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APA Corporation（APA）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
APA Corporation的季度营收约是Rivian Automotive, Inc.的1.7倍（$2.2B vs $1.3B），APA Corporation净利率更高（15.0% vs -63.1%，领先78.1%），APA Corporation同比增速更快（-24.3% vs -25.8%），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs 1.4%）
APA Corporation是美国能源企业阿帕奇公司的控股主体，主要从事碳氢化合物资源勘探相关业务，在特拉华州注册成立，总部位于得克萨斯州休斯敦，是北美地区拥有丰富项目经验的能源勘探运营企业。
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。
APA vs RIVN — 直观对比
营收规模更大
APA
是对方的1.7倍
$1.3B
营收增速更快
APA
高出1.5%
-25.8%
净利率更高
APA
高出78.1%
-63.1%
两年增速更快
RIVN
近两年复合增速
1.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.3B |
| 净利润 | $331.0M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | 32.5% | -64.8% |
| 净利率 | 15.0% | -63.1% |
| 营收同比 | -24.3% | -25.8% |
| 净利润同比 | -22.1% | -9.0% |
| 每股收益（稀释后） | $0.79 | $-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APARIVN
| Q4 25 | $2.2B | $1.3B | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $2.3B | $1.3B | ||
| Q1 25 | $2.7B | $1.2B | ||
| Q4 24 | $2.9B | $1.7B | ||
| Q3 24 | $2.7B | $874.0M | ||
| Q2 24 | $2.8B | $1.2B | ||
| Q1 24 | $2.1B | $1.2B |
净利润APARIVN
| Q4 25 | $331.0M | $-811.0M | ||
| Q3 25 | $205.0M | $-1.2B | ||
| Q2 25 | $603.0M | $-1.1B | ||
| Q1 25 | $418.0M | $-545.0M | ||
| Q4 24 | $425.0M | $-744.0M | ||
| Q3 24 | $-223.0M | $-1.1B | ||
| Q2 24 | $541.0M | $-1.5B | ||
| Q1 24 | $212.0M | $-1.4B |
毛利率APARIVN
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | -15.8% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | — | -44.9% | ||
| Q2 24 | — | -38.9% | ||
| Q1 24 | — | -43.8% |
营业利润率APARIVN
| Q4 25 | 32.5% | -64.8% | ||
| Q3 25 | 33.7% | -63.1% | ||
| Q2 25 | 31.8% | -85.5% | ||
| Q1 25 | 31.9% | -52.8% | ||
| Q4 24 | 31.4% | -38.1% | ||
| Q3 24 | -5.2% | -133.8% | ||
| Q2 24 | 34.4% | -118.7% | ||
| Q1 24 | 32.2% | -123.3% |
净利率APARIVN
| Q4 25 | 15.0% | -63.1% | ||
| Q3 25 | 9.0% | -75.3% | ||
| Q2 25 | 26.0% | -85.7% | ||
| Q1 25 | 15.4% | -44.0% | ||
| Q4 24 | 14.6% | -42.9% | ||
| Q3 24 | -8.1% | -125.9% | ||
| Q2 24 | 19.0% | -125.8% | ||
| Q1 24 | 9.9% | -120.1% |
每股收益（稀释后）APARIVN
| Q4 25 | $0.79 | $-0.66 | ||
| Q3 25 | $0.57 | $-0.96 | ||
| Q2 25 | $1.67 | $-0.97 | ||
| Q1 25 | $0.96 | $-0.48 | ||
| Q4 24 | $0.97 | $-0.67 | ||
| Q3 24 | $-0.60 | $-1.08 | ||
| Q2 24 | $1.46 | $-1.46 | ||
| Q1 24 | $0.44 | $-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 | $516.0M | $6.1B |
| 总债务越低越好 | $4.3B | — |
| 股东权益账面价值 | $6.1B | $4.6B |
| 总资产 | $17.8B | $14.9B |
| 负债/权益比越低杠杆越低 | 0.70× | — |
8季度趋势，按日历期对齐
现金及短期投资APARIVN
| Q4 25 | $516.0M | $6.1B | ||
