vs
Intuitive Machines, Inc.（LUNR）与3M（MMM）财务数据对比。点击上方公司名可切换其他公司
3M的季度营收约是Intuitive Machines, Inc.的139.2倍（$6.0B vs $43.3M）。3M净利率更高（10.8% vs -92.1%，领先102.9%）。3M同比增速更快（1.3% vs -20.8%）。3M自由现金流更多（$2.0B vs $-22.9M）。过去两年3M的营收复合增速更高（-1.8% vs -23.1%）
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。
3M是美国知名跨国综合企业，业务覆盖工业、劳动者安全防护、消费品等多个领域，总部位于圣保罗郊区的枫木市。公司现有超6万款产品，涵盖胶粘剂、研磨材料、防火防护产品、个人防护装备、窗膜、车漆保护膜、电子连接绝缘材料、汽车养护产品、光学膜等品类。
LUNR vs MMM — 直观对比
营收规模更大
MMM
是对方的139.2倍
$43.3M
营收增速更快
MMM
高出22.1%
-20.8%
净利率更高
MMM
高出102.9%
-92.1%
自由现金流更多
MMM
多$2.0B
$-22.9M
两年增速更快
MMM
近两年复合增速
-23.1%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $43.3M | $6.0B |
| 净利润 | $-39.9M | $653.0M |
| 毛利率 | — | 40.7% |
| 营业利润率 | -76.4% | 23.2% |
| 净利率 | -92.1% | 10.8% |
| 营收同比 | -20.8% | 1.3% |
| 净利润同比 | 73.3% | -41.5% |
| 每股收益（稀释后） | $-0.34 | $1.23 |
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LUNRMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $43.3M | $6.1B | ||
| Q3 25 | $51.0M | $6.5B | ||
| Q2 25 | $50.3M | $6.3B | ||
| Q1 25 | $62.5M | $6.0B | ||
| Q4 24 | $54.7M | $6.0B | ||
| Q3 24 | $58.5M | $6.3B | ||
| Q2 24 | $41.6M | $6.3B |
净利润LUNRMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $-39.9M | $577.0M | ||
| Q3 25 | $-6.8M | $834.0M | ||
| Q2 25 | $-25.2M | $723.0M | ||
| Q1 25 | $-11.4M | $1.1B | ||
| Q4 24 | $-149.2M | $728.0M | ||
| Q3 24 | $-55.4M | $1.4B | ||
| Q2 24 | $18.7M | $1.1B |
毛利率LUNRMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | — | 41.8% | ||
| Q2 25 | — | 42.5% | ||
| Q1 25 | — | 41.6% | ||
| Q4 24 | — | 51.7% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 42.9% |
营业利润率LUNRMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | -76.4% | 13.0% | ||
| Q3 25 | -30.2% | 22.2% | ||
| Q2 25 | -56.9% | 18.0% | ||
| Q1 25 | -16.1% | 20.9% | ||
| Q4 24 | -24.5% | 12.2% | ||
| Q3 24 | -23.5% | 20.9% | ||
| Q2 24 | -66.0% | 20.3% |
净利率LUNRMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | -92.1% | 9.4% | ||
| Q3 25 | -13.4% | 12.8% | ||
| Q2 25 | -50.0% | 11.4% | ||
| Q1 25 | -18.2% | 18.7% | ||
| Q4 24 | -272.9% | 12.1% | ||
| Q3 24 | -94.7% | 21.8% | ||
| Q2 24 | 44.8% | 18.3% |
每股收益（稀释后）LUNRMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $-0.34 | $1.07 | ||
| Q3 25 | $-0.06 | $1.55 | ||
| Q2 25 | $-0.22 | $1.34 | ||
| Q1 25 | $-0.11 | $2.04 | ||
| Q4 24 | $-1.42 | $1.33 | ||
| Q3 24 | $-0.83 | $2.48 | ||
| Q2 24 | $0.30 | $2.07 |
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 | $582.6M | $3.7B |
| 总债务越低越好 | $335.3M | $10.9B |
| 股东权益账面价值 | $-755.0M | $3.3B |
| 总资产 | $757.2M | $35.4B |
| 负债/权益比越低杠杆越低 | — | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资LUNRMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $582.6M | — | ||
| Q3 25 | $622.0M | — | ||
| Q2 25 | $344.9M | — | ||
| Q1 25 | $373.3M | — | ||
| Q4 24 | $207.6M | — | ||
