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CoreWeave, Inc.（CRWV）与Alliant Energy（LNT）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Alliant Energy的1.5倍（$1.6B vs $1.1B），Alliant Energy净利率更高（13.4% vs -28.7%，领先42.1%）
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。
Alliant Energy是美国公用事业控股企业，主营受监管的电力与天然气服务，下设公用电力运营、公用燃气运营及其他公用事业三大业务板块。公司通过子公司Interstate Power and Light Company（IPL）为艾奥瓦州零售客户提供发电配电、天然气配送及运输服务，同时向明尼苏达州、伊利诺伊州等地的批发客户售电。
CRWV vs LNT — 直观对比
营收规模更大
CRWV
是对方的1.5倍
$1.1B
净利率更高
LNT
高出42.1%
-28.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.1B |
| 净利润 | $-451.7M | $142.0M |
| 毛利率 | 67.6% | 85.9% |
| 营业利润率 | -5.7% | 18.4% |
| 净利率 | -28.7% | 13.4% |
| 营收同比 | — | 9.0% |
| 净利润同比 | — | -5.3% |
| 每股收益（稀释后） | $-0.50 | $0.54 |
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CRWVLNT
| Q4 25 | $1.6B | $1.1B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.2B | $961.0M | ||
| Q1 25 | $981.6M | $1.1B | ||
| Q4 24 | — | $975.0M | ||
| Q3 24 | $583.9M | $1.1B | ||
| Q2 24 | $395.4M | $894.0M | ||
| Q1 24 | — | $1.0B |
净利润CRWVLNT
| Q4 25 | $-451.7M | $142.0M | ||
| Q3 25 | $-110.1M | $281.0M | ||
| Q2 25 | $-290.5M | $174.0M | ||
| Q1 25 | $-314.6M | $213.0M | ||
| Q4 24 | — | $150.0M | ||
| Q3 24 | $-359.8M | $295.0M | ||
| Q2 24 | $-323.0M | $87.0M | ||
| Q1 24 | — | $158.0M |
毛利率CRWVLNT
| Q4 25 | 67.6% | 85.9% | ||
| Q3 25 | 73.0% | 86.3% | ||
| Q2 25 | 74.2% | 84.3% | ||
| Q1 25 | 73.3% | 86.0% | ||
| Q4 24 | — | 84.7% | ||
| Q3 24 | 75.5% | 84.7% | ||
| Q2 24 | 72.5% | 83.6% | ||
| Q1 24 | — | 85.3% |
营业利润率CRWVLNT
| Q4 25 | -5.7% | 18.4% | ||
| Q3 25 | 3.8% | 28.8% | ||
| Q2 25 | 1.6% | 23.2% | ||
| Q1 25 | -2.8% | 22.8% | ||
| Q4 24 | — | 22.7% | ||
| Q3 24 | 20.1% | 29.0% | ||
| Q2 24 | 19.7% | 14.5% | ||
| Q1 24 | — | 21.5% |
净利率CRWVLNT
| Q4 25 | -28.7% | 13.4% | ||
| Q3 25 | -8.1% | 23.2% | ||
| Q2 25 | -24.0% | 18.1% | ||
| Q1 25 | -32.1% | 18.9% | ||
| Q4 24 | — | 15.4% | ||
| Q3 24 | -61.6% | 27.3% | ||
| Q2 24 | -81.7% | 9.7% | ||
| Q1 24 | — | 15.3% |
每股收益（稀释后）CRWVLNT
| Q4 25 | $-0.50 | $0.54 | ||
| Q3 25 | $-0.22 | $1.09 | ||
| Q2 25 | $-0.60 | $0.68 | ||
| Q1 25 | $-1.49 | $0.83 | ||
| Q4 24 | — | $0.58 | ||
| Q3 24 | $-1.82 | $1.15 | ||
| Q2 24 | $-1.62 | $0.34 | ||
| Q1 24 | — | $0.62 |
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 | $556.0M |
| 总债务越低越好 | $21.4B | — |
| 股东权益账面价值 | $3.3B | $7.3B |
| 总资产 | $49.3B | $25.0B |
| 负债/权益比越低杠杆越低 | 6.41× | — |
8季度趋势，按日历期对齐
现金及短期投资CRWVLNT
| Q4 25 | $3.2B | $556.0M | ||
| Q3 25 | $1.9B | $753.0M | ||
| Q2 25 | $1.2B | $329.0M | ||
| Q1 25 | $1.3B | $25.0M | ||
