Tearsheet

Firefly Aerospace (FLY)

Market Price (10/31/2025): $24.6 | Market Cap: $3.5 Bil
Sector: Industrials | Industry: Aerospace & Defense

Firefly Aerospace (FLY)

Market Price (10/31/2025): $24.6
Market Cap: $3.5 Bil
Sector: Industrials
Industry: Aerospace & Defense

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0			Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -211 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -209%
1			Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -164%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -198%

0	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -211 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -209%
1	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -164%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -198%

Market Valuation & Key Metrics

Valuation
Key Metrics

	10/31/25	2024	2023
Share Price CYE	$24.60
Market Cap CYE ($ Bil)	3.5	-	-
Total Debt ($ Bil)	0.2	0.2	0.1
Total Cash ($ Bil)	0.2	0.1	0.1
Enterprise Value ($ Bil)	3.4
Valuation Ratios
P/S TTM	0.0	0.0	0.0
P/EBIT TTM	0.0	0.0	0.0
P/E TTM	0.0	0.0	0.0
Sector Ratios
P/S TTM (Sector)	1.7	1.4	1.4
P/EBIT TTM (Sector)	11.4	10.1	10.0
P/E TTM (Sector)	15.5	13.6	14.0

	10/31/25	2024	2023
Share Price CYE	$24.60
Market Cap CYE ($ Bil)	3.5	-	-
Total Debt ($ Bil)	0.2	0.2	0.1
Total Cash ($ Bil)	0.2	0.1	0.1
Enterprise Value ($ Bil)	3.4
Valuation Ratios
P/S TTM	0.0	0.0	0.0
P/EBIT TTM	0.0	0.0	0.0
P/E TTM	0.0	0.0	0.0
Sector Ratios
P/S TTM (Sector)	1.7	1.4	1.4
P/EBIT TTM (Sector)	11.4	10.1	10.0
P/E TTM (Sector)	15.5	13.6	14.0

null

FLY Stock

Return (1M):

Factor Drivers of Stock Movement

null

null

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
FLY Return	-	-	-	-	-	-	0%
Peers Return	-17%	1%	2%	17%	-7%	56%	46%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	110%
Monthly Win Rates [3]
FLY Win Rate	-	-	-	-	-	0%
Peers Win Rate	18%	20%	20%	22%	12%	31%
S&P 500 Win Rate	58%	75%	42%	67%	75%	67%
Max Drawdowns [4]
FLY Max Drawdown	-	-	-	-	-	-
Peers Max Drawdown	-24%	-6%	-8%	-4%	-8%	-4%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HII, ATRO, DFSC, FLY, PEW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

FLY has limited trading history. Below is the Industrials sector ETF (XLI) in its place.

Unique Key	Event	XLI	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-22.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	29.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	273 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-42.8%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	74.8%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	232 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-24.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	32.6%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	312 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-63.3%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	172.8%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1463 days	1480 days

Compare to

In The Past

SPDR Select Sector Fund's stock fell -22.6% during the 2022 Inflation Shock from a high on 1/4/2022. A -22.6% loss requires a 29.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Firefly Aerospace (FLY)

Business Description

Fly Leasing Limited, together with its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. As of December 31, 2016, the company had a fleet of 76 aircraft, including 65 narrow-body passenger aircraft and 11 wide-body passenger aircraft. Fly Leasing Limited was founded in 2007 and is headquartered in Dun Laoghaire, Ireland.

