goodwill052.71M96.31M64.62M65.76M71.16M
Intangible Assets060.96M90.84M66.87M62.98M61.79M
Long-Term Investments0003.27M3.61M0
Other Non-Current Assets102K534K0909K511K557K
Total Assets+10.11M156.77M261.76M257.7M271.27M292.62M
Asset Turnover1.88x0.37x0.53x0.62x0.90x1.04x
Asset Growth %-14.51%0.67%-0.02%0.05%0.08%
Total Current Liabilities+8.61M33.56M51.24M94.74M112.04M149.34M
Accounts Payable1.65M7.16M13.13M17.58M18.57M32.13M
Days Payables Outstanding40.0357.6844.2948.6836.4845.16
Short-Term Debt208K2.9M3.68M3.58M1.38M1.27M
Deferred Revenue (Current)01000K1000K1000K1000K1000K
Other Current Liabilities6.71M378K1.57M3.67M2.36M19.73M
Current Ratio1.13x1.17x1.08x1.02x0.98x0.84x
Quick Ratio1.13x1.16x1.06x1.00x0.96x0.83x
Cash Conversion Cycle-45.3334.1688.2871.3136.74
Total Non-Current Liabilities+5.68M84.02M103.3M93.07M106.41M195.18M
Long-Term Debt3.1M76.64M74.87M74.75M86.84M124.46M
Capital Lease Obligations00013.25M13.44M14.42M
Deferred Tax Liabilities07.37M8.6M3.25M2.4M582K
Other Non-Current Liabilities2.58M6K19.83M1.82M3.73M55.71M
Total Liabilities14.29M117.58M154.53M187.81M218.44M344.53M
Total Debt+3.3M79.54M78.55M95.08M105.83M144.98M
Net Debt-5.99M57.47M58.03M66.77M75.56M95.91M
Debt / Equity-2.03x0.73x1.36x2.00x-
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage--7.51x-10.87x-17.82x-1.45x-3.13x
Total Equity+-4.18M39.2M107.22M69.89M52.83M-51.91M
Equity Growth %-10.37%1.74%-0.35%-0.24%-1.98%
Book Value per Share-0.070.661.711.090.82-0.78
Total Shareholders' Equity-4.18M39.2M107.22M69.66M52.6M-51.91M
Common Stock04K6K6K7K7K
Retained Earnings-13.2M-14.37M-75.91M-206.53M-233.79M-348.11M
Treasury Stock000-381K-951K-3.57M
Accumulated OCI-8K506K103K2.08M2.9M1.34M
Minority Interest000226K228K0

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+5.67M-12.49M-37.36M-31.66M1.23M-17.35M
Operating CF Margin %0.3%-0.22%-0.27%-0.2%0.01%-0.06%
Operating CF Growth %--3.2%-1.99%0.15%1.04%-15.09%
Net Income-3.36M-15.71M-61.54M-130.62M-27.26M-114.31M
Depreciation & Amortization66K3.17M10.58M11.29M10.72M11.69M
Stock-Based Compensation2.29M027.11M10.79M8.66M11.33M
Deferred Taxes-4.62M-3.66M-14.03M-8.24M-925K-1.8M
Other Non-Cash Items4.31M2.09M10.03M81.06M3.24M53.79M
Working Capital Changes2.35M1.62M-9.52M4.06M6.79M21.96M
Change in Receivables2.33M-2.6M-6.82M-5.83M-11M7.53M
Change in Inventory0-97K-195K-978K-44K-734K
Change in Payables0010.38M-1K-3.28M4.37M
Cash from Investing+-191K-85.57M-38.54M-37.38M-8.33M-7.2M
Capital Expenditures-191K-1.17M-2.86M-3.63M-5.62M-6.4M
CapEx % of Revenue0.01%0.02%0.02%0.02%0.02%0.02%
Acquisitions------
Investments------
Other Investing0-4.87M4.87M-526K-2.71M81K
Cash from Financing+818K124.07M74.21M76.56M9.06M43.72M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing046.08M73.99M-6.63M-1.8M4.42M
Net Change in Cash------
Free Cash Flow+5.47M-13.65M-40.22M-35.81M-7.1M-23.75M
FCF Margin %0.29%-0.24%-0.29%-0.22%-0.03%-0.08%
FCF Growth %--3.49%-1.95%0.11%0.8%-2.35%
FCF per Share0.09-0.23-0.64-0.56-0.11-0.36
FCF Conversion (FCF/Net Income)-1.69x0.80x0.61x0.24x-0.05x0.15x
Interest Paid0006.87M9.08M0
Taxes Paid000000

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)--89.72%-84.06%-147.5%-44.43%-24959.61%
Return on Invested Capital (ROIC)--14.95%-40.2%-72.76%-8.8%-36.72%
Gross Margin21.01%21.13%21.35%17.87%23.78%14.62%
Net Margin-17.66%-27.35%-44.72%-81.36%-11.18%-37.59%
Debt / Equity-2.03x0.73x1.36x2.00x-
Interest Coverage--7.51x-10.87x-17.82x-1.45x-3.13x
FCF Conversion-1.69x0.80x0.61x0.24x-0.05x0.15x
Revenue Growth-202.09%139.57%16.68%51.85%24.73%

Revenue by Geography

2021202220232024
Europe--70.81M153.76M
Europe Growth---117.13%
UNITED STATES133.31M142.87M172.9M150.13M
UNITED STATES Growth-7.17%21.02%-13.17%
Other Geographical Areas18K454K83K211K
Other Geographical Areas Growth-2422.22%-81.72%154.22%
NETHERLANDS-5.17M--
NETHERLANDS Growth----
LUXEMBOURG3.72M3.21M--
LUXEMBOURG Growth--13.78%--
ITALY-2.57M--
ITALY Growth----
GERMANY140K2.07M--
GERMANY Growth-1377.86%--
SPAIN-706K--
SPAIN Growth----
KOREA, REPUBLIC OF272K269K--
KOREA, REPUBLIC OF Growth--1.10%--
POLAND138K---
POLAND Growth----

Frequently Asked Questions

Growth & Financials

Redwire Corporation (RDW) reported $296.1M in revenue for fiscal year 2024. This represents a 1458% increase from $19.0M in 2019.

Redwire Corporation (RDW) grew revenue by 24.7% over the past year. This is strong growth.

Redwire Corporation (RDW) reported a net loss of $208.2M for fiscal year 2024.

Dividend & Returns

Redwire Corporation (RDW) has a return on equity (ROE) of -24959.6%. Negative ROE indicates the company is unprofitable.

Redwire Corporation (RDW) had negative free cash flow of $162.3M in fiscal year 2024, likely due to heavy capital investments.

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