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游戏驿站（GME）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.的季度营收约是游戏驿站的1.6倍（$1.3B vs $821.0M），游戏驿站净利率更高（9.4% vs -63.1%，领先72.5%），游戏驿站同比增速更快（-4.6% vs -25.8%），游戏驿站自由现金流更多（$107.0M vs $-1.1B），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs -32.3%）
游戏驿站（GameStop Corp.）是美国知名电子游戏、消费电子及游戏周边零售企业，总部位于得克萨斯州格雷普韦恩，是全球规模最大的电子游戏零售商。截至2025年2月，公司在美、加、澳及欧洲地区共运营3203家门店，旗下拥有EB Games、ThinkGeek等多个零售品牌，前身为1984年于达拉斯成立的Babbage's。
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。
GME vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.6倍
$821.0M
营收增速更快
GME
高出21.3%
-25.8%
净利率更高
GME
高出72.5%
-63.1%
自由现金流更多
GME
多$1.3B
$-1.1B
两年增速更快
RIVN
近两年复合增速
-32.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $821.0M | $1.3B |
| 净利润 | $77.1M | $-811.0M |
| 毛利率 | 33.3% | 9.3% |
| 营业利润率 | 5.0% | -64.8% |
| 净利率 | 9.4% | -63.1% |
| 营收同比 | -4.6% | -25.8% |
| 净利润同比 | 343.1% | -9.0% |
| 每股收益（稀释后） | $0.13 | $-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GMERIVN
| Q4 25 | $821.0M | $1.3B | ||
| Q3 25 | $972.2M | $1.6B | ||
| Q2 25 | $732.4M | $1.3B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $860.3M | $1.7B | ||
| Q3 24 | $798.3M | $874.0M | ||
| Q2 24 | $881.8M | $1.2B | ||
| Q1 24 | $1.8B | $1.2B |
净利润GMERIVN
| Q4 25 | $77.1M | $-811.0M | ||
| Q3 25 | $168.6M | $-1.2B | ||
| Q2 25 | $44.8M | $-1.1B | ||
| Q1 25 | $131.4M | $-545.0M | ||
| Q4 24 | $17.4M | $-744.0M | ||
| Q3 24 | $14.8M | $-1.1B | ||
| Q2 24 | $-32.3M | $-1.5B | ||
| Q1 24 | $63.1M | $-1.4B |
毛利率GMERIVN
| Q4 25 | 33.3% | 9.3% | ||
| Q3 25 | 29.1% | 1.5% | ||
| Q2 25 | 34.5% | -15.8% | ||
| Q1 25 | 28.3% | 16.6% | ||
| Q4 24 | 29.9% | 9.8% | ||
| Q3 24 | 31.2% | -44.9% | ||
| Q2 24 | 27.7% | -38.9% | ||
| Q1 24 | 23.4% | -43.8% |
营业利润率GMERIVN
| Q4 25 | 5.0% | -64.8% | ||
| Q3 25 | 6.8% | -63.1% | ||
| Q2 25 | -1.5% | -85.5% | ||
| Q1 25 | 6.2% | -52.8% | ||
| Q4 24 | -3.9% | -38.1% | ||
| Q3 24 | -2.8% | -133.8% | ||
| Q2 24 | -5.7% | -118.7% | ||
| Q1 24 | 3.1% | -123.3% |
净利率GMERIVN
| Q4 25 | 9.4% | -63.1% | ||
| Q3 25 | 17.3% | -75.3% | ||
| Q2 25 | 6.1% | -85.7% | ||
| Q1 25 | 10.2% | -44.0% | ||
| Q4 24 | 2.0% | -42.9% | ||
| Q3 24 | 1.9% | -125.9% | ||
| Q2 24 | -3.7% | -125.8% | ||
| Q1 24 | 3.5% | -120.1% |
每股收益（稀释后）GMERIVN
| Q4 25 | $0.13 | $-0.66 | ||
| Q3 25 | $0.31 | $-0.96 | ||
| Q2 25 | $0.09 | $-0.97 | ||
| Q1 25 | $0.36 | $-0.48 | ||
| Q4 24 | $0.04 | $-0.67 | ||
| Q3 24 | $0.04 | $-1.08 | ||
| Q2 24 | $-0.11 | $-1.46 | ||
| Q1 24 | $0.21 | $-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 | $8.8B | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.3B | $4.6B |
| 总资产 | $10.6B | $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GMERIVN
