vs
纳斯达克（NDAQ）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
纳斯达克的季度营收约是Rivian Automotive, Inc.的1.7倍（$2.1B vs $1.3B），纳斯达克净利率更高（24.3% vs -63.1%，领先87.4%），纳斯达克同比增速更快（2.0% vs -25.8%），过去两年纳斯达克的营收复合增速更高（9.2% vs 3.3%）
纳斯达克是美国的证券交易所，市值规模在全球证券交易所中排名第二，也是全球首个完全电子化的股票市场。其总部位于纽约曼哈顿，是美国交易量领先、活跃度最高的股票交易场所之一。
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。
NDAQ vs RIVN — 直观对比
营收规模更大
NDAQ
是对方的1.7倍
$1.3B
营收增速更快
NDAQ
高出27.8%
-25.8%
净利率更高
NDAQ
高出87.4%
-63.1%
两年增速更快
NDAQ
近两年复合增速
3.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.3B |
| 净利润 | $519.0M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | 30.7% | -64.8% |
| 净利率 | 24.3% | -63.1% |
| 营收同比 | 2.0% | -25.8% |
| 净利润同比 | 31.4% | -9.0% |
| 每股收益（稀释后） | $0.91 | $-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NDAQRIVN
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $1.3B | ||
| Q3 25 | $2.0B | $1.6B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.0B | $1.7B | ||
| Q3 24 | $1.9B | $874.0M | ||
| Q2 24 | $1.8B | $1.2B |
净利润NDAQRIVN
| Q1 26 | $519.0M | — | ||
| Q4 25 | $518.0M | $-811.0M | ||
| Q3 25 | $423.0M | $-1.2B | ||
| Q2 25 | $452.0M | $-1.1B | ||
| Q1 25 | $395.0M | $-545.0M | ||
| Q4 24 | $355.0M | $-744.0M | ||
| Q3 24 | $306.0M | $-1.1B | ||
| Q2 24 | $222.0M | $-1.5B |
毛利率NDAQRIVN
| Q1 26 | — | — | ||
| Q4 25 | 65.5% | 9.3% | ||
| Q3 25 | 67.2% | 1.5% | ||
| Q2 25 | 62.5% | -15.8% | ||
| Q1 25 | 59.2% | 16.6% | ||
| Q4 24 | 60.4% | 9.8% | ||
| Q3 24 | 60.3% | -44.9% | ||
| Q2 24 | 64.7% | -38.9% |
营业利润率NDAQRIVN
| Q1 26 | 30.7% | — | ||
| Q4 25 | 29.7% | -64.8% | ||
| Q3 25 | 29.9% | -63.1% | ||
| Q2 25 | 27.2% | -85.5% | ||
| Q1 25 | 26.2% | -52.8% | ||
| Q4 24 | 25.4% | -38.1% | ||
| Q3 24 | 23.6% | -133.8% | ||
| Q2 24 | 23.6% | -118.7% |
净利率NDAQRIVN
| Q1 26 | 24.3% | — | ||
| Q4 25 | 24.4% | -63.1% | ||
| Q3 25 | 21.6% | -75.3% | ||
| Q2 25 | 21.6% | -85.7% | ||
| Q1 25 | 18.9% | -44.0% | ||
| Q4 24 | 17.5% | -42.9% | ||
| Q3 24 | 16.1% | -125.9% | ||
| Q2 24 | 12.4% | -125.8% |
每股收益（稀释后）NDAQRIVN
| Q1 26 | $0.91 | — | ||
| Q4 25 | $0.90 | $-0.66 | ||
| Q3 25 | $0.73 | $-0.96 | ||
| Q2 25 | $0.78 | $-0.97 | ||
| Q1 25 | $0.68 | $-0.48 | ||
| Q4 24 | $0.62 | $-0.67 | ||
| Q3 24 | $0.53 | $-1.08 | ||
| Q2 24 | $0.38 | $-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 | $515.0M | $6.1B |
| 总债务越低越好 | $9.0B | — |
| 股东权益账面价值 | $12.0B | $4.6B |
| 总资产 | $27.3B | $14.9B |
| 负债/权益比越低杠杆越低 | 0.74× | — |
8季度趋势，按日历期对齐
现金及短期投资NDAQRIVN
| Q1 26 | $515.0M | — | ||
| Q4 25 | $604.0M | $6.1B | ||
| Q3 25 | $470.0M | $7.1B | ||
| Q2 25 | $732.0M | $7.5B | ||
| Q1 25 | $690.0M | $7.2B | ||
| Q4 24 | $592.0M | $7.7B | ||
| Q3 24 | $266.0M | $6.7B | ||
