Intuitive Machines, Inc. (LUNR) 10-Year Financial Performance & Capital Metrics

LUNR • • Industrial / General

IndustrialsAerospace & DefenseSpace Systems & Launch ServicesSpacecraft & Satellite Systems

AboutIntuitive Machines, Inc. manufactures and supplies space products and services. It offers space products and services to support sustained robotic and human exploration to the moon, mars, and beyond. It offers its products and services through business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure. The company was founded in 2013 and is based in Houston, Texas.Show more

Revenue $228M +186.7%
EBITDA -$56M -134.7%
Net Income -$283M -551.3%
EPS (Diluted) -4.63 -295.4%
Gross Margin 16.5% +162.6%
EBITDA Margin -24.36% +18.1%
Operating Margin -25.17% +64.4%
Net Margin -124.3% -257.4%
ROE -7228.08%
ROIC -
Debt/Equity 9.53
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 95 (top 5%)

✗Weaknesses

✗High debt to equity ratio of 9.5x
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 100.0% in last year
✗Expensive at 275.2x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y46.48%

TTM8.26%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-64.8%

EPS CAGR

10Y-

5Y-

3Y-

TTM166.79%

ROCE

10Y Avg-661.63%

5Y Avg-661.63%

3Y Avg-661.63%

Latest-43.99%

Peer Comparison

Spacecraft & Satellite Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KRMNKarman Holdings Inc.	14.22B	107.49	1118.52	22.99%	2.65%	3.07%	0.08%	2.29
SPCEVirgin Galactic Holdings, Inc.	224.51M	3.07	-0.22	3.47%	-176.16%	-129.53%		1.30
SIDUSidus Space, Inc.	202.7M	3.11	-0.87	-21.64%	-6.55%	-99.03%		0.43
LUNRIntuitive Machines, Inc.	2.5B	17.57	-3.79	186.72%	-94.7%	-85.57%		9.53
RDWRedwire Corporation	1.67B	10.14	-4.31	24.73%	-70.32%	-22.44%
VOYGVoyager Technologies, Inc.	1.64B	31.24	-21.69	5.97%	-59.62%	-14.46%		1.64
PLPlanet Labs PBC	7.41B	25.32	-60.29	10.72%	-34.46%	-20.76%		0.05

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	44.26M	72.55M	85.95M	79.52M	228M
Revenue Growth %	-	0.64%	0.18%	-0.07%	1.87%
Cost of Goods Sold+	42.56M	100.31M	75.51M	100.47M	190.37M
COGS % of Revenue	0.96%	1.38%	0.88%	1.26%	0.83%
Gross Profit+	1.7M	-27.76M	10.43M	-20.95M	37.63M
Gross Margin %	0.04%	-0.38%	0.12%	-0.26%	0.17%
Gross Profit Growth %	-	-17.33%	1.38%	-3.01%	2.8%
Operating Expenses+	6.09M	10.13M	15.94M	35.29M	95.03M
OpEx % of Revenue	0.14%	0.14%	0.19%	0.44%	0.42%
Selling, General & Admin	5.51M	9.29M	14.87M	32.95M	53.26M
SG&A % of Revenue	0.12%	0.13%	0.17%	0.41%	0.23%
Research & Development	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-
Other Operating Expenses	578K	840K	1.07M	2.34M	41.77M
Operating Income+	-4.39M	-37.89M	-5.51M	-56.24M	-57.4M
Operating Margin %	-0.1%	-0.52%	-0.06%	-0.71%	-0.25%
Operating Income Growth %	-	-7.62%	0.85%	-9.21%	-0.02%
EBITDA+	-3.81M	-37.05M	38.87M	-23.66M	-55.54M
EBITDA Margin %	-0.09%	-0.51%	0.45%	-0.3%	-0.24%
EBITDA Growth %	-	-8.71%	2.05%	-1.61%	-1.35%
D&A (Non-Cash Add-back)	578K	840K	44.37M	32.58M	1.86M
EBIT	-4.39M	-37.89M	-5.59M	15.88M	-52.35M
Net Interest Income+	73K	-224K	-836K	-823K	180K
Interest Income	73K	0	0	0	180K
Interest Expense	0	224K	836K	823K	0
Other Income/Expense	73K	2.24M	-921K	71.3M	-289.49M
Pretax Income+	-4.32M	-35.65M	-6.43M	15.06M	-346.88M
Pretax Margin %	-0.1%	-0.49%	-0.07%	0.19%	-1.52%
Income Tax+	8K	2K	-23K	40K	37K
Effective Tax Rate %	0.98%	1%	1%	4.17%	0.82%
Net Income+	-4.25M	-35.65M	-6.41M	62.8M	-283.41M
Net Margin %	-0.1%	-0.49%	-0.07%	0.79%	-1.24%
Net Income Growth %	-	-7.38%	0.82%	10.81%	-5.51%
Net Income (Continuing)	-4.33M	-35.65M	-6.41M	15.02M	-346.92M
Discontinued Operations	0	0	0	0	0
Minority Interest	1.35M	0	0	181.66M	1.01B
EPS (Diluted)+	-0.24	-1.97	-0.05	2.37	-4.63
EPS Growth %	-	-7.21%	0.97%	46.32%	-2.95%
EPS (Basic)	-0.24	-1.97	-0.05	3.43	-4.63
Diluted Shares Outstanding	18.07M	18.07M	18.07M	25.56M	61.41M
Basic Shares Outstanding	18.07M	18.07M	18.07M	17.65M	61.41M
Dividend Payout Ratio	-	-	-	0.13%	-

