vs
CoreWeave, Inc.（CRWV）与Rithm Capital Corp.（RITM）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Rithm Capital Corp.的1.9倍（$1.6B vs $828.2M），Rithm Capital Corp.净利率更高（13.2% vs -28.7%，领先42.0%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
CRWV vs RITM — 直观对比
营收规模更大
CRWV
是对方的1.9倍
$828.2M
净利率更高
RITM
高出42.0%
-28.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $828.2M |
| 净利润 | $-451.7M | $109.5M |
| 毛利率 | 67.6% | — |
| 营业利润率 | -5.7% | 29.9% |
| 净利率 | -28.7% | 13.2% |
| 营收同比 | — | 508.5% |
| 净利润同比 | — | 27.7% |
| 每股收益（稀释后） | $-0.50 | $0.12 |
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CRWVRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $981.6M | $768.4M | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | $583.9M | $619.5M | ||
| Q2 24 | $395.4M | $1.2B |
净利润CRWVRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $-451.7M | $85.0M | ||
| Q3 25 | $-110.1M | $221.5M | ||
| Q2 25 | $-290.5M | $311.7M | ||
| Q1 25 | $-314.6M | $78.8M | ||
| Q4 24 | — | $290.2M | ||
| Q3 24 | $-359.8M | $121.7M | ||
| Q2 24 | $-323.0M | $235.6M |
毛利率CRWVRITM
| Q1 26 | — | — | ||
| Q4 25 | 67.6% | — | ||
| Q3 25 | 73.0% | — | ||
| Q2 25 | 74.2% | — | ||
| Q1 25 | 73.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 75.5% | — | ||
| Q2 24 | 72.5% | — |
营业利润率CRWVRITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | -5.7% | 13.8% | ||
| Q3 25 | 3.8% | 21.4% | ||
| Q2 25 | 1.6% | 25.2% | ||
| Q1 25 | -2.8% | 7.4% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | 20.1% | 7.3% | ||
| Q2 24 | 19.7% | 23.6% |
净利率CRWVRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | -28.7% | 5.7% | ||
| Q3 25 | -8.1% | 20.0% | ||
| Q2 25 | -24.0% | 25.6% | ||
| Q1 25 | -32.1% | 10.3% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | -61.6% | 19.7% | ||
| Q2 24 | -81.7% | 19.2% |
每股收益（稀释后）CRWVRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $-0.50 | $0.09 | ||
| Q3 25 | $-0.22 | $0.35 | ||
| Q2 25 | $-0.60 | $0.53 | ||
| Q1 25 | $-1.49 | $0.07 | ||
| Q4 24 | — | $0.50 | ||
| Q3 24 | $-1.82 | $0.20 | ||
| Q2 24 | $-1.62 | $0.43 |
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 | — |
| 股东权益账面价值 | $3.3B | $9.1B |
| 总资产 | $49.3B | $53.4B |
| 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CRWVRITM
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $1.8B | ||
| Q3 25 | $1.9B | $1.6B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.0B | $1.2B |
总债务CRWVRITM
| Q1 26 | — | — | ||
| Q4 25 | $21.4B | $35.4B | ||
| Q3 25 | $14.0B | $32.2B | ||
| Q2 25 | $11.1B | $31.2B | ||
| Q1 25 | $8.7B | $32.2B | ||
| Q4 24 | — | $32.6B | ||
| Q3 24 | — | $29.6B | ||
| Q2 24 | — | $30.1B |
股东权益CRWVRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $3.3B | $8.4B | ||
| Q3 25 | $3.9B | $8.5B | ||
| Q2 25 | $2.7B | $7.9B | ||
| Q1 25 | $1.9B | $7.8B | ||
| Q4 24 | — | $7.8B | ||
| Q3 24 | $-344.0M | $7.7B | ||
| Q2 24 | $-1.0B | $7.3B |
总资产CRWVRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $49.3B | $53.1B | ||
| Q3 25 | $32.9B | $47.2B | ||
| Q2 25 | $26.2B | $44.3B | ||
| Q1 25 | $21.9B | $45.3B | ||
| Q4 24 | — | $46.0B | ||
| Q3 24 | — | $42.3B | ||
| Q2 24 | — | $42.0B |
负债/权益比CRWVRITM
| Q1 26 | — | — | ||
| Q4 25 | 6.41× | 4.20× | ||
| Q3 25 | 3.62× | 3.79× | ||
| Q2 25 | 4.16× | 3.92× | ||
| Q1 25 | 4.57× | 4.14× | ||
| Q4 24 | — | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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 | — |
| 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 | — | — |
| 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CRWVRITM
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $-114.6M | ||
| Q3 25 | $1.7B | $-2.0B | ||
| Q2 25 | $-251.3M | $-557.1M | ||
| Q1 25 | $61.2M | $1.4B | ||
| Q4 24 | — | $-1.8B | ||
| Q3 24 | — | $768.1M | ||
| Q2 24 | — | $-55.7M |
自由现金流CRWVRITM
| Q1 26 | — | — | ||
| Q4 25 | $-2.5B | — | ||
| Q3 25 | $-699.8M | — | ||
| Q2 25 | $-2.7B | — | ||
| Q1 25 | $-1.3B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率CRWVRITM
| Q1 26 | — | — | ||
| Q4 25 | -159.1% | — | ||
| Q3 25 | -51.3% | — | ||
| Q2 25 | -223.0% | — | ||
| Q1 25 | -137.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度CRWVRITM
| Q1 26 | — | — | ||
| Q4 25 | 258.3% | — | ||
| Q3 25 | 175.1% | — | ||
| Q2 25 | 202.3% | — | ||
| Q1 25 | 143.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率CRWVRITM
| Q1 26 | — | — | ||
| Q4 25 | — | -1.35× | ||
| Q3 25 | — | -9.22× | ||
| Q2 25 | — | -1.79× | ||
| Q1 25 | — | 18.03× | ||
| Q4 24 | — | -6.04× | ||
| Q3 24 | — | 6.31× | ||
| Q2 24 | — | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
