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ATI INC（ATI）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ATI INC的1.1倍（$1.3B vs $1.2B），ATI INC净利率更高（8.2% vs -63.1%，领先71.3%），ATI INC同比增速更快（0.4% vs -25.8%），ATI INC自由现金流更多（$223.1M vs $-1.1B），过去两年ATI INC的营收复合增速更高（6.2% vs 3.3%）
ATI是加拿大半导体科技企业，总部位于安大略省万锦市，专注于图形处理器（GPU）及芯片组研发。公司成立于1985年，1993年公开上市，2006年被AMD收购。作为无晶圆厂半导体巨头，ATI坚持自主研发，生产组装环节外包，2000年竞争对手3dfx破产后，成为全球图形芯片领域的核心厂商之一。
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。
ATI vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.1倍
$1.2B
营收增速更快
ATI
高出26.2%
-25.8%
净利率更高
ATI
高出71.3%
-63.1%
自由现金流更多
ATI
多$1.4B
$-1.1B
两年增速更快
ATI
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.3B |
| 净利润 | $96.6M | $-811.0M |
| 毛利率 | 23.2% | 9.3% |
| 营业利润率 | 14.5% | -64.8% |
| 净利率 | 8.2% | -63.1% |
| 营收同比 | 0.4% | -25.8% |
| 净利润同比 | -29.5% | -9.0% |
| 每股收益（稀释后） | $0.70 | $-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ATIRIVN
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.1B | $874.0M | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.0B | $1.2B |
净利润ATIRIVN
| Q4 25 | $96.6M | $-811.0M | ||
| Q3 25 | $110.0M | $-1.2B | ||
| Q2 25 | $100.7M | $-1.1B | ||
| Q1 25 | $97.0M | $-545.0M | ||
| Q4 24 | $137.1M | $-744.0M | ||
| Q3 24 | $82.7M | $-1.1B | ||
| Q2 24 | $81.9M | $-1.5B | ||
| Q1 24 | $66.1M | $-1.4B |
毛利率ATIRIVN
| Q4 25 | 23.2% | 9.3% | ||
| Q3 25 | 22.7% | 1.5% | ||
| Q2 25 | 21.3% | -15.8% | ||
| Q1 25 | 20.6% | 16.6% | ||
| Q4 24 | 21.2% | 9.8% | ||
| Q3 24 | 21.4% | -44.9% | ||
| Q2 24 | 20.8% | -38.9% | ||
| Q1 24 | 18.9% | -43.8% |
营业利润率ATIRIVN
| Q4 25 | 14.5% | -64.8% | ||
| Q3 25 | 14.4% | -63.1% | ||
| Q2 25 | 14.1% | -85.5% | ||
| Q1 25 | 12.8% | -52.8% | ||
| Q4 24 | 17.8% | -38.1% | ||
| Q3 24 | 13.5% | -133.8% | ||
| Q2 24 | 13.0% | -118.7% | ||
| Q1 24 | 11.0% | -123.3% |
净利率ATIRIVN
| Q4 25 | 8.2% | -63.1% | ||
| Q3 25 | 9.8% | -75.3% | ||
| Q2 25 | 8.8% | -85.7% | ||
| Q1 25 | 8.5% | -44.0% | ||
| Q4 24 | 11.7% | -42.9% | ||
| Q3 24 | 7.9% | -125.9% | ||
| Q2 24 | 7.5% | -125.8% | ||
| Q1 24 | 6.3% | -120.1% |
每股收益（稀释后）ATIRIVN
| Q4 25 | $0.70 | $-0.66 | ||
| Q3 25 | $0.78 | $-0.96 | ||
| Q2 25 | $0.70 | $-0.97 | ||
| Q1 25 | $0.67 | $-0.48 | ||
| Q4 24 | $0.94 | $-0.67 | ||
| Q3 24 | $0.57 | $-1.08 | ||
| Q2 24 | $0.58 | $-1.46 | ||
| Q1 24 | $0.46 | $-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 | $416.7M | $6.1B |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $1.8B | $4.6B |
| 总资产 | $5.1B | $14.9B |
| 负债/权益比越低杠杆越低 | 0.95× | — |
8季度趋势，按日历期对齐
现金及短期投资ATIRIVN
| Q4 25 | $416.7M | $6.1B | ||
| Q3 25 | $372.2M | $7.1B | ||
| Q2 25 | $319.6M | $7.5B | ||
| Q1 25 | $475.8M | $7.2B | ||
| Q4 24 | $721.2M | $7.7B | ||
| Q3 24 | $406.6M | $6.7B | ||
| Q2 24 | $425.6M | $7.9B | ||
| Q1 24 | $394.4M | $7.9B |
总债务ATIRIVN
