Firefly Aerospace vs Redwire
Redwire is the larger business, with $335m of revenue in fiscal 2025 against $160m for Firefly Aerospace (2.1 times as much). Firefly Aerospace grew faster (163.0% against 10.3%). Redwire kept more of each dollar of sales as profit: a net margin of -67.6% against -186.6%. Redwire carries less debt relative to equity (8.3% against 24.3%).
| Latest fiscal year | Firefly AerospaceFLY, 2025 | RedwireRDW, 2025 |
|---|---|---|
| Revenue | $160m | $335m |
| Revenue growth | 163.0% | 10.3% |
| Net income | −$298m | −$227m |
| Operating margin | -163.1% | -68.5% |
| Net margin | -186.6% | -67.6% |
| Return on equity | -141.3% | -52.0% |
| Free cash flow | −$238m | −$191m |
| Cash | $793m | $94.5m |
| Total debt | $289m | $88.4m |
| Debt to equity | 24.3% | 8.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 1,409 | 1,410 |
| Market value | $2.86bn | $2.02bn |
| Price vs our value range | — | — |
| Moat score | — | 16 (Weak) |
| Insider trades, 12 months | 0 buys, 4 sales | 6 buys, 39 sales |