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Space company building and operating lunar landers under NASA's Commercial Lunar Payload Services (CLPS) program.
Space company building and operating lunar landers under NASA's Commercial Lunar Payload Services (CLPS) program.
Is paid by NASA in fixed-price instalments for each lander mission, so income depends on hitting mission milestones, and NASA remains nearly its only large customer. Its first two landings, in 2024 and 2025, both ended with the lander on its side, which shows how much rides on each flight.
Moat: narrow (regulatory licence, first-mover approval). One of few companies with a NASA-contracted, flight-proven lunar lander program.
Headquarters: Houston, Texas, US · Founded: 2013 · Employees: 525
Size Intuitive Machines (LUNR) is a United States Industrials company (Aerospace & Defense) with a market value of $2.40B, the 1686th largest of 3,117 United States companies the cockpit tracks. Shares closed at $10.47 on 6 Nov 2026.
Performance Over six months the shares fell 63.9%, against -12.6% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 116.9% over the last twelve months (peer median +3.5%); the operating margin is -19.6% (peer median 0.7%).
Valuation It trades at 7.5× enterprise value to sales against a peer median of 3.5× (6th most expensive of 21).
Capital Return on invested capital runs 18.7 points below its cost of capital (13.0% WACC).
Backlog Backlog (remaining performance obligations) was $815M at 30 Jun 2026, up 550% on a year earlier — 1.7 years of trailing revenue. Backlog detail →
Short interest Short interest is 22.0% of the free float (15 Oct 2026).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $490M | $210M | $228M | $79.6M | $85.9M |
| Revenue growth | — | -8% | +187% | -7% | — |
| Gross profit | $49.9M | $5.39M | $910,000 | -$25.8M | $9.36M |
| EBITDA | -$37.5M | -$43.1M | -$36.8M | -$27.6M | $38.9M |
| Net income | -$131M | -$83.3M | -$283M | $61.8M | $0 |
| Free cash flow | -$188M | -$56.0M | -$67.7M | -$75.2M | -$15.6M |
| Capital expenditure | $61.5M | $41.7M | $10.1M | $29.9M | $16.4M |
| Total debt | $430M | $372M | $37.4M | $43.5M | $34.9M |
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 |
|---|---|---|---|---|---|---|
| Intuitive Machines LUNR | $2.40B | -64% | +117% | -20% | 7.5× | n/a |
| Firefly Aerospace FLY | $3.48B | -48% | +179% | -116% | 10.1× | n/a |
| ispace,inc 9348.T | $311M | -28% | -56% | -681% | 23.0× | 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 | LUNR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -23.6% | -2.3% | 4th lowest of 20 |
| 6-month return | -63.9% | -12.6% | lowest of 20 |
| Distance from 52-week high | -77.6% | -39.4% | lowest of 21 |
| Revenue growth (TTM) | +116.9% | +3.5% | highest of 20 |
| Operating margin | -19.6% | 0.7% | 3rd lowest of 21 |
| EV / Sales | 7.5× | 3.5× | 6th most expensive of 21 |
| ROIC minus cost of capital | -18.7 pp | -5.6 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Intuitive Machines LUNR | United States | $2.40B | -64% | +117% | -20% | 7.5× | n/a | n/a |
| Exail Technologies EXA.PA | France | $2.37B | +10% | +24% | -2% | 3.8× | 42.5% | +26.0% |
| Astronics ATRO | United States | $2.36B | -13% | +14% | 14% | 2.9× | 17.3% | +11.4% |
| Hunan Aerospace Huanyu Communication Technology 688523.SS | China | $2.19B | -45% | -30% | -8% | 39.9× | n/a | n/a |
| Aerospace CH UAV 002389.SZ | China | $2.64B | -17% | +3% | 0% | 6.0× | n/a | n/a |
| North Navigation Control Technology 600435.SS | China | $2.65B | -19% | -32% | -5% | 5.7× | 17.1% | +6.8% |
| AECC Aero Science And Technology 600391.SS | China | $2.13B | +16% | -15% | 4% | 4.7× | 29.7% | +9.7% |
| Sai MicroElectronics 300456.SZ | China | $2.75B | -45% | -59% | -99% | 42.5× | 41.7% | +1.5% |
| Bodycote BOY.L | United Kingdom | $2.09B | +35% | +2% | 15% | 2.4× | 22.6% | +4.0% |
| Ducommun DCO | United States | $2.04B | -1% | +9% | 10% | 2.7× | n/a | n/a |
| North Industries Group Red Arrow 000519.SZ | China | $2.88B | -22% | +100% | 1% | 1.5× | 23.0% | +7.5% |
| Sensofusion SENSO.HE | Finland | $1.97B | n/a | n/a | 64% | 47.9× | n/a | n/a |
| Ligeance Aerospace Technology 000697.SZ | China | $1.94B | -9% | +24% | -10% | 5.7× | n/a | n/a |
| Chemring CHG.L | United Kingdom | $1.92B | +13% | -4% | 13% | 3.1× | n/a | n/a |
| Cirrus Aircraft 2507.HK | Hong Kong | $1.85B | +5% | +14% | 13% | 0.9× | -1.4% | +18.3% |
| AviChina Industry & Technology 2357.HK | Hong Kong | $3.11B | -13% | +2% | 5% | 0.9× | n/a | n/a |
| China Marine Information Electronics 600764.SS | China | $1.82B | -28% | +9% | -2% | 3.1× | n/a | n/a |
| Redwire RDW | United States | $1.80B | -35% | +63% | -41% | 3.3× | n/a | n/a |
| Anhui GreatWall Military Industry 601606.SS | China | $3.20B | -22% | -10% | -7% | 15.7× | n/a | n/a |
| Inner Mongolia First Machinery 600967.SS | China | $3.22B | -10% | -7% | 0% | 2.0× | 38.2% | -5.4% |
| MTAR Technologies MTARTECH.NS | India | $1.77B | -18% | +108% | 20% | 12.5× | 48.5% | +29.2% |
Intuitive Machines reported $815M of remaining performance obligations at 30 Jun 2026, up 550% from a year earlier and up 3% from the previous quarter. That is 1.7 years of trailing revenue already under contract. Book-to-bill last quarter: 1.11.