| Q4 24 | — | $81.0M | ||
| Q3 24 | $1.4B | $827.0M | ||
| Q2 24 | $1.0B | $92.0M | ||
| Q1 24 | — | $32.0M |
总债务CRWVLNT
| Q4 25 | $21.4B | — | ||
| Q3 25 | $14.0B | — | ||
| Q2 25 | $11.1B | — | ||
| Q1 25 | $8.7B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CRWVLNT
| Q4 25 | $3.3B | $7.3B | ||
| Q3 25 | $3.9B | $7.3B | ||
| Q2 25 | $2.7B | $7.1B | ||
| Q1 25 | $1.9B | $7.1B | ||
| Q4 24 | — | $7.0B | ||
| Q3 24 | $-344.0M | $7.0B | ||
| Q2 24 | $-1.0B | $6.8B | ||
| Q1 24 | — | $6.8B |
总资产CRWVLNT
| Q4 25 | $49.3B | $25.0B | ||
| Q3 25 | $32.9B | $24.6B | ||
| Q2 25 | $26.2B | $23.8B | ||
| Q1 25 | $21.9B | $22.9B | ||
| Q4 24 | — | $22.7B | ||
| Q3 24 | — | $22.8B | ||
| Q2 24 | — | $21.8B | ||
| Q1 24 | — | $21.2B |
负债/权益比CRWVLNT
| Q4 25 | 6.41× | — | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 4.16× | — | ||
| Q1 25 | 4.57× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $269.0M |
| 自由现金流经营现金流 - 资本支出 | $-2.5B | — |
| 自由现金流率自由现金流/营收 | -159.1% | — |
| 资本支出强度资本支出/营收 | 258.3% | — |
| 现金转化率经营现金流/净利润 | — | 1.89× |
| 过去12个月自由现金流最近4个季度 | $-7.3B | — |
8季度趋势，按日历期对齐
经营现金流CRWVLNT
| Q4 25 | $1.6B | $269.0M | ||
| Q3 25 | $1.7B | $408.0M | ||
| Q2 25 | $-251.3M | $243.0M | ||
| Q1 25 | $61.2M | $249.0M | ||
| Q4 24 | — | $254.0M | ||
| Q3 24 | — | $351.0M | ||
| Q2 24 | — | $255.0M | ||
| Q1 24 | — | $307.0M |
自由现金流CRWVLNT
| Q4 25 | $-2.5B | — | ||
| Q3 25 | $-699.8M | $-103.0M | ||
| Q2 25 | $-2.7B | $-179.0M | ||
| Q1 25 | $-1.3B | $-305.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-59.0M | ||
| Q2 24 | — | $-137.0M | ||
| Q1 24 | — | $-171.0M |
自由现金流率CRWVLNT
| Q4 25 | -159.1% | — | ||
| Q3 25 | -51.3% | -8.5% | ||
| Q2 25 | -223.0% | -18.6% | ||
| Q1 25 | -137.1% | -27.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -5.5% | ||
| Q2 24 | — | -15.3% | ||
| Q1 24 | — | -16.6% |
资本支出强度CRWVLNT
| Q4 25 | 258.3% | — | ||
| Q3 25 | 175.1% | 42.2% | ||
| Q2 25 | 202.3% | 43.9% | ||
| Q1 25 | 143.4% | 49.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 37.9% | ||
| Q2 24 | — | 43.8% | ||
| Q1 24 | — | 46.4% |
现金转化率CRWVLNT
| Q4 25 | — | 1.89× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 1.40× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 1.69× | ||
| Q3 24 | — | 1.19× | ||
| Q2 24 | — | 2.93× | ||
| Q1 24 | — | 1.94× |
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% |
LNT
| Retail Residential | $313.0M | 29% |
| Retail Industrial | $251.0M | 24% |
| Retail Commercial | $226.0M | 21% |
| Gas | $158.0M | 15% |
| Other Customer | $43.0M | 4% |
| Wholesale | $36.0M | 3% |
| Other Utility | $15.0M | 1% |
| Steam | $9.0M | 1% |
