Spirit AeroSystems Holdings, Inc.

NYSE:SPR Stock Report

Market Cap: US$4.6b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Spirit AeroSystems Holdings Past Earnings Performance

Past criteria checks 0/6

Spirit AeroSystems Holdings's earnings have been declining at an average annual rate of -32.5%, while the Aerospace & Defense industry saw earnings growing at 16.4% annually. Revenues have been growing at an average rate of 13.3% per year.

Key information

-32.49%

Earnings growth rate

-29.09%

EPS growth rate

Aerospace & Defense Industry Growth5.38%
Revenue growth rate13.28%
Return on equityn/a
Net Margin-40.65%
Last Earnings Update02 Oct 2025

Recent past performance updates

Recent updates

Seeking Alpha • Nov 13

Spirit AeroSystems: Boeing's Stock Slump Cuts Takeover Value To $37.25

Summary Spirit AeroSystems is being acquired by Boeing in an all-stock deal, with regulatory approvals nearing completion and U.S. approval still pending. SPR's acquisition price has declined alongside BA's stock, with current implied upside for SPR shareholders at around 3%. BA gains strategic supply chain control, aiming to improve quality and reduce friction between OEM and supplier responsibilities, despite inheriting significant debt. The acquisition is seen as Boeing correcting a past mistake, enhancing its ability to manage key programs and future aircraft development through better integration and quality focus. Read the full article on Seeking Alpha
Seeking Alpha • Mar 01

Spirit AeroSystems Heavily Leans On Boeing And Airbus Support

Summary Spirit AeroSystems' shareholders approved Boeing's acquisition, expected to complete mid-2025, despite significant debt and reliance on Boeing and Airbus advances. Q4 2024 showed positive operational and free cash flow, with increased Boeing 737 deliveries, but overall revenues fell short by $800 million. Spirit AeroSystems faces liquidity challenges with projected cash flow burn of $650-$700 million in H1 2025, relying heavily on customer credits. Despite a strong Q4, ongoing issues and dependence on customer credits make Spirit AeroSystems a sell; consider other investment opportunities. Read the full article on Seeking Alpha
Seeking Alpha • Dec 14

Spirit AeroSystems Stock Is A Sell As Boeing And Airbus Keep Supplier Afloat

Summary Spirit AeroSystems' cash burn and debt levels make it an unattractive investment, even with the planned Boeing acquisition in 2025. The company ended Q3 with $217.6 million in cash but faces significant negative free cash flow and debt repayments. Boeing and Airbus have provided additional financing, but substantial cash burn and debt maturities pose ongoing risks. I recommend selling Spirit AeroSystems stock due to cash uncertainties and better investment opportunities elsewhere. Read the full article on Seeking Alpha
Seeking Alpha • Sep 23

Does Spirit AeroSystems Provide An Attractive Bet On Boeing?

Summary Spirit AeroSystems Holdings, Inc. trades 11% below its takeover price, reflecting investor concerns about Boeing's potential $10 billion equity raise and share dilution. Spirit AeroSystems' widened losses, driven by significant reach-forward losses in key programs, highlight ongoing financial struggles despite revenue growth. The company's cash flow burn, and high debt levels suggest it may require additional financing, potentially from Boeing's raised equity. The current stock price of Spirit AeroSystems does not offer an attractive investment opportunity to be eventually invested in Boeing. Read the full article on Seeking Alpha
Seeking Alpha • Jun 21

Investors Take Note, Spirit AeroSystems Could Be Close To A Game-Changing Deal

Summary The Boeing Company has faced serious issues in the past decade, lagging Airbus by over 90 points. Spirit AeroSystems, a major aerospace supplier, has been impacted by Boeing's troubles, as it is partially to blame - and is bearing the consequences. Airbus is in talks to potentially acquire parts of Spirit AeroSystems, which could lead to a Boeing acquisition. Read the full article on Seeking Alpha
Analysis Article • Jun 11

Calculating The Intrinsic Value Of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Key Insights The projected fair value for Spirit AeroSystems Holdings is US$27.94 based on 2 Stage Free Cash Flow to...
Seeking Alpha • May 31

Spirit AeroSystems Stock Has Upside As Boeing Acquisition Target

Summary Spirit AeroSystems' Q1 earnings were impacted by a decline in commercial segment earnings and flat aftermarket sales. Boeing's production process changes, including the elimination of traveled work, have had a major impact on Spirit AeroSystems' supply chain. Talks between Spirit AeroSystems, Boeing, and Airbus regarding a possible acquisition are progressing, but the complex nature of the deal may affect the acquisition cost. Read the full article on Seeking Alpha
Analysis Article • Mar 06

