Rivian Automotive vs Tesla
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KIRAβs take AI analyst
I put Rivian Automotive and Tesla side by side, using each oneβs latest annual report. Here is what stands out:
- Tesla is the larger business, with $94.8B of revenue in fiscal 2025 against $5.4B for Rivian Automotive, about 18 times as much.
- Rivian Automotive grew revenue faster (8.4%, against β2.9%).
- Tesla kept more of each dollar of sales as operating profit (4.6% operating margin, against β66.6%).
- Tesla turned more of its sales into free cash flow (6.6% FCF margin, against β46.2%).
- Tesla earned a higher return on the capital invested in it (7.2%, against β88.0%).
Who comes out ahead
Of the 9 measures where higher (or lower) is clearly better, how many each company leads.
Rivian Automotive
RIVN
1/9
Revenue growth
Tesla
TSLA
8/9
Gross marginOperating marginNet marginFCF marginReturn on capitalReturn on equityPiotroski F-scoreShare count change
Side by side
Best in the row
| Latest fiscal year | RIVN FY25 | TSLA FY25 |
|---|---|---|
| Size | ||
| Market cap | $15.1B | $1.39T |
| Revenue | $5.4B | $94.8B |
| Free cash flow | β$2.5B | $6.2B |
| Net income | β$3.6B | $3.8B |
| Growth | ||
| Revenue growth | 8.4% | β2.9% |
| 5-year growth | β | 24.6% |
| Share count change | 17.1% | 0.9% |
| Profitability | ||
| Gross margin | 2.7% | 18.0% |
| Operating margin | β66.6% | 4.6% |
| Net margin | β67.7% | 4.0% |
| FCF margin | β46.2% | 6.6% |
| Return on capital | β88.0% | 7.2% |
| Return on equity | β65.4% | 4.9% |
| Balance sheet | ||
| Net debt | β$1.5B | β$37.3B |
| Net debt / EBITDA | β | β4.0x |
| Dividends and buybacks | $0.0M | $0.0M |
| Valuation & quality | ||
| P/E | β | β |
| Piotroski F-score | 4 | 5 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.