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CARVANA CO.（CVNA）与Exelon（EXC）财务数据对比。点击上方公司名可切换其他公司
CARVANA CO.的季度营收约是Exelon的1.0倍（$5.6B vs $5.4B），CARVANA CO.同比增速更快（58.0% vs -19.4%），过去两年CARVANA CO.的营收复合增速更高（35.3% vs 0.5%）
Carvana Co.是总部位于美国亚利桑那州坦佩市的线上二手车零售企业，主打线上一站式购车服务，2021年成功入选《财富》500强榜单，是该榜单有史以来最年轻的上榜企业之一。
Exelon是总部位于美国芝加哥、在宾夕法尼亚州注册的公用事业企业，按营收计算为美国最大的电力母公司，同时是美国规模最大的受监管电力公用事业公司，服务约1000万用户，位列《财富》世界500强第187位。
CVNA vs EXC — 直观对比
营收规模更大
CVNA
是对方的1.0倍
$5.4B
营收增速更快
CVNA
高出77.4%
-19.4%
两年增速更快
CVNA
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.6B | $5.4B |
| 净利润 | $857.0M | — |
| 毛利率 | 18.8% | — |
| 营业利润率 | 7.6% | 21.9% |
| 净利率 | 15.3% | — |
| 营收同比 | 58.0% | -19.4% |
| 净利润同比 | 984.8% | — |
| 每股收益（稀释后） | — | — |
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CVNAEXC
| Q1 26 | — | $5.4B | ||
| Q4 25 | $5.6B | $5.4B | ||
| Q3 25 | $5.6B | $6.7B | ||
| Q2 25 | $4.8B | $5.4B | ||
| Q1 25 | $4.2B | $6.7B | ||
| Q4 24 | $3.5B | $5.5B | ||
| Q3 24 | $3.7B | $6.2B | ||
| Q2 24 | $3.4B | $5.4B |
净利润CVNAEXC
| Q1 26 | — | — | ||
| Q4 25 | $857.0M | $594.0M | ||
| Q3 25 | $151.0M | $875.0M | ||
| Q2 25 | $183.0M | $391.0M | ||
| Q1 25 | $216.0M | $908.0M | ||
| Q4 24 | $79.0M | $647.0M | ||
| Q3 24 | $85.0M | $707.0M | ||
| Q2 24 | $18.0M | $448.0M |
毛利率CVNAEXC
| Q1 26 | — | — | ||
| Q4 25 | 18.8% | — | ||
| Q3 25 | 20.3% | — | ||
| Q2 25 | 22.0% | — | ||
| Q1 25 | 22.0% | — | ||
| Q4 24 | 21.5% | — | ||
| Q3 24 | 22.1% | — | ||
| Q2 24 | 21.0% | — |
营业利润率CVNAEXC
| Q1 26 | — | 21.9% | ||
| Q4 25 | 7.6% | 21.9% | ||
| Q3 25 | 9.8% | 22.4% | ||
| Q2 25 | 10.6% | 17.1% | ||
| Q1 25 | 9.3% | 22.9% | ||
| Q4 24 | 7.3% | 20.0% | ||
| Q3 24 | 9.2% | 19.4% | ||
| Q2 24 | 7.6% | 17.0% |
净利率CVNAEXC
| Q1 26 | — | — | ||
| Q4 25 | 15.3% | 11.0% | ||
| Q3 25 | 2.7% | 13.0% | ||
| Q2 25 | 3.8% | 7.2% | ||
| Q1 25 | 5.1% | 13.5% | ||
| Q4 24 | 2.2% | 11.8% | ||
| Q3 24 | 2.3% | 11.5% | ||
| Q2 24 | 0.5% | 8.4% |
每股收益（稀释后）CVNAEXC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $0.86 | ||
| Q2 25 | — | $0.39 | ||
| Q1 25 | — | $0.90 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0.70 | ||
| Q2 24 | — | $0.45 |
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 | $2.3B | $626.0M |
| 总债务越低越好 | $4.9B | $49.4B |
| 股东权益账面价值 | $3.4B | $28.8B |
| 总资产 | $13.2B | $116.6B |
| 负债/权益比越低杠杆越低 | 1.43× | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资CVNAEXC
| Q1 26 | — | $626.0M | ||
| Q4 25 | $2.3B | $626.0M | ||
| Q3 25 | $2.1B | $1.5B | ||
| Q2 25 | $1.9B | $724.0M | ||
| Q1 25 | $1.9B | $1.0B | ||
| Q4 24 | $1.7B | $357.0M | ||
