Firefly Aerospace Inc. (FLY) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Firefly Aerospace Inc. stock $16.16, price $23.70, that is 31.8% below the price, quality 33 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.
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Firefly Aerospace Inc.
FLY · USOur calculation puts a fair price 32% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
15‑month range $15.18 – $60.35 · fair‑value band $12.12 – $20.20 · the $23.70 price screens above the $16.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Company profile
Firefly Aerospace Inc. operates as a space and defense technology company and provides mission solutions for national security, government, and commercial customers in United States.
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The company offers integrated launch and space services technology that is committed to enabling launch, transit, and operations in space. It also provides Launch solutions, such as Alpha, a responsive launch services; and Eclipse, a medium-lift launch vehicles.
In addition, the company offers spacecraft solutions platforms, including Blue Ghost, a lunar delivery and operation service; and Elytra, which provides space maneuverability and servicing.
Further, it provides software and sensor solutions; national security software and big data processing capabilities; and responsive space services, as well as Ocula, a lunar imaging service. Firefly Aerospace Inc. was incorporated in 2017 and is headquartered in Leander, Texas.
Stock analysis
Firefly Aerospace Inc. (FLY) currently trades at $23.70, while our estimate is $16.16, 32% below the price, so the stock looks overvalued today.
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Valuation
None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.
Scenario range: $12.12 (bear) to $20.20 (bull), the price of $23.70 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 33/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Firefly Aerospace Inc. Common Stock reported revenue of $160M in FY2025 versus $55.2M in FY2023, a compound +70.1%/yr. Reported net income was −$298M in FY2025.
Key figures
Market cap $3.8B Mid · P/S ratio 8.85 · EPS (TTM) $−0.2600 · Dividend yield 0.2% · Return on equity −58.0% · Return on assets (EBIT) −35.3% (3-year average) · Operating margin −80.9% · Revenue (TTM) $287M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).
What moves the price
The share trades about 60% below its 52-week high and 56% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −27% fair-value upside, at −32%, FLY screens richer than that median.
Fair Value
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, one officer or director sold shares worth $169,877 and none bought.
- SaleGlow NS Holdings, LLC10% owner8,000,000 shares at $48.00$384.0MJun 1, 2026
- SaleDavid Leigh WheelerGeneral Counsel2× since Apr 17, 2026: 7,531 shares, avg. $45.08$339,497May 18, 202610b5-1 plan
Plus 17 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 10, 2026. All filings at the SEC ↗
Revenue & earnings trend
FLY screens overvalued: fair value 32% below the price. Compare with General Electric Company →
Recent news
- Why Did Firefly Aerospace (FLY) Move Today?
- Firefly Aerospace (FLY) Bags $1.3B Deal With AST, Shares Surge 36.8%
- FireFly Aerospace announces $1.3B rocket engine pact with AST SpaceMobile
- AST SpaceMobile Will Use Firefly in Bold Move to Build Its Starlink Competitor
Compare Firefly Aerospace Inc. Common Stock with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Aerospace & Defense · 260 stocks
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Fair value gap by industry
- Return on assets by industry
- Stock screener with 62 metrics
- Undervalued stocks: Industrials
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- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Honeywell Aerospace Inc HONA | $166.47 | $181.25 | +9% | vs FLY |
| TransDigm Group TDG | $1,226 | $1,317 | +7% | vs FLY |
| General Dynamics Corporation GD | $367.44 | $274.19 | −25% | vs FLY |
| Thales S.A HO | €232.70 | €170.99 | −27% | vs FLY |
| Lockheed Martin Corporation LMT | $603.12 | $439.21 | −27% | vs FLY |
| Northrop Grumman Corporation NOC | $548.61 | $382.98 | −30% | vs FLY |
| Airbus SE AIR | €208.25 | €112.14 | −46% | vs FLY |
| RTX Corporation RTX | $200.27 | $88.19 | −56% | vs FLY |
| General Electric Company GE | $337.91 | $92.26 | −73% | vs FLY |
| Howmet Aerospace Inc HWM | $219.05 | $52.65 | −76% | vs FLY |
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Key figures of Firefly Aerospace Inc.
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