vs
CARVANA CO.（CVNA）与GROUP 1 AUTOMOTIVE INC（GPI）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GROUP 1 AUTOMOTIVE INC的1.0倍（$5.6B vs $5.6B）。CARVANA CO.净利率更高（15.3% vs 0.8%，领先14.5%）。CARVANA CO.同比增速更快（58.0% vs 0.6%）。CARVANA CO.自由现金流更多（$379.0M vs $51.4M）。过去两年CARVANA CO.的营收复合增速更高（35.3% vs 11.7%）
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。
Group 1 Automotive Inc是《财富》300强跨国汽车零售商，在美国及英国设有汽车经销门店与碰撞维修中心，业务涵盖新旧乘用车、轻型卡车销售，配套金融服务办理、车辆维保及汽车零配件销售，截至2024年全球员工规模超2万人。
CVNA vs GPI — 直观对比
营收规模更大
CVNA
是对方的1.0倍
$5.6B
营收增速更快
CVNA
高出57.4%
0.6%
净利率更高
CVNA
高出14.5%
0.8%
自由现金流更多
CVNA
多$327.6M
$51.4M
两年增速更快
CVNA
近两年复合增速
11.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.6B | $5.6B |
| 净利润 | $857.0M | $43.6M |
| 毛利率 | 18.8% | 15.7% |
| 营业利润率 | 7.6% | 2.5% |
| 净利率 | 15.3% | 0.8% |
| 营收同比 | 58.0% | 0.6% |
| 净利润同比 | 984.8% | -54.0% |
| 每股收益（稀释后） | — | $3.75 |
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CVNAGPI
| Q4 25 | $5.6B | $5.6B | ||
| Q3 25 | $5.6B | $5.8B | ||
| Q2 25 | $4.8B | $5.7B | ||
| Q1 25 | $4.2B | $5.5B | ||
| Q4 24 | $3.5B | $5.5B | ||
| Q3 24 | $3.7B | $5.2B | ||
| Q2 24 | $3.4B | $4.7B | ||
| Q1 24 | $3.1B | $4.5B |
净利润CVNAGPI
| Q4 25 | $857.0M | $43.6M | ||
| Q3 25 | $151.0M | $13.0M | ||
| Q2 25 | $183.0M | $140.5M | ||
| Q1 25 | $216.0M | $128.1M | ||
| Q4 24 | $79.0M | $94.7M | ||
| Q3 24 | $85.0M | $117.3M | ||
| Q2 24 | $18.0M | $138.2M | ||
| Q1 24 | $28.0M | $147.9M |
毛利率CVNAGPI
| Q4 25 | 18.8% | 15.7% | ||
| Q3 25 | 20.3% | 15.9% | ||
| Q2 25 | 22.0% | 16.4% | ||
| Q1 25 | 22.0% | 16.2% | ||
| Q4 24 | 21.5% | 15.9% | ||
| Q3 24 | 22.1% | 16.3% | ||
| Q2 24 | 21.0% | 16.3% | ||
| Q1 24 | 19.3% | 16.6% |
营业利润率CVNAGPI
| Q4 25 | 7.6% | 2.5% | ||
| Q3 25 | 9.8% | 1.9% | ||
| Q2 25 | 10.6% | 4.4% | ||
| Q1 25 | 9.3% | 4.2% | ||
| Q4 24 | 7.3% | 3.5% | ||
| Q3 24 | 9.2% | 4.4% | ||
| Q2 24 | 7.6% | 5.1% | ||
| Q1 24 | 4.4% | 5.4% |
净利率CVNAGPI
| Q4 25 | 15.3% | 0.8% | ||
| Q3 25 | 2.7% | 0.2% | ||
| Q2 25 | 3.8% | 2.5% | ||
| Q1 25 | 5.1% | 2.3% | ||
| Q4 24 | 2.2% | 1.7% | ||
| Q3 24 | 2.3% | 2.2% | ||
| Q2 24 | 0.5% | 2.9% | ||
| Q1 24 | 0.9% | 3.3% |
每股收益（稀释后）CVNAGPI
| Q4 25 | — | $3.75 | ||
| Q3 25 | — | $1.00 | ||
| Q2 25 | — | $10.82 | ||
| Q1 25 | — | $9.67 | ||
| Q4 24 | — | $7.15 | ||
| Q3 24 | — | $8.69 | ||
| Q2 24 | — | $10.17 | ||
| Q1 24 | $0.24 | $10.80 |
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 | $32.5M |
| 总债务越低越好 | $4.9B | $3.4B |
| 股东权益账面价值 | $3.4B | $2.8B |
| 总资产 | $13.2B | $10.3B |
| 负债/权益比越低杠杆越低 | 1.43× | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资CVNAGPI
| Q4 25 | $2.3B | $32.5M | ||
| Q3 25 | $2.1B | $30.8M | ||
| Q2 25 | $1.9B | $52.7M | ||
| Q1 25 | $1.9B | $70.5M | ||
| Q4 24 | $1.7B | $34.4M | ||
