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达美乐（DPZ）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.的季度营收约是达美乐的1.1倍（$1.3B vs $1.2B），达美乐净利率更高（12.2% vs -63.1%，领先75.2%），达美乐同比增速更快（3.5% vs -25.8%），达美乐自由现金流更多（$147.0M vs $-1.1B），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs 3.0%）
达美乐是1960年成立的美国跨国披萨连锁品牌，注册地位于特拉华州，总部坐落在密歇根州安娜堡附近的安娜堡镇达美乐农场办公园区。截至2018年，品牌已在全球83个国家和地区的5701座城市开设约15000家门店，其中美国、印度、英国分别有5649家、1500家和1249家门店。
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。
DPZ vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.1倍
$1.2B
营收增速更快
DPZ
高出29.3%
-25.8%
净利率更高
DPZ
高出75.2%
-63.1%
自由现金流更多
DPZ
多$1.3B
$-1.1B
两年增速更快
RIVN
近两年复合增速
3.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.3B |
| 净利润 | $139.8M | $-811.0M |
| 毛利率 | 40.4% | 9.3% |
| 营业利润率 | 20.0% | -64.8% |
| 净利率 | 12.2% | -63.1% |
| 营收同比 | 3.5% | -25.8% |
| 净利润同比 | -6.6% | -9.0% |
| 每股收益（稀释后） | $4.13 | $-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DPZRIVN
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.1B | $874.0M | ||
| Q2 24 | $1.1B | $1.2B |
净利润DPZRIVN
| Q1 26 | $139.8M | — | ||
| Q4 25 | — | $-811.0M | ||
| Q3 25 | $139.3M | $-1.2B | ||
| Q2 25 | $131.1M | $-1.1B | ||
| Q1 25 | $149.7M | $-545.0M | ||
| Q4 24 | $169.4M | $-744.0M | ||
| Q3 24 | $146.9M | $-1.1B | ||
| Q2 24 | $142.0M | $-1.5B |
毛利率DPZRIVN
| Q1 26 | 40.4% | — | ||
| Q4 25 | — | 9.3% | ||
| Q3 25 | 40.1% | 1.5% | ||
| Q2 25 | 40.3% | -15.8% | ||
| Q1 25 | 39.8% | 16.6% | ||
| Q4 24 | 39.2% | 9.8% | ||
| Q3 24 | 39.2% | -44.9% | ||
| Q2 24 | 39.8% | -38.9% |
营业利润率DPZRIVN
| Q1 26 | 20.0% | — | ||
| Q4 25 | — | -64.8% | ||
| Q3 25 | 19.5% | -63.1% | ||
| Q2 25 | 19.7% | -85.5% | ||
| Q1 25 | 18.9% | -52.8% | ||
| Q4 24 | 19.0% | -38.1% | ||
| Q3 24 | 18.4% | -133.8% | ||
| Q2 24 | 17.9% | -118.7% |
净利率DPZRIVN
| Q1 26 | 12.2% | — | ||
| Q4 25 | — | -63.1% | ||
| Q3 25 | 12.1% | -75.3% | ||
| Q2 25 | 11.4% | -85.7% | ||
| Q1 25 | 13.5% | -44.0% | ||
| Q4 24 | 11.7% | -42.9% | ||
| Q3 24 | 13.6% | -125.9% | ||
| Q2 24 | 12.9% | -125.8% |
每股收益（稀释后）DPZRIVN
| Q1 26 | $4.13 | — | ||
| Q4 25 | — | $-0.66 | ||
| Q3 25 | $4.08 | $-0.96 | ||
| Q2 25 | $3.81 | $-0.97 | ||
| Q1 25 | $4.33 | $-0.48 | ||
| Q4 24 | $4.89 | $-0.67 | ||
| Q3 24 | $4.19 | $-1.08 | ||
| Q2 24 | $4.03 | $-1.46 |
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 | $232.9M | $6.1B |
| 总债务越低越好 | $4.9B | — |
| 股东权益账面价值 | — | $4.6B |
| 总资产 | $1.8B | $14.9B |
| 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DPZRIVN
| Q1 26 | $232.9M | — | ||
| Q4 25 | — | $6.1B | ||
| Q3 25 | $139.7M | $7.1B | ||
| Q2 25 | $272.9M | $7.5B | ||
| Q1 25 | $304.3M | $7.2B | ||
| Q4 24 | $186.1M | $7.7B | ||
