Space Exploration Technologies (WBO:SPCX) EBIT: € Mil (TTM As of Dec. 2025)


WBO:SPCX Space Exploration Technologies Corp WBO:SPCX
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Price €139.46
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What is Space Exploration Technologies EBIT?

Space Exploration Technologies WBO:SPCX +0.75% 10 EBIT is € Mil as of Dec. 2025. GuruFocus rates WBO:SPCX with a GF Score™ of 10/100. The stock has 2 warning signs investors should review.

Space Exploration Technologies's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €-1,942 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Space Exploration Technologies's annualized ROC % for the quarter that ended in Dec. 2025 was -3.36%. Space Exploration Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -6.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Space Exploration Technologies  (WBO:SPCX) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Space Exploration Technologies's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-1762.656 * ( 1 - 0% )/( (45587.88 + 59296.636)/ 2 )
=-1762.656/52442.258
=-3.36 %

where

Invested Capital(Q: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=54494.21 - 4783.595 - ( 11636.675 - max(0, 11260.405 - 15383.14+11636.675))
=45587.88

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=78635.466 - 11181.422 - ( 21133.938 - max(0, 18275.6 - 26433.008+21133.938))
=59296.636

Note: The Operating Income data used here is one times the annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Space Exploration Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1941.996/( ( (21805.515 + max(-7246.54, 0)) + (37458.148 + max(-12541.844, 0)) )/ 2 )
=-1941.996/( ( 21805.515 + 37458.148 )/ 2 )
=-1941.996/29631.8315
=-6.55 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1004.66 + 1912.865 + 376.27) - (4783.595 + 5250.59 + 506.15)
=-7246.54

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1348.466 + 2063.264 + 1169.126) - (11181.422 + 5218.794 + 722.484)
=-12541.844

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Space Exploration Technologies's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=/1801521.445
= %

* 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.

Space Exploration Technologies EBIT Related Terms

Space Exploration Technologies EBIT Historical Data

* Premium members only.

The historical data trend for Space Exploration Technologies's EBIT 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.

Space Exploration Technologies EBIT Chart

Space Exploration Technologies Annual Data
Trend Dec23 Dec24 Dec25
EBIT
-3,024.27 1,740.01 -1,942.00

Space Exploration Technologies Semi-Annual Data
Dec23 Dec24 Dec25
EBIT -3,024.27 1,740.01 -1,942.00

WBO:SPCX vs : EBIT Comparison

For the Aerospace & Defense subindustry, Space Exploration Technologies's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Space Exploration Technologies EV-to-EBIT vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Space Exploration Technologies's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Space Exploration Technologies's EV-to-EBIT falls into.


WBO:SPCX
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Space Exploration Technologies Corp WBO:SPCX
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Space Exploration Technologies EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was € Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of € Mil mean?
Space Exploration Technologies (WBO:SPCX) has a EBIT of € Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Space Exploration Technologies.
Is Space Exploration Technologies' EBIT too high?
Space Exploration Technologies' current EBIT is € Mil. Overall, Space Exploration Technologies has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Space Exploration Technologies' EBIT compare to ?
Space Exploration Technologies' EBIT of € Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Aerospace & Defense company?
A good EBIT depends on the Aerospace & Defense industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Space Exploration Technologies. Space Exploration Technologies's current EBIT is € Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Exploration Technologies stock overvalued right now?
Space Exploration Technologies (WBO:SPCX) has a current EBIT of € Mil. The current EBIT is € Mil. Space Exploration Technologies' overall GF Score™ is 10/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Space Exploration Technologies (WBO:SPCX), the current EBIT is € Mil as of Dec. 2025. 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.

Space Exploration Technologies Business Description

Comparable Companies
Address 1 Rocket Road, Starbase, TX, USA, 78521
Founded in 2002 and commonly known as SpaceX, the Space Exploration Technologies Corporation designs, manufactures, and operates a family of reusable rockets to launch various payloads into Earth orbit for government and commercial customers. Starting in 2019, the company began launching a constellation of its own communication satellites to provide mobile broadband and wireless services under the Starlink brand. In early 2026, the company acquired xAI from its founder, Elon Musk, which operates a large language artificial intelligence model named Grok, a gigawatt-scale data center called Colossus, and the social media network X.
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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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