(FLY) Firefly Aerospace Common - Overview
Sector: Industrials | Industry: Aerospace & Defense | Exchange: NASDAQ (USA) | Market Cap: 6.868m USD | Total Return: -1.3% in 12m
Avg Turnover: 251M
Rev. Trend: 90.4%
Warnings
Interest Coverage Ratio -20.1 is critical
Beneish M-Score -1.08 > -1.5 - likely earnings manipulation
Altman Z'' -5.72 < 1.0 - financial distress zone
Tailwinds
Rs Leader, Idiosyncratic Leader, Tailwind
Firefly Aerospace Inc. is a Texas-based aerospace and defense firm providing end-to-end space mission solutions. The company’s portfolio includes the Alpha and Eclipse launch vehicles, the Blue Ghost lunar lander, and the Elytra orbital vehicle for space maneuverability. Beyond hardware, the firm develops specialized software for big data processing and national security applications.
The company operates within the NewSpace sector, a market characterized by the transition from government-led initiatives to private-sector commercialization. Firefly utilizes a vertically integrated business model to control costs and improve launch frequency, a critical factor for competing in the growing small-to-medium satellite delivery market.
Investors can further evaluate the companys long-term growth trajectory by reviewing the fundamental analysis available on ValueRay. Firefly Aerospace is positioned as a mid-cap entity within the Industrials sector following its 2025 public listing.
- Alpha launch vehicle cadence scales to meet small-sat demand
- Blue Ghost lunar lander mission success drives government contract revenue
- Elytra and Eclipse development costs impact near-term operating margins
- National security contract wins expand defense segment backlog and visibility
| Net Income: -334.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.17 > 0.02 and ΔFCF/TA 24.75 > 1.0 |
| NWC/Revenue: 220.3% < 20% (prev 54.06%; Δ 166.2% < -1%) |
| CFO/TA -0.14 > 3% & CFO -210.9m > Net Income -334.9m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.53 > 1.5 & < 3 |
| Outstanding Shares: last quarter (159.6m) vs 12m ago 11.13% < -2% |
| Gross Margin: 19.16% > 18% (prev -0.07%; Δ 1.92k% > 0.5%) |
| Asset Turnover: 19.15% > 50% (prev 24.67%; Δ -5.52% > 0%) |
| Interest Coverage Ratio: -20.09 > 6 (EBITDA TTM -257.6m / Interest Expense TTM 14.6m) |
| A: 0.27 (Total Current Assets 673.5m - Total Current Liabilities 266.2m) / Total Assets 1.49b |
| B: -0.75 (Retained Earnings -1.12b / Total Assets 1.49b) |
| C: -0.30 (EBIT TTM -293.2m / Avg Total Assets 965.6m) |
| D: -2.89 (Book Value of Equity -1.12b / Total Liabilities 387.1m) |
| Altman-Z'' = -5.72 = D |
| DSRI: 1.76 (Receivables 44.8m/14.9m, Revenue 184.9m/108.3m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 2.51 (AQ_t 0.42 / AQ_t-1 0.17) |
| SGI: 1.71 (Revenue 184.9m / 108.3m) |
| TATA: -0.08 (NI -334.9m - CFO -210.9m) / TA 1.49b) |
| Beneish M = -1.08 (Cap -4..+1) = D |
As of May 26, 2026, the stock is trading at USD 49.50 with a total of 8,773,800 shares traded.
Over the past week, the price has changed by +22.43%,
over one month by +43.44%,
over three months by +143.24% and
over the past year by -1.34%.
Firefly Aerospace Common has no consensus analysts rating.
P/S = 37.1469
P/B = 6.2157
Revenue TTM = 184.9m USD
EBIT TTM = -293.2m USD
EBITDA TTM = -257.6m USD
Long Term Debt = 19.7m USD (from longTermDebt, last quarter)
Short Term Debt = 10.2m USD (from shortTermDebt, last quarter)
Debt = 79.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 26.2m
Net Debt = -472.4m USD (calculated: Debt 79.2m - CCE 551.6m)
Enterprise Value = 6.40b USD (6.87b + Debt 79.2m - CCE 551.6m)
Interest Coverage Ratio = -20.09 (Ebit TTM -293.2m / Interest Expense TTM 14.6m)
EV/FCF = -24.84x (Enterprise Value 6.40b / FCF TTM -257.4m)
FCF Yield = -4.03% (FCF TTM -257.4m / Enterprise Value 6.40b)
FCF Margin = -139.3% (FCF TTM -257.4m / Revenue TTM 184.9m)
Net Margin = -181.2% (Net Income TTM -334.9m / Revenue TTM 184.9m)
Gross Margin = 19.16% ((Revenue TTM 184.9m - Cost of Revenue TTM 149.5m) / Revenue TTM)
Gross Margin QoQ = 12.69% (prev 21.97%)
Tobins Q-Ratio = 4.29 (Enterprise Value 6.40b / Total Assets 1.49b)
Interest Expense / Debt = 18.43% (Interest Expense 14.6m / Debt 79.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = -231.7m (EBIT -293.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.53 (Total Current Assets 673.5m / Total Current Liabilities 266.2m)
Debt / Equity = 0.07 (Debt 79.2m / totalStockholderEquity, last quarter 1.10b)
Debt / EBITDA = 1.83 (negative EBITDA) (Net Debt -472.4m / EBITDA -257.6m)
Debt / FCF = 1.84 (negative FCF - burning cash) (Net Debt -472.4m / FCF TTM -257.4m)
Total Stockholder Equity = 581.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -34.69% (Net Income -334.9m / Total Assets 1.49b)
RoE = -19.72% (Net Income TTM -334.9m / Total Stockholder Equity 1.70b)
RoCE = -17.07% (EBIT -293.2m / Capital Employed (Equity 1.70b + L.T.Debt 19.7m))
RoIC = -18.74% (negative operating profit) (NOPAT -231.7m / Invested Capital 1.24b)
WACC = 14.36% (E(6.87b)/V(6.95b) * Re(14.36%) + D(79.2m)/V(6.95b) * Rd(18.43%) * (1-Tc(0.21)))
Discount Rate = 14.36% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 66.94 | Cagr: 5.42%
[DCF] Fair Price = unknown (Cash Flow -257.4m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 90.39 | Revenue CAGR: 70.12% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.51 | Chg30d=-0.08% | Revisions=-25% | Analysts=5
EPS next Quarter (2026-09-30): EPS=-0.53 | Chg30d=-7.83% | Revisions=-25% | Analysts=5
EPS current Year (2026-12-31): EPS=-1.96 | Chg30d=-2.25% | Revisions=-25% | GrowthEPS=+39.2% | GrowthRev=+173.8%
EPS next Year (2027-12-31): EPS=-1.14 | Chg30d=-3.39% | Revisions=-25% | GrowthEPS=+41.8% | GrowthRev=+58.0%
[Analyst] Revisions Ratio: -25%