Ouster Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Ouster Inc (OUST) 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: Ouster Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 224M vs -3M combined for its competitors (101.6% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+5.8% annualized vs trailing 12 months).
- Growth: Ouster Inc generated 53.5% revenue growth year over year in Q3 2026, vs 692.1% for its competitors combined.
- Profitability: Its -23.9% net margin compares with -640.5% for the peer group.
- Scale: Ouster Inc ranks #47 of 143 companies by market capitalization in the Industrial Machinery and Components industry, holding 0.1% of industry market cap.
- Peer revenue share: Ouster Inc accounted for 96.9% of combined revenue among its tracked peer group, down from 99.4% a year earlier.
- Peer differentiation: Revenue per employee of $1.17M compares with $0.29M for the peer group (4.0x).
- Structure: Ouster Inc operates in the following segments: Reportable.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
OUST Sales vs. its Competitors, Q3 2026
Ouster Inc reported revenue growth of 53.46 % year on year in Q3 2026, below its competitors' combined revenue growth of 692.12 %.
With a net margin of -23.86 %, Ouster Inc achieved higher profitability than its competitors (-640.54 %).
Ouster Inc generated 96.88 % of the combined sales of its peer group, down from 99.38 % a year earlier.
API endpoints for this dataset
Ouster Inc vs. its Competitors, Q3 2026
Revenue growth, year on year
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 Ouster Inc reports; 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 Ouster Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Ouster Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (6) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (2) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Ouster Inc's competitor groups requires a Commercial License.
For context: the Industrial Machinery and Components industry grew revenue 15.7% year over year, combined, vs 53.5% for Ouster Inc. Ouster Inc's share of combined industry revenue moved from 0.03% to 0.04%, a gain of 0.01 percentage points.
Ouster Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Ouster Inc | No | Yes | Yes | No |
| Competitors combined (5) | ||||
| High-Confidence Competitors (10) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 62.50 % (5 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 0.00 % (0 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.
OUST Stock Performance relative to its Competitors
OUST Stock Performance relative to High-Confidence Competitors
OUST Stock Performance relative to Similar-Size Competitors
OUST 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 | Luminar Technologies Inc | 282.9% | Outperformed |
| 2 | Microvision Inc | 282.9% | Outperformed |
| 3 | Hesai Group | 282.9% | Outperformed |
| 4 | Aeye Inc | 282.9% | Outperformed |
| 5 | Innoviz Technologies Ltd | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Ouster Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Ouster Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Ouster Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Ouster Inc |
2,486.80 | 224.24 |
 Hesai Group |
2,098.44 | 421.25 |
 Luminar Technologies Inc |
1,853.27 | 74.87 |
 Innoviz Technologies Ltd |
41.98 | 55.09 |
 Aeye Inc |
39.83 | 0.45 |
 Microvision Inc |
31.77 | -3.50 |
| SUBTOTAL | 6,552.10 | 772.41 |
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Ouster Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Ouster Inc's Competitors Named by the Company
Competitive relationships identified from Ouster Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Microvision Inc | Company report | 85% |
| Cepton Inc | Company report | 85% |
| AEye | Company report | 85% |
| Luminar Technologies | Company report | 85% |
| Innoviz Technologies | Company report | 85% |
| Hesai Technology | Company report | 85% |
| SICK | Company report | 85% |
| RoboSense | Company report | 85% |
| Pepperl+Fuchs | Company report | 85% |
| Aeva Inc. | Company report | 85% |
| Koito Manufacturing Co. Ltd. | Company report | 85% |
| Seyond | Company report | 85% |
| Quanergy | Company report | 85% |
| Velodyne | Company report | 85% |
| Benchmark Electronics, Inc. | Company report | 85% |
Company report basis, confidence, active dates and source counts for Ouster Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Ouster 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 |
|---|---|
| Ouster Inc | Reportable 100.00 % |
| Luminar Technologies Inc | Autonomy Solutions Segment 71.01 % |
| Microvision Inc | Contract Revenue 7.96 % |
Source: operating segment revenue as reported in each company's reports (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).
