Canoo Profit Margin

The latest profit margin for GOEV is -7559.53% as of September 2024. That compares with -69422.93% in the prior-year period — up 89.1% year over year. That is below the Consumer Discretionary sector average of 10.25%. Investors often review this figure alongside Canoo's historical trend and sector peers before judging valuation or financial health.

Over the past year, GOEV's profit margin moved from -69422.93% to -7559.53% — a 89.1% year-over-year increase. If the trend continues in the same direction for several quarters, it can signal a meaningful shift in Canoo's valuation or profitability profile.

Against Consumer Discretionary companies, GOEV currently prints -7559.53% for profit margin, while the sector average sits near 10.25%. That is roughly 73836.7% below the sector mean. Large gaps often invite a closer look at Canoo's growth, margins, and balance sheet.

Profit Margin shows how effectively Canoo converts resources into returns. At -7559.53%, GOEV may look efficient or underperforming depending on peer benchmarks and trend direction. That compares with -69422.93% in the prior-year period — up 89.1% year over year. Pair the percentage with revenue growth and leverage for a fuller health check.

After noting GOEV's profit margin (-7559.53%), review year-over-year change from -69422.93%, peer averages, and a few neighboring metrics such as revenue, margins, or valuation multiples. That combination usually beats staring at a single figure. The navigation links on this page jump you to those related views.