vs
百富门（BF.B）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.的季度营收约是百富门的1.2倍（$1.3B vs $1.0B），百富门净利率更高（21.6% vs -63.1%，领先84.7%），百富门同比增速更快（-5.4% vs -25.8%），百富门自由现金流更多（$107.0M vs $-1.1B），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs -1.6%）
百富门（Brown-Forman）是美国家族控股上市企业，属全球规模最大的葡萄酒及烈酒经营集团之一，总部位于肯塔基州路易斯维尔。旗下拥有杰克丹尼、伍德福德珍藏、格兰多纳等多个国际知名酒类品牌，曾持有的南方安逸等品牌已于2016年出售。
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。
BF.B vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.2倍
$1.0B
营收增速更快
BF.B
高出20.4%
-25.8%
净利率更高
BF.B
高出84.7%
-63.1%
自由现金流更多
BF.B
多$1.3B
$-1.1B
两年增速更快
RIVN
近两年复合增速
-1.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.3B |
| 净利润 | $224.0M | $-811.0M |
| 毛利率 | 59.4% | 9.3% |
| 营业利润率 | 29.4% | -64.8% |
| 净利率 | 21.6% | -63.1% |
| 营收同比 | -5.4% | -25.8% |
| 净利润同比 | -13.2% | -9.0% |
| 每股收益（稀释后） | $0.47 | $-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BF.BRIVN
| Q4 25 | $1.0B | $1.3B | ||
| Q3 25 | $924.0M | $1.6B | ||
| Q2 25 | $894.0M | $1.3B | ||
| Q1 25 | $1.0B | $1.2B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $951.0M | $874.0M | ||
| Q2 24 | $964.0M | $1.2B | ||
| Q1 24 | $1.1B | $1.2B |
净利润BF.BRIVN
| Q4 25 | $224.0M | $-811.0M | ||
| Q3 25 | $170.0M | $-1.2B | ||
| Q2 25 | $146.0M | $-1.1B | ||
| Q1 25 | $270.0M | $-545.0M | ||
| Q4 24 | $258.0M | $-744.0M | ||
| Q3 24 | $195.0M | $-1.1B | ||
| Q2 24 | $266.0M | $-1.5B | ||
| Q1 24 | $285.0M | $-1.4B |
毛利率BF.BRIVN
| Q4 25 | 59.4% | 9.3% | ||
| Q3 25 | 59.7% | 1.5% | ||
| Q2 25 | 57.4% | -15.8% | ||
| Q1 25 | 59.8% | 16.6% | ||
| Q4 24 | 59.0% | 9.8% | ||
| Q3 24 | 59.4% | -44.9% | ||
| Q2 24 | 59.0% | -38.9% | ||
| Q1 24 | 59.4% | -43.8% |
营业利润率BF.BRIVN
| Q4 25 | 29.4% | -64.8% | ||
| Q3 25 | 28.1% | -63.1% | ||
| Q2 25 | 22.9% | -85.5% | ||
| Q1 25 | 27.1% | -52.8% | ||
| Q4 24 | 31.1% | -38.1% | ||
| Q3 24 | 29.5% | -133.8% | ||
| Q2 24 | 38.9% | -118.7% | ||
| Q1 24 | 34.9% | -123.3% |
净利率BF.BRIVN
| Q4 25 | 21.6% | -63.1% | ||
| Q3 25 | 18.4% | -75.3% | ||
| Q2 25 | 16.3% | -85.7% | ||
| Q1 25 | 26.1% | -44.0% | ||
| Q4 24 | 23.6% | -42.9% | ||
| Q3 24 | 20.5% | -125.9% | ||
| Q2 24 | 27.6% | -125.8% | ||
| Q1 24 | 26.7% | -120.1% |
每股收益（稀释后）BF.BRIVN
| Q4 25 | $0.47 | $-0.66 | ||
| Q3 25 | $0.36 | $-0.96 | ||
| Q2 25 | $0.31 | $-0.97 | ||
| Q1 25 | $0.57 | $-0.48 | ||
| Q4 24 | $0.55 | $-0.67 | ||
| Q3 24 | $0.41 | $-1.08 | ||
| Q2 24 | $0.56 | $-1.46 | ||
| Q1 24 | $0.60 | $-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 | $319.0M | $6.1B |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $4.1B | $4.6B |
| 总资产 | $8.2B | $14.9B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资BF.BRIVN
| Q4 25 | $319.0M | $6.1B | ||
| Q3 25 | $471.0M | $7.1B | ||
