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Side-by-side financial comparison of Intuitive Machines, Inc. (LUNR) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

RE/MAX Holdings, Inc. is the larger business by last-quarter revenue ($71.1M vs $43.3M, roughly 1.6× Intuitive Machines, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -92.1%, a 94.1% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -20.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-22.9M). Over the past eight quarters, RE/MAX Holdings, Inc.'s revenue compounded faster (-4.7% CAGR vs -23.1%).

Intuitive Machines, Inc. is an American space exploration company headquartered in Houston, Texas. It was founded in 2013 by Stephen Altemus, Kam Ghaffarian, and Tim Crain, to provide commercial and government exploration of the Moon. Today the company offers lunar surface access for transportation and payload delivery, data transmission services, and infrastructure-as-a-service. Intuitive Machines holds three NASA contracts under the space agency's Commercial Lunar Payload Services (CLPS) in...

RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.

LUNR vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.6× larger
RMAX
$71.1M
$43.3M
LUNR
Growing faster (revenue YoY)
RMAX
RMAX
+18.9% gap
RMAX
-1.8%
-20.8%
LUNR
Higher net margin
RMAX
RMAX
94.1% more per $
RMAX
2.0%
-92.1%
LUNR
More free cash flow
RMAX
RMAX
$56.4M more FCF
RMAX
$33.5M
$-22.9M
LUNR
Faster 2-yr revenue CAGR
RMAX
RMAX
Annualised
RMAX
-4.7%
-23.1%
LUNR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LUNR
LUNR
RMAX
RMAX
Revenue
$43.3M
$71.1M
Net Profit
$-39.9M
$1.4M
Gross Margin
Operating Margin
-76.4%
13.1%
Net Margin
-92.1%
2.0%
Revenue YoY
-20.8%
-1.8%
Net Profit YoY
73.3%
-75.2%
EPS (diluted)
$-0.34

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LUNR
LUNR
RMAX
RMAX
Q4 25
$43.3M
$71.1M
Q3 25
$51.0M
$73.2M
Q2 25
$50.3M
$72.8M
Q1 25
$62.5M
$74.5M
Q4 24
$54.7M
$72.5M
Q3 24
$58.5M
$78.5M
Q2 24
$41.6M
$78.5M
Q1 24
$73.2M
$78.3M
Net Profit
LUNR
LUNR
RMAX
RMAX
Q4 25
$-39.9M
$1.4M
Q3 25
$-6.8M
$4.0M
Q2 25
$-25.2M
$4.7M
Q1 25
$-11.4M
$-2.0M
Q4 24
$-149.2M
$5.8M
Q3 24
$-55.4M
$966.0K
Q2 24
$18.7M
$3.7M
Q1 24
$-97.5M
$-3.4M
Operating Margin
LUNR
LUNR
RMAX
RMAX
Q4 25
-76.4%
13.1%
Q3 25
-30.2%
25.0%
Q2 25
-56.9%
19.3%
Q1 25
-16.1%
7.2%
Q4 24
-24.5%
5.9%
Q3 24
-23.5%
19.4%
Q2 24
-66.0%
20.6%
Q1 24
-3.8%
5.8%
Net Margin
LUNR
LUNR
RMAX
RMAX
Q4 25
-92.1%
2.0%
Q3 25
-13.4%
5.4%
Q2 25
-50.0%
6.4%
Q1 25
-18.2%
-2.6%
Q4 24
-272.9%
8.0%
Q3 24
-94.7%
1.2%
Q2 24
44.8%
4.7%
Q1 24
-133.1%
-4.3%
EPS (diluted)
LUNR
LUNR
RMAX
RMAX
Q4 25
$-0.34
Q3 25
$-0.06
Q2 25
$-0.22
Q1 25
$-0.11
Q4 24
$-1.42
Q3 24
$-0.83
Q2 24
$0.30
Q1 24
$-2.68

