vs
Intuitive Machines, Inc.（LUNR）与RE/MAX Holdings, Inc.（RMAX）财务数据对比。点击上方公司名可切换其他公司
RE/MAX Holdings, Inc.的季度营收约是Intuitive Machines, Inc.的1.6倍（$71.1M vs $43.3M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -92.1%，领先94.1%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -20.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $-22.9M），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% 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。
RE/MAX是全球知名的房地产特许经营机构，业务遍布全球一百多个国家和地区，旗下拥有数千家门店，总计超过十万名房产经纪人，在国际房产中介领域拥有极高的品牌知名度与市场影响力。
LUNR vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.6倍
$43.3M
营收增速更快
RMAX
高出18.9%
-20.8%
净利率更高
RMAX
高出94.1%
-92.1%
自由现金流更多
RMAX
多$56.4M
$-22.9M
两年增速更快
RMAX
近两年复合增速
-23.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.3M | $71.1M |
| 净利润 | $-39.9M | $1.4M |
| 毛利率 | — | — |
| 营业利润率 | -76.4% | 13.1% |
| 净利率 | -92.1% | 2.0% |
| 营收同比 | -20.8% | -1.8% |
| 净利润同比 | 73.3% | -75.2% |
| 每股收益（稀释后） | $-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LUNRRMAX
| Q4 25 | $43.3M | $71.1M | ||
| Q3 25 | $51.0M | $73.2M | ||
| Q2 25 | $50.3M | $72.8M | ||
| Q1 25 | $62.5M | $74.5M | ||
| Q4 24 | $54.7M | $72.5M | ||
| Q3 24 | $58.5M | $78.5M | ||
| Q2 24 | $41.6M | $78.5M | ||
| Q1 24 | $73.2M | $78.3M |
净利润LUNRRMAX
| Q4 25 | $-39.9M | $1.4M | ||
| Q3 25 | $-6.8M | $4.0M | ||
| Q2 25 | $-25.2M | $4.7M | ||
| Q1 25 | $-11.4M | $-2.0M | ||
| Q4 24 | $-149.2M | $5.8M | ||
| Q3 24 | $-55.4M | $966.0K | ||
| Q2 24 | $18.7M | $3.7M | ||
| Q1 24 | $-97.5M | $-3.4M |
营业利润率LUNRRMAX
| Q4 25 | -76.4% | 13.1% | ||
| Q3 25 | -30.2% | 25.0% | ||
| Q2 25 | -56.9% | 19.3% | ||
| Q1 25 | -16.1% | 7.2% | ||
| Q4 24 | -24.5% | 5.9% | ||
| Q3 24 | -23.5% | 19.4% | ||
| Q2 24 | -66.0% | 20.6% | ||
| Q1 24 | -3.8% | 5.8% |
净利率LUNRRMAX
| Q4 25 | -92.1% | 2.0% | ||
| Q3 25 | -13.4% | 5.4% | ||
| Q2 25 | -50.0% | 6.4% | ||
| Q1 25 | -18.2% | -2.6% | ||
| Q4 24 | -272.9% | 8.0% | ||
| Q3 24 | -94.7% | 1.2% | ||
| Q2 24 | 44.8% | 4.7% | ||
| Q1 24 | -133.1% | -4.3% |
每股收益（稀释后）LUNRRMAX
| Q4 25 | $-0.34 | — | ||
| Q3 25 | $-0.06 | — | ||
| Q2 25 | $-0.22 | — | ||
| Q1 25 | $-0.11 | — | ||
| Q4 24 | $-1.42 | — | ||
| Q3 24 | $-0.83 | — | ||
| Q2 24 | $0.30 | — | ||
| Q1 24 | $-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 | $582.6M | $118.7M |
| 总债务越低越好 | $335.3M | $432.2M |
| 股东权益账面价值 | $-755.0M | $452.4M |
| 总资产 | $757.2M | $582.5M |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资LUNRRMAX
