Hesai vs Strattec Security
Strattec Security is the larger business, with $579m of revenue in fiscal 2026 against $421m for Hesai (1.4 times as much). Hesai grew faster (45.9% against 2.5%). Hesai kept more of each dollar of sales as profit: a net margin of 14.4% against 3.6%. Strattec Security carries less debt relative to equity (0.0% against 8.1%).
| Latest fiscal year | HesaiHSAI, 2025 | Strattec SecuritySTRT, 2026 |
|---|---|---|
| Revenue | $421m | $579m |
| Revenue growth | 45.9% | 2.5% |
| Net income | $60.7m | $20.6m |
| Operating margin | 5.6% | 4.6% |
| Net margin | 14.4% | 3.6% |
| Return on equity | 6.7% | 9.0% |
| Free cash flow | −$26.8m | $39.0m |
| Cash | $238m | $108m |
| Total debt | $104m | $0 |
| Debt to equity | 8.1% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $7.4m |
| Employees | — | 2,654 |
| Market value | $1.78bn | $255m |
| Price vs our value range | — | Below our value range |
| Moat score | — | 29 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 4 buys, 1 sales |