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Alexandria Real Estate Equities（ARE）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Alexandria Real Estate Equities的1.9倍（$1.3B vs $671.0M），Alexandria Real Estate Equities净利率更高（59.4% vs -63.1%，领先122.4%），Alexandria Real Estate Equities同比增速更快（-11.5% vs -25.8%），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs -6.4%）
Alexandria Real Estate Equities（NYSE:ARE）是标普500成分股中的城市办公类房地产投资信托，作为业内首创、运营经验最丰富的先行企业，专注于在顶级创新集群区域开发、运营生命科学、科技及农业科技协作型产业园区。截至2020年12月末，公司总市值达319亿美元，北美地区资产总面积达4970万平方英尺。
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。
ARE vs RIVN — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $671.0M | $1.3B |
| 净利润 | $398.4M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | — | -64.8% |
| 净利率 | 59.4% | -63.1% |
| 营收同比 | -11.5% | -25.8% |
| 净利润同比 | 740.6% | -9.0% |
| 每股收益（稀释后） | $2.10 | $-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
| Q1 26 | $671.0M | — | ||
| Q4 25 | $754.4M | $1.3B | ||
| Q3 25 | $751.9M | $1.6B | ||
| Q2 25 | $762.0M | $1.3B | ||
| Q1 25 | $758.2M | $1.2B | ||
| Q4 24 | $788.9M | $1.7B | ||
| Q3 24 | $791.6M | $874.0M | ||
| Q2 24 | $766.7M | $1.2B |
| Q1 26 | $398.4M | — | ||
| Q4 25 | $-1.1B | $-811.0M | ||
| Q3 25 | $-232.8M | $-1.2B | ||
| Q2 25 | $-107.0M | $-1.1B | ||
| Q1 25 | $-8.9M | $-545.0M | ||
| Q4 24 | $-62.2M | $-744.0M | ||
| Q3 24 | $167.9M | $-1.1B | ||
| Q2 24 | $46.7M | $-1.5B |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | -64.8% | ||
| Q3 25 | — | -63.1% | ||
| Q2 25 | — | -85.5% | ||
| Q1 25 | — | -52.8% | ||
| Q4 24 | — | -38.1% | ||
| Q3 24 | — | -133.8% | ||
| Q2 24 | — | -118.7% |
| Q1 26 | 59.4% | — | ||
| Q4 25 | -143.3% | -63.1% | ||
| Q3 25 | -31.0% | -75.3% | ||
| Q2 25 | -14.0% | -85.7% | ||
| Q1 25 | -1.2% | -44.0% | ||
| Q4 24 | -7.9% | -42.9% | ||
| Q3 24 | 21.2% | -125.9% | ||
| Q2 24 | 6.1% | -125.8% |
| Q1 26 | $2.10 | — | ||
| Q4 25 | $-6.35 | $-0.66 | ||
| Q3 25 | $-1.38 | $-0.96 | ||
| Q2 25 | $-0.64 | $-0.97 | ||
| Q1 25 | $-0.07 | $-0.48 | ||
| Q4 24 | $-0.38 | $-0.67 | ||
| Q3 24 | $0.96 | $-1.08 | ||
| Q2 24 | $0.25 | $-1.46 |
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 | $418.7M | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $19.4B | $4.6B |
| 总资产 | $34.2B | $14.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | $6.1B | ||
| Q3 25 | $579.5M | $7.1B | ||
| Q2 25 | $520.5M | $7.5B | ||
| Q1 25 | $476.4M | $7.2B | ||
| Q4 24 | $552.1M | $7.7B | ||
| Q3 24 | $562.6M | $6.7B | ||
| Q2 24 | $561.0M | $7.9B |
| Q1 26 | — | — | ||
| Q4 25 | $12.4B | — | ||
| Q3 25 | $13.6B | — | ||
| Q2 25 | $13.3B | — | ||
| Q1 25 | $13.1B | — | ||
| Q4 24 | $12.2B | — | ||
| Q3 24 | $12.7B | — | ||
| Q2 24 | $12.4B | $5.5B |
| Q1 26 | $19.4B | — | ||
| Q4 25 | $15.5B | $4.6B | ||
| Q3 25 | $16.6B | $5.1B | ||
| Q2 25 | $17.2B | $6.1B | ||
| Q1 25 | $17.5B | $6.2B | ||
| Q4 24 | $17.9B | $6.6B | ||
| Q3 24 | $18.2B | $5.9B | ||
| Q2 24 | $18.3B | $6.8B |
| Q1 26 | $34.2B | — | ||
| Q4 25 | $34.1B | $14.9B | ||
| Q3 25 | $37.4B | $15.2B | ||
| Q2 25 | $37.6B | $15.6B | ||
| Q1 25 | $37.6B | $15.5B | ||
| Q4 24 | $37.5B | $15.4B | ||
| Q3 24 | $38.5B | $14.3B | ||
| Q2 24 | $37.8B | $15.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.68× | 0.81× |
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 | $475.0M | $-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 | 76.0% | 36.0% |
| 现金转化率经营现金流/净利润 | 1.19× | — |
| 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
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | $-681.0M | ||
| Q3 25 | $433.5M | $26.0M | ||
| Q2 25 | $460.2M | $64.0M | ||
| Q1 25 | $207.9M | $-188.0M | ||
| Q4 24 | $274.2M | $1.2B | ||
| Q3 24 | $477.4M | $-876.0M | ||
| Q2 24 | $411.8M | $-754.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | 76.0% | — | ||
| 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 26 | 1.19× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.84× | — | ||
| Q2 24 | 8.82× | — |
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
ARE
| Same properties | $431.4M | 64% |
| Tenant recoveries | $178.2M | 27% |
| Non-same properties | $43.3M | 6% |
| Other | $18.0M | 3% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