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LUNR
LUNR
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$582.6M
$118.7M
Total DebtLower is stronger
$335.3M
$432.2M
Stockholders' EquityBook value
$-755.0M
$452.4M
Total Assets
$757.2M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LUNR
LUNR
RMAX
RMAX
Q4 25
$582.6M
$118.7M
Q3 25
$622.0M
$107.5M
Q2 25
$344.9M
$94.3M
Q1 25
$373.3M
$89.1M
Q4 24
$207.6M
$96.6M
Q3 24
$89.6M
$83.8M
Q2 24
$31.6M
$66.1M
Q1 24
$55.2M
$82.1M
Total Debt
LUNR
LUNR
RMAX
RMAX
Q4 25
$335.3M
$432.2M
Q3 25
$334.8M
$433.3M
Q2 25
$434.4M
Q1 25
$435.3M
Q4 24
$0
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$439.0M
Stockholders' Equity
LUNR
LUNR
RMAX
RMAX
Q4 25
$-755.0M
$452.4M
Q3 25
$-404.2M
$448.1M
Q2 25
$-381.2M
$442.4M
Q1 25
$-136.9M
$433.5M
Q4 24
$-1.0B
$429.5M
Q3 24
$-496.8M
$423.1M
Q2 24
$-235.0M
$418.4M
Q1 24
$-493.6M
$412.0M
Total Assets
LUNR
LUNR
RMAX
RMAX
Q4 25
$757.2M
$582.5M
Q3 25
$753.5M
$582.2M
Q2 25
$475.6M
$574.8M
Q1 25
$500.0M
$571.4M
Q4 24
$355.4M
$581.6M
Q3 24
$224.8M
$578.6M
Q2 24
$140.1M
$571.4M
Q1 24
$170.8M
$566.7M
Debt / Equity
LUNR
LUNR
RMAX
RMAX
Q4 25
0.96×
Q3 25
0.97×
Q2 25
0.98×
Q1 25
1.00×
Q4 24
1.02×
Q3 24
1.03×
Q2 24
1.05×
Q1 24
1.07×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LUNR
LUNR
RMAX
RMAX
Operating Cash FlowLast quarter
$-7.3M
$40.9M
Free Cash FlowOCF − Capex
$-22.9M
$33.5M
FCF MarginFCF / Revenue
-53.0%
47.1%
Capex IntensityCapex / Revenue
36.1%
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$-56.0M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LUNR
LUNR
RMAX
RMAX
Q4 25
$-7.3M
$40.9M
Q3 25
$-7.2M
$17.7M
Q2 25
$-19.3M
$4.6M
Q1 25
$19.4M
$5.7M
Q4 24
$-2.0M
$59.7M
Q3 24
$-17.9M
$17.6M
Q2 24
$-31.3M
$15.9M
Q1 24
$-6.4M
$9.4M
Free Cash Flow
LUNR
LUNR
RMAX
RMAX
Q4 25
$-22.9M
$33.5M
Q3 25
$-19.0M
$16.4M
Q2 25
$-27.3M
$2.9M
Q1 25
$13.3M
$4.0M
Q4 24
$-6.9M
$53.0M
Q3 24
$-19.3M
$16.3M
Q2 24
$-33.5M
$14.0M
Q1 24
$-8.0M
$6.8M
FCF Margin
LUNR
LUNR
RMAX
RMAX
Q4 25
-53.0%
47.1%
Q3 25
-37.2%
22.4%
Q2 25
-54.3%
4.0%
Q1 25
21.3%
5.3%
Q4 24
-12.6%
73.2%
Q3 24
-33.0%
20.8%
Q2 24
-80.4%
17.8%
Q1 24
-11.0%
8.6%
Capex Intensity
LUNR
LUNR
RMAX
RMAX
Q4 25
36.1%
10.4%
Q3 25
23.2%
1.8%
Q2 25
16.0%
2.2%
Q1 25
9.8%
2.3%
Q4 24
9.0%
9.1%
Q3 24
2.4%
1.7%
Q2 24
5.3%
2.4%
Q1 24
2.2%
3.3%
Cash Conversion
LUNR
LUNR
RMAX
RMAX
Q4 25
28.39×
Q3 25
4.45×
Q2 25
0.97×
Q1 25
Q4 24
10.28×
Q3 24
18.22×
Q2 24
-1.67×
4.29×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LUNR
LUNR

Segment breakdown not available.

RMAX
RMAX

Franchising Segment$50.1M70%
Broker Fees$13.9M20%
Annual Dues$7.4M10%

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