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亨斯迈（HUN）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
亨斯迈的季度营收约是Rivian Automotive, Inc.的1.1倍（$1.4B vs $1.3B），亨斯迈净利率更高（-7.1% vs -63.1%，领先56.0%），亨斯迈同比增速更快（-6.7% vs -25.8%），亨斯迈自由现金流更多（$19.0M vs $-1.1B），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs -4.0%）
亨斯迈公司是总部位于美国得克萨斯州伍德兰兹的全球化化工巨头，面向消费端与工业客户生产、销售各类化工产品，主营聚氨酯、高性能材料及胶粘剂，客户覆盖宝马、通用电气、雪佛龙、宝洁、联合利华等知名品牌。目前公司在全球25个国家设有60余处生产、研发及运营基地，员工约7000人。
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。
HUN vs RIVN — 直观对比
营收规模更大
HUN
是对方的1.1倍
$1.3B
营收增速更快
HUN
高出19.2%
-25.8%
净利率更高
HUN
高出56.0%
-63.1%
自由现金流更多
HUN
多$1.2B
$-1.1B
两年增速更快
RIVN
近两年复合增速
-4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.3B |
| 净利润 | $-96.0M | $-811.0M |
| 毛利率 | 12.1% | 9.3% |
| 营业利润率 | -4.4% | -64.8% |
| 净利率 | -7.1% | -63.1% |
| 营收同比 | -6.7% | -25.8% |
| 净利润同比 | 31.9% | -9.0% |
| 每股收益（稀释后） | $-0.56 | $-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HUNRIVN
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $1.5B | $874.0M | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
净利润HUNRIVN
| Q4 25 | $-96.0M | $-811.0M | ||
| Q3 25 | $-25.0M | $-1.2B | ||
| Q2 25 | $-158.0M | $-1.1B | ||
| Q1 25 | $-5.0M | $-545.0M | ||
| Q4 24 | $-141.0M | $-744.0M | ||
| Q3 24 | $-33.0M | $-1.1B | ||
| Q2 24 | $22.0M | $-1.5B | ||
| Q1 24 | $-37.0M | $-1.4B |
毛利率HUNRIVN
| Q4 25 | 12.1% | 9.3% | ||
| Q3 25 | 14.0% | 1.5% | ||
| Q2 25 | 12.5% | -15.8% | ||
| Q1 25 | 14.3% | 16.6% | ||
| Q4 24 | 12.9% | 9.8% | ||
| Q3 24 | 15.2% | -44.9% | ||
| Q2 24 | 15.4% | -38.9% | ||
| Q1 24 | 13.7% | -43.8% |
营业利润率HUNRIVN
| Q4 25 | -4.4% | -64.8% | ||
| Q3 25 | 0.4% | -63.1% | ||
| Q2 25 | -8.2% | -85.5% | ||
| Q1 25 | 3.0% | -52.8% | ||
| Q4 24 | -4.3% | -38.1% | ||
| Q3 24 | 2.7% | -133.8% | ||
| Q2 24 | 2.2% | -118.7% | ||
| Q1 24 | -2.6% | -123.3% |
净利率HUNRIVN
| Q4 25 | -7.1% | -63.1% | ||
| Q3 25 | -1.7% | -75.3% | ||
| Q2 25 | -10.8% | -85.7% | ||
| Q1 25 | -0.4% | -44.0% | ||
| Q4 24 | -9.7% | -42.9% | ||
| Q3 24 | -2.1% | -125.9% | ||
| Q2 24 | 1.4% | -125.8% | ||
| Q1 24 | -2.5% | -120.1% |
每股收益（稀释后）HUNRIVN
| Q4 25 | $-0.56 | $-0.66 | ||
| Q3 25 | $-0.14 | $-0.96 | ||
| Q2 25 | $-0.92 | $-0.97 | ||
| Q1 25 | $-0.03 | $-0.48 | ||
| Q4 24 | $-0.82 | $-0.67 | ||
| Q3 24 | $-0.19 | $-1.08 | ||
| Q2 24 | $0.13 | $-1.46 | ||
| Q1 24 | $-0.22 | $-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 | $429.0M | $6.1B |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $2.8B | $4.6B |
| 总资产 | $7.0B | $14.9B |
| 负债/权益比越低杠杆越低 | 0.73× | — |
8季度趋势，按日历期对齐
现金及短期投资HUNRIVN
| Q4 25 | $429.0M | $6.1B | ||
| Q3 25 | $468.0M | $7.1B | ||
