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骏利亨德森集团（JHG）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.的季度营收约是骏利亨德森集团的1.1倍（$1.3B vs $1.1B），骏利亨德森集团净利率更高（35.3% vs -63.1%，领先98.4%），骏利亨德森集团同比增速更快（61.3% vs -25.8%），骏利亨德森集团自由现金流更多（$320.4M vs $-1.1B），过去两年骏利亨德森集团的营收复合增速更高（43.9% vs 3.3%）
骏利亨德森集团是英美联手设立的全球资产管理企业，总部位于英国伦敦金融城，旗下以「骏利亨德森投资者」为运营品牌，面向全球个人投资者、中介顾问及机构客户提供多元金融产品与专业资产管理服务。
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。
JHG vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.1倍
$1.1B
营收增速更快
JHG
高出87.1%
-25.8%
净利率更高
JHG
高出98.4%
-63.1%
自由现金流更多
JHG
多$1.5B
$-1.1B
两年增速更快
JHG
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.3B |
| 净利润 | $403.2M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | 42.7% | -64.8% |
| 净利率 | 35.3% | -63.1% |
| 营收同比 | 61.3% | -25.8% |
| 净利润同比 | 231.0% | -9.0% |
| 每股收益（稀释后） | $2.59 | $-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JHGRIVN
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $700.4M | $1.6B | ||
| Q2 25 | $633.2M | $1.3B | ||
| Q1 25 | $621.4M | $1.2B | ||
| Q4 24 | $708.3M | $1.7B | ||
| Q3 24 | $624.8M | $874.0M | ||
| Q2 24 | $588.4M | $1.2B | ||
| Q1 24 | $551.7M | $1.2B |
净利润JHGRIVN
| Q4 25 | $403.2M | $-811.0M | ||
| Q3 25 | $142.1M | $-1.2B | ||
| Q2 25 | $149.9M | $-1.1B | ||
| Q1 25 | $120.7M | $-545.0M | ||
| Q4 24 | $121.8M | $-744.0M | ||
| Q3 24 | $27.3M | $-1.1B | ||
| Q2 24 | $129.7M | $-1.5B | ||
| Q1 24 | $130.1M | $-1.4B |
毛利率JHGRIVN
| 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JHGRIVN
| Q4 25 | 42.7% | -64.8% | ||
| Q3 25 | 24.6% | -63.1% | ||
| Q2 25 | 25.9% | -85.5% | ||
| Q1 25 | 24.7% | -52.8% | ||
| Q4 24 | 27.9% | -38.1% | ||
| Q3 24 | 26.4% | -133.8% | ||
| Q2 24 | 27.9% | -118.7% | ||
| Q1 24 | 21.6% | -123.3% |
净利率JHGRIVN
| Q4 25 | 35.3% | -63.1% | ||
| Q3 25 | 20.3% | -75.3% | ||
| Q2 25 | 23.7% | -85.7% | ||
| Q1 25 | 19.4% | -44.0% | ||
| Q4 24 | 17.2% | -42.9% | ||
| Q3 24 | 4.4% | -125.9% | ||
| Q2 24 | 22.0% | -125.8% | ||
| Q1 24 | 23.6% | -120.1% |
每股收益（稀释后）JHGRIVN
| Q4 25 | $2.59 | $-0.66 | ||
| Q3 25 | $0.92 | $-0.96 | ||
| Q2 25 | $0.95 | $-0.97 | ||
| Q1 25 | $0.77 | $-0.48 | ||
| Q4 24 | $0.77 | $-0.67 | ||
| Q3 24 | $0.17 | $-1.08 | ||
| Q2 24 | $0.81 | $-1.46 | ||
| Q1 24 | $0.81 | $-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 | $1.6B | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.1B | $4.6B |
| 总资产 | $8.3B | $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JHGRIVN
