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晨星（MORN）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.的季度营收约是晨星的2.0倍（$1.3B vs $644.8M），晨星同比增速更快（10.8% vs -25.8%），晨星自由现金流更多（$53.6M vs $-1.1B），过去两年晨星的营收复合增速更高（6.2% vs 3.3%）
晨星（Morningstar, Inc.）是总部位于美国伊利诺伊州芝加哥的金融服务机构，由乔·曼苏托于1984年创立，面向全球提供全方位的投资研究、投资管理等专业服务，是全球颇具知名度的投资资讯服务提供商。
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。
MORN vs RIVN — 直观对比
营收规模更大
RIVN
是对方的2.0倍
$644.8M
营收增速更快
MORN
高出36.6%
-25.8%
自由现金流更多
MORN
多$1.2B
$-1.1B
两年增速更快
MORN
近两年复合增速
3.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $644.8M | $1.3B |
| 净利润 | — | $-811.0M |
| 毛利率 | 62.9% | 9.3% |
| 营业利润率 | 24.2% | -64.8% |
| 净利率 | — | -63.1% |
| 营收同比 | 10.8% | -25.8% |
| 净利润同比 | — | -9.0% |
| 每股收益（稀释后） | $2.73 | $-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MORNRIVN
| Q1 26 | $644.8M | — | ||
| Q4 25 | $641.1M | $1.3B | ||
| Q3 25 | $617.4M | $1.6B | ||
| Q2 25 | $605.1M | $1.3B | ||
| Q1 25 | $581.9M | $1.2B | ||
| Q4 24 | $591.0M | $1.7B | ||
| Q3 24 | $569.4M | $874.0M | ||
| Q2 24 | $571.9M | $1.2B |
净利润MORNRIVN
| Q1 26 | — | — | ||
| Q4 25 | $115.1M | $-811.0M | ||
| Q3 25 | $91.6M | $-1.2B | ||
| Q2 25 | $89.0M | $-1.1B | ||
| Q1 25 | $78.5M | $-545.0M | ||
| Q4 24 | $116.9M | $-744.0M | ||
| Q3 24 | $119.7M | $-1.1B | ||
| Q2 24 | $69.1M | $-1.5B |
毛利率MORNRIVN
| Q1 26 | 62.9% | — | ||
| Q4 25 | 61.1% | 9.3% | ||
| Q3 25 | 60.9% | 1.5% | ||
| Q2 25 | 61.9% | -15.8% | ||
| Q1 25 | 60.2% | 16.6% | ||
| Q4 24 | 60.7% | 9.8% | ||
| Q3 24 | 60.9% | -44.9% | ||
| Q2 24 | 61.1% | -38.9% |
营业利润率MORNRIVN
| Q1 26 | 24.2% | — | ||
| Q4 25 | 24.9% | -64.8% | ||
| Q3 25 | 20.7% | -63.1% | ||
| Q2 25 | 20.7% | -85.5% | ||
| Q1 25 | 19.6% | -52.8% | ||
| Q4 24 | 28.5% | -38.1% | ||
| Q3 24 | 20.3% | -133.8% | ||
| Q2 24 | 19.0% | -118.7% |
净利率MORNRIVN
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | -63.1% | ||
| Q3 25 | 14.8% | -75.3% | ||
| Q2 25 | 14.7% | -85.7% | ||
| Q1 25 | 13.5% | -44.0% | ||
| Q4 24 | 19.8% | -42.9% | ||
| Q3 24 | 21.0% | -125.9% | ||
| Q2 24 | 12.1% | -125.8% |
每股收益（稀释后）MORNRIVN
| Q1 26 | $2.73 | — | ||
| Q4 25 | $2.79 | $-0.66 | ||
| Q3 25 | $2.17 | $-0.96 | ||
| Q2 25 | $2.09 | $-0.97 | ||
| Q1 25 | $1.82 | $-0.48 | ||
| Q4 24 | $2.72 | $-0.67 | ||
| Q3 24 | $2.77 | $-1.08 | ||
| Q2 24 | $1.60 | $-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 | $492.8M | $6.1B |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $1.0B | $4.6B |
| 总资产 | $4.0B | $14.9B |
| 负债/权益比越低杠杆越低 | 1.68× | — |
8季度趋势，按日历期对齐
现金及短期投资MORNRIVN
| Q1 26 | $492.8M | — | ||
| Q4 25 | $528.7M | $6.1B | ||
