vs
Intuitive Machines, Inc.（LUNR）与NEXTNAV INC.（NN）财务数据对比。点击上方公司名可切换其他公司
Intuitive Machines, Inc.的季度营收约是NEXTNAV INC.的45.8倍（$43.3M vs $945.0K）。Intuitive Machines, Inc.净利率更高（-92.1% vs -7191.7%，领先7099.7%）。Intuitive Machines, Inc.同比增速更快（-20.8% vs -50.5%）。NEXTNAV INC.自由现金流更多（$-16.1M vs $-22.9M）。过去两年NEXTNAV INC.的营收复合增速更高（-5.0% 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。
NextNav Inc.是一家专注于高精度3D地理定位解决方案的科技企业，其提供的垂直位置数据可应用于公共安全运营、物联网场景、移动网络管理及商业定位服务，服务覆盖北美及部分全球市场的企业与政府客户。
LUNR vs NN — 直观对比
营收规模更大
LUNR
是对方的45.8倍
$945.0K
营收增速更快
LUNR
高出29.8%
-50.5%
净利率更高
LUNR
高出7099.7%
-7191.7%
自由现金流更多
NN
多$6.8M
$-22.9M
两年增速更快
NN
近两年复合增速
-23.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $43.3M | $945.0K |
| 净利润 | $-39.9M | $-68.0M |
| 毛利率 | — | — |
| 营业利润率 | -76.4% | -1706.1% |
| 净利率 | -92.1% | -7191.7% |
| 营收同比 | -20.8% | -50.5% |
| 净利润同比 | 73.3% | -110.6% |
| 每股收益（稀释后） | $-0.34 | $-0.37 |
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LUNRNN
| Q4 25 | $43.3M | $945.0K | ||
| Q3 25 | $51.0M | $887.0K | ||
| Q2 25 | $50.3M | $1.2M | ||
| Q1 25 | $62.5M | $1.5M | ||
| Q4 24 | $54.7M | $1.9M | ||
| Q3 24 | $58.5M | $1.6M | ||
| Q2 24 | $41.6M | $1.1M | ||
| Q1 24 | $73.2M | $1.0M |
净利润LUNRNN
| Q4 25 | $-39.9M | $-68.0M | ||
| Q3 25 | $-6.8M | $483.0K | ||
| Q2 25 | $-25.2M | $-63.2M | ||
| Q1 25 | $-11.4M | $-58.6M | ||
| Q4 24 | $-149.2M | $-32.3M | ||
| Q3 24 | $-55.4M | $-13.6M | ||
| Q2 24 | $18.7M | $-24.4M | ||
| Q1 24 | $-97.5M | $-31.6M |
营业利润率LUNRNN
| Q4 25 | -76.4% | -1706.1% | ||
| Q3 25 | -30.2% | -2239.6% | ||
| Q2 25 | -56.9% | -1434.3% | ||
| Q1 25 | -16.1% | -1104.9% | ||
| Q4 24 | -24.5% | -772.6% | ||
| Q3 24 | -23.5% | -862.0% | ||
| Q2 24 | -66.0% | -1387.5% | ||
| Q1 24 | -3.8% | -1544.0% |
净利率LUNRNN
| Q4 25 | -92.1% | -7191.7% | ||
| Q3 25 | -13.4% | 54.5% | ||
| Q2 25 | -50.0% | -5257.5% | ||
| Q1 25 | -18.2% | -3806.3% | ||
| Q4 24 | -272.9% | -1688.6% | ||
| Q3 24 | -94.7% | -846.9% | ||
| Q2 24 | 44.8% | -2207.2% | ||
| Q1 24 | -133.1% | -3022.0% |
每股收益（稀释后）LUNRNN
| Q4 25 | $-0.34 | $-0.37 | ||
| Q3 25 | $-0.06 | $-0.12 | ||
| Q2 25 | $-0.22 | $-0.48 | ||
| Q1 25 | $-0.11 | $-0.45 | ||
| Q4 24 | $-1.42 | $-0.24 | ||
| Q3 24 | $-0.83 | $-0.11 | ||
| Q2 24 | $0.30 | $-0.21 | ||
| Q1 24 | $-2.68 | $-0.28 |
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 | $259.5M |
| 总债务越低越好 | $335.3M | — |
| 股东权益账面价值 | $-755.0M | $-86.2M |
