vs
Crown Castle（CCI）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Crown Castle的1.3倍（$1.3B vs $1.0B），Crown Castle净利率更高（77.2% vs -63.1%，领先140.3%），Crown Castle同比增速更快（-4.8% vs -25.8%），Crown Castle自由现金流更多（$-43.0M vs $-1.1B），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs -4.5%）
Crown Castle Inc.是总部位于美国得克萨斯州休斯敦的房地产投资信托企业，同时是美国共享通信基础设施服务商，在全球设有100个办事处，旗下拥有超4万座信号塔、约8.5万英里光纤线路，为小基站及光纤系统提供网络支撑。
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。
CCI vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.3倍
$1.0B
营收增速更快
CCI
高出21.0%
-25.8%
净利率更高
CCI
高出140.3%
-63.1%
自由现金流更多
CCI
多$1.1B
$-1.1B
两年增速更快
RIVN
近两年复合增速
-4.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.3B |
| 净利润 | $780.0M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | — | -64.8% |
| 净利率 | 77.2% | -63.1% |
| 营收同比 | -4.8% | -25.8% |
| 净利润同比 | 76.0% | -9.0% |
| 每股收益（稀释后） | $1.80 | $-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CCIRIVN
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.1B | $874.0M | ||
| Q2 24 | $1.1B | $1.2B |
净利润CCIRIVN
| Q1 26 | $780.0M | — | ||
| Q4 25 | $294.0M | $-811.0M | ||
| Q3 25 | $323.0M | $-1.2B | ||
| Q2 25 | $291.0M | $-1.1B | ||
| Q1 25 | $-464.0M | $-545.0M | ||
| Q4 24 | — | $-744.0M | ||
| Q3 24 | $303.0M | $-1.1B | ||
| Q2 24 | $251.0M | $-1.5B |
毛利率CCIRIVN
| Q1 26 | — | — | ||
| Q4 25 | 97.4% | 9.3% | ||
| Q3 25 | 97.2% | 1.5% | ||
| Q2 25 | 97.5% | -15.8% | ||
| Q1 25 | 97.4% | 16.6% | ||
| Q4 24 | 97.7% | 9.8% | ||
| Q3 24 | 97.6% | -44.9% | ||
| Q2 24 | 97.7% | -38.9% |
营业利润率CCIRIVN
| Q1 26 | — | — | ||
| Q4 25 | 48.8% | -64.8% | ||
| Q3 25 | 49.0% | -63.1% | ||
| Q2 25 | 47.7% | -85.5% | ||
| Q1 25 | 49.1% | -52.8% | ||
| Q4 24 | 51.0% | -38.1% | ||
| Q3 24 | 47.5% | -133.8% | ||
| Q2 24 | 44.7% | -118.7% |
净利率CCIRIVN
| Q1 26 | 77.2% | — | ||
| Q4 25 | 27.5% | -63.1% | ||
| Q3 25 | 30.1% | -75.3% | ||
| Q2 25 | 27.5% | -85.7% | ||
| Q1 25 | -43.7% | -44.0% | ||
| Q4 24 | — | -42.9% | ||
| Q3 24 | 27.1% | -125.9% | ||
| Q2 24 | 22.7% | -125.8% |
每股收益（稀释后）CCIRIVN
| Q1 26 | $1.80 | — | ||
| Q4 25 | $0.67 | $-0.66 | ||
| Q3 25 | $0.74 | $-0.96 | ||
| Q2 25 | $0.67 | $-0.97 | ||
| Q1 25 | $-1.07 | $-0.48 | ||
| Q4 24 | — | $-0.67 | ||
| Q3 24 | $0.70 | $-1.08 | ||
| Q2 24 | $0.58 | $-1.46 |
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 | $55.0K | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $4.6B |
| 总资产 | $31.4M | $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CCIRIVN
| Q1 26 | $55.0K | — | ||
| Q4 25 | $99.0M | $6.1B | ||
| Q3 25 | $57.0M | $7.1B | ||
| Q2 25 | $94.0M | $7.5B | ||
| Q1 25 | $60.0M | $7.2B | ||
