vs
CARVANA CO.（CVNA）与Diamondback Energy（FANG）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Diamondback Energy的1.7倍（$5.6B vs $3.4B），CARVANA CO.净利率更高（15.3% vs -43.2%，领先58.5%），CARVANA CO.同比增速更快（58.0% vs -9.0%），过去两年CARVANA CO.的营收复合增速更高（35.3% vs 23.1%）
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。
总部位于美国得克萨斯州米德兰市的Diamondback Energy是一家美国能源企业，核心业务为在二叠纪盆地开展油气勘探开发，聚焦北美上游能源领域，在核心资源区拥有丰富的项目储备与成熟的运营经验。
CVNA vs FANG — 直观对比
营收规模更大
CVNA
是对方的1.7倍
$3.4B
营收增速更快
CVNA
高出67.0%
-9.0%
净利率更高
CVNA
高出58.5%
-43.2%
两年增速更快
CVNA
近两年复合增速
23.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.6B | $3.4B |
| 净利润 | $857.0M | $-1.5B |
| 毛利率 | 18.8% | — |
| 营业利润率 | 7.6% | -82.4% |
| 净利率 | 15.3% | -43.2% |
| 营收同比 | 58.0% | -9.0% |
| 净利润同比 | 984.8% | -235.8% |
| 每股收益（稀释后） | — | $-4.99 |
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CVNAFANG
| Q4 25 | $5.6B | $3.4B | ||
| Q3 25 | $5.6B | $3.9B | ||
| Q2 25 | $4.8B | $3.7B | ||
| Q1 25 | $4.2B | $4.0B | ||
| Q4 24 | $3.5B | $3.7B | ||
| Q3 24 | $3.7B | $2.6B | ||
| Q2 24 | $3.4B | $2.5B | ||
| Q1 24 | $3.1B | $2.2B |
净利润CVNAFANG
| Q4 25 | $857.0M | $-1.5B | ||
| Q3 25 | $151.0M | $1.0B | ||
| Q2 25 | $183.0M | $699.0M | ||
| Q1 25 | $216.0M | $1.4B | ||
| Q4 24 | $79.0M | $1.1B | ||
| Q3 24 | $85.0M | $659.0M | ||
| Q2 24 | $18.0M | $837.0M | ||
| Q1 24 | $28.0M | $768.0M |
毛利率CVNAFANG
| 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% | — | ||
| Q1 24 | 19.3% | — |
营业利润率CVNAFANG
| Q4 25 | 7.6% | -82.4% | ||
| Q3 25 | 9.8% | 31.5% | ||
| Q2 25 | 10.6% | 31.0% | ||
| Q1 25 | 9.3% | 41.3% | ||
| Q4 24 | 7.3% | 38.0% | ||
| Q3 24 | 9.2% | 26.8% | ||
| Q2 24 | 7.6% | 46.6% | ||
| Q1 24 | 4.4% | 50.2% |
净利率CVNAFANG
| Q4 25 | 15.3% | -43.2% | ||
| Q3 25 | 2.7% | 25.9% | ||
| Q2 25 | 3.8% | 19.0% | ||
| Q1 25 | 5.1% | 34.7% | ||
| Q4 24 | 2.2% | 28.9% | ||
| Q3 24 | 2.3% | 24.9% | ||
| Q2 24 | 0.5% | 33.7% | ||
| Q1 24 | 0.9% | 34.5% |
每股收益（稀释后）CVNAFANG
| Q4 25 | — | $-4.99 | ||
| Q3 25 | — | $3.51 | ||
| Q2 25 | — | $2.38 | ||
| Q1 25 | — | $4.83 | ||
| Q4 24 | — | $3.40 | ||
| Q3 24 | — | $3.19 | ||
| Q2 24 | — | $4.66 | ||
| Q1 24 | $0.24 | $4.28 |
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 | $104.0M |
| 总债务越低越好 | $4.9B | $13.7B |
| 股东权益账面价值 | $3.4B | $37.0B |
| 总资产 | $13.2B | $71.1B |
| 负债/权益比越低杠杆越低 | 1.43× | 0.37× |
8季度趋势，按日历期对齐
现金及短期投资CVNAFANG
| Q4 25 | $2.3B | $104.0M | ||
| Q3 25 | $2.1B | $159.0M | ||
| Q2 25 | $1.9B | $219.0M | ||
