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法拉第未来（FFAI）与MICROVISION, INC.（MVIS）财务数据对比。点击上方公司名可切换其他公司
MICROVISION, INC.的季度营收约是法拉第未来的1.7倍（$223.0K vs $129.0K），法拉第未来同比增速更快（-45.1% vs -86.5%），法拉第未来自由现金流更多（$-29.5M vs $-59.4M）
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。
MicroVision Inc.是一家专注于激光雷达传感器、微型显示解决方案与感知软件研发的科技企业，核心产品覆盖车载高级驾驶辅助系统、AR设备、消费电子及工业自动化等领域，为各类下一代智能应用提供高精度、低功耗的技术支持。
FFAI vs MVIS — 直观对比
营收规模更大
MVIS
是对方的1.7倍
$129.0K
营收增速更快
FFAI
高出41.4%
-86.5%
自由现金流更多
FFAI
多$29.9M
$-59.4M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $129.0K | $223.0K |
| 净利润 | $-33.6M | — |
| 毛利率 | -12111.6% | — |
| 营业利润率 | -25041.9% | — |
| 净利率 | -26011.6% | — |
| 营收同比 | -45.1% | -86.5% |
| 净利润同比 | 72.3% | -21.2% |
| 每股收益（稀释后） | — | — |
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FFAIMVIS
| Q4 25 | $129.0K | $223.0K | ||
| Q3 25 | — | $241.0K | ||
| Q2 25 | — | $155.0K | ||
| Q1 25 | $316.0K | $589.0K | ||
| Q4 24 | $235.0K | $1.6M | ||
| Q3 24 | — | $190.0K | ||
| Q2 24 | $293.0K | $1.9M | ||
| Q1 24 | — | $956.0K |
净利润FFAIMVIS
| Q4 25 | $-33.6M | — | ||
| Q3 25 | — | $-14.2M | ||
| Q2 25 | — | $-14.2M | ||
| Q1 25 | $-10.3M | $-28.8M | ||
| Q4 24 | $-121.3M | $-31.2M | ||
| Q3 24 | — | $-15.5M | ||
| Q2 24 | $-108.7M | $-23.9M | ||
| Q1 24 | — | $-26.3M |
毛利率FFAIMVIS
| Q4 25 | -12111.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -6666.1% | 6.6% | ||
| Q4 24 | -8801.7% | -149.5% | ||
| Q3 24 | — | — | ||
| Q2 24 | -7057.0% | 18.2% | ||
| Q1 24 | — | -33.6% |
营业利润率FFAIMVIS
| Q4 25 | -25041.9% | — | ||
| Q3 25 | — | -5278.4% | ||
| Q2 25 | — | -9455.5% | ||
| Q1 25 | -13870.6% | -2383.7% | ||
| Q4 24 | -12899.6% | -1119.5% | ||
| Q3 24 | — | -8266.3% | ||
| Q2 24 | -17272.7% | -1296.4% | ||
| Q1 24 | — | -2793.9% |
净利率FFAIMVIS
| Q4 25 | -26011.6% | — | ||
| Q3 25 | — | -5899.2% | ||
| Q2 25 | — | -9180.0% | ||
| Q1 25 | -3252.5% | -4886.1% | ||
| Q4 24 | -51599.6% | -1888.2% | ||
| Q3 24 | — | -8166.8% | ||
| Q2 24 | -37093.9% | -1259.5% | ||
| Q1 24 | — | -2752.4% |
每股收益（稀释后）FFAIMVIS
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.05 | ||
| Q2 25 | — | $-0.06 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | — | $-0.07 | ||
| Q2 24 | — | $-0.11 | ||
| Q1 24 | — | $-0.13 |
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 | $74.9M |
| 总债务越低越好 | — | $19.2M |
| 股东权益账面价值 | $-27.3M | $55.5M |
| 总资产 | $277.9M | $103.1M |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资FFAIMVIS
| Q4 25 | $34.9M | $74.9M | ||
| Q3 25 | — | $99.5M | ||
| Q2 25 | — | $91.4M | ||
| Q1 25 | $9.5M | $69.0M | ||
| Q4 24 | $7.1M | $74.7M | ||
| Q3 24 | — | $43.2M | ||
| Q2 24 | $793.0K | $56.6M | ||
| Q1 24 | — | $73.1M |
总债务FFAIMVIS
| Q4 25 | — | $19.2M | ||
| Q3 25 | — | $29.0M | ||
| Q2 25 | — | $32.3M | ||
| Q1 25 | — | $30.1M | ||
| Q4 24 | — | $33.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FFAIMVIS
| Q4 25 | $-27.3M | $55.5M | ||
| Q3 25 | — | $90.7M | ||
| Q2 25 | — | $77.1M | ||
| Q1 25 | $139.8M | $53.2M | ||
| Q4 24 | $115.0M | $48.8M | ||
| Q3 24 | — | $65.9M | ||
| Q2 24 | $148.7M | $78.7M | ||
| Q1 24 | — | $93.8M |
总资产FFAIMVIS
| Q4 25 | $277.9M | $103.1M | ||
| Q3 25 | — | $150.8M | ||
| Q2 25 | — | $140.6M | ||
| Q1 25 | $410.6M | $116.7M | ||
| Q4 24 | $425.4M | $121.2M | ||
| Q3 24 | — | $88.3M | ||
| Q2 24 | $457.9M | $103.4M | ||
| Q1 24 | — | $124.2M |
负债/权益比FFAIMVIS
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-58.7M |
| 自由现金流经营现金流 - 资本支出 | $-29.5M | $-59.4M |
| 自由现金流率自由现金流/营收 | -22886.8% | -26636.3% |
| 资本支出强度资本支出/营收 | 867.4% | 304.5% |
| 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 | $-91.3M | $-103.1M |
8季度趋势，按日历期对齐
经营现金流FFAIMVIS
| Q4 25 | $-28.4M | $-58.7M | ||
| Q3 25 | — | $-16.5M | ||
| Q2 25 | — | $-12.7M | ||
| Q1 25 | $-20.3M | $-14.1M | ||
| Q4 24 | $-18.4M | $-15.1M | ||
| Q3 24 | — | $-14.1M | ||
| Q2 24 | $-14.4M | $-18.6M | ||
| Q1 24 | — | $-20.8M |
自由现金流FFAIMVIS
| Q4 25 | $-29.5M | $-59.4M | ||
| Q3 25 | — | $-16.6M | ||
| Q2 25 | — | $-12.9M | ||
| Q1 25 | $-21.9M | $-14.2M | ||
| Q4 24 | $-25.3M | $-15.2M | ||
| Q3 24 | — | $-14.1M | ||
| Q2 24 | $-14.6M | $-18.8M | ||
| Q1 24 | — | $-20.9M |
自由现金流率FFAIMVIS
| Q4 25 | -22886.8% | -26636.3% | ||
| Q3 25 | — | -6894.6% | ||
| Q2 25 | — | -8346.5% | ||
| Q1 25 | -6918.7% | -2410.4% | ||
| Q4 24 | -10770.6% | -918.7% | ||
| Q3 24 | — | -7421.1% | ||
| Q2 24 | -4993.5% | -989.5% | ||
| Q1 24 | — | -2183.4% |
资本支出强度FFAIMVIS
| Q4 25 | 867.4% | 304.5% | ||
| Q3 25 | — | 53.1% | ||
| Q2 25 | — | 134.2% | ||
| Q1 25 | 496.2% | 16.8% | ||
| Q4 24 | 2945.1% | 6.2% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | 88.4% | 8.7% | ||
| Q1 24 | — | 11.9% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
