Rivian Automotive, Inc. (RIVN) vs Tesla, Inc. (TSLA)

Rivian Automotive, Inc. and Tesla, Inc. are both Auto Manufacturers companies. Tesla, Inc. is the larger, with a market value of $1.50T against $21.2B — 71.0× the size. Rivian Automotive, Inc. has negative trailing earnings, so its P/E is not meaningful; Tesla, Inc. trades at 321×. Rivian Automotive, Inc. grew revenue faster over the last twelve months: 14.2% against 11.8%. Tesla, Inc. has the higher net margin (3.67% vs −55.0%) and the higher return on invested capital (5.27% vs −51.8%). Across the 18 metrics below, Tesla, Inc. leads on 12 and Rivian Automotive, Inc. on 6.

Valuation

Metric RIVN TSLA Auto Manufacturers median
P/E n/m 320.67 14.63
P/S 3.29 11.82 0.84
P/B 3.77 14.00 1.13
Price to free cash flow n/m 212.83 19.14
EV/EBITDA n/m 109.75 6.83
EV/Sales 3.14 11.49 1.70
Earnings yield (17.67%) 0.31% (7.00%)
Free cash flow yield (18.04%) 0.47% (17.52%)

Profitability

Metric RIVN TSLA Auto Manufacturers median
Gross margin 7.51% 18.85% 7.51%
Operating margin (60.05%) 4.22% (10.38%)
Net margin (54.95%) 3.67% (4.32%)
Free cash flow margin (59.31%) 5.55% 0.00%
Return on equity (57.70%) 4.60% 0.00%
Return on assets (21.04%) 2.75% (6.30%)
Return on invested capital (51.82%) 5.27% 0.00%

Growth

Metric RIVN TSLA Auto Manufacturers median
Revenue growth (TTM) 14.21% 11.75% 5.42%
EPS growth (last fiscal year) 34.54% (47.06%) 10.59%
Revenue growth, 5-year CAGR — 24.63% 10.46%
Net income growth, 5-year CAGR 0.00% 40.62% 0.00%

Health

Metric RIVN TSLA Auto Manufacturers median
Debt to equity 0.87 0.09 0.25
Current ratio 2.10 1.94 1.10
Net debt to EBITDA 0.59 (3.40) (0.04)

Dividend

Metric RIVN TSLA Auto Manufacturers median
Dividend yield — — 1.70%
Payout ratio — — 0.13

Size

Metric RIVN TSLA Auto Manufacturers median
Market cap 21.18b 1.50t 67.10m

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