RIVN Holdings, Inc. (RIVN)vs F Holdings, Inc. (F)

Quick verdict

RIVN Holdings, Inc. (RIVN) and F Holdings, Inc. (F) appeal to different investors. On our six-factor framework, RIVN scores 3 and F scores 3. F looks cheaper on the multiples that matter, while RIVN grows faster and F earns higher returns on capital. The two are evenly matched overall, so your priority — value, growth, income or safety — should decide it.

2-year relative performance

At-a-glance comparison

Business model and revenue mix

RIVN Holdings, Inc. operates in Internet Retail (Consumer Cyclical), while F Holdings, Inc. sits in Semiconductors (Technology). The two operate in different sectors, so cyclicality and end-market exposure differ — factor that into any portfolio overlap. RIVN carries a beta of 1.30 versus 1.54 for F, meaning F has historically been the more volatile of the two.

Valuation

On valuation, F is the cheaper stock. RIVN trades on a forward P/E of n/a and EV/EBITDA of 30.01, against 30.96 and 7.97 for F. Price-to-sales is 21.89 vs 4.13, and free-cash-flow yield is 1.1% vs 6.4%. A higher multiple is only justified if the company can sustain faster growth or wider margins, which is exactly what the next sections test.

Growth profile

RIVN is the faster grower. RIVN has compounded revenue at 35.2% over three years with EPS growth of 41.2%, while F has delivered 22.7% revenue and 26.5% EPS growth. Growth like this is the single biggest driver of long-term returns, but it also tends to come with a richer valuation, so it must be weighed against the multiples above.

Profitability and quality

On profitability and quality, F is stronger. RIVN posts a 1.0% operating margin, -15.0% return on equity and -5.0% return on invested capital. F posts 29.3%, 14.7% and 30.3% respectively. Return on invested capital above roughly 15% is a hallmark of a durable competitive advantage, so this metric deserves particular attention.

Balance-sheet risk

RIVN has the safer balance sheet. RIVN carries net-debt/EBITDA of -1.26x with a current ratio of 2.87, versus 3.57x and 3.39 for F. Lower leverage gives a company more room to invest through a downturn and reduces the risk of dilution or distress.

Price performance and shareholder returns

Over the past year RIVN returned 99.3% against 52.3% for F; on a three-year annualised basis it is -1.2% vs 22.3%. RIVN yields 2.1% and F yields 0.0%. Past performance never guarantees future results, but the multi-year track record shows how the market has rewarded each business so far.

Which stock fits which investor

For value-oriented investors, F is the better fit on today's multiples. Growth investors will likely prefer RIVN, which is expanding faster. Income investors should lean toward F for its higher shareholder yield, while investors who prize quality-at-a-reasonable-price will favour F for its superior returns on capital. This is a comparison of facts, not a recommendation — your time horizon, risk tolerance and existing holdings should drive the final decision.

• Value: F
• Growth: RIVN
• Income: F
• Quality: F

Frequently asked questions

Is RIVN or F the better buy right now?

Neither is universally "better." RIVN scores 3 and F scores 3 on our six-factor framework. F is cheaper, RIVN grows faster, and F is higher quality — so the right pick depends on your objective.

Which stock is cheaper, RIVN or F?

F is the cheaper stock across forward P/E (n/a vs 30.96), EV/EBITDA (30.01 vs 7.97) and price-to-sales (21.89 vs 4.13).

Which has grown faster, RIVN or F?

RIVN has the stronger growth profile, with three-year revenue CAGR of 35.2% for RIVN versus 22.7% for F.

Which stock pays a bigger dividend?

RIVN yields 2.1% and F yields 0.0%, so F is the stronger income choice.

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