York Space Systems (YSS)
Market Price (10/10/2026): $7.14 | Market Cap: $914.6 MilSector: Industrials | Industry: Aerospace & Defense
York Space Systems (YSS)
Market Price (10/10/2026): $7.14Market Cap: $914.6 MilSector: IndustrialsIndustry: Aerospace & Defense
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -39% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -65% Megatrend and thematic driversMegatrends include Advanced Aviation & Space. Themes include Commercial Space Exploration, Satellite Manufacturing, and Earth Observation & Remote Sensing. | Weak multi-year price returns2Y Excs Rtn is -115%, 3Y Excs Rtn is -162% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -171 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -42% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 24% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -51%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -54% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -26% High stock price volatilityVol 12M is 117% Key risksYSS key risks include [1] heavy reliance on U.S. Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -39% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -65% |
| Megatrend and thematic driversMegatrends include Advanced Aviation & Space. Themes include Commercial Space Exploration, Satellite Manufacturing, and Earth Observation & Remote Sensing. |
| Weak multi-year price returns2Y Excs Rtn is -115%, 3Y Excs Rtn is -162% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -171 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -42% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 24% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -51%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -54% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -26% |
| High stock price volatilityVol 12M is 117% |
| Key risksYSS key risks include [1] heavy reliance on U.S. Show more. |
Qualitative Assessment
AI Analysis | Feedback
York Space Systems (YSS) stock has lost about 70% since 6/30/2026 because of the following key factors:
1. Significant Reduction in Fiscal Year 2026 Revenue Guidance. York Space Systems dramatically cut its full-year fiscal 2026 revenue guidance to a range of $375 million to $405 million, down from a previous midpoint of $570 million, announced on August 13, 2026. This reduction of nearly one-third was a primary catalyst, causing shares to plunge 23% in after-hours trading. The company attributed this decrease primarily to the removal of new business revenue expected in fiscal year 2026.
2. Shift in U.S. Government Acquisition Methodologies. A core reason for the lowered guidance was the observed shift in how the U.S. government is acquiring spacecraft systems. The transition to an Indefinite Delivery Indefinite Quantity (IDIQ) approach, while potentially offering larger opportunities in the long term, results in a longer cycle for initial awards and delays revenue recognition from fiscal 2026 into fiscal 2027.
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York Space Systems (YSS) stock has lost about 70% since 6/30/2026 because of the following key factors:
1. Significant Reduction in Fiscal Year 2026 Revenue Guidance. York Space Systems dramatically cut its full-year fiscal 2026 revenue guidance to a range of $375 million to $405 million, down from a previous midpoint of $570 million, announced on August 13, 2026. This reduction of nearly one-third was a primary catalyst, causing shares to plunge 23% in after-hours trading. The company attributed this decrease primarily to the removal of new business revenue expected in fiscal year 2026.
2. Shift in U.S. Government Acquisition Methodologies. A core reason for the lowered guidance was the observed shift in how the U.S. government is acquiring spacecraft systems. The transition to an Indefinite Delivery Indefinite Quantity (IDIQ) approach, while potentially offering larger opportunities in the long term, results in a longer cycle for initial awards and delays revenue recognition from fiscal 2026 into fiscal 2027.
3. Fiscal Q2 2026 Earnings Miss and Continued Unprofitability. For the fiscal quarter ended June 30, 2026 (fiscal Q2 2026), York Space Systems reported an earnings per share (EPS) of -$0.31, missing analysts' consensus estimates of -$0.19 by $0.12. Despite a 10% year-over-year revenue increase to $92.5 million, the company remained unprofitable, reporting a net loss of $39.3 million and an adjusted EBITDA loss of $9.5 million.
4. Satellite Software Issues and Related Securities Lawsuits. Disclosures emerged regarding alleged issues with "mission-critical onboard software not fully functional before certain satellite launches." These disclosures led to several law firms soliciting investors for securities lawsuits, claiming that the company's IPO documents failed to reveal these issues. This negative development contributed to a reported 10.9% stock decline as the lawsuits gained prominence within the period.
