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FMC CORP（FMC）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
Rivian Automotive, Inc.的季度营收约是FMC CORP的1.2倍（$1.3B vs $1.1B），Rivian Automotive, Inc.净利率更高（-63.1% vs -158.8%，领先95.8%），FMC CORP同比增速更快（-11.5% vs -25.8%），FMC CORP自由现金流更多（$631.1M vs $-1.1B），过去两年FMC CORP的营收复合增速更高（8.6% vs 3.3%）
FMC公司是总部位于美国宾夕法尼亚州费城的化工制造企业，1883年创立之初以生产杀虫剂为主，后续逐步拓展业务至其他领域。二战期间曾为美国陆军部设计生产两栖履带登陆车，目前在全球拥有7000名员工，业务布局广泛。
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。
FMC vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.2倍
$1.1B
营收增速更快
FMC
高出14.3%
-25.8%
净利率更高
RIVN
高出95.8%
-158.8%
自由现金流更多
FMC
多$1.8B
$-1.1B
两年增速更快
FMC
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.3B |
| 净利润 | $-1.7B | $-811.0M |
| 毛利率 | 39.8% | 9.3% |
| 营业利润率 | -130.8% | -64.8% |
| 净利率 | -158.8% | -63.1% |
| 营收同比 | -11.5% | -25.8% |
| 净利润同比 | -10457.1% | -9.0% |
| 每股收益（稀释后） | $-13.77 | $-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FMCRIVN
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $542.2M | $1.6B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $791.4M | $1.2B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.1B | $874.0M | ||
| Q2 24 | $1.0B | $1.2B | ||
| Q1 24 | $918.0M | $1.2B |
净利润FMCRIVN
| Q4 25 | $-1.7B | $-811.0M | ||
| Q3 25 | $-569.3M | $-1.2B | ||
| Q2 25 | $66.7M | $-1.1B | ||
| Q1 25 | $-15.5M | $-545.0M | ||
| Q4 24 | $-16.3M | $-744.0M | ||
| Q3 24 | $65.0M | $-1.1B | ||
| Q2 24 | $295.1M | $-1.5B | ||
| Q1 24 | $-2.7M | $-1.4B |
毛利率FMCRIVN
| Q4 25 | 39.8% | 9.3% | ||
| Q3 25 | 23.8% | 1.5% | ||
| Q2 25 | 38.7% | -15.8% | ||
| Q1 25 | 40.0% | 16.6% | ||
| Q4 24 | 42.9% | 9.8% | ||
| Q3 24 | 36.3% | -44.9% | ||
| Q2 24 | 38.3% | -38.9% | ||
| Q1 24 | 37.0% | -43.8% |
营业利润率FMCRIVN
| Q4 25 | -130.8% | -64.8% | ||
| Q3 25 | -73.1% | -63.1% | ||
| Q2 25 | 12.0% | -85.5% | ||
| Q1 25 | 7.4% | -52.8% | ||
| Q4 24 | 19.2% | -38.1% | ||
| Q3 24 | 12.7% | -133.8% | ||
| Q2 24 | 6.0% | -118.7% | ||
| Q1 24 | 8.1% | -123.3% |
净利率FMCRIVN
| Q4 25 | -158.8% | -63.1% | ||
| Q3 25 | -105.0% | -75.3% | ||
| Q2 25 | 6.3% | -85.7% | ||
| Q1 25 | -2.0% | -44.0% | ||
| Q4 24 | -1.3% | -42.9% | ||
| Q3 24 | 6.1% | -125.9% | ||
| Q2 24 | 28.4% | -125.8% | ||
| Q1 24 | -0.3% | -120.1% |
每股收益（稀释后）FMCRIVN
| Q4 25 | $-13.77 | $-0.66 | ||
| Q3 25 | $-4.52 | $-0.96 | ||
| Q2 25 | $0.53 | $-0.97 | ||
| Q1 25 | $-0.12 | $-0.48 | ||
| Q4 24 | $-0.13 | $-0.67 | ||
| Q3 24 | $0.52 | $-1.08 | ||
| Q2 24 | $2.35 | $-1.46 | ||
| Q1 24 | $-0.02 | $-1.48 |
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 | $584.5M | $6.1B |
| 总债务越低越好 | $3.4B | — |
| 股东权益账面价值 | $2.1B | $4.6B |
| 总资产 | $9.7B | $14.9B |
| 负债/权益比越低杠杆越低 | 1.62× | — |
8季度趋势，按日历期对齐
现金及短期投资FMCRIVN
| Q4 25 | $584.5M | $6.1B | ||
| Q3 25 | $497.7M | $7.1B | ||
