Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Redwire Corp.RDW · manufacturing | |
|---|---|
| Grade |  D/Eon the D/E boundary of 255 graded peers; percentile 79.9, sampling error 3.0 points; lower is stronger |
| Rank | 204 of 255 |
| Profitability | D/Epercentile 79.3 |
| Solvency | Dpercentile 67.4 |
| Growth and financing | Bpercentile 34.5 |
| Reliability | 0.91 AUCfailure model, filers with $591M to $2.67B assets; 95% interval 0.88 to 0.94; 160 events, 2020 to 2025 |
| Peer failure rate | 1.01% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $591M to $2.67B assetstotal assets $1.4B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | dilution · fortress balance sheetnot computable: distress |
| Inputs computable | 9 of 14 |
| Graded from | filings received through Feb 27, 2026224 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $9.762026-10-08; market equity $2.4B; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Feb 27, 2026; the document on sec.gov.
Redwire is an integrated space and defense technology company focused on advanced technologies. The Company’s vision is to pioneer next-generation space and defense technologies that empower scientific discovery, advance global industries, and strengthen security - transforming how humanity explores, connects, and protects - from the skies above to the stars beyond. Powered by this vision, Redwire is building the future of aerospace infrastructure, autonomous systems, and multi-domain operations, leveraging digital engineering and artificial intelligence (“AI”) automation.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 79.3 | |||||||
| Gross profitability | 1.2% | [1,7] | 21.9% | 94.5 | 275 | 2025-12-31 | |
| Return on invested capital | (43.4%) | [5-6,8-14] | 9.7% | 98.0 | 100 | 2025-12-31 | |
| Accruals ratio | (5.7%) | [1,15-17] | (3.6%) | 35.5 | 308 | 2025-12-31 | |
| Gross margin stability, five years | 6.5 pts | [2,7,18-25] | 2.1 pts | 89.0 | 229 | 2025-12-31 | |
| Solvency, sleeve percentile 67.4 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | 1.54 | [1,8,11,26-29] | 3.66 | 66.7 | 244 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 1.78x | |||||
| EBITDA must exceed $100,000 | |||||||
| Interest coverage | not computable | 5.09x | |||||
| one or more required annual facts are missing | |||||||
| Current ratio | 1.62x | [26-27] | 2.25x | 68.2 | 325 | 2025-12-31 | |
| Growth and financing, sleeve percentile 34.5 | |||||||
| Revenue growth, three-year compound | 27.8% | [2,19,21,23] | 2.1% | 4.5 | 269 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | 13.9% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | not computable | 26.4% | |||||
| NOPAT must exceed $100,000 | |||||||
| Asset growth, three years | 77.8% | [1,17,30-31] | 4.4% | 1.4 | 279 | 2025-12-31 | |
| Net share issuance, one year | 154.0% | [3-4] | 0.01% | 97.5 | 243 | 2026-02-23 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.218; sampling error 3.0 percentile points on 255 peers.
