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Lucid Group, Inc.（LCID）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
Lucid Group, Inc.的季度营收约是世纪互联的1.4倍（$522.7M vs $362.7M），世纪互联净利率更高（-10.7% vs -155.7%，领先145.1%），世纪互联自由现金流更多（$-193.1M vs $-1.2B），过去两年Lucid Group, Inc.的营收复合增速更高（74.0% vs 17.4%）
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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
LCID vs VNET — 直观对比
营收规模更大
LCID
是对方的1.4倍
$362.7M
净利率更高
VNET
高出145.1%
-155.7%
自由现金流更多
VNET
多$1.0B
$-1.2B
两年增速更快
LCID
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $522.7M | $362.7M |
| 净利润 | $-814.0M | $-38.7M |
| 毛利率 | -80.7% | 20.9% |
| 营业利润率 | -203.7% | 0.5% |
| 净利率 | -155.7% | -10.7% |
| 营收同比 | 122.9% | — |
| 净利润同比 | -104.9% | — |
| 每股收益（稀释后） | $-8.26 | — |
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LCIDVNET
| Q4 25 | $522.7M | — | ||
| Q3 25 | $336.6M | $362.7M | ||
| Q2 25 | $259.4M | — | ||
| Q1 25 | $235.0M | $309.5M | ||
| Q4 24 | $234.5M | — | ||
| Q3 24 | $200.0M | $302.2M | ||
| Q2 24 | $200.6M | $274.4M | ||
| Q1 24 | $172.7M | $262.9M |
净利润LCIDVNET
| Q4 25 | $-814.0M | — | ||
| Q3 25 | $-978.4M | $-38.7M | ||
| Q2 25 | $-539.4M | — | ||
| Q1 25 | $-366.2M | $-2.4M | ||
| Q4 24 | $-397.2M | — | ||
| Q3 24 | $-992.5M | $-2.1M | ||
| Q2 24 | $-643.4M | $-1.1M | ||
| Q1 24 | $-680.9M | $-22.0M |
毛利率LCIDVNET
| Q4 25 | -80.7% | — | ||
| Q3 25 | -99.1% | 20.9% | ||
| Q2 25 | -105.0% | — | ||
| Q1 25 | -97.2% | 25.2% | ||
| Q4 24 | -89.0% | — | ||
| Q3 24 | -106.2% | 23.2% | ||
| Q2 24 | -134.5% | 21.3% | ||
| Q1 24 | -134.3% | 21.6% |
营业利润率LCIDVNET
| Q4 25 | -203.7% | — | ||
| Q3 25 | -279.9% | 0.5% | ||
| Q2 25 | -309.5% | — | ||
| Q1 25 | -294.4% | 0.1% | ||
| Q4 24 | -312.6% | — | ||
| Q3 24 | -385.2% | 24.5% | ||
| Q2 24 | -392.6% | 0.2% | ||
| Q1 24 | -422.6% | 0.2% |
净利率LCIDVNET
| Q4 25 | -155.7% | — | ||
| Q3 25 | -290.7% | -10.7% | ||
| Q2 25 | -207.9% | — | ||
| Q1 25 | -155.8% | -0.8% | ||
| Q4 24 | -169.4% | — | ||
| Q3 24 | -496.1% | -0.7% | ||
| Q2 24 | -320.8% | -0.4% | ||
| Q1 24 | -394.2% | -8.4% |
每股收益（稀释后）LCIDVNET
| Q4 25 | $-8.26 | — | ||
| Q3 25 | $-3.31 | — | ||
| Q2 25 | $-0.28 | — | ||
| Q1 25 | $-0.24 | — | ||
| Q4 24 | $-0.20 | — | ||
| Q3 24 | $-0.41 | — | ||
| Q2 24 | $-0.34 | — | ||
| Q1 24 | $-0.30 | — |
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 | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $717.3M | $890.8M |
| 总资产 | $8.4B | $6.1B |
| 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LCIDVNET
| Q4 25 | $1.6B | — | ||
| Q3 25 | $2.3B | $492.1M | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $3.6B | $544.3M | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $3.5B | $219.5M | ||
| Q2 24 | $3.2B | $247.2M | ||
| Q1 24 | $4.0B | $246.9M |
总债务LCIDVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LCIDVNET
| Q4 25 | $717.3M | — | ||
| Q3 25 | $1.8B | $890.8M | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $3.2B | $927.8M | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $2.7B | $902.9M | ||
| Q2 24 | $3.5B | $900.6M | ||
| Q1 24 | $4.2B | $895.1M |
总资产LCIDVNET
| Q4 25 | $8.4B | — | ||
| Q3 25 | $8.8B | $6.1B | ||
| Q2 25 | $8.9B | — | ||
| Q1 25 | $9.2B | $5.4B | ||
| Q4 24 | $9.6B | — | ||
| Q3 24 | $8.5B | $4.3B | ||
| Q2 24 | $8.2B | $4.0B | ||
| Q1 24 | $8.9B | $3.9B |
负债/权益比LCIDVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-1.2B | $-193.1M |
| 自由现金流率自由现金流/营收 | -237.6% | -53.2% |
| 资本支出强度资本支出/营收 | 62.3% | 84.6% |
| 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 | $-589.7M |
8季度趋势，按日历期对齐
经营现金流LCIDVNET
| Q4 25 | $-916.4M | — | ||
| Q3 25 | $-756.6M | $113.8M | ||
| Q2 25 | $-830.2M | — | ||
| Q1 25 | $-428.6M | $27.0M | ||
| Q4 24 | $-533.1M | — | ||
| Q3 24 | $-462.8M | $108.3M | ||
| Q2 24 | $-507.0M | $55.8M | ||
| Q1 24 | $-516.7M | $37.1M |
自由现金流LCIDVNET
| Q4 25 | $-1.2B | — | ||
| Q3 25 | $-955.5M | $-193.1M | ||
| Q2 25 | $-1.0B | — | ||
| Q1 25 | $-589.9M | $-220.0M | ||
| Q4 24 | $-824.8M | — | ||
| Q3 24 | $-622.5M | $-95.0M | ||
| Q2 24 | $-741.3M | $-81.6M | ||
| Q1 24 | $-714.9M | $-102.2M |
自由现金流率LCIDVNET
| Q4 25 | -237.6% | — | ||
| Q3 25 | -283.9% | -53.2% | ||
| Q2 25 | -390.4% | — | ||
| Q1 25 | -251.0% | -71.1% | ||
| Q4 24 | -351.8% | — | ||
| Q3 24 | -311.2% | -31.4% | ||
| Q2 24 | -369.6% | -29.8% | ||
| Q1 24 | -413.9% | -38.9% |
资本支出强度LCIDVNET
| Q4 25 | 62.3% | — | ||
| Q3 25 | 59.1% | 84.6% | ||
| Q2 25 | 70.4% | — | ||
| Q1 25 | 68.6% | 79.8% | ||
| Q4 24 | 124.4% | — | ||
| Q3 24 | 79.8% | 67.3% | ||
| Q2 24 | 116.8% | 50.1% | ||
| Q1 24 | 114.7% | 53.0% |
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% |
VNET
暂无分部数据
