Space Exploration Technologies (FRA:SPX) OCF Margin %: 36.33% (As of Dec. 2025) — 12% Below Median


FRA:SPX Space Exploration Technologies Corp FRA:SPX
12 GF Score
Price €136.74
! 2 Warning Signs
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What is Space Exploration Technologies OCF Margin %?

Space Exploration Technologies FRA:SPX -1.78% 12 OCF Margin % is 36.33% as of Dec. 2025, which is 12% below its 10-year median of 41.21. GuruFocus rates FRA:SPX with a GF Score™ of 12/100. The stock has 2 warning signs investors should review. Among 347 Aerospace & Defense companies, Space Exploration Technologies ranks better than 93.37% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Space Exploration Technologies's Cash Flow from Operations for the six months ended in Dec. 2025 was €5,794 Mil. Space Exploration Technologies's Revenue for the six months ended in Dec. 2025 was €15,948 Mil. Therefore, Space Exploration Technologies's OCF Margin % for the quarter that ended in Dec. 2025 was 36.33%.

As of today, Space Exploration Technologies's current OCF Yield % is 0.33%.

The historical rank and industry rank for Space Exploration Technologies's OCF Margin % or its related term are showing as below:

FRA:SPX' s OCF Margin % Range Over the Past 10 Years
Min: 36.33   Med: 41.21   Max: 43.52
Current: 36.33


During the past 3 years, the highest OCF Margin % of Space Exploration Technologies was 43.52%. The lowest was 36.33%. And the median was 41.21%.

FRA:SPX's OCF Margin % is ranked better than
93.37% of 347 companies
in the Aerospace & Defense industry
Industry Median: 8.59 vs FRA:SPX: 36.33


Space Exploration Technologies OCF Margin % Related Terms


Space Exploration Technologies OCF Margin % Historical Data

* Premium members only.

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

Space Exploration Technologies OCF Margin % Chart

Space Exploration Technologies Annual Data
Trend Dec23 Dec24 Dec25
OCF Margin %
43.52 41.21 36.33

Space Exploration Technologies Semi-Annual Data
Dec23 Dec24 Dec25
OCF Margin % 43.52 41.21 36.33

FRA:SPX vs : OCF Margin % Comparison

For the Aerospace & Defense subindustry, Space Exploration Technologies's OCF Margin %, along with its competitors' market caps and OCF 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.


Space Exploration Technologies OCF Margin % vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Space Exploration Technologies's OCF Margin % distribution charts can be found below:

* The bar in red indicates where Space Exploration Technologies's OCF Margin % falls into.


FRA:SPX
12GF Score
Space Exploration Technologies Corp FRA:SPX
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Space Exploration Technologies OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Space Exploration Technologies's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=5794.39/15947.596
=36.33 %

Space Exploration Technologies's OCF Margin for the quarter that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=5794.39/15947.596
=36.33 %

* 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 OCF Margin % →
What does a OCF Margin % of 36.33% mean?
Space Exploration Technologies (FRA:SPX) has a OCF Margin % of 36.33% as of Dec. 2025. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Space Exploration Technologies and its competitors. This is 12% below median its historical median of 41.21. Over the past decade, Space Exploration Technologies' OCF Margin % has ranged from 36.33 to 43.52. According to the industry distribution chart, Space Exploration Technologies ranks #23 out of 347 companies in the Aerospace & Defense industry, placing it in the top 6.6%.
Is Space Exploration Technologies' OCF Margin % too high?
Space Exploration Technologies' current OCF Margin % of 36.33% is 12% below median its 10-year median of 41.21. Over the past 10 years, this metric has ranged from a low of 36.33 to a high of 43.52. The Aerospace & Defense industry median OCF Margin % is 8.59. Space Exploration Technologies' value of 36.33% is 322.9% above this industry median. Based on the distribution chart, Space Exploration Technologies ranks #23 out of 347 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Space Exploration Technologies has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Space Exploration Technologies' OCF Margin % compare to ?
According to the Aerospace & Defense industry distribution chart, Space Exploration Technologies ranks #23 out of 347 companies for OCF Margin %. This places Space Exploration Technologies in the top 7% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 8.59. Space Exploration Technologies' value of 36.33% is 322.9% above this benchmark. Historically, Space Exploration Technologies' own OCF Margin % has ranged from 36.33 to 43.52 over the past decade. While the company's 10-year median is 41.21 vs. the industry median of 8.59, Space Exploration Technologies has consistently been above 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 OCF Margin % for an Aerospace & Defense company?
The median OCF Margin % among Aerospace & Defense companies is 8.59, based on 347 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Space Exploration Technologies's current OCF Margin % of 36.33% is 322.9% above 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Space Exploration Technologies and its competitors. For the Aerospace & Defense industry, the median OCF Margin % is 8.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Exploration Technologies's current OCF Margin % is 36.33%, which is 12% below median its own 10-year median of 41.21. 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 (FRA:SPX) has a current OCF Margin % of 36.33%. The current OCF Margin % is 36.33%, which is 12% below median its 10-year median of 41.21 and 322.9% above the Aerospace & Defense industry median of 8.59. Space Exploration Technologies' 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Space Exploration Technologies (FRA:SPX), the current OCF Margin % is 36.33% 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.
12GF Score

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