Firefly Aerospace vs Intuitive Machines
Intuitive Machines is the larger business, with $210m of revenue in fiscal 2025 against $160m for Firefly Aerospace (1.3 times as much). Firefly Aerospace grew faster (163.0% against -7.9%). Intuitive Machines kept more of each dollar of sales as profit: a net margin of -39.7% against -186.6%.
| Latest fiscal year | Firefly AerospaceFLY, 2025 | Intuitive MachinesLUNR, 2025 |
|---|---|---|
| Revenue | $160m | $210m |
| Revenue growth | 163.0% | -7.9% |
| Net income | −$298m | −$83.3m |
| Operating margin | -163.1% | -41.5% |
| Net margin | -186.6% | -39.7% |
| Return on equity | -141.3% | — |
| Free cash flow | −$238m | −$56.0m |
| Cash | $793m | $583m |
| Total debt | $289m | $335m |
| Debt to equity | 24.3% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $20.7m |
| Employees | 1,409 | 525 |
| Market value | $2.86bn | $1.70bn |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 4 sales | 2 buys, 74 sales |