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ARVINAS, INC.（ARVN）与REDWOOD TRUST INC（RWT）财务数据对比。点击上方公司名可切换其他公司
ARVINAS, INC.的季度营收约是REDWOOD TRUST INC的1.6倍（$41.9M vs $25.9M），REDWOOD TRUST INC净利率更高（77.2% vs -83.8%，领先161.0%），REDWOOD TRUST INC同比增速更快（-6.1% vs -59.1%），过去两年ARVINAS, INC.的营收复合增速更高（10.0% vs -41.0%）
Arvinas是一家临床阶段生物技术企业，专注开发PROTAC靶向蛋白降解类疗法，用于治疗癌症及罕见病，核心管线覆盖多个存在未满足医疗需求的适应症，主要面向美国及全球生物制药市场运营。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
ARVN vs RWT — 直观对比
营收规模更大
ARVN
是对方的1.6倍
$25.9M
营收增速更快
RWT
高出53.0%
-59.1%
净利率更高
RWT
高出161.0%
-83.8%
两年增速更快
ARVN
近两年复合增速
-41.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $41.9M | $25.9M |
| 净利润 | $-35.1M | $20.0M |
| 毛利率 | — | — |
| 营业利润率 | -104.5% | — |
| 净利率 | -83.8% | 77.2% |
| 营收同比 | -59.1% | -6.1% |
| 净利润同比 | 28.7% | 402.6% |
| 每股收益（稀释后） | $-0.48 | $0.11 |
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ARVNRWT
| Q4 25 | — | $25.9M | ||
| Q3 25 | $41.9M | $15.0M | ||
| Q2 25 | — | $13.8M | ||
| Q1 25 | $188.8M | $27.9M | ||
| Q4 24 | $59.2M | $27.6M | ||
| Q3 24 | $102.4M | $25.5M | ||
| Q2 24 | $76.5M | $67.4M | ||
| Q1 24 | $25.3M | $74.5M |
净利润ARVNRWT
| Q4 25 | — | $20.0M | ||
| Q3 25 | $-35.1M | $-7.7M | ||
| Q2 25 | — | $-98.5M | ||
| Q1 25 | $82.9M | $16.1M | ||
| Q4 24 | $-45.1M | $-6.6M | ||
| Q3 24 | $-49.2M | $14.8M | ||
| Q2 24 | $-35.2M | $15.5M | ||
| Q1 24 | $-69.4M | $30.3M |
营业利润率ARVNRWT
| Q4 25 | — | — | ||
| Q3 25 | -104.5% | -9.0% | ||
| Q2 25 | — | -679.0% | ||
| Q1 25 | 37.8% | 80.2% | ||
| Q4 24 | -98.1% | -1.3% | ||
| Q3 24 | -58.9% | 86.1% | ||
| Q2 24 | -63.4% | 30.3% | ||
| Q1 24 | -329.2% | 41.3% |
净利率ARVNRWT
| Q4 25 | — | 77.2% | ||
| Q3 25 | -83.8% | -51.4% | ||
| Q2 25 | — | -712.0% | ||
| Q1 25 | 43.9% | 57.8% | ||
| Q4 24 | -76.2% | -24.0% | ||
| Q3 24 | -48.0% | 58.1% | ||
| Q2 24 | -46.0% | 23.0% | ||
| Q1 24 | -274.3% | 40.6% |
每股收益（稀释后）ARVNRWT
| Q4 25 | — | $0.11 | ||
| Q3 25 | $-0.48 | $-0.08 | ||
| Q2 25 | — | $-0.76 | ||
| Q1 25 | $1.14 | $0.10 | ||
| Q4 24 | $-0.63 | $-0.08 | ||
| Q3 24 | $-0.68 | $0.09 | ||
| Q2 24 | $-0.49 | $0.10 | ||
| Q1 24 | $-0.97 | $0.21 |
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 | $787.6M | $255.7M |
| 总债务越低越好 | $600.0K | — |
| 股东权益账面价值 | $564.4M | $982.6M |
| 总资产 | $844.3M | $23.7B |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资ARVNRWT
| Q4 25 | — | $255.7M | ||
| Q3 25 | $787.6M | $226.3M | ||
| Q2 25 | — | $302.0M | ||
| Q1 25 | $954.3M | $259.9M | ||
| Q4 24 | $1.0B | $245.2M | ||
| Q3 24 | $1.1B | $253.7M | ||
| Q2 24 | $1.2B | $275.6M | ||
| Q1 24 | $1.2B | $275.4M |
总债务ARVNRWT
| Q4 25 | — | — | ||
| Q3 25 | $600.0K | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $700.0K | — | ||
| Q4 24 | $800.0K | — | ||
| Q3 24 | $800.0K | — | ||
| Q2 24 | $900.0K | — | ||
| Q1 24 | $900.0K | $1.7B |
股东权益ARVNRWT
| Q4 25 | — | $982.6M | ||
| Q3 25 | $564.4M | $999.0M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | $660.1M | $1.2B | ||
| Q4 24 | $561.7M | $1.2B | ||
| Q3 24 | $586.0M | $1.2B | ||
| Q2 24 | $600.2M | $1.2B | ||
| Q1 24 | $609.7M | $1.2B |
总资产ARVNRWT
| Q4 25 | — | $23.7B | ||
| Q3 25 | $844.3M | $22.6B | ||
| Q2 25 | — | $21.3B | ||
| Q1 25 | $1.0B | $19.9B | ||
| Q4 24 | $1.1B | $18.3B | ||
| Q3 24 | $1.2B | $18.4B | ||
| Q2 24 | $1.3B | $16.5B | ||
| Q1 24 | $1.2B | $15.1B |
负债/权益比ARVNRWT
| Q4 25 | — | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.00× | 1.39× |
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 | $-59.1M | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | $-59.2M | — |
| 自由现金流率自由现金流/营收 | -141.3% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | — | -504.15× |
| 过去12个月自由现金流最近4个季度 | $-361.6M | — |
8季度趋势，按日历期对齐
经营现金流ARVNRWT
| Q4 25 | — | $-10.1B | ||
| Q3 25 | $-59.1M | $-2.7B | ||
| Q2 25 | — | $-2.1B | ||
| Q1 25 | $-88.9M | $-2.0B | ||
| Q4 24 | $-84.1M | $-5.9B | ||
| Q3 24 | $-128.0M | $-2.1B | ||
| Q2 24 | $50.3M | $-2.0B | ||
| Q1 24 | $-97.5M | $-954.2M |
自由现金流ARVNRWT
| Q4 25 | — | — | ||
| Q3 25 | $-59.2M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-89.3M | — | ||
| Q4 24 | $-84.4M | — | ||
| Q3 24 | $-128.7M | — | ||
| Q2 24 | $49.6M | — | ||
| Q1 24 | $-97.6M | — |
自由现金流率ARVNRWT
| Q4 25 | — | — | ||
| Q3 25 | -141.3% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -47.3% | — | ||
| Q4 24 | -142.6% | — | ||
| Q3 24 | -125.7% | — | ||
| Q2 24 | 64.8% | — | ||
| Q1 24 | -385.8% | — |
资本支出强度ARVNRWT
| Q4 25 | — | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 0.4% | — |
现金转化率ARVNRWT
| Q4 25 | — | -504.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -1.07× | -120.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -140.86× | ||
| Q2 24 | — | -126.56× | ||
| Q1 24 | — | -31.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
