vs
KAISER ALUMINUM CORP（KALU）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KAISER ALUMINUM CORP的1.4倍（$1.3B vs $929.0M），KAISER ALUMINUM CORP净利率更高（3.0% vs -63.1%，领先66.1%），KAISER ALUMINUM CORP同比增速更快（21.4% vs -25.8%），KAISER ALUMINUM CORP自由现金流更多（$-51.1M vs $-1.1B），过去两年KAISER ALUMINUM CORP的营收复合增速更高（12.2% vs 3.3%）
凯撒铝业是美国知名铝产品生产商，前身为凯撒铝业化工公司。其历史可追溯至Permanente Metals公司，该公司公开发行普通股后更名为凯撒铝业化工公司，后续拆分出现在的凯撒铝业，深耕铝材料生产领域，为下游多行业提供铝制品解决方案。
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。
KALU vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.4倍
$929.0M
营收增速更快
KALU
高出47.2%
-25.8%
净利率更高
KALU
高出66.1%
-63.1%
自由现金流更多
KALU
多$1.1B
$-1.1B
两年增速更快
KALU
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $929.0M | $1.3B |
| 净利润 | $28.2M | $-811.0M |
| 毛利率 | 13.3% | 9.3% |
| 营业利润率 | 6.5% | -64.8% |
| 净利率 | 3.0% | -63.1% |
| 营收同比 | 21.4% | -25.8% |
| 净利润同比 | 42.4% | -9.0% |
| 每股收益（稀释后） | $1.67 | $-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KALURIVN
| Q4 25 | $929.0M | $1.3B | ||
| Q3 25 | $843.5M | $1.6B | ||
| Q2 25 | $823.1M | $1.3B | ||
| Q1 25 | $777.4M | $1.2B | ||
| Q4 24 | $765.4M | $1.7B | ||
| Q3 24 | $747.7M | $874.0M | ||
| Q2 24 | $773.4M | $1.2B | ||
| Q1 24 | $737.5M | $1.2B |
净利润KALURIVN
| Q4 25 | $28.2M | $-811.0M | ||
| Q3 25 | $39.5M | $-1.2B | ||
| Q2 25 | $23.2M | $-1.1B | ||
| Q1 25 | $21.6M | $-545.0M | ||
| Q4 24 | $19.8M | $-744.0M | ||
| Q3 24 | $8.8M | $-1.1B | ||
| Q2 24 | $18.9M | $-1.5B | ||
| Q1 24 | $18.2M | $-1.4B |
毛利率KALURIVN
| Q4 25 | 13.3% | 9.3% | ||
| Q3 25 | 13.6% | 1.5% | ||
| Q2 25 | 12.2% | -15.8% | ||
| Q1 25 | 13.4% | 16.6% | ||
| Q4 24 | 12.5% | 9.8% | ||
| Q3 24 | 9.6% | -44.9% | ||
| Q2 24 | 13.4% | -38.9% | ||
| Q1 24 | 11.7% | -43.8% |
营业利润率KALURIVN
| Q4 25 | 6.5% | -64.8% | ||
| Q3 25 | 5.8% | -63.1% | ||
| Q2 25 | 4.6% | -85.5% | ||
| Q1 25 | 5.3% | -52.8% | ||
| Q4 24 | 5.0% | -38.1% | ||
| Q3 24 | 1.8% | -133.8% | ||
| Q2 24 | 4.7% | -118.7% | ||
| Q1 24 | 3.3% | -123.3% |
净利率KALURIVN
| Q4 25 | 3.0% | -63.1% | ||
| Q3 25 | 4.7% | -75.3% | ||
| Q2 25 | 2.8% | -85.7% | ||
| Q1 25 | 2.8% | -44.0% | ||
| Q4 24 | 2.6% | -42.9% | ||
| Q3 24 | 1.2% | -125.9% | ||
| Q2 24 | 2.4% | -125.8% | ||
| Q1 24 | 2.5% | -120.1% |
每股收益（稀释后）KALURIVN
| Q4 25 | $1.67 | $-0.66 | ||
| Q3 25 | $2.38 | $-0.96 | ||
| Q2 25 | $1.41 | $-0.97 | ||
| Q1 25 | $1.31 | $-0.48 | ||
| Q4 24 | $1.21 | $-0.67 | ||
| Q3 24 | $0.54 | $-1.08 | ||
| Q2 24 | $1.15 | $-1.46 | ||
| Q1 24 | $1.12 | $-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 | $7.0M | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $826.1M | $4.6B |
| 总资产 | $2.6B | $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KALURIVN
