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高德纳（IT）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
高德纳的季度营收约是Rivian Automotive, Inc.的1.4倍（$1.8B vs $1.3B），高德纳净利率更高（13.8% vs -63.1%，领先76.9%），高德纳同比增速更快（2.2% vs -25.8%），高德纳自由现金流更多（$270.7M vs $-1.1B），过去两年高德纳的营收复合增速更高（9.1% vs 3.3%）
高德纳是美国专注于商业与科技领域的研究咨询机构，服务客户覆盖大型企业、政府机构、科技公司、投资机构等群体，通过输出研究报告、举办行业峰会、提供定制咨询等形式，为客户决策提供权威专业的洞见支撑。
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。
IT vs RIVN — 直观对比
营收规模更大
IT
是对方的1.4倍
$1.3B
营收增速更快
IT
高出28.0%
-25.8%
净利率更高
IT
高出76.9%
-63.1%
自由现金流更多
IT
多$1.4B
$-1.1B
两年增速更快
IT
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.3B |
| 净利润 | $242.2M | $-811.0M |
| 毛利率 | 67.8% | 9.3% |
| 营业利润率 | 19.1% | -64.8% |
| 净利率 | 13.8% | -63.1% |
| 营收同比 | 2.2% | -25.8% |
| 净利润同比 | -39.2% | -9.0% |
| 每股收益（稀释后） | $3.36 | $-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ITRIVN
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $1.5B | $874.0M | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
净利润ITRIVN
| Q4 25 | $242.2M | $-811.0M | ||
| Q3 25 | $35.4M | $-1.2B | ||
| Q2 25 | $240.8M | $-1.1B | ||
| Q1 25 | $210.9M | $-545.0M | ||
| Q4 24 | $398.6M | $-744.0M | ||
| Q3 24 | $415.0M | $-1.1B | ||
| Q2 24 | $229.5M | $-1.5B | ||
| Q1 24 | $210.5M | $-1.4B |
毛利率ITRIVN
| Q4 25 | 67.8% | 9.3% | ||
| Q3 25 | 69.3% | 1.5% | ||
| Q2 25 | 68.6% | -15.8% | ||
| Q1 25 | 69.4% | 16.6% | ||
| Q4 24 | 66.8% | 9.8% | ||
| Q3 24 | 68.4% | -44.9% | ||
| Q2 24 | 68.6% | -38.9% | ||
| Q1 24 | 69.4% | -43.8% |
营业利润率ITRIVN
| Q4 25 | 19.1% | -64.8% | ||
| Q3 25 | 5.7% | -63.1% | ||
| Q2 25 | 19.4% | -85.5% | ||
| Q1 25 | 18.1% | -52.8% | ||
| Q4 24 | 18.5% | -38.1% | ||
| Q3 24 | 16.6% | -133.8% | ||
| Q2 24 | 20.0% | -118.7% | ||
| Q1 24 | 18.6% | -123.3% |
净利率ITRIVN
| Q4 25 | 13.8% | -63.1% | ||
| Q3 25 | 2.3% | -75.3% | ||
| Q2 25 | 14.3% | -85.7% | ||
| Q1 25 | 13.7% | -44.0% | ||
| Q4 24 | 23.2% | -42.9% | ||
| Q3 24 | 28.0% | -125.9% | ||
| Q2 24 | 14.4% | -125.8% | ||
| Q1 24 | 14.3% | -120.1% |
每股收益（稀释后）ITRIVN
| Q4 25 | $3.36 | $-0.66 | ||
| Q3 25 | $0.47 | $-0.96 | ||
| Q2 25 | $3.11 | $-0.97 | ||
| Q1 25 | $2.71 | $-0.48 | ||
| Q4 24 | $5.08 | $-0.67 | ||
| Q3 24 | $5.32 | $-1.08 | ||
| Q2 24 | $2.93 | $-1.46 | ||
| Q1 24 | $2.67 | $-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 | $1.7B | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $319.9M | $4.6B |
| 总资产 | $8.1B | $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ITRIVN
| Q4 25 | $1.7B | $6.1B | ||
| Q3 25 | $1.4B | $7.1B | ||
