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Lucid Group vs Lotus Technology

Lucid Group is the larger business, with $1.35bn of revenue in fiscal 2025 against $519m for Lotus Technology (2.6 times as much). Lucid Group grew faster (67.6% against -43.8%). Lotus Technology kept more of each dollar of sales as profit: a net margin of -89.4% against -199.3%.

Latest fiscal yearLucid GroupLCID, 2025Lotus TechnologyLOT, 2025
Revenue $1.35bn $519m
Revenue growth 67.6% -43.8%
Net income −$2.70bn −$464m
Operating margin -258.7% -81.5%
Net margin -199.3% -89.4%
Return on equity -117.6% —
Free cash flow −$3.80bn −$413m
Cash $998m $73.4m
Total debt $2.72bn $1.39bn
Debt to equity 379.0% —
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees 9,000 —
Market value $1.20bn $192m
Price vs our value range — —
Moat score 8 (Weak) —
Insider trades, 12 months 0 buys, 4 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.