Virgin Galactic Holdings, Inc. (SPCE) Financial Ratios
9 years of historical data (2017–2025) · Industrials · Aerospace & Defense
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↓
0.67
↓-60% vs avg
5yr avg: 1.66
30Y Low0.5·High58.6
ROE
↓
-93.6%
-16% vs avg
5yr avg: -80.3%
30Y Low-130%·High2%
Debt/EBITDA
N/A
—
5yr avg: N/A
30Y Low0.1·High0.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SPCE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Virgin Galactic Holdings, 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 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $222M | $164M | $147M | $826M | $919M | $3.3B | $5.2B | $2.2B | $1.9B | $39.2B |
| Enterprise Value | $402M | $344M | $388M | $1.1B | $1.1B | $2.8B | $4.6B | $1.8B | $1.9B | $39.2B |
| P/E Ratio → | -0.65 | — | — | — | — | — | — | — | 176.99 | 29676.47 |
| P/S Ratio | 143.83 | 106.53 | 20.85 | 121.51 | 397.29 | 1006.42 | 21846.36 | 593.78 | 679.76 | 22363.46 |
| P/B Ratio | 0.67 | 0.60 | 0.46 | 1.63 | 1.91 | 3.70 | 9.86 | 4.80 | 2.85 | 58.63 |
| P/FCF | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
SPCE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 222.77 | 55.18 | 161.85 | 472.16 | 852.25 | 19162.44 | 473.20 | 679.73 | 22363.14 |
| EV / EBITDA | — | — | — | — | — | — | — | — | 433.90 | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — |
SPCE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Virgin Galactic Holdings, Inc. earns an operating margin of -18335.0%, below the Industrials sector average of 4.3%. Operating margins have compressed from -7816.3% to -18335.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -93.6% 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 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -5680.7% | -5680.7% | -1179.5% | -643.2% | 17.6% | 91.7% | 27.3% | 47.0% | 52.8% | 72.2% |
| Operating Margin | -18335.0% | -18335.0% | -5352.9% | -7816.3% | -21625.6% | -9706.4% | -115665.5% | -5640.4% | -47.2% | -7981.8% |
| Net Profit Margin | -18063.9% | -18063.9% | -4928.1% | -7387.3% | -21632.9% | -10719.9% | -270960.9% | -5578.8% | 384.9% | 75.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -93.6% | -93.6% | -83.8% | -101.9% | -72.8% | -49.7% | -129.7% | -36.8% | 1.6% | 0.2% |
| ROA | -31.6% | -31.6% | -32.4% | -43.3% | -45.3% | -37.7% | -91.5% | -32.2% | 1.6% | 0.2% |
| ROIC | -41.7% | -41.7% | -42.0% | -55.6% | -72.1% | -174.3% | — | -46.3% | -0.1% | -15.7% |
| ROCE | -40.3% | -40.3% | -41.7% | -54.5% | -52.8% | -39.3% | -46.7% | -35.7% | -0.2% | -20.2% |
SPCE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $179M ($324M total debt minus $145M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.18 | 1.18 | 1.30 | 0.97 | 0.99 | 0.05 | 0.05 | 0.05 | 0.00 | 0.00 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | 0.09 | — |
| Net Debt / Equity | — | 0.66 | 0.75 | 0.54 | 0.36 | -0.57 | -1.21 | -0.98 | -0.00 | -0.00 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | -0.02 | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -22.15 | -22.15 | -25.82 | -37.99 | -40.18 | -14111.76 | -17912.36 | -5923.94 | -13798.20 | — |
SPCE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.78x means Virgin Galactic Holdings, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 5.12x to 1.78x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.78 | 1.78 | 4.19 | 5.12 | 5.44 | 5.16 | 6.33 | 4.63 | 0.87 | 4.56 |
| Quick Ratio | 1.78 | 1.78 | 4.19 | 5.12 | 5.31 | 4.93 | 6.06 | 4.40 | -39.13 | -23.95 |
| Cash Ratio | 1.47 | 1.47 | 3.75 | 4.71 | 4.94 | 4.79 | 5.79 | 4.15 | 0.79 | 1.95 |
| Asset Turnover | — | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Inventory Turnover | — | — | — | — | 0.08 | 0.01 | 0.01 | 0.07 | 0.06 | 0.05 |
| Days Sales Outstanding | — | — | — | — | — | 255.01 | — | 44.50 | — | 136.75 |
SPCE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Virgin Galactic Holdings, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | 0.6% | 0.0% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $51M | $25M | $17M | $13M | $12M | $11M | $10M | $10M | $194M |
Peer Comparison
Compare SPCE 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 |
|---|---|---|---|---|---|---|---|---|---|
 SPCEYou | $222M | -0.7 | — | — | -5680.7% | -18335.0% | -93.6% | -41.7% | — |
 RKT | $41B | -524.4 | 42.7 | — | 91.6% | 8.7% | -0.4% | 2.0% | — |
 MNTS | $46M | -0.2 | — | — | -37.2% | -2455.4% | -653.1% | -334.3% | — |
 ASTS | $24B | -60.2 | — | — | 53.4% | -405.7% | -22.3% | -16.8% | — |
 BA | $176B | 89.8 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
 LMT | $118B | 23.8 | 16.0 | 17.0 | 10.2% | 10.3% | 76.9% | 23.9% | 2.6 |
 NOC | $74B | 17.9 | 15.5 | 22.4 | 19.8% | 10.2% | 26.2% | 10.2% | 3.4 |
 RTX | $250B | 37.4 | 21.9 | 31.5 | 20.1% | 10.0% | 10.4% | 6.7% | 3.1 |
 JOBY | $10B | -8.8 | — | — | -30.1% | -1346.9% | -80.1% | -54.7% | — |
 SPWR | $128M | -11.7 | — | — | 48.5% | -2.0% | — | -5.3% | — |
 KTOS | $10B | 417.0 | 112.5 | — | 22.1% | 2.1% | 1.3% | 1.4% | 2.1 |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 9 years · Updated daily
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SPCE — Frequently Asked Questions
Quick answers to the most common questions about buying SPCE stock.
What is Virgin Galactic Holdings, Inc.'s P/E ratio?
Virgin Galactic Holdings, Inc.'s current P/E ratio is -0.7x. The historical average is 177.0x.
What is Virgin Galactic Holdings, Inc.'s ROE?
Virgin Galactic Holdings, Inc.'s return on equity (ROE) is -93.6%. The historical average is -62.9%.
Is SPCE stock overvalued?
Based on historical data, Virgin Galactic Holdings, Inc. is trading at a P/E of -0.7x. Compare with industry peers and growth rates for a complete picture.
What are Virgin Galactic Holdings, Inc.'s profit margins?
Virgin Galactic Holdings, Inc. has -5680.7% gross margin and -18335.0% operating margin.