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蓝威斯顿（LW）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
蓝威斯顿的季度营收约是Rivian Automotive, Inc.的1.2倍（$1.6B vs $1.3B），蓝威斯顿净利率更高（3.5% vs -63.1%，领先66.5%），蓝威斯顿同比增速更快（2.9% vs -25.8%），蓝威斯顿自由现金流更多（$-36.3M vs $-1.1B），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs -1.5%）
蓝威斯顿控股是美国食品加工企业，为全球规模最大的冷冻薯条、华夫薯条及其他冷冻马铃薯制品的生产商与加工商之一，总部坐落于爱达荷州博伊西市郊的伊格尔市。
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。
LW vs RIVN — 直观对比
营收规模更大
LW
是对方的1.2倍
$1.3B
营收增速更快
LW
高出28.7%
-25.8%
净利率更高
LW
高出66.5%
-63.1%
自由现金流更多
LW
多$1.1B
$-1.1B
两年增速更快
RIVN
近两年复合增速
-1.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.3B |
| 净利润 | $54.0M | $-811.0M |
| 毛利率 | 21.2% | 9.3% |
| 营业利润率 | 8.1% | -64.8% |
| 净利率 | 3.5% | -63.1% |
| 营收同比 | 2.9% | -25.8% |
| 净利润同比 | -63.0% | -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LWRIVN
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.7B | $874.0M | ||
| Q2 24 | $1.6B | $1.2B |
净利润LWRIVN
| Q1 26 | $54.0M | — | ||
| Q4 25 | $62.1M | $-811.0M | ||
| Q3 25 | $64.3M | $-1.2B | ||
| Q2 25 | $119.9M | $-1.1B | ||
| Q1 25 | $146.0M | $-545.0M | ||
| Q4 24 | $-36.1M | $-744.0M | ||
| Q3 24 | $127.4M | $-1.1B | ||
| Q2 24 | $129.6M | $-1.5B |
毛利率LWRIVN
| Q1 26 | 21.2% | — | ||
| Q4 25 | 20.0% | 9.3% | ||
| Q3 25 | 20.6% | 1.5% | ||
| Q2 25 | 20.4% | -15.8% | ||
| Q1 25 | 27.8% | 16.6% | ||
| Q4 24 | 17.4% | 9.8% | ||
| Q3 24 | 21.5% | -44.9% | ||
| Q2 24 | 24.1% | -38.9% |
营业利润率LWRIVN
| Q1 26 | 8.1% | — | ||
| Q4 25 | 8.6% | -64.8% | ||
| Q3 25 | 9.4% | -63.1% | ||
| Q2 25 | 11.1% | -85.5% | ||
| Q1 25 | 16.4% | -52.8% | ||
| Q4 24 | 1.2% | -38.1% | ||
| Q3 24 | 12.8% | -133.8% | ||
| Q2 24 | 13.2% | -118.7% |
净利率LWRIVN
| Q1 26 | 3.5% | — | ||
| Q4 25 | 3.8% | -63.1% | ||
| Q3 25 | 3.9% | -75.3% | ||
| Q2 25 | 7.2% | -85.7% | ||
| Q1 25 | 9.6% | -44.0% | ||
| Q4 24 | -2.3% | -42.9% | ||
| Q3 24 | 7.7% | -125.9% | ||
| Q2 24 | 8.0% | -125.8% |
每股收益（稀释后）LWRIVN
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.44 | $-0.66 | ||
| Q3 25 | $0.46 | $-0.96 | ||
| Q2 25 | $0.84 | $-0.97 | ||
| Q1 25 | $1.03 | $-0.48 | ||
| Q4 24 | $-0.25 | $-0.67 | ||
| Q3 24 | $0.88 | $-1.08 | ||
| Q2 24 | $0.89 | $-1.46 |
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 | $57.5M | $6.1B |
| 总债务越低越好 | $3.6B | — |
| 股东权益账面价值 | $1.8B | $4.6B |
| 总资产 | $7.4B | $14.9B |
| 负债/权益比越低杠杆越低 | 1.99× | — |
8季度趋势，按日历期对齐
现金及短期投资LWRIVN
| Q1 26 | $57.5M | — | ||
| Q4 25 | $82.7M | $6.1B | ||
| Q3 25 | $98.6M | $7.1B | ||
| Q2 25 | $70.7M | $7.5B | ||
| Q1 25 | $67.5M | $7.2B | ||
| Q4 24 | $79.0M | $7.7B | ||
