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Side-by-side financial comparison of REV Group, Inc. (REVG) and Rivian Automotive, Inc. (RIVN). Click either name above to swap in a different company.

Rivian Automotive, Inc. is the larger business by last-quarter revenue ($1.3B vs $664.4M, roughly 1.9× REV Group, Inc.). REV Group, Inc. runs the higher net margin — 4.3% vs -63.1%, a 67.4% gap on every dollar of revenue. On growth, REV Group, Inc. posted the faster year-over-year revenue change (11.1% vs -25.8%). REV Group, Inc. produced more free cash flow last quarter ($53.7M vs $-1.1B). Over the past eight quarters, REV Group, Inc.'s revenue compounded faster (6.5% CAGR vs 3.3%).

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Rivian Automotive, Inc., is an American electric vehicle manufacturer and automotive technology company founded in 2009. It produces an electric sport utility vehicle (SUV), a pickup truck on a "skateboard" platform that can support future vehicles or be adopted by other companies, and an electric delivery van, the Rivian EDV. It started deliveries of its R1T pickup truck in late 2021. The company planned to build an exclusive charging network in the United States and Canada by the end of 2023.

REVG vs RIVN — Head-to-Head

Bigger by revenue
RIVN
RIVN
1.9× larger
RIVN
$1.3B
$664.4M
REVG
Growing faster (revenue YoY)
REVG
REVG
+37.0% gap
REVG
11.1%
-25.8%
RIVN
Higher net margin
REVG
REVG
67.4% more per $
REVG
4.3%
-63.1%
RIVN
More free cash flow
REVG
REVG
$1.2B more FCF
REVG
$53.7M
$-1.1B
RIVN
Faster 2-yr revenue CAGR
REVG
REVG
Annualised
REVG
6.5%
3.3%
RIVN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
REVG
REVG
RIVN
RIVN
Revenue
$664.4M
$1.3B
Net Profit
$28.9M
$-811.0M
Gross Margin
15.4%
9.3%
Operating Margin
7.1%
-64.8%
Net Margin
4.3%
-63.1%
Revenue YoY
11.1%
-25.8%
Net Profit YoY
-30.7%
-9.0%
EPS (diluted)
$0.57
$-0.66

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
REVG
REVG
RIVN
RIVN
Q4 25
$664.4M
$1.3B
Q3 25
$644.9M
$1.6B
Q2 25
$629.1M
$1.3B
Q1 25
$525.1M
$1.2B
Q4 24
$597.9M
$1.7B
Q3 24
$579.4M
$874.0M
Q2 24
$616.9M
$1.2B
Q1 24
$586.0M
$1.2B
Net Profit
REVG
REVG
RIVN
RIVN
Q4 25
$28.9M
$-811.0M
Q3 25
$29.1M
$-1.2B
Q2 25
$19.0M
$-1.1B
Q1 25
$18.2M
$-545.0M
Q4 24
$41.7M
$-744.0M
Q3 24
$18.0M
$-1.1B
Q2 24
$15.2M
$-1.5B
Q1 24
$182.7M
$-1.4B
Gross Margin
REVG
REVG
RIVN
RIVN
Q4 25
15.4%
9.3%
Q3 25
15.8%
1.5%
Q2 25
15.2%
-15.8%
Q1 25
13.3%
16.6%
Q4 24
13.2%
9.8%
Q3 24
13.5%
-44.9%
Q2 24
12.5%
-38.9%
Q1 24
10.7%
-43.8%
Operating Margin
REVG
REVG
RIVN
RIVN
Q4 25
7.1%
-64.8%
Q3 25
8.8%
-63.1%
Q2 25
7.9%
-85.5%
Q1 25
5.3%
-52.8%
Q4 24
5.8%
-38.1%
Q3 24
4.9%
-133.8%
Q2 24
3.7%
-118.7%
Q1 24
-1.1%
-123.3%
Net Margin
REVG
REVG
RIVN
RIVN
Q4 25
4.3%
-63.1%
Q3 25
4.5%
-75.3%
Q2 25
3.0%
-85.7%
Q1 25
3.5%
-44.0%
Q4 24
7.0%
-42.9%
Q3 24
3.1%
-125.9%
Q2 24
2.5%
-125.8%
Q1 24
31.2%
-120.1%
EPS (diluted)
REVG
REVG
RIVN
RIVN
Q4 25
$0.57
$-0.66
Q3 25
$0.59
$-0.96
Q2 25
$0.38
$-0.97
Q1 25
$0.35
$-0.48
Q4 24
$1.03
$-0.67
Q3 24
$0.35
$-1.08
Q2 24
$0.28
$-1.46
Q1 24
$3.06
$-1.48