| Q2 25 | $438.2M | $7.5B | ||
| Q1 25 | $315.3M | $7.2B | ||
| Q4 24 | $357.3M | $7.7B | ||
| Q3 24 | $416.7M | $6.7B | ||
| Q2 24 | $471.5M | $7.9B | ||
| Q1 24 | $417.8M | $7.9B |
总债务FMCRIVN
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.1B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | $5.5B | ||
| Q1 24 | $3.1B | $4.4B |
股东权益FMCRIVN
| Q4 25 | $2.1B | $4.6B | ||
| Q3 25 | $3.8B | $5.1B | ||
| Q2 25 | $4.4B | $6.1B | ||
| Q1 25 | $4.4B | $6.2B | ||
| Q4 24 | $4.5B | $6.6B | ||
| Q3 24 | $4.6B | $5.9B | ||
| Q2 24 | $4.6B | $6.8B | ||
| Q1 24 | $4.3B | $8.1B |
总资产FMCRIVN
| Q4 25 | $9.7B | $14.9B | ||
| Q3 25 | $12.1B | $15.2B | ||
| Q2 25 | $12.3B | $15.6B | ||
| Q1 25 | $11.8B | $15.5B | ||
| Q4 24 | $11.7B | $15.4B | ||
| Q3 24 | $12.2B | $14.3B | ||
| Q2 24 | $12.1B | $15.4B | ||
| Q1 24 | $12.0B | $15.7B |
负债/权益比FMCRIVN
| Q4 25 | 1.62× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.68× | 0.81× | ||
| Q1 24 | 0.72× | 0.55× |
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 | $657.1M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $631.1M | $-1.1B |
| 自由现金流率自由现金流/营收 | 58.3% | -89.0% |
| 资本支出强度资本支出/营收 | 2.4% | 36.0% |
| 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 | $-102.5M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流FMCRIVN
| Q4 25 | $657.1M | $-681.0M | ||
| Q3 25 | $-184.2M | $26.0M | ||
| Q2 25 | $65.9M | $64.0M | ||
| Q1 25 | $-545.0M | $-188.0M | ||
| Q4 24 | $427.9M | $1.2B | ||
| Q3 24 | $159.5M | $-876.0M | ||
| Q2 24 | $292.2M | $-754.0M | ||
| Q1 24 | $-142.9M | $-1.3B |
自由现金流FMCRIVN
| Q4 25 | $631.1M | $-1.1B | ||
| Q3 25 | $-207.9M | $-421.0M | ||
| Q2 25 | $50.9M | $-398.0M | ||
| Q1 25 | $-576.6M | $-526.0M | ||
| Q4 24 | $406.3M | $856.0M | ||
| Q3 24 | $143.8M | $-1.2B | ||
| Q2 24 | $282.3M | $-1.0B | ||
| Q1 24 | $-163.6M | $-1.5B |
自由现金流率FMCRIVN
| Q4 25 | 58.3% | -89.0% | ||
| Q3 25 | -38.3% | -27.0% | ||
| Q2 25 | 4.8% | -30.5% | ||
| Q1 25 | -72.9% | -42.4% | ||
| Q4 24 | 33.2% | 49.4% | ||
| Q3 24 | 13.5% | -131.9% | ||
| Q2 24 | 27.2% | -89.6% | ||
| Q1 24 | -17.8% | -126.5% |
资本支出强度FMCRIVN
| Q4 25 | 2.4% | 36.0% | ||
| Q3 25 | 4.4% | 28.7% | ||
| Q2 25 | 1.4% | 35.5% | ||
| Q1 25 | 4.0% | 27.3% | ||
| Q4 24 | 1.8% | 18.9% | ||
| Q3 24 | 1.5% | 31.7% | ||
| Q2 24 | 1.0% | 24.4% | ||
| Q1 24 | 2.3% | 21.1% |
现金转化率FMCRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.99× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.45× | — | ||
| Q2 24 | 0.99× | — | ||
| Q1 24 | — | — |
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
FMC
| Insecticides | $440.3M | 41% |
| Herbicides | $378.8M | 35% |
| Fungicides | $140.4M | 13% |
| Plant Health | $65.6M | 6% |
| Other | $45.0M | 4% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