Better Bets than Firefly Aerospace (FLY)

	FLY	Better Performance than FLY
Metric	Value	Industry (Aerospace & Defense)
Op Mgn LTM	-209.3%	GE (20.5%), RTX (10.3%), BA (-10.4%), LMT (8.2%), GD (10.3%)
CFO/Rev LTM	-164.1%	GE (17.2%), RTX (9.3%), BA (-4.6%), LMT (8.7%), GD (11.1%)
FCF/Rev LTM	-197.5%	GE (14.7%), RTX (5.5%), BA (-7.9%), LMT (6.3%), GD (9.3%)

	FLY	Better Performance than FLY
Metric	Value	Sector (Industrials)
Op Mgn LTM	-209.3%	GE (20.5%), CAT (18.2%), RTX (10.3%), UBER (9.5%), GEV (3.7%)
CFO/Rev LTM	-164.1%	GE (17.2%), CAT (18.0%), RTX (9.3%), UBER (18.6%), GEV (9.1%)
FCF/Rev LTM	-197.5%	GE (14.7%), CAT (12.3%), RTX (5.5%), UBER (18.0%), GEV (6.6%)

	FLY	Better Performance than FLY
Metric	Value	All Other Sectors
Op Mgn LTM	-209.3%	NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), GOOGL (32.2%), AMZN (11.4%)
CFO/Rev LTM	-164.1%	NVDA (46.6%), AAPL (26.6%), MSFT (50.0%), GOOGL (39.3%), AMZN (18.1%)
FCF/Rev LTM	-197.5%	NVDA (43.6%), AAPL (23.5%), MSFT (26.6%), GOOGL (19.1%), AMZN (2.0%)

		Best Bets In Industrials Sector
	FLY	GATX	VRSK	ADT	CPRT	NDSN	TDG	PCTY	FTV	VRRM	CSL
What You Pay
P/E	�	17.8	32.9	11.7	26.5	28.8	39.3	36.8	28.1	73.3	11.4
P/EBIT	�	8.5	22.5	5.6	24.2	19.5	19.1	27.8	13.7	21.7	12.6
What You Get
Rev Chg Q	�	11.3%	5.9%	6.8%	5.2%	12.1%	9.3%	12.2%	2.3%	16.1%	-0.1%
Rev Chg LTM	�	11.7%	7.3%	6.6%	9.7%	4.5%	12.8%	7.0%	27.9%	8.5%	4.4%
Rev Chg 3Y Avg	�	9.8%	13.4%	2.6%	9.9%	3.6%	18.2%	22.7%	9.4%	9.1%	5.2%
FCF/Rev 3Y Avg	�	38.6%	33.2%	24.1%	23.7%	21.5%	20.8%	20.5%	20.1%	19.0%	18.3%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Trade Ideas

