vs
法拉第未来（FFAI）与蔚来（NIO）财务数据对比。点击上方公司名可切换其他公司
蔚来的季度营收约是法拉第未来的36556.1倍（$4.7B vs $129.0K）。蔚来净利率更高（0.8% vs -26011.6%，领先26012.4%）。法拉第未来自由现金流更多（$-29.5M vs $-439.4M）
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。
蔚来是中国本土新能源汽车制造商，总部位于上海，2014年成立，2016年正式启用现有品牌名称。公司专注于智能电动汽车的研发、设计与销售，产品覆盖轿车、SUV等多个品类，近年已将业务拓展至智能手机研发领域。
FFAI vs NIO — 直观对比
营收规模更大
NIO
是对方的36556.1倍
$129.0K
净利率更高
NIO
高出26012.4%
-26011.6%
自由现金流更多
FFAI
多$409.9M
$-439.4M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $129.0K | $4.7B |
| 净利润 | $-33.6M | $38.7M |
| 毛利率 | -12111.6% | 17.5% |
| 营业利润率 | -25041.9% | 1.5% |
| 净利率 | -26011.6% | 0.8% |
| 营收同比 | -45.1% | — |
| 净利润同比 | 72.3% | — |
| 每股收益（稀释后） | — | $0.05 |
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FFAINIO
| Q1 26 | — | $4.7B | ||
| Q4 25 | $129.0K | — | ||
| Q3 25 | $37.0K | $3.0B | ||
| Q2 25 | $54.0K | $2.6B | ||
| Q1 25 | $316.0K | $2.7B | ||
| Q4 24 | $235.0K | — | ||
| Q3 24 | $9.0K | — | ||
| Q2 24 | $293.0K | — |
净利润FFAINIO
| Q1 26 | — | $38.7M | ||
| Q4 25 | $-33.6M | — | ||
| Q3 25 | $-222.2M | $-505.2M | ||
| Q2 25 | $-124.7M | $-709.5M | ||
| Q1 25 | $-10.3M | $-984.2M | ||
| Q4 24 | $-121.3M | — | ||
| Q3 24 | $-77.7M | — | ||
| Q2 24 | $-108.7M | — |
毛利率FFAINIO
| Q1 26 | — | 17.5% | ||
| Q4 25 | -12111.6% | — | ||
| Q3 25 | -92483.8% | 13.9% | ||
| Q2 25 | -49737.0% | 10.0% | ||
| Q1 25 | -6666.1% | 11.7% | ||
| Q4 24 | -8801.7% | — | ||
| Q3 24 | -238266.7% | — | ||
| Q2 24 | -7057.0% | — |
营业利润率FFAINIO
| Q1 26 | — | 1.5% | ||
| Q4 25 | -25041.9% | — | ||
| Q3 25 | -558937.8% | -16.2% | ||
| Q2 25 | -89088.9% | -25.8% | ||
| Q1 25 | -13870.6% | -30.6% | ||
| Q4 24 | -12899.6% | — | ||
| Q3 24 | -280077.8% | — | ||
| Q2 24 | -17272.7% | — |
净利率FFAINIO
| Q1 26 | — | 0.8% | ||
| Q4 25 | -26011.6% | — | ||
| Q3 25 | -600505.4% | -16.8% | ||
| Q2 25 | -230881.5% | -27.0% | ||
| Q1 25 | -3252.5% | -36.2% | ||
| Q4 24 | -51599.6% | — | ||
| Q3 24 | -863177.8% | — | ||
| Q2 24 | -37093.9% | — |
每股收益（稀释后）FFAINIO
| Q1 26 | — | $0.05 | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-1.51 | ||
| Q2 25 | — | $-2.31 | ||
| Q1 25 | — | $-3.47 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $4.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-27.3M | $594.8M |
| 总资产 | $277.9M | $17.8B |
| 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FFAINIO
| Q1 26 | — | $4.4B | ||
| Q4 25 | $34.9M | — | ||
| Q3 25 | $62.9M | — | ||
| Q2 25 | $13.2M | $2.5B | ||
| Q1 25 | $9.5M | $4.6B | ||
| Q4 24 | $7.1M | — | ||
| Q3 24 | $7.3M | — | ||
| Q2 24 | $793.0K | — |
股东权益FFAINIO
| Q1 26 | — | $594.8M | ||
| Q4 25 | $-27.3M | — | ||
| Q3 25 | $-77.7M | — | ||
| Q2 25 | $59.9M | $-168.3M | ||
| Q1 25 | $139.8M | $817.5M | ||
| Q4 24 | $115.0M | — | ||
| Q3 24 | $156.8M | — | ||
| Q2 24 | $148.7M | — |
总资产FFAINIO
| Q1 26 | — | $17.8B | ||
| Q4 25 | $277.9M | — | ||
| Q3 25 | $315.6M | — | ||
| Q2 25 | $399.7M | $14.0B | ||
| Q1 25 | $410.6M | $14.7B | ||
| Q4 24 | $425.4M | — | ||
| Q3 24 | $449.1M | — | ||
| Q2 24 | $457.9M | — |
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 | $427.9M |
| 自由现金流经营现金流 - 资本支出 | $-29.5M | $-439.4M |
| 自由现金流率自由现金流/营收 | -22886.8% | -9.3% |
| 资本支出强度资本支出/营收 | 867.4% | 18.4% |
| 现金转化率经营现金流/净利润 | — | 11.07× |
| 过去12个月自由现金流最近4个季度 | $-115.2M | — |
8季度趋势，按日历期对齐
经营现金流FFAINIO
| Q1 26 | — | $427.9M | ||
| Q4 25 | $-28.4M | — | ||
| Q3 25 | $-35.6M | — | ||
| Q2 25 | $-23.3M | — | ||
| Q1 25 | $-20.3M | $-1.1B | ||
| Q4 24 | $-18.4M | — | ||
| Q3 24 | $-22.7M | — | ||
| Q2 24 | $-14.4M | — |
自由现金流FFAINIO
| Q1 26 | — | $-439.4M | ||
| Q4 25 | $-29.5M | — | ||
| Q3 25 | $-37.1M | — | ||
| Q2 25 | $-26.8M | — | ||
| Q1 25 | $-21.9M | $-2.3B | ||
| Q4 24 | $-25.3M | — | ||
| Q3 24 | $-23.0M | — | ||
| Q2 24 | $-14.6M | — |
自由现金流率FFAINIO
| Q1 26 | — | -9.3% | ||
| Q4 25 | -22886.8% | — | ||
| Q3 25 | -100218.9% | — | ||
| Q2 25 | -49540.7% | — | ||
| Q1 25 | -6918.7% | -85.6% | ||
| Q4 24 | -10770.6% | — | ||
| Q3 24 | -255622.2% | — | ||
| Q2 24 | -4993.5% | — |
资本支出强度FFAINIO
| Q1 26 | — | 18.4% | ||
| Q4 25 | 867.4% | — | ||
| Q3 25 | 4102.7% | — | ||
| Q2 25 | 6368.5% | — | ||
| Q1 25 | 496.2% | 46.1% | ||
| Q4 24 | 2945.1% | — | ||
| Q3 24 | 3344.4% | — | ||
| Q2 24 | 88.4% | — |
现金转化率FFAINIO
| Q1 26 | — | 11.07× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
