Spirit AeroSystems (SPR) AI Stock Analysis

• Market Cap: $4.23B
• Dividend Yield: N/A
• Average Volume (3M): 921.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.01
• Revenue Growth: -1.31%
• EPS Growth: -78.19%
• Country: US
• Employees: 20,370
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): -4.87
• Shares Outstanding: 117,523,220
• 10 Day Avg. Volume: 744,001
• 30 Day Avg. Volume: 921,444
• PEG Ratio: >-0.01
• Price to Book (P/B): -1.52
• Price to Sales (P/S): 0.63
• P/FCF Ratio: -3.14
• Enterprise Value/Market Cap: 2.04
• Enterprise Value/Revenue: 1.35
• Enterprise Value/Gross Profit: -4.87
• Enterprise Value/Ebitda: -4.46
• 1Y Price Target: $40.00
• Price Target Upside: 1.27% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: $40.00 ▲(1.27% Upside)

The overall stock score is primarily impacted by Spirit AeroSystems' poor financial performance, which is a major concern. The technical analysis provides some positive momentum, but valuation remains weak due to negative earnings. The acquisition by Boeing is a positive corporate event, though legal challenges pose risks.

Positive Factors

Strategic Acquisition

The acquisition by Boeing could stabilize Spirit's operations and enhance strategic alignment, potentially improving long-term competitiveness.

Market Position

Strong relationships with leading aerospace manufacturers like Boeing and Airbus ensure a steady demand for Spirit's products, supporting long-term revenue.

Aftermarket Services

Aftermarket services provide a recurring revenue stream, enhancing cash flow stability and supporting long-term financial health.

Negative Factors

Financial Instability

Negative equity and high leverage indicate financial instability, posing risks to long-term solvency and operational flexibility.

Cash Flow Challenges

Persistent negative cash flows can hinder Spirit's ability to invest in growth and manage debt, affecting long-term sustainability.

Legal Challenges

Ongoing legal disputes related to the merger may lead to financial liabilities and distract management, impacting long-term strategic focus.

Spirit AeroSystems Business Overview & Revenue Model

Company Description

Spirit AeroSystems (SPR) is a leading aerospace manufacturer based in the United States, specializing in the design and production of aerostructures for commercial, military, and business jet aircraft. The company operates in various sectors, including commercial aviation, defense, and business jets, and is known for its core products such as fuselages, wings, and other major aircraft components. Spirit AeroSystems serves major aircraft manufacturers, including Boeing and Airbus, and is committed to innovation and quality in aerospace manufacturing.

How the Company Makes Money

Spirit AeroSystems generates revenue primarily through the sale of aerostructures and components to major aerospace manufacturers. The company's key revenue streams include long-term contracts for the production of aircraft parts, which are often tied to production rates of specific aircraft models. Additionally, Spirit benefits from aftermarket services, providing maintenance and repair services for its components. Significant partnerships with leading aerospace companies, such as Boeing and Airbus, play a crucial role in its revenue generation, as these partnerships often involve multi-year contracts that ensure a steady flow of income. The company's focus on advanced manufacturing techniques and continuous improvement also contributes to its competitiveness and profitability.

Spirit AeroSystems Financial Statement Overview

Summary

Spirit AeroSystems is facing significant financial challenges across all verticals. The income statement shows persistent losses and negative margins, the balance sheet reflects high leverage and negative equity, and cash flow statements indicate cash generation issues. The company needs to address its operational inefficiencies and financial structure to improve its financial health.

Income Statement

Spirit AeroSystems has been experiencing consistent losses, with negative gross and net profit margins over the past years. The TTM data shows a slight revenue growth of 1.83%, but this is overshadowed by significant negative margins, indicating ongoing operational challenges. The company's EBIT and EBITDA margins are also deeply negative, reflecting inefficiencies and high costs relative to revenue.

Balance Sheet

The balance sheet reveals a precarious financial position with negative stockholders' equity and a high debt-to-equity ratio, indicating significant leverage. The return on equity is positive due to negative equity, which is misleading as it reflects losses rather than profitability. The equity ratio is negative, highlighting financial instability and potential solvency issues.

