Where Does Rivian Automotive Stock Rank Among Competitors?

RIVN: Rivian Automotive logo
RIVN
Rivian Automotive

Rivian‘s stock, demonstrating a 30% gain over the past year, shows notable performance. How does it compare to peers like Oshkosh and Thor Industries in the dynamic EV and automotive sectors? While Rivian exhibits strong revenue growth of 28%, it currently struggles with unprofitability, marked by negative operating and free cash flow margins. Despite a substantial market cap, achieving positive earnings is crucial for sustained upside against its more profitable, established competitors.

  • RIVN’s -58.5% operating margin, trailing HOG’s 11.9%, reflects heavy investment in scaling EV production.
  • RIVN’s 28.2% revenue growth, outpacing peers, signals strong EV demand and successful production scaling.
  • RIVN’s 29.7% stock gain, despite a -5.0 PE, reflects investor bet on future EV market share and R2 launch.

Here’s how Rivian Automotive stacks up across size, valuation, and profitability versus key peers.

  RIVN OSK THO HOG EMPD
Market Cap ($ Bil) 22.5 8.5 5.5 2.6 0.2
Revenue ($ Bil) 5.8 10.3 9.8 4.7 0.0
PE Ratio -5.0 12.5 19.4 6.7 -3.6
LTM Revenue Growth 28.2% -2.5% 1.4% -16.0% -36.5%
LTM Operating Margin -58.5% 9.3% 3.3% 11.9% -1214.1%
LTM FCF Margin -8.4% 7.3% 3.8% 8.4% -17929.1%
12M Market Return 29.7% 32.9% -0.3% -32.8%  

For more details on Rivian Automotive, read Buy or Sell RIVN Stock. Below we compare RIVN’s growth, margin, and valuation with peers across years

Revenue Growth Comparison

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  LTM 2025 2024 2023 2022
RIVN 28.2% 12.1% 167.4% 2914.5%
OSK -2.5% 11.1% 16.6% 7.0%
THO 1.4% -4.6% -9.7% -31.8%  
HOG -16.0% -11.1% 1.4% 7.8%
EMPD -36.5% 23.8% -28.3% 913.0%

Operating Margin Comparison

  LTM 2025 2024 2023 2022
RIVN -58.5% -94.3% -129.4% -413.5%
OSK 9.3% 9.9% 8.7% 4.6%
THO 3.3% 3.1% 4.2% 5.3%  
HOG 11.9% 8.0% 13.3% 15.8%
EMPD -1214.1% -669.1% -913.6% -705.2%

PE Ratio Comparison

  LTM 2025 2024 2023 2022
RIVN -5.0 -2.8 -4.1 -2.5
OSK 12.5 9.1 11.9 33.3
THO 19.4 19.7 23.7 10.8  
HOG 6.7 8.7 7.4 8.3
EMPD -3.6

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