vs
Lucid Group, Inc.（LCID）与蔚来（NIO）财务数据对比。点击上方公司名可切换其他公司
蔚来的季度营收约是Lucid Group, Inc.的9.0倍（$4.7B vs $522.7M）。蔚来净利率更高（0.8% vs -155.7%，领先156.5%）。蔚来自由现金流更多（$-439.4M vs $-1.2B）
Lucid Group, Inc.是总部位于美国加利福尼亚州纽瓦克的汽车科技企业，专注于电动汽车制造及先进电动汽车动力系统供应。2021年9月，公司在亚利桑那州卡萨格兰德的工厂开始生产Lucid Air豪华轿车，第二款车型Lucid Gravity SUV于2024年12月投产，同时也为阿斯顿·马丁等其他车企供应和研发动力总成技术。
蔚来是中国本土新能源汽车制造商，总部位于上海，2014年成立，2016年正式启用现有品牌名称。公司专注于智能电动汽车的研发、设计与销售，产品覆盖轿车、SUV等多个品类，近年已将业务拓展至智能手机研发领域。
LCID vs NIO — 直观对比
营收规模更大
NIO
是对方的9.0倍
$522.7M
净利率更高
NIO
高出156.5%
-155.7%
自由现金流更多
NIO
多$802.5M
$-1.2B
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $522.7M | $4.7B |
| 净利润 | $-814.0M | $38.7M |
| 毛利率 | -80.7% | 17.5% |
| 营业利润率 | -203.7% | 1.5% |
| 净利率 | -155.7% | 0.8% |
| 营收同比 | 122.9% | — |
| 净利润同比 | -104.9% | — |
| 每股收益（稀释后） | $-8.26 | $0.05 |
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LCIDNIO
| Q1 26 | — | $4.7B | ||
| Q4 25 | $522.7M | — | ||
| Q3 25 | $336.6M | $3.0B | ||
| Q2 25 | $259.4M | $2.6B | ||
| Q1 25 | $235.0M | $2.7B | ||
| Q4 24 | $234.5M | — | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $200.6M | — |
净利润LCIDNIO
| Q1 26 | — | $38.7M | ||
| Q4 25 | $-814.0M | — | ||
| Q3 25 | $-978.4M | $-505.2M | ||
| Q2 25 | $-539.4M | $-709.5M | ||
| Q1 25 | $-366.2M | $-984.2M | ||
| Q4 24 | $-397.2M | — | ||
| Q3 24 | $-992.5M | — | ||
| Q2 24 | $-643.4M | — |
毛利率LCIDNIO
| Q1 26 | — | 17.5% | ||
| Q4 25 | -80.7% | — | ||
| Q3 25 | -99.1% | 13.9% | ||
| Q2 25 | -105.0% | 10.0% | ||
| Q1 25 | -97.2% | 11.7% | ||
| Q4 24 | -89.0% | — | ||
| Q3 24 | -106.2% | — | ||
| Q2 24 | -134.5% | — |
营业利润率LCIDNIO
| Q1 26 | — | 1.5% | ||
| Q4 25 | -203.7% | — | ||
| Q3 25 | -279.9% | -16.2% | ||
| Q2 25 | -309.5% | -25.8% | ||
| Q1 25 | -294.4% | -30.6% | ||
| Q4 24 | -312.6% | — | ||
| Q3 24 | -385.2% | — | ||
| Q2 24 | -392.6% | — |
净利率LCIDNIO
| Q1 26 | — | 0.8% | ||
| Q4 25 | -155.7% | — | ||
| Q3 25 | -290.7% | -16.8% | ||
| Q2 25 | -207.9% | -27.0% | ||
| Q1 25 | -155.8% | -36.2% | ||
| Q4 24 | -169.4% | — | ||
| Q3 24 | -496.1% | — | ||
| Q2 24 | -320.8% | — |
每股收益（稀释后）LCIDNIO
| Q1 26 | — | $0.05 | ||
| Q4 25 | $-8.26 | — | ||
| Q3 25 | $-3.31 | $-1.51 | ||
| Q2 25 | $-0.28 | $-2.31 | ||
| Q1 25 | $-0.24 | $-3.47 | ||
| Q4 24 | $-0.20 | — | ||
| Q3 24 | $-0.41 | — | ||
| Q2 24 | $-0.34 | — |
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 | $4.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $717.3M | $594.8M |
