TTM
—
YoY change
−17.19pp
Trough year (2023)
-33.7%
Peak year (2024)
3.3%
Latest annual
-13.9%
Operating Margin history chart for SpaceX (SPCX) from 2023 to 2025
Latest: -13.9%
Operating Margin change chart for SpaceX (SPCX) from 2023 to 2025
Latest: −17.19pp
Operating Margin history table for SpaceX (SPCX) from 2023 to 2025
| 2025 | -13.9% | -17.19pp | ||
| 2024 | 3.3% | +37.07pp | ||
| 2023 | -33.7% | — |
- 2025-13.9%-17.19pp
- 20243.3%+37.07pp
- 2023-33.7%—
Operating 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 Operating Margin at SpaceX (SPCX)
According to SpaceX's latest reported financial statements, the company's latest reported operating margin is -13.9%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
SpaceX (SPCX) most recent annual operating margin stands at -13.86% (2025) – contracted 17.2 percentage points year-over-year.
SpaceX Operating Margin by Year
SpaceX Operating Margin 2025: -13.9%
In 2025, SpaceX reported operating margin of -13.86%, contracted 17.2 percentage points from 2024.
SpaceX Operating Margin 2024: 3.3%
SpaceX operating margin in 2024 was 3.33%, expanded 37.1 percentage points from 2023. This figure represents the highest annual value in the available history.
SpaceX Operating Margin 2023: -33.7%
SpaceX operating margin in 2023 was -33.74%.
See more financial history for SpaceX (SPCX).
Sector peers by Operating Margin
Industrials peers of SpaceX (SPCX), ranked by their latest operating margin
| 40.1% | |
| 18.5% | |
| 18.1% | |
| 17.9% | |
| 16.6% | |
| 14.9% | |
| 10.9% | |
| -5.9% |
- 40.1%
- 18.5%
- 17.9%
- 16.6%
- 10.9%
- -5.9%
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SpaceX (SPCX) Key Financials
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