About Rivian Automotive, Inc.
Rivian Automotive, Inc., together with its subsidiaries, develops, manufactures, and sells category-defining electric vehicles. It operates through two segments, Automotive, and Software and Services. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand; and a three-row, seven-passenger sport utility vehicle under the R1S name. It also provides software and services, such as vehicle electrical architecture and software development, as well as Autonomy+, remarketing, vehicle repair and maintenance services, software subscriptions, vehicle accessories, financing, insurance, and other services. In addition, the company designs, develops, and manufactures the Rivian Adventure Network Direct Current fast chargers; and FleetOS, a proprietary, end-to-end centralized fleet management subscription platform. Further, it offers Rivian Commercial Van platform for Electric Delivery Van with collaboration with Amazon.com, Inc. Rivian Automotive, Inc. was founded in 2009 and is based in Irvine, California.
Rivian Automotive, Inc. (RIVN) is a Consumer Cyclical company in the Auto Manufacturers industry with a market capitalisation of $23.2B.
- Sector
- Consumer Cyclical
- Industry
- Auto Manufacturers
- Market cap
- $23.2B
- Forward P/E
- -8.98
- EPS (TTM)
- $-2.59
- Revenue (TTM)
- $5.9B
- Free cash flow
- -$1.5B
- Profit margin
- -55.0%
- Beta
- 1.62
- Shares outstanding
- 1.4B
Financial health: Fair5/10
4 strengths, 4 concerns. Weakest points: return on equity, gross margin, net margin and 1 more.
- Debt to equity: 0.97 (Watch, benchmark < 0.5) — Debt of 0.97x equity is moderate against the 0.5x benchmark. It has deteriorated over the last 4 years.
- Net debt vs cash flow: 0.0y (Strong, benchmark < 4 years) — Holds more cash than debt ($1.6B net cash).
- Current ratio: 2.33 (Strong, benchmark > 1.5) — Short-term assets cover 2.33x short-term liabilities, against Graham's 1.5x floor. It has deteriorated over the last 4 years.
- Return on equity: -57.5% (Concern, benchmark > 15%) — Earns -57.5% on shareholder equity, well short of the > 15% mark.
- Gross margin: 7.5% (Concern, benchmark > 40%) — Keeps 7.5% of revenue after the direct cost of sales, well short of the > 40% mark.
- Net margin: -54.9% (Concern, benchmark > 10%) — Turns -54.9% of revenue into profit, well short of the > 10% mark.
- Free cash flow: -$2.5B (Concern, benchmark positive) — Burned $2.5B of cash after capital spending, so operations did not fund themselves. It has improved over the last 4 years.
- Revenue growth: 27.2% (Strong, benchmark > 10%) — Revenue changed 27.2% year on year, comfortably past the > 10% mark.
- Earnings growth: 23.2% (Strong, benchmark > 10%) — Earnings changed 23.2% year on year, comfortably past the > 10% mark.