vs
Matador Resources Co（MTDR）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Matador Resources Co的1.6倍（$1.3B vs $809.5M），Matador Resources Co净利率更高（23.8% vs -63.1%，领先86.8%），Matador Resources Co同比增速更快（-17.2% vs -25.8%），Matador Resources Co自由现金流更多（$8.1M vs $-1.1B），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs 1.5%）
Matador Resources Co是一家独立能源企业，主营石油、天然气及天然气凝液的勘探、开发、生产与收购业务，核心运营区域分布在美国多个主要陆上资源盆地，产品主要供应北美能源市场。
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。
MTDR vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.6倍
$809.5M
营收增速更快
MTDR
高出8.6%
-25.8%
净利率更高
MTDR
高出86.8%
-63.1%
自由现金流更多
MTDR
多$1.2B
$-1.1B
两年增速更快
RIVN
近两年复合增速
1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $809.5M | $1.3B |
| 净利润 | $192.5M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | 30.0% | -64.8% |
| 净利率 | 23.8% | -63.1% |
| 营收同比 | -17.2% | -25.8% |
| 净利润同比 | -10.2% | -9.0% |
| 每股收益（稀释后） | $1.54 | $-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MTDRRIVN
| Q4 25 | $809.5M | $1.3B | ||
| Q3 25 | $915.1M | $1.6B | ||
| Q2 25 | $925.7M | $1.3B | ||
| Q1 25 | $1.0B | $1.2B | ||
| Q4 24 | $978.3M | $1.7B | ||
| Q3 24 | $860.1M | $874.0M | ||
| Q2 24 | $855.2M | $1.2B | ||
| Q1 24 | $785.3M | $1.2B |
净利润MTDRRIVN
| Q4 25 | $192.5M | $-811.0M | ||
| Q3 25 | $176.4M | $-1.2B | ||
| Q2 25 | $150.2M | $-1.1B | ||
| Q1 25 | $240.1M | $-545.0M | ||
| Q4 24 | $214.5M | $-744.0M | ||
| Q3 24 | $248.3M | $-1.1B | ||
| Q2 24 | $228.8M | $-1.5B | ||
| Q1 24 | $193.7M | $-1.4B |
毛利率MTDRRIVN
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | -15.8% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | — | -44.9% | ||
| Q2 24 | — | -38.9% | ||
| Q1 24 | — | -43.8% |
营业利润率MTDRRIVN
| Q4 25 | 30.0% | -64.8% | ||
| Q3 25 | 33.4% | -63.1% | ||
| Q2 25 | 31.2% | -85.5% | ||
| Q1 25 | 38.7% | -52.8% | ||
| Q4 24 | 36.8% | -38.1% | ||
| Q3 24 | 45.6% | -133.8% | ||
| Q2 24 | 42.5% | -118.7% | ||
| Q1 24 | 40.6% | -123.3% |
净利率MTDRRIVN
| Q4 25 | 23.8% | -63.1% | ||
| Q3 25 | 19.3% | -75.3% | ||
| Q2 25 | 16.2% | -85.7% | ||
| Q1 25 | 23.9% | -44.0% | ||
| Q4 24 | 21.9% | -42.9% | ||
| Q3 24 | 28.9% | -125.9% | ||
| Q2 24 | 26.8% | -125.8% | ||
| Q1 24 | 24.7% | -120.1% |
每股收益（稀释后）MTDRRIVN
| Q4 25 | $1.54 | $-0.66 | ||
| Q3 25 | $1.42 | $-0.96 | ||
| Q2 25 | $1.21 | $-0.97 | ||
| Q1 25 | $1.92 | $-0.48 | ||
| Q4 24 | $1.71 | $-0.67 | ||
| Q3 24 | $1.99 | $-1.08 | ||
| Q2 24 | $1.83 | $-1.46 | ||
| Q1 24 | $1.61 | $-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 | $15.3M | $6.1B |
| 总债务越低越好 | $3.4B | — |
| 股东权益账面价值 | $5.7B | $4.6B |
| 总资产 | $11.7B | $14.9B |
| 负债/权益比越低杠杆越低 | 0.60× | — |
8季度趋势，按日历期对齐
现金及短期投资MTDRRIVN
| Q4 25 | $15.3M | $6.1B | ||
