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奥尼兰姆制药（ALNY）与Rivian Automotive, Inc.（RIVN）财务数据对比。点击上方公司名可切换其他公司
Rivian Automotive, Inc.的季度营收约是奥尼兰姆制药的1.2倍（$1.3B vs $1.1B），奥尼兰姆制药净利率更高（17.0% vs -63.1%，领先80.1%），奥尼兰姆制药同比增速更快（84.9% vs -25.8%），奥尼兰姆制药自由现金流更多（$140.3M vs $-1.1B），过去两年奥尼兰姆制药的营收复合增速更高（49.0% vs 3.3%）
奥尼兰姆制药是美国生物制药企业，2002年成立，总部位于马萨诸塞州剑桥市，专注于研发及商业化针对基因明确疾病的RNA干扰（RNAi）疗法，2016年入选福布斯「100家最具创新力成长企业」榜单。
Rivian Automotive是2009年成立的美国电动汽车制造商及汽车科技企业，主打基于自研滑板平台打造的电动SUV、皮卡及EDV电动配送货车，旗下R1T皮卡于2021年末正式开启交付，还计划于2023年底前在美国和加拿大布局专属充电网络，其平台可适配新车型也可对外授权使用。
ALNY vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.2倍
$1.1B
营收增速更快
ALNY
高出110.8%
-25.8%
净利率更高
ALNY
高出80.1%
-63.1%
自由现金流更多
ALNY
多$1.3B
$-1.1B
两年增速更快
ALNY
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.3B |
| 净利润 | $186.4M | $-811.0M |
| 毛利率 | 75.6% | 9.3% |
| 营业利润率 | 12.0% | -64.8% |
| 净利率 | 17.0% | -63.1% |
| 营收同比 | 84.9% | -25.8% |
| 净利润同比 | 322.6% | -9.0% |
| 每股收益（稀释后） | $1.44 | $-0.66 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ALNYRIVN
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $773.7M | $1.3B | ||
| Q1 25 | $594.2M | $1.2B | ||
| Q4 24 | $593.2M | $1.7B | ||
| Q3 24 | $500.9M | $874.0M | ||
| Q2 24 | $659.8M | $1.2B | ||
| Q1 24 | $494.3M | $1.2B |
净利润ALNYRIVN
| Q4 25 | $186.4M | $-811.0M | ||
| Q3 25 | $251.1M | $-1.2B | ||
| Q2 25 | $-66.3M | $-1.1B | ||
| Q1 25 | $-57.5M | $-545.0M | ||
| Q4 24 | $-83.8M | $-744.0M | ||
| Q3 24 | $-111.6M | $-1.1B | ||
| Q2 24 | $-16.9M | $-1.5B | ||
| Q1 24 | $-65.9M | $-1.4B |
毛利率ALNYRIVN
| Q4 25 | 75.6% | 9.3% | ||
| Q3 25 | 84.2% | 1.5% | ||
| Q2 25 | 81.6% | -15.8% | ||
| Q1 25 | 88.2% | 16.6% | ||
| Q4 24 | 82.7% | 9.8% | ||
| Q3 24 | 83.6% | -44.9% | ||
| Q2 24 | 89.8% | -38.9% | ||
| Q1 24 | 89.0% | -43.8% |
营业利润率ALNYRIVN
| Q4 25 | 12.0% | -64.8% | ||
| Q3 25 | 29.5% | -63.1% | ||
| Q2 25 | -2.1% | -85.5% | ||
| Q1 25 | 3.0% | -52.8% | ||
| Q4 24 | -17.7% | -38.1% | ||
| Q3 24 | -15.4% | -133.8% | ||
| Q2 24 | 7.4% | -118.7% | ||
| Q1 24 | -8.8% | -123.3% |
净利率ALNYRIVN
| Q4 25 | 17.0% | -63.1% | ||
| Q3 25 | 20.1% | -75.3% | ||
| Q2 25 | -8.6% | -85.7% | ||
| Q1 25 | -9.7% | -44.0% | ||
| Q4 24 | -14.1% | -42.9% | ||
| Q3 24 | -22.3% | -125.9% | ||
| Q2 24 | -2.6% | -125.8% | ||
| Q1 24 | -13.3% | -120.1% |
每股收益（稀释后）ALNYRIVN
| Q4 25 | $1.44 | $-0.66 | ||
| Q3 25 | $1.84 | $-0.96 | ||
| Q2 25 | $-0.51 | $-0.97 | ||
| Q1 25 | $-0.44 | $-0.48 | ||
| Q4 24 | $-0.66 | $-0.67 | ||
| Q3 24 | $-0.87 | $-1.08 | ||
| Q2 24 | $-0.13 | $-1.46 | ||
| Q1 24 | $-0.52 | $-1.48 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.7B | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $789.2M | $4.6B |
