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Designer Brands Inc.（DBI）与Rivian Automotive, Inc.（RIVN）财务数据对比。点击上方公司名可切换其他公司
Rivian Automotive, Inc.的季度营收约是Designer Brands Inc.的1.7倍（$1.3B vs $752.4M），Designer Brands Inc.净利率更高（2.4% vs -63.1%，领先65.5%），Designer Brands Inc.同比增速更快（-3.2% vs -25.8%），Designer Brands Inc.自由现金流更多（$57.5M vs $-1.1B），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs -0.1%）
Designer Brands Inc.是一家美国鞋履及时尚配饰零售商，主打销售设计师品牌与知名品牌商品，旗下拥有知名连锁零售品牌DSW（设计师鞋履仓库），目前在美国经营超过500家线下门店，同时运营线上电商平台。
Rivian Automotive是2009年成立的美国电动汽车制造商及汽车科技企业，主打基于自研滑板平台打造的电动SUV、皮卡及EDV电动配送货车，旗下R1T皮卡于2021年末正式开启交付，还计划于2023年底前在美国和加拿大布局专属充电网络，其平台可适配新车型也可对外授权使用。
DBI vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.7倍
$752.4M
营收增速更快
DBI
高出22.6%
-25.8%
净利率更高
DBI
高出65.5%
-63.1%
自由现金流更多
DBI
多$1.2B
$-1.1B
两年增速更快
RIVN
近两年复合增速
-0.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $752.4M | $1.3B |
| 净利润 | $18.2M | $-811.0M |
| 毛利率 | 45.1% | 9.3% |
| 营业利润率 | 5.7% | -64.8% |
| 净利率 | 2.4% | -63.1% |
| 营收同比 | -3.2% | -25.8% |
| 净利润同比 | 40.0% | -9.0% |
| 每股收益（稀释后） | $0.35 | $-0.66 |
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DBIRIVN
| Q4 25 | $752.4M | $1.3B | ||
| Q3 25 | $739.8M | $1.6B | ||
| Q2 25 | $686.9M | $1.3B | ||
| Q1 25 | $713.6M | $1.2B | ||
| Q4 24 | $777.2M | $1.7B | ||
| Q3 24 | $771.9M | $874.0M | ||
| Q2 24 | $746.6M | $1.2B | ||
| Q1 24 | $754.3M | $1.2B |
净利润DBIRIVN
| Q4 25 | $18.2M | $-811.0M | ||
| Q3 25 | $10.8M | $-1.2B | ||
| Q2 25 | $-17.4M | $-1.1B | ||
| Q1 25 | $-38.2M | $-545.0M | ||
| Q4 24 | $13.0M | $-744.0M | ||
| Q3 24 | $13.8M | $-1.1B | ||
| Q2 24 | $783.0K | $-1.5B | ||
| Q1 24 | $-29.6M | $-1.4B |
毛利率DBIRIVN
| Q4 25 | 45.1% | 9.3% | ||
| Q3 25 | 43.7% | 1.5% | ||
| Q2 25 | 43.0% | -15.8% | ||
| Q1 25 | 75.7% | 16.6% | ||
| Q4 24 | 43.0% | 9.8% | ||
| Q3 24 | 44.0% | -44.9% | ||
| Q2 24 | 44.2% | -38.9% | ||
| Q1 24 | 38.8% | -43.8% |
营业利润率DBIRIVN
| Q4 25 | 5.7% | -64.8% | ||
| Q3 25 | 3.6% | -63.1% | ||
| Q2 25 | -1.1% | -85.5% | ||
| Q1 25 | -3.6% | -52.8% | ||
| Q4 24 | 2.9% | -38.1% | ||
| Q3 24 | 3.7% | -133.8% | ||
| Q2 24 | 1.3% | -118.7% | ||
| Q1 24 | -4.8% | -123.3% |
净利率DBIRIVN
| Q4 25 | 2.4% | -63.1% | ||
| Q3 25 | 1.5% | -75.3% | ||
| Q2 25 | -2.5% | -85.7% | ||
| Q1 25 | -5.3% | -44.0% | ||
| Q4 24 | 1.7% | -42.9% | ||
| Q3 24 | 1.8% | -125.9% | ||
| Q2 24 | 0.1% | -125.8% | ||
| Q1 24 | -3.9% | -120.1% |
每股收益（稀释后）DBIRIVN
| Q4 25 | $0.35 | $-0.66 | ||
| Q3 25 | $0.22 | $-0.96 | ||
| Q2 25 | $-0.36 | $-0.97 | ||
| Q1 25 | $-0.69 | $-0.48 | ||
| Q4 24 | $0.24 | $-0.67 | ||
| Q3 24 | $0.24 | $-1.08 | ||
| Q2 24 | $0.01 | $-1.46 | ||
| Q1 24 | $-899.54 | $-1.48 |
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 | $51.4M | $6.1B |
| 总债务越低越好 | $463.1M | — |
| 股东权益账面价值 | $298.6M | $4.6B |
| 总资产 | $2.1B | $14.9B |
| 负债/权益比越低杠杆越低 | 1.55× | — |
8季度趋势，按日历期对齐
现金及短期投资DBIRIVN
| Q4 25 | $51.4M | $6.1B | ||
| Q3 25 | $44.9M | $7.1B | ||
| Q2 25 | $46.0M | $7.5B | ||