| Q4 24 | $100.0M | $7.7B | ||
| Q3 24 | $194.0M | $6.7B | ||
| Q2 24 | $155.0M | $7.9B |
总债务CCIRIVN
| Q1 26 | — | — | ||
| Q4 25 | $21.6B | — | ||
| Q3 25 | $21.6B | — | ||
| Q2 25 | $22.0B | — | ||
| Q1 25 | $22.9B | — | ||
| Q4 24 | $23.5B | — | ||
| Q3 24 | $23.5B | — | ||
| Q2 24 | $22.9B | $5.5B |
股东权益CCIRIVN
| Q1 26 | — | — | ||
| Q4 25 | $-1.6B | $4.6B | ||
| Q3 25 | $-1.5B | $5.1B | ||
| Q2 25 | $-1.4B | $6.1B | ||
| Q1 25 | $-1.3B | $6.2B | ||
| Q4 24 | $-133.0M | $6.6B | ||
| Q3 24 | $5.3B | $5.9B | ||
| Q2 24 | $5.7B | $6.8B |
总资产CCIRIVN
| Q1 26 | $31.4M | — | ||
| Q4 25 | $31.5B | $14.9B | ||
| Q3 25 | $31.5B | $15.2B | ||
| Q2 25 | $31.6B | $15.6B | ||
| Q1 25 | $31.8B | $15.5B | ||
| Q4 24 | $32.7B | $15.4B | ||
| Q3 24 | $38.0B | $14.3B | ||
| Q2 24 | $38.2B | $15.4B |
负债/权益比CCIRIVN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.43× | — | ||
| Q2 24 | 4.04× | 0.81× |
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 | — | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $-43.0M | $-1.1B |
| 自由现金流率自由现金流/营收 | -4.3% | -89.0% |
| 资本支出强度资本支出/营收 | 14.9% | 36.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $4.3B | $-2.5B |
8季度趋势，按日历期对齐
经营现金流CCIRIVN
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $-681.0M | ||
| Q3 25 | $714.0M | $26.0M | ||
| Q2 25 | $832.0M | $64.0M | ||
| Q1 25 | $641.0M | $-188.0M | ||
| Q4 24 | $2.9B | $1.2B | ||
| Q3 24 | $699.0M | $-876.0M | ||
| Q2 24 | $768.0M | $-754.0M |
自由现金流CCIRIVN
| Q1 26 | $-43.0M | — | ||
| Q4 25 | $2.9B | $-1.1B | ||
| Q3 25 | $671.0M | $-421.0M | ||
| Q2 25 | $792.0M | $-398.0M | ||
| Q1 25 | $601.0M | $-526.0M | ||
| Q4 24 | $2.8B | $856.0M | ||
| Q3 24 | $661.0M | $-1.2B | ||
| Q2 24 | $729.0M | $-1.0B |
自由现金流率CCIRIVN
| Q1 26 | -4.3% | — | ||
| Q4 25 | 268.4% | -89.0% | ||
| Q3 25 | 62.6% | -27.0% | ||
| Q2 25 | 74.7% | -30.5% | ||
| Q1 25 | 56.6% | -42.4% | ||
| Q4 24 | 247.3% | 49.4% | ||
| Q3 24 | 59.0% | -131.9% | ||
| Q2 24 | 65.9% | -89.6% |
资本支出强度CCIRIVN
| Q1 26 | 14.9% | — | ||
| Q4 25 | 17.0% | 36.0% | ||
| Q3 25 | 4.0% | 28.7% | ||
| Q2 25 | 3.8% | 35.5% | ||
| Q1 25 | 3.8% | 27.3% | ||
| Q4 24 | 15.7% | 18.9% | ||
| Q3 24 | 3.4% | 31.7% | ||
| Q2 24 | 3.5% | 24.4% |
现金转化率CCIRIVN
| Q1 26 | — | — | ||
| Q4 25 | 10.40× | — | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.86× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.31× | — | ||
| Q2 24 | 3.06× | — |
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
CCI
| Site rental | $961.0M | 95% |
| Services and other | $49.0M | 5% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
