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Rivian Automotive, Inc.（RIVN）与RUSH ENTERPRISES INC \TX\（RUSHA）财务数据对比。点击上方公司名可切换其他公司
RUSH ENTERPRISES INC \TX\的季度营收约是Rivian Automotive, Inc.的1.3倍（$1.7B vs $1.3B），RUSH ENTERPRISES INC \TX\净利率更高（3.7% vs -63.1%，领先66.7%），RUSH ENTERPRISES INC \TX\同比增速更快（-9.0% vs -25.8%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $-1.1B），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% vs -6.8%）
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。
Rush Enterprises是总部位于美国得克萨斯州新布朗费尔斯的商用车经销商，核心业务是通过旗下Rush Truck Centers销售全新及二手卡车。2019年该公司在全美20个州运营超200家卡车中心，在加拿大设有14个网点，2020年入选财富500强榜单。
RIVN vs RUSHA — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.7B |
| 净利润 | $-811.0M | $61.7M |
| 毛利率 | 9.3% | 20.4% |
| 营业利润率 | -64.8% | 4.9% |
| 净利率 | -63.1% | 3.7% |
| 营收同比 | -25.8% | -9.0% |
| 净利润同比 | -9.0% | 1.8% |
| 每股收益（稀释后） | $-0.66 | $0.77 |
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
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.7B | $1.9B | ||
| Q3 24 | $874.0M | $1.8B | ||
| Q2 24 | $1.2B | $1.9B |
| Q1 26 | — | $61.7M | ||
| Q4 25 | $-811.0M | $64.3M | ||
| Q3 25 | $-1.2B | $66.7M | ||
| Q2 25 | $-1.1B | $72.4M | ||
| Q1 25 | $-545.0M | $60.3M | ||
| Q4 24 | $-744.0M | $74.8M | ||
| Q3 24 | $-1.1B | $79.1M | ||
| Q2 24 | $-1.5B | $78.7M |
| Q1 26 | — | 20.4% | ||
| Q4 25 | 9.3% | 20.8% | ||
| Q3 25 | 1.5% | 21.0% | ||
| Q2 25 | -15.8% | 20.7% | ||
| Q1 25 | 16.6% | 20.3% | ||
| Q4 24 | 9.8% | 19.3% | ||
| Q3 24 | -44.9% | 21.0% | ||
| Q2 24 | -38.9% | 20.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | -64.8% | 5.5% | ||
| Q3 25 | -63.1% | 5.6% | ||
| Q2 25 | -85.5% | 6.0% | ||
| Q1 25 | -52.8% | 5.2% | ||
| Q4 24 | -38.1% | 5.8% | ||
| Q3 24 | -133.8% | 6.7% | ||
| Q2 24 | -118.7% | 6.4% |
| Q1 26 | — | 3.7% | ||
| Q4 25 | -63.1% | 3.8% | ||
| Q3 25 | -75.3% | 3.7% | ||
| Q2 25 | -85.7% | 3.9% | ||
| Q1 25 | -44.0% | 3.4% | ||
| Q4 24 | -42.9% | 3.9% | ||
| Q3 24 | -125.9% | 4.4% | ||
| Q2 24 | -125.8% | 4.1% |
| Q1 26 | — | $0.77 | ||
| Q4 25 | $-0.66 | $0.81 | ||
| Q3 25 | $-0.96 | $0.83 | ||
| Q2 25 | $-0.97 | $0.90 | ||
| Q1 25 | $-0.48 | $0.73 | ||
| Q4 24 | $-0.67 | $-95.13 | ||
| Q3 24 | $-1.08 | $0.97 | ||
| Q2 24 | $-1.46 | $97.00 |
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 | $6.1B | — |
| 总债务越低越好 | — | $277.8M |
| 股东权益账面价值 | $4.6B | $2.3B |
| 总资产 | $14.9B | $4.5B |
| 负债/权益比越低杠杆越低 | — | 0.12× |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $6.1B | $212.6M | ||
| Q3 25 | $7.1B | $242.0M | ||
| Q2 25 | $7.5B | $211.1M | ||
| Q1 25 | $7.2B | $228.7M | ||