| 总资产 | $5.0B | $14.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ALNYRIVN
| Q4 25 | $1.7B | $6.1B | ||
| Q3 25 | $1.5B | $7.1B | ||
| Q2 25 | $1.1B | $7.5B | ||
| Q1 25 | $1.0B | $7.2B | ||
| Q4 24 | $966.4M | $7.7B | ||
| Q3 24 | $1.1B | $6.7B | ||
| Q2 24 | $968.5M | $7.9B | ||
| Q1 24 | $681.9M | $7.9B |
总债务ALNYRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益ALNYRIVN
| Q4 25 | $789.2M | $4.6B | ||
| Q3 25 | $233.9M | $5.1B | ||
| Q2 25 | $250.6M | $6.1B | ||
| Q1 25 | $115.4M | $6.2B | ||
| Q4 24 | $67.1M | $6.6B | ||
| Q3 24 | $32.4M | $5.9B | ||
| Q2 24 | $-3.1M | $6.8B | ||
| Q1 24 | $-219.3M | $8.1B |
总资产ALNYRIVN
| Q4 25 | $5.0B | $14.9B | ||
| Q3 25 | $4.9B | $15.2B | ||
| Q2 25 | $4.6B | $15.6B | ||
| Q1 25 | $4.2B | $15.5B | ||
| Q4 24 | $4.2B | $15.4B | ||
| Q3 24 | $4.2B | $14.3B | ||
| Q2 24 | $4.0B | $15.4B | ||
| Q1 24 | $3.8B | $15.7B |
负债/权益比ALNYRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 0.55× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $163.6M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $140.3M | $-1.1B |
| 自由现金流率自由现金流/营收 | 12.8% | -89.0% |
| 资本支出强度资本支出/营收 | 2.1% | 36.0% |
| 现金转化率经营现金流/净利润 | 0.88× | — |
| 过去12个月自由现金流最近4个季度 | $465.4M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流ALNYRIVN
| Q4 25 | $163.6M | $-681.0M | ||
| Q3 25 | $325.1M | $26.0M | ||
| Q2 25 | $153.7M | $64.0M | ||
| Q1 25 | $-118.3M | $-188.0M | ||
| Q4 24 | $-94.7M | $1.2B | ||
| Q3 24 | $43.7M | $-876.0M | ||
| Q2 24 | $124.2M | $-754.0M | ||
| Q1 24 | $-81.5M | $-1.3B |
自由现金流ALNYRIVN
| Q4 25 | $140.3M | $-1.1B | ||
| Q3 25 | $313.0M | $-421.0M | ||
| Q2 25 | $139.4M | $-398.0M | ||
| Q1 25 | $-127.3M | $-526.0M | ||
| Q4 24 | $-103.8M | $856.0M | ||
| Q3 24 | $39.5M | $-1.2B | ||
| Q2 24 | $116.1M | $-1.0B | ||
| Q1 24 | $-94.5M | $-1.5B |
自由现金流率ALNYRIVN
| Q4 25 | 12.8% | -89.0% | ||
| Q3 25 | 25.1% | -27.0% | ||
| Q2 25 | 18.0% | -30.5% | ||
| Q1 25 | -21.4% | -42.4% | ||
| Q4 24 | -17.5% | 49.4% | ||
| Q3 24 | 7.9% | -131.9% | ||
| Q2 24 | 17.6% | -89.6% | ||
| Q1 24 | -19.1% | -126.5% |
资本支出强度ALNYRIVN
| Q4 25 | 2.1% | 36.0% | ||
| Q3 25 | 1.0% | 28.7% | ||
| Q2 25 | 1.8% | 35.5% | ||
| Q1 25 | 1.5% | 27.3% | ||
| Q4 24 | 1.5% | 18.9% | ||
| Q3 24 | 0.8% | 31.7% | ||
| Q2 24 | 1.2% | 24.4% | ||
| Q1 24 | 2.6% | 21.1% |
现金转化率ALNYRIVN
| Q4 25 | 0.88× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ALNY
| TTR | $858.3M | 78% |
| Rare | $136.4M | 12% |
| GIVLAARI | $56.3M | 5% |
| Collaborative Arrangement | $40.9M | 4% |
| ONPATTRO | $12.0M | 1% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