| Q4 25 | $7.0M | $6.1B | ||
| Q3 25 | $17.2M | $7.1B | ||
| Q2 25 | $13.1M | $7.5B | ||
| Q1 25 | $21.3M | $7.2B | ||
| Q4 24 | $18.4M | $7.7B | ||
| Q3 24 | $45.7M | $6.7B | ||
| Q2 24 | $70.4M | $7.9B | ||
| Q1 24 | $101.6M | $7.9B |
总债务KALURIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益KALURIVN
| Q4 25 | $826.1M | $4.6B | ||
| Q3 25 | $806.1M | $5.1B | ||
| Q2 25 | $776.0M | $6.1B | ||
| Q1 25 | $756.8M | $6.2B | ||
| Q4 24 | $743.1M | $6.6B | ||
| Q3 24 | $729.4M | $5.9B | ||
| Q2 24 | $727.6M | $6.8B | ||
| Q1 24 | $714.7M | $8.1B |
总资产KALURIVN
| Q4 25 | $2.6B | $14.9B | ||
| Q3 25 | $2.6B | $15.2B | ||
| Q2 25 | $2.5B | $15.6B | ||
| Q1 25 | $2.4B | $15.5B | ||
| Q4 24 | $2.4B | $15.4B | ||
| Q3 24 | $2.3B | $14.3B | ||
| Q2 24 | $2.3B | $15.4B | ||
| Q1 24 | $2.3B | $15.7B |
负债/权益比KALURIVN
| 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 | $-20.6M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $-51.1M | $-1.1B |
| 自由现金流率自由现金流/营收 | -5.5% | -89.0% |
| 资本支出强度资本支出/营收 | 3.3% | 36.0% |
| 现金转化率经营现金流/净利润 | -0.73× | — |
| 过去12个月自由现金流最近4个季度 | $-25.5M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流KALURIVN
| Q4 25 | $-20.6M | $-681.0M | ||
| Q3 25 | $59.1M | $26.0M | ||
| Q2 25 | $15.9M | $64.0M | ||
| Q1 25 | $57.0M | $-188.0M | ||
| Q4 24 | $43.4M | $1.2B | ||
| Q3 24 | $34.1M | $-876.0M | ||
| Q2 24 | $26.3M | $-754.0M | ||
| Q1 24 | $63.3M | $-1.3B |
自由现金流KALURIVN
| Q4 25 | $-51.1M | $-1.1B | ||
| Q3 25 | $34.5M | $-421.0M | ||
| Q2 25 | $-27.7M | $-398.0M | ||
| Q1 25 | $18.8M | $-526.0M | ||
| Q4 24 | $-12.6M | $856.0M | ||
| Q3 24 | $-17.0M | $-1.2B | ||
| Q2 24 | $-17.4M | $-1.0B | ||
| Q1 24 | $33.3M | $-1.5B |
自由现金流率KALURIVN
| Q4 25 | -5.5% | -89.0% | ||
| Q3 25 | 4.1% | -27.0% | ||
| Q2 25 | -3.4% | -30.5% | ||
| Q1 25 | 2.4% | -42.4% | ||
| Q4 24 | -1.6% | 49.4% | ||
| Q3 24 | -2.3% | -131.9% | ||
| Q2 24 | -2.2% | -89.6% | ||
| Q1 24 | 4.5% | -126.5% |
资本支出强度KALURIVN
| Q4 25 | 3.3% | 36.0% | ||
| Q3 25 | 2.9% | 28.7% | ||
| Q2 25 | 5.3% | 35.5% | ||
| Q1 25 | 4.9% | 27.3% | ||
| Q4 24 | 7.3% | 18.9% | ||
| Q3 24 | 6.8% | 31.7% | ||
| Q2 24 | 5.7% | 24.4% | ||
| Q1 24 | 4.1% | 21.1% |
现金转化率KALURIVN
| Q4 25 | -0.73× | — | ||
| Q3 25 | 1.50× | — | ||
| Q2 25 | 0.69× | — | ||
| Q1 25 | 2.64× | — | ||
| Q4 24 | 2.19× | — | ||
| Q3 24 | 3.88× | — | ||
| Q2 24 | 1.39× | — | ||
| Q1 24 | 3.48× | — |
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
KALU
| Packaging | $440.6M | 47% |
| Aero Hs Products | $213.0M | 23% |
| Transferred Over Time | $200.2M | 22% |
| Automotive Extrusions | $75.4M | 8% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
