FARO (FARO) Revenue & Revenue Breakdown
FARO Revenue Highlights
Latest Revenue (Y)
$358.83M
Latest Revenue (Q)
$82.08M
Main Segment (Y)
Product Sales
Main Geography (Y)
North America
FARO Revenue by Period
FARO Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $358.83M | 3.78% |
| 2022-12-31 | $345.76M | 2.35% |
| 2021-12-31 | $337.81M | 11.21% |
| 2020-12-31 | $303.77M | -20.43% |
| 2019-12-31 | $381.76M | -5.42% |
| 2018-12-31 | $403.63M | 11.83% |
| 2017-12-31 | $360.92M | 10.85% |
| 2016-12-31 | $325.58M | 2.53% |
| 2015-12-31 | $317.55M | -7.10% |
| 2014-12-31 | $341.83M | 17.15% |
| 2013-12-31 | $291.78M | 6.73% |
| 2012-12-31 | $273.39M | 7.57% |
| 2011-12-31 | $254.16M | 32.53% |
| 2010-12-31 | $191.78M | 29.84% |
| 2009-12-31 | $147.70M | -29.41% |
| 2008-12-31 | $209.25M | 9.20% |
| 2007-12-31 | $191.62M | 25.73% |
| 2006-12-31 | $152.41M | 21.35% |
| 2005-12-31 | $125.59M | 29.45% |
| 2004-12-31 | $97.02M | 35.15% |
| 2003-12-31 | $71.79M | 55.23% |
| 2002-12-31 | $46.25M | 31.71% |
| 2001-12-31 | $35.11M | -13.20% |
| 2000-12-31 | $40.45M | 22.19% |
| 1999-12-31 | $33.11M | 20.38% |
| 1998-12-31 | $27.50M | 17.02% |
| 1997-12-31 | $23.50M | 60.96% |
| 1996-12-31 | $14.60M | - |
FARO generated $358.83M in revenue during NA 2023, up 3.78% compared to the previous quarter, and up 88.90% compared to the same period a year ago.
FARO Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $82.08M | -2.56% |
| 2024-03-31 | $84.24M | -14.77% |
| 2023-12-31 | $98.84M | 13.85% |
| 2023-09-30 | $86.81M | -1.58% |
| 2023-06-30 | $88.21M | 3.82% |
| 2023-03-31 | $84.97M | -18.19% |
| 2022-12-31 | $103.86M | 21.71% |
| 2022-09-30 | $85.33M | 6.78% |
| 2022-06-30 | $79.92M | 4.25% |
| 2022-03-31 | $76.66M | -23.50% |
| 2021-12-31 | $100.20M | 26.57% |
| 2021-09-30 | $79.17M | -3.58% |
| 2021-06-30 | $82.11M | 7.57% |
| 2021-03-31 | $76.33M | -17.88% |
| 2020-12-31 | $92.95M | 31.41% |
| 2020-09-30 | $70.74M | 16.80% |
| 2020-06-30 | $60.56M | -23.83% |
| 2020-03-31 | $79.52M | -23.65% |
| 2019-12-31 | $104.14M | 15.05% |
| 2019-09-30 | $90.52M | -3.18% |
| 2019-06-30 | $93.49M | -0.13% |
| 2019-03-31 | $93.62M | -17.04% |
| 2018-12-31 | $112.84M | 13.18% |
| 2018-09-30 | $99.70M | 1.49% |
| 2018-06-30 | $98.24M | 5.83% |
| 2018-03-31 | $92.83M | -12.77% |
| 2017-12-31 | $106.42M | 17.92% |
| 2017-09-30 | $90.25M | 9.15% |
| 2017-06-30 | $82.68M | 1.37% |
| 2017-03-31 | $81.56M | -11.05% |
| 2016-12-31 | $91.70M | 15.20% |
| 2016-09-30 | $79.60M | 1.35% |
| 2016-06-30 | $78.54M | 3.68% |
| 2016-03-31 | $75.75M | -17.06% |
| 2015-12-31 | $91.33M | 25.96% |
| 2015-09-26 | $72.51M | -13.45% |
| 2015-06-27 | $83.78M | 19.78% |
| 2015-03-28 | $69.94M | -32.85% |
| 2014-12-31 | $104.15M | 26.65% |
| 2014-09-27 | $82.24M | 0.22% |
| 2014-06-28 | $82.06M | 11.84% |
| 2014-03-29 | $73.37M | -18.38% |
