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Core Natural Resources, Inc.（CNR）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Core Natural Resources, Inc.的1.2倍（$1.3B vs $1.0B），Core Natural Resources, Inc.净利率更高（-7.6% vs -63.1%，领先55.5%），Core Natural Resources, Inc.同比增速更快（81.8% vs -25.8%），Core Natural Resources, Inc.自由现金流更多（$26.0M vs $-1.1B），过去两年Core Natural Resources, Inc.的营收复合增速更高（38.1% vs 3.3%）
Arch Resources（原阿奇煤炭）曾是美国煤炭开采加工企业，为美国第二大煤炭供应商，仅次于皮博迪能源，2011年占据美国国内15%的市场份额，主营低硫烟煤、次烟煤的开采、加工与销售，客户以发电企业为主。
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。
CNR vs RIVN — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.3B |
| 净利润 | $-79.0M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | -9.3% | -64.8% |
| 净利率 | -7.6% | -63.1% |
| 营收同比 | 81.8% | -25.8% |
| 净利润同比 | -356.3% | -9.0% |
| 每股收益（稀释后） | $-1.51 | $-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
| Q4 25 | $1.0B | $1.3B | ||
| Q3 25 | $1.0B | $1.6B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.0B | $1.2B | ||
| Q4 24 | $573.6M | $1.7B | ||
| Q3 24 | $553.4M | $874.0M | ||
| Q2 24 | $490.7M | $1.2B | ||
| Q1 24 | $546.7M | $1.2B |
| Q4 25 | $-79.0M | $-811.0M | ||
| Q3 25 | $31.6M | $-1.2B | ||
| Q2 25 | $-36.6M | $-1.1B | ||
| Q1 25 | $-69.3M | $-545.0M | ||
| Q4 24 | $30.8M | $-744.0M | ||
| Q3 24 | $95.6M | $-1.1B | ||
| Q2 24 | $58.1M | $-1.5B | ||
| Q1 24 | $101.9M | $-1.4B |
| 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% |
| Q4 25 | -9.3% | -64.8% | ||
| Q3 25 | -1.2% | -63.1% | ||
| Q2 25 | -1.7% | -85.5% | ||
| Q1 25 | -5.3% | -52.8% | ||
| Q4 24 | 6.6% | -38.1% | ||
| Q3 24 | 21.2% | -133.8% | ||
| Q2 24 | 14.6% | -118.7% | ||
| Q1 24 | 22.7% | -123.3% |
| Q4 25 | -7.6% | -63.1% | ||
| Q3 25 | 3.2% | -75.3% | ||
| Q2 25 | -3.3% | -85.7% | ||
| Q1 25 | -6.8% | -44.0% | ||
| Q4 24 | 5.4% | -42.9% | ||
| Q3 24 | 17.3% | -125.9% | ||
| Q2 24 | 11.8% | -125.8% | ||
| Q1 24 | 18.6% | -120.1% |
| Q4 25 | $-1.51 | $-0.66 | ||
| Q3 25 | $0.61 | $-0.96 | ||
| Q2 25 | $-0.70 | $-0.97 | ||
| Q1 25 | $-1.38 | $-0.48 | ||
| Q4 24 | $1.04 | $-0.67 | ||
| Q3 24 | $3.22 | $-1.08 | ||
| Q2 24 | $1.96 | $-1.46 | ||
| Q1 24 | $3.39 | $-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 | $432.2M | $6.1B |
| 总债务越低越好 | $354.2M | — |
| 股东权益账面价值 | $3.7B | $4.6B |
| 总资产 | $6.1B | $14.9B |
| 负债/权益比越低杠杆越低 | 0.10× | — |
8季度趋势，按日历期对齐
| Q4 25 | $432.2M | $6.1B | ||
| Q3 25 | $444.7M | $7.1B | ||
| Q2 25 | $413.2M | $7.5B | ||
| Q1 25 | $388.5M | $7.2B | ||
| Q4 24 | $460.2M | $7.7B | ||
| Q3 24 | $331.7M | $6.7B | ||
| Q2 24 | $216.1M | $7.9B | ||
| Q1 24 | $172.6M | $7.9B |
| Q4 25 | $354.2M | — | ||