| Q3 24 | $189.1M | $6.7B | ||
| Q2 24 | $283.7M | $7.9B |
总债务DPZRIVN
| Q1 26 | $4.9B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $3.8B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $5.0B | — | ||
| Q2 24 | $5.0B | $5.5B |
股东权益DPZRIVN
| Q1 26 | — | — | ||
| Q4 25 | — | $4.6B | ||
| Q3 25 | $-4.0B | $5.1B | ||
| Q2 25 | $-4.0B | $6.1B | ||
| Q1 25 | $-3.9B | $6.2B | ||
| Q4 24 | $-4.0B | $6.6B | ||
| Q3 24 | $-4.0B | $5.9B | ||
| Q2 24 | $-3.9B | $6.8B |
总资产DPZRIVN
| Q1 26 | $1.8B | — | ||
| Q4 25 | — | $14.9B | ||
| Q3 25 | $1.7B | $15.2B | ||
| Q2 25 | $1.8B | $15.6B | ||
| Q1 25 | $1.9B | $15.5B | ||
| Q4 24 | $1.7B | $15.4B | ||
| Q3 24 | $1.8B | $14.3B | ||
| Q2 24 | $1.9B | $15.4B |
负债/权益比DPZRIVN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.81× |
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 | $162.0M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | $-1.1B |
| 自由现金流率自由现金流/营收 | 12.8% | -89.0% |
| 资本支出强度资本支出/营收 | 1.3% | 36.0% |
| 现金转化率经营现金流/净利润 | 1.16× | — |
| 过去12个月自由现金流最近4个季度 | $642.6M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流DPZRIVN
| Q1 26 | $162.0M | — | ||
| Q4 25 | — | $-681.0M | ||
| Q3 25 | $185.4M | $26.0M | ||
| Q2 25 | $187.8M | $64.0M | ||
| Q1 25 | $179.1M | $-188.0M | ||
| Q4 24 | $178.0M | $1.2B | ||
| Q3 24 | $172.7M | $-876.0M | ||
| Q2 24 | $150.7M | $-754.0M |
自由现金流DPZRIVN
| Q1 26 | $147.0M | — | ||
| Q4 25 | — | $-1.1B | ||
| Q3 25 | $164.0M | $-421.0M | ||
| Q2 25 | $167.3M | $-398.0M | ||
| Q1 25 | $164.3M | $-526.0M | ||
| Q4 24 | $135.9M | $856.0M | ||
| Q3 24 | $145.6M | $-1.2B | ||
| Q2 24 | $127.2M | $-1.0B |
自由现金流率DPZRIVN
| Q1 26 | 12.8% | — | ||
| Q4 25 | — | -89.0% | ||
| Q3 25 | 14.3% | -27.0% | ||
| Q2 25 | 14.6% | -30.5% | ||
| Q1 25 | 14.8% | -42.4% | ||
| Q4 24 | 9.4% | 49.4% | ||
| Q3 24 | 13.5% | -131.9% | ||
| Q2 24 | 11.6% | -89.6% |
资本支出强度DPZRIVN
| Q1 26 | 1.3% | — | ||
| Q4 25 | — | 36.0% | ||
| Q3 25 | 1.9% | 28.7% | ||
| Q2 25 | 1.8% | 35.5% | ||
| Q1 25 | 1.3% | 27.3% | ||
| Q4 24 | 2.9% | 18.9% | ||
| Q3 24 | 2.5% | 31.7% | ||
| Q2 24 | 2.1% | 24.4% |
现金转化率DPZRIVN
| Q1 26 | 1.16× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.33× | — | ||
| Q2 25 | 1.43× | — | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 1.05× | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.06× | — |
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
DPZ
| Supply chain | $699.0M | 61% |
| U.S. franchise royalties and fees | $158.0M | 14% |
| U.S. franchise advertising | $130.5M | 11% |
| U.S. Company-owned stores | $82.1M | 7% |
| International franchise royalties and fees | $81.0M | 7% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
