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CARVANA CO.（CVNA）与Ross Stores（ROST）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Ross Stores的1.0倍（$5.6B vs $5.6B），CARVANA CO.净利率更高（15.3% vs 9.1%，领先6.2%），CARVANA CO.同比增速更快（58.0% vs 10.4%），Ross Stores自由现金流更多（$617.8M vs $379.0M），过去两年CARVANA CO.的营收复合增速更高（35.3% vs -3.6%）
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。
Ross Stores, Inc.是美国知名折扣百货连锁集团，旗下核心品牌为Ross Dress for Less，总部位于加利福尼亚州都柏林，是美国规模最大的平价零售商。截至2024年7月，集团在全美43个州、华盛顿特区、波多黎各及关岛共运营1795家门店，暂未覆盖新英格兰地区及阿拉斯加，另拥有门店数超353家的折扣零售品牌DD's Discounts。
CVNA vs ROST — 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47.5%
10.4%
净利率更高
CVNA
高出6.2%
9.1%
自由现金流更多
ROST
多$238.8M
$379.0M
两年增速更快
CVNA
近两年复合增速
-3.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.6B | $5.6B |
| 净利润 | $857.0M | $511.9M |
| 毛利率 | 18.8% | 28.0% |
| 营业利润率 | 7.6% | 11.6% |
| 净利率 | 15.3% | 9.1% |
| 营收同比 | 58.0% | 10.4% |
| 净利润同比 | 984.8% | 4.7% |
| 每股收益（稀释后） | — | $1.58 |
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CVNAROST
| Q4 25 | $5.6B | $5.6B | ||
| Q3 25 | $5.6B | $5.5B | ||
| Q2 25 | $4.8B | $5.0B | ||
| Q1 25 | $4.2B | $5.9B | ||
| Q4 24 | $3.5B | $5.1B | ||
| Q3 24 | $3.7B | $5.3B | ||
| Q2 24 | $3.4B | $4.9B | ||
| Q1 24 | $3.1B | $6.0B |
净利润CVNAROST
| Q4 25 | $857.0M | $511.9M | ||
| Q3 25 | $151.0M | $508.0M | ||
| Q2 25 | $183.0M | $479.2M | ||
| Q1 25 | $216.0M | $586.8M | ||
| Q4 24 | $79.0M | $488.8M | ||
| Q3 24 | $85.0M | $527.1M | ||
| Q2 24 | $18.0M | $488.0M | ||
| Q1 24 | $28.0M | $609.7M |
毛利率CVNAROST
| Q4 25 | 18.8% | 28.0% | ||
| Q3 25 | 20.3% | 27.6% | ||
| Q2 25 | 22.0% | 28.2% | ||
| Q1 25 | 22.0% | 26.5% | ||
| Q4 24 | 21.5% | 28.3% | ||
| Q3 24 | 22.1% | 28.3% | ||
| Q2 24 | 21.0% | 28.1% | ||
| Q1 24 | 19.3% | 27.3% |
营业利润率CVNAROST
| Q4 25 | 7.6% | 11.6% | ||
| Q3 25 | 9.8% | 11.5% | ||
| Q2 25 | 10.6% | 12.2% | ||
| Q1 25 | 9.3% | 12.4% | ||
| Q4 24 | 7.3% | 11.9% | ||
| Q3 24 | 9.2% | 12.5% | ||
| Q2 24 | 7.6% | 12.2% | ||
| Q1 24 | 4.4% | 13.2% |
净利率CVNAROST
| Q4 25 | 15.3% | 9.1% | ||
| Q3 25 | 2.7% | 9.2% | ||
| Q2 25 | 3.8% | 9.6% | ||
| Q1 25 | 5.1% | 9.9% | ||
| Q4 24 | 2.2% | 9.6% | ||
| Q3 24 | 2.3% | 10.0% | ||
| Q2 24 | 0.5% | 10.0% | ||
| Q1 24 | 0.9% | 10.1% |
每股收益（稀释后）CVNAROST
| Q4 25 | — | $1.58 | ||
| Q3 25 | — | $1.56 | ||
| Q2 25 | — | $1.47 | ||
| Q1 25 | — | $1.79 | ||
| Q4 24 | — | $1.48 | ||
| Q3 24 | — | $1.59 | ||
| Q2 24 | — | $1.46 | ||
| Q1 24 | $0.24 | $1.82 |
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 | $4.1B |
| 总债务越低越好 | $4.9B | $1.5B |
| 股东权益账面价值 | $3.4B | $5.9B |
| 总资产 | $13.2B | $15.4B |
| 负债/权益比越低杠杆越低 | 1.43× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资CVNAROST