| Q3 24 | $871.0M | $616.0M | ||
| Q2 24 | $542.0M | $934.0M |
总债务CVNAEXC
| Q1 26 | — | $49.4B | ||
| Q4 25 | $4.9B | $49.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $5.3B | $44.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CVNAEXC
| Q1 26 | — | $28.8B | ||
| Q4 25 | $3.4B | $28.8B | ||
| Q3 25 | $2.3B | $28.1B | ||
| Q2 25 | $1.7B | $27.6B | ||
| Q1 25 | $1.5B | $27.6B | ||
| Q4 24 | $1.3B | $26.9B | ||
| Q3 24 | $611.0M | $26.6B | ||
| Q2 24 | $526.0M | $26.2B |
总资产CVNAEXC
| Q1 26 | — | $116.6B | ||
| Q4 25 | $13.2B | $116.6B | ||
| Q3 25 | $9.9B | $113.5B | ||
| Q2 25 | $9.4B | $111.1B | ||
| Q1 25 | $8.9B | $109.5B | ||
| Q4 24 | $8.5B | $107.8B | ||
| Q3 24 | $7.4B | $106.1B | ||
| Q2 24 | $7.2B | $105.1B |
负债/权益比CVNAEXC
| Q1 26 | — | 1.72× | ||
| Q4 25 | 1.43× | 1.72× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.20× | 1.66× | ||
| Q3 24 | — | — | ||
| Q2 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 | $430.0M | — |
| 自由现金流经营现金流 - 资本支出 | $379.0M | — |
| 自由现金流率自由现金流/营收 | 6.8% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 0.50× | — |
| 过去12个月自由现金流最近4个季度 | $889.0M | — |
8季度趋势，按日历期对齐
经营现金流CVNAEXC
| Q1 26 | — | — | ||
| Q4 25 | $430.0M | $1.2B | ||
| Q3 25 | $345.0M | $2.3B | ||
| Q2 25 | $29.0M | $1.5B | ||
| Q1 25 | $232.0M | $1.2B | ||
| Q4 24 | $60.0M | $1.4B | ||
| Q3 24 | $403.0M | $1.7B | ||
| Q2 24 | $354.0M | $1.5B |
自由现金流CVNAEXC
| Q1 26 | — | — | ||
| Q4 25 | $379.0M | $-1.2B | ||
| Q3 25 | $307.0M | $163.0M | ||
| Q2 25 | $-2.0M | $-502.0M | ||
| Q1 25 | $205.0M | $-746.0M | ||
| Q4 24 | $36.0M | $-510.0M | ||
| Q3 24 | $376.0M | $-6.0M | ||
| Q2 24 | $332.0M | $-237.0M |
自由现金流率CVNAEXC
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | -22.0% | ||
| Q3 25 | 5.4% | 2.4% | ||
| Q2 25 | -0.0% | -9.3% | ||
| Q1 25 | 4.8% | -11.1% | ||
| Q4 24 | 1.0% | -9.3% | ||
| Q3 24 | 10.3% | -0.1% | ||
| Q2 24 | 9.7% | -4.4% |
资本支出强度CVNAEXC
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 45.0% | ||
| Q3 25 | 0.7% | 31.9% | ||
| Q2 25 | 0.6% | 37.1% | ||
| Q1 25 | 0.6% | 29.0% | ||
| Q4 24 | 0.7% | 35.4% | ||
| Q3 24 | 0.7% | 27.5% | ||
| Q2 24 | 0.6% | 31.7% |
现金转化率CVNAEXC
| Q1 26 | — | — | ||
| Q4 25 | 0.50× | 2.09× | ||
| Q3 25 | 2.28× | 2.63× | ||
| Q2 25 | 0.16× | 3.86× | ||
| Q1 25 | 1.07× | 1.32× | ||
| Q4 24 | 0.76× | 2.20× | ||
| Q3 24 | 4.74× | 2.39× | ||
| Q2 24 | 19.67× | 3.26× |
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
CVNA
| Used Vehicle Sales | $4.2B | 74% |
| Wholesale Sales And Revenues | $988.0M | 18% |
| Other | $459.0M | 8% |
EXC
暂无分部数据
