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Equinix（EQIX）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
Equinix的季度营收约是Rivian Automotive, Inc.的1.9倍（$2.4B vs $1.3B），Equinix净利率更高（0.0% vs -63.1%，领先63.1%），Equinix同比增速更快（9.0% vs -25.8%），Equinix自由现金流更多（$-596.0M vs $-1.1B），过去两年Equinix的营收复合增速更高（5.4% vs 3.3%）
Equinix是总部位于美国加利福尼亚州雷德伍德城的跨国企业，主营互联网连接服务与数据中心托管业务，旗下数据中心此前常被业内称为“运营商酒店”，2015年1月公司正式转型为房地产投资信托基金（REIT）。
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。
EQIX vs RIVN — 直观对比
营收规模更大
EQIX
是对方的1.9倍
$1.3B
营收增速更快
EQIX
高出34.8%
-25.8%
净利率更高
EQIX
高出63.1%
-63.1%
自由现金流更多
EQIX
多$548.0M
$-1.1B
两年增速更快
EQIX
近两年复合增速
3.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.3B |
| 净利润 | $415.0K | $-811.0M |
| 毛利率 | 0.1% | 9.3% |
| 营业利润率 | 0.0% | -64.8% |
| 净利率 | 0.0% | -63.1% |
| 营收同比 | 9.0% | -25.8% |
| 净利润同比 | 21.0% | -9.0% |
| 每股收益（稀释后） | $0.00 | $-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EQIXRIVN
| Q2 26 | $2.4B | — | ||
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $1.3B | ||
| Q3 25 | $2.3B | $1.6B | ||
| Q2 25 | $2.3B | $1.3B | ||
| Q1 25 | $2.2B | $1.2B | ||
| Q4 24 | $2.3B | $1.7B | ||
| Q3 24 | $2.2B | $874.0M |
净利润EQIXRIVN
| Q2 26 | $415.0K | — | ||
| Q1 26 | $265.0M | — | ||
| Q4 25 | $265.0M | $-811.0M | ||
| Q3 25 | $374.0M | $-1.2B | ||
| Q2 25 | $368.0M | $-1.1B | ||
| Q1 25 | $343.0M | $-545.0M | ||
| Q4 24 | $-14.0M | $-744.0M | ||
| Q3 24 | $297.0M | $-1.1B |
毛利率EQIXRIVN
| Q2 26 | 0.1% | — | ||
| Q1 26 | 50.5% | — | ||
| Q4 25 | 50.5% | 9.3% | ||
| Q3 25 | 50.7% | 1.5% | ||
| Q2 25 | 52.0% | -15.8% | ||
| Q1 25 | 51.3% | 16.6% | ||
| Q4 24 | 47.1% | 9.8% | ||
| Q3 24 | 50.1% | -44.9% |
营业利润率EQIXRIVN
| Q2 26 | 0.0% | — | ||
| Q1 26 | 17.4% | — | ||
| Q4 25 | 17.4% | -64.8% | ||
| Q3 25 | 20.5% | -63.1% | ||
| Q2 25 | 21.9% | -85.5% | ||
| Q1 25 | 20.6% | -52.8% | ||
| Q4 24 | 4.6% | -38.1% | ||
| Q3 24 | 19.3% | -133.8% |
净利率EQIXRIVN
| Q2 26 | 0.0% | — | ||
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.0% | -63.1% | ||
| Q3 25 | 16.1% | -75.3% | ||
| Q2 25 | 16.3% | -85.7% | ||
| Q1 25 | 15.4% | -44.0% | ||
| Q4 24 | -0.6% | -42.9% | ||
| Q3 24 | 13.5% | -125.9% |
每股收益（稀释后）EQIXRIVN
| Q2 26 | $0.00 | — | ||
| Q1 26 | $2.70 | — | ||
| Q4 25 | $2.70 | $-0.66 | ||
| Q3 25 | $3.81 | $-0.96 | ||
| Q2 25 | $3.75 | $-0.97 | ||
| Q1 25 | $3.50 | $-0.48 | ||
| Q4 24 | $-0.19 | $-0.67 | ||
| Q3 24 | $3.10 | $-1.08 |
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 | $3.1B | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $14.3B | $4.6B |
| 总资产 | $40.9B | $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EQIXRIVN
| Q2 26 | $3.1B | — | ||
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $6.1B | ||
| Q3 25 | $2.9B | $7.1B | ||
| Q2 25 | $4.5B | $7.5B | ||
