Virgin Orbit Holdings Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Virgin Orbit Holdings Inc (VORB) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Virgin Orbit Holdings Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 33M vs 31,454M combined for tracked competitors (0.1% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-99.0% annualized vs trailing 12 months), vs accelerating (+53.2%) for its tracked peer group.
- Growth: Virgin Orbit Holdings Inc generated -46.5% revenue growth year over year in Q4 2022, vs -11.9% for its tracked competitors combined.
- Profitability: Its -62,232.5% net margin compares with 4.9% for the peer group.
- Peer revenue share: Virgin Orbit Holdings Inc accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.05M compares with $0.80M for the peer group (0.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
VORB Sales vs. its Competitors, Q4 2022
Virgin Orbit Holdings Inc reported revenue contraction of 46.45 % year on year in Q4 2022, below its competitors' combined revenue change of -11.90 %.
With a net margin of -62,232.53 %, Virgin Orbit Holdings Inc reported lower profitability than its competitors (4.86 %).
Virgin Orbit Holdings Inc generated 0.00 % of the combined sales of its peer group, up from 0.00 % a year earlier.
Virgin Orbit Holdings Inc vs. its Competitors, Q4 2022
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Virgin Orbit Holdings Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Virgin Orbit Holdings Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Virgin Orbit Holdings Inc's competitor groups requires a Commercial License.
For context: the Aerospace & Defense industry grew revenue 13.0% year over year, combined, vs -46.5% for Virgin Orbit Holdings Inc. Virgin Orbit Holdings Inc's share of combined industry revenue moved from 0.00% to 0.00%, a gain of 0.00 percentage points.
Virgin Orbit Holdings Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Virgin Orbit Holdings Inc | No | - | - | Yes |
| Competitors combined (7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
VORB Stock Performance relative to its Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Planet Labs Pbc | 282.9% | Outperformed |
| 2 | Blacksky Technology Inc | 282.9% | Outperformed |
| 3 | Truist Financial Corporation | 282.9% | Outperformed |
| 4 | Spire Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Virgin Orbit Holdings Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Virgin Orbit Holdings Inc's Comment on Competition and Industry Peers
Established air-launch providers, with proof of delivering payloads into orbit, of which there is one known operational competitor, Northrop Grumman;
Established vertical ground launch providers, with proof of delivering payloads into orbit, including SpaceX, United Launch Alliance, International Launch Services (ILS) and Rocket Lab, as well as foreign space agencies such as Arianespace, Roscosmos (GK Launch Services), ISC Kosmotras, the Indian Space Research Organisation?s PSLV, Japan?s H-2 and H-3 and the European Space Agency?s Vega;
Companies that are reported to have plans to provide launch vehicles that are capable of regularly delivering payloads into orbit, but that have not deployed an operational payload or launched successfully, including Astra Space, Inc., ABL, Relativity Space, Firefly Aerospace, Southern Launch and LandSpace; and
Space solutions providers offering combined IoT and EO services, as well as a range of on-orbit services, such as BlackSky, Spire, Planet Labs, StarLink, OneWeb and China Spacesat.
