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Cboe Global Markets（CBOE）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Cboe Global Markets的1.1倍（$1.3B vs $1.2B），Cboe Global Markets净利率更高（26.0% vs -63.1%，领先89.1%），Cboe Global Markets同比增速更快（8.7% vs -25.8%），Cboe Global Markets自由现金流更多（$332.1M vs $-1.1B），过去两年Cboe Global Markets的营收复合增速更高（12.2% vs 3.3%）
Cboe Global Markets是总部位于美国芝加哥的金融交易所运营集团，旗下拥有并运营多类交易所及交易场所，业务覆盖股票、期权、期货、数字资产等多个交易领域，为全球市场参与者提供专业交易服务支持。
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。
CBOE vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.1倍
$1.2B
营收增速更快
CBOE
高出34.5%
-25.8%
净利率更高
CBOE
高出89.1%
-63.1%
自由现金流更多
CBOE
多$1.5B
$-1.1B
两年增速更快
CBOE
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.3B |
| 净利润 | $313.5M | $-811.0M |
| 毛利率 | 55.7% | 9.3% |
| 营业利润率 | 33.5% | -64.8% |
| 净利率 | 26.0% | -63.1% |
| 营收同比 | 8.7% | -25.8% |
| 净利润同比 | 59.5% | -9.0% |
| 每股收益（稀释后） | $2.97 | $-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CBOERIVN
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.1B | $874.0M | ||
| Q2 24 | $974.0M | $1.2B | ||
| Q1 24 | $957.2M | $1.2B |
净利润CBOERIVN
| Q4 25 | $313.5M | $-811.0M | ||
| Q3 25 | $300.8M | $-1.2B | ||
| Q2 25 | $235.1M | $-1.1B | ||
| Q1 25 | $250.6M | $-545.0M | ||
| Q4 24 | $196.5M | $-744.0M | ||
| Q3 24 | $218.5M | $-1.1B | ||
| Q2 24 | $140.4M | $-1.5B | ||
| Q1 24 | $209.5M | $-1.4B |
毛利率CBOERIVN
| Q4 25 | 55.7% | 9.3% | ||
| Q3 25 | 53.0% | 1.5% | ||
| Q2 25 | 50.0% | -15.8% | ||
| Q1 25 | 47.3% | 16.6% | ||
| Q4 24 | 47.4% | 9.8% | ||
| Q3 24 | 50.4% | -44.9% | ||
| Q2 24 | 52.8% | -38.9% | ||
| Q1 24 | 52.5% | -43.8% |
营业利润率CBOERIVN
| Q4 25 | 33.5% | -64.8% | ||
| Q3 25 | 32.4% | -63.1% | ||
| Q2 25 | 28.9% | -85.5% | ||
| Q1 25 | 29.6% | -52.8% | ||
| Q4 24 | 27.0% | -38.1% | ||
| Q3 24 | 29.1% | -133.8% | ||
| Q2 24 | 21.6% | -118.7% | ||
| Q1 24 | 29.5% | -123.3% |
净利率CBOERIVN
| Q4 25 | 26.0% | -63.1% | ||
| Q3 25 | 26.3% | -75.3% | ||
| Q2 25 | 20.0% | -85.7% | ||
| Q1 25 | 21.0% | -44.0% | ||
| Q4 24 | 17.7% | -42.9% | ||
| Q3 24 | 20.7% | -125.9% | ||
| Q2 24 | 14.4% | -125.8% | ||
| Q1 24 | 21.9% | -120.1% |
每股收益（稀释后）CBOERIVN
| Q4 25 | $2.97 | $-0.66 | ||
| Q3 25 | $2.85 | $-0.96 | ||
| Q2 25 | $2.23 | $-0.97 | ||
| Q1 25 | $2.37 | $-0.48 | ||
| Q4 24 | $1.85 | $-0.67 | ||
| Q3 24 | $2.07 | $-1.08 | ||
| Q2 24 | $1.33 | $-1.46 | ||
| Q1 24 | $1.96 | $-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 | $2.3B | $6.1B |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $5.1B | $4.6B |
| 总资产 | $9.3B | $14.9B |
| 负债/权益比越低杠杆越低 | 0.28× | — |
8季度趋势，按日历期对齐
现金及短期投资CBOERIVN
| Q4 25 | $2.3B | $6.1B | ||
| Q3 25 | $1.5B | $7.1B | ||
| Q2 25 | $1.5B | $7.5B | ||
| Q1 25 | $1.2B | $7.2B | ||
| Q4 24 | $1.0B | $7.7B | ||
| Q3 24 | $763.2M | $6.7B | ||