| Q3 24 | $871.0M | $58.7M | ||
| Q2 24 | $542.0M | $64.4M | ||
| Q1 24 | $252.0M | $41.9M |
总债务CVNAGPI
| Q4 25 | $4.9B | $3.4B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $5.3B | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.4B |
股东权益CVNAGPI
| Q4 25 | $3.4B | $2.8B | ||
| Q3 25 | $2.3B | $3.1B | ||
| Q2 25 | $1.7B | $3.1B | ||
| Q1 25 | $1.5B | $3.0B | ||
| Q4 24 | $1.3B | $3.0B | ||
| Q3 24 | $611.0M | $3.0B | ||
| Q2 24 | $526.0M | $2.9B | ||
| Q1 24 | $289.0M | $2.8B |
总资产CVNAGPI
| Q4 25 | $13.2B | $10.3B | ||
| Q3 25 | $9.9B | $10.4B | ||
| Q2 25 | $9.4B | $10.2B | ||
| Q1 25 | $8.9B | $9.9B | ||
| Q4 24 | $8.5B | $9.8B | ||
| Q3 24 | $7.4B | $10.0B | ||
| Q2 24 | $7.2B | $8.9B | ||
| Q1 24 | $7.0B | $8.5B |
负债/权益比CVNAGPI
| Q4 25 | 1.43× | 1.23× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 0.89× | ||
| Q4 24 | 4.20× | 0.92× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.80× | ||
| Q1 24 | — | 0.87× |
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 | $129.2M |
| 自由现金流经营现金流 - 资本支出 | $379.0M | $51.4M |
| 自由现金流率自由现金流/营收 | 6.8% | 0.9% |
| 资本支出强度资本支出/营收 | 0.9% | 1.4% |
| 现金转化率经营现金流/净利润 | 0.50× | 2.96× |
| 过去12个月自由现金流最近4个季度 | $889.0M | $424.5M |
8季度趋势，按日历期对齐
经营现金流CVNAGPI
| Q4 25 | $430.0M | $129.2M | ||
| Q3 25 | $345.0M | $155.0M | ||
| Q2 25 | $29.0M | $251.6M | ||
| Q1 25 | $232.0M | $158.7M | ||
| Q4 24 | $60.0M | $212.6M | ||
| Q3 24 | $403.0M | $243.9M | ||
| Q2 24 | $354.0M | $-124.1M | ||
| Q1 24 | $101.0M | $253.9M |
自由现金流CVNAGPI
| Q4 25 | $379.0M | $51.4M | ||
| Q3 25 | $307.0M | $86.7M | ||
| Q2 25 | $-2.0M | $179.9M | ||
| Q1 25 | $205.0M | $106.5M | ||
| Q4 24 | $36.0M | $120.1M | ||
| Q3 24 | $376.0M | $194.2M | ||
| Q2 24 | $332.0M | $-163.8M | ||
| Q1 24 | $83.0M | $190.7M |
自由现金流率CVNAGPI
| Q4 25 | 6.8% | 0.9% | ||
| Q3 25 | 5.4% | 1.5% | ||
| Q2 25 | -0.0% | 3.2% | ||
| Q1 25 | 4.8% | 1.9% | ||
| Q4 24 | 1.0% | 2.2% | ||
| Q3 24 | 10.3% | 3.7% | ||
| Q2 24 | 9.7% | -3.5% | ||
| Q1 24 | 2.7% | 4.3% |
资本支出强度CVNAGPI
| Q4 25 | 0.9% | 1.4% | ||
| Q3 25 | 0.7% | 1.2% | ||
| Q2 25 | 0.6% | 1.3% | ||
| Q1 25 | 0.6% | 0.9% | ||
| Q4 24 | 0.7% | 1.7% | ||
| Q3 24 | 0.7% | 1.0% | ||
| Q2 24 | 0.6% | 0.8% | ||
| Q1 24 | 0.6% | 1.4% |
现金转化率CVNAGPI
| Q4 25 | 0.50× | 2.96× | ||
| Q3 25 | 2.28× | 11.92× | ||
| Q2 25 | 0.16× | 1.79× | ||
| Q1 25 | 1.07× | 1.24× | ||
| Q4 24 | 0.76× | 2.24× | ||
| Q3 24 | 4.74× | 2.08× | ||
| Q2 24 | 19.67× | -0.90× | ||
| Q1 24 | 3.61× | 1.72× |
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% |
GPI
| New Vehicles Retail | $2.8B | 50% |
| Used Vehicles Retail | $1.7B | 31% |
| Parts And Service | $700.2M | 13% |
| Financial Service | $229.7M | 4% |
| Used Vehicles Wholesale | $143.5M | 3% |
