Momentus Inc.
MNTSAbout the company
Momentus Inc. operates as a commercial space company in the United States. The company offers satellites, satellite buses, solar arrays, and other satellite components; transportation, communication, and infrastructure services, including hosted payloads, and other in-orbit services for government and commercial customers. It serves satellite operators.
Investment snapshot
Positive
4
BUY / PASS
Neutral / negative
2 / 10
NEUTRAL / FAIL
Median fair value
—
No comparable estimates
Models with upside
0 / 17
Positive margin of safety
Strongest signal
8 of 12 pass — Graham, Buffett, Lynch +1 more object
Key risk
No clean pass — all 10 investors flag at least one cash flow criterion
Framework analysis
| Verdict | Meaning |
|---|---|
| BUY | Positive purchase signal: the framework's buy requirements are met. |
| PASS | The company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state. |
| NEUTRAL | Neither a positive nor negative conclusion. It does not mean to hold an existing position. |
| FAIL | The company does not clear the framework's requirements. |
| Ranked | Ranked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL. |
Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.
| Metric | Graham Defensive Value | Buffett Quality Compounder | Lynch GARP | Greenblatt Magic Formula | Piotroski F-Score | Dreman Contrarian Value | Munger Quality Focus | Pabrai Dhandho Framework | Akre Three-Legged Stool | Marks Risk-Aware Value | Ackman Activist Value | Templeton Global Bargain Hunter | Sleep Scale Economies Shared | Asness Systematic Factors | Neff Low-P/E Total Return | Schloss Asset-Value Discipline | O'Shaughnessy Systematic Factor Composite |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Verdict | FAIL | FAIL | FAIL | Not ranked | NEUTRAL | FAIL | PASS | FAIL | FAIL | FAIL | FAIL | PASS | PASS | FAIL | FAIL | BUY | NEUTRAL |
| Score | |||||||||||||||||
| Analysis | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… |
| Intrinsic Value (annual) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Margin of Safety | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financial Basis | TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Annual history · FY 2025 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-06-30 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | Annual history · FY 2025 · Balance sheet at 2026-06-30 · TTM ended 2026-06-30 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | Annual history · FY 2025 Latest source filing: 2026-03-31 Score computed: 2026-11-14 | Annual history · FY 2025 Latest source filing: 2026-03-31 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Market data at 2026-11-01 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | Qualitative assessment · Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | Qualitative assessment · Annual history · FY 2025 Latest source filing: 2026-03-31 Score computed: 2026-11-14 | Annual history · FY 2025 · Qualitative assessment · Balance sheet at 2026-06-30 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-03-31 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Market data at 2026-11-01 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 · Balance sheet at 2026-06-30 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-03-31 Score computed: 2026-11-14 | TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | Annual history · FY 2025 Latest source filing: 2026-03-31 Score computed: 2026-11-14 | Annual history · FY 2025 · Balance sheet at 2026-06-30 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | TTM ended 2026-06-30 · Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-08-11 Score computed: 2026-11-14 |
