vs
CoreWeave, Inc.（CRWV）与Fastenal（FAST）财务数据对比。点击上方公司名可切换其他公司
Fastenal的季度营收约是CoreWeave, Inc.的1.3倍（$2.0B vs $1.6B），Fastenal净利率更高（14.5% vs -28.7%，领先43.2%），Fastenal自由现金流更多（$308.2M vs $-2.5B）
CoreWeave是总部位于美国新泽西州利文斯顿的人工智能云计算企业，专注为AI开发者及各行业企业客户提供云侧图形处理器（GPU）算力基础设施，同时自主研发芯片管理相关软件。
Fastenal是1967年成立的美国上市企业，总部位于明尼苏达州威诺纳，是北美最大的紧固件分销商，同时也是工业和建筑用品的主流供应商，可提供货柜备货、智能售货柜、库存管理、物流配送等一站式供应链解决方案。
CRWV vs FAST — 直观对比
营收规模更大
FAST
是对方的1.3倍
$1.6B
净利率更高
FAST
高出43.2%
-28.7%
自由现金流更多
FAST
多$2.8B
$-2.5B
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.0B |
| 净利润 | $-451.7M | $293.9M |
| 毛利率 | 67.6% | 44.3% |
| 营业利润率 | -5.7% | 18.9% |
| 净利率 | -28.7% | 14.5% |
| 营收同比 | — | 3.5% |
| 净利润同比 | — | -1.6% |
| 每股收益（稀释后） | $-0.50 | $-0.01 |
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CRWVFAST
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.6B | $2.0B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.2B | $2.1B | ||
| Q1 25 | $981.6M | $2.0B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $583.9M | $1.9B | ||
| Q2 24 | $395.4M | $1.9B |
净利润CRWVFAST
| Q1 26 | — | $293.9M | ||
| Q4 25 | $-451.7M | $293.9M | ||
| Q3 25 | $-110.1M | $335.5M | ||
| Q2 25 | $-290.5M | $330.3M | ||
| Q1 25 | $-314.6M | $298.7M | ||
| Q4 24 | — | $262.1M | ||
| Q3 24 | $-359.8M | $298.1M | ||
| Q2 24 | $-323.0M | $292.7M |
毛利率CRWVFAST
| Q1 26 | — | 44.3% | ||
| Q4 25 | 67.6% | 44.3% | ||
| Q3 25 | 73.0% | 45.3% | ||
| Q2 25 | 74.2% | 45.3% | ||
| Q1 25 | 73.3% | 45.1% | ||
| Q4 24 | — | 44.8% | ||
| Q3 24 | 75.5% | 44.9% | ||
| Q2 24 | 72.5% | 45.1% |
营业利润率CRWVFAST
| Q1 26 | — | 18.9% | ||
| Q4 25 | -5.7% | 18.9% | ||
| Q3 25 | 3.8% | 20.7% | ||
| Q2 25 | 1.6% | 21.0% | ||
| Q1 25 | -2.8% | 20.1% | ||
| Q4 24 | — | 18.9% | ||
| Q3 24 | 20.1% | 20.3% | ||
| Q2 24 | 19.7% | 20.2% |
净利率CRWVFAST
| Q1 26 | — | 14.5% | ||
| Q4 25 | -28.7% | 14.5% | ||
| Q3 25 | -8.1% | 15.7% | ||
| Q2 25 | -24.0% | 15.9% | ||
| Q1 25 | -32.1% | 15.2% | ||
| Q4 24 | — | 14.4% | ||
| Q3 24 | -61.6% | 15.6% | ||
| Q2 24 | -81.7% | 15.3% |
每股收益（稀释后）CRWVFAST
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $-0.50 | $-0.01 | ||
| Q3 25 | $-0.22 | $0.29 | ||
| Q2 25 | $-0.60 | $0.29 | ||
| Q1 25 | $-1.49 | $0.52 | ||
| Q4 24 | — | $0.45 | ||
| Q3 24 | $-1.82 | $0.52 | ||
| Q2 24 | $-1.62 | $0.51 |
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 | $3.2B | $276.8M |
| 总债务越低越好 | $21.4B | $125.0M |
| 股东权益账面价值 | $3.3B | $3.9B |
| 总资产 | $49.3B | $5.1B |
| 负债/权益比越低杠杆越低 | 6.41× | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资CRWVFAST
| Q1 26 | — | $276.8M | ||
| Q4 25 | $3.2B | $276.8M | ||
| Q3 25 | $1.9B | $288.1M | ||
| Q2 25 | $1.2B | $237.8M | ||
