SpaceX margins

Profitability and cash generation as a share of revenue.

Historical registration statements: Space Exploration Technologies Corp., historical consolidated statements, as presented in the prospectus. Pre-separation financing and parent allocations differ from the standalone issuer. Missing debt, interest, PPE capex and five-year comparisons are not inferred.

Gross margin

55.27%

Operating margin

-1.83%

Net margin

-6.92%

EBITDA margin

34.62%

Operating cash flow margin

—

The reported inputs required for this metric are unavailable in the extracted statements for this period.

Free cash flow margin

—

The reported inputs required for this metric are unavailable in the extracted statements for this period.

Capex / revenue

—

The reported inputs required for this metric are unavailable in the extracted statements for this period.

SBC / revenue

—

The reported inputs required for this metric are unavailable in the extracted statements for this period.

Quarterly data

SpaceX margins history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Gross margin%	Operating margin%	Net margin%	EBITDA margin%	Operating cash flow margin%	Free cash flow margin%	Capex / revenue%	SBC / revenue%
FY 2026 Q2	Jun 30, 2026	55.27%	-1.83%	-6.92%	34.62%	—	—	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 19, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

FCF subtracts reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Acquisitions and noncash lease additions are excluded. EPS and weighted shares are not summed across quarters. Annual figures use annual reports.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Market prices: Yahoo Finance · SPCX, USD. Latest completed close Oct 21, 2026. Price data retrieved Oct 22, 2026.

Gross margin: Gross profit / revenue × 100. Uses revenue − reported cost of revenue when gross profit is absent.
Operating margin: Operating income / revenue × 100. Uses reported operating income, or reported pretax income less the complete nonoperating income/expense total when both are available.
Net margin: Reported net income / revenue × 100.
EBITDA margin: (Operating income + reported depreciation and amortization) / revenue × 100. An EBITDA proxy, not adjusted EBITDA.
Operating cash flow margin: Operating cash flow / revenue × 100.
Free cash flow margin: Free cash flow / revenue × 100. Reflects the selected reported capex scope and the SBC option.
Capex / revenue: Reported cash capital investment / revenue × 100. Uses PPE purchases or, when those are not separately tagged, the broader productive-assets total.
SBC / revenue: Reported share-based compensation / revenue × 100.