vs
福特汽车公司（F）与英伟达（NVDA）财务数据对比。点击上方公司名可切换其他公司
英伟达的季度营收约是福特汽车公司的1.5倍（$68.1B vs $45.9B），英伟达净利率更高（63.1% vs -24.1%，领先87.1%），英伟达同比增速更快（73.2% vs -4.8%），英伟达自由现金流更多（$34.9B vs $1.1B），过去两年英伟达的营收复合增速更高（61.7% vs 3.6%）
福特汽车是总部位于美国密歇根州迪尔伯恩的跨国汽车制造商，由亨利·福特于1903年6月16日创立。公司旗下拥有主营乘用车与商用车的福特品牌，以及高端豪华车品牌林肯，在纽约证券交易所上市，由福特家族实际控股。
英伟达是总部位于美国加利福尼亚州圣克拉拉的科技企业，1993年由黄仁勋、克里斯·马拉科夫斯基、柯蒂斯·普里姆联合创立。公司主营图形处理器（GPU）、系统级芯片（SoC）及应用程序接口（API）产品，覆盖数据科学、高性能计算、游戏、移动与车载应用等领域，是全球知名的头部科技企业之一。
F vs NVDA — 直观对比
营收规模更大
NVDA
是对方的1.5倍
$45.9B
营收增速更快
NVDA
高出78.0%
-4.8%
净利率更高
NVDA
高出87.1%
-24.1%
自由现金流更多
NVDA
多$33.8B
$1.1B
两年增速更快
NVDA
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $45.9B | $68.1B |
| 净利润 | $-11.1B | $43.0B |
| 毛利率 | -12.5% | 75.0% |
| 营业利润率 | -25.2% | 65.0% |
| 净利率 | -24.1% | 63.1% |
| 营收同比 | -4.8% | 73.2% |
| 净利润同比 | -706.0% | 94.5% |
| 每股收益（稀释后） | $-2.77 | $1.76 |
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FNVDA
| Q1 26 | — | $68.1B | ||
| Q4 25 | $45.9B | $57.0B | ||
| Q3 25 | $50.5B | $46.7B | ||
| Q2 25 | $50.2B | $44.1B | ||
| Q1 25 | $40.7B | $39.3B | ||
| Q4 24 | $48.2B | $35.1B | ||
| Q3 24 | $46.2B | $30.0B | ||
| Q2 24 | $47.8B | $26.0B |
净利润FNVDA
| Q1 26 | — | $43.0B | ||
| Q4 25 | $-11.1B | $31.9B | ||
| Q3 25 | $2.4B | $26.4B | ||
| Q2 25 | $-36.0M | $18.8B | ||
| Q1 25 | $471.0M | $22.1B | ||
| Q4 24 | $1.8B | $19.3B | ||
| Q3 24 | $892.0M | $16.6B | ||
| Q2 24 | $1.8B | $14.9B |
毛利率FNVDA
| Q1 26 | — | 75.0% | ||
| Q4 25 | -12.5% | 73.4% | ||
| Q3 25 | 14.1% | 72.4% | ||
| Q2 25 | 11.8% | 60.5% | ||
| Q1 25 | 13.5% | 73.0% | ||
| Q4 24 | 14.3% | 74.6% | ||
| Q3 24 | 13.0% | 75.1% | ||
| Q2 24 | 15.3% | 78.4% |
营业利润率FNVDA
| Q1 26 | — | 65.0% | ||
| Q4 25 | -25.2% | 63.2% | ||
| Q3 25 | 3.1% | 60.8% | ||
| Q2 25 | 1.0% | 49.1% | ||
| Q1 25 | 0.8% | 61.1% | ||
| Q4 24 | 2.6% | 62.3% | ||
| Q3 24 | 1.9% | 62.1% | ||
| Q2 24 | 3.9% | 64.9% |
净利率FNVDA
| Q1 26 | — | 63.1% | ||
| Q4 25 | -24.1% | 56.0% | ||
| Q3 25 | 4.8% | 56.5% | ||
| Q2 25 | -0.1% | 42.6% | ||
| Q1 25 | 1.2% | 56.2% | ||
| Q4 24 | 3.8% | 55.0% | ||
| Q3 24 | 1.9% | 55.3% | ||
| Q2 24 | 3.8% | 57.1% |
每股收益（稀释后）FNVDA
| Q1 26 | — | $1.76 | ||
| Q4 25 | $-2.77 | $1.30 | ||
| Q3 25 | $0.60 | $1.08 | ||
| Q2 25 | $-0.01 | $0.76 | ||
| Q1 25 | $0.12 | $-4.49 | ||
| Q4 24 | $0.45 | $0.78 | ||
| Q3 24 | $0.22 | $0.67 | ||
| Q2 24 | $0.46 | $5.98 |
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 | $38.5B | $10.6B |
| 总债务越低越好 | — | $8.5B |
| 股东权益账面价值 | $36.0B | $157.3B |
| 总资产 | $289.2B | $206.8B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资FNVDA
| Q1 26 | — | $10.6B | ||
| Q4 25 | $38.5B | $60.6B | ||
| Q3 25 | $42.2B | $56.8B | ||
| Q2 25 | $37.5B | $53.7B | ||
| Q1 25 | $35.2B | $43.2B | ||
| Q4 24 | $38.3B | $38.5B | ||
| Q3 24 | $36.9B | $34.8B | ||
| Q2 24 | $34.6B | $31.4B |
总债务FNVDA
| Q1 26 | — | $8.5B | ||
| Q4 25 | — | $8.5B | ||
