BETA Industrials

BETA Technologies, Inc.

$23.64+16.00%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Industrials
Industry: Aerospace & Defense
Country: United States
Market cap: 5.7B USD
Enterprise value: 2.9B USD
Full-time employees: 1,008

Overall health

Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Not enough data: growth

Would rank #1,791 of 2,308 fully scored industrials companies (bottom 23%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Not profitable yet. Reported a loss in the 12 months to June 2026.
BETA Technologies reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

StockQuotient Score

36/ 100

Oct 5 36 → Nov 4 36

Valuation

Is the price right?

9/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-15.6%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.28Sector median: 0.0377 · MAD: 0.0294

EBITDA yield-11.4%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.64Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield-7.7%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield29.5%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

Insufficient data

Insufficient data: 0 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Profitability

Does it earn well?

0/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-1129.3%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -5.28Sector median: 0.0773 · MAD: 0.0507

Return on assets-44.4%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.56Sector median: 0.0311 · MAD: 0.0241

Return on invested capital-125.2%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.78Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin60.1%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity-53.1%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

2/3 inputs reported · Partial data

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Current ratio
▲ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

BetaUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.6440 · MAD: 0.2745

Current ratio14.47×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score 6.75Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.11×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.85Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about BETA Technologies

Is BETA Technologies getting weaker?: Its latest SEC filing (Aug 12, 2026) showed no major changes. Its overall score is unchanged at 36/100 since Oct 28, 2026.
How is BETA Technologies valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 9/100 against 2,459 industrials peers. Earnings yield -15.6% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -15.6% vs peers 3.8% (weaker than 100% of peers).
Is BETA Technologies growing?: Insufficient data: 0 of 3 inputs reported (at least 2 needed).
How profitable is BETA Technologies?: Less profitable than most of its peers. Profitability scores 0/100 against 2,459 industrials peers. Operating margin -1129.3% vs a peer median of 7.7% (weaker than 100% of peers).Operating margin -1129.3% vs peers 7.7% (weaker than 100% of peers).
How risky is BETA Technologies?: Lower risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 14.47× vs a peer median of 1.62× (stronger than 95% of peers).Current ratio 14.47× vs peers 1.62× (stronger than 95% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 12, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

Worth watching: BETA Technologies is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	36.1M USD	44.8M USD	+24.0%
Net income (12 months)	−789.9M USD	−858.2M USD	+8.7%
Operating margin	-1182.9%	-1129.3%	+53.6 pts
Free cash flow (12 months)	−367.8M USD	−421.5M USD	+14.6%
Debt	184.7M USD	184.0M USD	−0.4%
Cash	1.6B USD	1.5B USD	−6.9%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Aerospace & Defense · 48 companies

Valuations in Aerospace & Defense are near the top of their range since 2016.

88% of months since 2016 were valued lower than now.
50% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +71% and earnings +71% (medians): prices and earnings moved broadly together.
Median price-to-sales is +41% vs the whole market, against a usual −16%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2023	FY 2024	FY 2025	Change
Gross margin	86.8%	70.1%	72.2%	▲ 2.1 pts
Operating margin	-1214.9%	-1803.7%	-1046.3%	▲ 757 pts
Net margin	-1143.2%	-1826.4%	-2094.2%	▼ 268 pts
Return on assets (ROA)	—	-41.4%	-35.4%	▲ 6.0 pts
Return on equity (ROE)	-45.5%	-63.2%	-41.0%	▲ 22 pts
Free cash flow margin	-2026.8%	-1962.4%	-879.5%	▲ >999 pts
Current ratio	—	5.79×	22.77×	▲ 293%
Debt to equity	—	0.35×	0.10×	▼ 71%
Interest coverage	-530.03×	-23.82×	-28.73×	▼ 21%

BETA price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Not enough data: growth

Would rank #1,791 of 2,308 fully scored industrials companies (bottom 23%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Questions investors ask about BETA Technologies

Is BETA Technologies getting weaker?

Its latest SEC filing (Aug 12, 2026) showed no major changes. Its overall score is unchanged at 36/100 since Oct 28, 2026.

How is BETA Technologies valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 9/100 against 2,459 industrials peers. Earnings yield -15.6% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -15.6% vs peers 3.8% (weaker than 100% of peers).

Is BETA Technologies growing?

Insufficient data: 0 of 3 inputs reported (at least 2 needed).

How profitable is BETA Technologies?

Less profitable than most of its peers. Profitability scores 0/100 against 2,459 industrials peers. Operating margin -1129.3% vs a peer median of 7.7% (weaker than 100% of peers).Operating margin -1129.3% vs peers 7.7% (weaker than 100% of peers).

How risky is BETA Technologies?

Lower risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 14.47× vs a peer median of 1.62× (stronger than 95% of peers).Current ratio 14.47× vs peers 1.62× (stronger than 95% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

36.1M USD

44.8M USD

+24.0%

Net income (12 months)

−789.9M USD

−858.2M USD

+8.7%

Operating margin

-1182.9%

-1129.3%

+53.6 pts

Free cash flow (12 months)

−367.8M USD

−421.5M USD

+14.6%

Debt

184.7M USD

184.0M USD

−0.4%

Cash

1.6B USD

1.5B USD

−6.9%

Key ratios

FY 2023

FY 2024

FY 2025

Change

Gross margin

86.8%

70.1%

72.2%

▲ 2.1 pts

Operating margin

-1214.9%

-1803.7%

-1046.3%

▲ 757 pts

Net margin

-1143.2%

-1826.4%

-2094.2%

▼ 268 pts

Return on assets (ROA)

—

-41.4%

-35.4%

▲ 6.0 pts

Return on equity (ROE)

-45.5%

-63.2%

-41.0%

▲ 22 pts

Free cash flow margin

-2026.8%

-1962.4%

-879.5%

▲ >999 pts

Current ratio

—

5.79×

22.77×

▲ 293%

Debt to equity

—

0.35×

0.10×

▼ 71%

Interest coverage

-530.03×

-23.82×

-28.73×

▼ 21%