vs
Intuitive Machines, Inc.（LUNR）与PUMA BIOTECHNOLOGY, INC.（PBYI）财务数据对比。点击上方公司名可切换其他公司
PUMA BIOTECHNOLOGY, INC.的季度营收约是Intuitive Machines, Inc.的1.7倍（$75.5M vs $43.3M），PUMA BIOTECHNOLOGY, INC.同比增速更快（27.7% vs -20.8%），PUMA BIOTECHNOLOGY, INC.自由现金流更多（$14.4M vs $-22.9M），过去两年PUMA BIOTECHNOLOGY, INC.的营收复合增速更高（31.3% 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。
彪马生物技术是一家公开上市的生物制药企业，总部位于美国加利福尼亚州洛杉矶，专注于创新药物研发相关业务，在生物制药领域开展研发与商业化运营。
LUNR vs PBYI — 直观对比
营收规模更大
PBYI
是对方的1.7倍
$43.3M
营收增速更快
PBYI
高出48.5%
-20.8%
自由现金流更多
PBYI
多$37.3M
$-22.9M
两年增速更快
PBYI
近两年复合增速
-23.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.3M | $75.5M |
| 净利润 | $-39.9M | — |
| 毛利率 | — | 69.3% |
| 营业利润率 | -76.4% | 22.7% |
| 净利率 | -92.1% | — |
| 营收同比 | -20.8% | 27.7% |
| 净利润同比 | 73.3% | — |
| 每股收益（稀释后） | $-0.34 | $0.26 |
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LUNRPBYI
| Q4 25 | $43.3M | $75.5M | ||
| Q3 25 | $51.0M | $54.5M | ||
| Q2 25 | $50.3M | $52.4M | ||
| Q1 25 | $62.5M | $46.0M | ||
| Q4 24 | $54.7M | $59.1M | ||
| Q3 24 | $58.5M | $80.5M | ||
| Q2 24 | $41.6M | $47.1M | ||
| Q1 24 | $73.2M | $43.8M |
净利润LUNRPBYI
| Q4 25 | $-39.9M | — | ||
| Q3 25 | $-6.8M | $8.8M | ||
| Q2 25 | $-25.2M | $5.9M | ||
| Q1 25 | $-11.4M | $3.0M | ||
| Q4 24 | $-149.2M | — | ||
| Q3 24 | $-55.4M | $20.3M | ||
| Q2 24 | $18.7M | $-4.5M | ||
| Q1 24 | $-97.5M | $-4.8M |
毛利率LUNRPBYI
| Q4 25 | — | 69.3% | ||
| Q3 25 | — | 77.7% | ||
| Q2 25 | — | 76.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 63.9% | ||
| Q2 24 | — | 77.4% | ||
| Q1 24 | — | 75.5% |
营业利润率LUNRPBYI
| Q4 25 | -76.4% | 22.7% | ||
| Q3 25 | -30.2% | 17.6% | ||
| Q2 25 | -56.9% | 12.7% | ||
| Q1 25 | -16.1% | 8.7% | ||
| Q4 24 | -24.5% | 22.6% | ||
| Q3 24 | -23.5% | 27.4% | ||
| Q2 24 | -66.0% | -4.6% | ||
| Q1 24 | -3.8% | -5.3% |
净利率LUNRPBYI
| Q4 25 | -92.1% | — | ||
| Q3 25 | -13.4% | 16.2% | ||
| Q2 25 | -50.0% | 11.2% | ||
| Q1 25 | -18.2% | 6.5% | ||
| Q4 24 | -272.9% | — | ||
| Q3 24 | -94.7% | 25.2% | ||
| Q2 24 | 44.8% | -9.6% | ||
| Q1 24 | -133.1% | -11.0% |
每股收益（稀释后）LUNRPBYI
| Q4 25 | $-0.34 | $0.26 | ||
| Q3 25 | $-0.06 | $0.17 | ||
| Q2 25 | $-0.22 | $0.12 | ||
| Q1 25 | $-0.11 | $0.06 | ||
| Q4 24 | $-1.42 | $0.40 | ||
| Q3 24 | $-0.83 | $0.41 | ||
| Q2 24 | $0.30 | $-0.09 | ||
| Q1 24 | $-2.68 | $-0.10 |
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 | $97.5M |
| 总债务越低越好 | $335.3M | $22.7M |
| 股东权益账面价值 | $-755.0M | $130.3M |
| 总资产 | $757.2M | $216.3M |
| 负债/权益比越低杠杆越低 | — | 0.17× |
8季度趋势，按日历期对齐
现金及短期投资LUNRPBYI
| Q4 25 | $582.6M | $97.5M | ||