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	32.41M	35.77M	40.99M	30.63M	293.16M
Cash & Short-Term Investments	23.93M	29.29M	25.76M	4.56M	207.61M
Cash Only	23.93M	29.29M	25.76M	4.56M	207.61M
Short-Term Investments	0	0	0	0	0
Accounts Receivable	7.97M	3.43M	1.65M	23.03M	62.87M
Days Sales Outstanding	65.72	17.28	7	105.69	100.65
Inventory	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-
Other Current Assets	62K	3.05M	13.58M	3.04M	22.68M
Total Non-Current Assets+	5.63M	7.68M	26.01M	55.3M	62.24M
Property, Plant & Equipment	5.63M	7.68M	26M	54.3M	62.24M
Fixed Asset Turnover	7.86x	9.45x	3.30x	1.46x	3.66x
Goodwill	0	0	0	0	0
Intangible Assets	0	0	0	0	0
Long-Term Investments	0	0	0	0	0
Other Non-Current Assets	0	0	0	980K	0
Total Assets+	38.04M	43.45M	67M	85.93M	355.4M
Asset Turnover	1.16x	1.67x	1.28x	0.93x	0.64x
Asset Growth %	-	0.14%	0.54%	0.28%	3.14%
Total Current Liabilities+	47.05M	68.42M	95.18M	81.53M	98.83M
Accounts Payable	11.9M	2.88M	6.52M	22.56M	20.1M
Days Payables Outstanding	102.05	10.47	31.53	81.95	38.54
Short-Term Debt	1.22M	12.11M	16.1M	12.86M	0
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K
Other Current Liabilities	33.42M	15.29M	25.3M	2.17M	19.38M
Current Ratio	0.69x	0.52x	0.43x	0.38x	2.97x
Quick Ratio	0.69x	0.52x	0.43x	0.38x	2.97x
Cash Conversion Cycle	-	-	-	-	-
Total Non-Current Liabilities+	6M	26.87M	29.44M	55.97M	252.65M
Long-Term Debt	586K	0	3.86M	0	0
Capital Lease Obligations	2.88M	2.37M	5.08M	30.62M	35.32M
Deferred Tax Liabilities	0	0	0	21K	0
Other Non-Current Liabilities	2.53M	13.97M	20.5M	25.33M	203M
Total Liabilities	53.05M	95.29M	124.62M	137.5M	351.48M
Total Debt+	5.14M	14.99M	25.76M	43.48M	37.38M
Net Debt	-18.79M	-14.3M	0	38.91M	-170.23M
Debt / Equity	-	-	-	-	9.53x
Debt / EBITDA	-	-	0.66x	-	-
Net Debt / EBITDA	-	-	-	-	-
Interest Coverage	-	-169.14x	-6.59x	-68.33x	-
Total Equity+	-15.01M	-51.84M	-57.62M	-51.57M	3.92M
Equity Growth %	-	-2.45%	-0.11%	0.1%	1.08%
Book Value per Share	-0.83	-2.87	-3.19	-2.02	0.06
Total Shareholders' Equity	-16.36M	-51.84M	-57.62M	-233.23M	-1B
Common Stock	1K	1K	1K	9K	16K
Retained Earnings	-30.53M	-66.18M	-72.59M	-248.62M	-996.45M
Treasury Stock	0	0	0	-12.82M	-12.82M
Accumulated OCI	0	0	0	0	0
Minority Interest	1.35M	0	0	181.66M	1.01B

