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Momentus Inc. key statistics and ratios

In fiscal 2025, Momentus Inc. had an operating margin of -2455.4%, debt equal to 0.0% of equity and a current ratio of 1.39. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Gross margin−0.8%—91.3%72.3%96.9%99.8%63.6%
Operating margin<−999%<−999%<−999%<−999%<−999%<−999%−832.0%
Net margin<−999%>999%<−999%<−999%<−999%<−999%−927.7%
Free-cash-flow margin<−999%<−999%<−999%<−999%−785.8%<−999%−801.0%
Return on equity——−112.0%———−54.2%
Return on assets−845.3%108.6%−68.6%−121.9%−228.4%−121.2%−41.9%
Asset turnover0.010.000.000.050.140.040.05
Current ratio3.784.371.760.970.301.3913.70
Debt to equity—0.0%0.0%0.0%—0.0%0.0%
Interest cover (operating income ÷ interest)n/mn/mn/mn/mn/mn/mn/m
Effective tax rate—0.0%—————
R&D as % of revenue>999%>999%>999%>999%462.7%827.9%351.2%
SG&A as % of revenue>999%>999%>999%>999%>999%>999%544.3%
Capital spending as % of revenue411.5%900.6%195.0%3.0%0.0%1.1%0.0%
Free cash flow ÷ net income—−74.3%—————

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 3 checks passed · June 30, 2026
What it owns · $130m
Short-term assets $113mLonger-term assets $16m
What it owes, and who funded it · $130m
Short-term liabilities $8mLonger-term liabilities $7mShareholders' equity $114m
  • Short-term assets cover short-term liabilities $113m of assets due within a year against $8m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $113m short-term assets against $7m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$32m against $1m of interest.

From Momentus Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

28 /100

Weak moat

How hard Momentus's competitive advantage looks for rivals to wear away, judged from 7 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -93.9% of total assets over 7 years.

  • Pricing power 12 / 20

    Gross margin has been a median 79.7%, moving by 10.9 percentage points (standard deviation) across 5 years.

  • Durability 10 / 20

    Operating margin has been a median -3540.0%; its worst year was -37576.4%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 5 years, at a median -1951.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: MNTS vs MOBDPRO vs MNTSMNTS vs VJET

More: Aerospace & Defense stocks compared, Industrials sector, rankings of US companies

Figures from Momentus Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Momentus Inc.