| Q3 25 | $622.0M | $94.4M | ||
| Q2 25 | $344.9M | $96.0M | ||
| Q1 25 | $373.3M | $93.2M | ||
| Q4 24 | $207.6M | $101.0M | ||
| Q3 24 | $89.6M | $96.7M | ||
| Q2 24 | $31.6M | $96.8M | ||
| Q1 24 | $55.2M | $107.2M |
总债务LUNRPBYI
| Q4 25 | $335.3M | $22.7M | ||
| Q3 25 | $334.8M | $34.0M | ||
| Q2 25 | — | $45.3M | ||
| Q1 25 | — | $56.7M | ||
| Q4 24 | $0 | $68.0M | ||
| Q3 24 | — | $79.3M | ||
| Q2 24 | — | $90.7M | ||
| Q1 24 | — | $102.0M |
股东权益LUNRPBYI
| Q4 25 | $-755.0M | $130.3M | ||
| Q3 25 | $-404.2M | $115.3M | ||
| Q2 25 | $-381.2M | $104.7M | ||
| Q1 25 | $-136.9M | $97.1M | ||
| Q4 24 | $-1.0B | $92.1M | ||
| Q3 24 | $-496.8M | $71.1M | ||
| Q2 24 | $-235.0M | $48.5M | ||
| Q1 24 | $-493.6M | $51.0M |
总资产LUNRPBYI
| Q4 25 | $757.2M | $216.3M | ||
| Q3 25 | $753.5M | $202.9M | ||
| Q2 25 | $475.6M | $194.9M | ||
| Q1 25 | $500.0M | $196.2M | ||
| Q4 24 | $355.4M | $213.3M | ||
| Q3 24 | $224.8M | $220.7M | ||
| Q2 24 | $140.1M | $205.0M | ||
| Q1 24 | $170.8M | $214.1M |
负债/权益比LUNRPBYI
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.87× | ||
| Q1 24 | — | 2.00× |
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 | $14.4M |
| 自由现金流经营现金流 - 资本支出 | $-22.9M | $14.4M |
| 自由现金流率自由现金流/营收 | -53.0% | 19.1% |
| 资本支出强度资本支出/营收 | 36.1% | 0.0% |
| 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 | $41.7M |
8季度趋势，按日历期对齐
经营现金流LUNRPBYI
| Q4 25 | $-7.3M | $14.4M | ||
| Q3 25 | $-7.2M | $9.7M | ||
| Q2 25 | $-19.3M | $14.1M | ||
| Q1 25 | $19.4M | $3.6M | ||
| Q4 24 | $-2.0M | $15.6M | ||
| Q3 24 | $-17.9M | $11.0M | ||
| Q2 24 | $-31.3M | $1.0M | ||
| Q1 24 | $-6.4M | $11.2M |
自由现金流LUNRPBYI
| Q4 25 | $-22.9M | $14.4M | ||
| Q3 25 | $-19.0M | $9.7M | ||
| Q2 25 | $-27.3M | $14.1M | ||
| Q1 25 | $13.3M | $3.6M | ||
| Q4 24 | $-6.9M | $15.6M | ||
| Q3 24 | $-19.3M | $11.0M | ||
| Q2 24 | $-33.5M | $1.0M | ||
| Q1 24 | $-8.0M | — |
自由现金流率LUNRPBYI
| Q4 25 | -53.0% | 19.1% | ||
| Q3 25 | -37.2% | 17.7% | ||
| Q2 25 | -54.3% | 26.8% | ||
| Q1 25 | 21.3% | 7.7% | ||
| Q4 24 | -12.6% | 26.4% | ||
| Q3 24 | -33.0% | 13.7% | ||
| Q2 24 | -80.4% | 2.1% | ||
| Q1 24 | -11.0% | — |
资本支出强度LUNRPBYI
| Q4 25 | 36.1% | 0.0% | ||
| Q3 25 | 23.2% | 0.0% | ||
| Q2 25 | 16.0% | 0.0% | ||
| Q1 25 | 9.8% | 0.1% | ||
| Q4 24 | 9.0% | 0.0% | ||
| Q3 24 | 2.4% | 0.0% | ||
| Q2 24 | 5.3% | 0.0% | ||
| Q1 24 | 2.2% | 0.0% |
现金转化率LUNRPBYI
| Q4 25 | — | — | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 2.41× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.54× | ||
| 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