| Q3 25 | $20.1M | $7.1B | ||
| Q2 25 | $10.5M | $7.5B | ||
| Q1 25 | $14.5M | $7.2B | ||
| Q4 24 | $23.0M | $7.7B | ||
| Q3 24 | $23.3M | $6.7B | ||
| Q2 24 | $15.2M | $7.9B | ||
| Q1 24 | $23.2M | $7.9B |
总债务MTDRRIVN
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益MTDRRIVN
| Q4 25 | $5.7B | $4.6B | ||
| Q3 25 | $5.5B | $5.1B | ||
| Q2 25 | $5.4B | $6.1B | ||
| Q1 25 | $5.3B | $6.2B | ||
| Q4 24 | $5.1B | $6.6B | ||
| Q3 24 | $4.9B | $5.9B | ||
| Q2 24 | $4.6B | $6.8B | ||
| Q1 24 | $4.4B | $8.1B |
总资产MTDRRIVN
| Q4 25 | $11.7B | $14.9B | ||
| Q3 25 | $11.6B | $15.2B | ||
| Q2 25 | $11.3B | $15.6B | ||
| Q1 25 | $11.1B | $15.5B | ||
| Q4 24 | $10.9B | $15.4B | ||
| Q3 24 | $10.6B | $14.3B | ||
| Q2 24 | $8.5B | $15.4B | ||
| Q1 24 | $8.2B | $15.7B |
负债/权益比MTDRRIVN
| Q4 25 | 0.60× | — | ||
| Q3 25 | 0.58× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.65× | — | ||
| 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 | $474.4M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $8.1M | $-1.1B |
| 自由现金流率自由现金流/营收 | 1.0% | -89.0% |
| 资本支出强度资本支出/营收 | 57.6% | 36.0% |
| 现金转化率经营现金流/净利润 | 2.46× | — |
| 过去12个月自由现金流最近4个季度 | $269.6M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流MTDRRIVN
| Q4 25 | $474.4M | $-681.0M | ||
| Q3 25 | $721.7M | $26.0M | ||
| Q2 25 | $501.0M | $64.0M | ||
| Q1 25 | $727.9M | $-188.0M | ||
| Q4 24 | $575.0M | $1.2B | ||
| Q3 24 | $610.4M | $-876.0M | ||
| Q2 24 | $592.9M | $-754.0M | ||
| Q1 24 | $468.6M | $-1.3B |
自由现金流MTDRRIVN
| Q4 25 | $8.1M | $-1.1B | ||
| Q3 25 | $78.3M | $-421.0M | ||
| Q2 25 | $9.6M | $-398.0M | ||
| Q1 25 | $173.6M | $-526.0M | ||
| Q4 24 | $45.2M | $856.0M | ||
| Q3 24 | $-1.6B | $-1.2B | ||
| Q2 24 | $69.0M | $-1.0B | ||
| Q1 24 | $-170.0M | $-1.5B |
自由现金流率MTDRRIVN
| Q4 25 | 1.0% | -89.0% | ||
| Q3 25 | 8.6% | -27.0% | ||
| Q2 25 | 1.0% | -30.5% | ||
| Q1 25 | 17.3% | -42.4% | ||
| Q4 24 | 4.6% | 49.4% | ||
| Q3 24 | -186.5% | -131.9% | ||
| Q2 24 | 8.1% | -89.6% | ||
| Q1 24 | -21.6% | -126.5% |
资本支出强度MTDRRIVN
| Q4 25 | 57.6% | 36.0% | ||
| Q3 25 | 70.3% | 28.7% | ||
| Q2 25 | 53.1% | 35.5% | ||
| Q1 25 | 55.1% | 27.3% | ||
| Q4 24 | 54.2% | 18.9% | ||
| Q3 24 | 257.4% | 31.7% | ||
| Q2 24 | 61.3% | 24.4% | ||
| Q1 24 | 81.3% | 21.1% |
现金转化率MTDRRIVN
| Q4 25 | 2.46× | — | ||
| Q3 25 | 4.09× | — | ||
| Q2 25 | 3.34× | — | ||
| Q1 25 | 3.03× | — | ||
| Q4 24 | 2.68× | — | ||
| Q3 24 | 2.46× | — | ||
| Q2 24 | 2.59× | — | ||
| Q1 24 | 2.42× | — |
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
MTDR
| Oil And Gas | $702.8M | 87% |
| Natural Gas Sales | $61.3M | 8% |
| Natural Gas Midstream | $45.4M | 6% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