| 总资产 | $8.4B | $17.8B |
| 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LCIDNIO
| Q1 26 | — | $4.4B | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.8B | $2.5B | ||
| Q1 25 | $3.6B | $4.6B | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.2B | — |
股东权益LCIDNIO
| Q1 26 | — | $594.8M | ||
| Q4 25 | $717.3M | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $2.4B | $-168.3M | ||
| Q1 25 | $3.2B | $817.5M | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $3.5B | — |
总资产LCIDNIO
| Q1 26 | — | $17.8B | ||
| Q4 25 | $8.4B | — | ||
| Q3 25 | $8.8B | — | ||
| Q2 25 | $8.9B | $14.0B | ||
| Q1 25 | $9.2B | $14.7B | ||
| Q4 24 | $9.6B | — | ||
| Q3 24 | $8.5B | — | ||
| Q2 24 | $8.2B | — |
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 | $-916.4M | $427.9M |
| 自由现金流经营现金流 - 资本支出 | $-1.2B | $-439.4M |
| 自由现金流率自由现金流/营收 | -237.6% | -9.3% |
| 资本支出强度资本支出/营收 | 62.3% | 18.4% |
| 现金转化率经营现金流/净利润 | — | 11.07× |
| 过去12个月自由现金流最近4个季度 | $-3.8B | — |
8季度趋势，按日历期对齐
经营现金流LCIDNIO
| Q1 26 | — | $427.9M | ||
| Q4 25 | $-916.4M | — | ||
| Q3 25 | $-756.6M | — | ||
| Q2 25 | $-830.2M | — | ||
| Q1 25 | $-428.6M | $-1.1B | ||
| Q4 24 | $-533.1M | — | ||
| Q3 24 | $-462.8M | — | ||
| Q2 24 | $-507.0M | — |
自由现金流LCIDNIO
| Q1 26 | — | $-439.4M | ||
| Q4 25 | $-1.2B | — | ||
| Q3 25 | $-955.5M | — | ||
| Q2 25 | $-1.0B | — | ||
| Q1 25 | $-589.9M | $-2.3B | ||
| Q4 24 | $-824.8M | — | ||
| Q3 24 | $-622.5M | — | ||
| Q2 24 | $-741.3M | — |
自由现金流率LCIDNIO
| Q1 26 | — | -9.3% | ||
| Q4 25 | -237.6% | — | ||
| Q3 25 | -283.9% | — | ||
| Q2 25 | -390.4% | — | ||
| Q1 25 | -251.0% | -85.6% | ||
| Q4 24 | -351.8% | — | ||
| Q3 24 | -311.2% | — | ||
| Q2 24 | -369.6% | — |
资本支出强度LCIDNIO
| Q1 26 | — | 18.4% | ||
| Q4 25 | 62.3% | — | ||
| Q3 25 | 59.1% | — | ||
| Q2 25 | 70.4% | — | ||
| Q1 25 | 68.6% | 46.1% | ||
| Q4 24 | 124.4% | — | ||
| Q3 24 | 79.8% | — | ||
| Q2 24 | 116.8% | — |
现金转化率LCIDNIO
| Q1 26 | — | 11.07× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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
LCID
| LCNRV | $287.2M | 55% |
| Other | $80.4M | 15% |
| Related Party | $74.4M | 14% |
| Regulatory Credits | $34.2M | 7% |
| Warranty Provision | $26.2M | 5% |
| Sale And Leaseback Transactions | $15.2M | 3% |
| Other International | $5.0M | 1% |
NIO
暂无分部数据
