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PVH CORP.（PVH）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
PVH CORP.的季度营收约是Rivian Automotive, Inc.的1.8倍（$2.3B vs $1.3B），PVH CORP.净利率更高（0.2% vs -63.1%，领先63.2%），PVH CORP.同比增速更快（1.7% vs -25.8%），PVH CORP.自由现金流更多（$-85.1M vs $-1.1B）
PVH集团是源自美国的知名服饰企业，前身为Phillips-Van Heusen公司，旗下拥有Tommy Hilfiger、Calvin Klein等标志性时尚品牌，同时还获得Kenneth Cole New York、Michael Kors等品牌的授权经营许可，在全球服饰消费市场拥有广泛影响力。
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。
PVH vs RIVN — 直观对比
营收规模更大
PVH
是对方的1.8倍
$1.3B
营收增速更快
PVH
高出27.6%
-25.8%
净利率更高
PVH
高出63.2%
-63.1%
自由现金流更多
PVH
多$1.1B
$-1.1B
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.3B |
| 净利润 | $4.2M | $-811.0M |
| 毛利率 | 56.3% | 9.3% |
| 营业利润率 | 7.9% | -64.8% |
| 净利率 | 0.2% | -63.1% |
| 营收同比 | 1.7% | -25.8% |
| 净利润同比 | -96.8% | -9.0% |
| 每股收益（稀释后） | $0.09 | $-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PVHRIVN
| Q4 25 | $2.3B | $1.3B | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $2.0B | $1.3B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $874.0M | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
净利润PVHRIVN
| Q4 25 | $4.2M | $-811.0M | ||
| Q3 25 | $224.2M | $-1.2B | ||
| Q2 25 | $-44.8M | $-1.1B | ||
| Q1 25 | — | $-545.0M | ||
| Q4 24 | — | $-744.0M | ||
| Q3 24 | — | $-1.1B | ||
| Q2 24 | — | $-1.5B | ||
| Q1 24 | — | $-1.4B |
毛利率PVHRIVN
| Q4 25 | 56.3% | 9.3% | ||
| Q3 25 | 57.7% | 1.5% | ||
| Q2 25 | 58.6% | -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PVHRIVN
| Q4 25 | 7.9% | -64.8% | ||
| Q3 25 | 6.1% | -63.1% | ||
| Q2 25 | -16.7% | -85.5% | ||
| Q1 25 | — | -52.8% | ||
| Q4 24 | — | -38.1% | ||
| Q3 24 | — | -133.8% | ||
| Q2 24 | — | -118.7% | ||
| Q1 24 | — | -123.3% |
净利率PVHRIVN
| Q4 25 | 0.2% | -63.1% | ||
| Q3 25 | 10.3% | -75.3% | ||
| Q2 25 | -2.3% | -85.7% | ||
| Q1 25 | — | -44.0% | ||
| Q4 24 | — | -42.9% | ||
| Q3 24 | — | -125.9% | ||
| Q2 24 | — | -125.8% | ||
| Q1 24 | — | -120.1% |
每股收益（稀释后）PVHRIVN
| Q4 25 | $0.09 | $-0.66 | ||
| Q3 25 | $4.63 | $-0.96 | ||
| Q2 25 | $-0.88 | $-0.97 | ||
| Q1 25 | — | $-0.48 | ||
| Q4 24 | — | $-0.67 | ||
| Q3 24 | — | $-1.08 | ||
| Q2 24 | — | $-1.46 | ||
| Q1 24 | — | $-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 | $158.2M | $6.1B |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $4.9B | $4.6B |
| 总资产 | $11.4B | $14.9B |
| 负债/权益比越低杠杆越低 | 0.46× | — |
8季度趋势，按日历期对齐
现金及短期投资PVHRIVN
| Q4 25 | $158.2M | $6.1B | ||
| Q3 25 | $248.8M | $7.1B | ||
| Q2 25 | $191.0M | $7.5B | ||
| Q1 25 | — | $7.2B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | — | $6.7B | ||
| Q2 24 | — | $7.9B | ||
| Q1 24 | — | $7.9B |
总债务PVHRIVN
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益PVHRIVN
| Q4 25 | $4.9B | $4.6B | ||
| Q3 25 | $4.9B | $5.1B | ||
| Q2 25 | $4.6B | $6.1B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $8.1B |
总资产PVHRIVN
| Q4 25 | $11.4B | $14.9B | ||
| Q3 25 | $11.6B | $15.2B | ||
| Q2 25 | $10.7B | $15.6B | ||
| Q1 25 | — | $15.5B | ||
| Q4 24 | — | $15.4B | ||
| Q3 24 | — | $14.3B | ||
| Q2 24 | — | $15.4B | ||
| Q1 24 | — | $15.7B |
负债/权益比PVHRIVN
| Q4 25 | 0.46× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 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 | $-44.5M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $-85.1M | $-1.1B |
| 自由现金流率自由现金流/营收 | -3.7% | -89.0% |
| 资本支出强度资本支出/营收 | 1.8% | 36.0% |
| 现金转化率经营现金流/净利润 | -10.60× | — |
| 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PVHRIVN
| Q4 25 | $-44.5M | $-681.0M | ||
| Q3 25 | $213.1M | $26.0M | ||
| Q2 25 | $-71.4M | $64.0M | ||
| Q1 25 | — | $-188.0M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $-876.0M | ||
| Q2 24 | — | $-754.0M | ||
| Q1 24 | — | $-1.3B |
自由现金流PVHRIVN
| Q4 25 | $-85.1M | $-1.1B | ||
| Q3 25 | $181.9M | $-421.0M | ||
| Q2 25 | $-98.1M | $-398.0M | ||
| Q1 25 | — | $-526.0M | ||
| Q4 24 | — | $856.0M | ||
| Q3 24 | — | $-1.2B | ||
| Q2 24 | — | $-1.0B | ||
| Q1 24 | — | $-1.5B |
自由现金流率PVHRIVN
| Q4 25 | -3.7% | -89.0% | ||
| Q3 25 | 8.4% | -27.0% | ||
| Q2 25 | -4.9% | -30.5% | ||
| Q1 25 | — | -42.4% | ||
| Q4 24 | — | 49.4% | ||
| Q3 24 | — | -131.9% | ||
| Q2 24 | — | -89.6% | ||
| Q1 24 | — | -126.5% |
资本支出强度PVHRIVN
| Q4 25 | 1.8% | 36.0% | ||
| Q3 25 | 1.4% | 28.7% | ||
| Q2 25 | 1.3% | 35.5% | ||
| Q1 25 | — | 27.3% | ||
| Q4 24 | — | 18.9% | ||
| Q3 24 | — | 31.7% | ||
| Q2 24 | — | 24.4% | ||
| Q1 24 | — | 21.1% |
现金转化率PVHRIVN
| Q4 25 | -10.60× | — | ||
| Q3 25 | 0.95× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
PVH
| Sales Channel Salesto Wholesale Customers | $1.0B | 44% |
| Sales Channel Sales To Owned And Operated Retail Customers | $868.0M | 38% |
| Sales Channel Sales To Owned And Operated Digital Retail Customers | $186.6M | 8% |
| Licensing | $99.5M | 4% |
| Other | $75.8M | 3% |
| Heritage Brands | $51.3M | 2% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
