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RH（RH）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RH的1.5倍（$1.3B vs $883.8M），RH净利率更高（4.1% vs -63.1%，领先67.2%），RH同比增速更快（8.9% vs -25.8%），RH自由现金流更多（$83.0M vs $-1.1B），过去两年RH的营收复合增速更高（9.4% vs 3.3%）
RH是美国高端家居品牌，总部位于加利福尼亚州科尔特马德拉。品牌通过线下零售门店、产品目录和线上渠道发售家居商品，截至2018年8月，在美国和加拿大共运营70家展示馆、18家全系列设计展示馆、3家婴童家居展示馆，另有36家奥莱门店。
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。
RH vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.5倍
$883.8M
营收增速更快
RH
高出34.7%
-25.8%
净利率更高
RH
高出67.2%
-63.1%
自由现金流更多
RH
多$1.2B
$-1.1B
两年增速更快
RH
近两年复合增速
3.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $883.8M | $1.3B |
| 净利润 | $36.3M | $-811.0M |
| 毛利率 | 44.1% | 9.3% |
| 营业利润率 | 12.0% | -64.8% |
| 净利率 | 4.1% | -63.1% |
| 营收同比 | 8.9% | -25.8% |
| 净利润同比 | 9.3% | -9.0% |
| 每股收益（稀释后） | $1.83 | $-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RHRIVN
| Q4 25 | $883.8M | $1.3B | ||
| Q3 25 | $899.2M | $1.6B | ||
| Q2 25 | $814.0M | $1.3B | ||
| Q1 25 | $812.4M | $1.2B | ||
| Q4 24 | $811.7M | $1.7B | ||
| Q3 24 | $829.7M | $874.0M | ||
| Q2 24 | $727.0M | $1.2B | ||
| Q1 24 | $738.3M | $1.2B |
净利润RHRIVN
| Q4 25 | $36.3M | $-811.0M | ||
| Q3 25 | $51.7M | $-1.2B | ||
| Q2 25 | $8.0M | $-1.1B | ||
| Q1 25 | $13.9M | $-545.0M | ||
| Q4 24 | $33.2M | $-744.0M | ||
| Q3 24 | $29.0M | $-1.1B | ||
| Q2 24 | $-3.6M | $-1.5B | ||
| Q1 24 | $11.4M | $-1.4B |
毛利率RHRIVN
| Q4 25 | 44.1% | 9.3% | ||
| Q3 25 | 45.5% | 1.5% | ||
| Q2 25 | 43.7% | -15.8% | ||
| Q1 25 | 44.7% | 16.6% | ||
| Q4 24 | 44.5% | 9.8% | ||
| Q3 24 | 45.2% | -44.9% | ||
| Q2 24 | 43.5% | -38.9% | ||
| Q1 24 | 43.5% | -43.8% |
营业利润率RHRIVN
| Q4 25 | 12.0% | -64.8% | ||
| Q3 25 | 14.3% | -63.1% | ||
| Q2 25 | 6.9% | -85.5% | ||
| Q1 25 | 8.7% | -52.8% | ||
| Q4 24 | 12.5% | -38.1% | ||
| Q3 24 | 11.6% | -133.8% | ||
| Q2 24 | 7.5% | -118.7% | ||
| Q1 24 | 8.7% | -123.3% |
净利率RHRIVN
| Q4 25 | 4.1% | -63.1% | ||
| Q3 25 | 5.8% | -75.3% | ||
| Q2 25 | 1.0% | -85.7% | ||
| Q1 25 | 1.7% | -44.0% | ||
| Q4 24 | 4.1% | -42.9% | ||
| Q3 24 | 3.5% | -125.9% | ||
| Q2 24 | -0.5% | -125.8% | ||
| Q1 24 | 1.5% | -120.1% |
每股收益（稀释后）RHRIVN
| Q4 25 | $1.83 | $-0.66 | ||
| Q3 25 | $2.62 | $-0.96 | ||
| Q2 25 | $0.40 | $-0.97 | ||
| Q1 25 | $0.71 | $-0.48 | ||
| Q4 24 | $1.66 | $-0.67 | ||
| Q3 24 | $1.45 | $-1.08 | ||
| Q2 24 | $-0.20 | $-1.46 | ||
| Q1 24 | $0.91 | $-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 | $43.1M | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3M | $4.6B |
| 总资产 | $4.8B | $14.9B |
