Faro Technologies Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Faro Technologies Inc (FARO) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Faro Technologies Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 341M vs 11,310M combined for tracked competitors (2.9% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-3.6% annualized vs trailing 12 months), vs decelerating (-13.2%) for its tracked peer group.
- Growth: Faro Technologies Inc generated -1.3% revenue growth year over year in Q1 2025, vs -4.4% for its tracked competitors combined.
- Profitability: Its 1.1% net margin compares with 17.0% for the peer group.
- Peer revenue share: Faro Technologies Inc accounted for 3.2% of combined revenue among its tracked peer group, up from 3.1% a year earlier.
- Peer differentiation: Revenue per employee of $0.27M compares with $0.33M for the peer group (0.8x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
FARO Sales vs. its Competitors, Q1 2025
Faro Technologies Inc reported revenue contraction of 1.28 % year on year in Q1 2025, above its competitors' combined revenue change of -4.38 %.
With a net margin of 1.10 %, Faro Technologies Inc reported lower profitability than its competitors (17.01 %).
Faro Technologies Inc generated 3.24 % of the combined sales of its peer group, up from 3.14 % a year earlier.
Faro Technologies Inc vs. its Competitors, Q1 2025
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Faro Technologies Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Faro Technologies Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (2) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (2) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Faro Technologies Inc's competitor groups requires a Commercial License.
For context: the Scientific & Technical Instruments industry grew revenue 12.8% year over year, combined, vs -1.3% for Faro Technologies Inc. Faro Technologies Inc's share of combined industry revenue moved from 0.38% to 0.33%, a loss of 0.05 percentage points.
Faro Technologies Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Faro Technologies Inc | No | No | No | No |
| Competitors combined (3) | ||||
| High-Confidence Competitors (3) | ||||
| Similar Growth & Profitability (8) | 85.70 % (6 of 7) | 62.50 % (5 of 8) | 37.50 % (3 of 8) | 50.00 % (4 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
FARO Stock Performance relative to its Competitors
FARO Stock Performance relative to High-Confidence Competitors
FARO Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Ametek Inc | 282.9% | Outperformed |
| 2 | Interlink Electronics inc | 282.9% | Outperformed |
| 3 | Trimble Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Faro Technologies Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Faro Technologies Inc's Comment on Competition and Industry Peers
Our measurement systems compete in the broad and highly competitive market
for measurement devices for manufacturing and industrial applications, which,
in addition to portable articulated arms, laser tracker, 3D imaging and laser
scanner products, consist of fixed-base CMMs, templates and go/no-go gages,
check fixtures, handheld measurement tools, and various categories of surveying
equipment. In the FARO Gage product line, we compete with a number of manufacturers
of handheld measurement tools and fixed-base CMMs, including some large, well-established
companies. In the FaroArm, FARO Laser ScanArm, FARO Laser Tracker, FARO Focus3D
and FARO Cobalt Array 3D Imager product lines, we compete primarily with Hexagon
Metrology, a division of Hexagon AB, and with Steinbichler Optotechnik GmbH
and GOM GmbH in the 3D Imager product lines. We also compete in these product
lines with a number of other smaller companies. We compete on the basis of technical
innovation, product performance, quality and price with respect to all of our
products.
We will be required to make continued investments in technology and product development to maintain and extend the technological advantage that we believe we currently have over our competition. However, we cannot be certain that our technology or our product development efforts will allow us to successfully compete as the industry evolves. As the market for our measurement systems expands, additional competition may emerge and our existing and future competitors may commit more resources to the markets in which we participate.
Publicly Traded Peers of Faro Technologies Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Faro Technologies Inc | 868.03 | 341.08 |
| Ametek Inc | 58,160.21 | 7,863.92 |
| Trimble Inc | 13,362.55 | 3,432.50 |
| Interlink Electronics inc | 92.95 | 13.25 |
| SUBTOTAL | 72,483.73 | 11,650.76 |
Sources: Faro Technologies Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Faro Technologies Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Faro Technologies Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Ametek | Named by the company | 85% |
| Trimble Inc. | Named by the company | 85% |
| Automated Precision, Inc. | Named by the company | 85% |
| Matterport | Named by the company | 85% |
| Hexagon AB | Named by the company | 85% |
| Creaform | Named by the company | 85% |
| OpenSpace | Named by the company | 85% |
| Artec Europe, S.a.r.l. | Named by the company | 85% |
| Leica Geosystems AG | Named by the company | 85% |
| Virtek Vision International | Named by the company | 85% |
| Gerber Technology LLC | Named by the company | 85% |
| StructionSite | Named by the company | 85% |
| Line Corp | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Faro Technologies Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Faro Technologies Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Ametek Inc | Electronic Instruments Group 64.62 % |
| Trimble Inc | Field Systems 49.88 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Faro Technologies Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Faro Technologies Inc | 868 | 274,403 | -718 |
| Ametek Inc | 58,160 | 349,508 | 70,056 |
| Trimble Inc | 13,363 | 298,478 | -9,104 |
| Interlink Electronics inc | 93 | 142,462 | -13,258 |
| PEERS TOTAL | 71,616 | 331,730 | 43,127 |
Faro Technologies Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Ametek Inc | United States 52.86 % |
| Trimble Inc | North America 66.43 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Faro Technologies Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 20 companies in Faro Technologies Inc's industry classification, broader than the peer set above. Market cap in millions of $.Faro Technologies Inc ranks #0 of 20 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 3,051, indicating a highly concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Thermo Fisher Scientific Inc | 251,761 | 38.32 % |
| 2 | Kla Corporation | 249,635 | 38.00 % |
| 3 | Coherent Corp | 55,187 | 8.40 % |
| 4 | Rockwell Automation Inc | 48,124 | 7.33 % |
| 5 | Onto Innovation Inc | 1,234 | 5.2% |
| 6 | Trimble Inc | 1,234 | 5.2% |
| 7 | Nova Ltd | 1,234 | 5.2% |
| 8 | Camtek Ltd | 1,234 | 5.2% |
| 9 | Mirion Technologies Inc | 1,234 | 5.2% |
| 10 | 908 Devices inc | 1,234 | 5.2% |
| 0 | Faro Technologies Inc | 868 | 0.00 % |
Market cap and industry share for the rest of Faro Technologies Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2025-07-18.
