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Space Exploration Technologies (NAS:SPCX) Gross Profit Explanation
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
Space Exploration Technologies had a gross margin of 49.39% for the quarter that ended in Dec. 2025 => Durable competitive advantage
Space Exploration Technologies Gross Profit Related Terms
Space Exploration Technologies Gross Profit Historical Data
* 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 Gross Profit Chart
Space Exploration Technologies Annual Data
Trend
Dec23
Dec24
Dec25
Gross Profit
4,277.00
6,019.00
9,223.00
Space Exploration Technologies Semi-Annual Data
Dec23
Dec24
Dec25
Gross Profit
4,277.00
6,019.00
9,223.00
SPCX vs GE, RTX, BA: Gross Profit Comparison
For the Aerospace & Defense subindustry, Space Exploration Technologies's Gross Profit, along with its competitors' market caps and Gross Profit 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 Gross Profit vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Space Exploration Technologies's Gross Profit distribution charts can be found below:
* The bar in red indicates where Space Exploration Technologies's Gross Profit falls into.
For stock reported annually, GuruFocus uses latest annual data as the TTM data. Gross Profit for the trailing twelve months (TTM) ended in Dec. 2025 was $9,223 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Space Exploration Technologies (SPCX) has a Gross Profit of $9,223 Mil as of Dec. 2025. Gross Profit equals net sales less total cost of goods sold. View historical data on Space Exploration Technologies and its competitors.
Is Space Exploration Technologies' Gross Profit too high?
Space Exploration Technologies' current Gross Profit is $9,223 Mil. Overall, Space Exploration Technologies has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Space Exploration Technologies' Gross Profit compare to GE and RTX?
Space Exploration Technologies' Gross Profit of $9,223 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 Gross Profit for an Aerospace & Defense company?
A good Gross Profit depends on the Aerospace & Defense industry context. However, Gross Profit 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 Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on Space Exploration Technologies and its competitors. Space Exploration Technologies's current Gross Profit is $9,223 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 (SPCX) has a current Gross Profit of $9,223 Mil. The current Gross Profit is $9,223 Mil. Space Exploration Technologies' overall GF Score™ is 15/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For Space Exploration Technologies (SPCX), the current Gross Profit is $9,223 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.
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.
15GF Score
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