Select past ideas related to FLY. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
FCN_9302025_Dip_Buyer_ValueBuy	09302025	FCN	FTI Consulting	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.4%	4.4%	-6.2%
ODFL_9122025_Monopoly_xInd_xCD_Getting_Cheaper	09122025	ODFL	Old Dominion Freight Line	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-6.0%	-6.0%	-7.3%
EFX_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	EFX	Equifax	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-12.9%	-12.9%	-12.9%
UHAL_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	UHAL	U-Haul	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-7.2%	-7.2%	-7.2%
BWXT_8312025_Quality_Momentum_RoomToRun_10%	08312025	BWXT	BWX Technologies	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	31.9%	31.9%	-1.2%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
FCN_9302025_Dip_Buyer_ValueBuy	09302025	FCN	FTI Consulting	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.4%	4.4%	-6.2%
ODFL_9122025_Monopoly_xInd_xCD_Getting_Cheaper	09122025	ODFL	Old Dominion Freight Line	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-6.0%	-6.0%	-7.3%
EFX_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	EFX	Equifax	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-12.9%	-12.9%	-12.9%
UHAL_8312025_Monopoly_xInd_xCD_Getting_Cheaper	08312025	UHAL	U-Haul	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-7.2%	-7.2%	-7.2%
BWXT_8312025_Quality_Momentum_RoomToRun_10%	08312025	BWXT	BWX Technologies	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	31.9%	31.9%	-1.2%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GH	Guardant Health	27.9%	202.5%
2	GCI	Gannett	27.7%	3.8%
3	FORM	FormFactor	24.2%	34.7%
4	VIAV	Viavi Solutions	22.3%	69.3%
5	GSAT	Globalstar	22.2%	63.5%
6	MTSR	Metsera	22.1%	63729900.0%
7	PRM	Perimeter Solutions	21.1%	102.3%
8	CHRW	C.H. Robinson Worldwide	19.7%	52.6%
9	INSM	Insmed	16.3%	181.3%
10	CAH	Cardinal Health	15.4%	62.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FMC	FMC	-46.5%	-66.6%
2	APLS	Apellis Pharmaceuticals	-31.0%	-35.0%
3	THRY	Thryv	-30.2%	-44.8%
4	SFM	Sprouts Farmers Market	-26.1%	-39.2%
5	IART	Integra Lifesciences	-23.5%	-47.9%
6	ITRI	Itron	-21.1%	0.4%
7	WOLF	Wolfspeed	-18.2%
8	CMG	Chipotle Mexican Grill	-18.2%	-46.1%
9	CI	Cigna	-17.4%	-9.2%
10	EME	EMCOR	-16.6%	43.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	INBX	Inhibrx Biosciences	176.8%	409.8%
2	PUMP	ProPetro	71.2%	16.2%
3	RNA	Avidity Biosciences	43.5%	139.6%
4	DYN	Dyne Therapeutics	42.8%	-0.0%
5	GCI	Gannett	39.3%	3.8%
6	FORM	FormFactor	38.3%	34.7%
7	MBX	MBX Biosciences	35.1%	18.2%
8	BBNX	Beta Bionics	33.8%
9	GH	Guardant Health	33.3%	202.5%
10	LUMN	Lumen Technologies	32.7%	94.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PMI	Picard Medical	-75.2%	5106.3%
2	LRN	Stride	-56.1%	-35.8%
3	NTLA	Intellia Therapeutics	-52.6%	5.2%
4	FMC	FMC	-48.7%	-66.6%
5	FI	Fiserv	-47.4%	-68.3%
6	VRNS	Varonis Systems	-43.8%	-21.2%
7	THRY	Thryv	-33.4%	-44.8%
8	NFE	New Fortress Energy	-30.5%	-91.9%
9	AKBA	Akebia Therapeutics	-29.5%	10.5%
10	UAMY	United States Antimony	-28.9%	371.2%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PRAX	Praxis Precision Medicines	279.1%	161.2%
2	INBX	Inhibrx Biosciences	131.0%	409.8%
3	PUMP	ProPetro	99.6%	16.2%
4	DYN	Dyne Therapeutics	88.4%	-0.0%
5	VICR	Vicor	85.4%	89.2%
6	CELC	Celcuity	74.6%	503.2%
7	GLUE	Monte Rosa Therapeutics	73.5%	87.5%
8	NVTS	Navitas Semiconductor	72.1%	251.8%
9	LUMN	Lumen Technologies	70.3%	94.7%
10	BALY	Ballys	63.4%	4.1%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	-62.9%	5106.3%
2	LRN	Stride	-53.8%	-35.8%
3	FMC	FMC	-51.0%	-66.6%
4	FI	Fiserv	-48.3%	-68.3%
5	NFE	New Fortress Energy	-43.6%	-91.9%
6	VG	Venture Global	-41.7%
7	OGN	Organon	-40.2%	-55.0%
8	VRNS	Varonis Systems	-39.5%	-21.2%
9	ITGR	Integer	-38.5%	-52.2%
10	LENZ	LENZ Therapeutics	-37.9%	5.5%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GH	Guardant Health	27.9%	202.5%
2	GCI	Gannett	27.7%	3.8%
3	FORM	FormFactor	24.2%	34.7%
4	VIAV	Viavi Solutions	22.3%	69.3%
5	GSAT	Globalstar	22.2%	63.5%
6	MTSR	Metsera	22.1%	63729900.0%
7	PRM	Perimeter Solutions	21.1%	102.3%
8	CHRW	C.H. Robinson Worldwide	19.7%	52.6%
9	INSM	Insmed	16.3%	181.3%
10	CAH	Cardinal Health	15.4%	62.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FMC	FMC	-46.5%	-66.6%
2	APLS	Apellis Pharmaceuticals	-31.0%	-35.0%
3	THRY	Thryv	-30.2%	-44.8%
4	SFM	Sprouts Farmers Market	-26.1%	-39.2%
5	IART	Integra Lifesciences	-23.5%	-47.9%
6	ITRI	Itron	-21.1%	0.4%
7	WOLF	Wolfspeed	-18.2%
8	CMG	Chipotle Mexican Grill	-18.2%	-46.1%
9	CI	Cigna	-17.4%	-9.2%
10	EME	EMCOR	-16.6%	43.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	INBX	Inhibrx Biosciences	176.8%	409.8%
2	PUMP	ProPetro	71.2%	16.2%
3	RNA	Avidity Biosciences	43.5%	139.6%
4	DYN	Dyne Therapeutics	42.8%	-0.0%
5	GCI	Gannett	39.3%	3.8%
6	FORM	FormFactor	38.3%	34.7%
7	MBX	MBX Biosciences	35.1%	18.2%
8	BBNX	Beta Bionics	33.8%
9	GH	Guardant Health	33.3%	202.5%
10	LUMN	Lumen Technologies	32.7%	94.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PMI	Picard Medical	-75.2%	5106.3%
2	LRN	Stride	-56.1%	-35.8%
3	NTLA	Intellia Therapeutics	-52.6%	5.2%
4	FMC	FMC	-48.7%	-66.6%
5	FI	Fiserv	-47.4%	-68.3%
6	VRNS	Varonis Systems	-43.8%	-21.2%
7	THRY	Thryv	-33.4%	-44.8%
8	NFE	New Fortress Energy	-30.5%	-91.9%
9	AKBA	Akebia Therapeutics	-29.5%	10.5%
10	UAMY	United States Antimony	-28.9%	371.2%

