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BLUE OWL CAPITAL INC.（OWL）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BLUE OWL CAPITAL INC.的1.7倍（$1.3B vs $755.6M），BLUE OWL CAPITAL INC.净利率更高（6.3% vs -63.1%，领先69.4%），BLUE OWL CAPITAL INC.同比增速更快（19.7% vs -25.8%），BLUE OWL CAPITAL INC.自由现金流更多（$359.1M vs $-1.1B），过去两年BLUE OWL CAPITAL INC.的营收复合增速更高（21.3% vs 3.3%）
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
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。
OWL vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.7倍
$755.6M
营收增速更快
OWL
高出45.5%
-25.8%
净利率更高
OWL
高出69.4%
-63.1%
自由现金流更多
OWL
多$1.5B
$-1.1B
两年增速更快
OWL
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $755.6M | $1.3B |
| 净利润 | $47.7M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | 22.2% | -64.8% |
| 净利率 | 6.3% | -63.1% |
| 营收同比 | 19.7% | -25.8% |
| 净利润同比 | 129.8% | -9.0% |
| 每股收益（稀释后） | $0.07 | $-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OWLRIVN
| Q4 25 | $755.6M | $1.3B | ||
| Q3 25 | $728.0M | $1.6B | ||
| Q2 25 | $703.1M | $1.3B | ||
| Q1 25 | $683.5M | $1.2B | ||
| Q4 24 | $631.4M | $1.7B | ||
| Q3 24 | $600.9M | $874.0M | ||
| Q2 24 | $549.8M | $1.2B | ||
| Q1 24 | $513.3M | $1.2B |
净利润OWLRIVN
| Q4 25 | $47.7M | $-811.0M | ||
| Q3 25 | $6.3M | $-1.2B | ||
| Q2 25 | $17.4M | $-1.1B | ||
| Q1 25 | $7.4M | $-545.0M | ||
| Q4 24 | $20.7M | $-744.0M | ||
| Q3 24 | $29.8M | $-1.1B | ||
| Q2 24 | $33.9M | $-1.5B | ||
| Q1 24 | $25.1M | $-1.4B |
毛利率OWLRIVN
| 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OWLRIVN
| Q4 25 | 22.2% | -64.8% | ||
| Q3 25 | 7.6% | -63.1% | ||
| Q2 25 | 12.0% | -85.5% | ||
| Q1 25 | 5.9% | -52.8% | ||
| Q4 24 | 11.7% | -38.1% | ||
| Q3 24 | 18.7% | -133.8% | ||
| Q2 24 | 28.4% | -118.7% | ||
| Q1 24 | 24.7% | -123.3% |
净利率OWLRIVN
| Q4 25 | 6.3% | -63.1% | ||
| Q3 25 | 0.9% | -75.3% | ||
| Q2 25 | 2.5% | -85.7% | ||
| Q1 25 | 1.1% | -44.0% | ||
| Q4 24 | 3.3% | -42.9% | ||
| Q3 24 | 5.0% | -125.9% | ||
| Q2 24 | 6.2% | -125.8% | ||
| Q1 24 | 4.9% | -120.1% |
每股收益（稀释后）OWLRIVN
| Q4 25 | $0.07 | $-0.66 | ||
| Q3 25 | $0.01 | $-0.96 | ||
| Q2 25 | $0.02 | $-0.97 | ||
| Q1 25 | $0.00 | $-0.48 | ||
| Q4 24 | $0.06 | $-0.67 | ||
| Q3 24 | $0.04 | $-1.08 | ||
| Q2 24 | $0.06 | $-1.46 | ||
| Q1 24 | $0.04 | $-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 | $194.5M | $6.1B |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $2.2B | $4.6B |
| 总资产 | $12.5B | $14.9B |
| 负债/权益比越低杠杆越低 | 1.51× | — |
8季度趋势，按日历期对齐
现金及短期投资OWLRIVN
| Q4 25 | $194.5M | $6.1B | ||
| Q3 25 | $137.3M | $7.1B | ||
| Q2 25 | $117.6M | $7.5B | ||
