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Spirit AeroSystems Holdings, Inc.

Spirit AeroSystems Holdings, Inc.

NYSE•SPR
CEO: Hon. Patrick M. Shanahan
Sector: Industrials
Industry: Aerospace & Defense
Listing Date: 2006-11-28
Spirit AeroSystems Holdings, Inc. engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems. This segment primarily serves commercial and business/regional jet programs. The Defense & Space segment engages in the fabrication, bonding, assembly, testing, tooling, processing, engineering analysis, and training on fuselage, strut, nacelle, and wing aerostructures; provision of missiles and hypersonics solutions, such as solid rocket motor throats, nozzles, re-entry vehicle thermal protections systems; forward cockpit and cabin, and fuselage work on rotorcraft aerostructures; and classified programs. This segment primarily serves U.S. Government defense programs. The Aftermarket segment provides maintenance, repair, and overhaul services; fuselage, strut, nacelle, and wing aerostructures spare parts; repair services for radome, flight control surfaces, and nacelles; rotable assets trading and leasing; and engineering services. This segment primarily serves both commercial and defense and space programs. The company was formerly known as Mid-Western Aircraft Systems Holdings, Inc. Spirit AeroSystems Holdings, Inc. was founded in 1927 and is headquartered in Wichita, Kansas.
Contact Information
3801 South Oliver Street, Wichita, KS, 67210, United States
316-526-9000
www.spiritaero.com
Market Cap
$4.64B
P/E (TTM)
-1.8
34.2
Dividend Yield
--
52W High
$42.33
52W Low
$27.00
52W Range
82%
Rank48Top 50.7%
3.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$1.59B+7.81%
4-Quarter Trend

EPS

-$6.16+51.33%
4-Quarter Trend

FCF

-$229.70M-28.86%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Revenue Increased Slightly Nine months net revenues reached $4.74B USD, marking a 1.7% increase from $4.67B USD last year, driven by Airbus/Defense.
Boeing Shipset Deliveries Jump Boeing shipsets delivered totaled 423 units for nine months, significantly up from 216 units delivered in the prior comparable period.
Boeing Advances Outstanding Outstanding cash advances from Boeing total $478.6M USD under the current agreement, providing essential operational liquidity support.
Asset Sales Impacted Results Dispositions resulted in a net $26.6M loss reflected in Gain/Loss on dispositions for the nine months ended October 2, 2025.

Risk Factors

Net Loss Significantly Worsened Nine months net loss widened to ($1.97B) USD from ($1.51B) USD previously, reflecting higher forward loss charges and lower margins.
Major Forward Loss Charges Unfavorable estimate changes totaled $1.12B USD for nine months, driven by B737 program schedule changes and supply chain costs.
Going Concern Doubt Remains Substantial doubt about ability to continue as going concern exists; additional funding required to sustain operations over next 12 months.
Gross Loss Increased Substantially Nine months gross loss increased to ($1.31B) USD versus ($915.0M) USD prior year, driven by program margin deterioration.

Outlook

Boeing Merger Expected Closing Merger closing with Boeing remains expected in the fourth quarter of 2025, subject to satisfaction of all required regulatory approvals.
Airbus Sale Closing Timeline Malaysia Business Disposition expected to close in Q4 2025; Airbus Business Disposition closes concurrently with Boeing Merger.
Liquidity Plans Underway Management evaluating strategies including restructuring, layoffs, and seeking additional customer advances to improve liquidity needs.

Peer Comparison

Revenue (TTM)

Spirit AeroSystems Holdings, Inc.SPR
$6.39B
-1.3%
EnerSysENS
$3.73B
+6.2%
Hexcel CorporationHXL
$1.88B
-0.5%

Gross Margin (Latest Quarter)

Planet Labs PBCPL
57.6%
+2.8pp
EnerSysENS
29.1%
+0.6pp
Mercury Systems, Inc.MRCY
27.9%
+2.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
HXL$5.78B84.34.5%27.5%
ENS$5.17B15.618.0%29.8%
PL$4.98B-55.4-20.3%2.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.3%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 27, 2026
|
EPS:-
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Oct 2, 2025|Filed: Oct 31, 2025|
    Revenue: $1.59B+7.8%
    |
    EPS: $-6.16+51.3%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jul 3, 2025|Filed: Aug 5, 2025|
    Revenue: $1.64B+9.6%
    |
    EPS: $-5.36+50.6%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Apr 3, 2025|Filed: May 1, 2025|
    Revenue: $1.52B-10.6%
    |
    EPS: $-5.21-1.9%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $6.32B+4.4%
    |
    EPS: $-18.32-215.9%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 26, 2024|Filed: Nov 5, 2024|
    Revenue: $1.47B+2.2%
    |
    EPS: $-4.07+109.8%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 27, 2024|Filed: Aug 5, 2024|
    Revenue: $1.49B+9.3%
    |
    EPS: $-3.56+81.6%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 28, 2024|Filed: May 7, 2024|
    Revenue: $1.70B+19.0%
    |
    EPS: $-5.31+98.1%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 22, 2024|
    Revenue: $6.05B+20.2%
    |
    EPS: $-5.78-10.9%
    Miss