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Leonardo DRS vs Intuitive Machines: revenue, profit, margins and growth compared

Leonardo DRS brought in $3.6B of revenue in fiscal 2025, Intuitive Machines $210.1M in fiscal 2025. Revenue changed by +12.8% at Leonardo DRS and -7.9% at Intuitive Machines on the year before, so Leonardo DRS grew faster. Leonardo DRS kept 7.6% of its revenue as net profit, Intuitive Machines -39.7%. Free cash flow was $227M at Leonardo DRS and -$56M at Intuitive Machines.

Side by side, latest fiscal year

DRSLUNR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.6B$210.1M
Revenue growth+12.8%-7.9%
Net income$278M-$83.3M
Net margin7.6%-39.7%
Free cash flow$227M-$56M
Free cash flow margin6.2%-26.6%
Earnings per share (diluted)$1.03-$0.73
Cash$647M$582.6M
Debt$348M$335.3M
Price to earnings36.1n/a
Market value$9.9B$3.6B
Dividend yield0.97%n/a
Rank by revenue in sector#155 of 451 · Industrials#355 of 451 · Industrials

Over the years

Revenue
DRS FY2019: $2.7BDRS FY2021: $2.8BDRS FY2021: $2.9BDRS FY2022: $2.7BDRS FY2023: $2.8BDRS FY2024: $3.2BDRS FY2025: $3.6BLUNR FY2022: $85.9MLUNR FY2023: $79.6MLUNR FY2024: $228MLUNR FY2025: $210.1MFY19FY21FY22FY23FY24FY25
DRS $3.6BLUNR $210.1M
Net income
DRS FY2019: $75MDRS FY2021: $85MDRS FY2021: $154MDRS FY2022: $405MDRS FY2023: $168MDRS FY2024: $213MDRS FY2025: $278MLUNR FY2022: -$190.4KLUNR FY2023: $61.8MLUNR FY2024: -$283.4MLUNR FY2025: -$83.3MFY19FY21FY22FY23FY24FY25
DRS $278MLUNR -$83.3M
Net margin
DRS FY2019: 2.8%DRS FY2021: 3.1%DRS FY2021: 5.3%DRS FY2022: 15.0%DRS FY2023: 5.9%DRS FY2024: 6.6%DRS FY2025: 7.6%LUNR FY2022: -0.2%LUNR FY2023: 77.6%LUNR FY2024: -124.3%LUNR FY2025: -39.7%FY19FY21FY22FY23FY24FY25
DRS 7.6%LUNR -39.7%
Revenue growth
DRS FY2021: +2.4%DRS FY2021: +3.6%DRS FY2022: -6.5%DRS FY2023: +4.9%DRS FY2024: +14.4%DRS FY2025: +12.8%LUNR FY2023: -7.4%LUNR FY2024: +186.6%LUNR FY2025: -7.9%FY21FY22FY23FY24FY25
DRS +12.8%LUNR -7.9%
Free cash flow
DRS FY2019: $102MDRS FY2021: $69MDRS FY2021: $118MDRS FY2022: -$32MDRS FY2023: $145MDRS FY2024: $186MDRS FY2025: $227MLUNR FY2022: -$15.6MLUNR FY2023: -$75.2MLUNR FY2024: -$67.7MLUNR FY2025: -$56MFY19FY21FY22FY23FY24FY25
DRS $227MLUNR -$56M

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

Questions about Leonardo DRS and Intuitive Machines

Which is bigger by revenue, Leonardo DRS or Intuitive Machines?

Leonardo DRS is bigger by revenue: $3.6B in fiscal 2025, against $210.1M for Intuitive Machines in fiscal 2025.

Which keeps more of its revenue as profit, Leonardo DRS or Intuitive Machines?

Leonardo DRS had a net margin of 7.6% in fiscal 2025; Intuitive Machines had -39.7% in fiscal 2025.

Which grew revenue faster, Leonardo DRS or Intuitive Machines?

In their latest fiscal years revenue changed by +12.8% at Leonardo DRS 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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