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Global Payments（GPN）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
Global Payments的季度营收约是Rivian Automotive, Inc.的1.0倍（$1.3B vs $1.3B），Global Payments净利率更高（16.4% vs -63.1%，领先79.4%），Rivian Automotive, Inc.同比增速更快（-25.8% vs -47.1%），Global Payments自由现金流更多（$347.0M vs $-1.1B），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs -25.9%）
Global Payments Inc.是美国跨国金融科技企业，面向商户、发卡机构及消费者提供支付技术与相关服务，支持信用卡、借记卡、数字支付及非接触式支付的交易处理，2021年6月入选《财富》500强榜单。
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。
GPN vs RIVN — 直观对比
营收规模更大
GPN
是对方的1.0倍
$1.3B
营收增速更快
RIVN
高出21.3%
-47.1%
净利率更高
GPN
高出79.4%
-63.1%
自由现金流更多
GPN
多$1.5B
$-1.1B
两年增速更快
RIVN
近两年复合增速
-25.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.3B |
| 净利润 | $217.5M | $-811.0M |
| 毛利率 | 89.7% | 9.3% |
| 营业利润率 | 5.9% | -64.8% |
| 净利率 | 16.4% | -63.1% |
| 营收同比 | -47.1% | -25.8% |
| 净利润同比 | -61.6% | -9.0% |
| 每股收益（稀释后） | $0.91 | $-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GPNRIVN
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $2.0B | $1.6B | ||
| Q2 25 | $2.0B | $1.3B | ||
| Q1 25 | $2.4B | $1.2B | ||
| Q4 24 | $2.5B | $1.7B | ||
| Q3 24 | $2.6B | $874.0M | ||
| Q2 24 | $2.6B | $1.2B | ||
| Q1 24 | $2.4B | $1.2B |
净利润GPNRIVN
| Q4 25 | $217.5M | $-811.0M | ||
| Q3 25 | $635.2M | $-1.2B | ||
| Q2 25 | $241.6M | $-1.1B | ||
| Q1 25 | $305.7M | $-545.0M | ||
| Q4 24 | $567.2M | $-744.0M | ||
| Q3 24 | $315.1M | $-1.1B | ||
| Q2 24 | $374.8M | $-1.5B | ||
| Q1 24 | $313.3M | $-1.4B |
毛利率GPNRIVN
| Q4 25 | 89.7% | 9.3% | ||
| Q3 25 | 72.3% | 1.5% | ||
| Q2 25 | 74.5% | -15.8% | ||
| Q1 25 | 61.8% | 16.6% | ||
| Q4 24 | 62.1% | 9.8% | ||
| Q3 24 | 63.6% | -44.9% | ||
| Q2 24 | 63.5% | -38.9% | ||
| Q1 24 | 61.9% | -43.8% |
营业利润率GPNRIVN
| Q4 25 | 5.9% | -64.8% | ||
| Q3 25 | 38.8% | -63.1% | ||
| Q2 25 | 21.8% | -85.5% | ||
| Q1 25 | 19.5% | -52.8% | ||
| Q4 24 | 33.1% | -38.1% | ||
| Q3 24 | 18.3% | -133.8% | ||
| Q2 24 | 22.3% | -118.7% | ||
| Q1 24 | 18.7% | -123.3% |
净利率GPNRIVN
| Q4 25 | 16.4% | -63.1% | ||
| Q3 25 | 31.6% | -75.3% | ||
| Q2 25 | 12.3% | -85.7% | ||
| Q1 25 | 12.7% | -44.0% | ||
| Q4 24 | 22.5% | -42.9% | ||
| Q3 24 | 12.1% | -125.9% | ||
| Q2 24 | 14.6% | -125.8% | ||
| Q1 24 | 12.9% | -120.1% |
每股收益（稀释后）GPNRIVN
| Q4 25 | $0.91 | $-0.66 | ||
| Q3 25 | $2.64 | $-0.96 | ||
| Q2 25 | $0.99 | $-0.97 | ||
| Q1 25 | $1.24 | $-0.48 | ||
| Q4 24 | $2.23 | $-0.67 | ||
| Q3 24 | $1.24 | $-1.08 | ||
| Q2 24 | $1.47 | $-1.46 | ||
| Q1 24 | $1.22 | $-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 | $8.3B | $6.1B |
| 总债务越低越好 | $19.5B | — |
| 股东权益账面价值 | $22.9B | $4.6B |
| 总资产 | $53.3B | $14.9B |
| 负债/权益比越低杠杆越低 | 0.85× | — |
8季度趋势，按日历期对齐
现金及短期投资GPNRIVN
| Q4 25 | $8.3B | $6.1B | ||
| Q3 25 | $2.6B | $7.1B | ||
| Q2 25 | $2.6B | $7.5B | ||
| Q1 25 | $2.9B | $7.2B | ||
