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蔚来（NIO）与Raymond James Financial（RJF）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Raymond James Financial的1.1倍（$4.7B vs $4.2B），Raymond James Financial净利率更高（13.5% vs 0.8%，领先12.7%），Raymond James Financial自由现金流更多（$-56.0M 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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
NIO vs RJF — 直观对比
营收规模更大
NIO
是对方的1.1倍
$4.2B
净利率更高
RJF
高出12.7%
0.8%
自由现金流更多
RJF
多$383.4M
$-439.4M
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $4.2B |
| 净利润 | $38.7M | $563.0M |
| 毛利率 | 17.5% | — |
| 营业利润率 | 1.5% | — |
| 净利率 | 0.8% | 13.5% |
| 营收同比 | — | 3.5% |
| 净利润同比 | — | -6.2% |
| 每股收益（稀释后） | $0.05 | $2.79 |
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NIORJF
| Q1 26 | $4.7B | — | ||
| Q4 25 | — | $4.2B | ||
| Q3 25 | $3.0B | $4.2B | ||
| Q2 25 | $2.6B | $3.8B | ||
| Q1 25 | $2.7B | $3.8B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $3.8B |
净利润NIORJF
| Q1 26 | $38.7M | — | ||
| Q4 25 | — | $563.0M | ||
| Q3 25 | $-505.2M | $604.0M | ||
| Q2 25 | $-709.5M | $436.0M | ||
| Q1 25 | $-984.2M | $495.0M | ||
| Q4 24 | — | $600.0M | ||
| Q3 24 | — | $602.0M | ||
| Q2 24 | — | $492.0M |
毛利率NIORJF
| Q1 26 | 17.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 13.9% | — | ||
| Q2 25 | 10.0% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率NIORJF
| Q1 26 | 1.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -16.2% | — | ||
| Q2 25 | -25.8% | 14.7% | ||
| Q1 25 | -30.6% | 17.5% | ||
| Q4 24 | — | 18.6% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 17.1% |
净利率NIORJF
| Q1 26 | 0.8% | — | ||
| Q4 25 | — | 13.5% | ||
| Q3 25 | -16.8% | 14.4% | ||
| Q2 25 | -27.0% | 11.3% | ||
| Q1 25 | -36.2% | 12.9% | ||
| Q4 24 | — | 14.9% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 13.1% |
每股收益（稀释后）NIORJF
| Q1 26 | $0.05 | — | ||
| Q4 25 | — | $2.79 | ||
| Q3 25 | $-1.51 | $2.96 | ||
| Q2 25 | $-2.31 | $2.12 | ||
| Q1 25 | $-3.47 | $2.36 | ||
| Q4 24 | — | $2.86 | ||
| Q3 24 | — | $2.85 | ||
| Q2 24 | — | $2.31 |
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 | $9.9B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $594.8M | $12.6B |
| 总资产 | $17.8B | $88.8B |
| 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NIORJF
| Q1 26 | $4.4B | — | ||
| Q4 25 | — | $9.9B | ||
| Q3 25 | — | $11.4B | ||
| Q2 25 | $2.5B | $9.2B | ||
| Q1 25 | $4.6B | $9.7B | ||
| Q4 24 | — | $10.0B | ||
| Q3 24 | — | $11.0B | ||
| Q2 24 | — | $9.1B |
股东权益NIORJF
| Q1 26 | $594.8M | — | ||
| Q4 25 | — | $12.6B | ||
| Q3 25 | — | $12.5B | ||
| Q2 25 | $-168.3M | $12.3B | ||
| Q1 25 | $817.5M | $12.2B | ||
| Q4 24 | — | $11.9B | ||
| Q3 24 | — | $11.7B | ||
| Q2 24 | — | $11.2B |
总资产NIORJF
| Q1 26 | $17.8B | — | ||
| Q4 25 | — | $88.8B | ||
| Q3 25 | — | $88.2B | ||
| Q2 25 | $14.0B | $84.8B | ||
| Q1 25 | $14.7B | $83.1B | ||
| Q4 24 | — | $82.3B | ||
| Q3 24 | — | $83.0B | ||
| Q2 24 | — | $80.6B |
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 | $-10.0M |
| 自由现金流经营现金流 - 资本支出 | $-439.4M | $-56.0M |
| 自由现金流率自由现金流/营收 | -9.3% | -1.3% |
| 资本支出强度资本支出/营收 | 18.4% | 1.1% |
| 现金转化率经营现金流/净利润 | 11.07× | -0.02× |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流NIORJF
| Q1 26 | $427.9M | — | ||
| Q4 25 | — | $-10.0M | ||
| Q3 25 | — | $796.0M | ||
| Q2 25 | — | $691.0M | ||
| Q1 25 | $-1.1B | $117.0M | ||
| Q4 24 | — | $830.0M | ||
| Q3 24 | — | $510.0M | ||
| Q2 24 | — | $711.0M |
自由现金流NIORJF
| Q1 26 | $-439.4M | — | ||
| Q4 25 | — | $-56.0M | ||
| Q3 25 | — | $752.0M | ||
| Q2 25 | — | $634.0M | ||
| Q1 25 | $-2.3B | $71.0M | ||
| Q4 24 | — | $789.0M | ||
| Q3 24 | — | $460.0M | ||
| Q2 24 | — | $655.0M |
自由现金流率NIORJF
| Q1 26 | -9.3% | — | ||
| Q4 25 | — | -1.3% | ||
| Q3 25 | — | 17.9% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | -85.6% | 1.8% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | 17.4% |
资本支出强度NIORJF
| Q1 26 | 18.4% | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | 46.1% | 1.2% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.5% |
现金转化率NIORJF
| Q1 26 | 11.07× | — | ||
| Q4 25 | — | -0.02× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | — | 1.58× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 1.38× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | 1.45× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
