Is the business good?
How good a business is RDW?
Redwire Corporation earns −22% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−22%
Return on invested capital · cost of capital 9.0% · 31 points below what the capital costs: growth destroys value
- Operating margin
- −77%
Operating margin · Aerospace & Defense median 9.6% · 12 months to Q1 2026
- Share count, year on year
- +172%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 8.5%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2021 | −51% |
| FY2022 | −91% |
| FY2023 | −6.4% |
| FY2024 | −14% |
| FY2025 | −68% |
Details›
- Gross margin12 months to Q1 2026
- 9.2%
- Operating margin12 months to Q1 2026
- −77%
- Net margin12 months to Q1 2026
- −81%
- Free cash flow margin
- −42%
- R&D as % of revenue
- 8.5%
- Revenue, trailing twelve months
- $371M
- Free cash flow, trailing twelve months
- −$155M
- Net income, trailing twelve months
- −$300M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −22%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Aerospace & Defense
Ranks #38 of 48 by Smart Score