vs
CoreWeave, Inc.（CRWV）与LCI INDUSTRIES（LCII）财务数据对比。点击上方公司名可切换其他公司
CoreWeave, Inc.的季度营收约是LCI INDUSTRIES的1.7倍（$1.6B vs $932.7M），LCI INDUSTRIES净利率更高（2.0% vs -28.7%，领先30.7%），LCI INDUSTRIES自由现金流更多（$64.3M 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。
拉奇核心工业有限公司前身为巴基斯坦帝国化学工业公司，是一家总部位于卡拉奇的巴基斯坦综合性企业集团，业务覆盖聚酯、医药、农用化学品、纯碱及兽药等多品类产品的研发生产，在巴基斯坦本土工业领域拥有重要市场地位。
CRWV vs LCII — 直观对比
营收规模更大
CRWV
是对方的1.7倍
$932.7M
净利率更高
LCII
高出30.7%
-28.7%
自由现金流更多
LCII
多$2.6B
$-2.5B
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $932.7M |
| 净利润 | $-451.7M | $18.7M |
| 毛利率 | 67.6% | 22.1% |
| 营业利润率 | -5.7% | 3.8% |
| 净利率 | -28.7% | 2.0% |
| 营收同比 | — | 16.1% |
| 净利润同比 | — | 95.7% |
| 每股收益（稀释后） | $-0.50 | $0.79 |
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CRWVLCII
| Q4 25 | $1.6B | $932.7M | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $981.6M | $1.0B | ||
| Q4 24 | — | $803.1M | ||
| Q3 24 | $583.9M | $915.5M | ||
| Q2 24 | $395.4M | $1.1B | ||
| Q1 24 | — | $968.0M |
净利润CRWVLCII
| Q4 25 | $-451.7M | $18.7M | ||
| Q3 25 | $-110.1M | $62.5M | ||
| Q2 25 | $-290.5M | $57.6M | ||
| Q1 25 | $-314.6M | $49.4M | ||
| Q4 24 | — | $9.5M | ||
| Q3 24 | $-359.8M | $35.6M | ||
| Q2 24 | $-323.0M | $61.2M | ||
| Q1 24 | — | $36.5M |
毛利率CRWVLCII
| Q4 25 | 67.6% | 22.1% | ||
| Q3 25 | 73.0% | 24.4% | ||
| Q2 25 | 74.2% | 24.4% | ||
| Q1 25 | 73.3% | 24.1% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | 75.5% | 24.0% | ||
| Q2 24 | 72.5% | 25.3% | ||
| Q1 24 | — | 23.1% |
营业利润率CRWVLCII
| Q4 25 | -5.7% | 3.8% | ||
| Q3 25 | 3.8% | 7.3% | ||
| Q2 25 | 1.6% | 7.9% | ||
| Q1 25 | -2.8% | 7.8% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | 20.1% | 5.9% | ||
| Q2 24 | 19.7% | 8.6% | ||
| Q1 24 | — | 6.0% |
净利率CRWVLCII
| Q4 25 | -28.7% | 2.0% | ||
| Q3 25 | -8.1% | 6.0% | ||
| Q2 25 | -24.0% | 5.2% | ||
| Q1 25 | -32.1% | 4.7% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | -61.6% | 3.9% | ||
| Q2 24 | -81.7% | 5.8% | ||
| Q1 24 | — | 3.8% |
每股收益（稀释后）CRWVLCII
| Q4 25 | $-0.50 | $0.79 | ||
| Q3 25 | $-0.22 | $2.55 | ||
| Q2 25 | $-0.60 | $2.29 | ||
| Q1 25 | $-1.49 | $1.94 | ||
| Q4 24 | — | $0.37 | ||
| Q3 24 | $-1.82 | $1.39 | ||
| Q2 24 | $-1.62 | $2.40 | ||
| Q1 24 | — | $1.44 |
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 | $222.6M |
| 总债务越低越好 | $21.4B | $945.2M |
| 股东权益账面价值 | $3.3B | $1.4B |
| 总资产 | $49.3B | $3.2B |
| 负债/权益比越低杠杆越低 | 6.41× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资CRWVLCII
| Q4 25 | $3.2B | $222.6M | ||
| Q3 25 | $1.9B | $199.7M | ||