| 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RHRIVN
| Q4 25 | $43.1M | $6.1B | ||
| Q3 25 | $34.6M | $7.1B | ||
| Q2 25 | $46.1M | $7.5B | ||
| Q1 25 | $30.4M | $7.2B | ||
| Q4 24 | $87.0M | $7.7B | ||
| Q3 24 | $78.3M | $6.7B | ||
| Q2 24 | $101.8M | $7.9B | ||
| Q1 24 | $123.7M | $7.9B |
总债务RHRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益RHRIVN
| Q4 25 | $3.3M | $4.6B | ||
| Q3 25 | $-40.9M | $5.1B | ||
| Q2 25 | $-110.8M | $6.1B | ||
| Q1 25 | $-163.6M | $6.2B | ||
| Q4 24 | $-183.0M | $6.6B | ||
| Q3 24 | $-234.7M | $5.9B | ||
| Q2 24 | $-289.9M | $6.8B | ||
| Q1 24 | $-297.4M | $8.1B |
总资产RHRIVN
| Q4 25 | $4.8B | $14.9B | ||
| Q3 25 | $4.7B | $15.2B | ||
| Q2 25 | $4.7B | $15.6B | ||
| Q1 25 | $4.6B | $15.5B | ||
| Q4 24 | $4.5B | $15.4B | ||
| Q3 24 | $4.4B | $14.3B | ||
| Q2 24 | $4.2B | $15.4B | ||
| Q1 24 | $4.1B | $15.7B |
负债/权益比RHRIVN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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 | $131.9M | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | $-1.1B |
| 自由现金流率自由现金流/营收 | 9.4% | -89.0% |
| 资本支出强度资本支出/营收 | 5.5% | 36.0% |
| 现金转化率经营现金流/净利润 | 3.64× | — |
| 过去12个月自由现金流最近4个季度 | $128.1M | $-2.5B |
8季度趋势，按日历期对齐
经营现金流RHRIVN
| Q4 25 | $131.9M | $-681.0M | ||
| Q3 25 | $137.7M | $26.0M | ||
| Q2 25 | $86.6M | $64.0M | ||
| Q1 25 | $-18.8M | $-188.0M | ||
| Q4 24 | $-31.4M | $1.2B | ||
| Q3 24 | $11.2M | $-876.0M | ||
| Q2 24 | $56.1M | $-754.0M | ||
| Q1 24 | $-114.0M | $-1.3B |
自由现金流RHRIVN
| Q4 25 | $83.0M | $-1.1B | ||
| Q3 25 | $80.7M | $-421.0M | ||
| Q2 25 | $34.1M | $-398.0M | ||
| Q1 25 | $-69.7M | $-526.0M | ||
| Q4 24 | $-96.0M | $856.0M | ||
| Q3 24 | $-37.9M | $-1.2B | ||
| Q2 24 | $-10.1M | $-1.0B | ||
| Q1 24 | $-251.5M | $-1.5B |
自由现金流率RHRIVN
| Q4 25 | 9.4% | -89.0% | ||
| Q3 25 | 9.0% | -27.0% | ||
| Q2 25 | 4.2% | -30.5% | ||
| Q1 25 | -8.6% | -42.4% | ||
| Q4 24 | -11.8% | 49.4% | ||
| Q3 24 | -4.6% | -131.9% | ||
| Q2 24 | -1.4% | -89.6% | ||
| Q1 24 | -34.1% | -126.5% |
资本支出强度RHRIVN
| Q4 25 | 5.5% | 36.0% | ||
| Q3 25 | 6.3% | 28.7% | ||
| Q2 25 | 6.5% | 35.5% | ||
| Q1 25 | 6.3% | 27.3% | ||
| Q4 24 | 8.0% | 18.9% | ||
| Q3 24 | 5.9% | 31.7% | ||
| Q2 24 | 9.1% | 24.4% | ||
| Q1 24 | 18.6% | 21.1% |
现金转化率RHRIVN
| Q4 25 | 3.64× | — | ||
| Q3 25 | 2.66× | — | ||
| Q2 25 | 10.78× | — | ||
| Q1 25 | -1.35× | — | ||
| Q4 24 | -0.95× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -10.01× | — |
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
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
