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景顺（IVZ）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
景顺的季度营收约是Rivian Automotive, Inc.的1.3倍（$1.7B vs $1.3B），景顺净利率更高（-58.9% vs -63.1%，领先4.2%），景顺同比增速更快（6.2% vs -25.8%），景顺自由现金流更多（$432.2M vs $-1.1B），过去两年景顺的营收复合增速更高（7.1% vs 3.3%）
景顺是总部位于美国佐治亚州亚特兰大的独立投资管理企业，在全球20个国家设有分支机构，旗下运营景顺、Invesco Perpetual、PowerShares等品牌，普通股为标普500指数成分股，于纽约证券交易所挂牌交易。
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。
IVZ vs RIVN — 直观对比
营收规模更大
IVZ
是对方的1.3倍
$1.3B
营收增速更快
IVZ
高出32.1%
-25.8%
净利率更高
IVZ
高出4.2%
-63.1%
自由现金流更多
IVZ
多$1.6B
$-1.1B
两年增速更快
IVZ
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.3B |
| 净利润 | $-995.9M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | -86.2% | -64.8% |
| 净利率 | -58.9% | -63.1% |
| 营收同比 | 6.2% | -25.8% |
| 净利润同比 | -575.8% | -9.0% |
| 每股收益（稀释后） | $-2.61 | $-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IVZRIVN
| Q4 25 | $1.7B | $1.3B | ||
| Q3 25 | $1.6B | $1.6B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.5B | $874.0M | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
净利润IVZRIVN
| Q4 25 | $-995.9M | $-811.0M | ||
| Q3 25 | $356.4M | $-1.2B | ||
| Q2 25 | $197.4M | $-1.1B | ||
| Q1 25 | $171.1M | $-545.0M | ||
| Q4 24 | $209.3M | $-744.0M | ||
| Q3 24 | $55.0M | $-1.1B | ||
| Q2 24 | $132.2M | $-1.5B | ||
| Q1 24 | $141.5M | $-1.4B |
毛利率IVZRIVN
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | -15.8% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | — | -44.9% | ||
| Q2 24 | — | -38.9% | ||
| Q1 24 | — | -43.8% |
营业利润率IVZRIVN
| Q4 25 | -86.2% | -64.8% | ||
| Q3 25 | 16.5% | -63.1% | ||
| Q2 25 | 14.1% | -85.5% | ||
| Q1 25 | 18.1% | -52.8% | ||
| Q4 24 | 19.6% | -38.1% | ||
| Q3 24 | 6.6% | -133.8% | ||
| Q2 24 | 13.9% | -118.7% | ||
| Q1 24 | 14.4% | -123.3% |
净利率IVZRIVN
| Q4 25 | -58.9% | -63.1% | ||
| Q3 25 | 21.7% | -75.3% | ||
| Q2 25 | 13.0% | -85.7% | ||
| Q1 25 | 11.2% | -44.0% | ||
| Q4 24 | 13.1% | -42.9% | ||
| Q3 24 | 3.6% | -125.9% | ||
| Q2 24 | 8.9% | -125.8% | ||
| Q1 24 | 9.6% | -120.1% |
每股收益（稀释后）IVZRIVN
| Q4 25 | $-2.61 | $-0.66 | ||
| Q3 25 | $0.66 | $-0.96 | ||
| Q2 25 | $-0.03 | $-0.97 | ||
| Q1 25 | $0.38 | $-0.48 | ||
| Q4 24 | $0.46 | $-0.67 | ||
| Q3 24 | $0.12 | $-1.08 | ||
| Q2 24 | $0.29 | $-1.46 | ||
| Q1 24 | $0.31 | $-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 | $1.0B | $6.1B |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $12.2B | $4.6B |
| 总资产 | $27.1B | $14.9B |
| 负债/权益比越低杠杆越低 | 0.15× | — |
8季度趋势，按日历期对齐
现金及短期投资IVZRIVN
| Q4 25 | $1.0B | $6.1B | ||
| Q3 25 | $973.1M | $7.1B | ||
| Q2 25 | $922.7M | $7.5B | ||
