Firefly AerospaceFLY +3.78%12 Gross Margin % is 21.59% as of Mar. 2026, which is 13% above its 10-year median of 19.18. GuruFocus rates FLY with a GF Score™ of 12/100. The stock has 2 warning signs investors should review. Among 342 Aerospace & Defense companies, Firefly Aerospace ranks worse than 53.8% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Firefly Aerospace had a gross margin of 21.59% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Firefly Aerospace Gross Margin % Related Terms
Firefly Aerospace Gross Margin % Historical Data
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The historical data trend for Firefly Aerospace's Gross Margin % 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.
For the Aerospace & Defense subindustry, Firefly Aerospace's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Firefly Aerospace's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Firefly Aerospace's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Firefly Aerospace (FLY) has a Gross Margin % of 21.59% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Firefly Aerospace and its competitors. This is 13% above median its historical median of 19.18. According to the industry distribution chart, Firefly Aerospace ranks #184 out of 342 companies in the Aerospace & Defense industry, placing it in the top 53.8%.
Is Firefly Aerospace's Gross Margin % too high?
Firefly Aerospace's current Gross Margin % of 21.59% is 13% above median its 10-year median of 19.18. The Aerospace & Defense industry median Gross Margin % is 26.65. Firefly Aerospace's value of 21.59% is 19% below this industry median. Based on the distribution chart, Firefly Aerospace ranks #184 out of 342 companies in the Aerospace & Defense industry, which is below the industry midpoint. 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 Gross Margin % compare to KRMN and LUNR?
According to the Aerospace & Defense industry distribution chart, Firefly Aerospace ranks #184 out of 342 companies for Gross Margin %. This places Firefly Aerospace in the lower half of its industry. The industry median Gross Margin % is 26.65. Firefly Aerospace's value of 21.59% is 19% below this benchmark. While the company's 10-year median is 19.18 vs. the industry median of 26.65, Firefly Aerospace has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Aerospace & Defense company?
The median Gross Margin % among Aerospace & Defense companies is 26.65, based on 342 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Firefly Aerospace's current Gross Margin % of 21.59% is 19% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Firefly Aerospace and its competitors. For the Aerospace & Defense industry, the median Gross Margin % is 26.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firefly Aerospace's current Gross Margin % is 21.59%, which is 13% above median its own 10-year median of 19.18. 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 Gross Margin % of 21.59%. The current Gross Margin % is 21.59%, which is 13% above median its 10-year median of 19.18 and 19% below the Aerospace & Defense industry median of 26.65. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Firefly Aerospace (FLY), the current Gross Margin % is 21.59% 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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