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艾仕得（AXTA）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.的季度营收约是艾仕得的1.0倍（$1.3B vs $1.3B），艾仕得净利率更高（4.8% vs -63.1%，领先67.8%），艾仕得同比增速更快（-3.7% vs -25.8%），艾仕得自由现金流更多（$286.0M vs $-1.1B），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs -1.2%）
艾仕得是源自美国的专业涂料供应商，总部位于宾夕法尼亚州费城，注册地为百慕大。公司主营乘用车、商用车、工业场景及修补用途涂料的研发与生产，业务覆盖全球130个国家，拥有近1.3万名员工，服务超10万家客户。
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。
AXTA vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.0倍
$1.3B
营收增速更快
AXTA
高出22.1%
-25.8%
净利率更高
AXTA
高出67.8%
-63.1%
自由现金流更多
AXTA
多$1.4B
$-1.1B
两年增速更快
RIVN
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.3B |
| 净利润 | $60.0M | $-811.0M |
| 毛利率 | 33.4% | 9.3% |
| 营业利润率 | 12.8% | -64.8% |
| 净利率 | 4.8% | -63.1% |
| 营收同比 | -3.7% | -25.8% |
| 净利润同比 | -56.2% | -9.0% |
| 每股收益（稀释后） | $0.28 | $-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AXTARIVN
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $874.0M | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.3B | $1.2B |
净利润AXTARIVN
| Q4 25 | $60.0M | $-811.0M | ||
| Q3 25 | $110.0M | $-1.2B | ||
| Q2 25 | $109.0M | $-1.1B | ||
| Q1 25 | $99.0M | $-545.0M | ||
| Q4 24 | $137.0M | $-744.0M | ||
| Q3 24 | $101.0M | $-1.1B | ||
| Q2 24 | $112.0M | $-1.5B | ||
| Q1 24 | $41.0M | $-1.4B |
毛利率AXTARIVN
| Q4 25 | 33.4% | 9.3% | ||
| Q3 25 | 34.9% | 1.5% | ||
| Q2 25 | 35.0% | -15.8% | ||
| Q1 25 | 34.3% | 16.6% | ||
| Q4 24 | 34.1% | 9.8% | ||
| Q3 24 | 35.0% | -44.9% | ||
| Q2 24 | 34.0% | -38.9% | ||
| Q1 24 | 33.2% | -43.8% |
营业利润率AXTARIVN
| Q4 25 | 12.8% | -64.8% | ||
| Q3 25 | 15.8% | -63.1% | ||
| Q2 25 | 14.8% | -85.5% | ||
| Q1 25 | 13.9% | -52.8% | ||
| Q4 24 | 14.3% | -38.1% | ||
| Q3 24 | 14.6% | -133.8% | ||
| Q2 24 | 15.2% | -118.7% | ||
| Q1 24 | 9.4% | -123.3% |
净利率AXTARIVN
| Q4 25 | 4.8% | -63.1% | ||
| Q3 25 | 8.5% | -75.3% | ||
| Q2 25 | 8.4% | -85.7% | ||
| Q1 25 | 7.8% | -44.0% | ||
| Q4 24 | 10.5% | -42.9% | ||
| Q3 24 | 7.7% | -125.9% | ||
| Q2 24 | 8.3% | -125.8% | ||
| Q1 24 | 3.2% | -120.1% |
每股收益（稀释后）AXTARIVN
| Q4 25 | $0.28 | $-0.66 | ||
| Q3 25 | $0.51 | $-0.96 | ||
| Q2 25 | $0.50 | $-0.97 | ||
| Q1 25 | $0.45 | $-0.48 | ||
| Q4 24 | $0.63 | $-0.67 | ||
| Q3 24 | $0.46 | $-1.08 | ||
| Q2 24 | $0.51 | $-1.46 | ||
| Q1 24 | $0.18 | $-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 | $657.0M | $6.1B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.3B | $4.6B |
| 总资产 | $7.6B | $14.9B |
| 负债/权益比越低杠杆越低 | 1.36× | — |
8季度趋势，按日历期对齐
现金及短期投资AXTARIVN
| Q4 25 | $657.0M | $6.1B | ||
