Studies consistently show that site speed differences as small as 0.1s can have a large impact on conversions and engagement. You could be handing your competitors an advantage simply by being slower.
How your website ranks for speed compared to your direct Competitors.
How quickly the contents of your web pages are visibly populated, for your site and your competitors.
Google's new metrics for website performance along with recommended measurements, for your site and your competitors.
Explore Real User Measurements for your site and your competitors from the Google CrUX report.