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自由媒体集团（FWONA）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
自由媒体集团的季度营收约是Rivian Automotive, Inc.的1.3倍（$1.6B vs $1.3B），自由媒体集团净利率更高（20.7% vs -63.1%，领先83.8%），自由媒体集团同比增速更快（150.7% vs -25.8%），自由媒体集团自由现金流更多（$62.0M vs $-1.1B），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs -23.5%）
自由媒体集团是1991年由约翰·C·马龙创立的美国大型传媒企业，旗下设有两大对应独立追踪股票的业务板块，持有一级方程式集团和Live Nation Entertainment的股权，截至2025年拥有F1、世界摩托车锦标赛、世界超级摩托车锦标赛三项全球顶级赛车运动IP及运营业务。
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。
FWONA vs RIVN — 直观对比
营收规模更大
FWONA
是对方的1.3倍
$1.3B
营收增速更快
FWONA
高出176.5%
-25.8%
净利率更高
FWONA
高出83.8%
-63.1%
自由现金流更多
FWONA
多$1.2B
$-1.1B
两年增速更快
RIVN
近两年复合增速
-23.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.3B |
| 净利润 | $333.0M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | 14.0% | -64.8% |
| 净利率 | 20.7% | -63.1% |
| 营收同比 | 150.7% | -25.8% |
| 净利润同比 | 193.8% | -9.0% |
| 每股收益（稀释后） | — | $-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FWONARIVN
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $447.0M | $1.2B | ||
| Q4 24 | $-3.2B | $1.7B | ||
| Q3 24 | $911.0M | $874.0M | ||
| Q2 24 | $3.2B | $1.2B | ||
| Q1 24 | $2.7B | $1.2B |
净利润FWONARIVN
| Q4 25 | $333.0M | $-811.0M | ||
| Q3 25 | $13.0M | $-1.2B | ||
| Q2 25 | $204.0M | $-1.1B | ||
| Q1 25 | $5.0M | $-545.0M | ||
| Q4 24 | $-355.0M | $-744.0M | ||
| Q3 24 | $-2.4B | $-1.1B | ||
| Q2 24 | $457.0M | $-1.5B | ||
| Q1 24 | $203.0M | $-1.4B |
毛利率FWONARIVN
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | -15.8% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | — | -44.9% | ||
| Q2 24 | — | -38.9% | ||
| Q1 24 | — | -43.8% |
营业利润率FWONARIVN
| Q4 25 | 14.0% | -64.8% | ||
| Q3 25 | 13.7% | -63.1% | ||
| Q2 25 | 20.4% | -85.5% | ||
| Q1 25 | -15.9% | -52.8% | ||
| Q4 24 | — | -38.1% | ||
| Q3 24 | 11.7% | -133.8% | ||
| Q2 24 | 16.7% | -118.7% | ||
| Q1 24 | 18.3% | -123.3% |
净利率FWONARIVN
| Q4 25 | 20.7% | -63.1% | ||
| Q3 25 | 1.2% | -75.3% | ||
| Q2 25 | 15.2% | -85.7% | ||
| Q1 25 | 1.1% | -44.0% | ||
| Q4 24 | 11.2% | -42.9% | ||
| Q3 24 | -259.9% | -125.9% | ||
| Q2 24 | 14.4% | -125.8% | ||
| Q1 24 | 7.4% | -120.1% |
每股收益（稀释后）FWONARIVN
| Q4 25 | — | $-0.66 | ||
| Q3 25 | — | $-0.96 | ||
| Q2 25 | — | $-0.97 | ||
| Q1 25 | — | $-0.48 | ||
| Q4 24 | — | $-0.67 | ||
| Q3 24 | — | $-1.08 | ||
| Q2 24 | — | $-1.46 | ||
| Q1 24 | — | $-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 | $1.1B | $6.1B |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.8B | $4.6B |
| 总资产 | $15.4B | $14.9B |
| 负债/权益比越低杠杆越低 | 0.66× | — |
8季度趋势，按日历期对齐
现金及短期投资FWONARIVN
| Q4 25 | $1.1B | $6.1B | ||
| Q3 25 | $1.6B | $7.1B | ||
| Q2 25 | $3.4B | $7.5B | ||
| Q1 25 | $3.1B | $7.2B | ||
| Q4 24 | $3.0B | $7.7B | ||
