vs
蔚来（NIO）与豪士科（OSK）财务数据对比。点击上方公司名可切换其他公司
蔚来的季度营收约是豪士科的1.8倍（$4.7B vs $2.7B）。豪士科净利率更高（5.0% vs 0.8%，领先4.2%）。豪士科自由现金流更多（$540.3M vs $-439.4M）
蔚来是中国本土新能源汽车制造商，总部位于上海，2014年成立，2016年正式启用现有品牌名称。公司专注于智能电动汽车的研发、设计与销售，产品覆盖轿车、SUV等多个品类，近年已将业务拓展至智能手机研发领域。
豪士科（原称豪士科卡车）是美国知名工业企业，主营特种卡车、军用车辆、机场消防设备、高空作业设备等产品的设计与制造。旗下拥有威斯康星州的消防车制造商Pierce Manufacturing，以及生产各类升降作业设备的JLG工业公司。
NIO vs OSK — 直观对比
营收规模更大
NIO
是对方的1.8倍
$2.7B
净利率更高
OSK
高出4.2%
0.8%
自由现金流更多
OSK
多$979.7M
$-439.4M
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $2.7B |
| 净利润 | $38.7M | $133.8M |
| 毛利率 | 17.5% | 15.8% |
| 营业利润率 | 1.5% | 7.9% |
| 净利率 | 0.8% | 5.0% |
| 营收同比 | — | 3.5% |
| 净利润同比 | — | -12.6% |
| 每股收益（稀释后） | $0.05 | — |
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NIOOSK
| Q1 26 | $4.7B | — | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | $3.0B | $2.7B | ||
| Q2 25 | $2.6B | $2.7B | ||
| Q1 25 | $2.7B | $2.3B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B |
净利润NIOOSK
| Q1 26 | $38.7M | — | ||
| Q4 25 | — | $133.8M | ||
| Q3 25 | $-505.2M | $196.2M | ||
| Q2 25 | $-709.5M | $204.8M | ||
| Q1 25 | $-984.2M | $112.2M | ||
| Q4 24 | — | $153.1M | ||
| Q3 24 | — | $180.3M | ||
| Q2 24 | — | $168.6M |
毛利率NIOOSK
| Q1 26 | 17.5% | — | ||
| Q4 25 | — | 15.8% | ||
| Q3 25 | 13.9% | 17.5% | ||
| Q2 25 | 10.0% | 19.2% | ||
| Q1 25 | 11.7% | 17.3% | ||
| Q4 24 | — | 17.2% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 19.2% |
营业利润率NIOOSK
| Q1 26 | 1.5% | — | ||
| Q4 25 | — | 7.9% | ||
| Q3 25 | -16.2% | 9.7% | ||
| Q2 25 | -25.8% | 10.7% | ||
| Q1 25 | -30.6% | 7.6% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 9.2% |
净利率NIOOSK
| Q1 26 | 0.8% | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | -16.8% | 7.3% | ||
| Q2 25 | -27.0% | 7.5% | ||
| Q1 25 | -36.2% | 4.9% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | — | 6.6% | ||
| Q2 24 | — | 5.9% |
每股收益（稀释后）NIOOSK
| Q1 26 | $0.05 | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-1.51 | — | ||
| Q2 25 | $-2.31 | — | ||
| Q1 25 | $-3.47 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $4.4B | $479.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $594.8M | $4.5B |
| 总资产 | $17.8B | $10.1B |
| 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NIOOSK
| Q1 26 | $4.4B | — | ||
| Q4 25 | — | $479.8M | ||
| Q3 25 | — | $211.8M | ||
| Q2 25 | $2.5B | $191.7M | ||
| Q1 25 | $4.6B | $210.3M | ||
| Q4 24 | — | $204.9M | ||
| Q3 24 | — | $160.9M | ||
| Q2 24 | — | $141.4M |
总债务NIOOSK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $602.3M | ||
| Q2 24 | — | $599.1M |
股东权益NIOOSK
| Q1 26 | $594.8M | — | ||
| Q4 25 | — | $4.5B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | $-168.3M | $4.5B | ||
| Q1 25 | $817.5M | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $3.9B |
总资产NIOOSK
| Q1 26 | $17.8B | — | ||
| Q4 25 | — | $10.1B | ||
| Q3 25 | — | $9.8B | ||
| Q2 25 | $14.0B | $10.0B | ||
| Q1 25 | $14.7B | $9.8B | ||
| Q4 24 | — | $9.4B | ||
| Q3 24 | — | $9.9B | ||
| Q2 24 | — | $9.7B |
负债/权益比NIOOSK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.15× |
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 | $427.9M | $600.1M |
| 自由现金流经营现金流 - 资本支出 | $-439.4M | $540.3M |
| 自由现金流率自由现金流/营收 | -9.3% | 20.1% |
| 资本支出强度资本支出/营收 | 18.4% | 2.2% |
| 现金转化率经营现金流/净利润 | 11.07× | 4.49× |
| 过去12个月自由现金流最近4个季度 | — | $618.0M |
8季度趋势，按日历期对齐
经营现金流NIOOSK
| Q1 26 | $427.9M | — | ||
| Q4 25 | — | $600.1M | ||
| Q3 25 | — | $489.0M | ||
| Q2 25 | — | $89.2M | ||
| Q1 25 | $-1.1B | $-394.9M | ||
| Q4 24 | — | $790.8M | ||
| Q3 24 | — | $326.1M | ||
| Q2 24 | — | $-211.0M |
自由现金流NIOOSK
| Q1 26 | $-439.4M | — | ||
| Q4 25 | — | $540.3M | ||
| Q3 25 | — | $464.3M | ||
| Q2 25 | — | $48.6M | ||
| Q1 25 | $-2.3B | $-435.2M | ||
| Q4 24 | — | $703.3M | ||
| Q3 24 | — | $272.2M | ||
| Q2 24 | — | $-250.5M |
自由现金流率NIOOSK
| Q1 26 | -9.3% | — | ||
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | -85.6% | -18.8% | ||
| Q4 24 | — | 27.1% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | -8.8% |
资本支出强度NIOOSK
| Q1 26 | 18.4% | — | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | 46.1% | 1.7% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.4% |
现金转化率NIOOSK
| Q1 26 | 11.07× | — | ||
| Q4 25 | — | 4.49× | ||
| Q3 25 | — | 2.49× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | -3.52× | ||
| Q4 24 | — | 5.17× | ||
| Q3 24 | — | 1.81× | ||
| Q2 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
NIO
暂无分部数据
OSK
| Vocational Segment | $922.4M | 34% |
| Aerial Works Platforms | $548.6M | 20% |
| Other Access Equipment | $311.8M | 12% |
| Telehandlers | $311.2M | 12% |
| Airport Products | $252.7M | 9% |
| Delivery Vehicles | $165.0M | 6% |
| Other Vocational | $130.7M | 5% |
| Transferred Over Time | $23.5M | 1% |
