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US maker of premium battery-electric sedans (Air) and SUVs (Gravity), majority-owned by Saudi Arabia's PIF.
US maker of premium battery-electric sedans (Air) and SUVs (Gravity), majority-owned by Saudi Arabia's PIF.
Earns from selling and leasing its own cars, plus technology supply such as the powertrain deal with Aston Martin. Its majority owner, Saudi Arabia's Public Investment Fund (PIF), supplies capital for the build-out, including a factory in Arizona and an assembly plant in Saudi Arabia, and a Saudi government agreement supports vehicle demand.
Moat: narrow (IP / patents, process know-how). Industry-leading EV efficiency and range engineering, but small scale and reliant on PIF funding.
Headquarters: Newark, California, United States · Founded: 2007 · Employees: 9,000
Size Lucid (LCID) is a United States Consumer Discretionary company (Motor Vehicles) with a market value of $1.30B, the 2082nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $3.29 on 6 Nov 2026.
Performance Over six months the shares fell 48.1%, against -15.9% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue grew 66.5% over the last twelve months (peer median +11.5%); the operating margin is -259.0% (peer median 1.9%).
Valuation It trades at 4.6× enterprise value to sales against a peer median of 1.4× (4th most expensive of 20).
Capital Return on invested capital runs 63.8 points below its cost of capital (6.3% WACC).
Credit Lucid has 3 bonds outstanding ($2.28B).
Short interest Short interest is 25.3% of the free float (15 Oct 2026).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.55B | $1.35B | $808M | $595M | $608M |
| Revenue growth | — | +68% | +36% | -2% | — |
| Gross profit | -$1.49B | -$1.26B | -$923M | -$1.34B | -$1.04B |
| EBITDA | -$3.53B | -$3.05B | -$2.71B | -$2.84B | -$2.39B |
| Net income | -$3.86B | -$2.70B | -$2.71B | -$2.83B | -$1.30B |
| Free cash flow | -$5.13B | -$3.83B | -$2.91B | -$3.40B | -$3.30B |
| Capital expenditure | $1.03B | $868M | $884M | $911M | $1.07B |
| Total debt | $3.66B | $3.20B | $2.48B | $2.43B | $2.35B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Lucid LCID | $1.30B | -48% | +67% | -259% | 4.6× | n/a |
| Tesla TSLA | $1.42T | -16% | +8% | 4% | 13.4× | n/a |
| Rivian Automotive RIVN | $19.9B | -4% | +11% | -53% | 3.1× | n/a |
| Mercedes-Benz MBG.DE | $44.9B | -19% | -7% | 5% | 0.9× | 4.5% |
| Bayerische Motoren Werke BMW.DE | $40.3B | -22% | -6% | 6% | 1.1× | n/a |
| Porsche P911.DE | $47.8B | 0% | -10% | 6% | 1.3× | 17.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LCID | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.9% | -0.5% | 3rd lowest of 21 |
| 6-month return | -48.1% | -15.9% | 2nd lowest of 20 |
| Distance from 52-week high | -81.8% | -37.6% | lowest of 21 |
| Revenue growth (TTM) | +66.5% | +11.5% | highest of 21 |
| Operating margin | -259.0% | 1.9% | lowest of 21 |
| EV / Sales | 4.6× | 1.4× | 4th most expensive of 20 |
| ROIC minus cost of capital | -63.8 pp | -2.6 pp | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lucid LCID | United States | $1.30B | -48% | +67% | -259% | 4.6× | n/a | n/a |
| Tianjin FUJI-TA Bicycle Industrial 603468.SS | China | $1.19B | n/a | +3% | 8% | 1.1× | 13.5% | +4.9% |
| Sanyang Motor 2206.TW | Taiwan | $1.43B | +8% | -3% | 8% | 1.4× | 1.2% | +9.0% |
| Brilliance China Automotive 1114.HK | Hong Kong | $1.15B | -40% | +18% | -30% | 1.9× | n/a | n/a |
| Tianrun Industry Technology 002283.SZ | China | $1.14B | -39% | +31% | 9% | 1.7× | 6.1% | -1.7% |
| Dongfeng Automobile 600006.SS | China | $1.53B | -24% | -5% | -13% | 1.3× | n/a | n/a |
| Aerosun 600501.SS | China | $1.10B | -28% | +10% | -5% | 3.3× | n/a | n/a |
| Giant Manufacturing 9921.TW | Taiwan | $1.06B | +29% | -15% | 2% | 0.6× | 1.3% | -3.0% |
| Xuzhou Handler Special Vehicle 300201.SZ | China | $1.64B | -9% | +18% | 22% | 5.4× | 22.0% | -3.3% |
| Jiangling Motors 000550.SZ | China | $1.70B | -12% | +7% | 1% | n/a | n/a | n/a |
| Xiamen King Long Motor 600686.SS | China | $967M | -42% | -3% | 2% | 0.4× | -1.1% | +12.0% |
| Ola Electric Mobility OLAELEC.NS | India | $1.81B | -3% | -49% | -83% | 9.1× | n/a | n/a |
| Blue Bird BLBD | United States | $1.82B | -18% | +13% | 12% | 1.1× | 3.7% | +11.0% |
| Breton Technology 1333.HK | Hong Kong | $915M | +5% | +16% | -24% | 9.1× | n/a | n/a |
| Shanghai New Power Automotive Technology 600841.SS | China | $914M | -39% | +15% | -5% | 0.7× | 2.1% | -23.6% |
| Zhejiang Qianjiang Motorcycle 000913.SZ | China | $896M | -16% | 0% | 2% | 0.8× | n/a | n/a |
| Olectra Greentech OLECTRA.NS | India | $891M | -19% | +38% | 12% | 3.3× | n/a | n/a |
| Zhejiang Taotao Vehicles 301345.SZ | China | $1.91B | -54% | +53% | 25% | 2.3× | 2.2% | +23.3% |
| Guangdong Lvtong New Energy Electric Vehicle Tech 301322.SZ | China | $869M | +5% | +63% | -3% | 4.3× | n/a | n/a |
| China Motor 2204.TW | Taiwan | $867M | -4% | +6% | 4% | 0.9× | 3.7% | +0.8% |
| Aebi Schmidt AEBI | United States | $867M | -3% | +49% | 6% | 0.7× | 11.9% | n/a |
Lucid has 3 bonds outstanding with $2.28B face value.