Is the business good?
How good a business is OUST?
Ouster, Inc. earns −45% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−45%
Return on invested capital · cost of capital 9.0% · 54 points below what the capital costs: growth destroys value
- Operating margin
- −31%
Operating margin · Electronic Components median 9.6% · 12 months to Q2 2026
- Share count, year on year
- +21%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 33%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | −274% |
| FY2021 | −297% |
| FY2022 | −354% |
| FY2023 | −448% |
| FY2024 | −94% |
| FY2025 | −44% |
Details›
- Gross margin12 months to Q2 2026
- 50%
- Operating margin12 months to Q2 2026
- −31%
- Net margin12 months to Q2 2026
- −26%
- Free cash flow margin
- −40%
- R&D as % of revenue
- 33%
- Revenue, trailing twelve months
- $205M
- Free cash flow, trailing twelve months
- −$82M
- Net income, trailing twelve months
- −$53M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −45%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Electronic Components
Ranks #5 of 23 by Smart Score