Fisker Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Fisker Inc (FSRN) 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: Fisker Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 273M vs 1,093,366M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+193.3% annualized vs trailing 12 months), vs accelerating (+68.2%) for its tracked peer group.
- Growth: Fisker Inc generated 65,279.1% revenue growth year over year in Q4 2023, vs 39.6% for its tracked competitors combined.
- Profitability: Its 0.0% net margin compares with 6.0% for the peer group.
- Peer revenue share: Fisker Inc accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.75M compares with $1.46M for the peer group (0.5x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
FSRN Sales vs. its Competitors, Q4 2023
Fisker Inc reported revenue growth of 65,279.08 % year on year in Q4 2023, above its competitors' combined revenue growth of 39.58 %.
With a net margin of 0.00 %, Fisker Inc reported lower profitability than its competitors (6.03 %).
Fisker Inc generated 0.04 % of the combined sales of its peer group, up from 0.00 % a year earlier.
Fisker Inc vs. its Competitors, Q4 2023
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 Fisker Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Fisker Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (3) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Fisker Inc's competitor groups requires a Commercial License.
For context: the EV, Auto & Truck Manufacturers industry grew revenue 4.2% year over year, combined, vs 65,279.1% for Fisker Inc. Fisker Inc's share of combined industry revenue moved from 0.00% to 0.02%, a gain of 0.02 percentage points.
Fisker 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 |
|---|---|---|---|---|
| Fisker Inc | - | Yes | Yes | Yes |
| Competitors combined (21) | ||||
| High-Confidence Competitors (3) |
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.
FSRN Stock Performance relative to its Competitors
FSRN Stock Performance relative to High-Confidence Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | General Motors Company | 282.9% | Outperformed |
| 2 | Faraday Future Intelligent Electric Inc | 282.9% | Outperformed |
| 3 | Ford Motor Co | 282.9% | Outperformed |
| 4 | Vinfast Auto ltd | 282.9% | Outperformed |
| 5 | Honda Motor Co Ltd | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Fisker Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Fisker Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Fisker Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Fisker Inc | 7.02 | 272.88 |
| Tesla Inc | 1,250,151.00 | 103,619.00 |
| Honda Motor Co Ltd | 150,511.98 | 142,458.01 |
| General Motors Company | 73,291.40 | 185,527.00 |
| Ferrari N v | 71,075.18 | 8,003.26 |
| Ford Motor Co | 50,093.66 | 191,465.00 |
| SUBTOTAL | 1,660,997.80 | 2,021,493.29 |
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Sources: Fisker 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 Fisker Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Fisker 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 |
|---|---|---|
| Faraday Future Intelligent Electric Inc | Named by the company | 85% |
| BMW | Named by the company | 85% |
| Tesla | Named by the company | 85% |
| FFIE | Named by the company | 85% |
| Electrameccanica Vehicles Corp | Named by the company | 85% |
| Polestar Automotive Holding Uk Plc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Fisker 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.
Fisker 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 |
|---|---|
| Tesla Inc | Automotive 88.88 % |
| General Motors Company | GM North America 83.10 % |
| Ford Motor Co | Ford Blue 51.38 % |
| Rivian Automotive Inc | Automotive 65.75 % |
| Bollinger Innovations Inc | Bollinger Motors Segment 56.21 % |
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).
Fisker 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 |
|---|---|---|---|
| Fisker Inc | 7 | 747,625 | - |
| Tesla Inc | 1,250,151 | 768,772 | 28,668 |
| Honda Motor Co Ltd | 150,512 | 730,580 | 30,418 |
| General Motors Company | 73,291 | 1,189,276 | 13,410 |
| Ferrari N v | 71,075 | 1,399,661 | 313,301 |
| Ford Motor Co | 50,094 | 1,132,929 | -36,000 |
| PEERS TOTAL | 1,660,991 | 1,457,504 | -2,043 |
Fisker 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 |
|---|---|
| Tesla Inc | United States 46.78 % |
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.
Fisker Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the EV, Auto & Truck Manufacturers industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (36 companies). See the full EV, Auto & Truck Manufacturers industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 7.74 % (avg) | - |
| Operating Margin | - | industry median | - |
| EBITDA Margin | -70.16 % | -10.52 % (avg) | -59.6 pp |
| Capital Intensity (Capex / Revenue) | 83.40 % | 10.58 % (avg) | +72.8 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.
Fisker 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 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenue Growth | - | - | - | 222.64 % | 500.00 % |
| Operating Margin | - | - | -310,614.15 % | -155,042.40 % | - |
| Return on Invested Capital | -0.22 % | -4.72 % | -14.27 % | -27.88 % | - |
| P/E | - | - | - | - | - |
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.
Fisker 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 |
|---|---|---|
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 83.40 % vs industry average 10.58 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Fisker Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Fisker 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.
Fisker 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.
Fisker Inc falls in the Low attractiveness / Low strength cell: Harvest / Divest.
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.
Fisker 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
- Latest-quarter revenue run-rate is accelerating (+193.3% annualized vs trailing 12 months).
Weaknesses
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- A meaningful share of tracked competitors (60.00 %) show financial-distress signals, a possible opening to gain share.
Threats
- 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.
Fisker 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 |
|---|---|---|---|
| Fisker Inc | 0.72 | 1.46 | 0.27 |
| Tesla Inc | 0.50 | 2.05 | 0.03 |
| Honda Motor Co Ltd | 0.53 | 1.36 | 0.76 |
| General Motors Company | 0.23 | 1.17 | 0.62 |
| Ferrari N v | 13.00 | 42.73 | - |
| Ford Motor Co | 0.20 | 1.10 | 0.50 |
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.
Fisker 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 |
|---|---|---|---|
| Fisker Inc | Q4 2023 | +65,279.1 % | - |
| Tesla Inc | Q2 2026 | +25.5 % | -5.2 % |
| Honda Motor Co Ltd | Q1 2024 | +1.9 % | -26.7 % |
| General Motors Company | Q2 2026 | +1.9 % | -28.5 % |
| Ferrari N v | Q4 2025 | +7.0 % | +4.8 % |
| Ford Motor Co | Q1 2026 | +7.2 % | +439.3 % |
| PEERS TOTAL | +2.7 % | -87.9 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Fisker 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 |
|---|---|---|---|
| Fisker Inc | Q4 2023 | +190,382.8 % | +70.8 % |
| Tesla Inc | Q2 2026 | +26.1 % | +142.1 % |
| Honda Motor Co Ltd | Q1 2024 | +4.5 % | +40.7 % |
| General Motors Company | Q2 2026 | - | -9.1 % |
| Ferrari N v | Q4 2025 | +3.7 % | +0.6 % |
| Ford Motor Co | Q1 2026 | +0.4 % | +30.7 % |
Fisker Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Fisker Inc | - | - | - |
| Tesla Inc | 2.74% | 3.60% | 4.63% |
| Honda Motor Co Ltd | 2.89% | 4.01% | 7.04% |
| General Motors Company | 0.74% | 1.10% | 3.22% |
| Ferrari N v | 16.61% | 20.24% | 40.86% |
| Ford Motor Co | - | - | - |
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).
Fisker Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Fisker Inc | - | 0.03 |
| Tesla Inc | 326.99 | 12.06 |
| Honda Motor Co Ltd | 27.31 | 1.06 |
| General Motors Company | 46.55 | 0.40 |
| Ferrari N v | 44.48 | 8.88 |
| Ford Motor Co | - | 0.26 |
| PEERS AVERAGE | - | 0.82 |
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.