| 总资产 | $757.2M | $247.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LUNRNN
| Q4 25 | $582.6M | $259.5M | ||
| Q3 25 | $622.0M | $167.6M | ||
| Q2 25 | $344.9M | $176.1M | ||
| Q1 25 | $373.3M | $188.4M | ||
| Q4 24 | $207.6M | $80.1M | ||
| Q3 24 | $89.6M | $86.8M | ||
| Q2 24 | $31.6M | $86.3M | ||
| Q1 24 | $55.2M | $79.2M |
总债务LUNRNN
| Q4 25 | $335.3M | — | ||
| Q3 25 | $334.8M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LUNRNN
| Q4 25 | $-755.0M | $-86.2M | ||
| Q3 25 | $-404.2M | $-22.1M | ||
| Q2 25 | $-381.2M | $-47.2M | ||
| Q1 25 | $-136.9M | $6.6M | ||
| Q4 24 | $-1.0B | $50.1M | ||
| Q3 24 | $-496.8M | $65.6M | ||
| Q2 24 | $-235.0M | $63.8M | ||
| Q1 24 | $-493.6M | $55.9M |
总资产LUNRNN
| Q4 25 | $757.2M | $247.0M | ||
| Q3 25 | $753.5M | $263.1M | ||
| Q2 25 | $475.6M | $256.7M | ||
| Q1 25 | $500.0M | $268.6M | ||
| Q4 24 | $355.4M | $161.7M | ||
| Q3 24 | $224.8M | $171.7M | ||
| Q2 24 | $140.1M | $172.3M | ||
| Q1 24 | $170.8M | $165.6M |
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 | $-16.1M |
| 自由现金流经营现金流 - 资本支出 | $-22.9M | $-16.1M |
| 自由现金流率自由现金流/营收 | -53.0% | -1702.9% |
| 资本支出强度资本支出/营收 | 36.1% | 1.6% |
| 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 | $-50.8M |
8季度趋势，按日历期对齐
经营现金流LUNRNN
| Q4 25 | $-7.3M | $-16.1M | ||
| Q3 25 | $-7.2M | $-9.0M | ||
| Q2 25 | $-19.3M | $-13.5M | ||
| Q1 25 | $19.4M | $-12.2M | ||
| Q4 24 | $-2.0M | $-11.9M | ||
| Q3 24 | $-17.9M | $-6.8M | ||
| Q2 24 | $-31.3M | $-12.3M | ||
| Q1 24 | $-6.4M | $-7.0M |
自由现金流LUNRNN
| Q4 25 | $-22.9M | $-16.1M | ||
| Q3 25 | $-19.0M | $-9.0M | ||
| Q2 25 | $-27.3M | $-13.6M | ||
| Q1 25 | $13.3M | $-12.2M | ||
| Q4 24 | $-6.9M | $-12.1M | ||
| Q3 24 | $-19.3M | $-6.8M | ||
| Q2 24 | $-33.5M | $-12.4M | ||
| Q1 24 | $-8.0M | $-7.0M |
自由现金流率LUNRNN
| Q4 25 | -53.0% | -1702.9% | ||
| Q3 25 | -37.2% | -1011.6% | ||
| Q2 25 | -54.3% | -1127.4% | ||
| Q1 25 | 21.3% | -793.3% | ||
| Q4 24 | -12.6% | -634.0% | ||
| Q3 24 | -33.0% | -422.0% | ||
| Q2 24 | -80.4% | -1126.1% | ||
| Q1 24 | -11.0% | -670.8% |
资本支出强度LUNRNN
| Q4 25 | 36.1% | 1.6% | ||
| Q3 25 | 23.2% | 0.9% | ||
| Q2 25 | 16.0% | 2.2% | ||
| Q1 25 | 9.8% | 1.9% | ||
| Q4 24 | 9.0% | 8.8% | ||
| Q3 24 | 2.4% | 0.1% | ||
| Q2 24 | 5.3% | 13.5% | ||
| Q1 24 | 2.2% | 3.1% |
现金转化率LUNRNN
| Q4 25 | — | — | ||
| Q3 25 | — | -18.56× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -1.67× | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
