LYFTLyft, Inc.
Is the business good?
The checks split: margins widening and elite returns on assets, but 3 of 9 health tests passed.
Weak, deteriorating fundamentals. Nine pass/fail tests of year-over-year health from the filings.
Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.
High-quality, exceptional returns on the assets themselves, not leverage. ROE 76% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is LYFT?
Lyft, Inc. earns −4.2% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 13 points below what the capital costs: growth destroys value
- Operating margin
- −1.8%
Operating margin · Software - Application median 6.4% · 12 months to Q2 2026
- Share count, year on year
- −8.7%
Share count, year on year · bought back, each share owns more of the company
- R&D as % of revenue
- 7.0%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | −76% |
| FY2021 | −35% |
| FY2022 | −36% |
| FY2023 | −11% |
| FY2024 | −2.1% |
| FY2025 | −3.0% |
Details›
- Gross margin12 months to Q2 2026
- 46%
- Operating margin12 months to Q2 2026
- −1.8%
- Net margin12 months to Q2 2026
- 42%
- R&D as % of revenue
- 7.0%
- Revenue, trailing twelve months
- $6.77B
- Net income, trailing twelve months
- $2.87B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −4.2%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Software, Application
Ranks #88 of 96 by RyuScore