Among 255 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 199 | Mativ Holdings, Inc. (MATV) Mativ Holdings, Inc. (MATV) D/Eon the D/E boundary; percentile 78.0 NYSE · Paper Mills market equity $654.6M; last close $11.89 No active warnings; 10 of 14 inputs | 78.0 | D/E | |
| 200 | Otis Worldwide Corp. (OTIS) Otis Worldwide Corp. (OTIS) D/Eon the D/E boundary; percentile 78.3 NYSE · Electronic & Other Electrical Equipment (No Computer Equip) market equity $25.2B; last close $66.11 No active warnings; 10 of 14 inputs | 78.3 | D/E | |
| 201 | Silgan Holdings Inc. (SLGN) Silgan Holdings Inc. (SLGN) D/Eon the D/E boundary; percentile 78.7 NYSE · Metal Cans market equity $3.8B; last close $35.80 No active warnings; 8 of 14 inputs | 78.7 | D/E | |
| 202 | Mercer International Inc. (MERC) Mercer International Inc. (MERC) D/Eon the D/E boundary; percentile 79.1 Nasdaq · Pulp Mills market equity $16.5M; last close $0.25 No active warnings; 7 of 14 inputs | 79.1 | D/E | |
| 203 | NN Inc. (NNBR) NN Inc. (NNBR) D/Eon the D/E boundary; percentile 79.5 Nasdaq · Metalworkg Machinery & Equipment market equity $331.1M; last close $4.01 No active warnings; 7 of 14 inputs | 79.5 | D/E | |
| 204 | Redwire Corp. (RDW) Redwire Corp. (RDW) D/Eon the D/E boundary; percentile 79.9 NYSE · Guided Missiles & Space Vehicles & Parts market equity $2.4B; last close $9.76 Warnings: dilution, fortress balance sheet; 9 of 14 inputs | 79.9 | D/E | dilution, fortress balance sheet |
| 205 | Regal Rexnord Corp. (RRX) Regal Rexnord Corp. (RRX) D/Eon the D/E boundary; percentile 80.3 NYSE · General Industrial Machinery & Equipment, NEC market equity $10.7B; last close $160.06 No active warnings; 11 of 14 inputs | 80.3 | D/E | |
| 206 | American Superconductor Corp. (AMSC) American Superconductor Corp. (AMSC) D/Eon the D/E boundary; percentile 80.7 Nasdaq · Motors & Generators market equity $1.5B; last close $30.95 No active warnings; 7 of 14 inputs | 80.7 | D/E | |
| 207 | Crane NXT, Co. (CXT) Crane NXT, Co. (CXT) D/Eon the D/E boundary; percentile 81.1 NYSE · Miscellaneous Fabricated Metal Products market equity $2.8B; last close $48.25 No active warnings; 12 of 14 inputs | 81.1 | D/E | |
| 208 | Fuelcell Energy Inc. (FCEL) Fuelcell Energy Inc. (FCEL) D/Eon the D/E boundary; percentile 81.5 Nasdaq · Electrical Industrial Apparatus last close $17.24 Warnings: fortress balance sheet; 8 of 14 inputs | 81.5 | D/E | fortress balance sheet |
| 209 | Broadwind, Inc. (BWEN) Broadwind, Inc. (BWEN) D/Eon the D/E boundary; percentile 81.9 Nasdaq · Nonferrous Foundries (Castings) market equity $91.3M; last close $3.85 No active warnings; 10 of 14 inputs | 81.9 | D/E |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | D | 68.4 | 2204 |
| sector peers, equal sleeves (the grade) | D/E | 79.9 | 255 |
| same exchange, equal sleeves | D | 67.5 | 984 |
| sector peers, equal inputs | D/E | 81.5 | 255 |
Each letter is one fifth of the 255 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 19.0% | 13.7% | 55 | hotter than 55 of 100 peers |
| Distance from 52-week high | (62.3%) | (24.3%) | 7 | closer to its high than 7 of 100 peers |
| EBIT to enterprise value | (11.9%) | 4.1% | 7 | pricier than 93 of 100 peers |
| Free cash flow yield | (7.8%) | 3.4% | 11 | pricier than 89 of 100 peers |
| Book value to price | 0.67 | 0.34 | 76 | pricier than 24 of 100 peers |
| Sales to price | 0.14 | 0.54 | 8 | pricier than 92 of 100 peers |
| Composite equity issuance, five years | not computable | (9.5%) | a share count from five years earlier is required | |
| Relative strength against the sector, log excess return | 0.04 | (0.00) | 55 | ahead of 55 of 100 peers |
Inputs: market equity $2.4B; EBIT -$229.7M; free cash flow -$190.8M; book equity $1.6B; sales $335.4M; debt $48.1M; cash $557.0M[32].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 4 of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (77.4%) | ✗ fail[15,17] |
| Operating cash flow above zero | -$177.3M | ✗ fail[16] |
| Return on assets improved | (35.3 pts) | ✗ fail[15,17,30,33] |
| Operating cash flow exceeds net income | $49.2M | ✓ pass[15-16] |
| Long-term leverage fell | (35.0 pts) | ✓ pass[1,17,30,34-35] |
| Current ratio improved | 78.1 pts | ✓ pass[26-27,36-37] |
| No new shares issued | 154.0% | ✗ fail[3-4] |
| Gross margin improved | (9.5 pts) | ✗ fail[2,7,18-19] |
| Asset turnover improved | 2.5 pts | ✓ pass[2,17,19,30] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $557.0M[38] |
| Operating cash flow, four quarters | -$76.2M[16,38-42] |
| Months of runway | 87.7 |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 64 |
| 10-Q received Aug 6, 2026 | |
| Median daily dollar volume | $146.4M |
| 63 sessions | |