Faro Technologies Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Scientific & Technical Instruments industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (31 companies). See the full Scientific & Technical Instruments industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 56.02 % | 44.10 % (avg) | +11.9 pp |
| Operating Margin | 3.65 % | industry median | +0.0 pp |
| EBITDA Margin | 7.73 % | 5.11 % (avg) | +2.6 pp |
| Capital Intensity (Capex / Revenue) | 3.88 % | 3.13 % (avg) | +0.8 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Faro Technologies Inc's Valuation vs Competitive Position
Valuation multiples vs the Scientific & Technical Instruments industry average (31 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Scientific & Technical Instruments industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 54.1x | - |
| EV / EBITDA | 20.4x | 26.7x | -6.3x |
| P/B | 2.2x | 5.0x | -2.8x |
| Return on Equity | -0.35 % | industry aggregate | -17.80 % |
| Return on Invested Capital | 1.94 % | -1.73 % (avg) | 3.67 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Faro Technologies Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 10.85 % | 11.83 % | -5.42 % | -20.43 % | 11.21 % | 2.35 % | 3.54 % | -4.43 % |
| Operating Margin | 1.47 % | 1.43 % | -15.36 % | -10.10 % | -2.50 % | -7.21 % | -13.84 % | 0.97 % |
| Return on Invested Capital | 0.74 % | 0.75 % | -7.58 % | -4.40 % | -1.13 % | -3.74 % | -7.38 % | 0.53 % |
| P/E | - | 161.6x | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Faro Technologies Inc's Strategic Group Map
Every company in Faro Technologies Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Faro Technologies Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Faro Technologies Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 3,051 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 3.88 % vs industry average 3.13 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Faro Technologies Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Faro Technologies Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Faro Technologies Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Faro Technologies Inc falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Faro Technologies Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Return on equity 17.8 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-3.6% annualized vs trailing 12 months).
Opportunities
- A meaningful share of tracked competitors (33.30 %) show financial-distress signals, a possible opening to gain share.
Threats
- Industry dominated by Thermo Fisher Scientific Inc , holding 38.32 % of industry market cap.
- Tracked peer group's revenue run-rate is broadly decelerating (-13.2% annualized).
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Faro Technologies Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Faro Technologies Inc | 0.83 | 2.25 | 0.27 |
| Ametek Inc | 0.17 | 1.14 | 0.21 |
| Trimble Inc | 0.17 | 1.02 | 0.25 |
| Interlink Electronics inc | 1.56 | 4.01 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Faro Technologies Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Faro Technologies Inc | Q1 2025 | -1.3 % | - |
| Ametek Inc | Q2 2026 | +15.0 % | +13.5 % |
| Trimble Inc | Q2 2026 | +28.2 % | - |
| Interlink Electronics inc | Q2 2026 | +48.5 % | +148.0 % |
| PEERS TOTAL | +18.3 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Faro Technologies Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Faro Technologies Inc | Q1 2025 | -12.5 % | +1.0 % |
| Ametek Inc | Q2 2026 | +14.6 % | +9.4 % |
| Trimble Inc | Q2 2026 | +85.7 % | +20.3 % |
| Interlink Electronics inc | Q2 2026 | +109.8 % | -80.0 % |
Faro Technologies Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Faro Technologies Inc | - | - | - |
| Ametek Inc | 9.68% | 10.72% | 14.55% |
| Trimble Inc | - | - | - |
| Interlink Electronics inc | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Faro Technologies Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Faro Technologies Inc | - | 2.54 |
| Ametek Inc | 37.05 | 7.40 |
| Trimble Inc | - | 3.89 |
| Interlink Electronics inc | - | 7.02 |
| PEERS AVERAGE | 49.33 | 6.22 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.