Ouster 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 |
|---|---|---|---|
| Ouster Inc | 2,487 | 1,167,922 | -238,281 |
| Hesai Group | 2,098 | 384,354 | 56,870 |
| Luminar Technologies Inc | 1,853 | 294,760 | -919,909 |
| Innoviz Technologies Ltd | 42 | 194,661 | -239,558 |
| Aeye Inc | 40 | 8,036 | -625,696 |
| Microvision Inc | 32 | -18,395 | -590,637 |
| PEERS TOTAL | 4,065 | 291,732 | -205,632 |
Ouster Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Ouster Inc | Americas 58.60 % |
| Hesai Group | Europe 32.34 % |
| Luminar Technologies Inc | North America 95.52 % |
| Innoviz Technologies Ltd | EMEA 81.97 % |
| Aeye Inc | North America 91.50 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Ouster Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 127 companies in Ouster Inc's industry classification, broader than the peer set above. Market cap in millions of $.Ouster Inc ranks #47 of 127 companies by market capitalization in its industry, holding 0.14 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,541, indicating a moderately concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Asml Holding Nv | 554,085 | 32.86 % |
| 2 | Lam Research Corporation | 252,775 | 14.99 % |
| 3 | Deere and Co | 181,816 | 10.78 % |
| 4 | Eaton Corporation Plc | 133,100 | 7.89 % |
| 5 | Illinois Tool Works Inc | 1,234 | 5.2% |
| 6 | Bloom Energy Corporation | 1,234 | 5.2% |
| 7 | Carrier Global Corporation | 1,234 | 5.2% |
| 8 | Ingersoll Rand Inc | 1,234 | 5.2% |
| 9 | Dover Corp | 1,234 | 5.2% |
| 10 | Woodward Inc | 1,234 | 5.2% |
| 47 | Ouster Inc | 2,296 | 0.14 % |
Market cap and industry share for the rest of Ouster Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Ouster Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 42 | Standex International Corp | 2,756 | -0.27 % |
| 43 | Sunrun Inc | 2,735 | -52.65 % |
| 44 | Quantumscape Corporation | 2,641 | -75.63 % |
| 45 | Veeco Instruments Inc | 2,484 | 20.39 % |
| 46 | Enerflex Ltd | 1,234 | 12.3% |
| 47 | Ouster Inc | 2,296 | 29.22 % |
| 48 | Hesai Group | 1,234 | 12.3% |
| 49 | Plug Power Inc | 1,234 | 12.3% |
| 50 | Enerpac Tool Group Corp | 1,234 | 12.3% |
| 51 | Spectrum Brands Holdings Inc | 1,234 | 12.3% |
| 52 | Ceco Environmental Corp | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Ouster Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Ouster Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Industrial Machinery and Components industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (176 companies). See the full Industrial Machinery and Components industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 49.16 % | 23.13 % (avg) | +26.0 pp |
| Operating Margin | -25.69 % | industry median | -37.6 pp |
| EBITDA Margin | -13.28 % | 0.84 % (avg) | -14.1 pp |
| Capital Intensity (Capex / Revenue) | 14.55 % | 7.33 % (avg) | +7.2 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.
Ouster Inc's Valuation vs Competitive Position
Valuation multiples vs the Industrial Machinery and Components industry average (176 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 Industrial Machinery and Components industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 35.0x | - |
| EV / EBITDA | - | 17.1x | - |
| P/B | 7.7x | 3.9x | +3.9x |
| Return on Equity | -12.45 % | industry aggregate | -33.06 % |
| Return on Invested Capital | -7.60 % | -0.86 % (avg) | -6.74 % |
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.
Ouster Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue Growth | - | - | 22.19 % | 100.62 % | 34.19 % | 52.49 % |
| Operating Margin | - | -296.95 % | -354.44 % | - | -94.31 % | -43.93 % |
| Return on Invested Capital | - | -19.66 % | -31.63 % | -70.50 % | -26.65 % | -15.84 % |
| 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.
Ouster Inc's Strategic Group Map
Ouster Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Ouster Inc's trailing-12-month revenue growth of 63.5% and operating margin of -25.7% compares with an average of 50.7% growth and 4.1% margin across its 8 closest peers by combined growth, margin and ROIC -- Ouster Inc sits above that peer average on growth and below it on margin.
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.
Ouster Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Ouster Inc falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 7.5% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Ouster 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 | Moderate | Industry HHI of 1,541 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 14.55 % vs industry average 7.33 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Ouster Inc's dedicated Suppliers and Customers pages, not here.
Ouster Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Ouster Inc falls in the Medium attractiveness / Medium strength cell: Selective.
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.
Ouster 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 (+5.8% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Operating margin 37.6 points below the industry median.
- Return on equity 33.1 points below the industry aggregate.
- Low relative market share vs the industry leader (0.00x).
Opportunities
- A meaningful share of competitors (40.00 %) 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: see Methodology: SWOT Analysis.
Ouster 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 |
|---|---|---|---|
| Ouster Inc | 1.60 | 4.49 | - |
| Hesai Group | 0.88 | 3.73 | 0.08 |
| Luminar Technologies Inc | 0.92 | 2.79 | - |
| Innoviz Technologies Ltd | 0.28 | 2.87 | - |
| Aeye Inc | 6.84 | 11.10 | 0.00 |
| Microvision Inc | 0.75 | 1.16 | 1.07 |
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.
Ouster 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 |
|---|---|---|---|
| Ouster Inc | Q3 2026 | +53.5 % | - |
| Hesai Group | Q4 2025 | +45.9 % | - |
| Luminar Technologies Inc | Q3 2025 | +19.7 % | - |
| Innoviz Technologies Ltd | Q4 2025 | +127.0 % | - |
| Aeye Inc | Q2 2026 | +818.2 % | - |
| Microvision Inc | Q3 2026 | +692.1 % | - |
| PEERS TOTAL | +51.5 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Ouster 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 |
|---|---|---|---|
| Ouster Inc | Q3 2026 | +54.8 % | +233.3 % |
| Hesai Group | Q4 2025 | +54.3 % | +189.9 % |
| Luminar Technologies Inc | Q3 2025 | -2.8 % | -79.7 % |
| Innoviz Technologies Ltd | Q4 2025 | +65.9 % | -3.7 % |
| Aeye Inc | Q2 2026 | +230.0 % | +1,550.0 % |
| Microvision Inc | Q3 2026 | +25.5 % | +968.0 % |
Ouster Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Ouster Inc | - | - | - |
| Hesai Group | 3.87% | 4.65% | 4.87% |
| Luminar Technologies Inc | - | - | - |
| Innoviz Technologies Ltd | - | - | - |
| Aeye Inc | - | - | - |
| Microvision 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).
Ouster Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Ouster Inc | - | 11.09 |
| Hesai Group | 4.81 | 4.98 |
| Luminar Technologies Inc | - | 24.75 |
| Innoviz Technologies Ltd | - | 0.76 |
| Aeye Inc | - | 88.51 |
| Microvision Inc | - | - |
| PEERS AVERAGE | - | 8.48 |
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.