Where It Passes
- Debt & Leverage67% pass✓ 11✗ 4▾
8 of 12 pass — Graham, Buffett, Lynch +1 more object
LT Debt vs Net Current Assets✗GrahamLT Debt <= Net Current AssetsDebt/Equity & Interest CoverageD/E: 0.00, IC: -22.1x✗BuffettD/E < 0.5 AND Interest Coverage > 5xTotal Debt / Equity0✓Lynch< 0.33Cash - Long-term Debt✗LynchPositive preferredLT Debt / Total Assets Change0.00% -> 0.00%✓PiotroskiDecreased YoYCurrent Assets / Current Liabilities13.70✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)Total Debt / Shareholders' Equity0✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00xDebt Levels0✓MungerDebt/Equity < 0.5✓AkreDebt/Equity < 0.3Interest Coverage & Debt/EBITDAIC=-267.2x, D/EBITDA=N/A✗MarksInterest Coverage > 3x; Debt/EBITDA < 4xTotal Debt / Shareholders Equity0✓Ackman<= 1.0Negative debt-to-equity (higher means less debt)-0.0000; #1/4210 (top 0.0%)✓AsnessTop 30% of eligible cross-section
Where It Falls Short
- Cash Flow0% pass✓ 1✗ 11▾
No clean pass — all 10 investors flag at least one cash flow criterion
Free Cash Flow Proxy$-29.2M✗BuffettPositive and growingFCF Positive and Growing$-23.3M✗LynchPositive and growingOperating Cash Flow$-23.3M✗PiotroskiCFO > 0(CFO / Total Assets) vs ROACFO/Assets=-57.73%, ROA=-75.57%✓PiotroskiCFO/Assets > ROAPrice / (CFO / Shares)N/A (negative CFPS)✗Dreman< 8xP/E or FCF YieldFCF Yield=-58.9%✗PabraiP/E < 15 or FCF Yield > 10%FCF Positive0/6 years FCF positive✗MarksPositive FCF in majority of recent years(OCF - CapEx) / Market Cap-2076.8%✗Ackman>= 4%Price / FCF per ShareN/A (negative FCF)✗Ackman<= 25Positive Operating Cash Flow frequency0/6 years positive✗SleepPositive OCF in >= 70% of available yearsOperating Cash Flow - Capital Expenditures$-23.3M✗Neff> $0 (app proxy for a strong fundamental case)(Operating cash flow - capex) / market capitalization-58.90%; #3904/4519 (top 86.4%)✗OshaughnessyTop 10% of eligible cross-section - Growth0% pass✓ 2✗ 11▾
No clean pass — all 8 investors flag at least one growth criterion
EPS Growth (3-yr avg, 10-yr window)-6591.2%✗Graham>= 33% growthBasic earnings-growth PEG (dividends excluded)✗Lynch< 1.0 (ideally < 0.5)3-5 Year EPS CAGR✗Lynch15-30% (Fast Grower); > 0% to passInventory Growth vs Revenue GrowthN/A (no inventory)✓LynchInventory growth < Revenue growthEPS Growth Direction$-0.72 (2020) -> $-49.10 (2025)✗DremanPositive over recent yearsEPS CAGR✗Dreman> 5% annualizedPositive Net Income Frequency1/6 years positive✗MarksPositive net income in >= 7 of last 10 years3yr Median Revenue Growth-31.6%✗Ackman>= 5%Positive EPS Growth Frequency1/5 years with positive EPS growth✗AckmanPositive EPS growth in >= 3 of last 5 years5-Year EPS CAGR✗Templeton> 0% (5-year EPS CAGR)Revenue growth vs. gross and operating margin trendgross margin 72.3% -> 99.8%, operating margin -2206.9% -> -2455.4%✗SleepRevenue rising; gross margin flat or falling; operating margin holding5-year Revenue CAGR24.9%✓SleepCAGR > 7%3-5 Year Diluted EPS CAGR✗Neff7%-20% annualized - Profitability6% pass✓ 5✗ 30▾