Publicly Traded Peers of Virgin Orbit Holdings Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Virgin Orbit Holdings Inc | 25.81 | 33.11 |
| Truist Financial Corporation | 57,367.55 | 19,028.00 |
| Planet Labs Pbc | 5,663.14 | 334.07 |
| Spire Inc | 4,504.53 | 2,856.40 |
| Blacksky Technology Inc | 818.82 | 108.92 |
| Midwest Holding Inc | 104.63 | 92.53 |
| SUBTOTAL | 68,506.76 | 31,580.02 |
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Sources: Virgin Orbit Holdings Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Virgin Orbit Holdings Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Virgin Orbit Holdings Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Astra Space Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Virgin Orbit Holdings Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Virgin Orbit Holdings Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Spire Inc | Gas Utility 90.05 % |
| Blacksky Technology Inc | Reportable 100.00 % |
| Partnerre Ltd | Property and Casualty 43.25 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Virgin Orbit Holdings Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Virgin Orbit Holdings Inc | 26 | 50,161 | -289,633 |
| Truist Financial Corporation | 57,368 | 513,078 | 157,472 |
| Planet Labs Pbc | 5,663 | 334,075 | -249,440 |
| Spire Inc | 4,505 | - | - |
| Blacksky Technology Inc | 819 | 339,321 | -207,804 |
| Midwest Holding Inc | 105 | - | - |
| PEERS TOTAL | 68,481 | 796,499 | 206,705 |
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Virgin Orbit Holdings Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Planet Labs Pbc | North America 42.93 % |
| Blacksky Technology Inc | Non-US 52.87 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Virgin Orbit Holdings Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Aerospace & Defense industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (56 companies). See the full Aerospace & Defense industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | -158.98 % | 30.35 % (avg) | -189.3 pp |
| Operating Margin | -653.55 % | industry median | -659.1 pp |
| EBITDA Margin | -539.41 % | 4.84 % (avg) | -544.2 pp |
| Capital Intensity (Capex / Revenue) | 63.14 % | 7.10 % (avg) | +56.0 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Virgin Orbit Holdings Inc's Valuation vs Competitive Position
Valuation multiples vs the Aerospace & Defense industry average (56 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Aerospace & Defense industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 36.1x | - |
| EV / EBITDA | - | 21.5x | - |
| P/B | 7.4x | 5.2x | +2.1x |
| Return on Equity | -183.73 % | industry aggregate | -201.32 % |
| Return on Invested Capital | -75.14 % | 2.69 % (avg) | -77.83 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Virgin Orbit Holdings Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 63.14 % vs industry average 7.10 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Virgin Orbit Holdings Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Virgin Orbit Holdings Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Virgin Orbit Holdings Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Virgin Orbit Holdings Inc falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Virgin Orbit Holdings Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Operating margin 659.1 points below the industry median.
- Return on equity 201.3 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-99.0% annualized vs trailing 12 months).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- Industry revenue growing at a healthy 15.0% median pace.
Threats
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Virgin Orbit Holdings Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Virgin Orbit Holdings Inc | 1.14 | 2.17 | 0.42 |
| Truist Financial Corporation | 0.09 | 0.16 | 1.08 |
| Planet Labs Pbc | 1.06 | 2.35 | 0.95 |
| Spire Inc | 0.01 | 0.53 | 1.55 |
| Blacksky Technology Inc | 0.68 | 4.15 | 1.75 |
| Midwest Holding Inc | 0.61 | 4.06 | 1.71 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Virgin Orbit Holdings Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Virgin Orbit Holdings Inc | Q4 2022 | -46.5 % | - |
| Truist Financial Corporation | Q2 2026 | +8.2 % | +25.2 % |
| Planet Labs Pbc | Q1 2026 | +42.4 % | - |
| Spire Inc | Q1 2026 | +34.8 % | +222.1 % |
| Blacksky Technology Inc | Q2 2026 | +50.1 % | - |
| Midwest Holding Inc | Q3 2022 | -13.6 % | -17.8 % |
| PEERS TOTAL | +36.7 % | +3,958.2 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Virgin Orbit Holdings Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Virgin Orbit Holdings Inc | Q4 2022 | +95.8 % | -85.0 % |
| Truist Financial Corporation | Q2 2026 | -24.2 % | - |
| Planet Labs Pbc | Q1 2026 | +48.3 % | +83.0 % |
| Spire Inc | Q1 2026 | +17.5 % | - |
| Blacksky Technology Inc | Q2 2026 | - | -5.8 % |
| Midwest Holding Inc | Q3 2022 | - | -99.2 % |
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Virgin Orbit Holdings Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Virgin Orbit Holdings Inc | - | - | - |
| Truist Financial Corporation | 1.06% | 2.65% | 9.01% |
| Planet Labs Pbc | - | - | - |
| Spire Inc | 3.74% | 5.40% | 13.14% |
| Blacksky Technology Inc | - | - | - |
| Midwest Holding Inc | 0.04% | 1.34% | 3.40% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Virgin Orbit Holdings Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Virgin Orbit Holdings Inc | - | 0.78 |
| Truist Financial Corporation | 10.64 | 3.01 |
| Planet Labs Pbc | - | 16.95 |
| Spire Inc | 10.31 | 1.58 |
| Blacksky Technology Inc | - | 7.52 |
| Midwest Holding Inc | - | 1.13 |
| PEERS AVERAGE | 8.57 | 2.17 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.