Space Exploration Technologies (FRA:SPX) ROCE %: -3.75% (As of Dec. 2025)


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 ROCE %?

Space Exploration Technologies FRA:SPX -1.78% 12 ROCE % is -3.75% as of Dec. 2025. GuruFocus rates FRA:SPX 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. Space Exploration Technologies's annualized ROCE % for the quarter that ended in Dec. 2025 was -3.75%.

Space Exploration Technologies  (FRA:SPX) 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.

Space Exploration Technologies ROCE % Related Terms

Space Exploration Technologies ROCE % Historical Data

* Premium members only.

The historical data trend for Space Exploration Technologies'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.

Space Exploration Technologies ROCE % Chart

Space Exploration Technologies Annual Data
Trend Dec23 Dec24 Dec25
ROCE %
0.00 4.02 -3.75

Space Exploration Technologies Semi-Annual Data
Dec23 Dec24 Dec25
ROCE % 0.00 4.02 -3.75
FRA:SPX
12GF Score
Space Exploration Technologies Corp FRA:SPX
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Space Exploration Technologies ROCE % Calculation

Space Exploration Technologies'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 )
=-1941.996/( ( (54494.21 - 11260.405) + (78635.466 - 18275.6) )/ 2 )
=-1941.996/( (43233.805+60359.866)/ 2 )
=-1941.996/51796.8355
=-3.75 %

Space Exploration Technologies's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Dec. 2024 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Dec. 2024 )(Q: Dec. 2025 )
=-1941.996/( ( (54494.21 - 11260.405) + (78635.466 - 18275.6) )/ 2 )
=-1941.996/( ( 43233.805 + 60359.866 )/ 2 )
=-1941.996/51796.8355
=-3.75 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2025) 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 -3.75% mean?
Space Exploration Technologies (FRA:SPX) has a ROCE % of -3.75% as of Dec. 2025.
Is Space Exploration Technologies' ROCE % too high?
Space Exploration Technologies' current ROCE % is -3.75%. 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' ROCE % compare to ?
Space Exploration Technologies' ROCE % of -3.75% 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. Space Exploration Technologies's current ROCE % is -3.75%. 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 ROCE % of -3.75%. The current ROCE % is -3.75%. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Space Exploration Technologies (FRA:SPX), the current ROCE % is -3.75% 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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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