| Q2 24 | $698.3M | $7.9B | ||
| Q1 24 | $595.1M | $7.9B |
总债务CBOERIVN
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | $5.5B | ||
| Q1 24 | $1.4B | $4.4B |
股东权益CBOERIVN
| Q4 25 | $5.1B | $4.6B | ||
| Q3 25 | $4.9B | $5.1B | ||
| Q2 25 | $4.7B | $6.1B | ||
| Q1 25 | $4.5B | $6.2B | ||
| Q4 24 | $4.3B | $6.6B | ||
| Q3 24 | $4.2B | $5.9B | ||
| Q2 24 | $4.0B | $6.8B | ||
| Q1 24 | $4.0B | $8.1B |
总资产CBOERIVN
| Q4 25 | $9.3B | $14.9B | ||
| Q3 25 | $9.1B | $15.2B | ||
| Q2 25 | $9.0B | $15.6B | ||
| Q1 25 | $8.7B | $15.5B | ||
| Q4 24 | $7.8B | $15.4B | ||
| Q3 24 | $8.7B | $14.3B | ||
| Q2 24 | $9.3B | $15.4B | ||
| Q1 24 | $8.2B | $15.7B |
负债/权益比CBOERIVN
| Q4 25 | 0.28× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.34× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.36× | 0.81× | ||
| Q1 24 | 0.36× | 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 | $352.1M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $332.1M | $-1.1B |
| 自由现金流率自由现金流/营收 | 27.6% | -89.0% |
| 资本支出强度资本支出/营收 | 1.7% | 36.0% |
| 现金转化率经营现金流/净利润 | 1.12× | — |
| 过去12个月自由现金流最近4个季度 | $1.7B | $-2.5B |
8季度趋势，按日历期对齐
经营现金流CBOERIVN
| Q4 25 | $352.1M | $-681.0M | ||
| Q3 25 | $153.9M | $26.0M | ||
| Q2 25 | $333.7M | $64.0M | ||
| Q1 25 | $912.9M | $-188.0M | ||
| Q4 24 | $-710.4M | $1.2B | ||
| Q3 24 | $-578.5M | $-876.0M | ||
| Q2 24 | $1.5B | $-754.0M | ||
| Q1 24 | $895.6M | $-1.3B |
自由现金流CBOERIVN
| Q4 25 | $332.1M | $-1.1B | ||
| Q3 25 | $137.9M | $-421.0M | ||
| Q2 25 | $313.4M | $-398.0M | ||
| Q1 25 | $898.2M | $-526.0M | ||
| Q4 24 | $-734.2M | $856.0M | ||
| Q3 24 | $-590.5M | $-1.2B | ||
| Q2 24 | $1.5B | $-1.0B | ||
| Q1 24 | $888.3M | $-1.5B |
自由现金流率CBOERIVN
| Q4 25 | 27.6% | -89.0% | ||
| Q3 25 | 12.1% | -27.0% | ||
| Q2 25 | 26.7% | -30.5% | ||
| Q1 25 | 75.2% | -42.4% | ||
| Q4 24 | -66.3% | 49.4% | ||
| Q3 24 | -55.9% | -131.9% | ||
| Q2 24 | 151.6% | -89.6% | ||
| Q1 24 | 92.8% | -126.5% |
资本支出强度CBOERIVN
| Q4 25 | 1.7% | 36.0% | ||
| Q3 25 | 1.4% | 28.7% | ||
| Q2 25 | 1.7% | 35.5% | ||
| Q1 25 | 1.2% | 27.3% | ||
| Q4 24 | 2.1% | 18.9% | ||
| Q3 24 | 1.1% | 31.7% | ||
| Q2 24 | 1.8% | 24.4% | ||
| Q1 24 | 0.8% | 21.1% |
现金转化率CBOERIVN
| Q4 25 | 1.12× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 1.42× | — | ||
| Q1 25 | 3.64× | — | ||
| Q4 24 | -3.62× | — | ||
| Q3 24 | -2.65× | — | ||
| Q2 24 | 10.64× | — | ||
| Q1 24 | 4.27× | — |
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
CBOE
| Liquidity Payments | $443.6M | 37% |
| Cash And Spot Markets | $431.3M | 36% |
| Transferred Over Time | $84.3M | 7% |
| Market Data Fees | $82.7M | 7% |
| Royalty Fees | $68.9M | 6% |
| Futures | $36.1M | 3% |
| Global FX | $24.4M | 2% |
| Other Revenue | $23.1M | 2% |
| Routing And Clearing | $20.1M | 2% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