| Q2 25 | $2.2B | $7.5B | ||
| Q1 25 | $2.1B | $7.2B | ||
| Q4 24 | $1.9B | $7.7B | ||
| Q3 24 | $1.8B | $6.7B | ||
| Q2 24 | $1.2B | $7.9B | ||
| Q1 24 | $1.2B | $7.9B |
总债务ITRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益ITRIVN
| Q4 25 | $319.9M | $4.6B | ||
| Q3 25 | $556.6M | $5.1B | ||
| Q2 25 | $1.5B | $6.1B | ||
| Q1 25 | $1.5B | $6.2B | ||
| Q4 24 | $1.4B | $6.6B | ||
| Q3 24 | $1.1B | $5.9B | ||
| Q2 24 | $646.7M | $6.8B | ||
| Q1 24 | $718.2M | $8.1B |
总资产ITRIVN
| Q4 25 | $8.1B | $14.9B | ||
| Q3 25 | $7.2B | $15.2B | ||
| Q2 25 | $8.3B | $15.6B | ||
| Q1 25 | $8.5B | $15.5B | ||
| Q4 24 | $8.5B | $15.4B | ||
| Q3 24 | $7.8B | $14.3B | ||
| Q2 24 | $7.4B | $15.4B | ||
| Q1 24 | $7.7B | $15.7B |
负债/权益比ITRIVN
| 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 | $294.5M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $270.7M | $-1.1B |
| 自由现金流率自由现金流/营收 | 15.4% | -89.0% |
| 资本支出强度资本支出/营收 | 1.4% | 36.0% |
| 现金转化率经营现金流/净利润 | 1.22× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $-2.5B |
8季度趋势，按日历期对齐
经营现金流ITRIVN
| Q4 25 | $294.5M | $-681.0M | ||
| Q3 25 | $298.7M | $26.0M | ||
| Q2 25 | $383.6M | $64.0M | ||
| Q1 25 | $313.5M | $-188.0M | ||
| Q4 24 | $335.4M | $1.2B | ||
| Q3 24 | $590.8M | $-876.0M | ||
| Q2 24 | $370.0M | $-754.0M | ||
| Q1 24 | $188.8M | $-1.3B |
自由现金流ITRIVN
| Q4 25 | $270.7M | $-1.1B | ||
| Q3 25 | $269.3M | $-421.0M | ||
| Q2 25 | $347.3M | $-398.0M | ||
| Q1 25 | $287.9M | $-526.0M | ||
| Q4 24 | $311.4M | $856.0M | ||
| Q3 24 | $565.0M | $-1.2B | ||
| Q2 24 | $340.6M | $-1.0B | ||
| Q1 24 | $166.2M | $-1.5B |
自由现金流率ITRIVN
| Q4 25 | 15.4% | -89.0% | ||
| Q3 25 | 17.7% | -27.0% | ||
| Q2 25 | 20.6% | -30.5% | ||
| Q1 25 | 18.8% | -42.4% | ||
| Q4 24 | 18.2% | 49.4% | ||
| Q3 24 | 38.1% | -131.9% | ||
| Q2 24 | 21.4% | -89.6% | ||
| Q1 24 | 11.3% | -126.5% |
资本支出强度ITRIVN
| Q4 25 | 1.4% | 36.0% | ||
| Q3 25 | 1.9% | 28.7% | ||
| Q2 25 | 2.1% | 35.5% | ||
| Q1 25 | 1.7% | 27.3% | ||
| Q4 24 | 1.4% | 18.9% | ||
| Q3 24 | 1.7% | 31.7% | ||
| Q2 24 | 1.8% | 24.4% | ||
| Q1 24 | 1.5% | 21.1% |
现金转化率ITRIVN
| Q4 25 | 1.22× | — | ||
| Q3 25 | 8.45× | — | ||
| Q2 25 | 1.59× | — | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 0.84× | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 1.61× | — | ||
| Q1 24 | 0.90× | — |
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
IT
| Transferred Over Time | $1.3B | 73% |
| Conferences | $286.2M | 16% |
| Consulting | $133.6M | 8% |
| Other | $52.3M | 3% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