| 2013-12-31 | $89.89M | 31.83% |
| 2013-09-28 | $68.19M | -0.20% |
| 2013-06-29 | $68.33M | 4.53% |
| 2013-03-30 | $65.37M | -18.97% |
| 2012-12-31 | $80.67M | 32.83% |
| 2012-09-29 | $60.73M | -9.03% |
| 2012-06-30 | $66.76M | 2.35% |
| 2012-03-31 | $65.23M | -15.37% |
| 2011-12-31 | $77.08M | 18.94% |
| 2011-10-01 | $64.81M | 8.53% |
| 2011-07-02 | $59.71M | 13.59% |
| 2011-04-02 | $52.57M | -10.17% |
| 2010-12-31 | $58.52M | 29.21% |
| 2010-10-02 | $45.29M | -0.92% |
| 2010-07-03 | $45.70M | 8.13% |
| 2010-04-03 | $42.27M | -8.16% |
| 2009-12-31 | $46.03M | 28.88% |
| 2009-10-03 | $35.71M | 3.47% |
| 2009-07-04 | $34.52M | 9.75% |
| 2009-04-04 | $31.45M | -44.16% |
| 2008-12-31 | $56.31M | 14.71% |
| 2008-09-27 | $49.09M | -14.99% |
| 2008-06-28 | $57.75M | 25.30% |
| 2008-03-29 | $46.09M | -22.18% |
| 2007-12-31 | $59.23M | - |
FARO generated $82.08M in revenue during Q2 2024, up -2.56% compared to the previous quarter, and up 96.61% compared to the same period a year ago.
FARO Revenue Breakdown
FARO Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 18 |
|---|---|---|---|---|
| Service Sales | $80.26M | - | - | - |
| Product Sales | $278.57M | - | - | - |
| Product | - | $265.28M | $251.10M | - |
| Service | - | $80.48M | $86.71M | - |
| Government Contract | - | - | - | $53.50M |
FARO's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product Sales (77.63%), and Service Sales (22.37%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Product | $63.54M | $66.91M | $67.60M | $65.24M | $83.27M | $65.58M | $59.70M | $56.73M | $78.36M | $57.84M | $60.27M | $54.63M | $71.72M | $48.08M | $42.26M | $56.52M | $89.25M | $63.64M | $67.99M | $68.80M |
| Service | $20.71M | $19.90M | $20.61M | $19.73M | $20.59M | $19.75M | $20.21M | $19.93M | $21.85M | $21.33M | $21.84M | $21.70M | $21.23M | $22.65M | $18.30M | $22.99M | $14.90M | $26.88M | $25.50M | $24.82M |
FARO's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Product (75.42%), and Service (24.58%).
FARO Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| EMEA Other | $60.34M | $56.69M | - | - | - |
| CHINA | $34.42M | $43.11M | $40.81M | $31.75M | $32.93M |
| Asia And Other | $27.74M | $28.40M | $26.03M | $46.81M | $27.43M |
| Americas Other Than U S | $18.63M | $17.23M | $12.97M | $9.06M | $14.11M |
| JAPAN | $21.10M | $21.66M | $26.00M | $5.00M | $33.36M |
| North America | $148.64M | $137.19M | $127.66M | - | - |
| GERMANY | $47.95M | $41.48M | $48.77M | $46.17M | $52.08M |
| Europe And Other | - | - | $55.58M | $45.22M | $70.20M |
| UNITED STATES | - | - | - | $119.77M | $151.65M |
FARO's latest annual revenue breakdown by geography, as of Dec 23: North America (41.42%), EMEA Other (16.82%), GERMANY (13.36%), CHINA (9.59%), Asia And Other (7.73%), JAPAN (5.88%), and Americas Other Than U S (5.19%).
