vs
Intuitive Machines, Inc.（LUNR）与REDWOOD TRUST INC（RWT）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REDWOOD TRUST INC的1.7倍（$43.3M vs $25.9M），REDWOOD TRUST INC净利率更高（77.2% vs -92.1%，领先169.3%），REDWOOD TRUST INC同比增速更快（-6.1% vs -20.8%），过去两年Intuitive Machines, Inc.的营收复合增速更高（-23.1% vs -41.0%）
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。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
LUNR vs RWT — 直观对比
营收规模更大
LUNR
是对方的1.7倍
$25.9M
营收增速更快
RWT
高出14.7%
-20.8%
净利率更高
RWT
高出169.3%
-92.1%
两年增速更快
LUNR
近两年复合增速
-41.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.3M | $25.9M |
| 净利润 | $-39.9M | $20.0M |
| 毛利率 | — | — |
| 营业利润率 | -76.4% | — |
| 净利率 | -92.1% | 77.2% |
| 营收同比 | -20.8% | -6.1% |
| 净利润同比 | 73.3% | 402.6% |
| 每股收益（稀释后） | $-0.34 | $0.11 |
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LUNRRWT
| Q4 25 | $43.3M | $25.9M | ||
| Q3 25 | $51.0M | $15.0M | ||
| Q2 25 | $50.3M | $13.8M | ||
| Q1 25 | $62.5M | $27.9M | ||
| Q4 24 | $54.7M | $27.6M | ||
| Q3 24 | $58.5M | $25.5M | ||
| Q2 24 | $41.6M | $67.4M | ||
| Q1 24 | $73.2M | $74.5M |
净利润LUNRRWT
| Q4 25 | $-39.9M | $20.0M | ||
| Q3 25 | $-6.8M | $-7.7M | ||
| Q2 25 | $-25.2M | $-98.5M | ||
| Q1 25 | $-11.4M | $16.1M | ||
| Q4 24 | $-149.2M | $-6.6M | ||
| Q3 24 | $-55.4M | $14.8M | ||
| Q2 24 | $18.7M | $15.5M | ||
| Q1 24 | $-97.5M | $30.3M |
营业利润率LUNRRWT
| Q4 25 | -76.4% | — | ||
| Q3 25 | -30.2% | -9.0% | ||
| Q2 25 | -56.9% | -679.0% | ||
| Q1 25 | -16.1% | 80.2% | ||
| Q4 24 | -24.5% | -1.3% | ||
| Q3 24 | -23.5% | 86.1% | ||
| Q2 24 | -66.0% | 30.3% | ||
| Q1 24 | -3.8% | 41.3% |
净利率LUNRRWT
| Q4 25 | -92.1% | 77.2% | ||
| Q3 25 | -13.4% | -51.4% | ||
| Q2 25 | -50.0% | -712.0% | ||
| Q1 25 | -18.2% | 57.8% | ||
| Q4 24 | -272.9% | -24.0% | ||
| Q3 24 | -94.7% | 58.1% | ||
| Q2 24 | 44.8% | 23.0% | ||
| Q1 24 | -133.1% | 40.6% |
每股收益（稀释后）LUNRRWT
| Q4 25 | $-0.34 | $0.11 | ||
| Q3 25 | $-0.06 | $-0.08 | ||
| Q2 25 | $-0.22 | $-0.76 | ||
| Q1 25 | $-0.11 | $0.10 | ||
| Q4 24 | $-1.42 | $-0.08 | ||
| Q3 24 | $-0.83 | $0.09 | ||
| Q2 24 | $0.30 | $0.10 | ||
| Q1 24 | $-2.68 | $0.21 |
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 | $255.7M |
| 总债务越低越好 | $335.3M | — |
| 股东权益账面价值 | $-755.0M | $982.6M |
| 总资产 | $757.2M | $23.7B |
| 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LUNRRWT
| Q4 25 | $582.6M | $255.7M | ||
| Q3 25 | $622.0M | $226.3M | ||
| Q2 25 | $344.9M | $302.0M | ||
| Q1 25 | $373.3M | $259.9M | ||
| Q4 24 | $207.6M | $245.2M | ||
| Q3 24 | $89.6M | $253.7M | ||
| Q2 24 | $31.6M | $275.6M | ||
| Q1 24 | $55.2M | $275.4M |
总债务LUNRRWT
| Q4 25 | $335.3M | — | ||
| Q3 25 | $334.8M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.7B |
股东权益LUNRRWT
| Q4 25 | $-755.0M | $982.6M | ||
| Q3 25 | $-404.2M | $999.0M | ||
| Q2 25 | $-381.2M | $1.1B | ||
| Q1 25 | $-136.9M | $1.2B | ||
| Q4 24 | $-1.0B | $1.2B | ||
| Q3 24 | $-496.8M | $1.2B | ||
| Q2 24 | $-235.0M | $1.2B | ||
| Q1 24 | $-493.6M | $1.2B |
总资产LUNRRWT
| Q4 25 | $757.2M | $23.7B | ||
| Q3 25 | $753.5M | $22.6B | ||
| Q2 25 | $475.6M | $21.3B | ||
| Q1 25 | $500.0M | $19.9B | ||
| Q4 24 | $355.4M | $18.3B | ||
| Q3 24 | $224.8M | $18.4B | ||
| Q2 24 | $140.1M | $16.5B | ||
| Q1 24 | $170.8M | $15.1B |
负债/权益比LUNRRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.39× |
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 | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | $-22.9M | — |
| 自由现金流率自由现金流/营收 | -53.0% | — |
| 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 | — | -504.15× |
| 过去12个月自由现金流最近4个季度 | $-56.0M | — |
8季度趋势，按日历期对齐
经营现金流LUNRRWT
| Q4 25 | $-7.3M | $-10.1B | ||
| Q3 25 | $-7.2M | $-2.7B | ||
| Q2 25 | $-19.3M | $-2.1B | ||
| Q1 25 | $19.4M | $-2.0B | ||
| Q4 24 | $-2.0M | $-5.9B | ||
| Q3 24 | $-17.9M | $-2.1B | ||
| Q2 24 | $-31.3M | $-2.0B | ||
| Q1 24 | $-6.4M | $-954.2M |
自由现金流LUNRRWT
| Q4 25 | $-22.9M | — | ||
| Q3 25 | $-19.0M | — | ||
| Q2 25 | $-27.3M | — | ||
| Q1 25 | $13.3M | — | ||
| Q4 24 | $-6.9M | — | ||
| Q3 24 | $-19.3M | — | ||
| Q2 24 | $-33.5M | — | ||
| Q1 24 | $-8.0M | — |
自由现金流率LUNRRWT
| Q4 25 | -53.0% | — | ||
| Q3 25 | -37.2% | — | ||
| Q2 25 | -54.3% | — | ||
| Q1 25 | 21.3% | — | ||
| Q4 24 | -12.6% | — | ||
| Q3 24 | -33.0% | — | ||
| Q2 24 | -80.4% | — | ||
| Q1 24 | -11.0% | — |
资本支出强度LUNRRWT
| Q4 25 | 36.1% | — | ||
| Q3 25 | 23.2% | — | ||
| Q2 25 | 16.0% | — | ||
| Q1 25 | 9.8% | — | ||
| Q4 24 | 9.0% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 5.3% | — | ||
| Q1 24 | 2.2% | — |
现金转化率LUNRRWT
| Q4 25 | — | -504.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -120.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -140.86× | ||
| Q2 24 | -1.67× | -126.56× | ||
| Q1 24 | — | -31.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
