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RIVN (Rivian Automotive) Piotroski F-Score : 4 (As of Jul. 13, 2025)


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What is Rivian Automotive Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Rivian Automotive has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Rivian Automotive's Piotroski F-Score or its related term are showing as below:

RIVN' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 5
Current: 4

During the past 6 years, the highest Piotroski F-Score of Rivian Automotive was 5. The lowest was 3. And the median was 4.


Rivian Automotive Piotroski F-Score Historical Data

The historical data trend for Rivian Automotive's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Rivian Automotive Piotroski F-Score Chart

Rivian Automotive Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 5.00 3.00 4.00

Rivian Automotive Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 3.00 4.00 4.00 4.00

Competitive Comparison of Rivian Automotive's Piotroski F-Score

For the Auto Manufacturers subindustry, Rivian Automotive's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Rivian Automotive's Piotroski F-Score Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Rivian Automotive's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Rivian Automotive's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was -1457 + -1100 + -743 + -545 = $-3,845 Mil.
Cash Flow from Operations was -754 + -876 + 1183 + -188 = $-635 Mil.
Revenue was 1158 + 874 + 1734 + 1240 = $5,006 Mil.
Gross Profit was -451 + -392 + 170 + 206 = $-467 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(15734 + 15354 + 14262 + 15410 + 15505) / 5 = $15253 Mil.
Total Assets at the begining of this year (Mar24) was $15,734 Mil.
Long-Term Debt & Capital Lease Obligation was $4,869 Mil.
Total Current Assets was $10,394 Mil.
Total Current Liabilities was $2,788 Mil.
Net Income was -1195 + -1367 + -1521 + -1446 = $-5,529 Mil.

Revenue was 1121 + 1337 + 1315 + 1204 = $4,977 Mil.
Gross Profit was -412 + -477 + -606 + -527 = $-2,022 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(18191 + 17227 + 16456 + 16778 + 15734) / 5 = $16877.2 Mil.
Total Assets at the begining of last year (Mar23) was $18,191 Mil.
Long-Term Debt & Capital Lease Obligation was $4,778 Mil.
Total Current Assets was $11,314 Mil.
Total Current Liabilities was $2,401 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Rivian Automotive's current Net Income (TTM) was -3,845. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Rivian Automotive's current Cash Flow from Operations (TTM) was -635. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar24)
=-3845/15734
=-0.24437524

ROA (Last Year)=Net Income/Total Assets (Mar23)
=-5529/18191
=-0.30394151

Rivian Automotive's return on assets of this year was -0.24437524. Rivian Automotive's return on assets of last year was -0.30394151. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Rivian Automotive's current Net Income (TTM) was -3,845. Rivian Automotive's current Cash Flow from Operations (TTM) was -635. ==> -635 > -3,845 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=4869/15253
=0.31921589

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=4778/16877.2
=0.28310383

Rivian Automotive's gearing of this year was 0.31921589. Rivian Automotive's gearing of last year was 0.28310383. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar25)=Total Current Assets/Total Current Liabilities
=10394/2788
=3.72812052

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=11314/2401
=4.71220325

Rivian Automotive's current ratio of this year was 3.72812052. Rivian Automotive's current ratio of last year was 4.71220325. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Rivian Automotive's number of shares in issue this year was 1137. Rivian Automotive's number of shares in issue last year was 978. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=-467/5006
=-0.09328805

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=-2022/4977
=-0.40626884

Rivian Automotive's gross margin of this year was -0.09328805. Rivian Automotive's gross margin of last year was -0.40626884. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar24)
=5006/15734
=0.31816448

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=4977/18191
=0.27359683

Rivian Automotive's asset turnover of this year was 0.31816448. Rivian Automotive's asset turnover of last year was 0.27359683. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+1+1+0+0+0+1+1
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Rivian Automotive has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Rivian Automotive  (NAS:RIVN) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Rivian Automotive Piotroski F-Score Related Terms

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Rivian Automotive Business Description

Traded in Other Exchanges
Address
14600 Myford Road, Irvine, CA, USA, 92606
Rivian Automotive Inc is an automotive manufacturer that develops and builds electric vehicles ("EVs") as well as software and services. It launches its consumer vehicle business with the R1 platform consisting of two vehicles: the R1T, and the R1S. The company has two reportable segments: Automotive, which derives the majority of revenue, and Software and Services segment. The Automotive reportable segment derives its revenues and cost of revenues from the production and sale of new EVs and the sale of regulatory credits generated by the production and sale of EVs. The Software and services reportable segment derives its revenues and cost of revenues primarily from remarketing, vehicle repair and maintenance services, and vehicle electrical architecture and software development services.
Executives
Robert J Scaringe director, officer: Chief Executive Officer C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Claire Mcdonough officer: Chief Financial Officer C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Jeff Baker officer: Chief Accounting Officer 1221 BROADWAY, OAKLAND CA 94612
Kjell Gruner officer: Chief Commercial Officer C/O HARLEY-DAVIDSON, INC., 3700 W JUNEAU AVENUE, MILWAUKEE WI 53208
John Krafcik director C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Harald Kroeger director C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92606
Jay T Flatley director 9885 TOWNE CENTRE DR, SAN DIEGO CA 92121
Jiten Behl officer: Chief Growth Officer C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Ford Motor Co 10 percent owner ONE AMERICAN RD, DEARBORN MI 48126
Pamela Thomas-graham director C/O IDENIX PHARMACEUTICALS, INC., 60 HAMPSHIRE STREET, CAMBRIDGE MA 02139
Karen Boone director 15 KOCH ROAD, SUITE J, CORTE MADERA CA 94925
Rose M Marcario director 21101 OXNARD STREET, WOODLAND HILLS CA 91367
Peter Krawiec director C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Sanford Harold Schwartz director C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Amazon Com Inc director, 10 percent owner 410 TERRY AVENUE NORTH, SEATTLE WA 98109