| Q1 25 | $3.7B | $7.2B | ||
| Q4 24 | $3.6B | $7.7B | ||
| Q3 24 | $3.2B | $6.7B |
总债务EQIXRIVN
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $17.3B | — | ||
| Q2 25 | $18.1B | — | ||
| Q1 25 | $15.9B | — | ||
| Q4 24 | $15.3B | — | ||
| Q3 24 | $15.4B | — |
股东权益EQIXRIVN
| Q2 26 | $14.3B | — | ||
| Q1 26 | $14.2B | — | ||
| Q4 25 | $14.2B | $4.6B | ||
| Q3 25 | $14.2B | $5.1B | ||
| Q2 25 | $14.1B | $6.1B | ||
| Q1 25 | $13.9B | $6.2B | ||
| Q4 24 | $13.5B | $6.6B | ||
| Q3 24 | $13.6B | $5.9B |
总资产EQIXRIVN
| Q2 26 | $40.9B | — | ||
| Q1 26 | $40.1B | — | ||
| Q4 25 | $40.1B | $14.9B | ||
| Q3 25 | $38.1B | $15.2B | ||
| Q2 25 | $38.8B | $15.6B | ||
| Q1 25 | $36.1B | $15.5B | ||
| Q4 24 | $35.1B | $15.4B | ||
| Q3 24 | $35.4B | $14.3B |
负债/权益比EQIXRIVN
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.14× | — | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | 1.13× | — |
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 | $717.0M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $-596.0M | $-1.1B |
| 自由现金流率自由现金流/营收 | -24.4% | -89.0% |
| 资本支出强度资本支出/营收 | 0.0% | 36.0% |
| 现金转化率经营现金流/净利润 | 1727.71× | — |
| 过去12个月自由现金流最近4个季度 | — | $-2.5B |
8季度趋势，按日历期对齐
经营现金流EQIXRIVN
| Q2 26 | $717.0M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $-681.0M | ||
| Q3 25 | $1.0B | $26.0M | ||
| Q2 25 | $944.0M | $64.0M | ||
| Q1 25 | $809.0M | $-188.0M | ||
| Q4 24 | $981.0M | $1.2B | ||
| Q3 24 | $758.0M | $-876.0M |
自由现金流EQIXRIVN
| Q2 26 | $-596.0M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $-292.0M | $-1.1B | ||
| Q3 25 | $-122.0M | $-421.0M | ||
| Q2 25 | $-45.0M | $-398.0M | ||
| Q1 25 | $59.0M | $-526.0M | ||
| Q4 24 | $-6.0M | $856.0M | ||
| Q3 24 | $34.0M | $-1.2B |
自由现金流率EQIXRIVN
| Q2 26 | -24.4% | — | ||
| Q1 26 | — | — | ||
| Q4 25 | -12.1% | -89.0% | ||
| Q3 25 | -5.3% | -27.0% | ||
| Q2 25 | -2.0% | -30.5% | ||
| Q1 25 | 2.7% | -42.4% | ||
| Q4 24 | -0.3% | 49.4% | ||
| Q3 24 | 1.5% | -131.9% |
资本支出强度EQIXRIVN
| Q2 26 | 0.0% | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 59.3% | 36.0% | ||
| Q3 25 | 49.1% | 28.7% | ||
| Q2 25 | 43.8% | 35.5% | ||
| Q1 25 | 33.7% | 27.3% | ||
| Q4 24 | 43.7% | 18.9% | ||
| Q3 24 | 32.9% | 31.7% |
现金转化率EQIXRIVN
| Q2 26 | 1727.71× | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 4.32× | — | ||
| Q3 25 | 2.71× | — | ||
| Q2 25 | 2.57× | — | ||
| Q1 25 | 2.36× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.55× | — |
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
EQIX
| Recurring revenues | $1.0B | 43% |
| Colocation | $731.0M | 30% |
| Other | $314.0M | 13% |
| Interconnection | $251.0M | 10% |
| Managed infrastructure | $57.0M | 2% |
| Non-recurring revenues | $45.0M | 2% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
