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Rivian Automotive, Inc.（RIVN）与Ubiquiti Inc.（UI）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Ubiquiti Inc.的1.6倍（$1.3B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs -63.1%，领先91.7%），Ubiquiti Inc.同比增速更快（35.8% vs -25.8%），Ubiquiti Inc.自由现金流更多（$260.3M vs $-1.1B），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 3.3%）
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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
RIVN vs UI — 直观对比
营收规模更大
RIVN
是对方的1.6倍
$814.9M
营收增速更快
UI
高出61.7%
-25.8%
净利率更高
UI
高出91.7%
-63.1%
自由现金流更多
UI
多$1.4B
$-1.1B
两年增速更快
UI
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $814.9M |
| 净利润 | $-811.0M | $233.6M |
| 毛利率 | 9.3% | 45.9% |
| 营业利润率 | -64.8% | 35.9% |
| 净利率 | -63.1% | 28.7% |
| 营收同比 | -25.8% | 35.8% |
| 净利润同比 | -9.0% | 70.8% |
| 每股收益（稀释后） | $-0.66 | $3.86 |
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RIVNUI
| Q4 25 | $1.3B | $814.9M | ||
| Q3 25 | $1.6B | $733.8M | ||
| Q2 25 | $1.3B | $759.2M | ||
| Q1 25 | $1.2B | $664.2M | ||
| Q4 24 | $1.7B | $599.9M | ||
| Q3 24 | $874.0M | $550.3M | ||
| Q2 24 | $1.2B | $507.5M | ||
| Q1 24 | $1.2B | $493.0M |
净利润RIVNUI
| Q4 25 | $-811.0M | $233.6M | ||
| Q3 25 | $-1.2B | $207.9M | ||
| Q2 25 | $-1.1B | $266.7M | ||
| Q1 25 | $-545.0M | $180.4M | ||
| Q4 24 | $-744.0M | $136.8M | ||
| Q3 24 | $-1.1B | $128.0M | ||
| Q2 24 | $-1.5B | $103.8M | ||
| Q1 24 | $-1.4B | $76.3M |
毛利率RIVNUI
| Q4 25 | 9.3% | 45.9% | ||
| Q3 25 | 1.5% | 46.0% | ||
| Q2 25 | -15.8% | 45.1% | ||
| Q1 25 | 16.6% | 44.5% | ||
| Q4 24 | 9.8% | 41.2% | ||
| Q3 24 | -44.9% | 42.1% | ||
| Q2 24 | -38.9% | 40.2% | ||
| Q1 24 | -43.8% | 35.3% |
营业利润率RIVNUI
| Q4 25 | -64.8% | 35.9% | ||
| Q3 25 | -63.1% | 35.7% | ||
| Q2 25 | -85.5% | 34.4% | ||
| Q1 25 | -52.8% | 34.2% | ||
| Q4 24 | -38.1% | 29.8% | ||
| Q3 24 | -133.8% | 30.7% | ||
| Q2 24 | -118.7% | 27.3% | ||
| Q1 24 | -123.3% | 22.6% |
净利率RIVNUI
| Q4 25 | -63.1% | 28.7% | ||
| Q3 25 | -75.3% | 28.3% | ||
| Q2 25 | -85.7% | 35.1% | ||
| Q1 25 | -44.0% | 27.2% | ||
| Q4 24 | -42.9% | 22.8% | ||
| Q3 24 | -125.9% | 23.3% | ||
| Q2 24 | -125.8% | 20.5% | ||
| Q1 24 | -120.1% | 15.5% |
每股收益（稀释后）RIVNUI
| Q4 25 | $-0.66 | $3.86 | ||
| Q3 25 | $-0.96 | $3.43 | ||
| Q2 25 | $-0.97 | $4.40 | ||
| Q1 25 | $-0.48 | $2.98 | ||
| Q4 24 | $-0.67 | $2.26 | ||
| Q3 24 | $-1.08 | $2.12 | ||
| Q2 24 | $-1.46 | $1.72 | ||
| Q1 24 | $-1.48 | $1.26 |
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 | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $4.6B | $1.0B |
