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Side-by-side financial comparison of Firefly Aerospace Inc. (FLY) and Silence Therapeutics plc (SLN). Click either name above to swap in a different company.

Firefly Aerospace Inc. is the larger business by last-quarter revenue ($30.8M vs $15.7M, roughly 2.0× Silence Therapeutics plc). Silence Therapeutics plc runs the higher net margin — -14.7% vs -433.5%, a 418.7% gap on every dollar of revenue.

Firefly Aerospace, Inc. (Firefly) is an American aerospace firm based in Cedar Park, Texas. Firefly develops small- and medium-lift launch vehicles for commercial launches to orbit. Firefly's stated purpose is to increase access to space, similar to other private spaceflight companies.

Silence Therapeutics is a London-based pharmaceutical company formed in 1994. The company has pioneered the development of short-interfering ribonucleic acid (siRNA) therapeutics for the treatment of rare diseases. Silence Therapeutics has offices in London, New Jersey, and Berlin, with its corporate headquarters located in Hammersmith, London.

FLY vs SLN — Head-to-Head

Bigger by revenue
FLY
FLY
2.0× larger
FLY
$30.8M
$15.7M
SLN
Higher net margin
SLN
SLN
418.7% more per $
SLN
-14.7%
-433.5%
FLY

Income Statement — Q3 FY2025 vs Q1 FY2024

Metric
FLY
FLY
SLN
SLN
Revenue
$30.8M
$15.7M
Net Profit
$-133.4M
$-2.3M
Gross Margin
27.6%
82.2%
Operating Margin
-202.1%
-35.6%
Net Margin
-433.5%
-14.7%
Revenue YoY
37.6%
Net Profit YoY
-227.1%
EPS (diluted)
$-1.50
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FLY
FLY
SLN
SLN
Q3 25
$30.8M
Q2 25
$15.5M
Q3 24
$22.4M
Q2 24
$21.1M
Q1 24
$15.7M
Net Profit
FLY
FLY
SLN
SLN
Q3 25
$-133.4M
Q2 25
$-63.8M
Q3 24
$-40.8M
Q2 24
$-53.5M
Q1 24
$-2.3M
Gross Margin
FLY
FLY
SLN
SLN
Q3 25
27.6%
Q2 25
25.7%
Q3 24
34.7%
Q2 24
14.0%
Q1 24
82.2%
Operating Margin
FLY
FLY
SLN
SLN
Q3 25
-202.1%
Q2 25
-349.5%
Q3 24
-152.9%
Q2 24
-232.1%
Q1 24
-35.6%
Net Margin
FLY
FLY
SLN
SLN
Q3 25
-433.5%
Q2 25
-410.2%
Q3 24
-182.3%
Q2 24
-253.7%
Q1 24
-14.7%
EPS (diluted)
FLY
FLY
SLN
SLN
Q3 25
$-1.50
Q2 25
$-5.78
Q3 24
$-3.57
Q2 24
$-4.60
Q1 24
$-0.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FLY
FLY
SLN
SLN
Cash + ST InvestmentsLiquidity on hand
$995.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$948.8M
$156.8M
Total Assets
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLY
FLY
SLN
SLN
Q3 25
$995.2M
Q2 25
$205.3M
Q3 24
$26.4M
Q2 24
$21.9M
Q1 24
Total Debt
FLY
FLY
SLN
SLN
Q3 25
Q2 25
$136.1M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FLY
FLY
SLN
SLN
Q3 25
$948.8M
Q2 25
$-918.0M
Q3 24
$-665.5M
Q2 24
$-620.0M
Q1 24
$156.8M
Total Assets
FLY
FLY
SLN
SLN
Q3 25
$1.3B
Q2 25
$466.8M
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FLY
FLY
SLN
SLN
Operating Cash FlowLast quarter
$-53.0M
$-9.1M
Free Cash FlowOCF − Capex
$-62.0M
FCF MarginFCF / Revenue
-201.3%
Capex IntensityCapex / Revenue
29.0%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLY
FLY
SLN
SLN
Q3 25
$-53.0M
Q2 25
Q3 24
Q2 24
Q1 24
$-9.1M
Free Cash Flow
FLY
FLY
SLN
SLN
Q3 25
$-62.0M
Q2 25
Q3 24
Q2 24
Q1 24
FCF Margin
FLY
FLY
SLN
SLN
Q3 25
-201.3%
Q2 25
Q3 24
Q2 24
Q1 24
Capex Intensity
FLY
FLY
SLN
SLN
Q3 25
29.0%
Q2 25
Q3 24
Q2 24
Q1 24
0.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FLY
FLY

Spacecraft Solutions Revenue$21.4M69%
Launch Revenue$9.4M31%

SLN
SLN

Segment breakdown not available.

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