| Q3 24 | $3.1B | $6.7B | ||
| Q2 24 | $2.1B | $7.9B | ||
| Q1 24 | $1.7B | $7.9B |
总债务FWONARIVN
| Q4 25 | $5.1B | — | ||
| Q3 25 | $7.0B | — | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $15.0B | $5.5B | ||
| Q1 24 | $15.4B | $4.4B |
股东权益FWONARIVN
| Q4 25 | $7.8B | $4.6B | ||
| Q3 25 | $7.4B | $5.1B | ||
| Q2 25 | $7.3B | $6.1B | ||
| Q1 25 | $7.0B | $6.2B | ||
| Q4 24 | $7.0B | $6.6B | ||
| Q3 24 | $7.4B | $5.9B | ||
| Q2 24 | $17.1B | $6.8B | ||
| Q1 24 | $16.6B | $8.1B |
总资产FWONARIVN
| Q4 25 | $15.4B | $14.9B | ||
| Q3 25 | $17.8B | $15.2B | ||
| Q2 25 | $13.8B | $15.6B | ||
| Q1 25 | $13.3B | $15.5B | ||
| Q4 24 | $12.9B | $15.4B | ||
| Q3 24 | $13.2B | $14.3B | ||
| Q2 24 | $42.6B | $15.4B | ||
| Q1 24 | $42.4B | $15.7B |
负债/权益比FWONARIVN
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.95× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.65× | — | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | 0.88× | 0.81× | ||
| Q1 24 | 0.93× | 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 | $123.0M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $62.0M | $-1.1B |
| 自由现金流率自由现金流/营收 | 3.9% | -89.0% |
| 资本支出强度资本支出/营收 | 3.8% | 36.0% |
| 现金转化率经营现金流/净利润 | 0.37× | — |
| 过去12个月自由现金流最近4个季度 | $789.0M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流FWONARIVN
| Q4 25 | $123.0M | $-681.0M | ||
| Q3 25 | $173.0M | $26.0M | ||
| Q2 25 | $231.0M | $64.0M | ||
| Q1 25 | $381.0M | $-188.0M | ||
| Q4 24 | $-23.0M | $1.2B | ||
| Q3 24 | $182.0M | $-876.0M | ||
| Q2 24 | $752.0M | $-754.0M | ||
| Q1 24 | $395.0M | $-1.3B |
自由现金流FWONARIVN
| Q4 25 | $62.0M | $-1.1B | ||
| Q3 25 | $170.0M | $-421.0M | ||
| Q2 25 | $209.0M | $-398.0M | ||
| Q1 25 | $348.0M | $-526.0M | ||
| Q4 24 | $-46.0M | $856.0M | ||
| Q3 24 | $-153.0M | $-1.2B | ||
| Q2 24 | $566.0M | $-1.0B | ||
| Q1 24 | $194.0M | $-1.5B |
自由现金流率FWONARIVN
| Q4 25 | 3.9% | -89.0% | ||
| Q3 25 | 15.7% | -27.0% | ||
| Q2 25 | 15.6% | -30.5% | ||
| Q1 25 | 77.9% | -42.4% | ||
| Q4 24 | 1.4% | 49.4% | ||
| Q3 24 | -16.8% | -131.9% | ||
| Q2 24 | 17.9% | -89.6% | ||
| Q1 24 | 7.1% | -126.5% |
资本支出强度FWONARIVN
| Q4 25 | 3.8% | 36.0% | ||
| Q3 25 | 0.3% | 28.7% | ||
| Q2 25 | 1.6% | 35.5% | ||
| Q1 25 | 7.4% | 27.3% | ||
| Q4 24 | -0.7% | 18.9% | ||
| Q3 24 | 36.8% | 31.7% | ||
| Q2 24 | 5.9% | 24.4% | ||
| Q1 24 | 7.3% | 21.1% |
现金转化率FWONARIVN
| Q4 25 | 0.37× | — | ||
| Q3 25 | 13.31× | — | ||
| Q2 25 | 1.13× | — | ||
| Q1 25 | 76.20× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.65× | — | ||
| Q1 24 | 1.95× | — |
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
FWONA
| Formula One | $1.4B | 87% |
| Product Service Or Other | $131.0M | 8% |
| Other | $77.0M | 5% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