Peer Comparisons for Firefly Aerospace

Financials

	FLY	HII	ATRO	DFSC	PEW	Median
Name	Firefly .	Huntingt.	Astronics	DEFSEC T.	GrabAGun.
Mkt Price	24.45	319.07	49.09	4.35	4.59	24.45
Mkt Cap	-	12.5	1.7	-	-	7.1
Rev LTM	101	11,464	823	4	-	462
Op Inc LTM	-211	492	35	-9	-	13
FCF LTM	-199	-159	36	-9	-	-84
FCF 3Y Avg	-	283	-9	-11	-	-9
CFO LTM	-165	200	48	-9	-	20
CFO 3Y Avg	-	606	1	-10	-	1

Growth & Margins

	FLY	HII	ATRO	DFSC	PEW	Median
Name	Firefly .	Huntingt.	Astronics	DEFSEC T.	GrabAGun.
Rev Chg LTM	-	-1.0%	11.0%	166.4%	-	11.0%
Rev Chg 3Y Avg	-	5.4%	20.5%	94.3%	-	20.5%
Rev Chg Q	-	-2.5%	3.3%	330.2%	-	3.3%
QoQ Delta Rev Chg LTM	-	-0.6%	0.8%	35.8%	-	0.8%
Op Mgn LTM	-209.3%	4.3%	4.3%	-209.1%	-	-102.4%
Op Mgn 3Y Avg	-	5.2%	0.6%	-699.5%	-	0.6%
QoQ Delta Op Mgn LTM	-	0.1%	-0.4%	86.7%	-	0.1%
CFO/Rev LTM	-164.1%	1.7%	5.8%	-212.3%	-	-81.2%
CFO/Rev 3Y Avg	-	5.4%	-0.5%	-716.7%	-	-0.5%
FCF/Rev LTM	-197.5%	-1.4%	4.4%	-216.3%	-	-99.5%
FCF/Rev 3Y Avg	-	2.6%	-1.8%	-777.8%	-	-1.8%

