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CARVANA CO.（CVNA）与Rocket Companies, Inc.（RKT）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Rocket Companies, Inc.的1.6倍（$4.2B vs $2.7B），CARVANA CO.净利率更高（8.8% vs 2.5%，领先6.3%），Rocket Companies, Inc.同比增速更快（52.2% vs -34.2%），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs 11.4%）
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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
CVNA vs RKT — 直观对比
营收规模更大
CVNA
是对方的1.6倍
$2.7B
营收增速更快
RKT
高出86.4%
-34.2%
净利率更高
CVNA
高出6.3%
2.5%
两年增速更快
RKT
近两年复合增速
11.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $2.7B |
| 净利润 | $373.0M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 9.3% | 6.3% |
| 净利率 | 8.8% | 2.5% |
| 营收同比 | -34.2% | 52.2% |
| 净利润同比 | -7.9% | 100.8% |
| 每股收益（稀释后） | — | $0.10 |
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CVNARKT
| Q1 26 | $4.2B | — | ||
| Q4 25 | $5.6B | $2.7B | ||
| Q3 25 | $5.6B | $1.6B | ||
| Q2 25 | $4.8B | $1.4B | ||
| Q1 25 | $4.2B | $1.0B | ||
| Q4 24 | $3.5B | $1.8B | ||
| Q3 24 | $3.7B | $646.9M | ||
| Q2 24 | $3.4B | $1.3B |
净利润CVNARKT
| Q1 26 | $373.0M | — | ||
| Q4 25 | $857.0M | $68.0M | ||
| Q3 25 | $151.0M | $-123.9M | ||
| Q2 25 | $183.0M | $-1.8M | ||
| Q1 25 | $216.0M | $-10.4M | ||
| Q4 24 | $79.0M | $33.9M | ||
| Q3 24 | $85.0M | $-22.0M | ||
| Q2 24 | $18.0M | $1.3M |
毛利率CVNARKT
| Q1 26 | — | — | ||
| Q4 25 | 18.8% | — | ||
| Q3 25 | 20.3% | — | ||
| Q2 25 | 22.0% | — | ||
| Q1 25 | 22.0% | — | ||
| Q4 24 | 21.5% | 58.9% | ||
| Q3 24 | 22.1% | -8.4% | ||
| Q2 24 | 21.0% | 47.4% |
营业利润率CVNARKT
| Q1 26 | 9.3% | — | ||
| Q4 25 | 7.6% | 6.3% | ||
| Q3 25 | 9.8% | -11.5% | ||
| Q2 25 | 10.6% | 1.8% | ||
| Q1 25 | 9.3% | -21.5% | ||
| Q4 24 | 7.3% | 38.1% | ||
| Q3 24 | 9.2% | -76.9% | ||
| Q2 24 | 7.6% | 14.8% |
净利率CVNARKT
| Q1 26 | 8.8% | — | ||
| Q4 25 | 15.3% | 2.5% | ||
| Q3 25 | 2.7% | -7.7% | ||
| Q2 25 | 3.8% | -0.1% | ||
| Q1 25 | 5.1% | -1.0% | ||
| Q4 24 | 2.2% | 1.9% | ||
| Q3 24 | 2.3% | -3.4% | ||
| Q2 24 | 0.5% | 0.1% |
每股收益（稀释后）CVNARKT
| Q1 26 | — | — | ||
| Q4 25 | — | $0.10 | ||
| Q3 25 | — | $-0.06 | ||
| Q2 25 | — | $-0.01 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | — | $0.28 | ||
| Q3 24 | — | $-0.19 | ||
| Q2 24 | — | $0.01 |
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 | — | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $22.9B |
| 总资产 | — | $60.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CVNARKT
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $2.7B | ||
| Q3 25 | $2.1B | $5.8B | ||
| Q2 25 | $1.9B | $5.1B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $871.0M | $1.2B | ||
| Q2 24 | $542.0M | $1.3B |
总债务CVNARKT
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CVNARKT
| Q1 26 | — | — | ||
| Q4 25 | $3.4B | $22.9B | ||
| Q3 25 | $2.3B | $8.9B | ||
| Q2 25 | $1.7B | $7.4B | ||
| Q1 25 | $1.5B | $8.6B | ||
| Q4 24 | $1.3B | $9.0B | ||
| Q3 24 | $611.0M | $8.4B | ||
| Q2 24 | $526.0M | $8.8B |
总资产CVNARKT
| Q1 26 | — | — | ||
| Q4 25 | $13.2B | $60.7B | ||
| Q3 25 | $9.9B | $33.6B | ||
| Q2 25 | $9.4B | $30.4B | ||
| Q1 25 | $8.9B | $25.3B | ||
| Q4 24 | $8.5B | $24.5B | ||
| Q3 24 | $7.4B | $25.1B | ||
| Q2 24 | $7.2B | $23.6B |
负债/权益比CVNARKT
| Q1 26 | — | — | ||
| Q4 25 | 1.43× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.20× | — | ||
| 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 | — | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $-1.3B |
| 自由现金流率自由现金流/营收 | — | -47.2% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | — | -18.08× |
| 过去12个月自由现金流最近4个季度 | — | $-4.0B |
8季度趋势，按日历期对齐
经营现金流CVNARKT
| Q1 26 | — | — | ||
| Q4 25 | $430.0M | $-1.2B | ||
| Q3 25 | $345.0M | $-50.3M | ||
| Q2 25 | $29.0M | $-1.9B | ||
| Q1 25 | $232.0M | $-797.0M | ||
| Q4 24 | $60.0M | $1.8B | ||
| Q3 24 | $403.0M | $-1.3B | ||
| Q2 24 | $354.0M | $-122.3M |
自由现金流CVNARKT
| Q1 26 | — | — | ||
| Q4 25 | $379.0M | $-1.3B | ||
| Q3 25 | $307.0M | $-71.8M | ||
| Q2 25 | $-2.0M | $-1.9B | ||
| Q1 25 | $205.0M | $-811.0M | ||
| Q4 24 | $36.0M | $1.8B | ||
| Q3 24 | $376.0M | $-1.4B | ||
| Q2 24 | $332.0M | $-138.3M |
自由现金流率CVNARKT
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | -47.2% | ||
| Q3 25 | 5.4% | -4.5% | ||
| Q2 25 | -0.0% | -137.2% | ||
| Q1 25 | 4.8% | -78.2% | ||
| Q4 24 | 1.0% | 103.1% | ||
| Q3 24 | 10.3% | -209.6% | ||
| Q2 24 | 9.7% | -10.6% |
资本支出强度CVNARKT
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 1.5% | ||
| Q3 25 | 0.7% | 1.3% | ||
| Q2 25 | 0.6% | 1.1% | ||
| Q1 25 | 0.6% | 1.4% | ||
| Q4 24 | 0.7% | 1.1% | ||
| Q3 24 | 0.7% | 2.9% | ||
| Q2 24 | 0.6% | 1.2% |
现金转化率CVNARKT
| Q1 26 | — | — | ||
| Q4 25 | 0.50× | -18.08× | ||
| Q3 25 | 2.28× | — | ||
| Q2 25 | 0.16× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 0.76× | 54.42× | ||
| Q3 24 | 4.74× | — | ||
| Q2 24 | 19.67× | -94.46× |
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
暂无分部数据
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
