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Firefly AerospaceFLY -3.64%12 Debt-to-Equity is 0.05 as of Mar. 2026. GuruFocus rates FLY with a GF Score™ of 12/100. The stock has 2 warning signs investors should review. Among 313 Aerospace & Defense companies, Firefly Aerospace ranks better than 85.3% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Firefly Aerospace's Debt-to-Equity or its related term are showing as below:
FLY'
s Debt-to-Equity Range Over the Past 10 Years
Min: -0.24 Med: -0.18 Max: 0.26
Current: 0.05
During the past 3 years, the highest Debt-to-Equity Ratio of Firefly Aerospace was 0.26. The lowest was -0.24. And the median was -0.18.
FLY's Debt-to-Equity is ranked better than 85.3% of 313
companies
in the Aerospace & Defense industry
Industry Median: 0.32
vs FLY: 0.05
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Firefly Aerospace Debt-to-Equity Related Terms
Firefly Aerospace Debt-to-Equity Historical Data
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The historical data trend for Firefly Aerospace's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FLY vs AADX, ATRO, ACHR: Debt-to-Equity Comparison
For the Aerospace & Defense subindustry, Firefly Aerospace's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Firefly Aerospace Debt-to-Equity vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Firefly Aerospace's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Firefly Aerospace's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Firefly Aerospace (FLY) has a Debt-to-Equity of 0.05 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Firefly Aerospace and its competitors. According to the industry distribution chart, Firefly Aerospace ranks #46 out of 313 companies in the Aerospace & Defense industry, placing it in the top 14.7%.
Is Firefly Aerospace's Debt-to-Equity too high?
Firefly Aerospace's current Debt-to-Equity is 0.05. The Aerospace & Defense industry median Debt-to-Equity is 0.32. Firefly Aerospace's value of 0.05 is 84.4% below this industry median. Based on the distribution chart, Firefly Aerospace ranks #46 out of 313 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Firefly Aerospace has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Firefly Aerospace's Debt-to-Equity compare to AADX and ATRO?
According to the Aerospace & Defense industry distribution chart, Firefly Aerospace ranks #46 out of 313 companies for Debt-to-Equity. This places Firefly Aerospace in the top 15% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.32. Firefly Aerospace's value of 0.05 is 84.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Aerospace & Defense company?
The median Debt-to-Equity among Aerospace & Defense companies is 0.32, based on 313 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Firefly Aerospace's current Debt-to-Equity of 0.05 is 84.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Firefly Aerospace and its competitors. For the Aerospace & Defense industry, the median Debt-to-Equity is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firefly Aerospace's current Debt-to-Equity is 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firefly Aerospace stock overvalued right now?
Firefly Aerospace (FLY) has a current Debt-to-Equity of 0.05. The current Debt-to-Equity is 0.05 and 84.4% below the Aerospace & Defense industry median of 0.32. Firefly Aerospace's overall GF Score™ is 12/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Firefly Aerospace (FLY), the current Debt-to-Equity is 0.05 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Firefly Aerospace Inc is a space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. The company develops and provides space and defense technologies, including launch vehicles and spacecraft systems, supporting launch, transit, and in-orbit operations for government, commercial, and national security customers. It has only one operating segment. The majority of the company's revenue is derived from Spacecraft Solutions.
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