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李维斯（LEVI）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
李维斯的季度营收约是Rivian Automotive, Inc.的1.4倍（$1.8B vs $1.3B），李维斯净利率更高（8.9% vs -63.1%，领先72.0%），李维斯同比增速更快（-4.0% vs -25.8%），李维斯自由现金流更多（$215.7M vs $-1.1B），过去两年李维斯的营收复合增速更高（6.5% vs 3.3%）
李维斯（Levi Strauss & Co.）是全球知名的美国服饰企业，凭借旗下Levi's品牌丹宁牛仔裤享誉全球。公司创立于1853年5月，由德裔犹太移民李维·斯特劳斯在旧金山成立，注册地为特拉华州，总部设在旧金山李维斯广场。
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。
LEVI vs RIVN — 直观对比
营收规模更大
LEVI
是对方的1.4倍
$1.3B
营收增速更快
LEVI
高出21.8%
-25.8%
净利率更高
LEVI
高出72.0%
-63.1%
自由现金流更多
LEVI
多$1.4B
$-1.1B
两年增速更快
LEVI
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.3B |
| 净利润 | $158.0M | $-811.0M |
| 毛利率 | 60.8% | 9.3% |
| 营业利润率 | 11.9% | -64.8% |
| 净利率 | 8.9% | -63.1% |
| 营收同比 | -4.0% | -25.8% |
| 净利润同比 | -13.4% | -9.0% |
| 每股收益（稀释后） | $0.39 | $-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LEVIRIVN
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.5B | $874.0M | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.6B | $1.2B |
净利润LEVIRIVN
| Q4 25 | $158.0M | $-811.0M | ||
| Q3 25 | $218.1M | $-1.2B | ||
| Q2 25 | $67.0M | $-1.1B | ||
| Q1 25 | $135.0M | $-545.0M | ||
| Q4 24 | $182.5M | $-744.0M | ||
| Q3 24 | $20.7M | $-1.1B | ||
| Q2 24 | $18.0M | $-1.5B | ||
| Q1 24 | $-10.6M | $-1.4B |
毛利率LEVIRIVN
| Q4 25 | 60.8% | 9.3% | ||
| Q3 25 | 61.7% | 1.5% | ||
| Q2 25 | 62.6% | -15.8% | ||
| Q1 25 | 62.1% | 16.6% | ||
| Q4 24 | 61.3% | 9.8% | ||
| Q3 24 | 60.0% | -44.9% | ||
| Q2 24 | 60.5% | -38.9% | ||
| Q1 24 | 58.2% | -43.8% |
营业利润率LEVIRIVN
| Q4 25 | 11.9% | -64.8% | ||
| Q3 25 | 10.8% | -63.1% | ||
| Q2 25 | 7.5% | -85.5% | ||
| Q1 25 | 12.5% | -52.8% | ||
| Q4 24 | 11.5% | -38.1% | ||
| Q3 24 | 2.0% | -133.8% | ||
| Q2 24 | 1.5% | -118.7% | ||
| Q1 24 | -0.0% | -123.3% |
净利率LEVIRIVN
| Q4 25 | 8.9% | -63.1% | ||
| Q3 25 | 14.1% | -75.3% | ||
| Q2 25 | 4.6% | -85.7% | ||
| Q1 25 | 8.8% | -44.0% | ||
| Q4 24 | 9.9% | -42.9% | ||
| Q3 24 | 1.4% | -125.9% | ||
| Q2 24 | 1.2% | -125.8% | ||
| Q1 24 | -0.7% | -120.1% |
每股收益（稀释后）LEVIRIVN
| Q4 25 | $0.39 | $-0.66 | ||
| Q3 25 | $0.55 | $-0.96 | ||
| Q2 25 | $0.17 | $-0.97 | ||
| Q1 25 | $0.34 | $-0.48 | ||
| Q4 24 | $0.46 | $-0.67 | ||
| Q3 24 | $0.05 | $-1.08 | ||
| Q2 24 | $0.04 | $-1.46 | ||
| Q1 24 | $-0.03 | $-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 | $848.8M | $6.1B |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $2.3B | $4.6B |
| 总资产 | $6.8B | $14.9B |
| 负债/权益比越低杠杆越低 | 0.46× | — |
8季度趋势，按日历期对齐
现金及短期投资LEVIRIVN
| Q4 25 | $848.8M | $6.1B | ||
| Q3 25 | $707.5M | $7.1B | ||
| Q2 25 | $736.7M | $7.5B | ||
| Q1 25 | $574.4M | $7.2B | ||
| Q4 24 | $690.0M | $7.7B | ||
| Q3 24 | $577.1M | $6.7B | ||
