Intuitive Machines vs Redwire
Redwire is the larger business, with $335m of revenue in fiscal 2025 against $210m for Intuitive Machines (1.6 times as much). Redwire grew faster (10.3% against -7.9%). Intuitive Machines kept more of each dollar of sales as profit: a net margin of -39.7% against -67.6%.
| Latest fiscal year | Intuitive MachinesLUNR, 2025 | RedwireRDW, 2025 |
|---|---|---|
| Revenue | $210m | $335m |
| Revenue growth | -7.9% | 10.3% |
| Net income | −$83.3m | −$227m |
| Operating margin | -41.5% | -68.5% |
| Net margin | -39.7% | -67.6% |
| Return on equity | — | -52.0% |
| Free cash flow | −$56.0m | −$191m |
| Cash | $583m | $94.5m |
| Total debt | $335m | $88.4m |
| Debt to equity | — | 8.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $20.7m | — |
| Employees | 525 | 1,410 |
| Market value | $1.70bn | $2.02bn |
| Price vs our value range | — | — |
| Moat score | — | 16 (Weak) |
| Insider trades, 12 months | 2 buys, 74 sales | 6 buys, 39 sales |