| Q2 25 | $399.0M | $7.5B | ||
| Q1 25 | $334.0M | $7.2B | ||
| Q4 24 | $340.0M | $7.7B | ||
| Q3 24 | $330.0M | $6.7B | ||
| Q2 24 | $335.0M | $7.9B | ||
| Q1 24 | $552.0M | $7.9B |
总债务HUNRIVN
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | $5.5B | ||
| Q1 24 | $2.1B | $4.4B |
股东权益HUNRIVN
| Q4 25 | $2.8B | $4.6B | ||
| Q3 25 | $2.8B | $5.1B | ||
| Q2 25 | $2.8B | $6.1B | ||
| Q1 25 | $3.0B | $6.2B | ||
| Q4 24 | $3.0B | $6.6B | ||
| Q3 24 | $3.1B | $5.9B | ||
| Q2 24 | $3.1B | $6.8B | ||
| Q1 24 | $3.2B | $8.1B |
总资产HUNRIVN
| Q4 25 | $7.0B | $14.9B | ||
| Q3 25 | $7.1B | $15.2B | ||
| Q2 25 | $7.1B | $15.6B | ||
| Q1 25 | $7.2B | $15.5B | ||
| Q4 24 | $7.1B | $15.4B | ||
| Q3 24 | $7.3B | $14.3B | ||
| Q2 24 | $7.3B | $15.4B | ||
| Q1 24 | $7.6B | $15.7B |
负债/权益比HUNRIVN
| Q4 25 | 0.73× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.60× | — | ||
| Q2 24 | 0.62× | 0.81× | ||
| Q1 24 | 0.65× | 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 | $76.0M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $19.0M | $-1.1B |
| 自由现金流率自由现金流/营收 | 1.4% | -89.0% |
| 资本支出强度资本支出/营收 | 4.2% | 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 | $116.0M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流HUNRIVN
| Q4 25 | $76.0M | $-681.0M | ||
| Q3 25 | $196.0M | $26.0M | ||
| Q2 25 | $91.0M | $64.0M | ||
| Q1 25 | $-74.0M | $-188.0M | ||
| Q4 24 | $153.0M | $1.2B | ||
| Q3 24 | $129.0M | $-876.0M | ||
| Q2 24 | $46.0M | $-754.0M | ||
| Q1 24 | $-65.0M | $-1.3B |
自由现金流HUNRIVN
| Q4 25 | $19.0M | $-1.1B | ||
| Q3 25 | $153.0M | $-421.0M | ||
| Q2 25 | $54.0M | $-398.0M | ||
| Q1 25 | $-110.0M | $-526.0M | ||
| Q4 24 | $102.0M | $856.0M | ||
| Q3 24 | $88.0M | $-1.2B | ||
| Q2 24 | $-4.0M | $-1.0B | ||
| Q1 24 | $-107.0M | $-1.5B |
自由现金流率HUNRIVN
| Q4 25 | 1.4% | -89.0% | ||
| Q3 25 | 10.5% | -27.0% | ||
| Q2 25 | 3.7% | -30.5% | ||
| Q1 25 | -7.8% | -42.4% | ||
| Q4 24 | 7.0% | 49.4% | ||
| Q3 24 | 5.7% | -131.9% | ||
| Q2 24 | -0.3% | -89.6% | ||
| Q1 24 | -7.3% | -126.5% |
资本支出强度HUNRIVN
| Q4 25 | 4.2% | 36.0% | ||
| Q3 25 | 2.9% | 28.7% | ||
| Q2 25 | 2.5% | 35.5% | ||
| Q1 25 | 2.6% | 27.3% | ||
| Q4 24 | 3.5% | 18.9% | ||
| Q3 24 | 2.7% | 31.7% | ||
| Q2 24 | 3.2% | 24.4% | ||
| Q1 24 | 2.9% | 21.1% |
现金转化率HUNRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.09× | — | ||
| 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
HUN
| Diversified | $897.0M | 66% |
| Specialty | $231.0M | 17% |
| Performance Products | $113.0M | 8% |
| Advanced Materials | $61.0M | 5% |
| Related Party Customers | $19.0M | 1% |
| Other | $12.0M | 1% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