| Q3 24 | $89.6M | — | ||
| Q2 24 | $31.6M | — |
总债务LUNRMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $335.3M | $12.6B | ||
| Q3 25 | $334.8M | $12.6B | ||
| Q2 25 | — | $13.1B | ||
| Q1 25 | — | $13.5B | ||
| Q4 24 | $0 | $13.0B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | $13.1B |
股东权益LUNRMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $-755.0M | $4.7B | ||
| Q3 25 | $-404.2M | $4.6B | ||
| Q2 25 | $-381.2M | $4.3B | ||
| Q1 25 | $-136.9M | $4.5B | ||
| Q4 24 | $-1.0B | $3.8B | ||
| Q3 24 | $-496.8M | $4.6B | ||
| Q2 24 | $-235.0M | $3.9B |
总资产LUNRMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $757.2M | $37.7B | ||
| Q3 25 | $753.5M | $37.6B | ||
| Q2 25 | $475.6M | $38.0B | ||
| Q1 25 | $500.0M | $40.0B | ||
| Q4 24 | $355.4M | $39.9B | ||
| Q3 24 | $224.8M | $40.9B | ||
| Q2 24 | $140.1M | $43.4B |
负债/权益比LUNRMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | — | 2.68× | ||
| Q3 25 | — | 2.72× | ||
| Q2 25 | — | 3.06× | ||
| Q1 25 | — | 3.02× | ||
| Q4 24 | — | 3.40× | ||
| Q3 24 | — | 2.84× | ||
| Q2 24 | — | 3.34× |
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 | $-7.3M | — |
| 自由现金流经营现金流 - 资本支出 | $-22.9M | $2.0B |
| 自由现金流率自由现金流/营收 | -53.0% | 33.6% |
| 资本支出强度资本支出/营收 | 36.1% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-56.0M | $3.7B |
8季度趋势，按日历期对齐
经营现金流LUNRMMM
| Q1 26 | — | — | ||
| Q4 25 | $-7.3M | $1.6B | ||
| Q3 25 | $-7.2M | $1.8B | ||
| Q2 25 | $-19.3M | $-954.0M | ||
| Q1 25 | $19.4M | $-79.0M | ||
| Q4 24 | $-2.0M | $1.8B | ||
| Q3 24 | $-17.9M | $-1.8B | ||
| Q2 24 | $-31.3M | $1.0B |
自由现金流LUNRMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $-22.9M | $1.3B | ||
| Q3 25 | $-19.0M | $1.5B | ||
| Q2 25 | $-27.3M | $-1.2B | ||
| Q1 25 | $13.3M | $-315.0M | ||
| Q4 24 | $-6.9M | $1.5B | ||
| Q3 24 | $-19.3M | $-2.0B | ||
| Q2 24 | $-33.5M | $752.0M |
自由现金流率LUNRMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | -53.0% | 21.8% | ||
| Q3 25 | -37.2% | 23.6% | ||
| Q2 25 | -54.3% | -18.3% | ||
| Q1 25 | 21.3% | -5.3% | ||
| Q4 24 | -12.6% | 25.4% | ||
| Q3 24 | -33.0% | -32.3% | ||
| Q2 24 | -80.4% | 12.0% |
资本支出强度LUNRMMM
| Q1 26 | — | — | ||
| Q4 25 | 36.1% | 4.0% | ||
| Q3 25 | 23.2% | 3.3% | ||
| Q2 25 | 16.0% | 3.3% | ||
| Q1 25 | 9.8% | 4.0% | ||
| Q4 24 | 9.0% | 4.8% | ||
| Q3 24 | 2.4% | 3.9% | ||
| Q2 24 | 5.3% | 4.3% |
现金转化率LUNRMMM
| Q1 26 | — | — | ||
| Q4 25 | — | 2.74× | ||
| Q3 25 | — | 2.11× | ||
| Q2 25 | — | -1.32× | ||
| Q1 25 | — | -0.07× | ||
| Q4 24 | — | 2.50× | ||
| Q3 24 | — | -1.30× | ||
| Q2 24 | -1.67× | 0.89× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LUNR
暂无分部数据
MMM
| Safety and Industrial business segment | $2.9B | 49% |
| Transportation and Electronics business segment | $1.8B | 31% |
| Consumer business segment | $1.1B | 19% |
| Corporate | $121.0M | 2% |