5. Analyst Downgrades and Significant Price Target Reductions. Following the Q2 2026 earnings report and the revised revenue guidance, several Wall Street analysts downgraded their ratings and substantially reduced their price targets for YSS stock. For instance, Needham lowered its price target from $33 to $18, and Canaccord Genuity Group reduced its target from $36.00 to $13.50. The consensus price target among analysts decreased significantly, reflecting heightened concerns about the company's near-term outlook.
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Stock Movement Drivers
Fundamental Drivers
The -71.1% change in YSS stock from 6/30/2026 to 10/9/2026 was primarily driven by a -13.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 6302026 | 10092026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.62 | 7.11 | -71.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | � | 0.0% |
| Net Income Margin (%) | � | � | 0.0% |
| P/E Multiple | � | � | 0.0% |
| Shares Outstanding (Mil) | 108 | 125 | -13.8% |
| Cumulative Contribution | 0.0% |
Market Drivers
6/30/2026 to 10/9/2026| Return | Correlation | |
|---|---|---|
| YSS | -71.1% | |
| Market (SPY) | 4.3% | 41.4% |
| Sector (XLI) | -8.6% | 39.8% |
Fundamental Drivers
The -67.9% change in YSS stock from 3/31/2026 to 10/9/2026 was primarily driven by a 0.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 3312026 | 10092026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.17 | 7.11 | -67.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 386 | � | 0.0% |
| P/S Multiple | 7.2 | � | 0.0% |
| Shares Outstanding (Mil) | 125 | 125 | 0.2% |
| Cumulative Contribution | 0.0% |
Market Drivers
3/31/2026 to 10/9/2026| Return | Correlation | |
|---|---|---|
| YSS | -67.9% | |
| Market (SPY) | 20.0% | 32.8% |
| Sector (XLI) | 4.9% | 31.4% |
Fundamental Drivers
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Market Drivers
9/30/2025 to 10/9/2026| Return | Correlation | |
|---|---|---|
| YSS | ||
| Market (SPY) | 17.8% | 30.5% |
| Sector (XLI) | 10.7% | 29.8% |
Fundamental Drivers
nullnull
Market Drivers
9/30/2023 to 10/9/2026| Return | Correlation | |
|---|---|---|
| YSS | ||
| Market (SPY) | 88.4% | 30.5% |
| Sector (XLI) | 73.6% | 29.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| YSS Return | - | - | - | - | - | -78% | -78% |
| Peers Return | 13% | 20% | 2% | 4% | 30% | -7% | 73% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| YSS Win Rate | - | - | - | - | - | 20% | |
| Peers Win Rate | 55% | 57% | 43% | 57% | 60% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| YSS Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -18% | -25% | -25% | -22% | -18% | -30% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LMT, NOC, RTX, BA, LHX.
[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] 2026 data is for the year up to 10/9/2026 (YTD)
How Low Can It Go
YSS has limited trading history. Below is the Industrials sector ETF (XLI) in its place.
| Event | XLI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.8% | -18.8% |
| % Gain to Breakeven | 18.8% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -11.7% | -9.5% |
| % Gain to Breakeven | 13.2% | 10.5% |
| Time to Breakeven | 45 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.1% | -24.5% |
| % Gain to Breakeven | 25.1% | 32.4% |
| Time to Breakeven | 125 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.6% | -33.7% |
| % Gain to Breakeven | 71.2% | 50.9% |
| Time to Breakeven | 231 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.7% | -19.2% |
| % Gain to Breakeven | 31.1% | 23.8% |
| Time to Breakeven | 120 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -11.1% | -12.2% |
| % Gain to Breakeven | 12.5% | 13.9% |
| Time to Breakeven | 51 days | 62 days |
In The Past
State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
YSS has limited trading history. Below is the Industrials sector ETF (XLI) in its place.