| Q3 25 | — | $8.5B | ||
| Q2 25 | — | $8.5B | ||
| Q1 25 | — | $8.5B | ||
| Q4 24 | — | $8.5B | ||
| Q3 24 | — | $8.5B | ||
| Q2 24 | — | $9.7B |
股东权益FNVDA
| Q1 26 | — | $157.3B | ||
| Q4 25 | $36.0B | $118.9B | ||
| Q3 25 | $47.4B | $100.1B | ||
| Q2 25 | $45.1B | $83.8B | ||
| Q1 25 | $44.6B | $79.3B | ||
| Q4 24 | $44.8B | $65.9B | ||
| Q3 24 | $44.3B | $58.2B | ||
| Q2 24 | $43.6B | $49.1B |
总资产FNVDA
| Q1 26 | — | $206.8B | ||
| Q4 25 | $289.2B | $161.1B | ||
| Q3 25 | $301.0B | $140.7B | ||
| Q2 25 | $292.7B | $125.3B | ||
| Q1 25 | $284.5B | $111.6B | ||
| Q4 24 | $285.2B | $96.0B | ||
| Q3 24 | $287.0B | $85.2B | ||
| Q2 24 | $276.6B | $77.1B |
负债/权益比FNVDA
| Q1 26 | — | 0.05× | ||
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.08× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.20× |
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 | $3.9B | $36.2B |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $34.9B |
| 自由现金流率自由现金流/营收 | 2.4% | 51.2% |
| 资本支出强度资本支出/营收 | 6.1% | 1.9% |
| 现金转化率经营现金流/净利润 | — | 0.84× |
| 过去12个月自由现金流最近4个季度 | $12.5B | $96.7B |
8季度趋势，按日历期对齐
经营现金流FNVDA
| Q1 26 | — | $36.2B | ||
| Q4 25 | $3.9B | $23.8B | ||
| Q3 25 | $7.4B | $15.4B | ||
| Q2 25 | $6.3B | $27.4B | ||
| Q1 25 | $3.7B | $16.6B | ||
| Q4 24 | $3.0B | $17.6B | ||
| Q3 24 | $5.5B | $14.5B | ||
| Q2 24 | $5.5B | $15.3B |
自由现金流FNVDA
| Q1 26 | — | $34.9B | ||
| Q4 25 | $1.1B | $22.1B | ||
| Q3 25 | $5.3B | $13.5B | ||
| Q2 25 | $4.2B | $26.2B | ||
| Q1 25 | $1.9B | $15.6B | ||
| Q4 24 | $530.0M | $16.8B | ||
| Q3 24 | $3.5B | $13.5B | ||
| Q2 24 | $3.4B | $15.0B |
自由现金流率FNVDA
| Q1 26 | — | 51.2% | ||
| Q4 25 | 2.4% | 38.8% | ||
| Q3 25 | 10.4% | 28.8% | ||
| Q2 25 | 8.4% | 59.4% | ||
| Q1 25 | 4.6% | 39.5% | ||
| Q4 24 | 1.1% | 47.9% | ||
| Q3 24 | 7.6% | 45.0% | ||
| Q2 24 | 7.1% | 57.5% |
资本支出强度FNVDA
| Q1 26 | — | 1.9% | ||
| Q4 25 | 6.1% | 2.9% | ||
| Q3 25 | 4.2% | 4.1% | ||
| Q2 25 | 4.2% | 2.8% | ||
| Q1 25 | 4.5% | 2.7% | ||
| Q4 24 | 5.2% | 2.3% | ||
| Q3 24 | 4.3% | 3.3% | ||
| Q2 24 | 4.4% | 1.4% |
现金转化率FNVDA
| Q1 26 | — | 0.84× | ||
| Q4 25 | — | 0.74× | ||
| Q3 25 | 3.02× | 0.58× | ||
| Q2 25 | — | 1.46× | ||
| Q1 25 | 7.81× | 0.75× | ||
| Q4 24 | 1.66× | 0.91× | ||
| Q3 24 | 6.17× | 0.87× | ||
| Q2 24 | 3.01× | 1.03× |
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
F
| Ford Blue | $26.2B | 57% |
| Ford Pro | $14.9B | 33% |
| Financingincome | $2.1B | 5% |
| Ford Model E | $1.3B | 3% |
| Service And Other Revenue | $917.0M | 2% |
| Extended Service Contracts | $455.0M | 1% |
| Leasingincome | $79.0M | 0% |
| Insuranceincome | $44.0M | 0% |
NVDA
| Compute | $51.3B | 75% |
| Networking | $11.0B | 16% |
| Gaming | $3.7B | 5% |
| Professional Visualization | $1.3B | 2% |
| Automotive | $604.0M | 1% |
| OEM And Other | $161.0M | 0% |
| Inventory Purchase Obligations In Excess Of Projections | $31.0M | 0% |