| Q1 25 | $44.8M | $7.2B | ||
| Q4 24 | $36.2M | $7.7B | ||
| Q3 24 | $38.8M | $6.7B | ||
| Q2 24 | $43.4M | $7.9B | ||
| Q1 24 | $49.2M | $7.9B |
总债务DBIRIVN
| Q4 25 | $463.1M | — | ||
| Q3 25 | $509.6M | — | ||
| Q2 25 | $516.2M | — | ||
| Q1 25 | $484.3M | — | ||
| Q4 24 | $529.6M | — | ||
| Q3 24 | $459.0M | — | ||
| Q2 24 | $469.3M | $5.5B | ||
| Q1 24 | $420.3M | $4.4B |
股东权益DBIRIVN
| Q4 25 | $298.6M | $4.6B | ||
| Q3 25 | $280.8M | $5.1B | ||
| Q2 25 | $266.9M | $6.1B | ||
| Q1 25 | $278.5M | $6.2B | ||
| Q4 24 | $318.5M | $6.6B | ||
| Q3 24 | $355.5M | $5.9B | ||
| Q2 24 | $358.5M | $6.8B | ||
| Q1 24 | $359.2M | $8.1B |
总资产DBIRIVN
| Q4 25 | $2.1B | $14.9B | ||
| Q3 25 | $2.1B | $15.2B | ||
| Q2 25 | $2.1B | $15.6B | ||
| Q1 25 | $2.0B | $15.5B | ||
| Q4 24 | $2.1B | $15.4B | ||
| Q3 24 | $2.1B | $14.3B | ||
| Q2 24 | $2.2B | $15.4B | ||
| Q1 24 | $2.1B | $15.7B |
负债/权益比DBIRIVN
| Q4 25 | 1.55× | — | ||
| Q3 25 | 1.81× | — | ||
| Q2 25 | 1.93× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 1.66× | — | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.31× | 0.81× | ||
| Q1 24 | 1.17× | 0.55× |
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 | $66.5M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $57.5M | $-1.1B |
| 自由现金流率自由现金流/营收 | 7.6% | -89.0% |
| 资本支出强度资本支出/营收 | 1.2% | 36.0% |
| 现金转化率经营现金流/净利润 | 3.65× | — |
| 过去12个月自由现金流最近4个季度 | $99.9M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流DBIRIVN
| Q4 25 | $66.5M | $-681.0M | ||
| Q3 25 | $21.4M | $26.0M | ||
| Q2 25 | $-20.4M | $64.0M | ||
| Q1 25 | $70.1M | $-188.0M | ||
| Q4 24 | $-9.8M | $1.2B | ||
| Q3 24 | $41.6M | $-876.0M | ||
| Q2 24 | $-19.7M | $-754.0M | ||
| Q1 24 | $-40.1M | $-1.3B |
自由现金流DBIRIVN
| Q4 25 | $57.5M | $-1.1B | ||
| Q3 25 | $11.9M | $-421.0M | ||
| Q2 25 | $-27.6M | $-398.0M | ||
| Q1 25 | $58.1M | $-526.0M | ||
| Q4 24 | $-19.2M | $856.0M | ||
| Q3 24 | $28.0M | $-1.2B | ||
| Q2 24 | $-35.6M | $-1.0B | ||
| Q1 24 | $-52.8M | $-1.5B |
自由现金流率DBIRIVN
| Q4 25 | 7.6% | -89.0% | ||
| Q3 25 | 1.6% | -27.0% | ||
| Q2 25 | -4.0% | -30.5% | ||
| Q1 25 | 8.1% | -42.4% | ||
| Q4 24 | -2.5% | 49.4% | ||
| Q3 24 | 3.6% | -131.9% | ||
| Q2 24 | -4.8% | -89.6% | ||
| Q1 24 | -7.0% | -126.5% |
资本支出强度DBIRIVN
| Q4 25 | 1.2% | 36.0% | ||
| Q3 25 | 1.3% | 28.7% | ||
| Q2 25 | 1.1% | 35.5% | ||
| Q1 25 | 1.7% | 27.3% | ||
| Q4 24 | 1.2% | 18.9% | ||
| Q3 24 | 1.8% | 31.7% | ||
| Q2 24 | 2.1% | 24.4% | ||
| Q1 24 | 1.7% | 21.1% |
现金转化率DBIRIVN
| Q4 25 | 3.65× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.75× | — | ||
| Q3 24 | 3.01× | — | ||
| Q2 24 | -25.13× | — | ||
| Q1 24 | — | — |
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
DBI
| Womens | $280.7M | 37% |
| Athletic Footwear | $188.6M | 25% |
| Wholesale | $89.8M | 12% |
| Canada Retail Segment | $77.3M | 10% |
| Mens | $76.1M | 10% |
| Kids | $24.2M | 3% |
| Commission Income | $10.8M | 1% |
| Directto Consumer | $1.3M | 0% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
