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玛斯特锁（MBC）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.的季度营收约是玛斯特锁的2.0倍（$1.3B vs $644.6M），玛斯特锁净利率更高（-6.5% vs -63.1%，领先56.5%），玛斯特锁同比增速更快（-3.5% vs -25.8%），玛斯特锁自由现金流更多（$52.5M vs $-1.1B），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs 0.5%）
玛斯特锁是美国知名安防产品供应商，1921年由锁匠发明家哈里·索雷夫创立，总部位于威斯康星州奥克里克，主营挂锁、密码锁、保险箱及相关安防产品，现为富俊创新集团旗下子公司，在全球安防锁具领域拥有较高的市场认可度。
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。
MBC vs RIVN — 直观对比
营收规模更大
RIVN
是对方的2.0倍
$644.6M
营收增速更快
MBC
高出22.4%
-25.8%
净利率更高
MBC
高出56.5%
-63.1%
自由现金流更多
MBC
多$1.2B
$-1.1B
两年增速更快
RIVN
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $644.6M | $1.3B |
| 净利润 | $-42.0M | $-811.0M |
| 毛利率 | 26.0% | 9.3% |
| 营业利润率 | -4.2% | -64.8% |
| 净利率 | -6.5% | -63.1% |
| 营收同比 | -3.5% | -25.8% |
| 净利润同比 | -400.0% | -9.0% |
| 每股收益（稀释后） | $-0.32 | $-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MBCRIVN
| Q4 25 | $644.6M | $1.3B | ||
| Q3 25 | $698.9M | $1.6B | ||
| Q2 25 | $730.9M | $1.3B | ||
| Q1 25 | $660.3M | $1.2B | ||
| Q4 24 | $667.7M | $1.7B | ||
| Q3 24 | $718.1M | $874.0M | ||
| Q2 24 | $676.5M | $1.2B | ||
| Q1 24 | $638.1M | $1.2B |
净利润MBCRIVN
| Q4 25 | $-42.0M | $-811.0M | ||
| Q3 25 | $18.1M | $-1.2B | ||
| Q2 25 | $37.3M | $-1.1B | ||
| Q1 25 | $13.3M | $-545.0M | ||
| Q4 24 | $14.0M | $-744.0M | ||
| Q3 24 | $29.1M | $-1.1B | ||
| Q2 24 | $45.3M | $-1.5B | ||
| Q1 24 | $37.5M | $-1.4B |
毛利率MBCRIVN
| Q4 25 | 26.0% | 9.3% | ||
| Q3 25 | 31.2% | 1.5% | ||
| Q2 25 | 32.8% | -15.8% | ||
| Q1 25 | 30.6% | 16.6% | ||
| Q4 24 | 30.4% | 9.8% | ||
| Q3 24 | 33.1% | -44.9% | ||
| Q2 24 | 34.1% | -38.9% | ||
| Q1 24 | 32.1% | -43.8% |
营业利润率MBCRIVN
| Q4 25 | -4.2% | -64.8% | ||
| Q3 25 | 6.0% | -63.1% | ||
| Q2 25 | 9.2% | -85.5% | ||
| Q1 25 | 5.6% | -52.8% | ||
| Q4 24 | 5.6% | -38.1% | ||
| Q3 24 | 8.0% | -133.8% | ||
| Q2 24 | 11.5% | -118.7% | ||
| Q1 24 | 9.8% | -123.3% |
净利率MBCRIVN
| Q4 25 | -6.5% | -63.1% | ||
| Q3 25 | 2.6% | -75.3% | ||
| Q2 25 | 5.1% | -85.7% | ||
| Q1 25 | 2.0% | -44.0% | ||
| Q4 24 | 2.1% | -42.9% | ||
| Q3 24 | 4.1% | -125.9% | ||
| Q2 24 | 6.7% | -125.8% | ||
| Q1 24 | 5.9% | -120.1% |
每股收益（稀释后）MBCRIVN
| Q4 25 | $-0.32 | $-0.66 | ||
| Q3 25 | $0.14 | $-0.96 | ||
| Q2 25 | $0.29 | $-0.97 | ||
| Q1 25 | $0.10 | $-0.48 | ||
| Q4 24 | $0.10 | $-0.67 | ||
| Q3 24 | $0.22 | $-1.08 | ||
| Q2 24 | $0.35 | $-1.46 | ||
| Q1 24 | $0.29 | $-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 | $183.3M | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $4.6B |
| 总资产 | $3.1B | $14.9B |
| 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MBCRIVN