| Q4 24 | $2.5B | $7.7B | ||
| Q3 24 | $2.9B | $6.7B | ||
| Q2 24 | $2.1B | $7.9B | ||
| Q1 24 | $2.2B | $7.9B |
总债务GPNRIVN
| Q4 25 | $19.5B | — | ||
| Q3 25 | $13.3B | — | ||
| Q2 25 | $14.2B | — | ||
| Q1 25 | $15.0B | — | ||
| Q4 24 | $15.2B | — | ||
| Q3 24 | $15.2B | — | ||
| Q2 24 | $15.6B | $5.5B | ||
| Q1 24 | $15.6B | $4.4B |
股东权益GPNRIVN
| Q4 25 | $22.9B | $4.6B | ||
| Q3 25 | $22.7B | $5.1B | ||
| Q2 25 | $22.6B | $6.1B | ||
| Q1 25 | $22.2B | $6.2B | ||
| Q4 24 | $22.3B | $6.6B | ||
| Q3 24 | $22.8B | $5.9B | ||
| Q2 24 | $22.4B | $6.8B | ||
| Q1 24 | $22.2B | $8.1B |
总资产GPNRIVN
| Q4 25 | $53.3B | $14.9B | ||
| Q3 25 | $48.0B | $15.2B | ||
| Q2 25 | $48.5B | $15.6B | ||
| Q1 25 | $47.6B | $15.5B | ||
| Q4 24 | $46.9B | $15.4B | ||
| Q3 24 | $50.0B | $14.3B | ||
| Q2 24 | $50.8B | $15.4B | ||
| Q1 24 | $51.8B | $15.7B |
负债/权益比GPNRIVN
| Q4 25 | 0.85× | — | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.67× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 0.70× | 0.81× | ||
| Q1 24 | 0.70× | 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 | $515.2M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $347.0M | $-1.1B |
| 自由现金流率自由现金流/营收 | 26.1% | -89.0% |
| 资本支出强度资本支出/营收 | 12.7% | 36.0% |
| 现金转化率经营现金流/净利润 | 2.37× | — |
| 过去12个月自由现金流最近4个季度 | $2.0B | $-2.5B |
8季度趋势，按日历期对齐
经营现金流GPNRIVN
| Q4 25 | $515.2M | $-681.0M | ||
| Q3 25 | $768.7M | $26.0M | ||
| Q2 25 | $817.5M | $64.0M | ||
| Q1 25 | $555.1M | $-188.0M | ||
| Q4 24 | $653.4M | $1.2B | ||
| Q3 24 | $1.7B | $-876.0M | ||
| Q2 24 | $736.9M | $-754.0M | ||
| Q1 24 | $416.3M | $-1.3B |
自由现金流GPNRIVN
| Q4 25 | $347.0M | $-1.1B | ||
| Q3 25 | $598.9M | $-421.0M | ||
| Q2 25 | $665.4M | $-398.0M | ||
| Q1 25 | $427.5M | $-526.0M | ||
| Q4 24 | $469.4M | $856.0M | ||
| Q3 24 | $1.6B | $-1.2B | ||
| Q2 24 | $557.7M | $-1.0B | ||
| Q1 24 | $270.9M | $-1.5B |
自由现金流率GPNRIVN
| Q4 25 | 26.1% | -89.0% | ||
| Q3 25 | 29.8% | -27.0% | ||
| Q2 25 | 34.0% | -30.5% | ||
| Q1 25 | 17.7% | -42.4% | ||
| Q4 24 | 18.7% | 49.4% | ||
| Q3 24 | 60.0% | -131.9% | ||
| Q2 24 | 21.7% | -89.6% | ||
| Q1 24 | 11.2% | -126.5% |
资本支出强度GPNRIVN
| Q4 25 | 12.7% | 36.0% | ||
| Q3 25 | 8.5% | 28.7% | ||
| Q2 25 | 7.8% | 35.5% | ||
| Q1 25 | 5.3% | 27.3% | ||
| Q4 24 | 7.3% | 18.9% | ||
| Q3 24 | 6.4% | 31.7% | ||
| Q2 24 | 7.0% | 24.4% | ||
| Q1 24 | 6.0% | 21.1% |
现金转化率GPNRIVN
| Q4 25 | 2.37× | — | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 3.38× | — | ||
| Q1 25 | 1.82× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 5.48× | — | ||
| Q2 24 | 1.97× | — | ||
| Q1 24 | 1.33× | — |
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
GPN
| Integrated And Embedded Solutions | $869.3M | 65% |
| Point Of Sale And Software Solutions | $281.7M | 21% |
| Other | $178.4M | 13% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
