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Coda Octopus vs Intuitive Machines: revenue, profit, margins and growth compared

Coda Octopus brought in $26.6M of revenue in fiscal 2025, Intuitive Machines $210.1M in fiscal 2025. Revenue changed by +30.7% at Coda Octopus and -7.9% at Intuitive Machines on the year before, so Coda Octopus grew faster. Coda Octopus kept 15.5% of its revenue as net profit, Intuitive Machines -39.7%. Free cash flow was $6M at Coda Octopus and -$56M at Intuitive Machines.

Side by side, latest fiscal year

CODALUNR
Fiscal year endedFY2025 (October 31, 2025)FY2025 (December 31, 2025)
Revenue$26.6M$210.1M
Revenue growth+30.7%-7.9%
Net income$4.1M-$83.3M
Net margin15.5%-39.7%
Free cash flow$6M-$56M
Free cash flow margin22.7%-26.6%
Earnings per share (diluted)$0.37-$0.73
Cash$28.7M$582.6M
Debtn/a$335.3M
Price to earnings29.1n/a
Market value$121.6M$3.6B
Dividend yieldn/an/a
Rank by revenue in sector#421 of 451 · Industrials#355 of 451 · Industrials

Over the years

Revenue
CODA FY2018: $18MCODA FY2019: $25.1MCODA FY2020: $20MCODA FY2021: $21.3MCODA FY2022: $22.2MCODA FY2023: $19.4MCODA FY2024: $20.3MCODA FY2025: $26.6MLUNR FY2022: $85.9MLUNR FY2023: $79.6MLUNR FY2024: $228MLUNR FY2025: $210.1MFY18FY19FY20FY21FY22FY23FY24FY25
CODA $26.6MLUNR $210.1M
Net income
CODA FY2018: $5MCODA FY2019: $5.2MCODA FY2020: $3.3MCODA FY2021: $4.9MCODA FY2022: $4.3MCODA FY2023: $3.1MCODA FY2024: $3.6MCODA FY2025: $4.1MLUNR FY2022: -$190.4KLUNR FY2023: $61.8MLUNR FY2024: -$283.4MLUNR FY2025: -$83.3MFY18FY19FY20FY21FY22FY23FY24FY25
CODA $4.1MLUNR -$83.3M
Net margin
CODA FY2018: 27.7%CODA FY2019: 20.9%CODA FY2020: 16.7%CODA FY2021: 23.2%CODA FY2022: 19.4%CODA FY2023: 16.1%CODA FY2024: 17.9%CODA FY2025: 15.5%LUNR FY2022: -0.2%LUNR FY2023: 77.6%LUNR FY2024: -124.3%LUNR FY2025: -39.7%FY18FY19FY20FY21FY22FY23FY24FY25
CODA 15.5%LUNR -39.7%
Revenue growth
CODA FY2019: +39.1%CODA FY2020: -20.0%CODA FY2021: +6.4%CODA FY2022: +4.2%CODA FY2023: -12.9%CODA FY2024: +5.0%CODA FY2025: +30.7%LUNR FY2023: -7.4%LUNR FY2024: +186.6%LUNR FY2025: -7.9%FY19FY20FY21FY22FY23FY24FY25
CODA +30.7%LUNR -7.9%
Free cash flow
CODA FY2018: $1.9MCODA FY2019: $4.1MCODA FY2020: $3.6MCODA FY2021: $2.4MCODA FY2022: $6.3MCODA FY2023: $367.9KCODA FY2024: $1.9MCODA FY2025: $6MLUNR FY2022: -$15.6MLUNR FY2023: -$75.2MLUNR FY2024: -$67.7MLUNR FY2025: -$56MFY18FY19FY20FY21FY22FY23FY24FY25
CODA $6MLUNR -$56M

Fiscal years as each company reports them; the two may end in different months.

Questions about Coda Octopus and Intuitive Machines

Which is bigger by revenue, Coda Octopus or Intuitive Machines?

Intuitive Machines is bigger by revenue: $210.1M in fiscal 2025, against $26.6M for Coda Octopus in fiscal 2025.

Which keeps more of its revenue as profit, Coda Octopus or Intuitive Machines?

Coda Octopus had a net margin of 15.5% in fiscal 2025; Intuitive Machines had -39.7% in fiscal 2025.

Which grew revenue faster, Coda Octopus or Intuitive Machines?

In their latest fiscal years revenue changed by +30.7% at Coda Octopus and -7.9% at Intuitive Machines.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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