Lucid Group vs Rivian Automotive
Rivian Automotive reported revenue of $5.4 billion in fiscal 2025, 4.0 times Lucid Group's $1.4 billion in fiscal 2025. Lucid Group's revenue grew 67.6% in its latest year, and Rivian Automotive's grew 8.4%. Lucid Group had an operating margin of -258.7%, against -66.5% at Rivian Automotive. Free cash flow was −$3.8 billion at Lucid Group and −$2.5 billion at Rivian Automotive.
Side by side
| Lucid Group | Rivian Automotive | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.4B | $5.4B |
| Revenue growth | 67.6% | 8.4% |
| Revenue growth a year, last 5 years | 220.6% | — |
| Gross margin | −92.8% | 2.7% |
| Operating margin | −258.7% | −66.5% |
| Net margin | −199.3% | −67.7% |
| Free cash flow | −$3.8B | −$2.5B |
| Free cash flow margin | −280.7% | −46.2% |
| Return on capital | −136.7% | −88.0% |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | 28.2% | 17.1% |
| Last close | $3.40 | $11.43 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | sold $18,640 | bought $1.0 billion, sold $7.4 million |
| Piotroski F-score | 3 of 9 | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Lucid GroupRivian Automotive
Operating margin
Percent of revenue
Lucid GroupRivian Automotive
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Lucid GroupRivian Automotive
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Lucid Group and Rivian Automotive pages.