| Event | XLI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.1% | -24.5% |
| % Gain to Breakeven | 25.1% | 32.4% |
| Time to Breakeven | 125 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.6% | -33.7% |
| % Gain to Breakeven | 71.2% | 50.9% |
| Time to Breakeven | 231 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.7% | -19.2% |
| % Gain to Breakeven | 31.1% | 23.8% |
| Time to Breakeven | 120 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.5% | -17.9% |
| % Gain to Breakeven | 29.0% | 21.8% |
| Time to Breakeven | 114 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -60.5% | -53.4% |
| % Gain to Breakeven | 153.2% | 114.4% |
| Time to Breakeven | 700 days | 1085 days |
In The Past
State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About York Space Systems (YSS)
York Space Systems (YSS) is a leading U.S.-based space and defense prime that provides mission-critical solutions for national security, government, and commercial customers. The company offers a vertically integrated, full technology stack, encompassing the design, production, integration, and operation of spacecraft and constellations. York is a prominent provider to the U.S. Department of Defense’s Proliferated Warfighter Space Architecture (PWSA), known for delivering satellites faster and at approximately half the cost of traditional competitors, and was the first to demonstrate Link-16 connectivity from space.
The company's core offerings include a differentiated suite of proprietary spacecraft platforms: the S-CLASS, LX-CLASS, and M-CLASS. These high-quality, low-cost, and modular satellites range from 100 to 2,000 kgs and feature significant hardware (75%) and software (95%) commonality across platforms for scalable solutions and reduced development costs. Complementing its hardware, York provides proprietary software for flight control, edge computing, and autonomous mission operations, including its Multi-Mission Operations Center (M-MOC) and Bastion ground software, which manages fleets across over 45 global antennas. York also offers continuous operational support, downlink antenna usage, and on-spacecraft upgrades, establishing a recurring revenue model throughout the mission lifecycle.
York is purpose-built to address evolving national security space challenges, focusing on missile defense, counter-space capabilities, and space domain awareness. It serves critical needs driven by increasing geopolitical tensions and growing defense spending, particularly for programs like the Golden Dome and the DoD’s PWSA. With a strong backlog of approximately $642 million and 107 spacecraft as of September 2025, York leverages its state-of-the-art facilities to produce over 1,000 satellites annually, positioning itself for significant growth in the rapidly expanding global satellite market.
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Here are 1-3 brief analogies for York Space Systems (YSS):
- Dell for national security satellites: York Space Systems rapidly produces modular, cost-effective satellites and integrated solutions, similar to how Dell built a business on configurable, affordable computers.
- AWS for defense in space: York Space Systems offers a vertically integrated, full-stack solution—from spacecraft hardware to software and ground operations—for mission-critical space infrastructure, much like Amazon Web Services provides comprehensive cloud computing services.
- SpaceX for national security satellites: York Space Systems is disrupting traditional defense primes with innovative, faster, and more cost-efficient satellite production and operations, similar to how SpaceX transformed the launch industry and is now a key defense partner.
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York Space Systems (YSS) Major Products and Services
**Products:**- S-CLASS Spacecraft: A high-quality, low-cost satellite platform for a wide array of space market needs.
- LX-CLASS Spacecraft: A specialized satellite platform leveraging the S-CLASS design with enhanced capabilities.
- M-CLASS Spacecraft: A large-scale satellite platform utilizing previous satellite designs, greatly enhancing scale and power for heavier spacecraft.
- Proprietary Satellite Software: A suite of software solutions, including flight control and edge computing, enabling versatile payload integration and autonomous operations.
- Multi-Mission Operations Center (M-MOC): A secure, autonomous command structure designed to manage multiple York spacecraft.
- Bastion Ground Software: A mission-ready ground software solution that allows operators to manage entire satellite fleets from a single ground architecture.
- Spacecraft Design, Production, and Integration: Comprehensive services encompassing the design, manufacturing, and integration of spacecraft.
- Mission Operations and Lifecycle Management: Continuous operational support and full lifecycle management of spacecraft and constellations, including on-spacecraft upgrades.
- Ground Station Network Access: Provides access to a global network of over 45 ground antennas for satellite command, control, and data transfer.
