RDW Industrials

Redwire Corporation

$8.12+3.70%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Industrials
Industry: Aerospace & Defense
Country: United States
Market cap: 2.0B USD
Enterprise value: 1.6B USD
Full-time employees: 1,410

Overall health

Strength: growing faster than most peersgrowing faster than peers
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
Drawback: its share price swings more than most peers’ (beta 3.09 vs a peer median of 0.64)bigger price swings (beta 3.09 vs peers 0.64)

Ranks #1,494 of 2,308 industrials companies (bottom 36%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 289% from December 2022 to August 2026.
Redwire had 289% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Redwire had 289% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Stock-based pay is a large cost. Stock pay was 18% of revenue in 2025.
Redwire paid employees $59M in stock in 2025, 18% of its $335M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss.
Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -50%).
More volatile share price. Beta 3.09: tends to move more than the market.
Redwire's shares have swung more with the market than most peers' (beta 3.09, above the market's 1.0).

StockQuotient Score

44/ 100

Oct 5 44 → Nov 4 44

Valuation

Is the price right?

9/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Share count up 25.7% (existing holders diluted)

Valuation 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-12.0%

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-11.0%

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-4.8%

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 yield80.3%

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

Growth

Is it growing?

95/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 14.9%

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Still loss-making, but the loss per share narrowed33% base weight · Z-score 0.28Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth26.9%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 3.63Sector median: 0.0421 · MAD: 0.0625

Revenue growth63.1%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.55Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

0/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Operating margin rose 26.3 points to -50.5%

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-50.5%

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-12.6%

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-15.2%

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 margin20.1%

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

Return on equity-15.0%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Debt down 46%

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.

Beta3.09

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.49Sector median: 0.6440 · MAD: 0.2745

Current ratio3.92×

SEC filings · latest balance sheetReported value33% base weight · Z-score 4.29Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.03×

SEC filings · latest balance sheetReported value33% base weight · Z-score 1.10Sector 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 Redwire

Is Redwire getting weaker?: Its latest SEC filing (Aug 6, 2026) was mixed: some things better, some worse: operating margin rose 26.3 points to -50.5%; share count up 25.7%. Its overall score is unchanged at 44/100 since Oct 28, 2026.
How is Redwire 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 -12.0% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -12.0% vs peers 3.8% (weaker than 100% of peers).
Is Redwire growing?: Yes, faster than most of its peers. Growth scores 95/100 against 2,459 industrials peers. 3-year revenue growth 26.9% vs a peer median of 4.2% (stronger than 95% of peers).3-year revenue growth 26.9% vs peers 4.2% (stronger than 95% of peers).
How profitable is Redwire?: Less profitable than most of its peers. Profitability scores 0/100 against 2,459 industrials peers. Operating margin -50.5% vs a peer median of 7.7% (weaker than 100% of peers).Operating margin -50.5% vs peers 7.7% (weaker than 100% of peers).
How risky is Redwire?: Lower risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 3.92× vs a peer median of 1.62× (stronger than 91% of peers).Current ratio 3.92× vs peers 1.62× (stronger than 91% of peers). Beta 3.09 vs a peer median of 0.64 (weaker than 100% of peers).Beta 3.09 vs peers 0.64 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026

Mixed: some things better, some worse

Operating margin rose 26.3 points to -50.5%
Share count up 25.7% (existing holders diluted)
Debt down 46%

Worth watching: Redwire 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)	371.0M USD	426.3M USD	+14.9%
Net income (12 months)	−300.1M USD	−244.1M USD	−18.7%
Operating margin	-76.8%	-50.5%	+26.3 pts
Free cash flow (12 months)	−155.4M USD	−98.2M USD	−36.8%
Debt	88.2M USD	48.1M USD	−45.5%
Cash	144.5M USD	557.0M USD	+285.4%
Shares outstanding	198.9M	250.0M	+25.7%

