Luminar Technologies Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Luminar Technologies Inc (LAZR) 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: Luminar Technologies Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 75M vs 204M combined for tracked competitors (26.9% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-4.3% annualized vs trailing 12 months), vs decelerating (-24.0%) for its tracked peer group.
- Growth: Luminar Technologies Inc generated 19.7% revenue growth year over year in Q3 2025, vs 39.3% for its tracked competitors combined.
- Profitability: Its -479.1% net margin compares with -56.2% for the peer group.
- Peer revenue share: Luminar Technologies Inc accounted for 31.7% of combined revenue among its tracked peer group, down from 35.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.29M compares with $0.54M 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).
LAZR Sales vs. its Competitors, Q3 2025
Luminar Technologies Inc reported revenue growth of 19.72 % year on year in Q3 2025, below its competitors' combined revenue growth of 39.29 %.
With a net margin of -479.07 %, Luminar Technologies Inc reported lower profitability than its competitors (-56.22 %).
Luminar Technologies Inc generated 31.67 % of the combined sales of its peer group, down from 35.04 % a year earlier.
Luminar Technologies Inc vs. its Competitors, Q3 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 Luminar Technologies Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Luminar Technologies 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 Luminar Technologies Inc's competitor groups requires a Commercial License.
For context: the Auto & Truck Parts industry grew revenue 4.6% year over year, combined, vs 19.7% for Luminar Technologies Inc. Luminar Technologies Inc's share of combined industry revenue moved from 0.01% to 0.01%, a gain of 0.00 percentage points.
Luminar 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 |
|---|---|---|---|---|
| Luminar Technologies Inc | - | - | - | Yes |
| Competitors combined (2) | ||||
| High-Confidence Competitors (7) |
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.
LAZR Stock Performance relative to its Competitors
LAZR 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 | Ouster Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Luminar Technologies Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Luminar Technologies Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Luminar Technologies Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Luminar Technologies Inc | 2,995.03 | 74.87 |
| Ouster Inc | 2,699.01 | 203.58 |
| Cepton Inc | 52.15 | 17.87 |
| SUBTOTAL | 5,746.19 | 296.32 |
Sources: Luminar 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 Luminar Technologies Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Luminar 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 |
|---|---|---|
| Ouster Inc | Named by the company | 85% |
| Cepton Inc | Named by the company | 85% |
| Ford/Argo | Named by the company | 85% |
| TuSimple | Named by the company | 85% |
| Aurora | Named by the company | 85% |
| Aurora | Named by the company | 85% |
| Intel/Mobileye | Named by the company | 85% |
| GM/Cruise | Named by the company | 85% |
| Volvo Cars | Named by the company | 85% |
| EM4, LLC | Named by the company | 85% |
| NVIDIA | Named by the company | 85% |
| Amazon/Zoox | Named by the company | 85% |
| Google/Waymo | Named by the company | 85% |
| Microvision Inc | Named by the company | 85% |
| Bots Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Luminar 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.
Luminar 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 |
|---|---|
| Luminar Technologies Inc | Autonomy Solutions Segment 71.01 % |
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).
Luminar 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 |
|---|---|---|---|
| Luminar Technologies Inc | 2,995 | 294,760 | -919,909 |
| Ouster Inc | 2,699 | 1,060,286 | -277,745 |
| Cepton Inc | 52 | 81,236 | -126,645 |
| PEERS TOTAL | 2,751 | 537,493 | -197,061 |
Luminar 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 |
|---|---|
| Luminar Technologies Inc | North America 95.52 % |
| Ouster Inc | Americas 68.56 % |
| Cepton Inc | Japan 67.28 % |
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.
Luminar Technologies Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 52 companies in Luminar Technologies Inc's industry classification, broader than the peer set above. Market cap in millions of $.Luminar Technologies Inc ranks #0 of 52 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,190, indicating a unconcentrated 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 | Cummins Inc | 72,399 | 30.24 % |
| 2 | Magna International Inc | 18,337 | 7.66 % |
| 3 | Genuine Parts Co | 17,713 | 7.40 % |
| 4 | Borgwarner Inc | 12,741 | 5.32 % |
| 5 | Bwx Technologies Inc | 1,234 | 5.2% |
| 6 | Modine Manufacturing Co | 1,234 | 5.2% |
| 7 | Allison Transmission Holdings Inc | 1,234 | 5.2% |
| 8 | Aptiv Plc | 1,234 | 5.2% |
| 9 | Autoliv Inc | 1,234 | 5.2% |
| 10 | Lear Corp | 1,234 | 5.2% |
| 0 | Luminar Technologies Inc | 2,578 | 0.00 % |
Market cap and industry share for the rest of Luminar 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 2026-09-28.
Luminar 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | - | - | - | - | 27.40 % | 70.30 % | 8.66 % | - |
| Operating Margin | - | - | - | -671.65 % | -1,087.04 % | -812.74 % | -577.66 % | - |
| Return on Invested Capital | - | - | - | -18.93 % | -57.92 % | -156.27 % | -549.23 % | - |
| 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.
Luminar 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 | High | Industry HHI of 1,190 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Luminar Technologies Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Luminar 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.
Luminar 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
- Latest-quarter revenue run-rate is decelerating (-4.3% annualized vs trailing 12 months).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-24.0% 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.
Luminar 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 |
|---|---|---|---|
| Luminar Technologies Inc | 0.92 | 2.79 | - |
| Ouster Inc | 1.49 | 3.56 | - |
| Cepton Inc | 6.15 | 7.12 | - |
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.
Luminar 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 |
|---|---|---|---|
| Luminar Technologies Inc | Q3 2025 | +19.7 % | - |
| Ouster Inc | Q2 2026 | +56.8 % | - |
| Cepton Inc | Q3 2024 | -85.7 % | - |
| PEERS TOTAL | +36.3 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Luminar 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 |
|---|---|---|---|
| Luminar Technologies Inc | Q3 2025 | -2.8 % | -79.7 % |
| Ouster Inc | Q2 2026 | +47.1 % | +197.9 % |
| Cepton Inc | Q3 2024 | -81.2 % | - |
Luminar Technologies Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Luminar Technologies Inc | - | - | - |
| Ouster Inc | - | - | - |
| Cepton 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).
Luminar 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 |
|---|---|---|
| Luminar Technologies Inc | - | 40.00 |
| Ouster Inc | - | 13.26 |
| Cepton Inc | - | 2.92 |
| PEERS AVERAGE | - | 19.39 |
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.