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York Space Systems (YSS) primarily sells its mission-critical solutions to government and national security entities. Its major customers include:
- U.S. Department of Defense (DoD): York is explicitly stated as the number one provider to the DoD's Proliferated Warfighter Space Architecture (PWSA) and deals directly with the Department of Defense.
- The space intelligence community: Mentioned as a key customer segment supporting growth.
- Other National Security and Government Customers: York provides solutions for the United States' national security priorities (e.g., missile defense, counter-space capabilities, space domain awareness), including specific initiatives like the "Golden Dome."
- Commercial Customers: The company also serves commercial customers, though no specific company names are provided in the background information, and the primary focus is on national security and government contracts.
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Dirk Wallinger, Chief Executive Officer
Dirk Wallinger is the Founder, President, and CEO of York Space Systems, which he established in 2012 with the goal of revolutionizing spacecraft affordability and deployment speed to transform space architectures and position the U.S. as a leader in the space economy. Prior to founding York, Wallinger served as a principal engineer on various space vehicles, including GeoEye-1, ORS-1, the Fermi Gamma-ray Observatory, and the Near Field Infrared Experiment (NFIRE) satellite, along with numerous classified programs.
Kevin A. Messerle, Chief Financial Officer
Kevin A. Messerle serves as the Chief Financial Officer for York Space Systems. He joined Summit Partners in 2015, where he was a member of Summit Partners Credit Advisors, and led origination activities in energy, transportation, and automotive sectors. His extensive experience in leveraged finance also includes previous roles at Regiment Capital, where he managed credit investments, and Davidson Kempner Capital Management, where he worked as a senior distressed debt analyst. He holds a BS in mechanical engineering from Pennsylvania State University and an MBA from MIT Sloan School of Management.
Melanie Preisser, Chief Legal & Administrative Officer
Melanie Preisser is the Chief Legal & Administrative Officer for York Space Systems.
Michael Swink, CTO / Flight Software Lead
Michael Swink holds the position of CTO / Flight Software Lead at York Space Systems.
Devjyoti Rudra, Chief Supply Chain Officer
Devjyoti Rudra is the Chief Supply Chain Officer at York Space Systems.
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Key Business Risks for York Space Systems (YSS)
- High Dependence on U.S. Government Contracts and Programs: A significant portion of York Space Systems' business relies on contracts with the U.S. Department of Defense (DoD) and participation in key programs like the Proliferated Warfighter Space Architecture (PWSA) and Golden Dome. Any changes in government spending priorities, budget allocations, program delays, or the inability to secure future government contracts could materially and adversely affect the company's revenue, backlog, and growth prospects.
- Maintaining Competitive Advantages in Price, Speed, and Technology: York Space Systems differentiates itself by offering satellites at approximately half the cost of competitors, with faster deployment, and sophisticated proprietary hardware and software. The space and defense industry is highly competitive, with established primes and emerging players. Failure to sustain these cost efficiencies, speed of delivery, or technological superiority, or if competitors introduce equally or more effective solutions, could erode York's market position, profitability, and ability to secure future contracts.
- Risk of Rapid Technological Evolution and Obsolescence: The space technology landscape is dynamic, with continuous advancements in satellite design, manufacturing, and operational capabilities. While York Space Systems emphasizes its proprietary, modular platforms and software, there is an inherent risk that new technologies, architectures, or capabilities developed by competitors could render York's current offerings less competitive or potentially obsolete if the company fails to innovate and adapt quickly.
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The addressable market for York Space Systems' main products and services, which include spacecraft and related solutions for the space ecosystem, is the global satellite market. This market was approximately $280 billion in 2022 and is projected to grow by approximately $320 billion to over $600 billion from 2023 to 2032, at an approximate 8% Compound Annual Growth Rate ("CAGR").
