Canoo Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Canoo Inc (GOEV) 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: Canoo Inc vs Its Competitors
- Growth: Canoo Inc generated 71.7% revenue growth year over year in Q3 2024, vs -82.3% for its tracked competitors combined.
- Profitability: Its 504.3% net margin compares with -26,284.1% for the peer group.
- Peer revenue share: Canoo Inc accounted for 74.7% of combined revenue among its tracked peer group, up from 23.4% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
GOEV Sales vs. its Competitors, Q3 2024
Canoo Inc reported revenue growth of 71.68 % year on year in Q3 2024, above its competitors' combined revenue change of -82.27 %.
With a net margin of 504.26 %, Canoo Inc achieved higher profitability than its competitors (-26,284.10 %).
Canoo Inc generated 74.69 % of the combined sales of its peer group, up from 23.36 % a year earlier.
Canoo Inc vs. its Competitors, Q3 2024
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 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 Canoo Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Canoo Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (2) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Canoo Inc's competitor groups requires a Commercial License.
For context: the Auto & Truck Parts industry grew revenue 4.6% year over year, combined, vs 71.7% for Canoo Inc. Canoo Inc's share of combined industry revenue moved from 0.00% to 0.00%, a gain of 0.00 percentage points.
Canoo 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 |
|---|---|---|---|---|
| Canoo Inc | - | - | - | Yes |
| Competitors combined (3) | ||||
| High-Confidence Competitors (2) | - | - |
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.
GOEV Stock Performance relative to its Competitors
GOEV 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 | Faraday Future Intelligent Electric Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Canoo Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Canoo Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Canoo Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Canoo Inc | 34.41 | - |
| Envirotech Vehicles Inc | 25.88 | 8.04 |
| Senmiao Technology Limited | 8.99 | 1.98 |
| Faraday Future Intelligent Electric Inc | - | -0.01 |
| SUBTOTAL | 69.28 | 10.02 |
Sources: Canoo 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 Canoo Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Canoo 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 |
|---|---|---|
| Envirotech Vehicles Inc | Named by the company | 85% |
| Faraday Future Intelligent Electric Inc | Named by the company | 85% |
| FFIE | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Canoo 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.
Canoo 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 |
|---|---|
| Envirotech Vehicles Inc | Medical Supplies 100.00 % |
| Senmiao Technology Limited | Single Reportable Segment 100.00 % |
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).
Canoo 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 |
|---|---|---|---|
| Canoo Inc | 34 | - | -276,238 |
| Envirotech Vehicles Inc | 26 | 27,454 | -104,328 |
| Senmiao Technology Limited | 9 | 70,801 | -1,358,740 |
| Faraday Future Intelligent Electric Inc | - | -28 | -1,192,389 |
| PEERS TOTAL | 35 | 16,451 | -676,553 |
Canoo Inc's Valuation vs Competitive Position
Valuation multiples vs the Auto & Truck Parts industry average (79 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.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 22.2x | - |
| EV / EBITDA | - | 13.9x | - |
| P/B | 0.5x | 2.6x | -2.1x |
| Return on Equity | -64.84 % | industry aggregate | -79.69 % |
| Return on Invested Capital | -40.22 % | 1.99 % (avg) | -42.21 % |
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.
Canoo 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 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenue Growth | - | - | - | - |
| Operating Margin | - | - | - | - |
| Return on Invested Capital | - | -43.78 % | -104.22 % | -47.89 % |
| 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.
Canoo 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
No rule matched.
Weaknesses
- Return on equity 79.7 points below the industry aggregate.
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- A meaningful share of tracked competitors (66.70 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-87.9% annualized).
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.
Canoo 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 |
|---|---|---|---|
| Canoo Inc | 0.02 | 0.16 | 0.24 |
| Envirotech Vehicles Inc | 0.03 | 0.40 | - |
| Senmiao Technology Limited | 0.27 | 0.32 | - |
| Faraday Future Intelligent Electric Inc | 0.20 | 0.41 | - |
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.
Canoo 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 |
|---|---|---|---|
| Canoo Inc | Q3 2024 | +71.7 % | - |
| Envirotech Vehicles Inc | Q2 2026 | +391.1 % | - |
| Senmiao Technology Limited | Q2 2026 | -58.0 % | - |
| Faraday Future Intelligent Electric Inc | Q2 2026 | - | - |
| PEERS TOTAL | +311.4 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Canoo 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 |
|---|---|---|---|
| Canoo Inc | Q3 2024 | -81.2 % | -75.5 % |
| Envirotech Vehicles Inc | Q2 2026 | +29.6 % | - |
| Senmiao Technology Limited | Q2 2026 | -54.9 % | - |
| Faraday Future Intelligent Electric Inc | Q2 2026 | -55.6 % | -65.9 % |
Canoo Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Canoo Inc | - | - | - |
| Envirotech Vehicles Inc | - | - | - |
| Senmiao Technology Limited | - | - | - |
| Faraday Future Intelligent Electric 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).
Canoo Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Canoo Inc | - | - |
| Envirotech Vehicles Inc | 0.45 | 3.22 |
| Senmiao Technology Limited | - | 4.53 |
| Faraday Future Intelligent Electric Inc | - | - |
| PEERS AVERAGE | - | 6.92 |
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.