Quarterly Revenue by Country
| Country | Mar 24 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EMEA | $25.43M | $25.62M | $24.86M | $24.16M | $31.68M | $22.80M | $21.55M | $22.14M | $29.04M | $23.39M | $26.47M | $25.45M | $30.33M | $20.65M | $16.72M | $23.69M | $34.73M | $26.42M | $30.03M | $31.10M |
| Americas | $37.23M | $41.03M | $41.36M | $42.34M | $44.34M | $38.73M | $34.67M | $36.68M | $40.44M | $33.94M | $33.70M | $32.55M | - | - | - | - | - | - | - | - |
| Asia Pacific | $21.58M | $20.16M | $22.00M | $18.46M | $27.83M | $23.80M | $23.70M | $17.84M | $30.73M | $21.84M | $21.93M | $18.33M | - | - | - | - | - | - | - | - |
| Other Americas | - | - | - | - | - | - | - | - | - | - | - | - | $3.22M | $2.00M | $1.33M | $2.50M | $3.77M | $3.06M | $3.95M | $3.33M |
| CHINA | - | - | - | - | - | - | - | - | - | - | - | - | $11.76M | $7.76M | $7.49M | $4.75M | $7.93M | $7.75M | $8.96M | - |
| APAC | - | - | - | - | - | - | - | - | - | - | - | - | $14.27M | $11.46M | $10.58M | $15.49M | $14.25M | $16.12M | $15.39M | $23.34M |
| UNITED STATES | - | - | - | - | - | - | - | - | - | - | - | - | $33.37M | $28.86M | $24.45M | $33.09M | $43.47M | $37.17M | $35.16M | $35.85M |
FARO's latest quarterly revenue breakdown by geography, as of Mar 24: Americas (44.19%), EMEA (30.19%), and Asia Pacific (25.62%).
FARO Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| FTV | Fortive | $6.07B | $1.55B |
| TDY | Teledyne | $5.64B | $1.35B |
| ST | Sensata Technologies | $4.05B | $1.04T |
| MKSI | MKS Instruments | $3.62B | $887.00M |
| VNT | Vontier | $3.10B | $696.40M |
| ITRI | Itron | $2.17B | $609.07M |
| ESE | ESCO | $956.03M | $260.78M |
| NOVT | Novanta | $881.66M | $235.86M |
| BMI | Badger Meter | $703.59M | $216.66M |
| COHR | Coherent | $402.00M | $1.21T |
| FARO | FARO | $358.83M | $82.08M |
| VPG | Vishay Precision Group | $355.05M | $77.36M |
| SOTK | Sono-Tek | $19.70M | $5.03M |
| MLAB | Mesa Laboratories | - | $58.17M |
FARO Revenue FAQ
What is FARO’s yearly revenue?
FARO's yearly revenue for 2023 was $358.83M, representing an increase of 3.78% compared to 2022. The company's yearly revenue for 2022 was $345.76M, representing an increase of 2.35% compared to 2021. FARO's yearly revenue for 2021 was $337.81M, representing an increase of 11.21% compared to 2020.
What is FARO’s quarterly revenue?
FARO's quarterly revenue for Q2 2024 was $82.08M, a -2.56% decrease from the previous quarter (Q1 2024), and a -6.94% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $84.24M, a -14.77% decrease from the previous quarter (Q4 2023), and a -0.85% decrease year-over-year (Q1 2023). FARO's quarterly revenue for Q4 2023 was $98.84M, a 13.85% increase from the previous quarter (Q3 2023), and a -4.83% decrease year-over-year (Q4 2022).
What is FARO’s revenue growth rate?
FARO's revenue growth rate for the last 3 years (2021-2023) was 6.22%, and for the last 5 years (2019-2023) was -6.01%.
What are FARO’s revenue streams?
FARO's revenue streams in c 23 are Service Sales, and Product Sales. Service Sales generated $80.26M in revenue, accounting 22.37% of the company's total revenue Product Sales generated $278.57M in revenue, accounting 77.63% of the company's total revenue
What is FARO’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of FARO was Product Sales. This segment made a revenue of $278.57M, representing 77.63% of the company's total revenue.