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卡骆驰（CROX）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.的季度营收约是卡骆驰的1.3倍（$1.3B vs $957.6M），卡骆驰净利率更高（11.0% vs -63.1%，领先74.0%），卡骆驰同比增速更快（-3.2% vs -25.8%），卡骆驰自由现金流更多（$246.4M vs $-1.1B），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs 1.0%）
卡骆驰（Crocs）是总部位于美国科罗拉多州布鲁姆菲尔德的鞋履企业，主打生产、销售旗下同名品牌的泡沫鞋履产品。其标志性鞋款虽被品牌称为“木屐”，但和传统木屐不同，不含木质材料，凭借舒适轻便的特性受到全球消费者喜爱。
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。
CROX vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.3倍
$957.6M
营收增速更快
CROX
高出22.6%
-25.8%
净利率更高
CROX
高出74.0%
-63.1%
自由现金流更多
CROX
多$1.4B
$-1.1B
两年增速更快
RIVN
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $957.6M | $1.3B |
| 净利润 | $105.2M | $-811.0M |
| 毛利率 | 54.7% | 9.3% |
| 营业利润率 | 15.3% | -64.8% |
| 净利率 | 11.0% | -63.1% |
| 营收同比 | -3.2% | -25.8% |
| 净利润同比 | -71.5% | -9.0% |
| 每股收益（稀释后） | $1.79 | $-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CROXRIVN
| Q4 25 | $957.6M | $1.3B | ||
| Q3 25 | $996.3M | $1.6B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $937.3M | $1.2B | ||
| Q4 24 | $989.8M | $1.7B | ||
| Q3 24 | $1.1B | $874.0M | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $938.6M | $1.2B |
净利润CROXRIVN
| Q4 25 | $105.2M | $-811.0M | ||
| Q3 25 | $145.8M | $-1.2B | ||
| Q2 25 | $-492.3M | $-1.1B | ||
| Q1 25 | $160.1M | $-545.0M | ||
| Q4 24 | $368.9M | $-744.0M | ||
| Q3 24 | $199.8M | $-1.1B | ||
| Q2 24 | $228.9M | $-1.5B | ||
| Q1 24 | $152.5M | $-1.4B |
毛利率CROXRIVN
| Q4 25 | 54.7% | 9.3% | ||
| Q3 25 | 58.5% | 1.5% | ||
| Q2 25 | 61.7% | -15.8% | ||
| Q1 25 | 57.8% | 16.6% | ||
| Q4 24 | 57.9% | 9.8% | ||
| Q3 24 | 59.6% | -44.9% | ||
| Q2 24 | 61.4% | -38.9% | ||
| Q1 24 | 55.6% | -43.8% |
营业利润率CROXRIVN
| Q4 25 | 15.3% | -64.8% | ||
| Q3 25 | 20.8% | -63.1% | ||
| Q2 25 | -37.2% | -85.5% | ||
| Q1 25 | 23.8% | -52.8% | ||
| Q4 24 | 20.2% | -38.1% | ||
| Q3 24 | 25.4% | -133.8% | ||
| Q2 24 | 29.3% | -118.7% | ||
| Q1 24 | 24.1% | -123.3% |
净利率CROXRIVN
| Q4 25 | 11.0% | -63.1% | ||
| Q3 25 | 14.6% | -75.3% | ||
| Q2 25 | -42.8% | -85.7% | ||
| Q1 25 | 17.1% | -44.0% | ||
| Q4 24 | 37.3% | -42.9% | ||
| Q3 24 | 18.8% | -125.9% | ||
| Q2 24 | 20.6% | -125.8% | ||
| Q1 24 | 16.2% | -120.1% |
每股收益（稀释后）CROXRIVN
| Q4 25 | $1.79 | $-0.66 | ||
| Q3 25 | $2.70 | $-0.96 | ||
| Q2 25 | $-8.82 | $-0.97 | ||
| Q1 25 | $2.83 | $-0.48 | ||
| Q4 24 | $6.25 | $-0.67 | ||
| Q3 24 | $3.36 | $-1.08 | ||
| Q2 24 | $3.77 | $-1.46 | ||
| Q1 24 | $2.50 | $-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 | $130.4M | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $4.6B |
| 总资产 | $4.2B | $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CROXRIVN
| Q4 25 | $130.4M | $6.1B | ||
