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Brighthouse Financial, Inc.（BHF）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
Brighthouse Financial, Inc.的季度营收约是Rivian Automotive, Inc.的1.3倍（$1.7B vs $1.3B），Brighthouse Financial, Inc.净利率更高（8.1% vs -63.1%，领先71.2%），Brighthouse Financial, Inc.同比增速更快（40.2% vs -25.8%），过去两年Brighthouse Financial, Inc.的营收复合增速更高（9.8% vs 3.3%）
Brighthouse Financial是总部位于美国北卡罗来纳州夏洛特的保险公司，核心业务为销售年金和人寿保险产品。截至2018年3月，该公司是美国规模领先的年金和人寿保险提供商之一，总资产达2190亿美元，有效保单及年金合约数量约260万份。
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。
BHF vs RIVN — 直观对比
营收规模更大
BHF
是对方的1.3倍
$1.3B
营收增速更快
BHF
高出66.0%
-25.8%
净利率更高
BHF
高出71.2%
-63.1%
两年增速更快
BHF
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.3B |
| 净利润 | $137.0M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | 8.9% | -64.8% |
| 净利率 | 8.1% | -63.1% |
| 营收同比 | 40.2% | -25.8% |
| 净利润同比 | -79.6% | -9.0% |
| 每股收益（稀释后） | $1.84 | $-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BHFRIVN
| Q4 25 | $1.7B | $1.3B | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $871.0M | $1.3B | ||
| Q1 25 | $2.4B | $1.2B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $2.0B | $874.0M | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | — | $1.2B |
净利润BHFRIVN
| Q4 25 | $137.0M | $-811.0M | ||
| Q3 25 | $479.0M | $-1.2B | ||
| Q2 25 | $85.0M | $-1.1B | ||
| Q1 25 | $-268.0M | $-545.0M | ||
| Q4 24 | $671.0M | $-744.0M | ||
| Q3 24 | $176.0M | $-1.1B | ||
| Q2 24 | $34.0M | $-1.5B | ||
| Q1 24 | — | $-1.4B |
毛利率BHFRIVN
| 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BHFRIVN
| Q4 25 | 8.9% | -64.8% | ||
| Q3 25 | 32.2% | -63.1% | ||
| Q2 25 | 10.7% | -85.5% | ||
| Q1 25 | -14.8% | -52.8% | ||
| Q4 24 | 69.2% | -38.1% | ||
| Q3 24 | 9.3% | -133.8% | ||
| Q2 24 | 1.0% | -118.7% | ||
| Q1 24 | — | -123.3% |
净利率BHFRIVN
| Q4 25 | 8.1% | -63.1% | ||
| Q3 25 | 26.4% | -75.3% | ||
| Q2 25 | 9.8% | -85.7% | ||
| Q1 25 | -11.2% | -44.0% | ||
| Q4 24 | 55.7% | -42.9% | ||
| Q3 24 | 8.7% | -125.9% | ||
| Q2 24 | 2.4% | -125.8% | ||
| Q1 24 | — | -120.1% |
每股收益（稀释后）BHFRIVN
| Q4 25 | $1.84 | $-0.66 | ||
| Q3 25 | $7.89 | $-0.96 | ||
| Q2 25 | $1.02 | $-0.97 | ||
| Q1 25 | $-5.04 | $-0.48 | ||
| Q4 24 | $10.27 | $-0.67 | ||
| Q3 24 | $2.47 | $-1.08 | ||
| Q2 24 | $0.12 | $-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 | — | $6.1B |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $6.8B | $4.6B |
| 总资产 | $241.8B | $14.9B |
| 负债/权益比越低杠杆越低 | 0.47× | — |
8季度趋势，按日历期对齐
现金及短期投资BHFRIVN
| Q4 25 | — | $6.1B | ||
| Q3 25 | — | $7.1B | ||
| Q2 25 | — | $7.5B | ||
| Q1 25 | — | $7.2B | ||
| Q4 24 | $1.9B | $7.7B | ||
| Q3 24 | $1.8B | $6.7B | ||
| Q2 24 | $1.4B | $7.9B | ||
| Q1 24 | — | $7.9B |
总债务BHFRIVN
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益BHFRIVN
| Q4 25 | $6.8B | $4.6B | ||
| Q3 25 | $6.4B | $5.1B | ||
| Q2 25 | $5.7B | $6.1B | ||
| Q1 25 | $5.2B | $6.2B | ||
| Q4 24 | $5.0B | $6.6B | ||
| Q3 24 | $5.5B | $5.9B | ||
| Q2 24 | $4.1B | $6.8B | ||
| Q1 24 | — | $8.1B |
总资产BHFRIVN
| Q4 25 | $241.8B | $14.9B | ||
| Q3 25 | $244.7B | $15.2B | ||
| Q2 25 | $242.6B | $15.6B | ||
| Q1 25 | $234.7B | $15.5B | ||
| Q4 24 | $238.5B | $15.4B | ||
| Q3 24 | $245.2B | $14.3B | ||
| Q2 24 | $237.4B | $15.4B | ||
| Q1 24 | — | $15.7B |
负债/权益比BHFRIVN
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.56× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.57× | — | ||
| Q2 24 | 0.76× | 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 | $-3.0M | $-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 | -0.02× | — |
| 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BHFRIVN
| Q4 25 | $-3.0M | $-681.0M | ||
| Q3 25 | $117.0M | $26.0M | ||
| Q2 25 | $-1.0M | $64.0M | ||
| Q1 25 | $146.0M | $-188.0M | ||
| Q4 24 | $-118.0M | $1.2B | ||
| Q3 24 | $24.0M | $-876.0M | ||
| Q2 24 | $334.0M | $-754.0M | ||
| Q1 24 | — | $-1.3B |
自由现金流BHFRIVN
| 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BHFRIVN
| 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BHFRIVN
| 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BHFRIVN
| Q4 25 | -0.02× | — | ||
| Q3 25 | 0.24× | — | ||
| Q2 25 | -0.01× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.18× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 9.82× | — | ||
| Q1 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
BHF
| Annuities | $926.0M | 55% |
| Runoff | $319.0M | 19% |
| Life | $298.0M | 18% |
| Other | $78.0M | 5% |
| Distribution Service | $66.0M | 4% |
| Accident And Health Insurance Segment | $2.0M | 0% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
