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布鲁克菲尔德资产管理（BAM）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.的季度营收约是布鲁克菲尔德资产管理的1.2倍（$1.3B vs $1.1B），布鲁克菲尔德资产管理净利率更高（56.7% vs -63.1%，领先119.7%）
布鲁克菲尔德资产管理有限公司是加美两地的另类资产管理机构，2022年12月从布鲁克菲尔德集团的资管业务分拆成立，在全球范围内管理不动产、基础设施、可再生能源、私募股权及信贷市场等领域的投资。
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。
BAM vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.2倍
$1.1B
净利率更高
BAM
高出119.7%
-63.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.3B |
| 净利润 | $615.0M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | 84.2% | -64.8% |
| 净利率 | 56.7% | -63.1% |
| 营收同比 | — | -25.8% |
| 净利润同比 | — | -9.0% |
| 每股收益（稀释后） | — | $-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BAMRIVN
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $974.0M | $1.6B | ||
| Q2 25 | $931.0M | $1.3B | ||
| Q1 25 | $954.0M | $1.2B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $873.0M | $874.0M | ||
| Q2 24 | $821.0M | $1.2B | ||
| Q1 24 | $786.0M | $1.2B |
净利润BAMRIVN
| Q4 25 | $615.0M | $-811.0M | ||
| Q3 25 | $692.0M | $-1.2B | ||
| Q2 25 | $584.0M | $-1.1B | ||
| Q1 25 | $507.0M | $-545.0M | ||
| Q4 24 | — | $-744.0M | ||
| Q3 24 | $537.0M | $-1.1B | ||
| Q2 24 | $124.0M | $-1.5B | ||
| Q1 24 | $373.0M | $-1.4B |
毛利率BAMRIVN
| 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BAMRIVN
| Q4 25 | 84.2% | -64.8% | ||
| Q3 25 | 79.1% | -63.1% | ||
| Q2 25 | 70.8% | -85.5% | ||
| Q1 25 | 61.0% | -52.8% | ||
| Q4 24 | — | -38.1% | ||
| Q3 24 | 72.5% | -133.8% | ||
| Q2 24 | 80.4% | -118.7% | ||
| Q1 24 | 56.5% | -123.3% |
净利率BAMRIVN
| Q4 25 | 56.7% | -63.1% | ||
| Q3 25 | 71.0% | -75.3% | ||
| Q2 25 | 62.7% | -85.7% | ||
| Q1 25 | 53.1% | -44.0% | ||
| Q4 24 | — | -42.9% | ||
| Q3 24 | 61.5% | -125.9% | ||
| Q2 24 | 15.1% | -125.8% | ||
| Q1 24 | 47.5% | -120.1% |
每股收益（稀释后）BAMRIVN
| Q4 25 | — | $-0.66 | ||
| Q3 25 | — | $-0.96 | ||
| Q2 25 | — | $-0.97 | ||
| Q1 25 | — | $-0.48 | ||
| Q4 24 | — | $-0.67 | ||
| Q3 24 | — | $-1.08 | ||
| Q2 24 | — | $-1.46 | ||
| Q1 24 | — | $-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 | $1.6B | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.9B | $4.6B |
| 总资产 | $17.0B | $14.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BAMRIVN
| Q4 25 | $1.6B | $6.1B | ||
| Q3 25 | $1.1B | $7.1B | ||
| Q2 25 | $480.0M | $7.5B | ||
| Q1 25 | $332.0M | $7.2B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | $10.0M | $7.9B | ||
| Q1 24 | — | $7.9B |
总债务BAMRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益BAMRIVN
| Q4 25 | $8.9B | $4.6B | ||
| Q3 25 | $8.5B | $5.1B | ||
| Q2 25 | $8.5B | $6.1B | ||
| Q1 25 | $8.5B | $6.2B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | $9.0B | $5.9B | ||
| Q2 24 | $3.2B | $6.8B | ||
| Q1 24 | $2.2B | $8.1B |
总资产BAMRIVN
| Q4 25 | $17.0B | $14.9B | ||
| Q3 25 | $16.5B | $15.2B | ||
| Q2 25 | $16.1B | $15.6B | ||
| Q1 25 | $15.0B | $15.5B | ||
| Q4 24 | — | $15.4B | ||
| Q3 24 | — | $14.3B | ||
| Q2 24 | $4.2B | $15.4B | ||
| Q1 24 | — | $15.7B |
负债/权益比BAMRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 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 | $562.0M | $-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 | — | 36.0% |
| 现金转化率经营现金流/净利润 | 0.91× | — |
| 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
经营现金流BAMRIVN
| Q4 25 | $562.0M | $-681.0M | ||
| Q3 25 | $745.0M | $26.0M | ||
| Q2 25 | $529.0M | $64.0M | ||
| Q1 25 | $265.0M | $-188.0M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $567.0M | $-876.0M | ||
| Q2 24 | $159.0M | $-754.0M | ||
| Q1 24 | $516.0M | $-1.3B |
自由现金流BAMRIVN
| 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 24 | — | $-1.5B |
自由现金流率BAMRIVN
| 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 24 | — | -126.5% |
资本支出强度BAMRIVN
| 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 24 | — | 21.1% |
现金转化率BAMRIVN
| Q4 25 | 0.91× | — | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.06× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 1.38× | — |
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
BAM
| Incentive Fees | $452.0M | 42% |
| Infrastruture | $332.0M | 31% |
| Private Equity | $174.0M | 16% |
| Renewable Power And Transition | $66.0M | 6% |
| Other | $47.0M | 4% |
| Management And Advisory Fees | $14.0M | 1% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