15 of 16 flag MNTS's profitability — Graham, Buffett, Lynch +12 more
Positive EPS (10 years)1/7 years positive✗GrahamPositive EPS every year for 10 yearsEPS Growth (3-yr avg, 10-yr window)-6591.2%✗Graham>= 33% growthNet Income Positive (10+ years)1/7 years positive✗BuffettPositive every year for 10+ yearsROE (up to 5-year arithmetic mean)-624.0%✗Buffett> 15% arithmetic mean (app rule)Operating Margin (10-yr trend)-2455.4% (latest)✓BuffettStable or rising over 10 yearsFree Cash Flow Proxy$-29.2M✗BuffettPositive and growingEarnings Variance (10-yr CoV)N/A (negative mean EPS)✗BuffettCoV < 0.3Retained Earnings Effectiveness✗Buffett$1 retained -> > $1 market value createdBasic earnings-growth PEG (dividends excluded)✗Lynch< 1.0 (ideally < 0.5)3-5 Year EPS CAGR✗Lynch15-30% (Fast Grower); > 0% to passROE-31.2%✗Lynch> 15%EBIT / Enterprise Value-90.2%✗Greenblatt> 10%Earnings Yield + ROC AssessmentEY=-90.2%, ROC=N/A (invested capital <= 0)✗GreenblattBoth EY > 10% and ROC > 25%Net Income / Total Assets-75.57%✗PiotroskiROA > 0ROA Change YoY-351.15% -> -75.57% (delta: +275.58%)✓PiotroskiCurrent ROA > Prior ROA(CFO / Total Assets) vs ROACFO/Assets=-57.73%, ROA=-75.57%✓PiotroskiCFO/Assets > ROAGross Margin Change YoY96.9% -> 99.8%✓PiotroskiImproved YoYPre-Tax Income / Revenue-2744.9%✗Dreman>= 8%Net Income / Shareholders' Equity-31.2%✗Dreman> 12%Margin of SafetyP/B=0.1x✓PabraiP/B < 1.5 or P/E < 15Return on Equity-862.5% (3-yr avg)✗AkreROE > 20% (3-year avg)Discount to Intrinsic ValueN/A (negative normalized EPS)✗Marks>= 20% below intrinsic valuePositive Net Income Frequency1/6 years positive✗MarksPositive net income in >= 7 of last 10 yearsOperating Income / Revenue-832.0%✗Ackman>= 15%Net Income / Shareholders Equity-31.2%✗Ackman>= 15%5-Year EPS CAGR✗Templeton> 0% (5-year EPS CAGR)Operating Margin Trend-2206.9% (2023) -> -2455.4% (2025)✗TempletonNon-negative operating-margin trend over 3 yearsRevenue growth vs. gross and operating margin trendgross margin 72.3% -> 99.8%, operating margin -2206.9% -> -2455.4%✗SleepRevenue rising; gross margin flat or falling; operating margin holdingNet income / market capitalization-90.04%; #5344/6340 (top 84.3%)✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-sectionGross profit / total assets+1.88%; #3273/3702 (top 88.4%)✗AsnessTop 30% of eligible cross-sectionNet income / positive book equity-31.15%; #3925/5226 (top 75.1%)✗AsnessTop 30% of eligible cross-sectionNegative 5-year standard deviation of ROA-1.5980; #5395/5884 (top 91.7%)✗AsnessTop 30% of eligible cross-section3-5 Year Diluted EPS CAGR✗Neff7%-20% annualizedPositive Diluted-EPS Years1/6 years positive✗Schloss>= 70% positive over 5-10 observed years (app rule) - Valuation8% pass✓ 9✗ 19▾
12 of 13 flag MNTS's valuation — Graham, Lynch, Greenblatt +9 more
Price / 3-yr avg EPS✗Graham<= 15xPrice-to-Book Ratio0.1x✓Graham<= 1.5xP/E x P/B✗Graham<= 22.5Basic earnings-growth PEG (dividends excluded)✗Lynch< 1.0 (ideally < 0.5)EBIT / Enterprise Value-90.2%✗Greenblatt> 10%Earnings Yield + ROC AssessmentEY=-90.2%, ROC=N/A (invested capital <= 0)✗GreenblattBoth EY > 10% and ROC > 25%Price / EPS✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)Price / (CFO / Shares)N/A (negative CFPS)✗Dreman< 8xPrice / Book Value per Share0.1x✓Dreman< 1.2x✓Templeton< 1.5x✓SchlossP/B <= 0.80x (app