Firefly Aerospace Inc. (FLY) Financial Ratios
3 years of historical data (2023–2025) · Industrials · Aerospace & Defense
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
2.01
↑+54% vs avg
5yr avg: 1.30
30Y Low1.3·High1.3
ROE
-141.3%
+0% vs avg
5yr avg: -141.3%
30Y Low-141%·High-141%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FLY Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Firefly Aerospace Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Market Cap | $5.5B | $1.5B | — | — |
| Enterprise Value | $5.1B | $1.1B | — | — |
| P/E Ratio → | -7.15 | — | — | — |
| P/S Ratio | 34.63 | 9.68 | — | — |
| P/B Ratio | 2.01 | 1.30 | — | — |
| P/FCF | — | — | — | — |
| P/OCF | — | — | — | — |
P/E links to full P/E history page with 30-year chart
FLY EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| EV / Revenue | — | 6.65 | — | — |
| EV / EBITDA | — | — | — | — |
| EV / EBIT | — | — | — | — |
| EV / FCF | — | — | — | — |
FLY Profitability
Margins and return-on-capital ratios measuring operating efficiency
Firefly Aerospace Inc. earns an operating margin of -154.3%, below the Industrials sector average of 4.9%. Operating margins have expanded from -238.8% to -154.3% over the past 3 years, signaling improving operational efficiency. A negative ROE of -141.3% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Gross Margin | 15.6% | 15.6% | -18.7% | 48.2% |
| Operating Margin | -154.3% | -154.3% | -344.5% | -238.8% |
| Net Profit Margin | -186.6% | -186.6% | -380.2% | -245.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ROE | -141.3% | -141.3% | — | — |
| ROA | -26.7% | -26.7% | -63.5% | -42.2% |
| ROIC | -26.2% | -26.2% | — | — |
| ROCE | -26.8% | -26.8% | -101.6% | -71.5% |
FLY Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $793M exceeds total debt of $309M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Debt / Equity | 0.26 | 0.26 | — | — |
| Debt / EBITDA | — | — | — | — |
| Net Debt / Equity | — | -0.41 | — | — |
| Net Debt / EBITDA | — | — | — | — |
| Debt / FCF | — | — | — | — |
| Interest Coverage | -11.44 | -11.44 | -10.35 | -33.18 |
Net cash position: cash ($793M) exceeds total debt ($309M)
FLY Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Firefly Aerospace Inc.'s current ratio of 4.51x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.10x to 4.51x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Current Ratio | 4.51 | 4.51 | 1.01 | 1.10 |
| Quick Ratio | 4.51 | 4.51 | 1.01 | 1.09 |
| Cash Ratio | 4.18 | 4.18 | 0.69 | 0.60 |
| Asset Turnover | — | 0.09 | 0.15 | 0.17 |
| Inventory Turnover | — | — | — | 115.93 |
| Days Sales Outstanding | — | 105.33 | 6.03 | 17.87 |
FLY Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Firefly Aerospace Inc. returns 0.2% to shareholders annually primarily through dividends.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Dividend Yield | 0.2% | 0.3% | — | — |
| Payout Ratio | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Earnings Yield | — | — | — | — |
| FCF Yield | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.2% | 0.3% | — | — |
| Shares Outstanding | — | $69M | $144M | $144M |
Peer Comparison
Compare FLY with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FLYYou | $6B | -7.2 | — | — | 15.6% | -154.3% | -141.3% | -26.2% | — |
 RKT | $2B | 69.8 | 18.9 | — | 91.3% | 12.4% | 0.3% | 2.5% | 17.9 |
 MNTS | $3M | -0.1 | — | — | 96.9% | -1404.1% | — | -734.0% | — |
 ASTS | $21B | -52.7 | — | — | 53.4% | -405.7% | -18.9% | -47.1% | — |
 SPCE | $168M | -0.2 | — | — | -1179.5% | -5352.9% | -83.8% | -42.0% | — |
 BA | $181B | 92.7 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
 LMT | $119B | 23.9 | 16.1 | 17.2 | 10.2% | 10.3% | 76.9% | 23.9% | 2.6 |
 NOC | $79B | 19.2 | 16.5 | 24.0 | 19.8% | 10.2% | 26.2% | 10.2% | 3.4 |
 KTOS | $12B | 473.2 | 128.2 | — | 22.1% | 2.1% | 1.3% | 1.4% | 2.1 |
 BWXT | $20B | 59.9 | 49.1 | 66.8 | 22.9% | 10.1% | 28.5% | 10.1% | 4.7 |
 HII | $13B | 20.8 | 16.0 | 15.8 | 12.7% | 4.9% | 12.4% | 6.2% | 3.4 |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
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Start ComparisonFLY — Frequently Asked Questions
Quick answers to the most common questions about buying FLY stock.
What is Firefly Aerospace Inc.'s P/E ratio?
Firefly Aerospace Inc.'s current P/E ratio is -7.2x. This places it at the 50th percentile of its historical range.
What is Firefly Aerospace Inc.'s ROE?
Firefly Aerospace Inc.'s return on equity (ROE) is -141.3%. The historical average is -141.3%.
Is FLY stock overvalued?
Based on historical data, Firefly Aerospace Inc. is trading at a P/E of -7.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Firefly Aerospace Inc.'s dividend yield?
Firefly Aerospace Inc.'s current dividend yield is 0.21%.
What are Firefly Aerospace Inc.'s profit margins?
Firefly Aerospace Inc. has 15.6% gross margin and -154.3% operating margin.