| Q3 25 | $154.0M | $7.1B | ||
| Q2 25 | $200.6M | $7.5B | ||
| Q1 25 | $166.5M | $7.2B | ||
| Q4 24 | $180.5M | $7.7B | ||
| Q3 24 | $186.1M | $6.7B | ||
| Q2 24 | $167.7M | $7.9B | ||
| Q1 24 | $159.3M | $7.9B |
总债务CROXRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益CROXRIVN
| Q4 25 | $1.3B | $4.6B | ||
| Q3 25 | $1.4B | $5.1B | ||
| Q2 25 | $1.4B | $6.1B | ||
| Q1 25 | $2.0B | $6.2B | ||
| Q4 24 | $1.8B | $6.6B | ||
| Q3 24 | $1.7B | $5.9B | ||
| Q2 24 | $1.7B | $6.8B | ||
| Q1 24 | $1.6B | $8.1B |
总资产CROXRIVN
| Q4 25 | $4.2B | $14.9B | ||
| Q3 25 | $4.3B | $15.2B | ||
| Q2 25 | $4.5B | $15.6B | ||
| Q1 25 | $5.1B | $15.5B | ||
| Q4 24 | $4.8B | $15.4B | ||
| Q3 24 | $4.7B | $14.3B | ||
| Q2 24 | $4.7B | $15.4B | ||
| Q1 24 | $4.8B | $15.7B |
负债/权益比CROXRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 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 | $252.5M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $246.4M | $-1.1B |
| 自由现金流率自由现金流/营收 | 25.7% | -89.0% |
| 资本支出强度资本支出/营收 | 0.6% | 36.0% |
| 现金转化率经营现金流/净利润 | 2.40× | — |
| 过去12个月自由现金流最近4个季度 | $659.2M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流CROXRIVN
| Q4 25 | $252.5M | $-681.0M | ||
| Q3 25 | $239.3M | $26.0M | ||
| Q2 25 | $285.8M | $64.0M | ||
| Q1 25 | $-67.2M | $-188.0M | ||
| Q4 24 | $321.9M | $1.2B | ||
| Q3 24 | $296.9M | $-876.0M | ||
| Q2 24 | $401.2M | $-754.0M | ||
| Q1 24 | $-27.6M | $-1.3B |
自由现金流CROXRIVN
| Q4 25 | $246.4M | $-1.1B | ||
| Q3 25 | $226.2M | $-421.0M | ||
| Q2 25 | $269.2M | $-398.0M | ||
| Q1 25 | $-82.6M | $-526.0M | ||
| Q4 24 | $303.4M | $856.0M | ||
| Q3 24 | $278.8M | $-1.2B | ||
| Q2 24 | $384.2M | $-1.0B | ||
| Q1 24 | $-43.3M | $-1.5B |
自由现金流率CROXRIVN
| Q4 25 | 25.7% | -89.0% | ||
| Q3 25 | 22.7% | -27.0% | ||
| Q2 25 | 23.4% | -30.5% | ||
| Q1 25 | -8.8% | -42.4% | ||
| Q4 24 | 30.7% | 49.4% | ||
| Q3 24 | 26.3% | -131.9% | ||
| Q2 24 | 34.6% | -89.6% | ||
| Q1 24 | -4.6% | -126.5% |
资本支出强度CROXRIVN
| Q4 25 | 0.6% | 36.0% | ||
| Q3 25 | 1.3% | 28.7% | ||
| Q2 25 | 1.4% | 35.5% | ||
| Q1 25 | 1.6% | 27.3% | ||
| Q4 24 | 1.9% | 18.9% | ||
| Q3 24 | 1.7% | 31.7% | ||
| Q2 24 | 1.5% | 24.4% | ||
| Q1 24 | 1.7% | 21.1% |
现金转化率CROXRIVN
| Q4 25 | 2.40× | — | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.42× | — | ||
| Q4 24 | 0.87× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.75× | — | ||
| Q1 24 | -0.18× | — |
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
CROX
| Sales Channel Directly To Consumer | $333.2M | 35% |
| Other | $332.1M | 35% |
| HEYDUDE Brand Segment | $189.3M | 20% |
| Sales Channel Through Intermediary Wholesale | $103.1M | 11% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
