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Leonardo DRS, Inc.（DRS）与Intuitive Machines, Inc.（LUNR）财务数据对比。点击上方公司名可切换其他公司
Leonardo DRS, Inc.的季度营收约是Intuitive Machines, Inc.的24.5倍（$1.1B vs $43.3M）。Leonardo DRS, Inc.净利率更高（9.6% vs -92.1%，领先101.7%）。Leonardo DRS, Inc.同比增速更快（8.1% vs -20.8%）。Leonardo DRS, Inc.自由现金流更多（$376.0M vs $-22.9M）。过去两年Leonardo DRS, Inc.的营收复合增速更高（24.1% vs -23.1%）
莱昂纳多DRS公司是美国本土国防承包商，前身为DRS技术公司，曾于纽约证券交易所挂牌交易，2008年被莱昂纳多的前身芬梅卡尼卡收购，核心业务为向美国军方提供先进国防技术及配套系统产品。
Intuitive Machines是一家总部位于美国得克萨斯州休斯敦的航天探索企业，由斯蒂芬·阿尔特穆斯、卡姆·加法里安和蒂姆·克莱因于2013年创立，主营业务为商业及政府部门提供月球探索相关服务，目前可提供月球表面运输与载荷投递、数据传输服务以及基础设施即服务，还持有NASA商业月球载荷服务项目下的三项合同。
DRS vs LUNR — 直观对比
营收规模更大
DRS
是对方的24.5倍
$43.3M
营收增速更快
DRS
高出28.8%
-20.8%
净利率更高
DRS
高出101.7%
-92.1%
自由现金流更多
DRS
多$398.9M
$-22.9M
两年增速更快
DRS
近两年复合增速
-23.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $43.3M |
| 净利润 | $102.0M | $-39.9M |
| 毛利率 | 25.4% | — |
| 营业利润率 | 11.9% | -76.4% |
| 净利率 | 9.6% | -92.1% |
| 营收同比 | 8.1% | -20.8% |
| 净利润同比 | 14.6% | 73.3% |
| 每股收益（稀释后） | $0.38 | $-0.34 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DRSLUNR
| Q4 25 | $1.1B | $43.3M | ||
| Q3 25 | $960.0M | $51.0M | ||
| Q2 25 | $829.0M | $50.3M | ||
| Q1 25 | $799.0M | $62.5M | ||
| Q4 24 | $981.0M | $54.7M | ||
| Q3 24 | $812.0M | $58.5M | ||
| Q2 24 | $753.0M | $41.6M | ||
| Q1 24 | $688.0M | $73.2M |
净利润DRSLUNR
| Q4 25 | $102.0M | $-39.9M | ||
| Q3 25 | $72.0M | $-6.8M | ||
| Q2 25 | $54.0M | $-25.2M | ||
| Q1 25 | $50.0M | $-11.4M | ||
| Q4 24 | $89.0M | $-149.2M | ||
| Q3 24 | $57.0M | $-55.4M | ||
| Q2 24 | $38.0M | $18.7M | ||
| Q1 24 | $29.0M | $-97.5M |
毛利率DRSLUNR
| Q4 25 | 25.4% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 23.8% | — | ||
| Q1 25 | 22.7% | — | ||
| Q4 24 | 24.0% | — | ||
| Q3 24 | 22.0% | — | ||
| Q2 24 | 22.4% | — | ||
| Q1 24 | 22.2% | — |
营业利润率DRSLUNR
| Q4 25 | 11.9% | -76.4% | ||
| Q3 25 | 9.7% | -30.2% | ||
| Q2 25 | 8.4% | -56.9% | ||
| Q1 25 | 7.4% | -16.1% | ||
| Q4 24 | 12.2% | -24.5% | ||
| Q3 24 | 9.2% | -23.5% | ||
| Q2 24 | 7.3% | -66.0% | ||
| Q1 24 | 6.3% | -3.8% |
净利率DRSLUNR
| Q4 25 | 9.6% | -92.1% | ||
| Q3 25 | 7.5% | -13.4% | ||
| Q2 25 | 6.5% | -50.0% | ||
| Q1 25 | 6.3% | -18.2% | ||
| Q4 24 | 9.1% | -272.9% | ||
| Q3 24 | 7.0% | -94.7% | ||
| Q2 24 | 5.0% | 44.8% | ||
| Q1 24 | 4.2% | -133.1% |
每股收益（稀释后）DRSLUNR
| Q4 25 | $0.38 | $-0.34 | ||
| Q3 25 | $0.26 | $-0.06 | ||
| Q2 25 | $0.20 | $-0.22 | ||
| Q1 25 | $0.19 | $-0.11 | ||
| Q4 24 | $0.34 | $-1.42 | ||
| Q3 24 | $0.21 | $-0.83 | ||
| Q2 24 | $0.14 | $0.30 | ||
| Q1 24 | $0.11 | $-2.68 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $647.0M | $582.6M |
| 总债务越低越好 | $321.0M | $335.3M |
| 股东权益账面价值 | $2.7B | $-755.0M |
| 总资产 | $4.5B | $757.2M |