| Q3 25 | $606.0M | $7.1B | ||
| Q2 25 | $625.0M | $7.5B | ||
| Q1 25 | $575.0M | $7.2B | ||
| Q4 24 | $593.0M | $7.7B | ||
| Q3 24 | $567.0M | $6.7B | ||
| Q2 24 | $840.0M | $7.9B | ||
| Q1 24 | $624.0M | $7.9B |
总债务AXTARIVN
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.6B | $5.5B | ||
| Q1 24 | $3.4B | $4.4B |
股东权益AXTARIVN
| Q4 25 | $2.3B | $4.6B | ||
| Q3 25 | $2.3B | $5.1B | ||
| Q2 25 | $2.3B | $6.1B | ||
| Q1 25 | $2.1B | $6.2B | ||
| Q4 24 | $1.9B | $6.6B | ||
| Q3 24 | $1.9B | $5.9B | ||
| Q2 24 | $1.8B | $6.8B | ||
| Q1 24 | $1.7B | $8.1B |
总资产AXTARIVN
| Q4 25 | $7.6B | $14.9B | ||
| Q3 25 | $7.8B | $15.2B | ||
| Q2 25 | $7.8B | $15.6B | ||
| Q1 25 | $7.4B | $15.5B | ||
| Q4 24 | $7.2B | $15.4B | ||
| Q3 24 | $7.5B | $14.3B | ||
| Q2 24 | $7.3B | $15.4B | ||
| Q1 24 | $7.1B | $15.7B |
负债/权益比AXTARIVN
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 1.50× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 1.84× | — | ||
| Q2 24 | 2.02× | 0.81× | ||
| Q1 24 | 1.97× | 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 | $344.0M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $286.0M | $-1.1B |
| 自由现金流率自由现金流/营收 | 22.7% | -89.0% |
| 资本支出强度资本支出/营收 | 4.6% | 36.0% |
| 现金转化率经营现金流/净利润 | 5.73× | — |
| 过去12个月自由现金流最近4个季度 | $453.0M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流AXTARIVN
| Q4 25 | $344.0M | $-681.0M | ||
| Q3 25 | $137.0M | $26.0M | ||
| Q2 25 | $142.0M | $64.0M | ||
| Q1 25 | $26.0M | $-188.0M | ||
| Q4 24 | $234.0M | $1.2B | ||
| Q3 24 | $194.0M | $-876.0M | ||
| Q2 24 | $114.0M | $-754.0M | ||
| Q1 24 | $34.0M | $-1.3B |
自由现金流AXTARIVN
| Q4 25 | $286.0M | $-1.1B | ||
| Q3 25 | $87.0M | $-421.0M | ||
| Q2 25 | $97.0M | $-398.0M | ||
| Q1 25 | $-17.0M | $-526.0M | ||
| Q4 24 | $172.0M | $856.0M | ||
| Q3 24 | $161.0M | $-1.2B | ||
| Q2 24 | $91.0M | $-1.0B | ||
| Q1 24 | $12.0M | $-1.5B |
自由现金流率AXTARIVN
| Q4 25 | 22.7% | -89.0% | ||
| Q3 25 | 6.8% | -27.0% | ||
| Q2 25 | 7.4% | -30.5% | ||
| Q1 25 | -1.3% | -42.4% | ||
| Q4 24 | 13.1% | 49.4% | ||
| Q3 24 | 12.2% | -131.9% | ||
| Q2 24 | 6.7% | -89.6% | ||
| Q1 24 | 0.9% | -126.5% |
资本支出强度AXTARIVN
| Q4 25 | 4.6% | 36.0% | ||
| Q3 25 | 3.9% | 28.7% | ||
| Q2 25 | 3.4% | 35.5% | ||
| Q1 25 | 3.4% | 27.3% | ||
| Q4 24 | 4.7% | 18.9% | ||
| Q3 24 | 2.5% | 31.7% | ||
| Q2 24 | 1.7% | 24.4% | ||
| Q1 24 | 1.7% | 21.1% |
现金转化率AXTARIVN
| Q4 25 | 5.73× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 1.02× | — | ||
| Q1 24 | 0.83× | — |
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
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
