vs
CoreWeave, Inc.（CRWV）与罗致恒富（RHI）财务数据对比。点击上方公司名可切换其他公司
CoreWeave, Inc.的季度营收约是罗致恒富的1.2倍（$1.6B vs $1.3B），罗致恒富自由现金流更多（$170.8M 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。
罗致恒富是1948年成立的国际人力资源咨询机构，总部位于加利福尼亚州门洛帕克和圣拉蒙，是全球规模领先的会计与金融领域人才派遣服务商之一，在全球范围内设有超过345个办公点。
CRWV vs RHI — 直观对比
营收规模更大
CRWV
是对方的1.2倍
$1.3B
自由现金流更多
RHI
多$2.7B
$-2.5B
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.3B |
| 净利润 | $-451.7M | — |
| 毛利率 | 67.6% | 37.6% |
| 营业利润率 | -5.7% | 1.7% |
| 净利率 | -28.7% | — |
| 营收同比 | — | -5.8% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.50 | $0.32 |
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CRWVRHI
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $981.6M | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $583.9M | $1.5B | ||
| Q2 24 | $395.4M | $1.5B | ||
| Q1 24 | — | $1.5B |
净利润CRWVRHI
| Q4 25 | $-451.7M | — | ||
| Q3 25 | $-110.1M | $42.9M | ||
| Q2 25 | $-290.5M | $41.0M | ||
| Q1 25 | $-314.6M | $17.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-359.8M | $65.5M | ||
| Q2 24 | $-323.0M | $68.2M | ||
| Q1 24 | — | $63.7M |
毛利率CRWVRHI
| Q4 25 | 67.6% | 37.6% | ||
| Q3 25 | 73.0% | 37.2% | ||
| Q2 25 | 74.2% | 37.2% | ||
| Q1 25 | 73.3% | 36.9% | ||
| Q4 24 | — | 38.8% | ||
| Q3 24 | 75.5% | 39.0% | ||
| Q2 24 | 72.5% | 39.2% | ||
| Q1 24 | — | 38.1% |
营业利润率CRWVRHI
| Q4 25 | -5.7% | 1.7% | ||
| Q3 25 | 3.8% | 1.0% | ||
| Q2 25 | 1.6% | 0.1% | ||
| Q1 25 | -2.8% | 2.9% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | 20.1% | 4.1% | ||
| Q2 24 | 19.7% | 5.1% | ||
| Q1 24 | — | 2.8% |
净利率CRWVRHI
| Q4 25 | -28.7% | — | ||
| Q3 25 | -8.1% | 3.2% | ||
| Q2 25 | -24.0% | 3.0% | ||
| Q1 25 | -32.1% | 1.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | -61.6% | 4.5% | ||
| Q2 24 | -81.7% | 4.6% | ||
| Q1 24 | — | 4.3% |
每股收益（稀释后）CRWVRHI
| Q4 25 | $-0.50 | $0.32 | ||
| Q3 25 | $-0.22 | $0.43 | ||
| Q2 25 | $-0.60 | $0.41 | ||
| Q1 25 | $-1.49 | $0.17 | ||
| Q4 24 | — | $0.53 | ||
| Q3 24 | $-1.82 | $0.64 | ||
| Q2 24 | $-1.62 | $0.66 | ||
| Q1 24 | — | $0.61 |
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 | $464.4M |
| 总债务越低越好 | $21.4B | — |
| 股东权益账面价值 | $3.3B | $1.3B |
| 总资产 | $49.3B | $2.9B |
| 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CRWVRHI
| Q4 25 | $3.2B | $464.4M | ||
| Q3 25 | $1.9B | $365.3M | ||
| Q2 25 | $1.2B | $380.5M | ||
| Q1 25 | $1.3B | $342.5M | ||
| Q4 24 | — | $537.6M | ||
| Q3 24 | $1.4B | $570.5M | ||
| Q2 24 | $1.0B | $547.4M | ||
| Q1 24 | — | $540.9M |
总债务CRWVRHI
| 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CRWVRHI
| Q4 25 | $3.3B | $1.3B | ||
| Q3 25 | $3.9B | $1.3B | ||
| Q2 25 | $2.7B | $1.3B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $-344.0M | $1.5B | ||
| Q2 24 | $-1.0B | $1.5B | ||
| Q1 24 | — | $1.5B |
总资产CRWVRHI
| Q4 25 | $49.3B | $2.9B | ||
| Q3 25 | $32.9B | $2.8B | ||
| Q2 25 | $26.2B | $2.8B | ||
| Q1 25 | $21.9B | $2.7B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $2.9B |
负债/权益比CRWVRHI
| 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 | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $-2.5B | $170.8M |
| 自由现金流率自由现金流/营收 | -159.1% | 13.1% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $-7.3B | $266.8M |
8季度趋势，按日历期对齐
经营现金流CRWVRHI
| Q4 25 | $1.6B | $182.5M | ||
| Q3 25 | $1.7B | $77.4M | ||
| Q2 25 | $-251.3M | $119.4M | ||
| Q1 25 | $61.2M | $-59.3M | ||
| Q4 24 | — | $154.8M | ||
| Q3 24 | — | $129.6M | ||
| Q2 24 | — | $142.0M | ||
| Q1 24 | — | $-15.9M |
自由现金流CRWVRHI
| Q4 25 | $-2.5B | $170.8M | ||
| Q3 25 | $-699.8M | $63.6M | ||
| Q2 25 | $-2.7B | $104.2M | ||
| Q1 25 | $-1.3B | $-71.7M | ||
| Q4 24 | — | $140.5M | ||
| Q3 24 | — | $111.8M | ||
| Q2 24 | — | $129.6M | ||
| Q1 24 | — | $-27.7M |
自由现金流率CRWVRHI
| Q4 25 | -159.1% | 13.1% | ||
| Q3 25 | -51.3% | 4.7% | ||
| Q2 25 | -223.0% | 7.6% | ||
| Q1 25 | -137.1% | -5.3% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | -1.9% |
资本支出强度CRWVRHI
| Q4 25 | 258.3% | 0.9% | ||
| Q3 25 | 175.1% | 1.0% | ||
| Q2 25 | 202.3% | 1.1% | ||
| Q1 25 | 143.4% | 0.9% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.8% |
现金转化率CRWVRHI
| Q4 25 | — | — | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 2.91× | ||
| Q1 25 | — | -3.42× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | — | 2.08× | ||
| Q1 24 | — | -0.25× |
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% |
RHI
| Finance And Accounting | $535.2M | 41% |
| Protiviti | $479.0M | 37% |
| Technology | $156.4M | 12% |
| Permanent Placement Talent Solutions | $102.6M | 8% |
| Other | $29.2M | 2% |