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
REVG
REVG
RIVN
RIVN
Cash + ST InvestmentsLiquidity on hand
$34.7M
$6.1B
Total DebtLower is stronger
Stockholders' EquityBook value
$416.3M
$4.6B
Total Assets
$1.2B
$14.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REVG
REVG
RIVN
RIVN
Q4 25
$34.7M
$6.1B
Q3 25
$36.0M
$7.1B
Q2 25
$28.8M
$7.5B
Q1 25
$31.6M
$7.2B
Q4 24
$24.6M
$7.7B
Q3 24
$50.5M
$6.7B
Q2 24
$38.2M
$7.9B
Q1 24
$87.9M
$7.9B
Total Debt
REVG
REVG
RIVN
RIVN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$5.5B
Q1 24
$4.4B
Stockholders' Equity
REVG
REVG
RIVN
RIVN
Q4 25
$416.3M
$4.6B
Q3 25
$387.3M
$5.1B
Q2 25
$357.8M
$6.1B
Q1 25
$428.8M
$6.2B
Q4 24
$435.1M
$6.6B
Q3 24
$394.6M
$5.9B
Q2 24
$379.7M
$6.8B
Q1 24
$496.1M
$8.1B
Total Assets
REVG
REVG
RIVN
RIVN
Q4 25
$1.2B
$14.9B
Q3 25
$1.2B
$15.2B
Q2 25
$1.2B
$15.6B
Q1 25
$1.2B
$15.5B
Q4 24
$1.2B
$15.4B
Q3 24
$1.3B
$14.3B
Q2 24
$1.3B
$15.4B
Q1 24
$1.4B
$15.7B
Debt / Equity
REVG
REVG
RIVN
RIVN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.81×
Q1 24
0.55×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
REVG
REVG
RIVN
RIVN
Operating Cash FlowLast quarter
$76.9M
$-681.0M
Free Cash FlowOCF − Capex
$53.7M
$-1.1B
FCF MarginFCF / Revenue
8.1%
-89.0%
Capex IntensityCapex / Revenue
3.5%
36.0%
Cash ConversionOCF / Net Profit
2.66×
TTM Free Cash FlowTrailing 4 quarters
$190.0M
$-2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
REVG
REVG
RIVN
RIVN
Q4 25
$76.9M
$-681.0M
Q3 25
$60.3M
$26.0M
Q2 25
$117.0M
$64.0M
Q1 25
$-13.1M
$-188.0M
Q4 24
$68.6M
$1.2B
Q3 24
$14.4M
$-876.0M
Q2 24
$40.1M
$-754.0M
Q1 24
$-69.7M
$-1.3B
Free Cash Flow
REVG
REVG
RIVN
RIVN
Q4 25
$53.7M
$-1.1B
Q3 25
$48.7M
$-421.0M
Q2 25
$105.6M
$-398.0M
Q1 25
$-18.0M
$-526.0M
Q4 24
$63.3M
$856.0M
Q3 24
$8.5M
$-1.2B
Q2 24
$34.2M
$-1.0B
Q1 24
$-80.2M
$-1.5B
FCF Margin
REVG
REVG
RIVN
RIVN
Q4 25
8.1%
-89.0%
Q3 25
7.6%
-27.0%
Q2 25
16.8%
-30.5%
Q1 25
-3.4%
-42.4%
Q4 24
10.6%
49.4%
Q3 24
1.5%
-131.9%
Q2 24
5.5%
-89.6%
Q1 24
-13.7%
-126.5%
Capex Intensity
REVG
REVG
RIVN
RIVN
Q4 25
3.5%
36.0%
Q3 25
1.8%
28.7%
Q2 25
1.8%
35.5%
Q1 25
0.9%
27.3%
Q4 24
0.9%
18.9%
Q3 24
1.0%
31.7%
Q2 24
1.0%
24.4%
Q1 24
1.8%
21.1%
Cash Conversion
REVG
REVG
RIVN
RIVN
Q4 25
2.66×
Q3 25
2.07×
Q2 25
6.16×
Q1 25
-0.72×
Q4 24
1.65×
Q3 24
0.80×
Q2 24
2.64×
Q1 24
-0.38×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

REVG
REVG

Specialty Vehicles$507.4M76%
Recreational Vehicles$157.2M24%

RIVN
RIVN

Automotive Segment$839.0M65%
Software And Services Segment$447.0M35%
Regulatory Credits$30.0M2%

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