AIRI vs. LUNR

Last updated Jun 3, 2026

AIRI (Air Industries Group) and LUNR (Intuitive Machines Inc. ) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 3 years, AIRI returned -6.22%/yr vs 66.65%/yr for LUNR. At a 0.13 correlation, their price movements are largely independent.

Performance

AIRI vs. LUNR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Air Industries Group (AIRI) and Intuitive Machines Inc. (LUNR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIRI achieves a -1.95% return, which is significantly lower than LUNR's 108.44% return.

AIRI

• 1D: -0.33%
• 1M: -3.99%
• YTD: -1.95%
• 6M: 3.79%
• 1Y: -13.51%
• 3Y*: -6.22%
• 5Y*: -24.78%
• 10Y*: -23.93%

LUNR

• 1D: -14.51%
• 1M: 33.45%
• YTD: 108.44%
• 6M: 231.67%
• 1Y: 206.71%
• 3Y*: 66.65%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIRI vs. LUNR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AIRI Air Industries Group	-1.95%	-24.57%	25.23%	-23.53%	-53.14%	-15.23%
LUNR Intuitive Machines Inc.	108.44%	-10.63%	610.76%	-74.45%	3.73%	-0.10%

Correlation

The correlation between AIRI and LUNR is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since Nov 18, 2021	0.13

The correlation between AIRI and LUNR shifts across timeframes, from 0.13 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

EPS AIRI : -$426.15 LUNR : -$0.00
PS Ratio AIRI : 0.00 LUNR : 3.75K
Total Revenue (TTM) AIRI : $11.64B LUNR : $334.27M
Gross Profit (TTM) AIRI : $2.61B LUNR : $85.92M
EBITDA (TTM) AIRI : -$560.86M LUNR : -$96.76M

Return for Risk

AIRI vs. LUNR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIRI

AIRI Risk / Return Rank: 25
AIRI Sharpe Ratio Rank: 27
AIRI Sortino Ratio Rank: 26
AIRI Omega Ratio Rank: 26
AIRI Calmar Ratio Rank: 23
AIRI Martin Ratio Rank: 22

LUNR

LUNR Risk / Return Rank: 86
LUNR Sharpe Ratio Rank: 87
LUNR Sortino Ratio Rank: 84
LUNR Omega Ratio Rank: 80
LUNR Calmar Ratio Rank: 91
LUNR Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIRI vs. LUNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Air Industries Group (AIRI) and Intuitive Machines Inc. (LUNR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AIRI	LUNR	Difference
Sharpe ratio Return per unit of total volatility	-0.30	1.92	-2.22
Sortino ratio Return per unit of downside risk	-0.17	2.65	-2.82
Omega ratio Gain probability vs. loss probability	0.98	1.31	-0.33
Calmar ratio Return relative to maximum drawdown	-0.49	4.97	-5.46
Martin ratio Return relative to average drawdown	-0.89	10.59	-11.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIRI vs. LUNR - Sharpe Ratio Comparison

The current AIRI Sharpe Ratio is -0.30, which is lower than the LUNR Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of AIRI and LUNR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIRI	LUNR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.30	1.92	-2.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.34	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	0.19	-0.32

Drawdowns

AIRI vs. LUNR - Drawdown Comparison

The maximum AIRI drawdown since its inception was -99.97%, roughly equal to the maximum LUNR drawdown of -97.43%. Use the drawdown chart below to compare losses from any high point for AIRI and LUNR.

Drawdown Indicators

	AIRI	LUNR	Difference
Max Drawdown Largest peak-to-trough decline	-99.97%	-97.43%	-2.54%
Max Drawdown (1Y) Largest decline over 1 year	-28.31%	-41.88%	+13.57%
Max Drawdown (3Y) Largest decline over 3 years	-64.06%	-78.54%	+14.48%
Max Drawdown (5Y) Largest decline over 5 years	-81.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-94.58%	—	—
Current Drawdown Current decline from peak	-99.97%	-58.74%	-41.23%
Average Drawdown Average peak-to-trough decline	-94.99%	-63.26%	-31.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.70%	19.61%	-3.91%

Volatility

AIRI vs. LUNR - Volatility Comparison

The current volatility for Air Industries Group (AIRI) is 10.44%, while Intuitive Machines Inc. (LUNR) has a volatility of 43.33%. This indicates that AIRI experiences smaller price fluctuations and is considered to be less risky than LUNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIRI	LUNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.44%	43.33%	-32.89%
Volatility (6M) Calculated over the trailing 6-month period	31.76%	90.47%	-58.71%
Volatility (1Y) Calculated over the trailing 1-year period	44.66%	108.47%	-63.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.99%	171.46%	-98.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.37%	171.46%	-96.09%

Dividends

AIRI vs. LUNR - Dividend Comparison

Neither AIRI nor LUNR has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIRI Air Industries Group	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.52%
LUNR Intuitive Machines Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

AIRI vs. LUNR - Profitability Comparison

The chart below illustrates the profitability comparison between Air Industries Group and Intuitive Machines Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AIRI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Air Industries Group reported a gross profit of 2.60B and revenue of 11.61B. Therefore, the gross margin over that period was 22.4%.

LUNR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Intuitive Machines Inc. reported a gross profit of 72.82M and revenue of 186.73M. Therefore, the gross margin over that period was 39.0%.

AIRI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Air Industries Group reported an operating income of -565.00M and revenue of 11.61B, resulting in an operating margin of -4.9%.

LUNR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Intuitive Machines Inc. reported an operating income of -39.20M and revenue of 186.73M, resulting in an operating margin of -21.0%.

AIRI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Air Industries Group reported a net income of -1.02B and revenue of 11.61B, resulting in a net margin of -8.8%.

LUNR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Intuitive Machines Inc. reported a net income of -37.55M and revenue of 186.73M, resulting in a net margin of -20.1%.

Frequently Asked Questions

Can I hold both AIRI and LUNR in my portfolio?

AIRI and LUNR have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIRI or LUNR?

LUNR has higher volatility (43.33%) compared to AIRI (10.44%). In terms of maximum drawdown, AIRI dropped -99.97% vs LUNR's -97.43%.

Which has better risk-adjusted returns?

LUNR currently has the higher Sharpe Ratio (1.92 vs -0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.