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CoreWeave, Inc.（CRWV）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
CoreWeave, Inc.的季度营收约是瑞思迈的1.1倍（$1.6B vs $1.4B），瑞思迈净利率更高（27.6% vs -28.7%，领先56.3%）
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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
CRWV vs RMD — 直观对比
营收规模更大
CRWV
是对方的1.1倍
$1.4B
净利率更高
RMD
高出56.3%
-28.7%
损益表 — Q4 FY2025 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.4B |
| 净利润 | $-451.7M | $392.6M |
| 毛利率 | 67.6% | 61.8% |
| 营业利润率 | -5.7% | 34.6% |
| 净利率 | -28.7% | 27.6% |
| 营收同比 | — | 11.0% |
| 净利润同比 | — | 13.9% |
| 每股收益（稀释后） | $-0.50 | $2.68 |
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CRWVRMD
| Q2 26 | — | $1.4B | ||
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $981.6M | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $583.9M | $1.2B | ||
| Q2 24 | $395.4M | $1.2B |
净利润CRWVRMD
| Q2 26 | — | $392.6M | ||
| Q4 25 | $-451.7M | $392.6M | ||
| Q3 25 | $-110.1M | $348.5M | ||
| Q2 25 | $-290.5M | $379.7M | ||
| Q1 25 | $-314.6M | $365.0M | ||
| Q4 24 | — | $344.6M | ||
| Q3 24 | $-359.8M | $311.4M | ||
| Q2 24 | $-323.0M | $292.2M |
毛利率CRWVRMD
| Q2 26 | — | 61.8% | ||
| Q4 25 | 67.6% | 61.8% | ||
| Q3 25 | 73.0% | 61.5% | ||
| Q2 25 | 74.2% | 60.8% | ||
| Q1 25 | 73.3% | 59.3% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | 75.5% | 58.6% | ||
| Q2 24 | 72.5% | 58.5% |
营业利润率CRWVRMD
| Q2 26 | — | 34.6% | ||
| Q4 25 | -5.7% | 34.6% | ||
| Q3 25 | 3.8% | 33.4% | ||
| Q2 25 | 1.6% | 33.7% | ||
| Q1 25 | -2.8% | 33.0% | ||
| Q4 24 | — | 32.5% | ||
| Q3 24 | 20.1% | 31.6% | ||
| Q2 24 | 19.7% | 31.2% |
净利率CRWVRMD
| Q2 26 | — | 27.6% | ||
| Q4 25 | -28.7% | 27.6% | ||
| Q3 25 | -8.1% | 26.1% | ||
| Q2 25 | -24.0% | 28.2% | ||
| Q1 25 | -32.1% | 28.3% | ||
| Q4 24 | — | 26.9% | ||
| Q3 24 | -61.6% | 25.4% | ||
| Q2 24 | -81.7% | 23.9% |
每股收益（稀释后）CRWVRMD
| Q2 26 | — | $2.68 | ||
| Q4 25 | $-0.50 | $2.68 | ||
| Q3 25 | $-0.22 | $2.37 | ||
| Q2 25 | $-0.60 | $2.58 | ||
| Q1 25 | $-1.49 | $2.48 | ||
| Q4 24 | — | $2.34 | ||
| Q3 24 | $-1.82 | $2.11 | ||
| Q2 24 | $-1.62 | $1.97 |
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 | $1.4B |
| 总债务越低越好 | $21.4B | $663.8M |
| 股东权益账面价值 | $3.3B | $6.3B |
| 总资产 | $49.3B | $8.5B |
| 负债/权益比越低杠杆越低 | 6.41× | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资CRWVRMD
| Q2 26 | — | $1.4B | ||
| Q4 25 | $3.2B | $1.4B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.3B | $932.7M | ||
| Q4 24 | — | $521.9M | ||
| Q3 24 | $1.4B | $426.4M | ||
| Q2 24 | $1.0B | $238.4M |
总债务CRWVRMD
| Q2 26 | — | $663.8M | ||
| Q4 25 | $21.4B | $403.9M | ||
| Q3 25 | $14.0B | $408.7M | ||
| Q2 25 | $11.1B | $658.4M | ||
| Q1 25 | $8.7B | $663.1M | ||
| Q4 24 | — | $662.9M | ||
| Q3 24 | — | $667.6M | ||
| Q2 24 | — | $697.3M |
股东权益CRWVRMD
| Q2 26 | — | $6.3B | ||
| Q4 25 | $3.3B | $6.3B | ||
| Q3 25 | $3.9B | $6.1B | ||
| Q2 25 | $2.7B | $6.0B | ||
| Q1 25 | $1.9B | $5.5B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | $-344.0M | $5.2B | ||
| Q2 24 | $-1.0B | $4.9B |
总资产CRWVRMD
| Q2 26 | — | $8.5B | ||
| Q4 25 | $49.3B | $8.5B | ||
| Q3 25 | $32.9B | $8.3B | ||
| Q2 25 | $26.2B | $8.2B | ||
| Q1 25 | $21.9B | $7.6B | ||
| Q4 24 | — | $7.1B | ||
| Q3 24 | — | $7.2B | ||
| Q2 24 | — | $6.9B |
负债/权益比CRWVRMD
| Q2 26 | — | 0.11× | ||
| Q4 25 | 6.41× | 0.06× | ||
| Q3 25 | 3.62× | 0.07× | ||
| Q2 25 | 4.16× | 0.11× | ||
| Q1 25 | 4.57× | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× |
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CRWVRMD
| Q2 26 | — | — | ||
| Q4 25 | $1.6B | $339.7M | ||
| Q3 25 | $1.7B | $457.3M | ||
| Q2 25 | $-251.3M | $538.8M | ||
| Q1 25 | $61.2M | $578.7M | ||
| Q4 24 | — | $308.6M | ||
| Q3 24 | — | $325.5M | ||
| Q2 24 | — | $440.1M |
自由现金流CRWVRMD
| Q2 26 | — | — | ||
| Q4 25 | $-2.5B | $311.2M | ||
| Q3 25 | $-699.8M | $414.4M | ||
| Q2 25 | $-2.7B | $508.2M | ||
| Q1 25 | $-1.3B | $557.9M | ||
| Q4 24 | — | $288.0M | ||
| Q3 24 | — | $307.7M | ||
| Q2 24 | — | $415.2M |
自由现金流率CRWVRMD
| Q2 26 | — | — | ||
| Q4 25 | -159.1% | 21.9% | ||
| Q3 25 | -51.3% | 31.0% | ||
| Q2 25 | -223.0% | 37.7% | ||
| Q1 25 | -137.1% | 43.2% | ||
| Q4 24 | — | 22.5% | ||
| Q3 24 | — | 25.1% | ||
| Q2 24 | — | 33.9% |
资本支出强度CRWVRMD
| Q2 26 | — | — | ||
| Q4 25 | 258.3% | 2.0% | ||
| Q3 25 | 175.1% | 3.2% | ||
| Q2 25 | 202.3% | 2.3% | ||
| Q1 25 | 143.4% | 1.6% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 2.0% |
现金转化率CRWVRMD
| Q2 26 | — | — | ||
| Q4 25 | — | 0.87× | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 1.05× | ||
| Q2 24 | — | 1.51× |
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% |
RMD
暂无分部数据