cutoff)Valuation ReasonablenessOE Yield=-2603.0%✗MungerP/E < 25 or Owner Earnings Yield > 5%P/E or FCF YieldFCF Yield=-58.9%✗PabraiP/E < 15 or FCF Yield > 10%P/B or P/E vs. Historical AverageP/B=0.1x✓MarksP/E < 15 or P/B < 2.0Discount to Intrinsic ValueN/A (negative normalized EPS)✗Marks>= 20% below intrinsic valuePrice / FCF per ShareN/A (negative FCF)✗Ackman<= 25Price vs. Trailing Low100% of trailing low ($1.80)✓Templeton<= 120% of trailing low (certified split-adjusted live window)Net income / market capitalization-90.04%; #5344/6340 (top 84.3%)✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-sectionPositive book equity / market capitalization+2.8902; #473/6449 (top 7.3%)✓AsnessTop 30% of eligible cross-sectionPrice / Diluted EPS✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)(EPS CAGR % + Dividend Yield %) / P/E✗Neff> 0.7 (Neff's published traditional edge)Price / Tangible Book Value per Share0.07x✓SchlossP/TBV <= 1.00x (app cutoff)Book Value per Share Change+1594.3%✓SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)Revenue / market capitalization+0.0971; #4351/5247 (top 82.9%)✗OshaughnessyTop 10% of eligible cross-section(Operating cash flow - capex) / market capitalization-58.90%; #3904/4519 (top 86.4%)✗OshaughnessyTop 10% of eligible cross-sectionTrailing six-month price return through the evaluation date-89.32%; #5981/6202 (top 96.4%)✗OshaughnessyTop 10% of eligible cross-section - Efficiency25% pass✓ 3✗ 8▾
6 of 8 flag MNTS's efficiency — Buffett, Greenblatt, Piotroski +3 more
Current Ratio13.70✓Graham>= 2.0ROIC (3-5 yr avg)-943.5%✗Buffett> 10%ROIC - WACC-953.5%✗BuffettPositive (WACC = 10%)EBIT / (NWC + Net Fixed Assets)N/A (invested capital <= 0)✗Greenblatt> 25%Current Ratio Change YoY0.30 -> 1.39✓PiotroskiIncreased YoYRevenue / Total Assets Change YoY0.21x -> 0.03x✗PiotroskiImproved YoYCurrent Assets / Current Liabilities13.70✓Dreman> 1.5Return on Invested Capital-22.1%✗Munger> 15%ROIC (high and growing)FY2023: ROIC=-986.4%; FY2024: ROIC=unavailable; FY2025: ROIC=-104.4%✗AkreLatest 3 consecutive FYs: ROIC > 15% in eachReinvestment Rate x ROICN/A (non-positive net income)✗AkreReinvestment Rate * ROIC > 10%ROIC (5-year)0/4 years above 12% (latest -104.4%)✗SleepROIC > 12% in a majority of years - Verdicts29% pass✓ 4✗ 10▾
Split decision: 10 FAIL · 3 PASS · 2 NEUTRAL · 1 BUY
Overall verdict✗GrahamFAIL (2/9)✗BuffettFAIL (1/9)✗LynchFAIL (2/7)•GreenblattNot ranked•PiotroskiNEUTRAL (F-Score 6)✗DremanFAIL (3/11)✓MungerPASS (2/4)✗PabraiFAIL (1/3)✗AkreFAIL (2/6)✗MarksFAIL (1/5)✗AckmanFAIL (2/9)✓TempletonPASS (4/8)✓SleepPASS (3/6)✗AsnessFAIL (Rank #2031/2370 (Top 85.7%))✗NeffFAIL (1/6)✓SchlossBUY (5/7)•OshaughnessyNEUTRAL (Not ranked)
Business & financials
Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.
Company Profile
Financial Snapshot
Shareholder Return
Fiscal 2025
Retired 58.7% of shares last year.
- Buybacks
- —
- Dividends
- —
Company Financials
Latest TTM and quarters alongside annual years
TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.
The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.
| Metric | TTM · 2026-06-30 2025-07-01 – 2026-06-30 Sources · derived quarter valuesDerived from cumulative filings: operating cash flow, revenue, net income, operating income, gross profit, ebit, interest expense, capex. | Q2 FY 2026 2026-04-01 – 2026-06-30 Sources · derived quarter valuesDerived from cumulative filings: operating cash flow, capex. | Q1 FY 2026 2026-01-01 – 2026-03-31 Sources | FY 2025Sources
