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格罗方德（GFS）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
格罗方德的季度营收约是Rivian Automotive, Inc.的1.3倍（$1.7B vs $1.3B），格罗方德净利率更高（14.8% vs -63.1%，领先77.8%），格罗方德同比增速更快（-2.9% vs -25.8%），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs -4.3%）
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
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。
GFS vs RIVN — 直观对比
营收规模更大
GFS
是对方的1.3倍
$1.3B
营收增速更快
GFS
高出22.9%
-25.8%
净利率更高
GFS
高出77.8%
-63.1%
两年增速更快
RIVN
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.3B |
| 净利润 | $249.0M | $-811.0M |
| 毛利率 | 24.8% | 9.3% |
| 营业利润率 | 11.6% | -64.8% |
| 净利率 | 14.8% | -63.1% |
| 营收同比 | -2.9% | -25.8% |
| 净利润同比 | 39.9% | -9.0% |
| 每股收益（稀释后） | $0.44 | $-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GFSRIVN
| Q4 25 | — | $1.3B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $1.7B | $874.0M | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
净利润GFSRIVN
| Q4 25 | — | $-811.0M | ||
| Q3 25 | $249.0M | $-1.2B | ||
| Q2 25 | $228.0M | $-1.1B | ||
| Q1 25 | $211.0M | $-545.0M | ||
| Q4 24 | — | $-744.0M | ||
| Q3 24 | $178.0M | $-1.1B | ||
| Q2 24 | $155.0M | $-1.5B | ||
| Q1 24 | $134.0M | $-1.4B |
毛利率GFSRIVN
| Q4 25 | — | 9.3% | ||
| Q3 25 | 24.8% | 1.5% | ||
| Q2 25 | 24.2% | -15.8% | ||
| Q1 25 | 22.4% | 16.6% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | 23.8% | -44.9% | ||
| Q2 24 | 24.2% | -38.9% | ||
| Q1 24 | 25.4% | -43.8% |
营业利润率GFSRIVN
| Q4 25 | — | -64.8% | ||
| Q3 25 | 11.6% | -63.1% | ||
| Q2 25 | 11.6% | -85.5% | ||
| Q1 25 | 9.5% | -52.8% | ||
| Q4 24 | — | -38.1% | ||
| Q3 24 | 10.6% | -133.8% | ||
| Q2 24 | 9.5% | -118.7% | ||
| Q1 24 | 9.5% | -123.3% |
净利率GFSRIVN
| Q4 25 | — | -63.1% | ||
| Q3 25 | 14.8% | -75.3% | ||
| Q2 25 | 13.5% | -85.7% | ||
| Q1 25 | 13.3% | -44.0% | ||
| Q4 24 | — | -42.9% | ||
| Q3 24 | 10.2% | -125.9% | ||
| Q2 24 | 9.5% | -125.8% | ||
| Q1 24 | 8.7% | -120.1% |
每股收益（稀释后）GFSRIVN
| Q4 25 | — | $-0.66 | ||
| Q3 25 | $0.44 | $-0.96 | ||
| Q2 25 | $0.41 | $-0.97 | ||
| Q1 25 | $0.38 | $-0.48 | ||
| Q4 24 | — | $-0.67 | ||
| Q3 24 | $0.32 | $-1.08 | ||
| Q2 24 | $0.28 | $-1.46 | ||
| Q1 24 | $0.24 | $-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 | $2.0B | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $11.8B | $4.6B |
| 总资产 | $16.7B | $14.9B |
| 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GFSRIVN
| Q4 25 | — | $6.1B | ||
| Q3 25 | $2.0B | $7.1B | ||
| Q2 25 | $1.8B | $7.5B | ||
| Q1 25 | $1.6B | $7.2B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | $2.3B | $6.7B | ||
| Q2 24 | $2.2B | $7.9B | ||
| Q1 24 | $2.2B | $7.9B |
总债务GFSRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益GFSRIVN
| Q4 25 | — | $4.6B | ||
| Q3 25 | $11.8B | $5.1B | ||
| Q2 25 | $11.5B | $6.1B | ||
| Q1 25 | $11.1B | $6.2B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | $11.6B | $5.9B | ||
| Q2 24 | $11.3B | $6.8B | ||
| Q1 24 | $11.3B | $8.1B |
总资产GFSRIVN
| Q4 25 | — | $14.9B | ||
| Q3 25 | $16.7B | $15.2B | ||
| Q2 25 | $16.8B | $15.6B | ||
| Q1 25 | $16.5B | $15.5B | ||
| Q4 24 | — | $15.4B | ||
| Q3 24 | $18.1B | $14.3B | ||
| Q2 24 | — | $15.4B | ||
| Q1 24 | — | $15.7B |
负债/权益比GFSRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 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 | $595.0M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-1.1B |
| 自由现金流率自由现金流/营收 | — | -89.0% |
| 资本支出强度资本支出/营收 | — | 36.0% |
| 现金转化率经营现金流/净利润 | 2.39× | — |
| 过去12个月自由现金流最近4个季度 | — | $-2.5B |
8季度趋势，按日历期对齐
经营现金流GFSRIVN
| Q4 25 | — | $-681.0M | ||
| Q3 25 | $595.0M | $26.0M | ||
| Q2 25 | $431.0M | $64.0M | ||
| Q1 25 | $331.0M | $-188.0M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $375.0M | $-876.0M | ||
| Q2 24 | $402.0M | $-754.0M | ||
| Q1 24 | $488.0M | $-1.3B |
自由现金流GFSRIVN
| Q4 25 | — | $-1.1B | ||
| Q3 25 | — | $-421.0M | ||
| Q2 25 | — | $-398.0M | ||
| Q1 25 | — | $-526.0M | ||
| Q4 24 | — | $856.0M | ||
| Q3 24 | — | $-1.2B | ||
| Q2 24 | — | $-1.0B | ||
| Q1 24 | — | $-1.5B |
自由现金流率GFSRIVN
| Q4 25 | — | -89.0% | ||
| Q3 25 | — | -27.0% | ||
| Q2 25 | — | -30.5% | ||
| Q1 25 | — | -42.4% | ||
| Q4 24 | — | 49.4% | ||
| Q3 24 | — | -131.9% | ||
| Q2 24 | — | -89.6% | ||
| Q1 24 | — | -126.5% |
资本支出强度GFSRIVN
| Q4 25 | — | 36.0% | ||
| Q3 25 | — | 28.7% | ||
| Q2 25 | — | 35.5% | ||
| Q1 25 | — | 27.3% | ||
| Q4 24 | — | 18.9% | ||
| Q3 24 | — | 31.7% | ||
| Q2 24 | — | 24.4% | ||
| Q1 24 | — | 21.1% |
现金转化率GFSRIVN
| Q4 25 | — | — | ||
| Q3 25 | 2.39× | — | ||
| Q2 25 | 1.89× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 2.59× | — | ||
| Q1 24 | 3.64× | — |
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
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
