Intuitive Machines, Inc. (LUNR) intrinsic value & 10-year financials
Intuitive Machines, Inc. (LUNR) has a Graham intrinsic value of $81.71 per share. At $10.78 on Oct 17, 2026, the stock trades 87% below that value. Over the last 5 fiscal years revenue grew 34.1% a year to $207.1M, with an average return on invested capital of 15.3%.
- Graham intrinsic value
- $81.71
- Share price (Oct 17, 2026)
- $10.78
- Price vs Graham value
- 87% below
- Market cap
- $1.2B
- Revenue (FY2025)
- $207.1M
- Revenue growth (5-yr CAGR)
- 34.1%
- ROIC (10-yr avg)
- 15.3%
- Free cash flow (FY2025)
- -$56.0M
LUNR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $207.1M | -$83.3M | -$0.73 | -$56.0M | -42.1% | 8.1% |
| FY2024 | $228.0M | -$283.4M | -$4.63 | -$67.7M | -25.2% | 8.1% |
| FY2023 | $79.5M | $61.8M | $2.46 | -$75.2M | -70.7% | 57.8% |
| FY2022 | $85.9M | -$190.4K | — | -$17.4M | -5.8% | -12.9% |
| FY2021 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Intuitive Machines, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Intuitive Machines, Inc. has earned high returns on invested capital, averaging 15.3% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Intuitive Machines, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Intuitive Machines, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $81.71 per share.