| Q3 25 | $334.5M | — | ||
| Q2 25 | $334.0M | — | ||
| Q1 25 | $329.8M | — | ||
| Q4 24 | $94.8M | — | ||
| Q3 24 | $83.7M | — | ||
| Q2 24 | $184.9M | $5.5B | ||
| Q1 24 | $185.5M | $4.4B |
| Q4 25 | $3.7B | $4.6B | ||
| Q3 25 | $3.8B | $5.1B | ||
| Q2 25 | $3.8B | $6.1B | ||
| Q1 25 | $3.9B | $6.2B | ||
| Q4 24 | $1.6B | $6.6B | ||
| Q3 24 | $1.5B | $5.9B | ||
| Q2 24 | $1.4B | $6.8B | ||
| Q1 24 | $1.4B | $8.1B |
| Q4 25 | $6.1B | $14.9B | ||
| Q3 25 | $6.2B | $15.2B | ||
| Q2 25 | $6.2B | $15.6B | ||
| Q1 25 | $6.3B | $15.5B | ||
| Q4 24 | $2.9B | $15.4B | ||
| Q3 24 | $2.8B | $14.3B | ||
| Q2 24 | $2.7B | $15.4B | ||
| Q1 24 | $2.7B | $15.7B |
| Q4 25 | 0.10× | — | ||
| Q3 25 | 0.09× | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.08× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.05× | — | ||
| Q2 24 | 0.13× | 0.81× | ||
| Q1 24 | 0.13× | 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 | $107.3M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | $-1.1B |
| 自由现金流率自由现金流/营收 | 2.5% | -89.0% |
| 资本支出强度资本支出/营收 | 7.8% | 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 | $21.2M | $-2.5B |
8季度趋势，按日历期对齐
| Q4 25 | $107.3M | $-681.0M | ||
| Q3 25 | $87.9M | $26.0M | ||
| Q2 25 | $220.2M | $64.0M | ||
| Q1 25 | $-109.6M | $-188.0M | ||
| Q4 24 | $121.3M | $1.2B | ||
| Q3 24 | $161.3M | $-876.0M | ||
| Q2 24 | $116.3M | $-754.0M | ||
| Q1 24 | $77.5M | $-1.3B |
| Q4 25 | $26.0M | $-1.1B | ||
| Q3 25 | $38.6M | $-421.0M | ||
| Q2 25 | $131.0M | $-398.0M | ||
| Q1 25 | $-174.5M | $-526.0M | ||
| Q4 24 | $80.5M | $856.0M | ||
| Q3 24 | $121.9M | $-1.2B | ||
| Q2 24 | $60.9M | $-1.0B | ||
| Q1 24 | $35.1M | $-1.5B |
| Q4 25 | 2.5% | -89.0% | ||
| Q3 25 | 3.9% | -27.0% | ||
| Q2 25 | 11.9% | -30.5% | ||
| Q1 25 | -17.1% | -42.4% | ||
| Q4 24 | 14.0% | 49.4% | ||
| Q3 24 | 22.0% | -131.9% | ||
| Q2 24 | 12.4% | -89.6% | ||
| Q1 24 | 6.4% | -126.5% |
| Q4 25 | 7.8% | 36.0% | ||
| Q3 25 | 4.9% | 28.7% | ||
| Q2 25 | 8.1% | 35.5% | ||
| Q1 25 | 6.4% | 27.3% | ||
| Q4 24 | 7.1% | 18.9% | ||
| Q3 24 | 7.1% | 31.7% | ||
| Q2 24 | 11.3% | 24.4% | ||
| Q1 24 | 7.7% | 21.1% |
| Q4 25 | — | — | ||
| Q3 25 | 2.78× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.94× | — | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 2.00× | — | ||
| Q1 24 | 0.76× | — |
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
CNR
| Other | $397.4M | 38% |
| Power Generation | $376.5M | 36% |
| PRB | $183.0M | 18% |
| Metallurgical | $42.0M | 4% |
| Industrial | $34.1M | 3% |
| Terminal Revenue | $6.4M | 1% |
| Other Revenue | $3.0M | 0% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
