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Lucid Group, Inc.（LCID）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Lucid Group, Inc.的2.5倍（$1.3B vs $522.7M）。Rivian Automotive, Inc.净利率更高（-63.1% vs -155.7%，领先92.7%）。Lucid Group, Inc.同比增速更快（122.9% vs -25.8%）。Rivian Automotive, Inc.自由现金流更多（$-1.1B vs $-1.2B）。过去两年Lucid Group, Inc.的营收复合增速更高（74.0% vs 3.3%）
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。
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。
LCID vs RIVN — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $522.7M | $1.3B |
| 净利润 | $-814.0M | $-811.0M |
| 毛利率 | -80.7% | 9.3% |
| 营业利润率 | -203.7% | -64.8% |
| 净利率 | -155.7% | -63.1% |
| 营收同比 | 122.9% | -25.8% |
| 净利润同比 | -104.9% | -9.0% |
| 每股收益（稀释后） | $-8.26 | $-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
| Q4 25 | $522.7M | $1.3B | ||
| Q3 25 | $336.6M | $1.6B | ||
| Q2 25 | $259.4M | $1.3B | ||
| Q1 25 | $235.0M | $1.2B | ||
| Q4 24 | $234.5M | $1.7B | ||
| Q3 24 | $200.0M | $874.0M | ||
| Q2 24 | $200.6M | $1.2B | ||
| Q1 24 | $172.7M | $1.2B |
| Q4 25 | $-814.0M | $-811.0M | ||
| Q3 25 | $-978.4M | $-1.2B | ||
| Q2 25 | $-539.4M | $-1.1B | ||
| Q1 25 | $-366.2M | $-545.0M | ||
| Q4 24 | $-397.2M | $-744.0M | ||
| Q3 24 | $-992.5M | $-1.1B | ||
| Q2 24 | $-643.4M | $-1.5B | ||
| Q1 24 | $-680.9M | $-1.4B |
| Q4 25 | -80.7% | 9.3% | ||
| Q3 25 | -99.1% | 1.5% | ||
| Q2 25 | -105.0% | -15.8% | ||
| Q1 25 | -97.2% | 16.6% | ||
| Q4 24 | -89.0% | 9.8% | ||
| Q3 24 | -106.2% | -44.9% | ||
| Q2 24 | -134.5% | -38.9% | ||
| Q1 24 | -134.3% | -43.8% |
| Q4 25 | -203.7% | -64.8% | ||
| Q3 25 | -279.9% | -63.1% | ||
| Q2 25 | -309.5% | -85.5% | ||
| Q1 25 | -294.4% | -52.8% | ||
| Q4 24 | -312.6% | -38.1% | ||
| Q3 24 | -385.2% | -133.8% | ||
| Q2 24 | -392.6% | -118.7% | ||
| Q1 24 | -422.6% | -123.3% |
| Q4 25 | -155.7% | -63.1% | ||
| Q3 25 | -290.7% | -75.3% | ||
| Q2 25 | -207.9% | -85.7% | ||
| Q1 25 | -155.8% | -44.0% | ||
| Q4 24 | -169.4% | -42.9% | ||
| Q3 24 | -496.1% | -125.9% | ||
| Q2 24 | -320.8% | -125.8% | ||
| Q1 24 | -394.2% | -120.1% |
| Q4 25 | $-8.26 | $-0.66 | ||
| Q3 25 | $-3.31 | $-0.96 | ||
| Q2 25 | $-0.28 | $-0.97 | ||
| Q1 25 | $-0.24 | $-0.48 | ||
| Q4 24 | $-0.20 | $-0.67 | ||
| Q3 24 | $-0.41 | $-1.08 | ||
| Q2 24 | $-0.34 | $-1.46 | ||
| Q1 24 | $-0.30 | $-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 | $717.3M | $4.6B |
| 总资产 | $8.4B | $14.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $1.6B | $6.1B | ||
| Q3 25 | $2.3B | $7.1B | ||
| Q2 25 | $2.8B | $7.5B | ||
| Q1 25 | $3.6B | $7.2B | ||
| Q4 24 | $4.0B | $7.7B | ||
| Q3 24 | $3.5B | $6.7B | ||
| Q2 24 | $3.2B | $7.9B | ||
| Q1 24 | $4.0B | $7.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | $717.3M | $4.6B | ||
| Q3 25 | $1.8B | $5.1B | ||
| Q2 25 | $2.4B | $6.1B | ||
| Q1 25 | $3.2B | $6.2B | ||
| Q4 24 | $3.9B | $6.6B | ||
| Q3 24 | $2.7B | $5.9B | ||
| Q2 24 | $3.5B | $6.8B | ||
| Q1 24 | $4.2B | $8.1B |
| Q4 25 | $8.4B | $14.9B | ||
| Q3 25 | $8.8B | $15.2B | ||
| Q2 25 | $8.9B | $15.6B | ||
| Q1 25 | $9.2B | $15.5B | ||
| Q4 24 | $9.6B | $15.4B | ||
| Q3 24 | $8.5B | $14.3B | ||
| Q2 24 | $8.2B | $15.4B | ||
| Q1 24 | $8.9B | $15.7B |
| 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 | $-916.4M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.2B | $-1.1B |
| 自由现金流率自由现金流/营收 | -237.6% | -89.0% |
| 资本支出强度资本支出/营收 | 62.3% | 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 | $-3.8B | $-2.5B |
8季度趋势，按日历期对齐
| Q4 25 | $-916.4M | $-681.0M | ||
| Q3 25 | $-756.6M | $26.0M | ||
| Q2 25 | $-830.2M | $64.0M | ||
| Q1 25 | $-428.6M | $-188.0M | ||
| Q4 24 | $-533.1M | $1.2B | ||
| Q3 24 | $-462.8M | $-876.0M | ||
| Q2 24 | $-507.0M | $-754.0M | ||
| Q1 24 | $-516.7M | $-1.3B |
| Q4 25 | $-1.2B | $-1.1B | ||
| Q3 25 | $-955.5M | $-421.0M | ||
| Q2 25 | $-1.0B | $-398.0M | ||
| Q1 25 | $-589.9M | $-526.0M | ||
| Q4 24 | $-824.8M | $856.0M | ||
| Q3 24 | $-622.5M | $-1.2B | ||
| Q2 24 | $-741.3M | $-1.0B | ||
| Q1 24 | $-714.9M | $-1.5B |
| Q4 25 | -237.6% | -89.0% | ||
| Q3 25 | -283.9% | -27.0% | ||
| Q2 25 | -390.4% | -30.5% | ||
| Q1 25 | -251.0% | -42.4% | ||
| Q4 24 | -351.8% | 49.4% | ||
| Q3 24 | -311.2% | -131.9% | ||
| Q2 24 | -369.6% | -89.6% | ||
| Q1 24 | -413.9% | -126.5% |
| Q4 25 | 62.3% | 36.0% | ||
| Q3 25 | 59.1% | 28.7% | ||
| Q2 25 | 70.4% | 35.5% | ||
| Q1 25 | 68.6% | 27.3% | ||
| Q4 24 | 124.4% | 18.9% | ||
| Q3 24 | 79.8% | 31.7% | ||
| Q2 24 | 116.8% | 24.4% | ||
| Q1 24 | 114.7% | 21.1% |
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% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