| FY 2024Sources
| FY 2023Sources
| FY 2022Sources
| FY 2021Sources
|
|---|---|---|---|---|---|---|---|---|
| Market Cap | $39.5Mcurrent | -- | -- | $4.5Mest. | $8.8Mest. | $759.9Mest. | $955.2Best. | $3.7Test. |
| Revenue | $3.8M↑324% | $25.0K↓87% | $3.2M↑898% | $1.1M↓47% | $2.1M↓32% | $3.1M↑933% | $299.0K↓9% | $330.0K |
| Operating Income | -$31.9M↓20% | -$8.1M↓36% | -$8.7M↓41% | -$27.3M↑8% | -$29.7M↑56% | -$68.2M↑25% | -$91.3M↑9% | -$99.8M |
| Net Income | -$35.6M↓10% | -$8.3M↓28% | -$9.5M↓54% | -$30.5M↑13% | -$34.9M↑49% | -$68.9M↑28% | -$95.4M↓179% | $120.7M |
| EPS (Diluted) | -- | $-0.70↑43% | $-2.15↓31% | $-49.10↓112% | $-23.19 | $-23.13↓1877% | $-1.17↓169% | $1.70 |
| Gross Margin | 63.6%↓31% | 100.0%↑1% | 56.5%↓43% | 99.8%↑3% | 96.9%↑34% | 72.3%↓21% | 91.3%↓35% | 140.9% |
| Operating Margin | -832.0%↑72% | -32420.0%↓942% | -270.4%↑86% | -2455.4%↓75% | -1404.1%↑36% | -2206.9%↑93% | -30526.8%↓1% | -30230.6% |
| ROE | -31.2%↓110% | — | — | -177.8%↓140% | 447.5%↑121% | -2162.5%↓775% | -247.2%↓370% | 91.5% |
| Total Debt | $0↓100% | $0↓100% | $1.9M↓50% | $3.5M↓30% | $5.0M↑118% | $2.3M↓80% | $11.6M↓44% | $20.9M |
| Shareholders' Equity | $114.3M↑1246% | $114.3M↑1246% | $27.2M↑555% | $17.1M↑319% | -$7.8M↓345% | $3.2M↓92% | $38.6M↓71% | $131.9M |
| Current Ratio | 13.70↑5998% | 13.70↑5998% | 2.52↑526% | 1.39↑360% | 0.30↓69% | 0.97↓45% | 1.76↓60% | 4.37 |
| Debt / Equity | 0.00↑100% | 0.00↑100% | 0.07↑111% | 0.20↑132% | -0.63↓189% | 0.71↑137% | 0.30↑90% | 0.16 |
| Operating Cash Flow | -$30.7M↓74% | -$9.1M↓179% | -$5.8M↓39% | -$23.3M↓40% | -$16.6M↑73% | -$61.8M↑30% | -$87.9M↓1% | -$86.7M |
| Free Cash Flow | -- | -$9.1M | -$6.0M | -$23.3M↓40% | -$16.6M↑73% | -$61.9M↑30% | -$88.5M↑1% | -$89.7M |
Score history
Historical Score Timeline
Industry peers
Industry Peers
Similar companies in Defense
MNTS vs Peers — Financial Grading
| Company | Market Cap | Price | Revenue | Net Income | ROE | D/E | Op. Margin | Curr. Ratio | Graham | Buffett | Lynch | Greenblatt | Piotroski | Dreman |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LOCKHEED MARTIN CORPLMT | $137.7B | $596.04 | $75.0B | $5.0B | 74.6% | 3.23 | 10.3% | 1.09 | 2/9 | 5/9 | 3/7 | 1/3 | F-Score 6 | 3/11 |
| Rocket Lab CorpRKLB | $41.4B | $61.53 | $601.8M | $198.2M | -11.5% | 0.00 | -38.0% | 4.08 | 3/9 | 1/9 | 2/7 | 0/3 | F-Score 5 | 3/11 |
| AXON ENTERPRISE, INC.AXON | $25.7B | $315.43 | $2.8B | $124.7M | 3.8% | 0.56 | -2.2% | 2.53 | 2/9 | 1/9 | 0/7 | 0/3 | F-Score 5 | 3/11 |
| KRATOS DEFENSE & SECURITY SOLUTIONS, INC.KTOS | $6.4B | $33.91 | $1.3B | $22.0M | 1.1% | 0.00 | 1.9% | 4.06 | 3/9 | 1/9 | 3/7 | 0/3 | F-Score 4 | 3/11 |
| Firefly Aerospace Inc.FLY | $4.3B | $25.21 | $159.9M | $298.3M | -25.1% | 0.24 | -163.1% | 4.51 | 4/9 | 0/9 | 3/7 | 0/3 | F-Score 5 | 3/11 |
| Redwire CorpRDW | $1.9B | $7.73 | $335.4M | $226.6M | -21.4% | 0.08 | -68.5% | 1.62 | 4/9 | 1/9 | 2/7 | 0/3 | F-Score 4 | 3/11 |
| Voyager Technologies, Inc./TXVOYG | $1.7B | $27.04 | $166.4M | $104.8M | -27.3% | 1.17 | -65.2% | 4.37 | 2/9 | 0/9 | 0/7 | 0/3 | F-Score 4 | 2/11 |
| NATIONAL PRESTO INDUSTRIES INCNPK | $992.7M | $139.11 | $503.5M | $33.1M | 8.4% | 0.06 | 8.0% | 4.24 | 2/9 | 2/9 | 2/7 | 0/3 | F-Score 3 | 3/11 |