Valuation

	FLY	HII	ATRO	DFSC	PEW	Median
Name	Firefly .	Huntingt.	Astronics	DEFSEC T.	GrabAGun.
Mkt Cap	-	12.5	1.7	-	-	7.1
P/S	-	1.1	2.1	-	-	1.6
P/EBIT	-	16.8	49.2	-	-	33.0
P/E	-	23.0	-466.2	-	-	-221.6
P/CFO	-	62.7	36.4	-	-	49.5
Total Yield	-	5.6%	-0.2%	-	-	2.7%
Dividend Yield	-	1.2%	0.0%	-	-	0.6%
FCF Yield 3Y Avg	-	3.0%	-2.1%	-	-	0.4%
D/E	-	0.3	0.1	-	-	0.2
Net D/E	-	0.3	0.1	-	-	0.2

Returns

	FLY	HII	ATRO	DFSC	PEW	Median
Name	Firefly .	Huntingt.	Astronics	DEFSEC T.	GrabAGun.
1M Rtn	-16.6%	10.8%	7.6%	22.2%	-1.5%	7.6%
3M Rtn	-	15.0%	35.9%	5.6%	-28.5%	10.3%
6M Rtn	-	41.8%	113.2%	-	-	77.5%
12M Rtn	-	30.7%	167.8%	-	-	99.2%
3Y Rtn	-	32.9%	430.1%	-	-	231.5%
1M Excs Rtn	-10.0%	9.9%	7.5%	13.1%	-1.9%	7.5%
3M Excs Rtn	-	9.5%	33.9%	-3.0%	-38.1%	3.2%
6M Excs Rtn	-	20.1%	91.4%	-	-	55.7%
12M Excs Rtn	-	11.1%	149.9%	-	-	80.5%
3Y Excs Rtn	-	-41.6%	398.0%	-	-	178.2%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023
Period End	6/30/2025	12/31/2024	12/31/2023
Filing Date	9/22/2025	8/8/2025	8/8/2025
Key Financials
Total Revenue	101	61	55
EBITDA	-201	-198	-127
Operating Income	-211	-208	-132
Net Income	-230	-231	-135
EPS	-919.51	-1.77	-1229.57
Growth Rates
Total Revenue Growth	-	10.1%	-
EBITDA Growth	-	-56.3%	-
Operating Income Growth	-	-57.5%	-
Net Income Growth	-	-70.6%	-
Margins
EBITDA Margin	-199.7%	-326.1%	-229.5%
Operating Income Margin	-209.3%	-341.7%	-238.8%
Net Income Margin	-228.3%	-380.2%	-245.2%
Cash & Debt
Total Cash	205	123	82
Total Debt	168	168	121
Net Debt / (Cash)	-38	45	39
Cash Flows
Net Cash from Operations	-165	-158	-93
Free Cash from Operations	-199	-190	-171
Returns to Shareholders
Dividends	0	-0	-0
Share Repurchases	-0	-0	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q2	2024Q1
Period End	6/30/2025	3/31/2025	6/30/2024	3/31/2024
Filing Date	9/22/2025	8/8/2025	9/22/2025	8/8/2025
Key Financials Quarterly
Total Revenue	16	56	21	8
Ebitda	-55	-51	-48	-48
Operating Income	-54	-59	-49	-49
Net Income	-64	-60	-53	-53
EPS	-0.56	-0.42	-462.25	-456.28
Key Financials TTM
Total Revenue TTM	101	-	-	-
Ebitda TTM	-201	-	-	-
Operating Income TTM	-211	-	-	-
Net Income TTM	-230	-	-	-
Growth Rates Quarterly
Total Revenue Growth	-	-	-	-
EBITDA Growth	-	-	-	-
Operating Income Growth	-	-	-	-
Net Income Growth	-	-	-	-
Margins Quarterly
EBITDA Margin	-351.4%	-91.2%	-228.8%	-571.4%
Operating Income Margin	-349.5%	-104.8%	-232.0%	-590.8%
Net Income Margin	-410.2%	-107.6%	-253.7%	-634.5%
Cash & Debt
Total Cash	205	177	-	-
Total Debt	168	167	0	0
Net Debt / (Cash)	-38	-10	-	-
Cash Flows Quarterly
FCF from Operations	-28	-57	-20	-61
Cash Flows TTM
FCF from Operations TTM	-165	-	-	-
Returns to Shareholders Quarterly
Dividends	0	0	0	0
Share Repurchases	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	-	-	-

