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法拉第未来（FFAI）与Lucid Group, Inc.（LCID）财务数据对比。点击上方公司名可切换其他公司
Lucid Group, Inc.的季度营收约是法拉第未来的4052.2倍（$522.7M vs $129.0K）。Lucid Group, Inc.净利率更高（-155.7% vs -26011.6%，领先25855.9%）。Lucid Group, Inc.同比增速更快（122.9% vs -45.1%）。法拉第未来自由现金流更多（$-29.5M vs $-1.2B）。过去两年法拉第未来的营收复合增速更高（703.1% vs 74.0%）
法拉第未来是2014年成立的美国科技企业，总部位于加利福尼亚州洛杉矶，核心业务为研发电动汽车，2023年正式投入量产，产品在中美两国市场销售。截至2025年1月，该公司累计交付16辆汽车。2024年末完成两轮合计6000万美元融资后，法拉第未来宣布将转型销售贴牌中国厢式车。
Lucid Group, Inc.是总部位于美国加利福尼亚州纽瓦克的汽车科技企业，专注于电动汽车制造及先进电动汽车动力系统供应。2021年9月，公司在亚利桑那州卡萨格兰德的工厂开始生产Lucid Air豪华轿车，第二款车型Lucid Gravity SUV于2024年12月投产，同时也为阿斯顿·马丁等其他车企供应和研发动力总成技术。
FFAI vs LCID — 直观对比
营收规模更大
LCID
是对方的4052.2倍
$129.0K
营收增速更快
LCID
高出168.0%
-45.1%
净利率更高
LCID
高出25855.9%
-26011.6%
自由现金流更多
FFAI
多$1.2B
$-1.2B
两年增速更快
FFAI
近两年复合增速
74.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $129.0K | $522.7M |
| 净利润 | $-33.6M | $-814.0M |
| 毛利率 | -12111.6% | -80.7% |
| 营业利润率 | -25041.9% | -203.7% |
| 净利率 | -26011.6% | -155.7% |
| 营收同比 | -45.1% | 122.9% |
| 净利润同比 | 72.3% | -104.9% |
| 每股收益（稀释后） | — | $-8.26 |
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FFAILCID
| Q4 25 | $129.0K | $522.7M | ||
| Q3 25 | $37.0K | $336.6M | ||
| Q2 25 | $54.0K | $259.4M | ||
| Q1 25 | $316.0K | $235.0M | ||
| Q4 24 | $235.0K | $234.5M | ||
| Q3 24 | $9.0K | $200.0M | ||
| Q2 24 | $293.0K | $200.6M | ||
| Q1 24 | $2.0K | $172.7M |
净利润FFAILCID
| Q4 25 | $-33.6M | $-814.0M | ||
| Q3 25 | $-222.2M | $-978.4M | ||
| Q2 25 | $-124.7M | $-539.4M | ||
| Q1 25 | $-10.3M | $-366.2M | ||
| Q4 24 | $-121.3M | $-397.2M | ||
| Q3 24 | $-77.7M | $-992.5M | ||
| Q2 24 | $-108.7M | $-643.4M | ||
| Q1 24 | $-48.2M | $-680.9M |
毛利率FFAILCID
| Q4 25 | -12111.6% | -80.7% | ||
| Q3 25 | -92483.8% | -99.1% | ||
| Q2 25 | -49737.0% | -105.0% | ||
| Q1 25 | -6666.1% | -97.2% | ||
| Q4 24 | -8801.7% | -89.0% | ||
| Q3 24 | -238266.7% | -106.2% | ||
| Q2 24 | -7057.0% | -134.5% | ||
| Q1 24 | -1034250.0% | -134.3% |
营业利润率FFAILCID
| Q4 25 | -25041.9% | -203.7% | ||
| Q3 25 | -558937.8% | -279.9% | ||
| Q2 25 | -89088.9% | -309.5% | ||
| Q1 25 | -13870.6% | -294.4% | ||
| Q4 24 | -12899.6% | -312.6% | ||
| Q3 24 | -280077.8% | -385.2% | ||
| Q2 24 | -17272.7% | -392.6% | ||
| Q1 24 | -2180400.0% | -422.6% |
净利率FFAILCID
| Q4 25 | -26011.6% | -155.7% | ||
| Q3 25 | -600505.4% | -290.7% | ||
| Q2 25 | -230881.5% | -207.9% | ||
| Q1 25 | -3252.5% | -155.8% | ||
| Q4 24 | -51599.6% | -169.4% | ||
| Q3 24 | -863177.8% | -496.1% | ||
| Q2 24 | -37093.9% | -320.8% | ||
| Q1 24 | -2410850.0% | -394.2% |
每股收益（稀释后）FFAILCID
| Q4 25 | — | $-8.26 | ||
| Q3 25 | — | $-3.31 | ||
| Q2 25 | — | $-0.28 | ||
| Q1 25 | — | $-0.24 | ||
| Q4 24 | — | $-0.20 | ||
| Q3 24 | — | $-0.41 | ||