| Q1 25 | $1.3B | $231.8M | ||
| Q4 24 | — | $255.8M | ||
| Q3 24 | $1.4B | $292.2M | ||
| Q2 24 | $1.0B | $255.5M |
总债务CRWVFAST
| Q1 26 | — | $125.0M | ||
| Q4 25 | $21.4B | $125.0M | ||
| Q3 25 | $14.0B | $195.0M | ||
| Q2 25 | $11.1B | $230.0M | ||
| Q1 25 | $8.7B | $200.0M | ||
| Q4 24 | — | $200.0M | ||
| Q3 24 | — | $240.0M | ||
| Q2 24 | — | $235.0M |
股东权益CRWVFAST
| Q1 26 | — | $3.9B | ||
| Q4 25 | $3.3B | $3.9B | ||
| Q3 25 | $3.9B | $3.9B | ||
| Q2 25 | $2.7B | $3.8B | ||
| Q1 25 | $1.9B | $3.7B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | $-344.0M | $3.6B | ||
| Q2 24 | $-1.0B | $3.5B |
总资产CRWVFAST
| Q1 26 | — | $5.1B | ||
| Q4 25 | $49.3B | $5.1B | ||
| Q3 25 | $32.9B | $5.1B | ||
| Q2 25 | $26.2B | $5.0B | ||
| Q1 25 | $21.9B | $4.9B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.6B |
负债/权益比CRWVFAST
| Q1 26 | — | 0.03× | ||
| Q4 25 | 6.41× | 0.03× | ||
| Q3 25 | 3.62× | 0.05× | ||
| Q2 25 | 4.16× | 0.06× | ||
| Q1 25 | 4.57× | 0.05× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.07× |
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 | $1.6B | $368.2M |
| 自由现金流经营现金流 - 资本支出 | $-2.5B | $308.2M |
| 自由现金流率自由现金流/营收 | -159.1% | 15.2% |
| 资本支出强度资本支出/营收 | 258.3% | 3.0% |
| 现金转化率经营现金流/净利润 | — | 1.25× |
| 过去12个月自由现金流最近4个季度 | $-7.3B | $1.2B |
8季度趋势，按日历期对齐
经营现金流CRWVFAST
| Q1 26 | — | $368.2M | ||
| Q4 25 | $1.6B | $368.2M | ||
| Q3 25 | $1.7B | $386.9M | ||
| Q2 25 | $-251.3M | $278.6M | ||
| Q1 25 | $61.2M | $262.2M | ||
| Q4 24 | — | $282.8M | ||
| Q3 24 | — | $296.9M | ||
| Q2 24 | — | $258.0M |
自由现金流CRWVFAST
| Q1 26 | — | $308.2M | ||
| Q4 25 | $-2.5B | $308.2M | ||
| Q3 25 | $-699.8M | $326.6M | ||
| Q2 25 | $-2.7B | $209.3M | ||
| Q1 25 | $-1.3B | $206.5M | ||
| Q4 24 | — | $222.6M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $201.9M |
自由现金流率CRWVFAST
| Q1 26 | — | 15.2% | ||
| Q4 25 | -159.1% | 15.2% | ||
| Q3 25 | -51.3% | 15.3% | ||
| Q2 25 | -223.0% | 10.1% | ||
| Q1 25 | -137.1% | 10.5% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | 12.4% | ||
| Q2 24 | — | 10.5% |
资本支出强度CRWVFAST
| Q1 26 | — | 3.0% | ||
| Q4 25 | 258.3% | 3.0% | ||
| Q3 25 | 175.1% | 2.8% | ||
| Q2 25 | 202.3% | 3.3% | ||
| Q1 25 | 143.4% | 2.8% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 2.9% |
现金转化率CRWVFAST
| Q1 26 | — | 1.25× | ||
| Q4 25 | — | 1.25× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | 1.08× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 0.88× |
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
CRWV
| US | $1.4B | 92% |
| Non Us | $129.3M | 8% |
FAST
| Reportable Segment Aggregation Before Other Operating Segment | $1.8B | 90% |
| Other | $211.2M | 10% |
