RIVN Consumer Cyclical

Rivian Automotive, Inc.

$13.29+0.76%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Consumer Cyclical
Industry: Auto Manufacturers
Country: United States
Market cap: 19.2B USD
Enterprise value: 16.1B USD
Full-time employees: 15,232

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.62 vs a peer median of 0.63) and more debt relative to equity (0.87× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.62 vs peers 0.63) and more debt vs equity (0.87× vs peers 0.46×)

Ranks #1,295 of 1,502 consumer cyclical companies (bottom 14%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 47% from December 2022 to June 2026.
Rivian Automotive had 47% more shares at June 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Rivian Automotive had 47% more shares at June 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Stock-based pay is a large cost. Stock pay was 14% of revenue in 2025.
Rivian Automotive paid employees $741M in stock in 2025, 14% of its $5.4B revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Operating loss narrowing. Operating margin -67% in 2025, the smallest loss relative to revenue of the last 5 years.
Rivian Automotive still lost money on operations in 2025 (margin -67%), but that was its smallest operating loss relative to revenue in the 5 years of filings we have.
Growing fast, still losing money. Revenue grew faster than 83% of peers, at an operating loss.
Revenue grew faster than 83% of peers, but the business runs at an operating loss (margin -60%).

StockQuotient Score

29/ 100

Oct 5 29 → Nov 4 29

Valuation

Is the price right?

6/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-17.9%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.34Sector median: 0.0439 · MAD: 0.0329

EBITDA yield-15.8%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.90Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield-19.3%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.13Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield28.3%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

85/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 6.4%

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Still loss-making, but the loss per share narrowed33% base weight · Z-score 0.33Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth25.4%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 3.33Sector median: 0.0425 · MAD: 0.0636

Revenue growth14.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.61Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

0/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Operating margin rose 8.9 points to -60.1%

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-60.1%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -4.25Sector median: 0.0638 · MAD: 0.0461

Return on assets-21.4%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.27Sector median: 0.0331 · MAD: 0.0254

Return on invested capital-46.7%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.50Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin7.5%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity-63.1%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 25 → 24

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.62

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -3.30Sector median: 0.6345 · MAD: 0.2980

Current ratio2.10×

SEC filings · latest balance sheetReported value33% base weight · Z-score 1.12Sector median: 1.4800 · MAD: 0.5570

Debt / equity0.87×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.13Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Rivian Automotive

Is Rivian Automotive getting weaker?: Its latest SEC filing (Jul 30, 2026) got stronger: operating margin rose 8.9 points to -60.1%. Its overall score is unchanged at 29/100 since Oct 28, 2026.
How is Rivian Automotive valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 6/100 against 1,612 consumer cyclical peers. Earnings yield -17.9% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -17.9% vs peers 4.4% (weaker than 100% of peers).
Is Rivian Automotive growing?: Yes, faster than most of its peers. Growth scores 85/100 against 1,612 consumer cyclical peers. 3-year revenue growth 25.4% vs a peer median of 4.3% (stronger than 93% of peers).3-year revenue growth 25.4% vs peers 4.3% (stronger than 93% of peers).
How profitable is Rivian Automotive?: Less profitable than most of its peers. Profitability scores 0/100 against 1,612 consumer cyclical peers. Operating margin -60.1% vs a peer median of 6.4% (weaker than 100% of peers).Operating margin -60.1% vs peers 6.4% (weaker than 100% of peers).
How risky is Rivian Automotive?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 2.10× vs a peer median of 1.48× (stronger than 72% of peers).Current ratio 2.10× vs peers 1.48× (stronger than 72% of peers). Beta 1.62 vs a peer median of 0.63 (weaker than 93% of peers).Beta 1.62 vs peers 0.63 (weaker than 93% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 30, 2026 · compared with the quarter ended Mar 31, 2026

Got stronger

Operating margin rose 8.9 points to -60.1%

Worth watching: Rivian Automotive is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	5.5B USD	5.9B USD	+6.4%
Net income (12 months)	−3.5B USD	−3.2B USD	−8.1%
Operating margin	-68.9%	-60.1%	+8.9 pts
Free cash flow (12 months)	−3.0B USD	−3.5B USD	+14.8%
Debt	4.4B USD	4.4B USD	+0.0%
Cash	2.8B USD	3.6B USD	+26.3%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Consumer Cyclical · 182 companies

Valuations in Consumer Cyclical are within their usual range since 2016.

36% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +0% and earnings +10% (medians): prices and earnings moved broadly together.
Median price-to-sales is −55% vs the whole market, against a usual −41%.