Cash Flow

Cash flow analysis shows negative operating and free cash flows, with a declining trend in free cash flow growth. The operating cash flow to net income ratio is negative, indicating cash flow challenges. However, the free cash flow to net income ratio is above 1, suggesting that the company is generating some cash relative to its net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.39B	6.32B	6.05B	5.03B	3.95B	3.40B
Gross Profit	-1.77B	-1.37B	206.20M	48.60M	-117.80M	-407.00M
EBITDA	-1.93B	-1.48B	41.00M	41.80M	15.00M	-613.00M
Net Income	-2.60B	-2.14B	-616.20M	-545.70M	-540.80M	-870.30M
Balance Sheet
Total Assets	6.10B	6.76B	6.95B	6.67B	7.74B	8.38B
Cash, Cash Equivalents and Short-Term Investments	299.00M	537.00M	823.50M	658.60M	1.48B	1.87B
Total Debt	4.41B	5.38B	4.36B	3.96B	3.88B	3.95B
Total Liabilities	10.62B	9.38B	7.45B	6.91B	7.29B	7.53B
Stockholders Equity	-4.52B	-2.62B	-499.70M	-247.50M	448.30M	856.50M
Cash Flow
Free Cash Flow	-803.10M	-1.27B	-373.80M	-516.20M	-213.80M	-863.80M
Operating Cash Flow	-613.80M	-1.12B	-225.80M	-394.60M	-63.20M	-744.90M
Investing Cash Flow	-10.60M	-152.40M	-147.80M	-155.50M	-163.80M	-502.00M
Financing Cash Flow	735.70M	994.50M	531.60M	-261.00M	-163.50M	769.50M

Spirit AeroSystems Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 39.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPR, the sentiment is Positive. The current price of 39.5 is above the 20-day moving average (MA) of 36.45, above the 50-day MA of 37.60, and above the 200-day MA of 37.36, indicating a bullish trend. The MACD of 0.34 indicates Negative momentum. The RSI at 66.51 is Neutral, neither overbought nor oversold. The STOCH value of 96.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SPR.

Spirit AeroSystems Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GD	80 Outperform	$93.24B	22.28	17.78%	1.73%	11.86%	17.39%
NOC	76 Outperform	$83.44B	20.82	26.15%	1.55%	-0.14%	72.35%
LHX	70 Neutral	$55.20B	31.98	9.13%	1.61%	2.83%	47.00%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
AXON	58 Neutral	$47.36B	187.09	10.03%	―	31.77%	-15.34%
BA	54 Neutral	$169.80B	―	―	―	10.19%	-6.03%
SPR	51 Neutral	$4.23B	-1.63	―	―	-1.31%	-78.19%

Spirit AeroSystems Corporate Events

Boeing Completes Acquisition of Spirit AeroSystems

On December 8, 2025, Boeing completed its acquisition of Spirit AeroSystems, marking a significant shift in the aerospace industry. This acquisition includes Spirit’s commercial operations related to Boeing, such as fuselage production for the 737, 767, 777, and 787 Dreamliner, as well as aftermarket services. The merger aims to strengthen Boeing’s commercial production and supply chain stability while maintaining Spirit Defense as an independent supplier to the defense industry. The transaction also involves the integration of Spirit’s operations in various locations into Boeing, impacting approximately 15,000 employees. As a result of the merger, Spirit’s stock will no longer be listed on the NYSE, and the company’s registration under the Exchange Act will be terminated.

Spirit AeroSystems Faces Legal Challenges in Boeing Merger

Spirit AeroSystems is involved in a legal dispute following a class action lawsuit filed by a stockholder in January 2025, alleging the company’s directors failed to disclose certain information related to a merger with Boeing. The lawsuit was dismissed with prejudice for the named plaintiff, but the court retained jurisdiction over a motion for attorneys’ fees. The company plans to oppose the fee application, with a hearing scheduled for December 2025. The lawsuit and subsequent legal actions highlight ongoing challenges in the merger process and potential implications for stockholders.