FLY (Firefly Aerospace) ROCE %: -26.23% (As of Mar. 2026)


FLY Firefly Aerospace Inc FLY
12 GF Score
Price $24.98
! 2 Warning Signs
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What is Firefly Aerospace ROCE %?

Firefly Aerospace FLY -8.18% 12 ROCE % is -26.23% as of Mar. 2026. GuruFocus rates FLY with a GF Score™ of 12/100. The stock has 2 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Firefly Aerospace's annualized ROCE % for the quarter that ended in Mar. 2026 was -26.23%.

Firefly Aerospace  (NAS:FLY) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Firefly Aerospace ROCE % Related Terms

Firefly Aerospace ROCE % Historical Data

* Premium members only.

The historical data trend for Firefly Aerospace's ROCE % 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.

Firefly Aerospace ROCE % Chart

Firefly Aerospace Annual Data
Trend Dec23 Dec24 Dec25
ROCE %
-69.71 -100.95 -34.13

Firefly Aerospace Quarterly Data
Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only -83.55 -77.09 -35.27 -41.09 -26.23
FLY
12GF Score
Firefly Aerospace Inc FLY
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Firefly Aerospace ROCE % Calculation

Firefly Aerospace's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-313.905/( ( (407.332 - 179.377) + (1824.934 - 213.581) )/ 2 )
=-313.905/( (227.955+1611.353)/ 2 )
=-313.905/919.654
=-34.13 %

Firefly Aerospace's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-372.016/( ( (1824.934 - 213.581) + (1491.99 - 266.245) )/ 2 )
=-372.016/( ( 1611.353 + 1225.745 )/ 2 )
=-372.016/1418.549
=-26.23 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -26.23% mean?
Firefly Aerospace (FLY) has a ROCE % of -26.23% as of Mar. 2026.
Is Firefly Aerospace's ROCE % too high?
Firefly Aerospace's current ROCE % is -26.23%. 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 ROCE % compare to KRMN and LUNR?
Firefly Aerospace's ROCE % of -26.23% can be compared against companies in the Aerospace & Defense industry. The industry median ROCE % is 6.29. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Aerospace & Defense company?
The median ROCE % among Aerospace & Defense companies is 6.29, based on 350 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median ROCE % is 6.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firefly Aerospace's current ROCE % is -26.23%. 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 ROCE % of -26.23%. The current ROCE % is -26.23%. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Firefly Aerospace (FLY), the current ROCE % is -26.23% 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 Business Description

Other Exchanges 89C:Germany
Address 1320 Arrow Point Drive, Suite 109, Cedar Park, TX, USA, 78613
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.
12GF Score

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