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Leonardo DRS vs Intuitive Machines: DRS and LUNR compared
Leonardo DRS is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $206M for Intuitive Machines (Q2 2026). Intuitive Machines is growing faster (+310% against +11% a year earlier). Leonardo DRS is more profitable, with an operating margin of 10.9% against -22.9%.
Where the money goes: DRS and LUNR
Leonardo DRS (DRS) · Q3 2026
Leonardo DRS, Q3 2026: revenue $1.1B (+11% year over year), operating margin 10.9%, net earnings $115M, operating cash flow $96.0M. The chart follows the revenue to costs, profit and cash.
Intuitive Machines (LUNR) · Q2 2026
Intuitive Machines, Q2 2026: revenue $206M (+310% year over year), operating margin -22.9%, net loss $62.8M, operating cash flow −$57.1M. The chart follows the revenue to costs, profit and cash.
| Leonardo DRS (DRS) | Intuitive Machines (LUNR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $1.1B | $206M |
| Revenue growth, Y/Y | +11% | +310% |
| Gross margin | 24.7% | — |
| Operating margin | 10.9% | -22.9% |
| Net earnings | $115M | −$62.8M |
| Net margin | 10.8% | -30.5% |
| Operating cash flow | $96.0M | −$57.1M |
| Free cash flow | $61.0M | — |
| Market value | $9.1B | — |
| P/E | 25.0× | — |
| Analysts’ mean target | $52.58 | — |
Where the revenue comes from
Intuitive Machines
- Product revenue: $167M (81%)
- Service revenue: $36.7M (18%)
- Other revenues: $2.8M (1%)
Questions
Which is bigger, Leonardo DRS or Intuitive Machines?
Leonardo DRS is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $206M for Intuitive Machines (Q2 2026).
Is Leonardo DRS or Intuitive Machines growing faster?
Intuitive Machines is growing faster (+310% against +11% a year earlier).
Which is more profitable, Leonardo DRS or Intuitive Machines?
Leonardo DRS is more profitable, with an operating margin of 10.9% against -22.9%.
More: Leonardo DRS earnings · how Leonardo DRS makes money · Intuitive Machines earnings · how Intuitive Machines makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.