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阿普塔集团（ATR）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.的季度营收约是阿普塔集团的1.3倍（$1.3B vs $962.7M），阿普塔集团净利率更高（7.7% vs -63.1%，领先70.8%），阿普塔集团同比增速更快（13.5% vs -25.8%），阿普塔集团自由现金流更多（$96.9M vs $-1.1B），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs 2.6%）
阿普塔集团（AptarGroup, Inc.）是总部位于美国的全球性制造企业，主营消费品分配包装产品及药物给药装置的研发与生产，目前在全球18个国家设有生产运营基地，服务医药、快消等多领域客户。
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。
ATR vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.3倍
$962.7M
营收增速更快
ATR
高出39.4%
-25.8%
净利率更高
ATR
高出70.8%
-63.1%
自由现金流更多
ATR
多$1.2B
$-1.1B
两年增速更快
RIVN
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $962.7M | $1.3B |
| 净利润 | $74.3M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | 11.0% | -64.8% |
| 净利率 | 7.7% | -63.1% |
| 营收同比 | 13.5% | -25.8% |
| 净利润同比 | -26.4% | -9.0% |
| 每股收益（稀释后） | $1.13 | $-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ATRRIVN
| Q4 25 | $962.7M | $1.3B | ||
| Q3 25 | $961.1M | $1.6B | ||
| Q2 25 | $966.0M | $1.3B | ||
| Q1 25 | $887.3M | $1.2B | ||
| Q4 24 | $848.1M | $1.7B | ||
| Q3 24 | $909.3M | $874.0M | ||
| Q2 24 | $910.1M | $1.2B | ||
| Q1 24 | $915.4M | $1.2B |
净利润ATRRIVN
| Q4 25 | $74.3M | $-811.0M | ||
| Q3 25 | $127.9M | $-1.2B | ||
| Q2 25 | $111.7M | $-1.1B | ||
| Q1 25 | $78.8M | $-545.0M | ||
| Q4 24 | $100.9M | $-744.0M | ||
| Q3 24 | $100.0M | $-1.1B | ||
| Q2 24 | $90.5M | $-1.5B | ||
| Q1 24 | $83.1M | $-1.4B |
毛利率ATRRIVN
| 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ATRRIVN
| Q4 25 | 11.0% | -64.8% | ||
| Q3 25 | 14.2% | -63.1% | ||
| Q2 25 | 14.9% | -85.5% | ||
| Q1 25 | 12.8% | -52.8% | ||
| Q4 24 | 14.2% | -38.1% | ||
| Q3 24 | 15.2% | -133.8% | ||
| Q2 24 | 13.8% | -118.7% | ||
| Q1 24 | 12.2% | -123.3% |
净利率ATRRIVN
| Q4 25 | 7.7% | -63.1% | ||
| Q3 25 | 13.3% | -75.3% | ||
| Q2 25 | 11.6% | -85.7% | ||
| Q1 25 | 8.9% | -44.0% | ||
| Q4 24 | 11.9% | -42.9% | ||
| Q3 24 | 11.0% | -125.9% | ||
| Q2 24 | 9.9% | -125.8% | ||
| Q1 24 | 9.1% | -120.1% |
每股收益（稀释后）ATRRIVN
| Q4 25 | $1.13 | $-0.66 | ||
| Q3 25 | $1.92 | $-0.96 | ||
| Q2 25 | $1.67 | $-0.97 | ||
| Q1 25 | $1.17 | $-0.48 | ||
| Q4 24 | $1.48 | $-0.67 | ||
| Q3 24 | $1.48 | $-1.08 | ||
| Q2 24 | $1.34 | $-1.46 | ||
| Q1 24 | $1.23 | $-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 | $409.5M | $6.1B |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $2.7B | $4.6B |
| 总资产 | $5.3B | $14.9B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资ATRRIVN
| Q4 25 | $409.5M | $6.1B | ||
| Q3 25 | $264.8M | $7.1B | ||
| Q2 25 | $169.8M | $7.5B | ||
| Q1 25 | $136.8M | $7.2B | ||
| Q4 24 | $226.2M | $7.7B | ||