| Q2 24 | — | $-0.34 | ||
| Q1 24 | — | $-0.30 |
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 | $34.9M | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-27.3M | $717.3M |
| 总资产 | $277.9M | $8.4B |
| 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FFAILCID
| Q4 25 | $34.9M | $1.6B | ||
| Q3 25 | $62.9M | $2.3B | ||
| Q2 25 | $13.2M | $2.8B | ||
| Q1 25 | $9.5M | $3.6B | ||
| Q4 24 | $7.1M | $4.0B | ||
| Q3 24 | $7.3M | $3.5B | ||
| Q2 24 | $793.0K | $3.2B | ||
| Q1 24 | $407.0K | $4.0B |
股东权益FFAILCID
| Q4 25 | $-27.3M | $717.3M | ||
| Q3 25 | $-77.7M | $1.8B | ||
| Q2 25 | $59.9M | $2.4B | ||
| Q1 25 | $139.8M | $3.2B | ||
| Q4 24 | $115.0M | $3.9B | ||
| Q3 24 | $156.8M | $2.7B | ||
| Q2 24 | $148.7M | $3.5B | ||
| Q1 24 | $201.5M | $4.2B |
总资产FFAILCID
| Q4 25 | $277.9M | $8.4B | ||
| Q3 25 | $315.6M | $8.8B | ||
| Q2 25 | $399.7M | $8.9B | ||
| Q1 25 | $410.6M | $9.2B | ||
| Q4 24 | $425.4M | $9.6B | ||
| Q3 24 | $449.1M | $8.5B | ||
| Q2 24 | $457.9M | $8.2B | ||
| Q1 24 | $499.9M | $8.9B |
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 | $-28.4M | $-916.4M |
| 自由现金流经营现金流 - 资本支出 | $-29.5M | $-1.2B |
| 自由现金流率自由现金流/营收 | -22886.8% | -237.6% |
| 资本支出强度资本支出/营收 | 867.4% | 62.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-115.2M | $-3.8B |
8季度趋势，按日历期对齐
经营现金流FFAILCID
| Q4 25 | $-28.4M | $-916.4M | ||
| Q3 25 | $-35.6M | $-756.6M | ||
| Q2 25 | $-23.3M | $-830.2M | ||
| Q1 25 | $-20.3M | $-428.6M | ||
| Q4 24 | $-18.4M | $-533.1M | ||
| Q3 24 | $-22.7M | $-462.8M | ||
| Q2 24 | $-14.4M | $-507.0M | ||
| Q1 24 | $-14.7M | $-516.7M |
自由现金流FFAILCID
| Q4 25 | $-29.5M | $-1.2B | ||
| Q3 25 | $-37.1M | $-955.5M | ||
| Q2 25 | $-26.8M | $-1.0B | ||
| Q1 25 | $-21.9M | $-589.9M | ||
| Q4 24 | $-25.3M | $-824.8M | ||
| Q3 24 | $-23.0M | $-622.5M | ||
| Q2 24 | $-14.6M | $-741.3M | ||
| Q1 24 | $-14.8M | $-714.9M |
自由现金流率FFAILCID
| Q4 25 | -22886.8% | -237.6% | ||
| Q3 25 | -100218.9% | -283.9% | ||
| Q2 25 | -49540.7% | -390.4% | ||
| Q1 25 | -6918.7% | -251.0% | ||
| Q4 24 | -10770.6% | -351.8% | ||
| Q3 24 | -255622.2% | -311.2% | ||
| Q2 24 | -4993.5% | -369.6% | ||
| Q1 24 | -740900.0% | -413.9% |
资本支出强度FFAILCID
| Q4 25 | 867.4% | 62.3% | ||
| Q3 25 | 4102.7% | 59.1% | ||
| Q2 25 | 6368.5% | 70.4% | ||
| Q1 25 | 496.2% | 68.6% | ||
| Q4 24 | 2945.1% | 124.4% | ||
| Q3 24 | 3344.4% | 79.8% | ||
| Q2 24 | 88.4% | 116.8% | ||
| Q1 24 | 4950.0% | 114.7% |
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
FFAI
暂无分部数据
LCID
| LCNRV | $287.2M | 55% |
| Other | $80.4M | 15% |
| Related Party | $74.4M | 14% |
| Regulatory Credits | $34.2M | 7% |
| Warranty Provision | $26.2M | 5% |
| Sale And Leaseback Transactions | $15.2M | 3% |
| Other International | $5.0M | 1% |
