Firefly Aerospace, Inc. (FLY) vs Intuitive Machines, Inc. (LUNR)

Firefly Aerospace, Inc. and Intuitive Machines, Inc. are both Aerospace & Defense companies. Firefly Aerospace, Inc. and Intuitive Machines, Inc. are of similar size ($3.9B and $3.7B). Firefly Aerospace, Inc. grew revenue faster over the last twelve months: 179.2% against 116.9%. Intuitive Machines, Inc. has the higher net margin (−26.8% vs −129.1%) and the higher return on invested capital (0.00% vs −34.8%). Across the 16 metrics below, Intuitive Machines, Inc. leads on 12 and Firefly Aerospace, Inc. on 4.

Valuation

Metric FLY LUNR Aerospace & Defense median
P/E n/m n/m 33.00
P/S 13.73 5.17 3.63
P/B 3.22 n/m 3.24
Price to free cash flow n/m n/m 34.01
EV/EBITDA n/m n/m 18.69
EV/Sales 11.59 5.08 3.94
Earnings yield (12.07%) (6.09%) 1.31%
Free cash flow yield (8.28%) (7.42%) 0.00%

Profitability

Metric FLY LUNR Aerospace & Defense median
Gross margin 22.92% 16.35% 25.48%
Operating margin (117.99%) (27.51%) 4.54%
Net margin (129.06%) (26.77%) 2.22%
Free cash flow margin (113.66%) (38.31%) 0.00%
Return on equity (242.95%) 39.21% 6.43%
Return on assets (35.18%) (11.10%) 2.70%
Return on invested capital (34.77%) 0.00% 1.56%

Growth

Metric FLY LUNR Aerospace & Defense median
Revenue growth (TTM) 179.17% 116.89% 18.43%
EPS growth (last fiscal year) 73.21% 84.23% —
Revenue growth, 5-year CAGR — — 9.62%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric FLY LUNR Aerospace & Defense median
Debt to equity 0.02 (1.16) 0.24
Current ratio 2.73 1.66 2.72
Net debt to EBITDA 2.57 3.02 1.12

Dividend

Metric FLY LUNR Aerospace & Defense median
Dividend yield — — 1.04%
Payout ratio — — 0.00

Size

Metric FLY LUNR Aerospace & Defense median
Market cap 3.93b 3.66b 2.52b

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