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Here are 3-5 expected drivers of future revenue growth for York Space Systems (YSS) over the next 2-3 years:
- Increased demand from the U.S. Department of Defense's Proliferated Warfighter Space Architecture (PWSA) and national security initiatives: York Space Systems is the number one provider to the U.S. DoD’s PWSA by number of spacecraft operating in-orbit, contracts, and variety of contract types as of September 2025. The company is purpose-built to address evolving national security space challenges and is positioned to capture an outsized share of growth in its core markets, supported by the Golden Dome, the space intelligence community, and the DoD’s PWSA program. This ongoing investment in defense spending and the need for rapidly deployable satellites for missile defense, counter-space capabilities, and space domain awareness will drive significant revenue growth.
- Expansion of recurring revenue through continuous operational support, software, and services: York's full lifecycle solution includes continuous operational support, downlink antenna usage, and proprietary software solutions, including on-spacecraft upgrades during the full orbital lifespan. The company expects recurring revenue to increase as the installed base of spacecraft in orbit grows, creating a highly visible revenue model, accelerating growth, and increasing margins. The expected replacement cycle for current space vehicles is approximately five to six years, positioning York to act as a prime for the replacement and potential expansion of aging constellations, including those of competitors.
- Growth of recently acquired capabilities and integrated offerings: York's 2023 acquisition of Emergent Space Technologies bolstered its software capabilities, including flight control and edge computing. More recently, the ATLAS Space Operations acquisition added more than 45 ground antennas. These integrations enhance York's vertically integrated, full technology stack of solutions, allowing it to monetize the entire space vertical from launch to mission operations, spacecraft to payloads, and edge computing to data transfer, thereby driving revenue growth through comprehensive offerings.
- Scalable and cost-effective spacecraft platforms driving increased volume: York’s three different platforms (S-CLASS, LX-CLASS, and M-CLASS) share approximately 75% of the same hardware and 95% of the software, leading to significant cost reductions throughout the value chain. This modular and common architecture allows for scalable solutions at lower cost, enabling York to produce satellites at approximately half the cost of competitors. With quadrupled production capability to manufacture and test over 1,000 satellites annually, York is poised to meet high-volume demand faster and more affordably, capturing an increasing share of the growing global satellite market.
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Outbound Investments
- York acquired Emergent Space Technologies in 2023 to bolster its software capabilities, including flight control and edge computing.
- York acquired ATLAS Space Operations, which added more than 45 ground antennas to its capabilities.
Capital Expenditures
- In August 2023, York opened its 60,000 square foot Potomac facility, quadrupling production capability to meet demand for manufacturing and testing over 1,000 satellites annually.
Peer Outperformance in Aerospace & Defense
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 3.5% | 117.5% | 193.9% | FIX 2132% · STRL 2095% · CDNL 1525% |