| Q2 24 | $416.0M | $7.9B |
总债务NDAQRIVN
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.6B | — | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $9.1B | — | ||
| Q3 24 | $9.4B | — | ||
| Q2 24 | $9.2B | $5.5B |
股东权益NDAQRIVN
| Q1 26 | $12.0B | — | ||
| Q4 25 | $12.2B | $4.6B | ||
| Q3 25 | $12.0B | $5.1B | ||
| Q2 25 | $11.8B | $6.1B | ||
| Q1 25 | $11.5B | $6.2B | ||
| Q4 24 | $11.2B | $6.6B | ||
| Q3 24 | $11.1B | $5.9B | ||
| Q2 24 | $10.9B | $6.8B |
总资产NDAQRIVN
| Q1 26 | $27.3B | — | ||
| Q4 25 | $31.1B | $14.9B | ||
| Q3 25 | $30.7B | $15.2B | ||
| Q2 25 | $30.4B | $15.6B | ||
| Q1 25 | $30.6B | $15.5B | ||
| Q4 24 | $30.4B | $15.4B | ||
| Q3 24 | $30.6B | $14.3B | ||
| Q2 24 | $30.2B | $15.4B |
负债/权益比NDAQRIVN
| Q1 26 | 0.74× | — | ||
| Q4 25 | 0.70× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.77× | — | ||
| Q4 24 | 0.81× | — | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 0.85× | 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 | — | $-1.1B |
| 自由现金流率自由现金流/营收 | — | -89.0% |
| 资本支出强度资本支出/营收 | — | 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 | — | $-2.5B |
8季度趋势，按日历期对齐
经营现金流NDAQRIVN
| Q1 26 | — | — | ||
| Q4 25 | $625.0M | $-681.0M | ||
| Q3 25 | $221.0M | $26.0M | ||
| Q2 25 | $746.0M | $64.0M | ||
| Q1 25 | $663.0M | $-188.0M | ||
| Q4 24 | $705.0M | $1.2B | ||
| Q3 24 | $244.0M | $-876.0M | ||
| Q2 24 | $460.0M | $-754.0M |
自由现金流NDAQRIVN
| Q1 26 | — | — | ||
| Q4 25 | $536.0M | $-1.1B | ||
| Q3 25 | $152.0M | $-421.0M | ||
| Q2 25 | $687.0M | $-398.0M | ||
| Q1 25 | $614.0M | $-526.0M | ||
| Q4 24 | $645.0M | $856.0M | ||
| Q3 24 | $188.0M | $-1.2B | ||
| Q2 24 | $408.0M | $-1.0B |
自由现金流率NDAQRIVN
| Q1 26 | — | — | ||
| Q4 25 | 25.2% | -89.0% | ||
| Q3 25 | 7.8% | -27.0% | ||
| Q2 25 | 32.9% | -30.5% | ||
| Q1 25 | 29.4% | -42.4% | ||
| Q4 24 | 31.7% | 49.4% | ||
| Q3 24 | 9.9% | -131.9% | ||
| Q2 24 | 22.8% | -89.6% |
资本支出强度NDAQRIVN
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 36.0% | ||
| Q3 25 | 3.5% | 28.7% | ||
| Q2 25 | 2.8% | 35.5% | ||
| Q1 25 | 2.3% | 27.3% | ||
| Q4 24 | 3.0% | 18.9% | ||
| Q3 24 | 2.9% | 31.7% | ||
| Q2 24 | 2.9% | 24.4% |
现金转化率NDAQRIVN
| Q1 26 | — | — | ||
| Q4 25 | 1.21× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 1.65× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 1.99× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 2.07× | — |
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
NDAQ
| Market Services | $1.0B | 49% |
| Capital Access Platforms | $565.0M | 26% |
| Financial Technology | $517.0M | 24% |
| Other Revenues | $8.0M | 0% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
