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MUELLER INDUSTRIES INC（MLI）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MUELLER INDUSTRIES INC的1.3倍（$1.3B vs $962.4M），MUELLER INDUSTRIES INC净利率更高（16.0% vs -63.1%，领先79.0%），MUELLER INDUSTRIES INC同比增速更快（4.2% vs -25.8%），MUELLER INDUSTRIES INC自由现金流更多（$121.4M vs $-1.1B），过去两年MUELLER INDUSTRIES INC的营收复合增速更高（6.4% vs 3.3%）
Mueller Industries是美国知名工业制造企业，1917年正式成立，总部坐落于美国田纳西州孟菲斯市，主营管道产品、工业金属及暖通制冷设备，2022年入选《财富》1000强榜单，是年营收达数十亿美元的公开上市企业。
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。
MLI vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.3倍
$962.4M
营收增速更快
MLI
高出30.0%
-25.8%
净利率更高
MLI
高出79.0%
-63.1%
自由现金流更多
MLI
多$1.3B
$-1.1B
两年增速更快
MLI
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $962.4M | $1.3B |
| 净利润 | $153.7M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | 17.9% | -64.8% |
| 净利率 | 16.0% | -63.1% |
| 营收同比 | 4.2% | -25.8% |
| 净利润同比 | 11.7% | -9.0% |
| 每股收益（稀释后） | $1.37 | $-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MLIRIVN
| Q4 25 | $962.4M | $1.3B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.0B | $1.2B | ||
| Q4 24 | $923.5M | $1.7B | ||
| Q3 24 | $997.8M | $874.0M | ||
| Q2 24 | $997.7M | $1.2B | ||
| Q1 24 | $849.7M | $1.2B |
净利润MLIRIVN
| Q4 25 | $153.7M | $-811.0M | ||
| Q3 25 | $208.1M | $-1.2B | ||
| Q2 25 | $245.9M | $-1.1B | ||
| Q1 25 | $157.4M | $-545.0M | ||
| Q4 24 | $137.7M | $-744.0M | ||
| Q3 24 | $168.7M | $-1.1B | ||
| Q2 24 | $160.2M | $-1.5B | ||
| Q1 24 | $138.4M | $-1.4B |
毛利率MLIRIVN
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | -15.8% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | 27.6% | -44.9% | ||
| Q2 24 | 27.3% | -38.9% | ||
| Q1 24 | 28.4% | -43.8% |
营业利润率MLIRIVN
| Q4 25 | 17.9% | -64.8% | ||
| Q3 25 | 25.6% | -63.1% | ||
| Q2 25 | 26.7% | -85.5% | ||
| Q1 25 | 20.6% | -52.8% | ||
| Q4 24 | 18.4% | -38.1% | ||
| Q3 24 | 20.7% | -133.8% | ||
| Q2 24 | 21.0% | -118.7% | ||
| Q1 24 | 21.6% | -123.3% |
净利率MLIRIVN
| Q4 25 | 16.0% | -63.1% | ||
| Q3 25 | 19.3% | -75.3% | ||
| Q2 25 | 21.6% | -85.7% | ||
| Q1 25 | 15.7% | -44.0% | ||
| Q4 24 | 14.9% | -42.9% | ||
| Q3 24 | 16.9% | -125.9% | ||
| Q2 24 | 16.1% | -125.8% | ||
| Q1 24 | 16.3% | -120.1% |
每股收益（稀释后）MLIRIVN
| Q4 25 | $1.37 | $-0.66 | ||
| Q3 25 | $1.88 | $-0.96 | ||
| Q2 25 | $2.22 | $-0.97 | ||
| Q1 25 | $1.39 | $-0.48 | ||
| Q4 24 | $1.21 | $-0.67 | ||
| Q3 24 | $1.48 | $-1.08 | ||
| Q2 24 | $1.41 | $-1.46 | ||
| Q1 24 | $1.21 | $-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 | $1.4B | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.2B | $4.6B |
| 总资产 | $3.7B | $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MLIRIVN