| Q3 24 | $120.8M | $6.7B | ||
| Q2 24 | $71.4M | $7.9B |
总债务LWRIVN
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.4B | — | ||
| Q2 24 | $3.4B | $5.5B |
股东权益LWRIVN
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $4.6B | ||
| Q3 25 | $1.8B | $5.1B | ||
| Q2 25 | $1.7B | $6.1B | ||
| Q1 25 | $1.6B | $6.2B | ||
| Q4 24 | $1.6B | $6.6B | ||
| Q3 24 | $1.8B | $5.9B | ||
| Q2 24 | $1.8B | $6.8B |
总资产LWRIVN
| Q1 26 | $7.4B | — | ||
| Q4 25 | $7.3B | $14.9B | ||
| Q3 25 | $7.2B | $15.2B | ||
| Q2 25 | $7.4B | $15.6B | ||
| Q1 25 | $7.4B | $15.5B | ||
| Q4 24 | $7.5B | $15.4B | ||
| Q3 24 | $7.5B | $14.3B | ||
| Q2 24 | $7.4B | $15.4B |
负债/权益比LWRIVN
| Q1 26 | 1.99× | — | ||
| Q4 25 | 2.08× | — | ||
| Q3 25 | 2.05× | — | ||
| Q2 25 | 2.12× | — | ||
| Q1 25 | 2.25× | — | ||
| Q4 24 | 2.26× | — | ||
| Q3 24 | 1.87× | — | ||
| Q2 24 | 1.92× | 0.81× |
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 | $65.2M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $-36.3M | $-1.1B |
| 自由现金流率自由现金流/营收 | -2.3% | -89.0% |
| 资本支出强度资本支出/营收 | 6.5% | 36.0% |
| 现金转化率经营现金流/净利润 | 1.21× | — |
| 过去12个月自由现金流最近4个季度 | $569.2M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流LWRIVN
| Q1 26 | $65.2M | — | ||
| Q4 25 | $178.4M | $-681.0M | ||
| Q3 25 | $352.0M | $26.0M | ||
| Q2 25 | $868.3M | $64.0M | ||
| Q1 25 | $56.0M | $-188.0M | ||
| Q4 24 | $99.1M | $1.2B | ||
| Q3 24 | $330.2M | $-876.0M | ||
| Q2 24 | $798.2M | $-754.0M |
自由现金流LWRIVN
| Q1 26 | $-36.3M | — | ||
| Q4 25 | $101.0M | $-1.1B | ||
| Q3 25 | $274.4M | $-421.0M | ||
| Q2 25 | $230.1M | $-398.0M | ||
| Q1 25 | $-19.8M | $-526.0M | ||
| Q4 24 | $-49.6M | $856.0M | ||
| Q3 24 | $4.3M | $-1.2B | ||
| Q2 24 | $-131.3M | $-1.0B |
自由现金流率LWRIVN
| Q1 26 | -2.3% | — | ||
| Q4 25 | 6.2% | -89.0% | ||
| Q3 25 | 16.5% | -27.0% | ||
| Q2 25 | 13.7% | -30.5% | ||
| Q1 25 | -1.3% | -42.4% | ||
| Q4 24 | -3.1% | 49.4% | ||
| Q3 24 | 0.3% | -131.9% | ||
| Q2 24 | -8.1% | -89.6% |
资本支出强度LWRIVN
| Q1 26 | 6.5% | — | ||
| Q4 25 | 4.8% | 36.0% | ||
| Q3 25 | 4.7% | 28.7% | ||
| Q2 25 | 38.1% | 35.5% | ||
| Q1 25 | 5.0% | 27.3% | ||
| Q4 24 | 9.3% | 18.9% | ||
| Q3 24 | 19.7% | 31.7% | ||
| Q2 24 | 57.7% | 24.4% |
现金转化率LWRIVN
| Q1 26 | 1.21× | — | ||
| Q4 25 | 2.87× | — | ||
| Q3 25 | 5.47× | — | ||
| Q2 25 | 7.24× | — | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.59× | — | ||
| Q2 24 | 6.16× | — |
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
LW
| Segments North America | $1.0B | 66% |
| Segments International | $529.8M | 34% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