| Q4 25 | $8.8B | $6.1B | ||
| Q3 25 | $8.7B | $7.1B | ||
| Q2 25 | $6.4B | $7.5B | ||
| Q1 25 | $4.8B | $7.2B | ||
| Q4 24 | $4.6B | $7.7B | ||
| Q3 24 | $4.2B | $6.7B | ||
| Q2 24 | $1.1B | $7.9B | ||
| Q1 24 | $1.2B | $7.9B |
总债务GMERIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $16.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | $28.5M | $4.4B |
股东权益GMERIVN
| Q4 25 | $5.3B | $4.6B | ||
| Q3 25 | $5.2B | $5.1B | ||
| Q2 25 | $5.0B | $6.1B | ||
| Q1 25 | $4.9B | $6.2B | ||
| Q4 24 | $4.8B | $6.6B | ||
| Q3 24 | $4.4B | $5.9B | ||
| Q2 24 | $1.3B | $6.8B | ||
| Q1 24 | $1.3B | $8.1B |
总资产GMERIVN
| Q4 25 | $10.6B | $14.9B | ||
| Q3 25 | $10.3B | $15.2B | ||
| Q2 25 | $7.5B | $15.6B | ||
| Q1 25 | $5.9B | $15.5B | ||
| Q4 24 | $6.2B | $15.4B | ||
| Q3 24 | $5.5B | $14.3B | ||
| Q2 24 | $2.6B | $15.4B | ||
| Q1 24 | $2.7B | $15.7B |
负债/权益比GMERIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | 0.02× | 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 | $111.3M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $-1.1B |
| 自由现金流率自由现金流/营收 | 13.0% | -89.0% |
| 资本支出强度资本支出/营收 | 0.5% | 36.0% |
| 现金转化率经营现金流/净利润 | 1.44× | — |
| 过去12个月自由现金流最近4个季度 | $568.7M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流GMERIVN
| Q4 25 | $111.3M | $-681.0M | ||
| Q3 25 | $117.4M | $26.0M | ||
| Q2 25 | $192.5M | $64.0M | ||
| Q1 25 | $162.3M | $-188.0M | ||
| Q4 24 | $24.6M | $1.2B | ||
| Q3 24 | $68.6M | $-876.0M | ||
| Q2 24 | $-109.8M | $-754.0M | ||
| Q1 24 | $-11.0M | $-1.3B |
自由现金流GMERIVN
| Q4 25 | $107.0M | $-1.1B | ||
| Q3 25 | $113.3M | $-421.0M | ||
| Q2 25 | $189.6M | $-398.0M | ||
| Q1 25 | $158.8M | $-526.0M | ||
| Q4 24 | $20.0M | $856.0M | ||
| Q3 24 | $65.5M | $-1.2B | ||
| Q2 24 | $-114.7M | $-1.0B | ||
| Q1 24 | $-18.7M | $-1.5B |
自由现金流率GMERIVN
| Q4 25 | 13.0% | -89.0% | ||
| Q3 25 | 11.7% | -27.0% | ||
| Q2 25 | 25.9% | -30.5% | ||
| Q1 25 | 12.4% | -42.4% | ||
| Q4 24 | 2.3% | 49.4% | ||
| Q3 24 | 8.2% | -131.9% | ||
| Q2 24 | -13.0% | -89.6% | ||
| Q1 24 | -1.0% | -126.5% |
资本支出强度GMERIVN
| Q4 25 | 0.5% | 36.0% | ||
| Q3 25 | 0.4% | 28.7% | ||
| Q2 25 | 0.4% | 35.5% | ||
| Q1 25 | 0.3% | 27.3% | ||
| Q4 24 | 0.5% | 18.9% | ||
| Q3 24 | 0.4% | 31.7% | ||
| Q2 24 | 0.6% | 24.4% | ||
| Q1 24 | 0.4% | 21.1% |
现金转化率GMERIVN
| Q4 25 | 1.44× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 4.30× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 4.64× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.17× | — |
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
GME
| Hardware And Accessories | $367.4M | 45% |
| Collectibles | $256.1M | 31% |
| Software | $197.5M | 24% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
