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CoreWeave, Inc.（CRWV）与MERCURY GENERAL CORP（MCY）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MERCURY GENERAL CORP的1.0倍（$1.6B vs $1.5B），MERCURY GENERAL CORP净利率更高（13.2% vs -28.7%，领先41.9%），MERCURY GENERAL CORP自由现金流更多（$273.9M 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。
水星通用集团是一家综合性保险机构，业务覆盖个人车险、房主保险、租客保险及商业保险等多个品类，其中车险与房主保险是公司的核心经营板块。
CRWV vs MCY — 直观对比
营收规模更大
CRWV
是对方的1.0倍
$1.5B
净利率更高
MCY
高出41.9%
-28.7%
自由现金流更多
MCY
多$2.8B
$-2.5B
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.5B |
| 净利润 | $-451.7M | $202.5M |
| 毛利率 | 67.6% | 99.7% |
| 营业利润率 | -5.7% | 16.2% |
| 净利率 | -28.7% | 13.2% |
| 营收同比 | — | 12.4% |
| 净利润同比 | — | 100.4% |
| 每股收益（稀释后） | $-0.50 | $3.66 |
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CRWVMCY
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $981.6M | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $583.9M | $1.5B | ||
| Q2 24 | $395.4M | $1.3B | ||
| Q1 24 | — | $1.3B |
净利润CRWVMCY
| Q4 25 | $-451.7M | $202.5M | ||
| Q3 25 | $-110.1M | $280.4M | ||
| Q2 25 | $-290.5M | $166.5M | ||
| Q1 25 | $-314.6M | $-108.3M | ||
| Q4 24 | — | $101.1M | ||
| Q3 24 | $-359.8M | $230.9M | ||
| Q2 24 | $-323.0M | $62.6M | ||
| Q1 24 | — | $73.5M |
毛利率CRWVMCY
| Q4 25 | 67.6% | 99.7% | ||
| Q3 25 | 73.0% | 99.8% | ||
| Q2 25 | 74.2% | 99.8% | ||
| Q1 25 | 73.3% | 99.7% | ||
| Q4 24 | — | 99.7% | ||
| Q3 24 | 75.5% | 99.8% | ||
| Q2 24 | 72.5% | 99.8% | ||
| Q1 24 | — | 99.7% |
营业利润率CRWVMCY
| Q4 25 | -5.7% | 16.2% | ||
| Q3 25 | 3.8% | 22.1% | ||
| Q2 25 | 1.6% | 14.0% | ||
| Q1 25 | -2.8% | -10.2% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | 20.1% | 18.8% | ||
| Q2 24 | 19.7% | 5.8% | ||
| Q1 24 | — | 7.0% |
净利率CRWVMCY
| Q4 25 | -28.7% | 13.2% | ||
| Q3 25 | -8.1% | 17.7% | ||
| Q2 25 | -24.0% | 11.3% | ||
| Q1 25 | -32.1% | -7.8% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | -61.6% | 15.1% | ||
| Q2 24 | -81.7% | 4.8% | ||
| Q1 24 | — | 5.8% |
每股收益（稀释后）CRWVMCY
| Q4 25 | $-0.50 | $3.66 | ||
| Q3 25 | $-0.22 | $5.06 | ||
| Q2 25 | $-0.60 | $3.01 | ||
| Q1 25 | $-1.49 | $-1.96 | ||
| Q4 24 | — | $1.82 | ||
| Q3 24 | $-1.82 | $4.17 | ||
| Q2 24 | $-1.62 | $1.13 | ||
| Q1 24 | — | $1.33 |
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 | — |
| 总债务越低越好 | $21.4B | $575.0M |
| 股东权益账面价值 | $3.3B | $2.4B |
| 总资产 | $49.3B | $9.6B |
| 负债/权益比越低杠杆越低 | 6.41× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资CRWVMCY
| Q4 25 | $3.2B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | — | — |
总债务CRWVMCY
| Q4 25 | $21.4B | $575.0M | ||
| Q3 25 | $14.0B | — | ||
| Q2 25 | $11.1B | — | ||
| Q1 25 | $8.7B | — | ||
| Q4 24 | — | $575.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CRWVMCY
| Q4 25 | $3.3B | $2.4B | ||
| Q3 25 | $3.9B | $2.2B | ||
| Q2 25 | $2.7B | $2.0B | ||
| Q1 25 | $1.9B | $1.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $-344.0M | $1.9B | ||
| Q2 24 | $-1.0B | $1.6B | ||
| Q1 24 | — | $1.6B |
总资产CRWVMCY
| Q4 25 | $49.3B | $9.6B | ||
| Q3 25 | $32.9B | $9.4B | ||
| Q2 25 | $26.2B | $9.1B | ||
| Q1 25 | $21.9B | $9.0B | ||
| Q4 24 | — | $8.3B | ||
| Q3 24 | — | $8.2B | ||
| Q2 24 | — | $7.7B | ||
| Q1 24 | — | $7.4B |
负债/权益比CRWVMCY
| Q4 25 | 6.41× | 0.24× | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 4.16× | — | ||
| Q1 25 | 4.57× | — | ||
| Q4 24 | — | 0.30× | ||
| 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 | $287.9M |
| 自由现金流经营现金流 - 资本支出 | $-2.5B | $273.9M |
| 自由现金流率自由现金流/营收 | -159.1% | 17.8% |
| 资本支出强度资本支出/营收 | 258.3% | 0.9% |
| 现金转化率经营现金流/净利润 | — | 1.42× |
| 过去12个月自由现金流最近4个季度 | $-7.3B | $1.0B |
8季度趋势，按日历期对齐
经营现金流CRWVMCY
| Q4 25 | $1.6B | $287.9M | ||
| Q3 25 | $1.7B | $496.4M | ||
| Q2 25 | $-251.3M | $371.6M | ||
| Q1 25 | $61.2M | $-68.7M | ||
| Q4 24 | — | $248.3M | ||
| Q3 24 | — | $318.1M | ||
| Q2 24 | — | $278.0M | ||
| Q1 24 | — | $192.6M |
自由现金流CRWVMCY
| Q4 25 | $-2.5B | $273.9M | ||
| Q3 25 | $-699.8M | $479.5M | ||
| Q2 25 | $-2.7B | $357.2M | ||
| Q1 25 | $-1.3B | $-81.9M | ||
| Q4 24 | — | $236.0M | ||
| Q3 24 | — | $306.2M | ||
| Q2 24 | — | $266.5M | ||
| Q1 24 | — | $182.4M |
自由现金流率CRWVMCY
| Q4 25 | -159.1% | 17.8% | ||
| Q3 25 | -51.3% | 30.3% | ||
| Q2 25 | -223.0% | 24.2% | ||
| Q1 25 | -137.1% | -5.9% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 20.0% | ||
| Q2 24 | — | 20.4% | ||
| Q1 24 | — | 14.3% |
资本支出强度CRWVMCY
| Q4 25 | 258.3% | 0.9% | ||
| Q3 25 | 175.1% | 1.1% | ||
| Q2 25 | 202.3% | 1.0% | ||
| Q1 25 | 143.4% | 0.9% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.8% |
现金转化率CRWVMCY
| Q4 25 | — | 1.42× | ||
| Q3 25 | — | 1.77× | ||
| Q2 25 | — | 2.23× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.46× | ||
| Q3 24 | — | 1.38× | ||
| Q2 24 | — | 4.44× | ||
| Q1 24 | — | 2.62× |
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% |
MCY
暂无分部数据