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 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	21.3%	17.9%	23.8%	14.6%	5.2%	▼ 9.5 pts
Operating margin	-51.0%	-91.2%	-6.4%	-13.9%	-68.5%	▼ 55 pts
Net margin	-44.7%	-81.4%	-11.2%	-37.6%	-67.6%	▼ 30 pts
Return on assets (ROA)	-23.5%	-50.7%	-10.1%	-39.1%	-15.6%	▲ 23 pts
Return on equity (ROE)	-57.4%	—	—	—	-21.4%	—
Free cash flow margin	-28.7%	-22.0%	-1.8%	-7.8%	-56.9%	▼ 49 pts
Current ratio	1.08×	1.02×	0.98×	0.84×	1.62×	▲ 93%
Quick ratio	1.06×	1.00×	0.96×	0.83×	1.27×	▲ 53%
Debt to equity	0.72×	—	—	—	0.08×	—
Interest coverage	-10.87×	-17.82×	-1.45×	-3.13×	-5.78×	▼ 85%

RDW 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: growing faster than most peersgrowing faster than peers

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

Drawback: its share price swings more than most peers’ (beta 3.09 vs a peer median of 0.64)bigger price swings (beta 3.09 vs peers 0.64)

Ranks #1,494 of 2,308 industrials companies (bottom 36%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 289% from December 2022 to August 2026.

Redwire had 289% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Redwire had 289% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Stock-based pay is a large cost. Stock pay was 18% of revenue in 2025.

Redwire paid employees $59M in stock in 2025, 18% of its $335M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss.

Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -50%).

More volatile share price. Beta 3.09: tends to move more than the market.

Redwire's shares have swung more with the market than most peers' (beta 3.09, above the market's 1.0).

Questions investors ask about Redwire

Is Redwire getting weaker?

Its latest SEC filing (Aug 6, 2026) was mixed: some things better, some worse: operating margin rose 26.3 points to -50.5%; share count up 25.7%. Its overall score is unchanged at 44/100 since Oct 28, 2026.

How is Redwire 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 -12.0% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -12.0% vs peers 3.8% (weaker than 100% of peers).

Is Redwire growing?

Yes, faster than most of its peers. Growth scores 95/100 against 2,459 industrials peers. 3-year revenue growth 26.9% vs a peer median of 4.2% (stronger than 95% of peers).3-year revenue growth 26.9% vs peers 4.2% (stronger than 95% of peers).

How profitable is Redwire?

Less profitable than most of its peers. Profitability scores 0/100 against 2,459 industrials peers. Operating margin -50.5% vs a peer median of 7.7% (weaker than 100% of peers).Operating margin -50.5% vs peers 7.7% (weaker than 100% of peers).

How risky is Redwire?

Lower risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 3.92× vs a peer median of 1.62× (stronger than 91% of peers).Current ratio 3.92× vs peers 1.62× (stronger than 91% of peers). Beta 3.09 vs a peer median of 0.64 (weaker than 100% of peers).Beta 3.09 vs peers 0.64 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

371.0M USD

426.3M USD

+14.9%

Net income (12 months)

−300.1M USD

−244.1M USD

−18.7%

Operating margin

-76.8%

-50.5%

+26.3 pts

Free cash flow (12 months)

−155.4M USD

−98.2M USD

−36.8%

Debt

88.2M USD

48.1M USD

−45.5%

Cash

144.5M USD

557.0M USD

+285.4%

Shares outstanding

198.9M

250.0M

+25.7%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

21.3%

17.9%

23.8%

14.6%

5.2%

▼ 9.5 pts

Operating margin

-51.0%

-91.2%

-6.4%

-13.9%

-68.5%

▼ 55 pts

Net margin

-44.7%

-81.4%

-11.2%

-37.6%

-67.6%

▼ 30 pts

Return on assets (ROA)

-23.5%

-50.7%

-10.1%

-39.1%

-15.6%

▲ 23 pts

Return on equity (ROE)

-57.4%

—

-21.4%

—

Free cash flow margin

-28.7%

-22.0%

-1.8%

-7.8%

-56.9%

▼ 49 pts

Current ratio

1.08×

1.02×

0.98×

0.84×

1.62×

▲ 93%

Quick ratio

1.06×

1.00×

0.96×

0.83×

1.27×

▲ 53%

Debt to equity

0.72×

—

0.08×

—

Interest coverage

-10.87×

-17.82×

-1.45×

-3.13×

-5.78×

▼ 85%