| Days since newest grade input | 224 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $1.4B | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $335.4M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 3 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 191,975,804 | 2026-02-23 | 2026-02-27 | 10-K | filing · viewer · series |
| 4 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 75,573,294 | 2025-03-07 | 2025-03-11 | 10-K | filing · viewer · series |
| 5 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $94.5M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 6 | total debt | us-gaap:LongTermDebt | $85.2M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 7 | gross profit | us-gaap:GrossProfit | $17.3M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 8 | operating income | us-gaap:OperatingIncomeLoss | -$229.7M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 9 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | -$251.6M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 10 | income tax | us-gaap:IncomeTaxExpenseBenefit | -$25.0M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 11 | book equity | us-gaap:StockholdersEquity | $1.1B | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 12 | total debt | us-gaap:LongTermDebt | $125.7M | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 13 | book equity | us-gaap:StockholdersEquity | -$188.7M | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 14 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $33.7M | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 15 | net income | us-gaap:NetIncomeLoss | -$226.6M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 16 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$177.3M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 17 | assets | us-gaap:Assets | $292.6M | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 18 | gross profit | us-gaap:GrossProfit | $44.5M | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 19 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $304.1M | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 20 | gross profit | us-gaap:GrossProfit | $58.0M | 2023-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 21 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $243.8M | 2023-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 22 | gross profit | us-gaap:GrossProfit | $28.7M | 2022-12-31 | 2024-03-20 | 10-K | filing · viewer · series |
| 23 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $160.5M | 2022-12-31 | 2024-03-20 | 10-K | filing · viewer · series |
| 24 | gross profit | us-gaap:GrossProfit | $29.4M | 2021-12-31 | 2023-03-31 | 10-K | filing · viewer · series |
| 25 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $137.6M | 2021-12-31 | 2023-03-31 | 10-K | filing · viewer · series |
| 26 | current assets | us-gaap:AssetsCurrent | $252.8M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 27 | current liabilities | us-gaap:LiabilitiesCurrent | $155.6M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 28 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$621.8M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 29 | liabilities | us-gaap:Liabilities | $312.1M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 30 | assets | us-gaap:Assets | $271.3M | 2023-12-31 | 2025-03-11 | 10-K | filing · viewer · series |
| 31 | assets | us-gaap:Assets | $257.7M | 2022-12-31 | 2024-03-20 | 10-K | filing · viewer · series |
| 32 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 249,992,609 | 2026-08-03 | 2026-08-06 | 10-Q | filing · viewer · series |
| 33 | net income | us-gaap:NetIncomeLoss | -$114.3M | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 34 | long term debt | us-gaap:LongTermDebtNoncurrent | $80.0M | 2025-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 35 | long term debt | us-gaap:LongTermDebtNoncurrent | $124.5M | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 36 | current assets | us-gaap:AssetsCurrent | $125.9M | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 37 | current liabilities | us-gaap:LiabilitiesCurrent | $149.3M | 2024-12-31 | 2026-02-27 | 10-K | filing · viewer · series |
| 38 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $557.0M | 2026-06-30 | 2026-08-06 | 10-Q | filing · viewer · series |
| 39 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$31.6M | 2026-06-30 | 2026-08-06 | 10-Q | filing · viewer · series |
| 40 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$6.7M | 2026-03-31 | 2026-05-07 | 10-Q | filing · viewer · series |
| 41 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$153.1M | 2025-09-30 | 2025-11-06 | 10-Q | filing · viewer · series |
| 42 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$132.7M | 2025-06-30 | 2026-08-06 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 79.9 is 0.1 points from the nearest band edge; sampling error is 3.0 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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