| 总资产 | $14.9B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资RIVNUI
| Q4 25 | $6.1B | $302.8M | ||
| Q3 25 | $7.1B | $177.2M | ||
| Q2 25 | $7.5B | $149.7M | ||
| Q1 25 | $7.2B | $151.0M | ||
| Q4 24 | $7.7B | $133.1M | ||
| Q3 24 | $6.7B | $165.2M | ||
| Q2 24 | $7.9B | $126.3M | ||
| Q1 24 | $7.9B | $102.5M |
总债务RIVNUI
| Q4 25 | — | $47.5M | ||
| Q3 25 | — | $133.8M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | $5.5B | $708.1M | ||
| Q1 24 | $4.4B | $877.5M |
股东权益RIVNUI
| Q4 25 | $4.6B | $1.0B | ||
| Q3 25 | $5.1B | $828.4M | ||
| Q2 25 | $6.1B | $668.3M | ||
| Q1 25 | $6.2B | $436.1M | ||
| Q4 24 | $6.6B | $290.4M | ||
| Q3 24 | $5.9B | $188.1M | ||
| Q2 24 | $6.8B | $95.1M | ||
| Q1 24 | $8.1B | $25.9M |
总资产RIVNUI
| Q4 25 | $14.9B | $1.6B | ||
| Q3 25 | $15.2B | $1.5B | ||
| Q2 25 | $15.6B | $1.5B | ||
| Q1 25 | $15.5B | $1.3B | ||
| Q4 24 | $15.4B | $1.2B | ||
| Q3 24 | $14.3B | $1.2B | ||
| Q2 24 | $15.4B | $1.2B | ||
| Q1 24 | $15.7B | $1.2B |
负债/权益比RIVNUI
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | 0.81× | 7.45× | ||
| Q1 24 | 0.55× | 33.92× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $-1.1B | $260.3M |
| 自由现金流率自由现金流/营收 | -89.0% | 31.9% |
| 资本支出强度资本支出/营收 | 36.0% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | $-2.5B | $699.5M |
8季度趋势，按日历期对齐
经营现金流RIVNUI
| Q4 25 | $-681.0M | $263.9M | ||
| Q3 25 | $26.0M | $198.5M | ||
| Q2 25 | $64.0M | $130.4M | ||
| Q1 25 | $-188.0M | $123.6M | ||
| Q4 24 | $1.2B | $152.4M | ||
| Q3 24 | $-876.0M | $233.7M | ||
| Q2 24 | $-754.0M | $231.4M | ||
| Q1 24 | $-1.3B | $163.9M |
自由现金流RIVNUI
| Q4 25 | $-1.1B | $260.3M | ||
| Q3 25 | $-421.0M | $193.3M | ||
| Q2 25 | $-398.0M | $125.2M | ||
| Q1 25 | $-526.0M | $120.7M | ||
| Q4 24 | $856.0M | $150.4M | ||
| Q3 24 | $-1.2B | $231.1M | ||
| Q2 24 | $-1.0B | $229.5M | ||
| Q1 24 | $-1.5B | $160.6M |
自由现金流率RIVNUI
| Q4 25 | -89.0% | 31.9% | ||
| Q3 25 | -27.0% | 26.3% | ||
| Q2 25 | -30.5% | 16.5% | ||
| Q1 25 | -42.4% | 18.2% | ||
| Q4 24 | 49.4% | 25.1% | ||
| Q3 24 | -131.9% | 42.0% | ||
| Q2 24 | -89.6% | 45.2% | ||
| Q1 24 | -126.5% | 32.6% |
资本支出强度RIVNUI
| Q4 25 | 36.0% | 0.4% | ||
| Q3 25 | 28.7% | 0.7% | ||
| Q2 25 | 35.5% | 0.7% | ||
| Q1 25 | 27.3% | 0.4% | ||
| Q4 24 | 18.9% | 0.3% | ||
| Q3 24 | 31.7% | 0.5% | ||
| Q2 24 | 24.4% | 0.4% | ||
| Q1 24 | 21.1% | 0.7% |
现金转化率RIVNUI
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | — | 2.23× | ||
| Q1 24 | — | 2.15× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