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	8.15M	-16.57M	784K	-45.28M	-57.59M
Operating CF Margin %	0.18%	-0.23%	0.01%	-0.57%	-0.25%
Operating CF Growth %	-	-3.03%	1.05%	-58.75%	-0.27%
Net Income	-4.33M	-35.65M	-6.41M	10.14M	-343.43M
Depreciation & Amortization	578K	840K	1.07M	1.38M	1.86M
Stock-Based Compensation	0	318K	624K	4.27M	8.8M
Deferred Taxes	0	0	-7K	7K	0
Other Non-Cash Items	0	-2.33M	946K	-72.43M	326.84M
Working Capital Changes	11.9M	20.25M	4.55M	11.36M	-51.66M
Change in Receivables	171K	2.74M	-3.88M	-14.25M	-56.42M
Change in Inventory	704K	0	0	0	0
Change in Payables	10.33M	-9.08M	3.65M	18.53M	0
Cash from Investing+	-2.55M	-3.18M	-16.41M	-29.91M	-10.11M
Capital Expenditures	-2.55M	-3.18M	-16.41M	-29.91M	-10.11M
CapEx % of Revenue	0.06%	0.04%	0.19%	0.38%	0.04%
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	0	0	0	0	0
Cash from Financing+	1.66M	25.11M	12.1M	53.92M	272.79M
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	0	0	0	-7.95M	0
Share Repurchases	-	-	-	-	-
Other Financing	0	13M	4.25M	47.88M	283.32M
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	5.6M	-19.74M	-15.62M	-75.19M	-67.7M
FCF Margin %	0.13%	-0.27%	-0.18%	-0.95%	-0.3%
FCF Growth %	-	-4.53%	0.21%	-3.81%	0.1%
FCF per Share	0.31	-1.09	-0.86	-2.94	-1.10
FCF Conversion (FCF/Net Income)	-1.92x	0.46x	-0.12x	-0.72x	0.20x
Interest Paid	0	230K	1.01M	1.92M	408K
Taxes Paid	11K	0	0	35K	0

Key Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-	-	-7228.08%
Gross Margin	3.84%	-38.26%	12.14%	-26.35%	16.5%
Net Margin	-9.61%	-49.14%	-7.45%	78.98%	-124.3%
Debt / Equity	-	-	-	-	9.53x
Interest Coverage	-	-169.14x	-6.59x	-68.33x	-
FCF Conversion	-1.92x	0.46x	-0.12x	-0.72x	0.20x
Revenue Growth	-	63.93%	18.46%	-7.48%	186.72%

Revenue by Segment

	2024
Reportable	228M
Reportable Growth	-

Frequently Asked Questions

Growth & Financials

Intuitive Machines, Inc. (LUNR) reported $220.3M in revenue for fiscal year 2024. This represents a 398% increase from $44.3M in 2020.

Intuitive Machines, Inc. (LUNR) grew revenue by 186.7% over the past year. This is strong growth.

Intuitive Machines, Inc. (LUNR) reported a net loss of $208.6M for fiscal year 2024.

Dividend & Returns

Intuitive Machines, Inc. (LUNR) has a return on equity (ROE) of -7228.1%. Negative ROE indicates the company is unprofitable.

Intuitive Machines, Inc. (LUNR) had negative free cash flow of $39.9M in fiscal year 2024, likely due to heavy capital investments.

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