2016Shaded: most expensive fifth of its range2026

Shown for Consumer Cyclical: too few Auto Manufacturers companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	-845.5%	-188.4%	-45.8%	-24.1%	2.7%	▲ 27 pts
Operating margin	-7672.7%	-413.5%	-129.4%	-94.3%	-66.5%	▲ 28 pts
Net margin	-8523.6%	-407.2%	-122.5%	-95.5%	-67.7%	▲ 28 pts
Return on assets (ROA)	-21.0%	-37.8%	-32.4%	-30.8%	-24.5%	▲ 6.3 pts
Return on equity (ROE)	-24.0%	-48.9%	-59.4%	-72.3%	-79.4%	▼ 7.0 pts
Free cash flow margin	-8029.1%	-387.3%	-132.9%	-57.5%	-46.2%	▲ 11 pts
Current ratio	14.13×	5.42×	4.95×	4.70×	2.33×	▼ 51%
Quick ratio	13.93×	4.86×	3.90×	3.70×	1.89×	▼ 49%
Debt to equity	0.06×	0.09×	0.48×	0.68×	0.97×	▲ 43%
Interest coverage	-145.52×	-66.56×	-26.09×	-14.75×	-13.08×	▲ 11%

RIVN price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.62 vs a peer median of 0.63) and more debt relative to equity (0.87× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.62 vs peers 0.63) and more debt vs equity (0.87× vs peers 0.46×)

Ranks #1,295 of 1,502 consumer cyclical companies (bottom 14%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 47% from December 2022 to June 2026.

Rivian Automotive had 47% more shares at June 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Rivian Automotive had 47% more shares at June 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Stock-based pay is a large cost. Stock pay was 14% of revenue in 2025.

Rivian Automotive paid employees $741M in stock in 2025, 14% of its $5.4B revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Operating loss narrowing. Operating margin -67% in 2025, the smallest loss relative to revenue of the last 5 years.

Rivian Automotive still lost money on operations in 2025 (margin -67%), but that was its smallest operating loss relative to revenue in the 5 years of filings we have.

Growing fast, still losing money. Revenue grew faster than 83% of peers, at an operating loss.

Revenue grew faster than 83% of peers, but the business runs at an operating loss (margin -60%).

Questions investors ask about Rivian Automotive

Is Rivian Automotive getting weaker?

Its latest SEC filing (Jul 30, 2026) got stronger: operating margin rose 8.9 points to -60.1%. Its overall score is unchanged at 29/100 since Oct 28, 2026.

How is Rivian Automotive valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 6/100 against 1,612 consumer cyclical peers. Earnings yield -17.9% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -17.9% vs peers 4.4% (weaker than 100% of peers).

Is Rivian Automotive growing?

Yes, faster than most of its peers. Growth scores 85/100 against 1,612 consumer cyclical peers. 3-year revenue growth 25.4% vs a peer median of 4.3% (stronger than 93% of peers).3-year revenue growth 25.4% vs peers 4.3% (stronger than 93% of peers).

How profitable is Rivian Automotive?

Less profitable than most of its peers. Profitability scores 0/100 against 1,612 consumer cyclical peers. Operating margin -60.1% vs a peer median of 6.4% (weaker than 100% of peers).Operating margin -60.1% vs peers 6.4% (weaker than 100% of peers).

How risky is Rivian Automotive?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 2.10× vs a peer median of 1.48× (stronger than 72% of peers).Current ratio 2.10× vs peers 1.48× (stronger than 72% of peers). Beta 1.62 vs a peer median of 0.63 (weaker than 93% of peers).Beta 1.62 vs peers 0.63 (weaker than 93% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

5.5B USD

5.9B USD

+6.4%

Net income (12 months)

−3.5B USD

−3.2B USD

−8.1%

Operating margin

-68.9%

-60.1%

+8.9 pts

Free cash flow (12 months)

−3.0B USD

−3.5B USD

+14.8%

Debt

4.4B USD

4.4B USD

+0.0%

Cash

2.8B USD

3.6B USD

+26.3%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

-845.5%

-188.4%

-45.8%

-24.1%

2.7%

▲ 27 pts

Operating margin

-7672.7%

-413.5%

-129.4%

-94.3%

-66.5%

▲ 28 pts

Net margin

-8523.6%

-407.2%

-122.5%

-95.5%

-67.7%

▲ 28 pts

Return on assets (ROA)

-21.0%

-37.8%

-32.4%

-30.8%

-24.5%

▲ 6.3 pts

Return on equity (ROE)

-24.0%

-48.9%

-59.4%

-72.3%

-79.4%

▼ 7.0 pts

Free cash flow margin

-8029.1%

-387.3%

-132.9%

-57.5%

-46.2%

▲ 11 pts

Current ratio

14.13×

5.42×

4.95×

4.70×

2.33×

▼ 51%

Quick ratio

13.93×

4.86×

3.90×

3.70×

1.89×

▼ 49%

Debt to equity

0.06×

0.09×

0.48×

0.68×

0.97×

▲ 43%

Interest coverage

-145.52×

-66.56×

-26.09×

-14.75×

-13.08×

▲ 11%