| Q4 25 | $2.3B | $4.1B | ||
| Q3 25 | $2.1B | $3.8B | ||
| Q2 25 | $1.9B | $3.8B | ||
| Q1 25 | $1.9B | $4.7B | ||
| Q4 24 | $1.7B | $4.3B | ||
| Q3 24 | $871.0M | $4.7B | ||
| Q2 24 | $542.0M | $4.7B | ||
| Q1 24 | $252.0M | $4.9B |
总债务CVNAROST
| Q4 25 | $4.9B | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | $5.3B | $2.2B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.5B |
股东权益CVNAROST
| Q4 25 | $3.4B | $5.9B | ||
| Q3 25 | $2.3B | $5.7B | ||
| Q2 25 | $1.7B | $5.6B | ||
| Q1 25 | $1.5B | $5.5B | ||
| Q4 24 | $1.3B | $5.3B | ||
| Q3 24 | $611.0M | $5.1B | ||
| Q2 24 | $526.0M | $4.9B | ||
| Q1 24 | $289.0M | $4.9B |
总资产CVNAROST
| Q4 25 | $13.2B | $15.4B | ||
| Q3 25 | $9.9B | $14.5B | ||
| Q2 25 | $9.4B | $14.3B | ||
| Q1 25 | $8.9B | $14.9B | ||
| Q4 24 | $8.5B | $14.9B | ||
| Q3 24 | $7.4B | $14.7B | ||
| Q2 24 | $7.2B | $14.5B | ||
| Q1 24 | $7.0B | $14.3B |
负债/权益比CVNAROST
| Q4 25 | 1.43× | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | 4.20× | 0.42× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.50× | ||
| Q1 24 | — | 0.51× |
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 | $827.1M |
| 自由现金流经营现金流 - 资本支出 | $379.0M | $617.8M |
| 自由现金流率自由现金流/营收 | 6.8% | 11.0% |
| 资本支出强度资本支出/营收 | 0.9% | 3.7% |
| 现金转化率经营现金流/净利润 | 0.50× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $889.0M | $2.0B |
8季度趋势，按日历期对齐
经营现金流CVNAROST
| Q4 25 | $430.0M | $827.1M | ||
| Q3 25 | $345.0M | $668.4M | ||
| Q2 25 | $29.0M | $409.7M | ||
| Q1 25 | $232.0M | $882.6M | ||
| Q4 24 | $60.0M | $513.4M | ||
| Q3 24 | $403.0M | $592.1M | ||
| Q2 24 | $354.0M | $368.9M | ||
| Q1 24 | $101.0M | $948.8M |
自由现金流CVNAROST
| Q4 25 | $379.0M | $617.8M | ||
| Q3 25 | $307.0M | $466.6M | ||
| Q2 25 | $-2.0M | $202.3M | ||
| Q1 25 | $205.0M | $676.6M | ||
| Q4 24 | $36.0M | $333.0M | ||
| Q3 24 | $376.0M | $394.6M | ||
| Q2 24 | $332.0M | $232.7M | ||
| Q1 24 | $83.0M | $726.4M |
自由现金流率CVNAROST
| Q4 25 | 6.8% | 11.0% | ||
| Q3 25 | 5.4% | 8.4% | ||
| Q2 25 | -0.0% | 4.1% | ||
| Q1 25 | 4.8% | 11.4% | ||
| Q4 24 | 1.0% | 6.6% | ||
| Q3 24 | 10.3% | 7.5% | ||
| Q2 24 | 9.7% | 4.8% | ||
| Q1 24 | 2.7% | 12.1% |
资本支出强度CVNAROST
| Q4 25 | 0.9% | 3.7% | ||
| Q3 25 | 0.7% | 3.6% | ||
| Q2 25 | 0.6% | 4.2% | ||
| Q1 25 | 0.6% | 3.5% | ||
| Q4 24 | 0.7% | 3.6% | ||
| Q3 24 | 0.7% | 3.7% | ||
| Q2 24 | 0.6% | 2.8% | ||
| Q1 24 | 0.6% | 3.7% |
现金转化率CVNAROST
| Q4 25 | 0.50× | 1.62× | ||
| Q3 25 | 2.28× | 1.32× | ||
| Q2 25 | 0.16× | 0.85× | ||
| Q1 25 | 1.07× | 1.50× | ||
| Q4 24 | 0.76× | 1.05× | ||
| Q3 24 | 4.74× | 1.12× | ||
| Q2 24 | 19.67× | 0.76× | ||
| Q1 24 | 3.61× | 1.56× |
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% |
ROST
暂无分部数据
