vs
Bloom Energy Corp（BE）与蔚来（NIO）财务数据对比。点击上方公司名可切换其他公司
蔚来的季度营收约是Bloom Energy Corp的6.3倍（$4.7B vs $751.1M），Bloom Energy Corp净利率更高（9.4% vs 0.8%，领先8.6%）
Bloom Energy Corp是一家能源技术企业，由印裔美国工程师、发明家、企业家KR·斯里达尔创立，他同时担任公司董事长兼首席执行官。斯里达尔此前曾任亚利桑那大学航空航天与机械工程教授、空间技术实验室主任，曾为NASA提供顾问服务，现为美国国家工程院院士。
蔚来是中国本土新能源汽车制造商，总部位于上海，2014年成立，2016年正式启用现有品牌名称。公司专注于智能电动汽车的研发、设计与销售，产品覆盖轿车、SUV等多个品类，近年已将业务拓展至智能手机研发领域。
BE vs NIO — 直观对比
营收规模更大
NIO
是对方的6.3倍
$751.1M
净利率更高
BE
高出8.6%
0.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $751.1M | $4.7B |
| 净利润 | $70.7M | $38.7M |
| 毛利率 | 30.0% | 17.5% |
| 营业利润率 | 17.3% | 1.5% |
| 净利率 | 9.4% | 0.8% |
| 营收同比 | -3.4% | — |
| 净利润同比 | 396.7% | — |
| 每股收益（稀释后） | $0.44 | $0.05 |
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BENIO
| Q1 26 | $751.1M | $4.7B | ||
| Q4 25 | $772.8M | — | ||
| Q3 25 | $513.3M | $3.0B | ||
| Q2 25 | $396.3M | $2.6B | ||
| Q1 25 | $319.3M | $2.7B | ||
| Q4 24 | $567.0M | — | ||
| Q3 24 | $321.8M | — | ||
| Q2 24 | $326.5M | — |
净利润BENIO
| Q1 26 | $70.7M | $38.7M | ||
| Q4 25 | $1.4M | — | ||
| Q3 25 | $-23.0M | $-505.2M | ||
| Q2 25 | $-42.2M | $-709.5M | ||
| Q1 25 | $-23.4M | $-984.2M | ||
| Q4 24 | $105.2M | — | ||
| Q3 24 | $-14.6M | — | ||
| Q2 24 | $-61.2M | — |
毛利率BENIO
| Q1 26 | 30.0% | 17.5% | ||
| Q4 25 | 31.0% | — | ||
| Q3 25 | 29.5% | 13.9% | ||
| Q2 25 | 27.0% | 10.0% | ||
| Q1 25 | 27.8% | 11.7% | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | 21.0% | — |
营业利润率BENIO
| Q1 26 | 17.3% | 1.5% | ||
| Q4 25 | 11.3% | — | ||
| Q3 25 | 1.5% | -16.2% | ||
| Q2 25 | -0.9% | -25.8% | ||
| Q1 25 | -6.0% | -30.6% | ||
| Q4 24 | 18.5% | — | ||
| Q3 24 | -3.0% | — | ||
| Q2 24 | -7.1% | — |
净利率BENIO
| Q1 26 | 9.4% | 0.8% | ||
| Q4 25 | 0.2% | — | ||
| Q3 25 | -4.5% | -16.8% | ||
| Q2 25 | -10.6% | -27.0% | ||
| Q1 25 | -7.3% | -36.2% | ||
| Q4 24 | 18.5% | — | ||
| Q3 24 | -4.5% | — | ||
| Q2 24 | -18.7% | — |
每股收益（稀释后）BENIO
| Q1 26 | $0.44 | $0.05 | ||
| Q4 25 | $99.91 | — | ||
| Q3 25 | $-100.00 | $-1.51 | ||
| Q2 25 | $-0.18 | $-2.31 | ||
| Q1 25 | $-0.10 | $-3.47 | ||
| Q4 24 | $0.45 | — | ||
| Q3 24 | $-0.06 | — | ||
| Q2 24 | $-0.27 | — |
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 | — | $4.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $948.0K | $594.8M |
| 总资产 | $4.7B | $17.8B |
| 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BENIO
| Q1 26 | — | $4.4B | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $595.1M | — | ||
| Q2 25 | $574.8M | $2.5B | ||
| Q1 25 | $794.8M | $4.6B | ||
| Q4 24 | $802.9M | — | ||
| Q3 24 | $495.7M | — | ||
| Q2 24 | $581.7M | — |
总债务BENIO
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — |
股东权益BENIO
| Q1 26 | $948.0K | $594.8M | ||
| Q4 25 | $768.6M | — | ||
| Q3 25 | $653.1M | — | ||
| Q2 25 | $594.6M | $-168.3M | ||
| Q1 25 | $578.3M | $817.5M | ||
| Q4 24 | $562.5M | — | ||
| Q3 24 | $430.9M | — | ||
| Q2 24 | $423.3M | — |
总资产BENIO
| Q1 26 | $4.7B | $17.8B | ||
| Q4 25 | $4.4B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.5B | $14.0B | ||
| Q1 25 | $2.6B | $14.7B | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.5B | — |
负债/权益比BENIO
| Q1 26 | — | — | ||
| Q4 25 | 3.41× | — | ||
| Q3 25 | 1.73× | — | ||
| Q2 25 | 1.91× | — | ||
| Q1 25 | 1.96× | — | ||
| Q4 24 | 2.01× | — | ||
| Q3 24 | 2.62× | — | ||
| Q2 24 | 2.66× | — |
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 | — | $427.9M |
| 自由现金流经营现金流 - 资本支出 | — | $-439.4M |
| 自由现金流率自由现金流/营收 | — | -9.3% |
| 资本支出强度资本支出/营收 | — | 18.4% |
| 现金转化率经营现金流/净利润 | — | 11.07× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BENIO
| Q1 26 | — | $427.9M | ||
| Q4 25 | $418.1M | — | ||
| Q3 25 | $19.7M | — | ||
| Q2 25 | $-213.1M | — | ||
| Q1 25 | $-110.7M | $-1.1B | ||
| Q4 24 | $484.2M | — | ||
| Q3 24 | $-69.5M | — | ||
| Q2 24 | $-175.5M | — |
自由现金流BENIO
| Q1 26 | — | $-439.4M | ||
| Q4 25 | $395.1M | — | ||
| Q3 25 | $7.4M | — | ||
| Q2 25 | $-220.4M | — | ||
| Q1 25 | $-124.9M | $-2.3B | ||
| Q4 24 | $473.1M | — | ||
| Q3 24 | $-83.8M | — | ||
| Q2 24 | $-187.5M | — |
自由现金流率BENIO
| Q1 26 | — | -9.3% | ||
| Q4 25 | 51.1% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | -55.6% | — | ||
| Q1 25 | -39.1% | -85.6% | ||
| Q4 24 | 83.4% | — | ||
| Q3 24 | -26.0% | — | ||
| Q2 24 | -57.4% | — |
资本支出强度BENIO
| Q1 26 | — | 18.4% | ||
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 4.5% | 46.1% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 3.7% | — |
现金转化率BENIO
| Q1 26 | — | 11.07× | ||
| Q4 25 | 293.18× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.60× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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
BE
| Product | $653.3M | 87% |
| Service | $61.9M | 8% |
| Installation | $25.9M | 3% |
| Electricity | $9.9M | 1% |
NIO
暂无分部数据
