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Firefly Aerospace vs Redwire: revenue, profit, margins and growth compared

Firefly Aerospace brought in $159.9M of revenue in fiscal 2025, Redwire $335.4M in fiscal 2025. Revenue changed by +163.0% at Firefly Aerospace and +10.3% at Redwire on the year before, so Firefly Aerospace grew faster. Firefly Aerospace kept -186.6% of its revenue as net profit, Redwire -67.6%. Free cash flow was -$237.8M at Firefly Aerospace and -$190.8M at Redwire.

Side by side, latest fiscal year

FLYRDW
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$159.9M$335.4M
Revenue growth+163.0%+10.3%
Net income-$298.3M-$226.6M
Net margin-186.6%-67.6%
Free cash flow-$237.8M-$190.8M
Free cash flow margin-148.7%-56.9%
Earnings per share (diluted)-$4.83-$2.28
Cash$793M$94.5M
Debtn/a$85.2M
Price to earningsn/an/a
Market value$4.1B$2.9B
Dividend yieldn/an/a
Rank by revenue in sector#367 of 451 · Industrials#344 of 451 · Industrials

Over the years

Revenue
FLY FY2023: $55.2MFLY FY2025: $60.8MFLY FY2025: $159.9MRDW FY2021: $137.6MRDW FY2022: $160.5MRDW FY2023: $243.8MRDW FY2024: $304.1MRDW FY2025: $335.4MFY21FY22FY23FY24FY25
FLY $159.9MRDW $335.4M
Net income
FLY FY2023: -$135.5MFLY FY2025: -$231.1MFLY FY2025: -$298.3MRDW FY2021: -$61.5MRDW FY2022: -$130.6MRDW FY2023: -$27.3MRDW FY2024: -$114.3MRDW FY2025: -$226.6MFY21FY22FY23FY24FY25
FLY -$298.3MRDW -$226.6M
Net margin
FLY FY2023: -245.2%FLY FY2025: -380.2%FLY FY2025: -186.6%RDW FY2021: -44.7%RDW FY2022: -81.4%RDW FY2023: -11.2%RDW FY2024: -37.6%RDW FY2025: -67.6%FY21FY22FY23FY24FY25
FLY -186.6%RDW -67.6%
Revenue growth
FLY FY2025: +10.1%FLY FY2025: +163.0%RDW FY2022: +16.7%RDW FY2023: +51.9%RDW FY2024: +24.7%RDW FY2025: +10.3%FY22FY23FY24FY25
FLY +163.0%RDW +10.3%
Free cash flow
FLY FY2023: -$170.7MFLY FY2025: -$190.3MFLY FY2025: -$237.8MRDW FY2021: -$39.5MRDW FY2022: -$35.3MRDW FY2023: -$4.4MRDW FY2024: -$23.7MRDW FY2025: -$190.8MFY21FY22FY23FY24FY25
FLY -$237.8MRDW -$190.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Firefly Aerospace and Redwire

Which is bigger by revenue, Firefly Aerospace or Redwire?

Redwire is bigger by revenue: $335.4M in fiscal 2025, against $159.9M for Firefly Aerospace in fiscal 2025.

Which keeps more of its revenue as profit, Firefly Aerospace or Redwire?

Firefly Aerospace had a net margin of -186.6% in fiscal 2025; Redwire had -67.6% in fiscal 2025.

Which grew revenue faster, Firefly Aerospace or Redwire?

In their latest fiscal years revenue changed by +163.0% at Firefly Aerospace and +10.3% at Redwire.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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