| Marine Transportation | 5 | 101.3% | 65.7% | 162.0% | HOS 39216% · MATX 193% · KEX 162% |
| Construction Machinery & Heavy Transportation Equipment | 13 | -3.1% | 39.0% | 96.3% | CAT 347% · ALSN 232% · WAB 228% |
| Aerospace & Defense ← | 54 | -14.9% | 65.1% | 61.3% | ATI 1032% · FTAI 842% · HWM 622% |
| Industrial Machinery & Supplies & Components | 72 | 12.5% | 42.0% | 46.4% | PSIX 1201% · CRS 1127% · EROC 587% |
| Rail Transportation | 7 | 22.7% | 56.3% | 43.9% | FSTR 124% · CSX 55% · RAIL 47% |
| Trading Companies & Distributors | 19 | 7.3% | 30.2% | 41.1% | DXPE 475% · AIT 264% · WCC 224% |
| Cargo Ground Transportation | 16 | 33.3% | 0.1% | 31.1% | XPO 286% · R 223% · CVLG 139% |
| Electrical Components & Equipment | 39 | -5.6% | 61.6% | 28.9% | POWL 2302% · BE 1365% · VRT 988% |
| Diversified Support Services | 32 | 6.6% | 29.1% | 28.0% | LIME 3223% · TH 366% · CXW 250% |
| Building Products | 33 | -14.6% | 0.3% | 15.8% | LMB 728% · GFF 332% · PPIH 263% |
| Industrial Conglomerates | 17 | 8.9% | 3.4% | -4.4% | RCMT 567% · CSW 116% · DD 69% |
| Agricultural & Farm Machinery | 17 | 8.6% | -10.7% | -8.6% | BLBD 178% · DE 93% · GENC 62% |
| Environmental & Facilities Services | 30 | -36.9% | 14.0% | -9.1% | CECO 823% · ADUR 403% · NVRI 320% |
| Research & Consulting Services | 13 | -3.6% | -27.0% | -11.3% | HURN 232% · CRAI 76% · GRNQ 22% |
| Security & Alarm Services | 9 | -42.7% | -3.4% | -17.5% | CIX 164% · MG 113% · BCO 72% |
| Passenger Ground Transportation | 3 | -25.5% | 45.1% | -19.3% | UBER 50% · CAR -19% · LYFT -70% |
| Data Processing & Outsourced Services | 6 | -29.5% | -11.4% | -23.5% | EXLS 46% · BR 7% · G -23% |
| Office Services & Supplies | 9 | 25.1% | 17.4% | -26.0% | PBI 181% · TILE 125% · HNI 47% |
| Passenger Airlines | 11 | 7.9% | 17.8% | -34.2% | LTM 3338% · UAL 119% · DAL 96% |
| Air Freight & Logistics | 12 | -25.6% | -27.8% | -36.2% | FDX 80% · EXPD 79% · CHRW 77% |
| Human Resource & Employment Services | 22 | 7.9% | -21.1% | -42.3% | BBSI 64% · ADP 47% · KFY 4% |
| Airport Services | 3 | -77.1% | -79.3% | -70.7% | JOBY -40% · ASLE -71% · UP -100% |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 213.75 |
| Mkt Cap | 92.9 |
| Rev LTM | 59,953 |
| Op Inc LTM | 3,456 |
| FCF LTM | 3,227 |
| FCF 3Y Avg | 2,526 |
| CFO LTM | 4,358 |
| CFO 3Y Avg | 4,142 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.3% |
| Rev Chg 3Y Avg | 8.6% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Inc Chg LTM | 26.0% |
| Op Inc Chg 3Y Avg | 9.9% |
| Op Mgn LTM | 10.4% |
| Op Mgn 3Y Avg | 9.1% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 12.7% |
| CFO/Rev 3Y Avg | 11.0% |
| FCF/Rev LTM | 9.9% |
| FCF/Rev 3Y Avg | 8.6% |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.68 | 4.29 | 3.62 | 3.29 | -0.40 | 0.91 |
| Up Beta | 13.50 | 5.43 | 3.37 | 2.65 | 0.53 | 0.40 |
| Down Beta | 6.31 | 0.71 | 3.77 | 0.92 | 1.31 | 0.29 |
| Up Capture | 368% | 263% | 115% | 336% | 171% | 16% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 9 | 17 | 22 | 55 | 73 | 73 |
| Down Capture | 326% | 597% | 476% | 331% | 181% | 104% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 13 | 25 | 42 | 71 | 95 | 95 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with YSS | |
|---|---|---|---|---|
| YSS | -79.0% | 116.8% | -1.37 | - |
| Sector ETF (XLI) | 9.8% | 17.4% | 0.37 | 29.8% |
| Equity (SPY) | 16.7% | 13.0% | 0.91 | 30.5% |
| Gold (GLD) | 3.3% | 29.5% | 0.11 | 16.1% |
| Commodities (DBC) | 44.8% | 20.9% | 1.67 | -16.7% |
| Real Estate (VNQ) | 4.8% | 13.8% | 0.09 | 18.8% |
| Bitcoin (BTCUSD) | -33.8% | 44.2% | -0.81 | 22.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with YSS | |
