Company Overview
York Space Systems, Inc. functions as a space and defense prime contractor that delivers a comprehensive suite of mission-critical solutions specifically designed for national security, government, and commercial customers within the United States. The company operates within the broader Industrials sector, specifically targeting the Aerospace & Defense industry, where it leverages proprietary hardware and software capabilities to execute its prime contracting role. As of the latest data, the company holds a market capitalization of $2.67B and generates annual revenue of $386.20M, though specific employee headcount figures are not currently disclosed. These valuation and revenue metrics indicate that York Space Systems holds a significant position within the defense technology landscape, reflecting substantial market interest despite the lack of public data regarding its workforce size.
Financial Health
The company reports a trailing twelve-month revenue of $386.20M, which contrasts sharply with a net income of -$84,537,000 and an EBITDA of -$8,211,000, revealing a substantial gap between top-line generation and profitability that points to a heavy cost structure or significant one-time expenses eroding margins. This financial reality is further underscored by a free cash flow of -$66,373,248, indicating that the company is currently burning cash rather than generating liquidity, which limits its immediate financial flexibility to fund operations without external capital. Profitability analysis shows a gross margin of 19.5%, an operating margin of -14.3%, and a profit margin of -21.9%, collectively illustrating that while the company retains nearly 20% of revenue after direct costs, high overhead or SG&A expenses result in negative operating and net income. On the balance sheet, the company holds $162.57M in cash against $175.13M in debt, resulting in a debt-to-equity ratio of 17.32, which suggests a highly leveraged financial position where debt obligations significantly exceed available liquid assets. Liquidity is supported by a current ratio of 1.61, indicating that the company possesses sufficient current assets to cover its short-term liabilities, yet the negative cash flow complicates the sustainability of this liquidity buffer. Return on equity stands at -9.1% and return on assets is -2.6%, metrics that reveal management is currently unable to generate positive returns on the capital invested or the assets held, reflecting the challenges associated with the company's loss-making status.
Valuation Assessment
Valuation metrics for York Space Systems, Inc. present a complex picture, with a trailing P/E ratio listed as N/A due to the negative net income, while the forward P/E stands at 36.16, implying that the market is pricing in a significant expected turnaround or recovery in future earnings trajectory. The price-to-book ratio is recorded at 1.21, suggesting that the market values the company slightly above its book value, despite the current inability to generate earnings. Alternative valuation metrics include a price-to-sales ratio of 6.93 and an EV/EBITDA of -147.26, figures that highlight the difficulty in valuing a pre-profitability company using traditional multiples and suggest the stock price is heavily decoupled from current earnings power. In terms of trading range, the 52-week high is $38.47 and the 52-week low is $16.93, placing the stock at a position where it trades well above the yearly floor but remains below its recent peak, reflecting a period of consolidation or volatility. The beta value is listed as N/A, meaning that standard volatility data relative to the broader market is not available in the current reporting period, preventing a clear assessment of price sensitivity to market swings.
Growth & Income
The company demonstrates robust top-line expansion with revenue growth of 37.5% year-over-year, while earnings growth is listed as N/A, indicating that the significant revenue increase has not yet translated into proportional earnings growth, likely due to the aforementioned negative net income and cash burn. Regarding income, the dividend yield is N/A and the payout ratio is 0.0%, confirming that the company does not distribute dividends to shareholders. This zero payout ratio is consistent with the company's financial situation, as it reinvests all available resources, including its cash reserves, back into the business to support its growth initiatives and potentially reduce its substantial debt load. The overall growth and income profile is characterized by aggressive revenue scaling without current profitability or dividend support, positioning the stock as a high-risk, high-potential-reward asset for investors willing to tolerate significant losses in exchange for future growth potential.