The historical rank and industry rank for Space Exploration Technologies's Pretax Margin % or its related term are showing as below:
WBO:SPCX'
s Pretax Margin % Range Over the Past 10 Years
Min: -48.05 Med: -22.59 Max: 1.73
Current: -22.59
WBO:SPCX's Pretax Margin % is ranked worse than 81.84% of 347
companies
in the Aerospace & Defense industry
Industry Median: 6.17
vs WBO:SPCX: -22.59
Space Exploration Technologies (WBO:SPCX) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Space Exploration Technologies Pretax Margin % Related Terms
Space Exploration Technologies Pretax Margin % 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 Pretax Margin % Chart
Space Exploration Technologies Annual Data
Trend
Dec23
Dec24
Dec25
Pretax Margin %
-48.05
1.73
-22.59
Space Exploration Technologies Semi-Annual Data
Dec23
Dec24
Dec25
Pretax Margin %
-48.05
1.73
-22.59
WBO:SPCX vs : Pretax Margin % Comparison
For the Aerospace & Defense subindustry, Space Exploration Technologies's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Space Exploration Technologies's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Space Exploration Technologies's Pretax 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.
Space Exploration Technologies (WBO:SPCX) has a Pretax Margin % of -22.59% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Space Exploration Technologies and its competitors. According to the industry distribution chart, Space Exploration Technologies ranks #284 out of 347 companies in the Aerospace & Defense industry, placing it in the top 81.8%.
Is Space Exploration Technologies' Pretax Margin % too high?
Space Exploration Technologies' current Pretax Margin % is -22.59%. Based on the distribution chart, Space Exploration Technologies ranks #284 out of 347 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. 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' Pretax Margin % compare to ?
According to the Aerospace & Defense industry distribution chart, Space Exploration Technologies ranks #284 out of 347 companies for Pretax Margin %. This places Space Exploration Technologies in the lower half of its industry. The industry median Pretax Margin % is 6.17. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for an Aerospace & Defense company?
The median Pretax Margin % among Aerospace & Defense companies is 6.17, based on 347 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Space Exploration Technologies and its competitors. For the Aerospace & Defense industry, the median Pretax Margin % is 6.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Exploration Technologies's current Pretax Margin % is -22.59%. 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 Pretax Margin % of -22.59%. The current Pretax Margin % is -22.59%. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Space Exploration Technologies (WBO:SPCX), the current Pretax Margin % is -22.59% 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
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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