| 负债/权益比越低杠杆越低 | 0.12× | — |
8季度趋势，按日历期对齐
现金及短期投资DRSLUNR
| Q4 25 | $647.0M | $582.6M | ||
| Q3 25 | $309.0M | $622.0M | ||
| Q2 25 | $278.0M | $344.9M | ||
| Q1 25 | $380.0M | $373.3M | ||
| Q4 24 | $598.0M | $207.6M | ||
| Q3 24 | $198.0M | $89.6M | ||
| Q2 24 | $149.0M | $31.6M | ||
| Q1 24 | $160.0M | $55.2M |
总债务DRSLUNR
| Q4 25 | $321.0M | $335.3M | ||
| Q3 25 | $326.0M | $334.8M | ||
| Q2 25 | $331.0M | — | ||
| Q1 25 | $335.0M | — | ||
| Q4 24 | $340.0M | $0 | ||
| Q3 24 | $345.0M | — | ||
| Q2 24 | $351.0M | — | ||
| Q1 24 | $356.0M | — |
股东权益DRSLUNR
| Q4 25 | $2.7B | $-755.0M | ||
| Q3 25 | $2.6B | $-404.2M | ||
| Q2 25 | $2.6B | $-381.2M | ||
| Q1 25 | $2.6B | $-136.9M | ||
| Q4 24 | $2.6B | $-1.0B | ||
| Q3 24 | $2.5B | $-496.8M | ||
| Q2 24 | $2.4B | $-235.0M | ||
| Q1 24 | $2.4B | $-493.6M |
总资产DRSLUNR
| Q4 25 | $4.5B | $757.2M | ||
| Q3 25 | $4.2B | $753.5M | ||
| Q2 25 | $4.1B | $475.6M | ||
| Q1 25 | $4.1B | $500.0M | ||
| Q4 24 | $4.2B | $355.4M | ||
| Q3 24 | $3.9B | $224.8M | ||
| Q2 24 | $3.8B | $140.1M | ||
| Q1 24 | $3.8B | $170.8M |
负债/权益比DRSLUNR
| Q4 25 | 0.12× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.15× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $425.0M | $-7.3M |
| 自由现金流经营现金流 - 资本支出 | $376.0M | $-22.9M |
| 自由现金流率自由现金流/营收 | 35.5% | -53.0% |
| 资本支出强度资本支出/营收 | 4.6% | 36.1% |
| 现金转化率经营现金流/净利润 | 4.17× | — |
| 过去12个月自由现金流最近4个季度 | $227.0M | $-56.0M |
8季度趋势，按日历期对齐
经营现金流DRSLUNR
| Q4 25 | $425.0M | $-7.3M | ||
| Q3 25 | $107.0M | $-7.2M | ||
| Q2 25 | $-28.0M | $-19.3M | ||
| Q1 25 | $-138.0M | $19.4M | ||
| Q4 24 | $443.0M | $-2.0M | ||
| Q3 24 | $59.0M | $-17.9M | ||
| Q2 24 | $34.0M | $-31.3M | ||
| Q1 24 | $-265.0M | $-6.4M |
自由现金流DRSLUNR
| Q4 25 | $376.0M | $-22.9M | ||
| Q3 25 | $77.0M | $-19.0M | ||
| Q2 25 | $-56.0M | $-27.3M | ||
| Q1 25 | $-170.0M | $13.3M | ||
| Q4 24 | $414.0M | $-6.9M | ||
| Q3 24 | $47.0M | $-19.3M | ||
| Q2 24 | $0 | $-33.5M | ||
| Q1 24 | $-275.0M | $-8.0M |
自由现金流率DRSLUNR
| Q4 25 | 35.5% | -53.0% | ||
| Q3 25 | 8.0% | -37.2% | ||
| Q2 25 | -6.8% | -54.3% | ||
| Q1 25 | -21.3% | 21.3% | ||
| Q4 24 | 42.2% | -12.6% | ||
| Q3 24 | 5.8% | -33.0% | ||
| Q2 24 | 0.0% | -80.4% | ||
| Q1 24 | -40.0% | -11.0% |
资本支出强度DRSLUNR
| Q4 25 | 4.6% | 36.1% | ||
| Q3 25 | 3.1% | 23.2% | ||
| Q2 25 | 3.4% | 16.0% | ||
| Q1 25 | 4.0% | 9.8% | ||
| Q4 24 | 3.0% | 9.0% | ||
| Q3 24 | 1.5% | 2.4% | ||
| Q2 24 | 4.5% | 5.3% | ||
| Q1 24 | 1.5% | 2.2% |
现金转化率DRSLUNR
| Q4 25 | 4.17× | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | -0.52× | — | ||
| Q1 25 | -2.76× | — | ||
| Q4 24 | 4.98× | — | ||
| Q3 24 | 1.04× | — | ||
| Q2 24 | 0.89× | -1.67× | ||
| Q1 24 | -9.14× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