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | $5.5B | ||
| Q1 24 | $2.1B | $4.4B |
股东权益ATIRIVN
| Q4 25 | $1.8B | $4.6B | ||
| Q3 25 | $1.7B | $5.1B | ||
| Q2 25 | $1.7B | $6.1B | ||
| Q1 25 | $1.9B | $6.2B | ||
| Q4 24 | $1.9B | $6.6B | ||
| Q3 24 | $1.8B | $5.9B | ||
| Q2 24 | $1.4B | $6.8B | ||
| Q1 24 | $1.3B | $8.1B |
总资产ATIRIVN
| Q4 25 | $5.1B | $14.9B | ||
| Q3 25 | $5.0B | $15.2B | ||
| Q2 25 | $5.0B | $15.6B | ||
| Q1 25 | $5.2B | $15.5B | ||
| Q4 24 | $5.2B | $15.4B | ||
| Q3 24 | $5.1B | $14.3B | ||
| Q2 24 | $4.9B | $15.4B | ||
| Q1 24 | $4.8B | $15.7B |
负债/权益比ATIRIVN
| Q4 25 | 0.95× | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | 0.93× | — | ||
| Q3 24 | 1.04× | — | ||
| Q2 24 | 1.37× | 0.81× | ||
| Q1 24 | 1.70× | 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 | $315.8M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $223.1M | $-1.1B |
| 自由现金流率自由现金流/营收 | 19.0% | -89.0% |
| 资本支出强度资本支出/营收 | 7.9% | 36.0% |
| 现金转化率经营现金流/净利润 | 3.27× | — |
| 过去12个月自由现金流最近4个季度 | $333.7M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流ATIRIVN
| Q4 25 | $315.8M | $-681.0M | ||
| Q3 25 | $229.5M | $26.0M | ||
| Q2 25 | $161.5M | $64.0M | ||
| Q1 25 | $-92.5M | $-188.0M | ||
| Q4 24 | $380.9M | $1.2B | ||
| Q3 24 | $24.0M | $-876.0M | ||
| Q2 24 | $101.1M | $-754.0M | ||
| Q1 24 | $-98.8M | $-1.3B |
自由现金流ATIRIVN
| Q4 25 | $223.1M | $-1.1B | ||
| Q3 25 | $167.0M | $-421.0M | ||
| Q2 25 | $89.4M | $-398.0M | ||
| Q1 25 | $-145.8M | $-526.0M | ||
| Q4 24 | $333.6M | $856.0M | ||
| Q3 24 | $-41.8M | $-1.2B | ||
| Q2 24 | $40.9M | $-1.0B | ||
| Q1 24 | $-164.6M | $-1.5B |
自由现金流率ATIRIVN
| Q4 25 | 19.0% | -89.0% | ||
| Q3 25 | 14.8% | -27.0% | ||
| Q2 25 | 7.8% | -30.5% | ||
| Q1 25 | -12.7% | -42.4% | ||
| Q4 24 | 28.4% | 49.4% | ||
| Q3 24 | -4.0% | -131.9% | ||
| Q2 24 | 3.7% | -89.6% | ||
| Q1 24 | -15.8% | -126.5% |
资本支出强度ATIRIVN
| Q4 25 | 7.9% | 36.0% | ||
| Q3 25 | 5.6% | 28.7% | ||
| Q2 25 | 6.3% | 35.5% | ||
| Q1 25 | 4.7% | 27.3% | ||
| Q4 24 | 4.0% | 18.9% | ||
| Q3 24 | 6.3% | 31.7% | ||
| Q2 24 | 5.5% | 24.4% | ||
| Q1 24 | 6.3% | 21.1% |
现金转化率ATIRIVN
| Q4 25 | 3.27× | — | ||
| Q3 25 | 2.09× | — | ||
| Q2 25 | 1.60× | — | ||
| Q1 25 | -0.95× | — | ||
| Q4 24 | 2.78× | — | ||
| Q3 24 | 0.29× | — | ||
| Q2 24 | 1.23× | — | ||
| Q1 24 | -1.49× | — |
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
ATI
| Other | $527.1M | 45% |
| Advanced Alloys Solutions | $333.5M | 28% |
| Airframes Commercial | $82.0M | 7% |
| Defense | $73.7M | 6% |
| Electronics Market | $53.1M | 5% |
| Internal Customers | $50.9M | 4% |
| Specialty Energy | $29.3M | 2% |
| Medical Market | $12.2M | 1% |
| Construction Mining Market | $7.2M | 1% |
| Other Market | $5.6M | 0% |
| Conventional Energy | $1.9M | 0% |
| Automotive Market | $600.0K | 0% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