Investors Still Aren't Entirely Convinced By Spirit AeroSystems Holdings, Inc.'s (NYSE:SPR) Revenues Despite 26% Price Jump

The Spirit AeroSystems Holdings, Inc. ( NYSE:SPR ) share price has done very well over the last month, posting an...
Seeking Alpha • Feb 14

Spirit AeroSystems: Balance Sheet At Risk

Summary Spirit AeroSystems faces major balance sheet risks that make it difficult to accurately forecast its future performance. Recent financial results show strong revenue growth, but forward loss charges and excess capacity costs weigh on operating results. The crucial deal with Airbus is key to resolving cash flow issues, but uncertainties remain as negotiations are unresolved. Read the full article on Seeking Alpha
Analysis Article • Jan 11

What Is Spirit AeroSystems Holdings, Inc.'s (NYSE:SPR) Share Price Doing?

Spirit AeroSystems Holdings, Inc. ( NYSE:SPR ), might not be a large cap stock, but it led the NYSE gainers with a...
Seeking Alpha • Jan 07

Spirit AeroSystems Production Quality In Focus Again

Summary An Alaska Airlines Boeing 737 MAX 9 experienced explosive decompression, with an emergency exit falling off the aircraft. The specific aircraft had reported problems with the L1 door and pressurization issues on previous flights. Alaska and United have grounded their MAX 9 fleets for inspection, while the FAA has ordered 170 MAX 9 aircraft to be grounded. Spirit AeroSystems produces Boeing 737 fuselages and has had recent production quality issues on MAX aircraft. Read the full article on Seeking Alpha
Seeking Alpha • Nov 29

Spirit AeroSystems: Turbulence Ahead

Summary Spirit AeroSystems is facing financial and operational challenges, including erosion of gross profit margins and substantial debt. The company's balance sheet shows a mix of strength (liquidity) and vulnerability (high debt and negative equity). Investor sentiment is low, reflected in the significant decline in the company's stock price. Rating: Sell, Price Target: $18. Read the full article on Seeking Alpha
Seeking Alpha • Nov 02

Spirit AeroSystems: A Boeing Man At The Helm To Drive Recovery

Summary The CEO transition at Spirit AeroSystems is seen as positive, with Patrick Shanahan known as a problem solver and potential for better deals with Boeing. Shipset deliveries to Boeing have increased but still below expectations, leading to a downward revision of delivery numbers. Spirit AeroSystems continues to experience losses and cash flow issues, but expects a positive fourth quarter and potential recovery by 2024. Read the full article on Seeking Alpha

Revenue & Expenses Breakdown

How Spirit AeroSystems Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:SPR Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
02 Oct 256,394-2,59922249
03 Jul 256,279-2,35227250
03 Apr 256,136-2,13627551
31 Dec 246,317-2,14028548
26 Sep 246,478-1,43332546
27 Jun 246,447-1,16133146
28 Mar 246,319-95233645
31 Dec 236,048-61637245
28 Sep 235,555-93533748
29 Jun 235,393-85835447
30 Mar 235,286-77436449
31 Dec 225,030-54631650
29 Sep 224,780-42325156
30 Jun 224,483-40923059
31 Mar 224,227-42219357
31 Dec 213,953-54110353
30 Sep 213,760-71616645
01 Jul 213,586-75814140
01 Apr 213,228-87913235
31 Dec 203,405-87015739
01 Oct 204,488-50717747
02 Jul 205,601-22018352
02 Apr 206,97320419954
31 Dec 197,86353022955
26 Sep 197,73964019347
27 Jun 197,63367717845
28 Mar 197,45465418346
31 Dec 187,22261717643
27 Sep 187,10156217441
28 Jun 187,03654016840
29 Mar 187,02533817236
31 Dec 176,98335516831
28 Sep 176,83834017829
29 Jun 176,80233820825
30 Mar 176,80544022223
31 Dec 166,79346923224
29 Sep 166,83249923324
30 Jun 166,71566823625
31 Mar 166,58377821927
31 Dec 156,64478822128
01 Oct 156,60954522928
02 Jul 156,70839922430
02 Apr 156,81338722530
31 Dec 146,79935723429

Quality Earnings: SPR is currently unprofitable.

Growing Profit Margin: SPR is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SPR is unprofitable, and losses have increased over the past 5 years at a rate of 32.5% per year.

Accelerating Growth: Unable to compare SPR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SPR is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (33.8%).

Return on Equity

High ROE: SPR's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/09 06:55
End of Day Share Price 2025/12/05 00:00
Earnings2025/10/02
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Spirit AeroSystems Holdings, Inc. is covered by 22 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joseph CampbellBarclays
David StraussBarclays
Ross LawBerenberg