| Q4 25 | $582.6M | $118.7M | ||
| Q3 25 | $622.0M | $107.5M | ||
| Q2 25 | $344.9M | $94.3M | ||
| Q1 25 | $373.3M | $89.1M | ||
| Q4 24 | $207.6M | $96.6M | ||
| Q3 24 | $89.6M | $83.8M | ||
| Q2 24 | $31.6M | $66.1M | ||
| Q1 24 | $55.2M | $82.1M |
总债务LUNRRMAX
| Q4 25 | $335.3M | $432.2M | ||
| Q3 25 | $334.8M | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | $0 | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益LUNRRMAX
| Q4 25 | $-755.0M | $452.4M | ||
| Q3 25 | $-404.2M | $448.1M | ||
| Q2 25 | $-381.2M | $442.4M | ||
| Q1 25 | $-136.9M | $433.5M | ||
| Q4 24 | $-1.0B | $429.5M | ||
| Q3 24 | $-496.8M | $423.1M | ||
| Q2 24 | $-235.0M | $418.4M | ||
| Q1 24 | $-493.6M | $412.0M |
总资产LUNRRMAX
| Q4 25 | $757.2M | $582.5M | ||
| Q3 25 | $753.5M | $582.2M | ||
| Q2 25 | $475.6M | $574.8M | ||
| Q1 25 | $500.0M | $571.4M | ||
| Q4 24 | $355.4M | $581.6M | ||
| Q3 24 | $224.8M | $578.6M | ||
| Q2 24 | $140.1M | $571.4M | ||
| Q1 24 | $170.8M | $566.7M |
负债/权益比LUNRRMAX
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $-22.9M | $33.5M |
| 自由现金流率自由现金流/营收 | -53.0% | 47.1% |
| 资本支出强度资本支出/营收 | 36.1% | 10.4% |
| 现金转化率经营现金流/净利润 | — | 28.39× |
| 过去12个月自由现金流最近4个季度 | $-56.0M | $56.8M |
8季度趋势，按日历期对齐
经营现金流LUNRRMAX
| Q4 25 | $-7.3M | $40.9M | ||
| Q3 25 | $-7.2M | $17.7M | ||
| Q2 25 | $-19.3M | $4.6M | ||
| Q1 25 | $19.4M | $5.7M | ||
| Q4 24 | $-2.0M | $59.7M | ||
| Q3 24 | $-17.9M | $17.6M | ||
| Q2 24 | $-31.3M | $15.9M | ||
| Q1 24 | $-6.4M | $9.4M |
自由现金流LUNRRMAX
| Q4 25 | $-22.9M | $33.5M | ||
| Q3 25 | $-19.0M | $16.4M | ||
| Q2 25 | $-27.3M | $2.9M | ||
| Q1 25 | $13.3M | $4.0M | ||
| Q4 24 | $-6.9M | $53.0M | ||
| Q3 24 | $-19.3M | $16.3M | ||
| Q2 24 | $-33.5M | $14.0M | ||
| Q1 24 | $-8.0M | $6.8M |
自由现金流率LUNRRMAX
| Q4 25 | -53.0% | 47.1% | ||
| Q3 25 | -37.2% | 22.4% | ||
| Q2 25 | -54.3% | 4.0% | ||
| Q1 25 | 21.3% | 5.3% | ||
| Q4 24 | -12.6% | 73.2% | ||
| Q3 24 | -33.0% | 20.8% | ||
| Q2 24 | -80.4% | 17.8% | ||
| Q1 24 | -11.0% | 8.6% |
资本支出强度LUNRRMAX
| Q4 25 | 36.1% | 10.4% | ||
| Q3 25 | 23.2% | 1.8% | ||
| Q2 25 | 16.0% | 2.2% | ||
| Q1 25 | 9.8% | 2.3% | ||
| Q4 24 | 9.0% | 9.1% | ||
| Q3 24 | 2.4% | 1.7% | ||
| Q2 24 | 5.3% | 2.4% | ||
| Q1 24 | 2.2% | 3.3% |
现金转化率LUNRRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | -1.67× | 4.29× | ||
| 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
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
