Spirit Aerosys Financials
This page shows Spirit Aerosys (SPR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Spirit Aerosys has an operating margin of -28.3%, meaning the company retains $-28 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -2.2% the prior year.
Spirit Aerosys's revenue grew a modest 4.4% year-over-year to $6.3B. This slow but positive growth earns a score of 41/100.
Spirit Aerosys's current ratio of 1.05 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 22/100, which could limit financial flexibility.
Spirit Aerosys converts 15.3% of revenue into free cash flow ($968.4M). This strong cash generation earns a score of 77/100.
Spirit Aerosys passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Spirit Aerosys generates $0.52 in operating cash flow ($1.1B OCF vs $2.1B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Spirit Aerosys earns $-5.1 in operating income for every $1 of interest expense (-$1.8B vs $353.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Spirit Aerosys generated $6.3B in revenue in fiscal year 2024. This represents an increase of 4.4% from the prior year.
Spirit Aerosys's EBITDA was -$1.4B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 718.5% from the prior year.
Spirit Aerosys generated $968.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 1144.7% from the prior year.
Spirit Aerosys reported $2.1B in net income in fiscal year 2024. This represents an increase of 247.3% from the prior year.
Spirit Aerosys earned $-18.32 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 217.0% from the prior year.
Spirit Aerosys held $537.0M in cash against $4.2B in long-term debt as of fiscal year 2024.
Spirit Aerosys paid $0.00 per share in dividends in fiscal year 2024.
Spirit Aerosys had 117M shares outstanding in fiscal year 2024. This represents an increase of 1.0% from the prior year.
Spirit Aerosys's gross margin was -21.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 25.1 percentage points from the prior year.
Spirit Aerosys's operating margin was -28.3% in fiscal year 2024, reflecting core business profitability. This is down 26.1 percentage points from the prior year.
Spirit Aerosys's net profit margin was 33.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 23.7 percentage points from the prior year.
Spirit Aerosys invested $47.5M in research and development in fiscal year 2024. This represents an increase of 4.6% from the prior year.
Spirit Aerosys invested $152.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 3.0% from the prior year.
SPR Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B-3.0% | $1.6B+7.4% | $1.5B-7.8% | $1.7B+10.7% | $1.5B-12.4% | $1.7B-6.1% | $1.8B+26.0% | $1.4B |
| Cost of Revenue | $2.2B+18.1% | $1.9B-5.9% | $2.0B-6.0% | $2.1B+22.2% | $1.7B-19.3% | $2.1B+40.5% | $1.5B+1.9% | $1.5B |
| Gross Profit | -$619.6M-167.8% | -$231.4M+49.8% | -$461.1M-0.8% | -$457.4M-95.9% | -$233.5M+46.4% | -$435.5M-249.5% | $291.4M+643.7% | -$53.6M |
| R&D Expenses | $9.3M-23.8% | $12.2M-15.9% | $14.5M+10.7% | $13.1M-2.2% | $13.4M+26.4% | $10.6M-7.8% | $11.5M+13.9% | $10.1M |
| SG&A Expenses | $40.5M-62.3% | $107.3M+16.9% | $91.8M-13.9% | $106.6M+27.5% | $83.6M+2.6% | $81.5M+26.0% | $64.7M-6.5% | $69.2M |
| Operating Income | -$646.5M-34.5% | -$480.8M+1.3% | -$487.0M+15.6% | -$577.1M-74.2% | -$331.3M+37.2% | -$527.6M-345.4% | $215.0M+260.8% | -$133.7M |
| Interest Expense | $94.5M-4.9% | $99.4M-0.1% | $99.5M-0.7% | $100.2M+21.7% | $82.3M+2.6% | $80.2M-17.8% | $97.6M+30.0% | $75.1M |