| Q4 25 | $1.6B | $6.1B | ||
| Q3 25 | $1.4B | $7.1B | ||
| Q2 25 | $1.3B | $7.5B | ||
| Q1 25 | $1.4B | $7.2B | ||
| Q4 24 | $1.6B | $7.7B | ||
| Q3 24 | $1.8B | $6.7B | ||
| Q2 24 | $1.3B | $7.9B | ||
| Q1 24 | $1.1B | $7.9B |
总债务JHGRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益JHGRIVN
| Q4 25 | $5.1B | $4.6B | ||
| Q3 25 | $4.8B | $5.1B | ||
| Q2 25 | $4.8B | $6.1B | ||
| Q1 25 | $4.7B | $6.2B | ||
| Q4 24 | $4.6B | $6.6B | ||
| Q3 24 | $4.6B | $5.9B | ||
| Q2 24 | $4.5B | $6.8B | ||
| Q1 24 | $4.4B | $8.1B |
总资产JHGRIVN
| Q4 25 | $8.3B | $14.9B | ||
| Q3 25 | $7.6B | $15.2B | ||
| Q2 25 | $7.5B | $15.6B | ||
| Q1 25 | $7.1B | $15.5B | ||
| Q4 24 | $7.0B | $15.4B | ||
| Q3 24 | $7.3B | $14.3B | ||
| Q2 24 | $6.4B | $15.4B | ||
| Q1 24 | $6.3B | $15.7B |
负债/权益比JHGRIVN
| 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 | $322.7M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $320.4M | $-1.1B |
| 自由现金流率自由现金流/营收 | 28.0% | -89.0% |
| 资本支出强度资本支出/营收 | 0.2% | 36.0% |
| 现金转化率经营现金流/净利润 | 0.80× | — |
| 过去12个月自由现金流最近4个季度 | $710.9M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流JHGRIVN
| Q4 25 | $322.7M | $-681.0M | ||
| Q3 25 | $258.8M | $26.0M | ||
| Q2 25 | $135.2M | $64.0M | ||
| Q1 25 | $2.8M | $-188.0M | ||
| Q4 24 | $247.3M | $1.2B | ||
| Q3 24 | $228.5M | $-876.0M | ||
| Q2 24 | $223.8M | $-754.0M | ||
| Q1 24 | $-5.0M | $-1.3B |
自由现金流JHGRIVN
| Q4 25 | $320.4M | $-1.1B | ||
| Q3 25 | $256.4M | $-421.0M | ||
| Q2 25 | $133.2M | $-398.0M | ||
| Q1 25 | $900.0K | $-526.0M | ||
| Q4 24 | $243.5M | $856.0M | ||
| Q3 24 | $225.9M | $-1.2B | ||
| Q2 24 | $221.9M | $-1.0B | ||
| Q1 24 | $-6.8M | $-1.5B |
自由现金流率JHGRIVN
| Q4 25 | 28.0% | -89.0% | ||
| Q3 25 | 36.6% | -27.0% | ||
| Q2 25 | 21.0% | -30.5% | ||
| Q1 25 | 0.1% | -42.4% | ||
| Q4 24 | 34.4% | 49.4% | ||
| Q3 24 | 36.2% | -131.9% | ||
| Q2 24 | 37.7% | -89.6% | ||
| Q1 24 | -1.2% | -126.5% |
资本支出强度JHGRIVN
| Q4 25 | 0.2% | 36.0% | ||
| Q3 25 | 0.3% | 28.7% | ||
| Q2 25 | 0.3% | 35.5% | ||
| Q1 25 | 0.3% | 27.3% | ||
| Q4 24 | 0.5% | 18.9% | ||
| Q3 24 | 0.4% | 31.7% | ||
| Q2 24 | 0.3% | 24.4% | ||
| Q1 24 | 0.3% | 21.1% |
现金转化率JHGRIVN
| Q4 25 | 0.80× | — | ||
| Q3 25 | 1.82× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 2.03× | — | ||
| Q3 24 | 8.37× | — | ||
| Q2 24 | 1.73× | — | ||
| Q1 24 | -0.04× | — |
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
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
