# Firefly Aerospace Inc. (FLY) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Industrials / Aerospace & Defense. Price $17.02, market value $2.8 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Firefly Aerospace Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 9.9×**. Each dollar of revenue is priced at 9.9×.
- **Price / book: 2.3×**. The shares trade at 2.3× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -11.5%** (5-yr avg -15.4%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 22.9%**. Firefly Aerospace Inc. keeps 22.9% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -118.0%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -186.6%**. The company reported a net loss over the last twelve months.
- **Return on equity: -25.1%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -66.2%**. Return on all capital, debt included, is -66.2%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -19.9%**. Each dollar of assets produces -19.9% of profit.

## Growth
- **Revenue growth (1 yr): 163.0%**. Revenue grew 163.0% over the last year.
- **EPS growth (1 yr): 76.7%**. Earnings per share rose 76.7%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.01**. Debt is 0.01 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 2.7×**. It would take 2.7 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 4.51** (quick 4.51). Current assets cover the next year's liabilities 4.51 times.
- **Altman Z-score: 3.71**. A Z-score of 3.71 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Firefly Aerospace Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (11 analysts). 11 analysts cover Firefly Aerospace Inc.; the consensus is buy, with an average price target of $36.64 (+115% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -32.9%** (YTD -27.2%, 3-mo -25.6%). The shares are down 32.9% over twelve months including dividends.
- **From 52-week high: -72.6%** (6.4% above the low). Trading 73% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 36**. An RSI of 36 is neutral.
- **Beta (1 yr): 3.51** (volatility 109%). Beta of 3.51 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FLY · Page: https://foliofundamentals.com/stocks/fly

Not investment advice.