TTM
—
YoY change
−36.28pp
Trough year (2025)
-74.7%
Peak year (2023)
1.0%
Latest annual
-74.7%
FCF Margin history chart for SpaceX (SPCX) from 2023 to 2025
Latest: -74.7%
FCF Margin change chart for SpaceX (SPCX) from 2023 to 2025
Latest: −36.28pp
FCF Margin history table for SpaceX (SPCX) from 2023 to 2025
| 2025 | -74.7% | -36.28pp | ||
| 2024 | -38.4% | -39.45pp | ||
| 2023 | 1.0% | — |
- 2025-74.7%-36.28pp
- 2024-38.4%-39.45pp
- 20231.0%—
FCF Margin values are taken from SpaceX's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at SpaceX (SPCX)
According to SpaceX's latest reported financial statements, the company's latest reported free cash flow margin is -74.7%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, SpaceX (SPCX) reported free cash flow margin of -74.71% – contracted 36.3 percentage points year-over-year.
SpaceX FCF Margin by Year
SpaceX FCF Margin 2025: -74.7%
In 2025, SpaceX reported free cash flow margin of -74.71%, contracted 36.3 percentage points from 2024. This figure represents the lowest annual value in the available history.
SpaceX FCF Margin 2024: -38.4%
SpaceX free cash flow margin in 2024 was -38.44%, contracted 39.4 percentage points from 2023.
SpaceX FCF Margin 2023: 1.0%
SpaceX free cash flow margin in 2023 was 1.01%.
See more financial history for SpaceX (SPCX).
Sector peers by FCF Margin
Industrials peers of SpaceX (SPCX), ranked by their latest free cash flow margin
| 23.1% | |
| 16.5% | |
| 16.2% | |
| 15.4% | |
| 11.4% | |
| 9.2% | |
| 0.8% | |
| -1.1% |
- 23.1%
- 16.2%
- 15.4%
- 9.2%
- -1.1%
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