	1M	2M	3M	6M	1Y	3Y
Beta	3.85	3.12	1.70	0.62	0.22	-0.34
Up Beta	-1.15	-3.13	-1.69	0.86	1.48	-3.24
Down Beta	13.62	-7.64	-1.69	-0.71	-1.21	3.34
Up Capture	-215%	-219%	-156%	-38%	-17%	-2%
Bmk +ve Days	13	23	35	74	144	420
Stock +ve Days	9	15	15	15	15	15
Down Capture	981%	416%	318%	92%	54%	34%
Bmk -ve Days	8	19	29	52	107	330
Stock -ve Days	12	22	22	22	22	22

Short Interest

Short Interest: As Of Date	10152025
Short Interest: Shares Quantity	2,087,531
Short Interest: % Change Since 9302025	-0.9%
Average Daily Volume	3,121,237
Days-to-Cover Short Interest	1
Basic Shares Quantity	140,551,481
Short % of Basic Shares	1.5%

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
9/22/2025	-15.3%	-25.4%	-43.1%
SUMMARY STATS
# Positive	0	0	0
# Negative	1	1	1
Median Positive
Median Negative	-15.3%	-25.4%	-43.1%
Max Positive
Max Negative	-15.3%	-25.4%	-43.1%

	Forward Returns
9/22/2025	-15.3%	-25.4%	-43.1%
SUMMARY STATS
# Positive	0	0	0
# Negative	1	1	1
Median Positive
Median Negative	-15.3%	-25.4%	-43.1%
Max Positive
Max Negative	-15.3%	-25.4%	-43.1%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
6302025	9222025	10-Q 6/30/2025
12312024	8082025	424B4 12/31/2024

Insider Activity

Expand for More

	Owner	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Konert Kirk Michael	8082025	Buy	45.00	3,333	149,985	149,985	Form
1	Lusczakoski Jonathan Donald	8082025	Buy	45.00	266	11,970	11,970	Form
2	Braden Pamela Joyce	8082025	Buy	45.00	8,888	399,960	1,091,340	Form
3	Zurbuchen Thomas Hansueli	8082025	Buy	45.00	800	36,000	36,000	Form
4	AEROEQUITY GP, LLC	8082025	Buy	45.00	11,111	499,995	499,995	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Firefly Aerospace (FLY)

Market Price (10/31/2025): $24.6 | Market Cap: $3.5 BilSector: Industrials | Industry: Aerospace & Defense

Firefly Aerospace (FLY)

Market Price (10/31/2025): $24.6Market Cap: $3.5 BilSector: IndustrialsIndustry: Aerospace & Defense

Market Valuation & Key Metrics

FLY Stock

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Firefly Aerospace (FLY)

Interactive Breakdown

Better Bets than Firefly Aerospace (FLY)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Firefly Aerospace

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

Financials

Segment Financials

Price Behavior

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (10/31/2025): $24.6 | Market Cap: $3.5 Bil
Sector: Industrials | Industry: Aerospace & Defense

Market Price (10/31/2025): $24.6
Market Cap: $3.5 Bil
Sector: Industrials
Industry: Aerospace & Defense