| Q1 25 | $97.6M | $7.2B | ||
| Q4 24 | $152.1M | $7.7B | ||
| Q3 24 | $115.9M | $6.7B | ||
| Q2 24 | $436.8M | $7.9B | ||
| Q1 24 | $155.8M | $7.9B |
总债务OWLRIVN
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | $5.5B | ||
| Q1 24 | $2.1B | $4.4B |
股东权益OWLRIVN
| Q4 25 | $2.2B | $4.6B | ||
| Q3 25 | $2.3B | $5.1B | ||
| Q2 25 | $2.4B | $6.1B | ||
| Q1 25 | $2.3B | $6.2B | ||
| Q4 24 | $2.1B | $6.6B | ||
| Q3 24 | $2.0B | $5.9B | ||
| Q2 24 | $1.7B | $6.8B | ||
| Q1 24 | $1.6B | $8.1B |
总资产OWLRIVN
| Q4 25 | $12.5B | $14.9B | ||
| Q3 25 | $12.5B | $15.2B | ||
| Q2 25 | $12.3B | $15.6B | ||
| Q1 25 | $12.3B | $15.5B | ||
| Q4 24 | $11.0B | $15.4B | ||
| Q3 24 | $10.8B | $14.3B | ||
| Q2 24 | $9.7B | $15.4B | ||
| Q1 24 | $9.0B | $15.7B |
负债/权益比OWLRIVN
| Q4 25 | 1.51× | — | ||
| Q3 25 | 1.41× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.41× | 0.81× | ||
| Q1 24 | 1.26× | 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 | $382.9M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $359.1M | $-1.1B |
| 自由现金流率自由现金流/营收 | 47.5% | -89.0% |
| 资本支出强度资本支出/营收 | 3.1% | 36.0% |
| 现金转化率经营现金流/净利润 | 8.03× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $-2.5B |
8季度趋势，按日历期对齐
经营现金流OWLRIVN
| Q4 25 | $382.9M | $-681.0M | ||
| Q3 25 | $433.1M | $26.0M | ||
| Q2 25 | $422.5M | $64.0M | ||
| Q1 25 | $17.6M | $-188.0M | ||
| Q4 24 | $324.0M | $1.2B | ||
| Q3 24 | $326.0M | $-876.0M | ||
| Q2 24 | $302.3M | $-754.0M | ||
| Q1 24 | $47.2M | $-1.3B |
自由现金流OWLRIVN
| Q4 25 | $359.1M | $-1.1B | ||
| Q3 25 | $422.5M | $-421.0M | ||
| Q2 25 | $412.5M | $-398.0M | ||
| Q1 25 | $4.2M | $-526.0M | ||
| Q4 24 | $310.1M | $856.0M | ||
| Q3 24 | $314.8M | $-1.2B | ||
| Q2 24 | $269.4M | $-1.0B | ||
| Q1 24 | $41.1M | $-1.5B |
自由现金流率OWLRIVN
| Q4 25 | 47.5% | -89.0% | ||
| Q3 25 | 58.0% | -27.0% | ||
| Q2 25 | 58.7% | -30.5% | ||
| Q1 25 | 0.6% | -42.4% | ||
| Q4 24 | 49.1% | 49.4% | ||
| Q3 24 | 52.4% | -131.9% | ||
| Q2 24 | 49.0% | -89.6% | ||
| Q1 24 | 8.0% | -126.5% |
资本支出强度OWLRIVN
| Q4 25 | 3.1% | 36.0% | ||
| Q3 25 | 1.5% | 28.7% | ||
| Q2 25 | 1.4% | 35.5% | ||
| Q1 25 | 2.0% | 27.3% | ||
| Q4 24 | 2.2% | 18.9% | ||
| Q3 24 | 1.9% | 31.7% | ||
| Q2 24 | 6.0% | 24.4% | ||
| Q1 24 | 1.2% | 21.1% |
现金转化率OWLRIVN
| Q4 25 | 8.03× | — | ||
| Q3 25 | 68.64× | — | ||
| Q2 25 | 24.25× | — | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 15.62× | — | ||
| Q3 24 | 10.94× | — | ||
| Q2 24 | 8.91× | — | ||
| Q1 24 | 1.88× | — |
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
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
