The Motley Fool's comparison favors Intuitive Machines for long-term investors, citing a 5.1x price-to-sales ratio versus Firefly Aerospace's 14x. Yet Firefly's FY2025 revenue rose about 160% to nearly $160 million, while Intuitive's declined about 8% to about $210 million.
Firefly's forward P/E is lower at 24.2x versus Intuitive Machines' 144.2x, although Intuitive has the lower price-to-sales ratio. The article says valuation data from Financial Modeling Prep may vary by provider. In FY2025, Firefly lost about $298 million and had nearly $238 million in negative free cash flow, versus Intuitive's $83.3 million loss and roughly $56 million in negative free cash flow. Both companies rely on a limited set of government customers.
Firefly's Blue Ghost completed a lunar landing in March 2025, and the company plans annual NASA payload missions. Analysts expect its revenue to exceed $440 million in 2026 and reach $1 billion in FY2028. Intuitive Machines reported record revenue of $187 million in its first FY2026 quarter. Management said its backlog was $1.1 billion, including $400 million in early-2026 bookings, and forecast FY2026 revenue of $952 million and a $66 million net loss.