| Q2 24 | $641.4M | $7.9B | ||
| Q1 24 | $516.7M | $7.9B |
总债务LEVIRIVN
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $987.4M | — | ||
| Q4 24 | $994.0M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | $5.5B | ||
| Q1 24 | $1.0B | $4.4B |
股东权益LEVIRIVN
| Q4 25 | $2.3B | $4.6B | ||
| Q3 25 | $2.2B | $5.1B | ||
| Q2 25 | $2.1B | $6.1B | ||
| Q1 25 | $2.0B | $6.2B | ||
| Q4 24 | $2.0B | $6.6B | ||
| Q3 24 | $1.9B | $5.9B | ||
| Q2 24 | $2.0B | $6.8B | ||
| Q1 24 | $2.0B | $8.1B |
总资产LEVIRIVN
| Q4 25 | $6.8B | $14.9B | ||
| Q3 25 | $6.7B | $15.2B | ||
| Q2 25 | $6.5B | $15.6B | ||
| Q1 25 | $6.2B | $15.5B | ||
| Q4 24 | $6.4B | $15.4B | ||
| Q3 24 | $6.3B | $14.3B | ||
| Q2 24 | $6.2B | $15.4B | ||
| Q1 24 | $6.0B | $15.7B |
负债/权益比LEVIRIVN
| Q4 25 | 0.46× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.49× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.51× | 0.81× | ||
| Q1 24 | 0.51× | 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 | $266.8M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $215.7M | $-1.1B |
| 自由现金流率自由现金流/营收 | 12.2% | -89.0% |
| 资本支出强度资本支出/营收 | 2.9% | 36.0% |
| 现金转化率经营现金流/净利润 | 1.69× | — |
| 过去12个月自由现金流最近4个季度 | $308.2M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流LEVIRIVN
| Q4 25 | $266.8M | $-681.0M | ||
| Q3 25 | $24.8M | $26.0M | ||
| Q2 25 | $185.5M | $64.0M | ||
| Q1 25 | $52.5M | $-188.0M | ||
| Q4 24 | $297.3M | $1.2B | ||
| Q3 24 | $52.3M | $-876.0M | ||
| Q2 24 | $262.8M | $-754.0M | ||
| Q1 24 | $286.0M | $-1.3B |
自由现金流LEVIRIVN
| Q4 25 | $215.7M | $-1.1B | ||
| Q3 25 | $-39.4M | $-421.0M | ||
| Q2 25 | $146.0M | $-398.0M | ||
| Q1 25 | $-14.1M | $-526.0M | ||
| Q4 24 | $231.6M | $856.0M | ||
| Q3 24 | $2.3M | $-1.2B | ||
| Q2 24 | $222.6M | $-1.0B | ||
| Q1 24 | $214.4M | $-1.5B |
自由现金流率LEVIRIVN
| Q4 25 | 12.2% | -89.0% | ||
| Q3 25 | -2.6% | -27.0% | ||
| Q2 25 | 10.1% | -30.5% | ||
| Q1 25 | -0.9% | -42.4% | ||
| Q4 24 | 12.6% | 49.4% | ||
| Q3 24 | 0.2% | -131.9% | ||
| Q2 24 | 15.4% | -89.6% | ||
| Q1 24 | 13.8% | -126.5% |
资本支出强度LEVIRIVN
| Q4 25 | 2.9% | 36.0% | ||
| Q3 25 | 4.2% | 28.7% | ||
| Q2 25 | 2.7% | 35.5% | ||
| Q1 25 | 4.4% | 27.3% | ||
| Q4 24 | 3.6% | 18.9% | ||
| Q3 24 | 3.3% | 31.7% | ||
| Q2 24 | 2.8% | 24.4% | ||
| Q1 24 | 4.6% | 21.1% |
现金转化率LEVIRIVN
| Q4 25 | 1.69× | — | ||
| Q3 25 | 0.11× | — | ||
| Q2 25 | 2.77× | — | ||
| Q1 25 | 0.39× | — | ||
| Q4 24 | 1.63× | — | ||
| Q3 24 | 2.53× | — | ||
| Q2 24 | 14.60× | — | ||
| Q1 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
LEVI
| Other | $760.3M | 43% |
| Sales Channel Through Intermediary | $583.2M | 33% |
| Sales Channel Directly To Consumer | $376.0M | 21% |
| Beyond Yoga | $46.3M | 3% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