| Q3 25 | $40.3M | $7.1B | ||
| Q2 25 | $38.1M | $7.5B | ||
| Q1 25 | $47.7M | $7.2B | ||
| Q4 24 | $551.0M | $7.7B | ||
| Q3 24 | $48.8M | $6.7B | ||
| Q2 24 | $48.0M | $7.9B |
总债务MORNRIVN
| Q1 26 | $1.7B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $848.9M | — | ||
| Q2 25 | $838.8M | — | ||
| Q1 25 | $803.7M | — | ||
| Q4 24 | $698.6M | — | ||
| Q3 24 | $864.7M | — | ||
| Q2 24 | $899.6M | $5.5B |
股东权益MORNRIVN
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $4.6B | ||
| Q3 25 | $1.5B | $5.1B | ||
| Q2 25 | $1.6B | $6.1B | ||
| Q1 25 | $1.6B | $6.2B | ||
| Q4 24 | $1.6B | $6.6B | ||
| Q3 24 | $1.6B | $5.9B | ||
| Q2 24 | $1.4B | $6.8B |
总资产MORNRIVN
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.6B | $14.9B | ||
| Q3 25 | $3.6B | $15.2B | ||
| Q2 25 | $3.6B | $15.6B | ||
| Q1 25 | $3.6B | $15.5B | ||
| Q4 24 | $3.5B | $15.4B | ||
| Q3 24 | $3.6B | $14.3B | ||
| Q2 24 | $3.4B | $15.4B |
负债/权益比MORNRIVN
| Q1 26 | 1.68× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.63× | 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 | — | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $53.6M | $-1.1B |
| 自由现金流率自由现金流/营收 | 8.3% | -89.0% |
| 资本支出强度资本支出/营收 | 5.9% | 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 | $437.4M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流MORNRIVN
| Q1 26 | — | — | ||
| Q4 25 | $204.0M | $-681.0M | ||
| Q3 25 | $195.7M | $26.0M | ||
| Q2 25 | $99.0M | $64.0M | ||
| Q1 25 | $91.0M | $-188.0M | ||
| Q4 24 | $153.4M | $1.2B | ||
| Q3 24 | $191.9M | $-876.0M | ||
| Q2 24 | $152.7M | $-754.0M |
自由现金流MORNRIVN
| Q1 26 | $53.6M | — | ||
| Q4 25 | $161.3M | $-1.1B | ||
| Q3 25 | $160.1M | $-421.0M | ||
| Q2 25 | $62.4M | $-398.0M | ||
| Q1 25 | $58.8M | $-526.0M | ||
| Q4 24 | $112.8M | $856.0M | ||
| Q3 24 | $155.8M | $-1.2B | ||
| Q2 24 | $120.8M | $-1.0B |
自由现金流率MORNRIVN
| Q1 26 | 8.3% | — | ||
| Q4 25 | 25.2% | -89.0% | ||
| Q3 25 | 25.9% | -27.0% | ||
| Q2 25 | 10.3% | -30.5% | ||
| Q1 25 | 10.1% | -42.4% | ||
| Q4 24 | 19.1% | 49.4% | ||
| Q3 24 | 27.4% | -131.9% | ||
| Q2 24 | 21.1% | -89.6% |
资本支出强度MORNRIVN
| Q1 26 | 5.9% | — | ||
| Q4 25 | 6.7% | 36.0% | ||
| Q3 25 | 5.8% | 28.7% | ||
| Q2 25 | 6.0% | 35.5% | ||
| Q1 25 | 5.5% | 27.3% | ||
| Q4 24 | 6.9% | 18.9% | ||
| Q3 24 | 6.3% | 31.7% | ||
| Q2 24 | 5.6% | 24.4% |
现金转化率MORNRIVN
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.14× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 2.21× | — |
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
MORN
暂无分部数据
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