| Q3 25 | $475.0M | $7.1B | ||
| Q2 25 | $107.0M | $7.5B | ||
| Q1 25 | $67.0M | $7.2B | ||
| Q4 24 | $625.0M | $7.7B | ||
| Q3 24 | $64.0M | $6.7B | ||
| Q2 24 | $160.0M | $7.9B | ||
| Q1 24 | $102.0M | $7.9B |
总债务APARIVN
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $6.0B | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.7B | $5.5B | ||
| Q1 24 | $5.2B | $4.4B |
股东权益APARIVN
| Q4 25 | $6.1B | $4.6B | ||
| Q3 25 | $6.0B | $5.1B | ||
| Q2 25 | $5.9B | $6.1B | ||
| Q1 25 | $5.4B | $6.2B | ||
| Q4 24 | $5.3B | $6.6B | ||
| Q3 24 | $5.1B | $5.9B | ||
| Q2 24 | $5.4B | $6.8B | ||
| Q1 24 | $2.6B | $8.1B |
总资产APARIVN
| Q4 25 | $17.8B | $14.9B | ||
| Q3 25 | $17.7B | $15.2B | ||
| Q2 25 | $18.1B | $15.6B | ||
| Q1 25 | $18.5B | $15.5B | ||
| Q4 24 | $19.4B | $15.4B | ||
| Q3 24 | $19.4B | $14.3B | ||
| Q2 24 | $20.2B | $15.4B | ||
| Q1 24 | $15.0B | $15.7B |
负债/权益比APARIVN
| Q4 25 | 0.70× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 1.24× | 0.81× | ||
| Q1 24 | 1.99× | 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 | $808.0M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-1.1B |
| 自由现金流率自由现金流/营收 | — | -89.0% |
| 资本支出强度资本支出/营收 | — | 36.0% |
| 现金转化率经营现金流/净利润 | 2.44× | — |
| 过去12个月自由现金流最近4个季度 | — | $-2.5B |
8季度趋势，按日历期对齐
经营现金流APARIVN
| Q4 25 | $808.0M | $-681.0M | ||
| Q3 25 | $1.5B | $26.0M | ||
| Q2 25 | $1.2B | $64.0M | ||
| Q1 25 | $1.1B | $-188.0M | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $1.3B | $-876.0M | ||
| Q2 24 | $877.0M | $-754.0M | ||
| Q1 24 | $368.0M | $-1.3B |
自由现金流APARIVN
| Q4 25 | — | $-1.1B | ||
| Q3 25 | — | $-421.0M | ||
| Q2 25 | — | $-398.0M | ||
| Q1 25 | — | $-526.0M | ||
| Q4 24 | — | $856.0M | ||
| Q3 24 | — | $-1.2B | ||
| Q2 24 | — | $-1.0B | ||
| Q1 24 | — | $-1.5B |
自由现金流率APARIVN
| Q4 25 | — | -89.0% | ||
| Q3 25 | — | -27.0% | ||
| Q2 25 | — | -30.5% | ||
| Q1 25 | — | -42.4% | ||
| Q4 24 | — | 49.4% | ||
| Q3 24 | — | -131.9% | ||
| Q2 24 | — | -89.6% | ||
| Q1 24 | — | -126.5% |
资本支出强度APARIVN
| Q4 25 | — | 36.0% | ||
| Q3 25 | — | 28.7% | ||
| Q2 25 | — | 35.5% | ||
| Q1 25 | — | 27.3% | ||
| Q4 24 | — | 18.9% | ||
| Q3 24 | — | 31.7% | ||
| Q2 24 | — | 24.4% | ||
| Q1 24 | — | 21.1% |
现金转化率APARIVN
| Q4 25 | 2.44× | — | ||
| Q3 25 | 7.12× | — | ||
| Q2 25 | 1.96× | — | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 1.74× | — |
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
APA
| Oil And Gas Excluding Purchased | $1.7B | 76% |
| Oil And Gas Purchased | $323.0M | 15% |
| Oil Reserves | $114.0M | 5% |
| Other | $72.0M | 3% |
| Natural Gas Reserves | $30.0M | 1% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