| Q3 24 | $327.9M | $6.7B | ||
| Q2 24 | $223.9M | $7.9B | ||
| Q1 24 | $201.1M | $7.9B |
总债务ATRRIVN
| Q4 25 | $1.1B | — | ||
| Q3 25 | $546.0M | — | ||
| Q2 25 | $535.1M | — | ||
| Q1 25 | $561.2M | — | ||
| Q4 24 | $688.1M | — | ||
| Q3 24 | $822.7M | — | ||
| Q2 24 | $681.5M | $5.5B | ||
| Q1 24 | $680.4M | $4.4B |
股东权益ATRRIVN
| Q4 25 | $2.7B | $4.6B | ||
| Q3 25 | $2.8B | $5.1B | ||
| Q2 25 | $2.7B | $6.1B | ||
| Q1 25 | $2.5B | $6.2B | ||
| Q4 24 | $2.5B | $6.6B | ||
| Q3 24 | $2.5B | $5.9B | ||
| Q2 24 | $2.4B | $6.8B | ||
| Q1 24 | $2.3B | $8.1B |
总资产ATRRIVN
| Q4 25 | $5.3B | $14.9B | ||
| Q3 25 | $5.1B | $15.2B | ||
| Q2 25 | $4.9B | $15.6B | ||
| Q1 25 | $4.5B | $15.5B | ||
| Q4 24 | $4.4B | $15.4B | ||
| Q3 24 | $4.6B | $14.3B | ||
| Q2 24 | $4.5B | $15.4B | ||
| Q1 24 | $4.4B | $15.7B |
负债/权益比ATRRIVN
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 0.28× | — | ||
| Q3 24 | 0.32× | — | ||
| Q2 24 | 0.28× | 0.81× | ||
| Q1 24 | 0.29× | 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 | $183.7M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $96.9M | $-1.1B |
| 自由现金流率自由现金流/营收 | 10.1% | -89.0% |
| 资本支出强度资本支出/营收 | 9.0% | 36.0% |
| 现金转化率经营现金流/净利润 | 2.47× | — |
| 过去12个月自由现金流最近4个季度 | $299.6M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流ATRRIVN
| Q4 25 | $183.7M | $-681.0M | ||
| Q3 25 | $177.6M | $26.0M | ||
| Q2 25 | $126.0M | $64.0M | ||
| Q1 25 | $82.7M | $-188.0M | ||
| Q4 24 | $178.2M | $1.2B | ||
| Q3 24 | $229.3M | $-876.0M | ||
| Q2 24 | $143.6M | $-754.0M | ||
| Q1 24 | $92.3M | $-1.3B |
自由现金流ATRRIVN
| Q4 25 | $96.9M | $-1.1B | ||
| Q3 25 | $114.3M | $-421.0M | ||
| Q2 25 | $62.5M | $-398.0M | ||
| Q1 25 | $25.9M | $-526.0M | ||
| Q4 24 | $112.2M | $856.0M | ||
| Q3 24 | $162.7M | $-1.2B | ||
| Q2 24 | $75.4M | $-1.0B | ||
| Q1 24 | $16.7M | $-1.5B |
自由现金流率ATRRIVN
| Q4 25 | 10.1% | -89.0% | ||
| Q3 25 | 11.9% | -27.0% | ||
| Q2 25 | 6.5% | -30.5% | ||
| Q1 25 | 2.9% | -42.4% | ||
| Q4 24 | 13.2% | 49.4% | ||
| Q3 24 | 17.9% | -131.9% | ||
| Q2 24 | 8.3% | -89.6% | ||
| Q1 24 | 1.8% | -126.5% |
资本支出强度ATRRIVN
| Q4 25 | 9.0% | 36.0% | ||
| Q3 25 | 6.6% | 28.7% | ||
| Q2 25 | 6.6% | 35.5% | ||
| Q1 25 | 6.4% | 27.3% | ||
| Q4 24 | 7.8% | 18.9% | ||
| Q3 24 | 7.3% | 31.7% | ||
| Q2 24 | 7.5% | 24.4% | ||
| Q1 24 | 8.3% | 21.1% |
现金转化率ATRRIVN
| Q4 25 | 2.47× | — | ||
| Q3 25 | 1.39× | — | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 2.29× | — | ||
| Q2 24 | 1.59× | — | ||
| Q1 24 | 1.11× | — |
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
ATR
| Pharma Segment | $833.1M | 87% |
| Other | $129.6M | 13% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