| Q4 24 | $7.7B | $228.1M | ||
| Q3 24 | $6.7B | $185.1M | ||
| Q2 24 | $7.9B | $167.3M |
| Q1 26 | — | $277.8M | ||
| Q4 25 | — | $274.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $408.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | $5.5B | — |
| Q1 26 | — | $2.3B | ||
| Q4 25 | $4.6B | $2.2B | ||
| Q3 25 | $5.1B | $2.2B | ||
| Q2 25 | $6.1B | $2.2B | ||
| Q1 25 | $6.2B | $2.2B | ||
| Q4 24 | $6.6B | $2.1B | ||
| Q3 24 | $5.9B | $2.1B | ||
| Q2 24 | $6.8B | $2.0B |
| Q1 26 | — | $4.5B | ||
| Q4 25 | $14.9B | $4.4B | ||
| Q3 25 | $15.2B | $4.6B | ||
| Q2 25 | $15.6B | $4.7B | ||
| Q1 25 | $15.5B | $4.7B | ||
| Q4 24 | $15.4B | $4.6B | ||
| Q3 24 | $14.3B | $4.6B | ||
| Q2 24 | $15.4B | $4.5B |
| Q1 26 | — | 0.12× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.81× | — |
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 | $-681.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-1.1B | $411.6M |
| 自由现金流率自由现金流/营收 | -89.0% | 24.4% |
| 资本支出强度资本支出/营收 | 36.0% | 2.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-2.5B | $828.4M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $-681.0M | $112.9M | ||
| Q3 25 | $26.0M | $367.8M | ||
| Q2 25 | $64.0M | $227.6M | ||
| Q1 25 | $-188.0M | $153.5M | ||
| Q4 24 | $1.2B | $392.3M | ||
| Q3 24 | $-876.0M | $111.7M | ||
| Q2 24 | $-754.0M | $270.6M |
| Q1 26 | — | $411.6M | ||
| Q4 25 | $-1.1B | $31.9M | ||
| Q3 25 | $-421.0M | $271.2M | ||
| Q2 25 | $-398.0M | $113.8M | ||
| Q1 25 | $-526.0M | $45.1M | ||
| Q4 24 | $856.0M | $263.5M | ||
| Q3 24 | $-1.2B | $-20.0M | ||
| Q2 24 | $-1.0B | $177.2M |
| Q1 26 | — | 24.4% | ||
| Q4 25 | -89.0% | 1.9% | ||
| Q3 25 | -27.0% | 15.2% | ||
| Q2 25 | -30.5% | 6.2% | ||
| Q1 25 | -42.4% | 2.6% | ||
| Q4 24 | 49.4% | 13.7% | ||
| Q3 24 | -131.9% | -1.1% | ||
| Q2 24 | -89.6% | 9.1% |
| Q1 26 | — | 2.0% | ||
| Q4 25 | 36.0% | 4.8% | ||
| Q3 25 | 28.7% | 5.4% | ||
| Q2 25 | 35.5% | 6.2% | ||
| Q1 25 | 27.3% | 6.2% | ||
| Q4 24 | 18.9% | 6.7% | ||
| Q3 24 | 31.7% | 7.3% | ||
| Q2 24 | 24.4% | 4.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.75× | ||
| Q3 25 | — | 5.51× | ||
| Q2 25 | — | 3.14× | ||
| Q1 25 | — | 2.55× | ||
| Q4 24 | — | 5.25× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 3.44× |
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
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
RUSHA
| New and used commercial vehicle sales | $955.1M | 57% |
| Aftermarket products and services sales | $627.2M | 37% |
| Lease and rental sales | $92.3M | 5% |
| Finance and insurance | $5.6M | 0% |
