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CVR ENERGY INC（CVI）与拉扎德（LAZ）财务数据对比。点击上方公司名可切换其他公司
CVR ENERGY INC的季度营收约是拉扎德的1.9倍（$1.8B vs $929.4M），拉扎德净利率更高（5.4% vs -6.1%，领先11.4%），拉扎德同比增速更快（10.8% vs -7.0%），过去两年拉扎德的营收复合增速更高（8.8% vs -1.4%）
CVR能源是总部位于美国的能源控股企业，主营石油炼制与氮肥制造两大核心业务，生产汽油、柴油、航空燃油及农用化肥等产品，主要面向北美地区的商业、工业及农业客户供货。
拉扎德公司是一家美国金融咨询与资产管理机构，业务覆盖投资银行、资产管理及其他金融服务，核心客户以机构客户为主。作为全球规模最大的独立投资银行，其主要行政办公室分布于纽约、巴黎及伦敦三地。
CVI vs LAZ — 直观对比
营收规模更大
CVI
是对方的1.9倍
$929.4M
营收增速更快
LAZ
高出17.8%
-7.0%
净利率更高
LAZ
高出11.4%
-6.1%
两年增速更快
LAZ
近两年复合增速
-1.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $929.4M |
| 净利润 | $-110.0M | $49.9M |
| 毛利率 | -3.1% | — |
| 营业利润率 | -5.3% | 9.1% |
| 净利率 | -6.1% | 5.4% |
| 营收同比 | -7.0% | 10.8% |
| 净利润同比 | -492.9% | -42.2% |
| 每股收益（稀释后） | $-1.09 | $0.44 |
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CVILAZ
| Q4 25 | $1.8B | $929.4M | ||
| Q3 25 | $1.9B | $770.8M | ||
| Q2 25 | $1.8B | $817.2M | ||
| Q1 25 | $1.6B | $669.2M | ||
| Q4 24 | $1.9B | $839.0M | ||
| Q3 24 | $1.8B | $807.4M | ||
| Q2 24 | $2.0B | $708.0M | ||
| Q1 24 | $1.9B | $785.5M |
净利润CVILAZ
| Q4 25 | $-110.0M | $49.9M | ||
| Q3 25 | $374.0M | $71.2M | ||
| Q2 25 | $-114.0M | $55.3M | ||
| Q1 25 | $-123.0M | $60.4M | ||
| Q4 24 | $28.0M | $86.3M | ||
| Q3 24 | $-124.0M | $107.9M | ||
| Q2 24 | $21.0M | $49.9M | ||
| Q1 24 | $82.0M | $35.8M |
毛利率CVILAZ
| Q4 25 | -3.1% | — | ||
| Q3 25 | 28.8% | — | ||
| Q2 25 | -3.7% | — | ||
| Q1 25 | -5.5% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | -3.9% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 8.6% | — |
营业利润率CVILAZ
| Q4 25 | -5.3% | 9.1% | ||
| Q3 25 | 26.3% | 12.3% | ||
| Q2 25 | -5.8% | 11.4% | ||
| Q1 25 | -8.0% | 8.2% | ||
| Q4 24 | 1.1% | 12.8% | ||
| Q3 24 | -6.2% | 20.0% | ||
| Q2 24 | 1.4% | 9.0% | ||
| Q1 24 | 6.6% | 6.9% |
净利率CVILAZ
| Q4 25 | -6.1% | 5.4% | ||
| Q3 25 | 19.2% | 9.2% | ||
| Q2 25 | -6.5% | 6.8% | ||
| Q1 25 | -7.5% | 9.0% | ||
| Q4 24 | 1.4% | 10.3% | ||
| Q3 24 | -6.8% | 13.4% | ||
| Q2 24 | 1.1% | 7.0% | ||
| Q1 24 | 4.4% | 4.6% |
每股收益（稀释后）CVILAZ
| Q4 25 | $-1.09 | $0.44 | ||
| Q3 25 | $3.72 | $0.65 | ||
| Q2 25 | $-1.14 | $0.52 | ||
| Q1 25 | $-1.22 | $0.56 | ||
| Q4 24 | $0.28 | $0.82 | ||
| Q3 24 | $-1.24 | $1.02 | ||
| Q2 24 | $0.21 | $0.49 | ||
| Q1 24 | $0.81 | $0.35 |
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 | $511.0M | $1.5B |
| 总债务越低越好 | $1.8B | $1.7B |
| 股东权益账面价值 | $730.0M | $873.7M |
| 总资产 | $3.7B | $4.9B |
| 负债/权益比越低杠杆越低 | 2.40× | 1.93× |
8季度趋势，按日历期对齐
现金及短期投资CVILAZ
| Q4 25 | $511.0M | $1.5B | ||
| Q3 25 | $670.0M | $1.2B | ||
| Q2 25 | $596.0M | $978.3M | ||
| Q1 25 | $695.0M | $908.6M | ||
| Q4 24 | $987.0M | $1.3B | ||
| Q3 24 | $534.0M | $1.2B | ||
| Q2 24 | $586.0M | $847.6M | ||
| Q1 24 | $644.0M | $923.2M |
总债务CVILAZ
