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Firefly Aerospace vs TAT Technologies

Firefly Aerospace and TAT Technologies are similar in size: $160m and $178m of revenue in their latest fiscal years. Firefly Aerospace grew faster (163.0% against 17.0%). TAT Technologies kept more of each dollar of sales as profit: a net margin of 9.4% against -186.6%. TAT Technologies carries less debt relative to equity (6.6% against 24.3%).

Latest fiscal yearFirefly AerospaceFLY, 2025TAT TechnologiesTATT, 2025
Revenue $160m $178m
Revenue growth 163.0% 17.0%
Net income −$298m $16.8m
Operating margin -163.1% 10.6%
Net margin -186.6% 9.4%
Return on equity -141.3% 11.7%
Free cash flow −$238m $4.0m
Cash $793m $51.3m
Total debt $289m $11.7m
Debt to equity 24.3% 6.6%
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees 1,409 —
Market value $2.86bn $500m
Price vs our value range — —
Moat score — —
Insider trades, 12 months 0 buys, 4 sales 0 buys, 3 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.