vs
Intuitive Machines, Inc.（LUNR）与Rocket Lab Corp（RKLB）财务数据对比。点击上方公司名可切换其他公司
Rocket Lab Corp的季度营收约是Intuitive Machines, Inc.的4.1倍（$179.7M vs $43.3M），Rocket Lab Corp净利率更高（-29.5% vs -92.1%，领先62.6%），Rocket Lab Corp同比增速更快（35.7% vs -20.8%），Intuitive Machines, Inc.自由现金流更多（$-22.9M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% 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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
LUNR vs RKLB — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.3M | $179.7M |
| 净利润 | $-39.9M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | -76.4% | -28.4% |
| 净利率 | -92.1% | -29.5% |
| 营收同比 | -20.8% | 35.7% |
| 净利润同比 | 73.3% | -1.1% |
| 每股收益（稀释后） | $-0.34 | $-0.09 |
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
| Q4 25 | $43.3M | $179.7M | ||
| Q3 25 | $51.0M | $155.1M | ||
| Q2 25 | $50.3M | $144.5M | ||
| Q1 25 | $62.5M | $122.6M | ||
| Q4 24 | $54.7M | $132.4M | ||
| Q3 24 | $58.5M | $104.8M | ||
| Q2 24 | $41.6M | $106.3M | ||
| Q1 24 | $73.2M | $92.8M |
| Q4 25 | $-39.9M | $-52.9M | ||
| Q3 25 | $-6.8M | $-18.3M | ||
| Q2 25 | $-25.2M | $-66.4M | ||
| Q1 25 | $-11.4M | $-60.6M | ||
| Q4 24 | $-149.2M | $-52.3M | ||
| Q3 24 | $-55.4M | $-51.9M | ||
| Q2 24 | $18.7M | $-41.6M | ||
| Q1 24 | $-97.5M | $-44.3M |
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.1% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 25.6% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | -76.4% | -28.4% | ||
| Q3 25 | -30.2% | -38.0% | ||
| Q2 25 | -56.9% | -41.3% | ||
| Q1 25 | -16.1% | -48.3% | ||
| Q4 24 | -24.5% | -38.9% | ||
| Q3 24 | -23.5% | -49.5% | ||
| Q2 24 | -66.0% | -40.7% | ||
| Q1 24 | -3.8% | -46.4% |
| Q4 25 | -92.1% | -29.5% | ||
| Q3 25 | -13.4% | -11.8% | ||
| Q2 25 | -50.0% | -46.0% | ||
| Q1 25 | -18.2% | -49.5% | ||
| Q4 24 | -272.9% | -39.5% | ||
| Q3 24 | -94.7% | -49.6% | ||
| Q2 24 | 44.8% | -39.2% | ||
| Q1 24 | -133.1% | -47.7% |
| Q4 25 | $-0.34 | $-0.09 | ||
| Q3 25 | $-0.06 | $-0.03 | ||
| Q2 25 | $-0.22 | $-0.13 | ||
| Q1 25 | $-0.11 | $-0.12 | ||
| Q4 24 | $-1.42 | $-0.11 | ||
| Q3 24 | $-0.83 | $-0.10 | ||
| Q2 24 | $0.30 | $-0.08 | ||
| Q1 24 | $-2.68 | $-0.09 |
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 | $1.0B |
| 总债务越低越好 | $335.3M | $152.4M |
| 股东权益账面价值 | $-755.0M | $1.7B |
| 总资产 | $757.2M | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
| Q4 25 | $582.6M | $1.0B | ||
| Q3 25 | $622.0M | $976.7M | ||
| Q2 25 | $344.9M | $688.1M | ||
| Q1 25 | $373.3M | $428.4M | ||
| Q4 24 | $207.6M | $419.0M | ||
| Q3 24 | $89.6M | $442.4M | ||
| Q2 24 | $31.6M | $496.8M | ||
| Q1 24 | $55.2M | $492.5M |
| Q4 25 | $335.3M | $152.4M | ||
| Q3 25 | $334.8M | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | $0 | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M | ||
| Q1 24 | — | $66.8M |
| Q4 25 | $-755.0M | $1.7B | ||
| Q3 25 | $-404.2M | $1.3B | ||
| Q2 25 | $-381.2M | $688.5M | ||
| Q1 25 | $-136.9M | $431.3M | ||
| Q4 24 | $-1.0B | $382.5M | ||
| Q3 24 | $-496.8M | $419.8M | ||
| Q2 24 | $-235.0M | $455.2M | ||
| Q1 24 | $-493.6M | $478.9M |
| Q4 25 | $757.2M | $2.3B | ||
| Q3 25 | $753.5M | $2.2B | ||
| Q2 25 | $475.6M | $1.6B | ||
| Q1 25 | $500.0M | $1.3B | ||
| Q4 24 | $355.4M | $1.2B | ||
| Q3 24 | $224.8M | $1.2B | ||
| Q2 24 | $140.1M | $1.2B | ||
| Q1 24 | $170.8M | $1.2B |
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.14× |
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 | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-22.9M | $-114.2M |
| 自由现金流率自由现金流/营收 | -53.0% | -63.6% |
| 资本支出强度资本支出/营收 | 36.1% | 27.6% |
| 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 | $-321.8M |
8季度趋势，按日历期对齐
| Q4 25 | $-7.3M | $-64.5M | ||
| Q3 25 | $-7.2M | $-23.5M | ||
| Q2 25 | $-19.3M | $-23.2M | ||
| Q1 25 | $19.4M | $-54.2M | ||
| Q4 24 | $-2.0M | $-2.4M | ||
| Q3 24 | $-17.9M | $-30.9M | ||
| Q2 24 | $-31.3M | $-13.0M | ||
| Q1 24 | $-6.4M | $-2.6M |
| Q4 25 | $-22.9M | $-114.2M | ||
| Q3 25 | $-19.0M | $-69.4M | ||
| Q2 25 | $-27.3M | $-55.3M | ||
| Q1 25 | $13.3M | $-82.9M | ||
| Q4 24 | $-6.9M | $-23.9M | ||
| Q3 24 | $-19.3M | $-41.9M | ||
| Q2 24 | $-33.5M | $-28.3M | ||
| Q1 24 | $-8.0M | $-21.8M |
| Q4 25 | -53.0% | -63.6% | ||
| Q3 25 | -37.2% | -44.8% | ||
| Q2 25 | -54.3% | -38.3% | ||
| Q1 25 | 21.3% | -67.6% | ||
| Q4 24 | -12.6% | -18.1% | ||
| Q3 24 | -33.0% | -40.0% | ||
| Q2 24 | -80.4% | -26.7% | ||
| Q1 24 | -11.0% | -23.5% |
| Q4 25 | 36.1% | 27.6% | ||
| Q3 25 | 23.2% | 29.6% | ||
| Q2 25 | 16.0% | 22.2% | ||
| Q1 25 | 9.8% | 23.4% | ||
| Q4 24 | 9.0% | 16.3% | ||
| Q3 24 | 2.4% | 10.5% | ||
| Q2 24 | 5.3% | 14.4% | ||
| Q1 24 | 2.2% | 20.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| 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
业务分部营收拆解
LUNR
暂无分部数据
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