| Income Tax | -$2.6M-109.9% | $26.3M+338.3% | $6.0M+132.8% | -$18.3M-971.4% | $2.1M-80.9% | $11.0M-48.6% | $21.4M+791.7% | $2.4M |
| Net Income | -$724.3M-14.8% | -$631.0M-3.0% | -$612.9M-116.8% | $3.6B+978.6% | -$415.3M+32.7% | -$616.7M-147.2% | $1.3B+740.8% | -$204.1M |
| EPS (Diluted) | $-6.16-14.9% | $-5.36-2.9% | $-5.21+3.2% | $-5.38-51.1% | $-3.56+33.0% | $-5.31-763.7% | $0.80+141.2% | $-1.94 |
SPR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.1B-2.1% | $6.2B-3.7% | $6.5B-4.2% | $6.8B-1.4% | $6.9B+1.4% | $6.8B-2.7% | $7.0B+6.3% | $6.5B |
| Current Assets | $3.7B-1.1% | $3.8B+7.5% | $3.5B-6.8% | $3.8B+0.9% | $3.7B+3.3% | $3.6B-3.8% | $3.8B+13.0% | $3.3B |
| Cash & Equivalents | $299.0M-19.1% | $369.6M+67.8% | $220.2M-59.0% | $537.0M+160.7% | $206.0M-41.5% | $352.0M-57.3% | $823.5M+120.1% | $374.1M |
| Inventory | $1.2B-9.8% | $1.3B-33.4% | $2.0B+6.8% | $1.9B-0.1% | $1.9B+5.3% | $1.8B+1.7% | $1.8B+4.6% | $1.7B |
| Accounts Receivable | $323.6M+0.1% | $323.2M-38.7% | $527.6M+33.5% | $395.3M-29.4% | $560.0M-3.0% | $577.5M-1.4% | $585.5M-4.1% | $610.3M |
| Goodwill | $624.0M-1.0% | $630.3M0.0% | $630.2M0.0% | $630.0M-0.2% | $631.2M0.0% | $631.2M0.0% | $631.2M0.0% | $631.1M |
| Total Liabilities | $10.6B+5.9% | $10.0B+3.7% | $9.7B+3.1% | $9.4B+12.0% | $8.4B+6.3% | $7.9B+5.8% | $7.4B+0.7% | $7.4B |
| Current Liabilities | $5.5B+11.9% | $4.9B+43.8% | $3.4B-4.9% | $3.6B+25.0% | $2.9B+20.6% | $2.4B+7.7% | $2.2B-6.5% | $2.4B |
| Long-Term Debt | $4.2B+0.1% | $4.2B0.0% | $4.2B-0.4% | $4.2B+9.0% | $3.9B0.0% | $3.9B+0.1% | $3.9B+5.7% | $3.7B |
| Total Equity | -$4.5B-19.2% | -$3.8B-18.6% | -$3.2B-22.0% | -$2.6B-72.7% | -$1.5B-35.8% | -$1.1B-123.7% | -$499.7M+41.9% | -$859.4M |
| Retained Earnings | -$3.5B-26.2% | -$2.8B-29.5% | -$2.1B-40.2% | -$1.5B-266.5% | -$415.7M-103825.0% | -$400K-100.1% | $616.3M+13.9% | $540.9M |
SPR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$187.2M-30.3% | -$143.7M+65.7% | -$419.5M-117.6% | $2.4B+520.6% | -$565.5M-36.1% | -$415.6M | $0 | $0 |
| Capital Expenditures | $42.5M-8.4% | $46.4M-15.2% | $54.7M+19.7% | $45.7M+44.6% | $31.6M+10.1% | $28.7M-59.9% | $71.5M+183.7% | $25.2M |
| Free Cash Flow | -$229.7M-20.8% | -$190.1M+59.9% | -$474.2M-120.3% | $2.3B+490.7% | -$597.1M-34.4% | -$444.3M-521.4% | -$71.5M-183.7% | -$25.2M |
| Investing Cash Flow | -$31.3M+24.6% | -$41.5M-138.5% | $107.9M+336.1% | -$45.7M-44.6% | -$31.6M-10.1% | -$28.7M+59.7% | -$71.3M-182.9% | -$25.2M |
| Financing Cash Flow | $164.4M-52.0% | $342.7M+31254.5% | -$1.1M-100.5% | $229.7M-49.0% | $450.4M+2194.9% | -$21.5M-105.4% | $397.5M+3713.6% | -$11.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SPR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -39.1%-24.9pp | -14.1%+16.2pp | -30.3%-2.6pp | -27.7%-12.1pp | -15.7%+9.9pp | -25.6%-41.7pp | 16.1%+19.8pp | -3.7% |
| Operating Margin | -40.8%-11.4pp | -29.4%+2.6pp | -32.0%+2.9pp | -34.9%-12.7pp | -22.2%+8.8pp | -31.0%-42.8pp | 11.9%+21.1pp | -9.3% |
| Net Margin | -45.7%-7.1pp | -38.6%+1.7pp | -40.3%-261.2pp | 221.0%+248.8pp | -27.8%+8.4pp | -36.2%-108.4pp | 72.1%+86.3pp | -14.2% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -11.9%-1.7pp | -10.1%-0.7pp | -9.5%-63.4pp | 53.9%+60.0pp | -6.1%+3.1pp | -9.1%-27.9pp | 18.8%+21.9pp | -3.1% |
| Current Ratio | 0.68-0.1 | 0.77-0.3 | 1.03-0.0 | 1.05-0.3 | 1.31-0.2 | 1.52-0.2 | 1.71+0.3 | 1.41 |
| Debt-to-Equity | -0.93+0.2 | -1.11+0.2 | -1.32+0.3 | -1.61+0.9 | -2.56+0.9 | -3.47+4.3 | -7.76-3.5 | -4.27 |