| Q2 25 | $1.2B | $191.9M | ||
| Q1 25 | $1.3B | $231.2M | ||
| Q4 24 | — | $165.8M | ||
| Q3 24 | $1.4B | $161.2M | ||
| Q2 24 | $1.0B | $130.4M | ||
| Q1 24 | — | $22.6M |
总债务CRWVLCII
| Q4 25 | $21.4B | $945.2M | ||
| Q3 25 | $14.0B | $947.8M | ||
| Q2 25 | $11.1B | $948.0M | ||
| Q1 25 | $8.7B | $938.3M | ||
| Q4 24 | — | $757.3M | ||
| Q3 24 | — | $822.5M | ||
| Q2 24 | — | $829.7M | ||
| Q1 24 | — | $855.3M |
股东权益CRWVLCII
| Q4 25 | $3.3B | $1.4B | ||
| Q3 25 | $3.9B | $1.4B | ||
| Q2 25 | $2.7B | $1.4B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $-344.0M | $1.4B | ||
| Q2 24 | $-1.0B | $1.4B | ||
| Q1 24 | — | $1.4B |
总资产CRWVLCII
| Q4 25 | $49.3B | $3.2B | ||
| Q3 25 | $32.9B | $3.2B | ||
| Q2 25 | $26.2B | $3.2B | ||
| Q1 25 | $21.9B | $3.1B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
负债/权益比CRWVLCII
| Q4 25 | 6.41× | 0.69× | ||
| Q3 25 | 3.62× | 0.70× | ||
| Q2 25 | 4.16× | 0.68× | ||
| Q1 25 | 4.57× | 0.69× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.63× |
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 | $78.9M |
| 自由现金流经营现金流 - 资本支出 | $-2.5B | $64.3M |
| 自由现金流率自由现金流/营收 | -159.1% | 6.9% |
| 资本支出强度资本支出/营收 | 258.3% | 1.6% |
| 现金转化率经营现金流/净利润 | — | 4.22× |
| 过去12个月自由现金流最近4个季度 | $-7.3B | $278.3M |
8季度趋势，按日历期对齐
经营现金流CRWVLCII
| Q4 25 | $1.6B | $78.9M | ||
| Q3 25 | $1.7B | $97.2M | ||
| Q2 25 | $-251.3M | $112.2M | ||
| Q1 25 | $61.2M | $42.7M | ||
| Q4 24 | — | $106.6M | ||
| Q3 24 | — | $78.4M | ||
| Q2 24 | — | $192.9M | ||
| Q1 24 | — | $-7.7M |
自由现金流CRWVLCII
| Q4 25 | $-2.5B | $64.3M | ||
| Q3 25 | $-699.8M | $80.9M | ||
| Q2 25 | $-2.7B | $99.5M | ||
| Q1 25 | $-1.3B | $33.7M | ||
| Q4 24 | — | $95.7M | ||
| Q3 24 | — | $68.3M | ||
| Q2 24 | — | $180.2M | ||
| Q1 24 | — | $-16.3M |
自由现金流率CRWVLCII
| Q4 25 | -159.1% | 6.9% | ||
| Q3 25 | -51.3% | 7.8% | ||
| Q2 25 | -223.0% | 9.0% | ||
| Q1 25 | -137.1% | 3.2% | ||
| Q4 24 | — | 11.9% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 17.1% | ||
| Q1 24 | — | -1.7% |
资本支出强度CRWVLCII
| Q4 25 | 258.3% | 1.6% | ||
| Q3 25 | 175.1% | 1.6% | ||
| Q2 25 | 202.3% | 1.2% | ||
| Q1 25 | 143.4% | 0.9% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 0.9% |
现金转化率CRWVLCII
| Q4 25 | — | 4.22× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | — | 1.95× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 11.17× | ||
| Q3 24 | — | 2.20× | ||
| Q2 24 | — | 3.15× | ||
| Q1 24 | — | -0.21× |
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% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