| Q4 25 | $183.3M | $6.1B | ||
| Q3 25 | $114.8M | $7.1B | ||
| Q2 25 | $120.1M | $7.5B | ||
| Q1 25 | $113.5M | $7.2B | ||
| Q4 24 | $120.6M | $7.7B | ||
| Q3 24 | $108.4M | $6.7B | ||
| Q2 24 | $189.4M | $7.9B | ||
| Q1 24 | $153.7M | $7.9B |
总债务MBCRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益MBCRIVN
| Q4 25 | $1.3B | $4.6B | ||
| Q3 25 | $1.4B | $5.1B | ||
| Q2 25 | $1.4B | $6.1B | ||
| Q1 25 | $1.3B | $6.2B | ||
| Q4 24 | $1.3B | $6.6B | ||
| Q3 24 | $1.3B | $5.9B | ||
| Q2 24 | $1.3B | $6.8B | ||
| Q1 24 | $1.2B | $8.1B |
总资产MBCRIVN
| Q4 25 | $3.1B | $14.9B | ||
| Q3 25 | $3.0B | $15.2B | ||
| Q2 25 | $3.0B | $15.6B | ||
| Q1 25 | $3.0B | $15.5B | ||
| Q4 24 | $2.9B | $15.4B | ||
| Q3 24 | $3.0B | $14.3B | ||
| Q2 24 | $2.4B | $15.4B | ||
| Q1 24 | $2.4B | $15.7B |
负债/权益比MBCRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.79× | — | ||
| Q3 24 | 0.83× | — | ||
| 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 | $86.9M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $52.5M | $-1.1B |
| 自由现金流率自由现金流/营收 | 8.1% | -89.0% |
| 资本支出强度资本支出/营收 | 5.3% | 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 | $117.5M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流MBCRIVN
| Q4 25 | $86.9M | $-681.0M | ||
| Q3 25 | $55.4M | $26.0M | ||
| Q2 25 | $84.8M | $64.0M | ||
| Q1 25 | $-31.4M | $-188.0M | ||
| Q4 24 | $115.1M | $1.2B | ||
| Q3 24 | $80.8M | $-876.0M | ||
| Q2 24 | $77.4M | $-754.0M | ||
| Q1 24 | $18.7M | $-1.3B |
自由现金流MBCRIVN
| Q4 25 | $52.5M | $-1.1B | ||
| Q3 25 | $39.5M | $-421.0M | ||
| Q2 25 | $66.7M | $-398.0M | ||
| Q1 25 | $-41.2M | $-526.0M | ||
| Q4 24 | $68.8M | $856.0M | ||
| Q3 24 | $64.5M | $-1.2B | ||
| Q2 24 | $66.1M | $-1.0B | ||
| Q1 24 | $11.7M | $-1.5B |
自由现金流率MBCRIVN
| Q4 25 | 8.1% | -89.0% | ||
| Q3 25 | 5.7% | -27.0% | ||
| Q2 25 | 9.1% | -30.5% | ||
| Q1 25 | -6.2% | -42.4% | ||
| Q4 24 | 10.3% | 49.4% | ||
| Q3 24 | 9.0% | -131.9% | ||
| Q2 24 | 9.8% | -89.6% | ||
| Q1 24 | 1.8% | -126.5% |
资本支出强度MBCRIVN
| Q4 25 | 5.3% | 36.0% | ||
| Q3 25 | 2.3% | 28.7% | ||
| Q2 25 | 2.5% | 35.5% | ||
| Q1 25 | 1.5% | 27.3% | ||
| Q4 24 | 6.9% | 18.9% | ||
| Q3 24 | 2.3% | 31.7% | ||
| Q2 24 | 1.7% | 24.4% | ||
| Q1 24 | 1.1% | 21.1% |
现金转化率MBCRIVN
| Q4 25 | — | — | ||
| Q3 25 | 3.06× | — | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | -2.36× | — | ||
| Q4 24 | 8.22× | — | ||
| Q3 24 | 2.78× | — | ||
| Q2 24 | 1.71× | — | ||
| Q1 24 | 0.50× | — |
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
MBC
| Dealers | $345.7M | 54% |
| Retail | $220.0M | 34% |
| Builders | $78.9M | 12% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