| FCF Margin | -14.5%-2.9pp | -11.6%+19.5pp | -31.2%-172.4pp | 141.3%+181.3pp | -40.0%-13.9pp | -26.1%-22.2pp | -3.9%-2.2pp | -1.8% |
Note: Shareholder equity is negative (-$2.6B), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Spirit Aerosys's annual revenue?
Spirit Aerosys (SPR) reported $6.3B in total revenue for fiscal year 2024. This represents a 4.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Spirit Aerosys's revenue growing?
Spirit Aerosys (SPR) revenue grew by 4.4% year-over-year, from $6.0B to $6.3B in fiscal year 2024.
Is Spirit Aerosys profitable?
Yes, Spirit Aerosys (SPR) reported a net income of $2.1B in fiscal year 2024, with a net profit margin of 33.9%.
What is Spirit Aerosys's earnings per share (EPS)?
Spirit Aerosys (SPR) reported diluted earnings per share of $-18.32 for fiscal year 2024. This represents a -217.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Spirit Aerosys's EBITDA?
Spirit Aerosys (SPR) had EBITDA of -$1.4B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Spirit Aerosys have?
As of fiscal year 2024, Spirit Aerosys (SPR) had $537.0M in cash and equivalents against $4.2B in long-term debt.
What is Spirit Aerosys's gross margin?
Spirit Aerosys (SPR) had a gross margin of -21.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Spirit Aerosys's operating margin?
Spirit Aerosys (SPR) had an operating margin of -28.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Spirit Aerosys's net profit margin?
Spirit Aerosys (SPR) had a net profit margin of 33.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Spirit Aerosys's free cash flow?
Spirit Aerosys (SPR) generated $968.4M in free cash flow during fiscal year 2024. This represents a 1144.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Spirit Aerosys's operating cash flow?
Spirit Aerosys (SPR) generated $1.1B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Spirit Aerosys's total assets?
Spirit Aerosys (SPR) had $6.8B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Spirit Aerosys's capital expenditures?
Spirit Aerosys (SPR) invested $152.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Spirit Aerosys spend on research and development?
Spirit Aerosys (SPR) invested $47.5M in research and development during fiscal year 2024.
How many shares does Spirit Aerosys have outstanding?
Spirit Aerosys (SPR) had 117M shares outstanding as of fiscal year 2024.
What is Spirit Aerosys's current ratio?
Spirit Aerosys (SPR) had a current ratio of 1.05 as of fiscal year 2024, which is considered adequate.
What is Spirit Aerosys's debt-to-equity ratio?
Spirit Aerosys (SPR) had a debt-to-equity ratio of -1.61 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Spirit Aerosys's return on assets (ROA)?
Spirit Aerosys (SPR) had a return on assets of 31.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Why is Spirit Aerosys's debt-to-equity ratio negative or unusual?
Spirit Aerosys (SPR) has negative shareholder equity of -$2.6B as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Spirit Aerosys's Piotroski F-Score?
Spirit Aerosys (SPR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Spirit Aerosys's earnings high quality?
Spirit Aerosys (SPR) has an earnings quality ratio of 0.52x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Spirit Aerosys cover its interest payments?
Spirit Aerosys (SPR) has an interest coverage ratio of -5.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Spirit Aerosys?
Spirit Aerosys (SPR) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.