| Q2 25 | $444.0M | $7.5B | ||
| Q1 25 | $599.0M | $7.2B | ||
| Q4 24 | $416.0M | $7.7B | ||
| Q3 24 | $416.0M | $6.7B | ||
| Q2 24 | $446.0M | $7.9B | ||
| Q1 24 | $589.0M | $7.9B |
总债务BF.BRIVN
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | $5.5B | ||
| Q1 24 | $2.7B | $4.4B |
股东权益BF.BRIVN
| Q4 25 | $4.1B | $4.6B | ||
| Q3 25 | $4.0B | $5.1B | ||
| Q2 25 | $4.0B | $6.1B | ||
| Q1 25 | $3.8B | $6.2B | ||
| Q4 24 | $3.7B | $6.6B | ||
| Q3 24 | $3.5B | $5.9B | ||
| Q2 24 | $3.5B | $6.8B | ||
| Q1 24 | $3.2B | $8.1B |
总资产BF.BRIVN
| Q4 25 | $8.2B | $14.9B | ||
| Q3 25 | $8.2B | $15.2B | ||
| Q2 25 | $8.1B | $15.6B | ||
| Q1 25 | $8.1B | $15.5B | ||
| Q4 24 | $8.3B | $15.4B | ||
| Q3 24 | $8.2B | $14.3B | ||
| Q2 24 | $8.2B | $15.4B | ||
| Q1 24 | $8.2B | $15.7B |
负债/权益比BF.BRIVN
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 0.76× | 0.81× | ||
| Q1 24 | 0.83× | 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 | $132.0M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $-1.1B |
| 自由现金流率自由现金流/营收 | 10.3% | -89.0% |
| 资本支出强度资本支出/营收 | 2.4% | 36.0% |
| 现金转化率经营现金流/净利润 | 0.59× | — |
| 过去12个月自由现金流最近4个季度 | $610.0M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流BF.BRIVN
| Q4 25 | $132.0M | $-681.0M | ||
| Q3 25 | $160.0M | $26.0M | ||
| Q2 25 | $152.0M | $64.0M | ||
| Q1 25 | $317.0M | $-188.0M | ||
| Q4 24 | $112.0M | $1.2B | ||
| Q3 24 | $17.0M | $-876.0M | ||
| Q2 24 | $285.0M | $-754.0M | ||
| Q1 24 | $265.0M | $-1.3B |
自由现金流BF.BRIVN
| Q4 25 | $107.0M | $-1.1B | ||
| Q3 25 | $129.0M | $-421.0M | ||
| Q2 25 | $102.0M | $-398.0M | ||
| Q1 25 | $272.0M | $-526.0M | ||
| Q4 24 | $81.0M | $856.0M | ||
| Q3 24 | $-24.0M | $-1.2B | ||
| Q2 24 | $205.0M | $-1.0B | ||
| Q1 24 | $196.0M | $-1.5B |
自由现金流率BF.BRIVN
| Q4 25 | 10.3% | -89.0% | ||
| Q3 25 | 14.0% | -27.0% | ||
| Q2 25 | 11.4% | -30.5% | ||
| Q1 25 | 26.3% | -42.4% | ||
| Q4 24 | 7.4% | 49.4% | ||
| Q3 24 | -2.5% | -131.9% | ||
| Q2 24 | 21.3% | -89.6% | ||
| Q1 24 | 18.3% | -126.5% |
资本支出强度BF.BRIVN
| Q4 25 | 2.4% | 36.0% | ||
| Q3 25 | 3.4% | 28.7% | ||
| Q2 25 | 5.6% | 35.5% | ||
| Q1 25 | 4.3% | 27.3% | ||
| Q4 24 | 2.8% | 18.9% | ||
| Q3 24 | 4.3% | 31.7% | ||
| Q2 24 | 8.3% | 24.4% | ||
| Q1 24 | 6.5% | 21.1% |
现金转化率BF.BRIVN
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.94× | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.09× | — | ||
| Q2 24 | 1.07× | — | ||
| Q1 24 | 0.93× | — |
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
BF.B
| Whiskey | $771.0M | 74% |
| Ready To Drink | $138.0M | 13% |
| Tequila | $67.0M | 6% |
| Restofportfolio | $52.0M | 5% |
| Nonbrandedandbulk | $8.0M | 1% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
