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蔚来（NIO）与Ross Stores（ROST）财务数据对比。点击上方公司名可切换其他公司
Ross Stores的季度营收约是蔚来的1.2倍（$5.6B vs $4.7B），Ross Stores净利率更高（9.1% vs 0.8%，领先8.3%），Ross Stores自由现金流更多（$617.8M 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。
Ross Stores, Inc.是美国知名折扣百货连锁集团，旗下核心品牌为Ross Dress for Less，总部位于加利福尼亚州都柏林，是美国规模最大的平价零售商。截至2024年7月，集团在全美43个州、华盛顿特区、波多黎各及关岛共运营1795家门店，暂未覆盖新英格兰地区及阿拉斯加，另拥有门店数超353家的折扣零售品牌DD's Discounts。
NIO vs ROST — 直观对比
营收规模更大
ROST
是对方的1.2倍
$4.7B
净利率更高
ROST
高出8.3%
0.8%
自由现金流更多
ROST
多$1.1B
$-439.4M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $5.6B |
| 净利润 | $38.7M | $511.9M |
| 毛利率 | 17.5% | 28.0% |
| 营业利润率 | 1.5% | 11.6% |
| 净利率 | 0.8% | 9.1% |
| 营收同比 | — | 10.4% |
| 净利润同比 | — | 4.7% |
| 每股收益（稀释后） | $0.05 | $1.58 |
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NIOROST
| Q1 26 | $4.7B | — | ||
| Q4 25 | — | $5.6B | ||
| Q3 25 | $3.0B | $5.5B | ||
| Q2 25 | $2.6B | $5.0B | ||
| Q1 25 | $2.7B | $5.9B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.3B | ||
| Q2 24 | — | $4.9B |
净利润NIOROST
| Q1 26 | $38.7M | — | ||
| Q4 25 | — | $511.9M | ||
| Q3 25 | $-505.2M | $508.0M | ||
| Q2 25 | $-709.5M | $479.2M | ||
| Q1 25 | $-984.2M | $586.8M | ||
| Q4 24 | — | $488.8M | ||
| Q3 24 | — | $527.1M | ||
| Q2 24 | — | $488.0M |
毛利率NIOROST
| Q1 26 | 17.5% | — | ||
| Q4 25 | — | 28.0% | ||
| Q3 25 | 13.9% | 27.6% | ||
| Q2 25 | 10.0% | 28.2% | ||
| Q1 25 | 11.7% | 26.5% | ||
| Q4 24 | — | 28.3% | ||
| Q3 24 | — | 28.3% | ||
| Q2 24 | — | 28.1% |
营业利润率NIOROST
| Q1 26 | 1.5% | — | ||
| Q4 25 | — | 11.6% | ||
| Q3 25 | -16.2% | 11.5% | ||
| Q2 25 | -25.8% | 12.2% | ||
| Q1 25 | -30.6% | 12.4% | ||
| Q4 24 | — | 11.9% | ||
| Q3 24 | — | 12.5% | ||
| Q2 24 | — | 12.2% |
净利率NIOROST
| Q1 26 | 0.8% | — | ||
| Q4 25 | — | 9.1% | ||
| Q3 25 | -16.8% | 9.2% | ||
| Q2 25 | -27.0% | 9.6% | ||
| Q1 25 | -36.2% | 9.9% | ||
| Q4 24 | — | 9.6% | ||
| Q3 24 | — | 10.0% | ||
| Q2 24 | — | 10.0% |
每股收益（稀释后）NIOROST
| Q1 26 | $0.05 | — | ||
| Q4 25 | — | $1.58 | ||
| Q3 25 | $-1.51 | $1.56 | ||
| Q2 25 | $-2.31 | $1.47 | ||
| Q1 25 | $-3.47 | $1.79 | ||
| Q4 24 | — | $1.48 | ||
| Q3 24 | — | $1.59 | ||
| Q2 24 | — | $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 | $4.4B | $4.1B |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $594.8M | $5.9B |
| 总资产 | $17.8B | $15.4B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资NIOROST
| Q1 26 | $4.4B | — | ||
| Q4 25 | — | $4.1B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | $2.5B | $3.8B | ||
| Q1 25 | $4.6B | $4.7B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.7B |
总债务NIOROST
| Q1 26 | — | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B |
股东权益NIOROST
| Q1 26 | $594.8M | — | ||
| Q4 25 | — | $5.9B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | $-168.3M | $5.6B | ||
| Q1 25 | $817.5M | $5.5B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $4.9B |
总资产NIOROST
| Q1 26 | $17.8B | — | ||
| Q4 25 | — | $15.4B | ||
| Q3 25 | — | $14.5B | ||
| Q2 25 | $14.0B | $14.3B | ||
| Q1 25 | $14.7B | $14.9B | ||
| Q4 24 | — | $14.9B | ||
| Q3 24 | — | $14.7B | ||
| Q2 24 | — | $14.5B |
负债/权益比NIOROST
| Q1 26 | — | — | ||
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.42× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.50× |
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 | $827.1M |
| 自由现金流经营现金流 - 资本支出 | $-439.4M | $617.8M |
| 自由现金流率自由现金流/营收 | -9.3% | 11.0% |
| 资本支出强度资本支出/营收 | 18.4% | 3.7% |
| 现金转化率经营现金流/净利润 | 11.07× | 1.62× |
| 过去12个月自由现金流最近4个季度 | — | $2.0B |
8季度趋势，按日历期对齐
经营现金流NIOROST
| Q1 26 | $427.9M | — | ||
| Q4 25 | — | $827.1M | ||
| Q3 25 | — | $668.4M | ||
| Q2 25 | — | $409.7M | ||
| Q1 25 | $-1.1B | $882.6M | ||
| Q4 24 | — | $513.4M | ||
| Q3 24 | — | $592.1M | ||
| Q2 24 | — | $368.9M |
自由现金流NIOROST
| Q1 26 | $-439.4M | — | ||
| Q4 25 | — | $617.8M | ||
| Q3 25 | — | $466.6M | ||
| Q2 25 | — | $202.3M | ||
| Q1 25 | $-2.3B | $676.6M | ||
| Q4 24 | — | $333.0M | ||
| Q3 24 | — | $394.6M | ||
| Q2 24 | — | $232.7M |
自由现金流率NIOROST
| Q1 26 | -9.3% | — | ||
| Q4 25 | — | 11.0% | ||
| Q3 25 | — | 8.4% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | -85.6% | 11.4% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 4.8% |
资本支出强度NIOROST
| Q1 26 | 18.4% | — | ||
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | 46.1% | 3.5% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 2.8% |
现金转化率NIOROST
| Q1 26 | 11.07× | — | ||
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | — | 0.85× | ||
| Q1 25 | — | 1.50× | ||
| Q4 24 | — | 1.05× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 0.76× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