| Q1 25 | $1.9B | $1.8B | ||
| Q4 24 | $1.7B | $161.0M | ||
| Q3 24 | $871.0M | $370.0M | ||
| Q2 24 | $542.0M | $6.9B | ||
| Q1 24 | $252.0M | $896.0M |
总债务CVNAFANG
| Q4 25 | $4.9B | $13.7B | ||
| Q3 25 | — | $15.8B | ||
| Q2 25 | — | $15.1B | ||
| Q1 25 | — | $13.0B | ||
| Q4 24 | $5.3B | $12.1B | ||
| Q3 24 | — | $11.9B | ||
| Q2 24 | — | $12.0B | ||
| Q1 24 | — | $6.6B |
股东权益CVNAFANG
| Q4 25 | $3.4B | $37.0B | ||
| Q3 25 | $2.3B | $39.1B | ||
| Q2 25 | $1.7B | $38.9B | ||
| Q1 25 | $1.5B | $38.5B | ||
| Q4 24 | $1.3B | $37.7B | ||
| Q3 24 | $611.0M | $37.4B | ||
| Q2 24 | $526.0M | $17.4B | ||
| Q1 24 | $289.0M | $16.9B |
总资产CVNAFANG
| Q4 25 | $13.2B | $71.1B | ||
| Q3 25 | $9.9B | $76.2B | ||
| Q2 25 | $9.4B | $71.9B | ||
| Q1 25 | $8.9B | $70.1B | ||
| Q4 24 | $8.5B | $67.3B | ||
| Q3 24 | $7.4B | $65.7B | ||
| Q2 24 | $7.2B | $35.6B | ||
| Q1 24 | $7.0B | $29.7B |
负债/权益比CVNAFANG
| Q4 25 | 1.43× | 0.37× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.39× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | 4.20× | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.39× |
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 | $2.3B |
| 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CVNAFANG
| Q4 25 | $430.0M | $2.3B | ||
| Q3 25 | $345.0M | $2.4B | ||
| Q2 25 | $29.0M | $1.7B | ||
| Q1 25 | $232.0M | $2.4B | ||
| Q4 24 | $60.0M | $2.3B | ||
| Q3 24 | $403.0M | $1.2B | ||
| Q2 24 | $354.0M | $1.5B | ||
| Q1 24 | $101.0M | $1.3B |
自由现金流CVNAFANG
| Q4 25 | $379.0M | — | ||
| Q3 25 | $307.0M | — | ||
| Q2 25 | $-2.0M | — | ||
| Q1 25 | $205.0M | — | ||
| Q4 24 | $36.0M | — | ||
| Q3 24 | $376.0M | — | ||
| Q2 24 | $332.0M | — | ||
| Q1 24 | $83.0M | — |
自由现金流率CVNAFANG
| Q4 25 | 6.8% | — | ||
| Q3 25 | 5.4% | — | ||
| Q2 25 | -0.0% | — | ||
| Q1 25 | 4.8% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 9.7% | — | ||
| Q1 24 | 2.7% | — |
资本支出强度CVNAFANG
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | 0.6% | — |
现金转化率CVNAFANG
| Q4 25 | 0.50× | — | ||
| Q3 25 | 2.28× | 2.34× | ||
| Q2 25 | 0.16× | 2.40× | ||
| Q1 25 | 1.07× | 1.68× | ||
| Q4 24 | 0.76× | 2.18× | ||
| Q3 24 | 4.74× | 1.83× | ||
| Q2 24 | 19.67× | 1.83× | ||
| Q1 24 | 3.61× | 1.74× |
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% |
FANG
| Oil Explorationand Production | $2.7B | 81% |
| Oil Purchased | $308.0M | 9% |
| Natural Gas Liquids Production | $293.0M | 9% |
| Natural Gas Production | $4.0M | 0% |