|---|---|---|---|---|
| YSS | -26.7% | 116.8% | -1.37 | - |
| Sector ETF (XLI) | 12.9% | 17.6% | 0.56 | 29.8% |
| Equity (SPY) | 13.9% | 17.1% | 0.62 | 30.5% |
| Gold (GLD) | 18.5% | 18.9% | 0.79 | 16.1% |
| Commodities (DBC) | 10.0% | 19.6% | 0.39 | -16.7% |
| Real Estate (VNQ) | 1.3% | 18.8% | -0.04 | 18.8% |
| Bitcoin (BTCUSD) | 11.2% | 52.0% | 0.39 | 22.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with YSS | |
|---|---|---|---|---|
| YSS | -14.4% | 116.8% | -1.37 | - |
| Sector ETF (XLI) | 13.2% | 20.0% | 0.58 | 29.8% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 30.5% |
| Gold (GLD) | 11.8% | 16.4% | 0.59 | 16.1% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | -16.7% |
| Real Estate (VNQ) | 4.5% | 20.7% | 0.18 | 18.8% |
| Bitcoin (BTCUSD) | 63.3% | 66.2% | 1.03 | 22.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Recent Forward Guidance
Updated 10/8/2026Latest: Q2 2026 Earnings Reported 8/13/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 375.00 Mil | 390.00 Mil | 405.00 Mil | -31.6% | Lowered | Guidance: 570.00 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/14/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 545.00 Mil | 570.00 Mil | 595.00 Mil | 0 | Affirmed | Guidance: 570.00 Mil for 2026 | |
Insider Activity
Updated 8/10/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Blackrock, Portfolio Management Llc | See footnotes | Sell | 8102026 | 10.99 | 200,170 | 2,199,868 | 181,523,094 | Form | |
| 2 | Blackrock, Portfolio Management Llc | See footnotes | Sell | 8102026 | 11.60 | 201,504 | 2,337,446 | 193,920,506 | Form | |
| 3 | Blackrock, Portfolio Management Llc | See footnotes | Sell | 8062026 | 13.65 | 127,946 | 1,747,085 | 231,195,839 | Form | |
| 4 | Blackrock, Portfolio Management Llc | See footnotes | Sell | 8062026 | 15.50 | 534,053 | 8,277,010 | 264,393,837 | Form | |
| 5 | Blackrock, Portfolio Management Llc | See footnotes | Sell | 8042026 | 15.03 | 13,754 | 206,723 | 264,428,697 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Blackrock, Portfolio Management Llc | See footnotes | Sell | 8102026 | 10.99 | 200,170 | 2,199,868 | 181,523,094 | Form | |
| 2 | Blackrock, Portfolio Management Llc | See footnotes | Sell | 8102026 | 11.60 | 201,504 | 2,337,446 | 193,920,506 | Form | |
| 3 | Blackrock, Portfolio Management Llc | See footnotes | Sell | 8062026 | 13.65 | 127,946 | 1,747,085 | 231,195,839 | Form | |
| 4 | Blackrock, Portfolio Management Llc | See footnotes | Sell | 8062026 | 15.50 | 534,053 | 8,277,010 | 264,393,837 | Form | |
| 5 | Blackrock, Portfolio Management Llc | See footnotes | Sell | 8042026 | 15.03 | 13,754 | 206,723 | 264,428,697 | Form | |
| 6 | Blackrock, Portfolio Management Llc | See footnotes | Sell | 8042026 | 15.14 | 35,574 | 538,590 | 266,572,206 | Form | |
| 7 | Blackrock, Portfolio Management Llc | See footnotes | Sell | 7312026 | 15.18 | 140,823 | 2,137,693 | 267,816,505 | Form | |
| 8 | Blackrock, Portfolio Management Llc | See footnotes | Sell | 7312026 | 15.31 | 63,390 | 970,501 | 272,266,059 | Form | |
| 9 | Erwin, Tami A | Direct | Buy | 2032026 | 34.00 | 2,941 | 99,994 | 2,719,456 | Form | |
| 10 | Letarte, Tyler | spouse | Buy | 2032026 | 34.00 | 1,470 | 49,980 | 49,980 | Form | |
| 11 | Blackrock, Portfolio Management Llc | See footnote | Buy | 2032026 | 34.00 | 752,500 | 25,585,000 | 606,795,756 | Form |
Investor Activity (13F)
Updated Oct 10, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Aerospace & Defense Resources |
| Defense News |
| FlightGlobal |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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