Canoo Profit Margin

Canoo (GOEVQ) currently reports a profit margin of -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 4.34%. Use the charts on this page to explore Canoo's profit margin history and peer comparisons.

Canoo's profit margin increased from -69422.93% to -7559.53% — a 89.1% year-over-year increase (period ending September 2024). Watching multi-year history on the chart below helps separate one-off swings from a lasting trend.

Canoo's profit margin of -7559.53% is lower than the Consumer Discretionary sector average of 4.34%. That is roughly 174255.5% below the sector mean. A reading lower peers can reflect different growth expectations, capital structure, or profitability — so it is worth checking the peer comparison chart before drawing conclusions.

There is no universal 'good' profit margin, but Canoo's current -7559.53% should be judged against Consumer Discretionary norms (sector average: 4.34%) and against GOEVQ's own history. Strong, stable readings often indicate durable competitive advantage; volatile or declining ones deserve a closer look at margins and capital efficiency.

Start with the current profit margin of -7559.53%, then check the historical chart for trend and the peer comparison chart for relative positioning. The Consumer Discretionary average is 4.34%. From there, open related valuation or income-statement pages for Canoo, and consider following GOEVQ for alerts when major investors trade the stock.