What is Intuitive Machines, Inc.'s gross margin?

Intuitive Machines, Inc. (LUNR) reported gross margin of -10.2% in Q2 2024.

How has Intuitive Machines, Inc.'s gross margin changed year-over-year?

Intuitive Machines, Inc.'s gross margin decreased by 552.8% year-over-year, from 2.3% to -10.2%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Intuitive Machines, Inc. LUNR Gross margin

Gross margin at other companies

Lockheed MartinLMT

9.8%-0.3pp

KBRKBR

14.5%-0.1pp

Rocket Lab USA, Inc.RKLB

36.6%+9.3pp

L3Harris TechnologiesLHX

25.5%-0.6pp

AeroVironmentAVAV

24.7%-14.8pp

Leonardo DRS, Inc.DRS

24.4%+1.5pp

Other financials

Income statement

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Revenue$186.7M+199%

Gross profit-$15.5M-244%

Operating income-$39.2M-289%

Net income-$37.4M-228%

EPS (diluted)-$0.25-127%

Balance sheet

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Cash & equivalents$243.4M-35.2%

Total debt$426.4M+1,041%

Total equity-$334.3M-144%

Total assets$1.7B+244%

Cash flow

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Operating cash flow-$54.8M-382%

CapEx$9.9M+61.3%

Free cash flow-$64.6M-586%

Valuation

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Market cap$3.67B+243%

Enterprise value$3.85B+499%

P/S11×+6.1×

Profitability

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Operating margin-34.8%+7.1pp

Net margin-32.7%-12.8pp

FCF margin-40.1%+286pp

Returns & leverage

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Return on equity46.4%—

Debt / equity-1.3×—

Current ratio1.2×-3.2×

Where this comes from

Calculated from Intuitive Machines, Inc.’s reported figures.

gross profit/total revenue=-10.2%

Based on trailing twelve months.

The official record: Intuitive Machines, Inc.’s 10-Q, filed August 7, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Intuitive Machines, Inc.'s gross margin?: Intuitive Machines, Inc. (LUNR) reported gross margin of -10.2% in Q2 2024.
How has Intuitive Machines, Inc.'s gross margin changed year-over-year?: Intuitive Machines, Inc.'s gross margin decreased by 552.8% year-over-year, from 2.3% to -10.2%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.