The historical rank and industry rank for Space Exploration Technologies's ROE % or its related term are showing as below:
FRA:SPX'
s ROE % Range Over the Past 10 Years
Min: -14.71 Med: -5.82 Max: 3.07
Current: -14.71
During the past 3 years, Space Exploration Technologies's highest ROE % was 3.07%. The lowest was -14.71%. And the median was -5.82%.
FRA:SPX's ROE % is ranked worse than 81.27% of 347
companies
in the Aerospace & Defense industry
Industry Median: 5.91
vs FRA:SPX: -14.71
Space Exploration Technologies (FRA:SPX) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is one times the annual (Dec. 2025) net income data. The Revenue data used here is one times the annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Space Exploration Technologies ROE % Related Terms
Space Exploration Technologies ROE % 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 ROE % Chart
Space Exploration Technologies Annual Data
Trend
Dec23
Dec24
Dec25
ROE %
0.00
3.07
-14.07
Space Exploration Technologies Semi-Annual Data
Dec23
Dec24
Dec25
ROE %
0.00
3.07
-14.07
FRA:SPX vs : ROE % Comparison
For the Aerospace & Defense subindustry, Space Exploration Technologies's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Space Exploration Technologies's ROE % distribution charts can be found below:
* The bar in red indicates where Space Exploration Technologies's ROE % 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is one times the annual (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Space Exploration Technologies (FRA:SPX) has a ROE % of -14.07% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Space Exploration Technologies and its competitors. According to the industry distribution chart, Space Exploration Technologies ranks #282 out of 347 companies in the Aerospace & Defense industry, placing it in the top 81.3%.
Is Space Exploration Technologies' ROE % too high?
Space Exploration Technologies' current ROE % is -14.07%. Based on the distribution chart, Space Exploration Technologies ranks #282 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 12/100, reflecting its overall financial health beyond just this single metric.
How does Space Exploration Technologies' ROE % compare to ?
According to the Aerospace & Defense industry distribution chart, Space Exploration Technologies ranks #282 out of 347 companies for ROE %. This places Space Exploration Technologies in the lower half of its industry. The industry median ROE % is 5.91. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Aerospace & Defense company?
The median ROE % among Aerospace & Defense companies is 5.91, based on 347 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Space Exploration Technologies and its competitors. For the Aerospace & Defense industry, the median ROE % is 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Exploration Technologies's current ROE % is -14.07%. 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 ROE % of -14.07%. The current ROE % is -14.07%. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Space Exploration Technologies (FRA:SPX), the current ROE % is -14.07% 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.
12GF Score
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