| Q4 25 | $1.8B | $1.7B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $1.6B | $1.9B | ||
| Q2 24 | $1.6B | $1.9B | ||
| Q1 24 | $1.6B | $1.9B |
股东权益CVILAZ
| Q4 25 | $730.0M | $873.7M | ||
| Q3 25 | $840.0M | $841.5M | ||
| Q2 25 | $466.0M | $741.6M | ||
| Q1 25 | $580.0M | $603.0M | ||
| Q4 24 | $703.0M | $636.2M | ||
| Q3 24 | $675.0M | $624.3M | ||
| Q2 24 | $849.0M | $458.7M | ||
| Q1 24 | $879.0M | $392.7M |
总资产CVILAZ
| Q4 25 | $3.7B | $4.9B | ||
| Q3 25 | $4.0B | $4.6B | ||
| Q2 25 | $4.0B | $4.5B | ||
| Q1 25 | $4.3B | $4.2B | ||
| Q4 24 | $4.3B | $4.8B | ||
| Q3 24 | $3.9B | $4.8B | ||
| Q2 24 | $4.0B | $4.5B | ||
| Q1 24 | $4.1B | $4.6B |
负债/权益比CVILAZ
| Q4 25 | 2.40× | 1.93× | ||
| Q3 25 | 2.17× | 2.01× | ||
| Q2 25 | 3.97× | 2.28× | ||
| Q1 25 | 3.29× | 2.80× | ||
| Q4 24 | 2.71× | 2.65× | ||
| Q3 24 | 2.33× | 2.97× | ||
| Q2 24 | 1.86× | 4.04× | ||
| Q1 24 | 1.79× | 4.71× |
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 | $0 | $399.7M |
| 自由现金流经营现金流 - 资本支出 | — | $396.1M |
| 自由现金流率自由现金流/营收 | — | 42.6% |
| 资本支出强度资本支出/营收 | 3.0% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 8.02× |
| 过去12个月自由现金流最近4个季度 | — | $487.4M |
8季度趋势，按日历期对齐
经营现金流CVILAZ
| Q4 25 | $0 | $399.7M | ||
| Q3 25 | $163.0M | $287.5M | ||
| Q2 25 | $176.0M | $49.7M | ||
| Q1 25 | $-195.0M | $-217.5M | ||
| Q4 24 | $98.0M | $362.9M | ||
| Q3 24 | $48.0M | $293.7M | ||
| Q2 24 | $81.0M | $176.2M | ||
| Q1 24 | $177.0M | $-90.0M |
自由现金流CVILAZ
| Q4 25 | — | $396.1M | ||
| Q3 25 | $125.0M | $284.6M | ||
| Q2 25 | $135.0M | $38.0M | ||
| Q1 25 | $-246.0M | $-231.3M | ||
| Q4 24 | $43.0M | $348.0M | ||
| Q3 24 | $14.0M | $276.2M | ||
| Q2 24 | $38.0M | $169.8M | ||
| Q1 24 | $130.0M | $-96.6M |
自由现金流率CVILAZ
| Q4 25 | — | 42.6% | ||
| Q3 25 | 6.4% | 36.9% | ||
| Q2 25 | 7.7% | 4.6% | ||
| Q1 25 | -14.9% | -34.6% | ||
| Q4 24 | 2.2% | 41.5% | ||
| Q3 24 | 0.8% | 34.2% | ||
| Q2 24 | 1.9% | 24.0% | ||
| Q1 24 | 7.0% | -12.3% |
资本支出强度CVILAZ
| Q4 25 | 3.0% | 0.4% | ||
| Q3 25 | 2.0% | 0.4% | ||
| Q2 25 | 2.3% | 1.4% | ||
| Q1 25 | 3.1% | 2.1% | ||
| Q4 24 | 2.8% | 1.8% | ||
| Q3 24 | 1.9% | 2.2% | ||
| Q2 24 | 2.2% | 0.9% | ||
| Q1 24 | 2.5% | 0.8% |
现金转化率CVILAZ
| Q4 25 | — | 8.02× | ||
| Q3 25 | 0.44× | 4.03× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | -3.60× | ||
| Q4 24 | 3.50× | 4.20× | ||
| Q3 24 | — | 2.72× | ||
| Q2 24 | 3.86× | 3.53× | ||
| Q1 24 | 2.16× | -2.52× |
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
CVI
| Petroleum Segment | $1.6B | 91% |
| Product UAN | $64.0M | 4% |
| Product Ammonia | $51.0M | 3% |
| Renewables Diesel | $27.0M | 1% |
| Product Urea Products | $8.0M | 0% |
| Renewable Fuel Credits | $7.0M | 0% |
LAZ
| Financial Advisory Segment | $542.3M | 58% |
| Asset Management1 | $347.8M | 37% |
| Incentive Fees | $40.9M | 4% |