| Q1 25 | $821.7M | $7.2B | ||
| Q4 24 | $986.5M | $7.7B | ||
| Q3 24 | $1.0B | $6.7B | ||
| Q2 24 | $878.5M | $7.9B | ||
| Q1 24 | $895.7M | $7.9B |
总债务IVZRIVN
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $964.8M | — | ||
| Q4 24 | $890.6M | — | ||
| Q3 24 | $890.3M | — | ||
| Q2 24 | $890.1M | $5.5B | ||
| Q1 24 | $1.3B | $4.4B |
股东权益IVZRIVN
| Q4 25 | $12.2B | $4.6B | ||
| Q3 25 | $14.0B | $5.1B | ||
| Q2 25 | $13.9B | $6.1B | ||
| Q1 25 | $14.7B | $6.2B | ||
| Q4 24 | $14.6B | $6.6B | ||
| Q3 24 | $14.8B | $5.9B | ||
| Q2 24 | $14.6B | $6.8B | ||
| Q1 24 | $14.6B | $8.1B |
总资产IVZRIVN
| Q4 25 | $27.1B | $14.9B | ||
| Q3 25 | $28.4B | $15.2B | ||
| Q2 25 | $28.5B | $15.6B | ||
| Q1 25 | $28.1B | $15.5B | ||
| Q4 24 | $27.0B | $15.4B | ||
| Q3 24 | $27.5B | $14.3B | ||
| Q2 24 | $27.2B | $15.4B | ||
| Q1 24 | $28.1B | $15.7B |
负债/权益比IVZRIVN
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.06× | 0.81× | ||
| Q1 24 | 0.09× | 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 | $455.8M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $432.2M | $-1.1B |
| 自由现金流率自由现金流/营收 | 25.5% | -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 | — | — |
| 过去12个月自由现金流最近4个季度 | $1.4B | $-2.5B |
8季度趋势，按日历期对齐
经营现金流IVZRIVN
| Q4 25 | $455.8M | $-681.0M | ||
| Q3 25 | $606.2M | $26.0M | ||
| Q2 25 | $547.9M | $64.0M | ||
| Q1 25 | $-84.6M | $-188.0M | ||
| Q4 24 | $316.9M | $1.2B | ||
| Q3 24 | $438.4M | $-876.0M | ||
| Q2 24 | $489.1M | $-754.0M | ||
| Q1 24 | $-54.4M | $-1.3B |
自由现金流IVZRIVN
| Q4 25 | $432.2M | $-1.1B | ||
| Q3 25 | $586.4M | $-421.0M | ||
| Q2 25 | $530.4M | $-398.0M | ||
| Q1 25 | $-108.0M | $-526.0M | ||
| Q4 24 | $309.9M | $856.0M | ||
| Q3 24 | $410.0M | $-1.2B | ||
| Q2 24 | $462.4M | $-1.0B | ||
| Q1 24 | $-75.4M | $-1.5B |
自由现金流率IVZRIVN
| Q4 25 | 25.5% | -89.0% | ||
| Q3 25 | 35.7% | -27.0% | ||
| Q2 25 | 35.0% | -30.5% | ||
| Q1 25 | -7.1% | -42.4% | ||
| Q4 24 | 19.5% | 49.4% | ||
| Q3 24 | 27.1% | -131.9% | ||
| Q2 24 | 31.2% | -89.6% | ||
| Q1 24 | -5.1% | -126.5% |
资本支出强度IVZRIVN
| Q4 25 | 1.4% | 36.0% | ||
| Q3 25 | 1.2% | 28.7% | ||
| Q2 25 | 1.2% | 35.5% | ||
| Q1 25 | 1.5% | 27.3% | ||
| Q4 24 | 0.4% | 18.9% | ||
| Q3 24 | 1.9% | 31.7% | ||
| Q2 24 | 1.8% | 24.4% | ||
| Q1 24 | 1.4% | 21.1% |
现金转化率IVZRIVN
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 2.78× | — | ||
| Q1 25 | -0.49× | — | ||
| Q4 24 | 1.51× | — | ||
| Q3 24 | 7.97× | — | ||
| Q2 24 | 3.70× | — | ||
| Q1 24 | -0.38× | — |
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
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