| Q4 25 | $1.4B | $6.1B | ||
| Q3 25 | $1.3B | $7.1B | ||
| Q2 25 | $1.1B | $7.5B | ||
| Q1 25 | $873.6M | $7.2B | ||
| Q4 24 | $1.1B | $7.7B | ||
| Q3 24 | $969.6M | $6.7B | ||
| Q2 24 | $825.7M | $7.9B | ||
| Q1 24 | $1.4B | $7.9B |
总债务MLIRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益MLIRIVN
| Q4 25 | $3.2B | $4.6B | ||
| Q3 25 | $3.1B | $5.1B | ||
| Q2 25 | $2.9B | $6.1B | ||
| Q1 25 | $2.7B | $6.2B | ||
| Q4 24 | $2.8B | $6.6B | ||
| Q3 24 | $2.7B | $5.9B | ||
| Q2 24 | $2.5B | $6.8B | ||
| Q1 24 | $2.4B | $8.1B |
总资产MLIRIVN
| Q4 25 | $3.7B | $14.9B | ||
| Q3 25 | $3.7B | $15.2B | ||
| Q2 25 | $3.5B | $15.6B | ||
| Q1 25 | $3.2B | $15.5B | ||
| Q4 24 | $3.3B | $15.4B | ||
| Q3 24 | $3.2B | $14.3B | ||
| Q2 24 | $3.1B | $15.4B | ||
| Q1 24 | $2.9B | $15.7B |
负债/权益比MLIRIVN
| 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 | $141.2M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $121.4M | $-1.1B |
| 自由现金流率自由现金流/营收 | 12.6% | -89.0% |
| 资本支出强度资本支出/营收 | 2.1% | 36.0% |
| 现金转化率经营现金流/净利润 | 0.92× | — |
| 过去12个月自由现金流最近4个季度 | $686.6M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流MLIRIVN
| Q4 25 | $141.2M | $-681.0M | ||
| Q3 25 | $310.1M | $26.0M | ||
| Q2 25 | $190.6M | $64.0M | ||
| Q1 25 | $113.6M | $-188.0M | ||
| Q4 24 | $140.1M | $1.2B | ||
| Q3 24 | $231.4M | $-876.0M | ||
| Q2 24 | $100.8M | $-754.0M | ||
| Q1 24 | $173.6M | $-1.3B |
自由现金流MLIRIVN
| Q4 25 | $121.4M | $-1.1B | ||
| Q3 25 | $291.8M | $-421.0M | ||
| Q2 25 | $176.5M | $-398.0M | ||
| Q1 25 | $97.0M | $-526.0M | ||
| Q4 24 | $111.2M | $856.0M | ||
| Q3 24 | $205.7M | $-1.2B | ||
| Q2 24 | $91.6M | $-1.0B | ||
| Q1 24 | $157.2M | $-1.5B |
自由现金流率MLIRIVN
| Q4 25 | 12.6% | -89.0% | ||
| Q3 25 | 27.1% | -27.0% | ||
| Q2 25 | 15.5% | -30.5% | ||
| Q1 25 | 9.7% | -42.4% | ||
| Q4 24 | 12.0% | 49.4% | ||
| Q3 24 | 20.6% | -131.9% | ||
| Q2 24 | 9.2% | -89.6% | ||
| Q1 24 | 18.5% | -126.5% |
资本支出强度MLIRIVN
| Q4 25 | 2.1% | 36.0% | ||
| Q3 25 | 1.7% | 28.7% | ||
| Q2 25 | 1.2% | 35.5% | ||
| Q1 25 | 1.7% | 27.3% | ||
| Q4 24 | 3.1% | 18.9% | ||
| Q3 24 | 2.6% | 31.7% | ||
| Q2 24 | 0.9% | 24.4% | ||
| Q1 24 | 1.9% | 21.1% |
现金转化率MLIRIVN
| Q4 25 | 0.92× | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 0.78× | — | ||
| Q1 25 | 0.72× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 1.25× | — |
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
MLI
| Tube And Fittings | $484.6M | 50% |
| Industrial Metals | $252.2M | 26% |
| Valves And Plumbing Specialties | $122.5M | 13% |
| Flex Duct And Other HVAC Components | $80.8M | 8% |
| Other Products | $14.9M | 2% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
