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Developing electric aircraft (ALIA eVTOL and fixed-wing eCTOL) plus charging infrastructure for cargo, medical and military use.
Developing electric aircraft (ALIA eVTOL and fixed-wing eCTOL) plus charging infrastructure for cargo, medical and military use.
Revenue so far is small and comes from charging equipment, electric propulsion units and development work rather than from aircraft deliveries, which wait on FAA type certification. The company is based in Vermont.
Moat: narrow (IP / patents, regulatory licence). Early FAA certification progress and a proprietary charging network are hard to replicate quickly.
Headquarters: South Burlington, Vermont, US · Founded: 2017 · Employees: 1,008
Size BETA Technologies (BETA) is a United States Industrials company (Aerospace & Defense) with a market value of $6.37B, the 1019th largest of 3,117 United States companies the cockpit tracks. Shares closed at $27.12 on 6 Nov 2026.
Performance Over six months the shares gained 45.2%, against -18.1% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 136.0% over the last twelve months (peer median +23.7%); the operating margin is -1,033.0% (peer median 8.0%).
Valuation It trades at 97.8× enterprise value to sales against a peer median of 3.5× (most expensive of 21).
Capital Return on invested capital runs 127.4 points below its cost of capital (13.9% WACC).
Backlog Backlog (remaining performance obligations) was $28.9M at 30 Sep 2026, up 55% on a year earlier — 0.5 years of trailing revenue. Backlog detail →
Short interest Short interest is 6.5% of the free float (15 Oct 2026).
Next results Next results expected around 15 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | $53.6M | $35.6M | $15.1M | $15.4M |
| Revenue growth | — | +136% | -2% | — |
| Gross profit | $11.3M | $3.69M | -$5.89M | $4.71M |
| EBITDA | -$529M | -$351M | -$256M | -$178M |
| Net income | -$540M | -$746M | -$276M | -$176M |
| Free cash flow | -$479M | -$313M | -$296M | -$311M |
| Capital expenditure | $124M | $45.4M | $73.5M | $153M |
| Total debt | $216M | $204M | $171M | $155M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| BETA Technologies BETA | $6.37B | +45% | +136% | -1,033% | 97.8× | n/a |
| Joby Aviation JOBY | $5.89B | -45% | +118,568% | -754% | 38.1× | n/a |
| Archer Aviation ACHR | $3.42B | -31% | n/a | -13,570% | 289.8× | n/a |
| Eve EVEX | $645M | -43% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BETA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +32.3% | -4.9% | 2nd highest of 21 |
| 6-month return | +45.2% | -18.1% | highest of 21 |
| Distance from 52-week high | -31.3% | -43.5% | 5th highest of 21 |
| Revenue growth (TTM) | +136.0% | +23.7% | 2nd highest of 21 |
| Operating margin | -1,033.0% | 8.0% | lowest of 21 |
| EV / Sales | 97.8× | 3.5× | most expensive of 21 |
| ROIC minus cost of capital | -127.4 pp | -1.9 pp | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BETA Technologies BETA | United States | $6.37B | +45% | +136% | -1,033% | 97.8× | n/a | n/a |
| China Aerospace Times Electronics 600879.SS | China | $6.43B | -46% | -13% | 1% | 4.3× | n/a | n/a |
| Kratos Defense & Security Solutions KTOS | United States | $6.59B | -39% | +26% | 2% | 3.5× | n/a | n/a |
| Hexcel HXL | United States | $6.09B | -16% | +8% | 11% | 3.5× | 23.0% | +4.5% |
| Karman KRMN | United States | $6.04B | -25% | +50% | 19% | 11.7× | n/a | n/a |
| Joby Aviation JOBY | United States | $5.89B | -45% | +118,568% | -754% | 38.1× | n/a | n/a |
| Hanwha Systems 272210.KS | South Korea | $6.93B | -57% | +30% | 6% | 2.3× | n/a | n/a |
| Loar LOAR | United States | $7.05B | +26% | +30% | 25% | 13.5× | 29.1% | +27.5% |
| AeroVironment AVAV | United States | $5.73B | -33% | +84% | 1% | 3.0× | n/a | n/a |
| Korea Aerospace 047810.KS | South Korea | $7.37B | -39% | +44% | 6% | 2.1× | n/a | n/a |
| Glarun Technology 600562.SS | China | $5.43B | +6% | -8% | 21% | 11.0× | n/a | n/a |
| LIG Defense&Aerospace 079550.KS | South Korea | $5.24B | -65% | +26% | 8% | 1.9× | n/a | n/a |
| Melrose Industries MRO.L | United Kingdom | $7.80B | -4% | +9% | 11% | 2.0× | 15.3% | -12.8% |
| Amentum AMTM | United States | $5.20B | -13% | +11% | 4% | 0.6× | 1.7% | +23.3% |
| Nanchang Sanrui Intelligence Technology 301696.SZ | China | $4.87B | -14% | +29% | 45% | 28.9× | 36.1% | +43.7% |
| AVIC Airborne Systems 600372.SS | China | $8.36B | -11% | -2% | 5% | 2.8× | n/a | n/a |
| Raytron Technology 688002.SS | China | $8.64B | -15% | +84% | 29% | 6.0× | 20.1% | +32.1% |
| Mercury Systems MRCY | United States | $4.48B | -19% | +8% | 2% | 4.8× | 59.6% | +1.3% |
| Leonardo DRS DRS | United States | $9.08B | -18% | +9% | 11% | 2.3× | 4.6% | +5.6% |
| Aar AIR | United States | $4.39B | -7% | +22% | 9% | 1.5× | 13.2% | +14.9% |
| Bharat Dynamics BDL.NS | India | $4.12B | -28% | -19% | 10% | 14.1× | n/a | n/a |
BETA Technologies reported $28.9M of remaining performance obligations at 30 Sep 2026, up 55% from a year earlier and down 12% from the previous quarter. That is 0.5 years of trailing revenue already under contract. Book-to-bill last quarter: 0.77.