FARO (FARO) Revenue & Revenue Breakdown


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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

DateRevenueChange
2023-12-31$358.83M3.78%
2022-12-31$345.76M2.35%
2021-12-31$337.81M11.21%
2020-12-31$303.77M-20.43%
2019-12-31$381.76M-5.42%
2018-12-31$403.63M11.83%
2017-12-31$360.92M10.85%
2016-12-31$325.58M2.53%
2015-12-31$317.55M-7.10%
2014-12-31$341.83M17.15%
2013-12-31$291.78M6.73%
2012-12-31$273.39M7.57%
2011-12-31$254.16M32.53%
2010-12-31$191.78M29.84%
2009-12-31$147.70M-29.41%
2008-12-31$209.25M9.20%
2007-12-31$191.62M25.73%
2006-12-31$152.41M21.35%
2005-12-31$125.59M29.45%
2004-12-31$97.02M35.15%
2003-12-31$71.79M55.23%
2002-12-31$46.25M31.71%
2001-12-31$35.11M-13.20%
2000-12-31$40.45M22.19%
1999-12-31$33.11M20.38%
1998-12-31$27.50M17.02%
1997-12-31$23.50M60.96%
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

DateRevenueChange
2024-06-30$82.08M-2.56%
2024-03-31$84.24M-14.77%
2023-12-31$98.84M13.85%
2023-09-30$86.81M-1.58%
2023-06-30$88.21M3.82%
2023-03-31$84.97M-18.19%
2022-12-31$103.86M21.71%
2022-09-30$85.33M6.78%
2022-06-30$79.92M4.25%
2022-03-31$76.66M-23.50%
2021-12-31$100.20M26.57%
2021-09-30$79.17M-3.58%
2021-06-30$82.11M7.57%
2021-03-31$76.33M-17.88%
2020-12-31$92.95M31.41%
2020-09-30$70.74M16.80%
2020-06-30$60.56M-23.83%
2020-03-31$79.52M-23.65%
2019-12-31$104.14M15.05%
2019-09-30$90.52M-3.18%
2019-06-30$93.49M-0.13%
2019-03-31$93.62M-17.04%
2018-12-31$112.84M13.18%
2018-09-30$99.70M1.49%
2018-06-30$98.24M5.83%
2018-03-31$92.83M-12.77%
2017-12-31$106.42M17.92%
2017-09-30$90.25M9.15%
2017-06-30$82.68M1.37%
2017-03-31$81.56M-11.05%
2016-12-31$91.70M15.20%
2016-09-30$79.60M1.35%
2016-06-30$78.54M3.68%
2016-03-31$75.75M-17.06%
2015-12-31$91.33M25.96%
2015-09-26$72.51M-13.45%
2015-06-27$83.78M19.78%
2015-03-28$69.94M-32.85%
2014-12-31$104.15M26.65%
2014-09-27$82.24M0.22%
2014-06-28$82.06M11.84%
2014-03-29$73.37M-18.38%
2013-12-31$89.89M31.83%
2013-09-28$68.19M-0.20%
2013-06-29$68.33M4.53%
2013-03-30$65.37M-18.97%
2012-12-31$80.67M32.83%
2012-09-29$60.73M-9.03%
2012-06-30$66.76M2.35%
2012-03-31$65.23M-15.37%
2011-12-31$77.08M18.94%
2011-10-01$64.81M8.53%
2011-07-02$59.71M13.59%
2011-04-02$52.57M-10.17%
2010-12-31$58.52M29.21%
2010-10-02$45.29M-0.92%
2010-07-03$45.70M8.13%
2010-04-03$42.27M-8.16%
2009-12-31$46.03M28.88%
2009-10-03$35.71M3.47%
2009-07-04$34.52M9.75%
2009-04-04$31.45M-44.16%
2008-12-31$56.31M14.71%
2008-09-27$49.09M-14.99%
2008-06-28$57.75M25.30%
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/ServiceDec 23Dec 22Dec 21Dec 18
Product Sales$278.57M---
Service Sales$80.26M---
Service-$80.48M$86.71M-
Product-$265.28M$251.10M-
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/ServiceSep 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Product$61.46M$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
Service$21.10M$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

FARO's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Product (74.44%), and Service (25.56%).

FARO Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
CHINA$34.42M$43.11M$40.81M$31.75M$32.93M
GERMANY$47.95M$41.48M$48.77M$46.17M$52.08M
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--
EMEA Other$60.34M$56.69M---
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

CountrySep 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
EMEA$25.46M$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
Americas$40.35M$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$16.75M$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
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
UNITED STATES-------------$33.37M$28.86M$24.45M$33.09M$43.47M$37.17M$35.16M

FARO's latest quarterly revenue breakdown by geography, as of Sep 24: Americas (48.88%), EMEA (30.84%), and Asia Pacific (20.29%).

FARO Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
FTVFortive$6.07B$1.53B
TDYTeledyne$5.64B$1.35B
STSensata Technologies$4.05B$982.83B
MKSIMKS Instruments$3.62B$897.00M
VNTVontier$3.10B$750.00M
ITRIItron$2.17B$615.46M
ESEESCO$1.03B$260.78M
BMIBadger Meter$703.59M$208.44M
COHRCoherent$402.00M$1.31B
FAROFARO$358.83M$82.08M
VPGVishay Precision Group$355.05M$75.73M
SOTKSono-Tek$19.70M$5.16M
MLABMesa 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 Product Sales, and Service Sales. Product Sales generated $278.57M in revenue, accounting 77.63% of the company's total revenue Service Sales generated $80.26M in revenue, accounting 22.37% 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.