vs
艾伯维（ARGX）与威富集团（VFC）财务数据对比。点击上方公司名可切换其他公司
威富集团的季度营收约是艾伯维的1.2倍（$2.9B vs $2.5B），艾伯维净利率更高（35.5% vs 10.5%，领先25.0%），艾伯维同比增速更快（83.2% vs 1.5%），威富集团自由现金流更多（$977.9M vs $322.4M）
艾伯维是总部位于美国伊利诺伊州北芝加哥的制药企业，研发生产的药物覆盖多种疾病治疗领域，可满足多元临床需求，致力于为全球不同病症的患者提供可靠的治疗方案选择。
威富集团前身为F.W.伍尔沃斯公司，是全球知名零售企业，也是五分一角平价商店业态的先驱之一。作为美国乃至全球最成功的平价零售企业之一，它曾引领行业发展潮流，构建了如今全球各地门店普遍遵循的现代零售模式。
ARGX vs VFC — 直观对比
营收规模更大
VFC
是对方的1.2倍
$2.5B
营收增速更快
ARGX
高出81.7%
1.5%
净利率更高
ARGX
高出25.0%
10.5%
自由现金流更多
VFC
多$655.5M
$322.4M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $2.9B |
| 净利润 | $877.2M | $300.8M |
| 毛利率 | 89.5% | 56.6% |
| 营业利润率 | 28.9% | 10.1% |
| 净利率 | 35.5% | 10.5% |
| 营收同比 | 83.2% | 1.5% |
| 净利润同比 | 1.3% | 79.3% |
| 每股收益（稀释后） | $13.25 | $0.76 |
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ARGXVFC
| Q4 25 | $2.5B | $2.9B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | $1.8B | $1.8B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $1.4B | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | $901.9M | $1.9B | ||
| Q1 24 | — | $2.4B |
净利润ARGXVFC
| Q4 25 | $877.2M | $300.8M | ||
| Q3 25 | — | $189.8M | ||
| Q2 25 | $414.8M | $-116.4M | ||
| Q1 25 | — | $-150.8M | ||
| Q4 24 | $865.6M | $167.8M | ||
| Q3 24 | — | $52.2M | ||
| Q2 24 | $-32.5M | $-258.9M | ||
| Q1 24 | — | $-418.3M |
毛利率ARGXVFC
| Q4 25 | 89.5% | 56.6% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | 89.2% | 53.9% | ||
| Q1 25 | — | 52.7% | ||
| Q4 24 | 90.2% | 56.3% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | 89.4% | 52.0% | ||
| Q1 24 | — | 48.4% |
营业利润率ARGXVFC
| Q4 25 | 28.9% | 10.1% | ||
| Q3 25 | — | 11.2% | ||
| Q2 25 | 19.2% | -4.9% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 8.7% | 8.0% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | -15.4% | -12.6% | ||
| Q1 24 | — | -15.0% |
净利率ARGXVFC
| Q4 25 | 35.5% | 10.5% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | 23.4% | -6.6% | ||
| Q1 25 | — | -7.5% | ||
| Q4 24 | 64.1% | 5.9% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | -3.6% | -13.6% | ||
| Q1 24 | — | -17.6% |
每股收益（稀释后）ARGXVFC
| Q4 25 | $13.25 | $0.76 | ||
| Q3 25 | — | $0.48 | ||
| Q2 25 | $6.32 | $-0.30 | ||
| Q1 25 | — | $-0.37 | ||
| Q4 24 | $13.33 | $0.43 | ||
| Q3 24 | — | $0.13 | ||
| Q2 24 | $-0.55 | $-0.67 | ||
| Q1 24 | — | $-1.07 |
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 | $3.5B | $1.5B |
| 总债务越低越好 | — | $3.6B |
| 股东权益账面价值 | $7.3B | $1.8B |
| 总资产 | $8.7B | $10.4B |
| 负债/权益比越低杠杆越低 | — | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资ARGXVFC
| Q4 25 | $3.5B | $1.5B | ||
| Q3 25 | — | $419.1M | ||
| Q2 25 | $2.1B | $642.4M | ||
| Q1 25 | — | $429.4M | ||
| Q4 24 | $1.5B | $1.4B | ||
| Q3 24 | — | $492.2M | ||
| Q2 24 | $1.4B | $637.4M | ||
| Q1 24 | — | $674.6M |
总债务ARGXVFC
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | $11.0M | $3.9B | ||
| Q1 24 | — | $4.7B |
股东权益ARGXVFC
| Q4 25 | $7.3B | $1.8B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $6.1B | $1.3B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $5.5B | $1.7B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | $4.3B | $1.4B | ||
| Q1 24 | — | $1.7B |
总资产ARGXVFC
| Q4 25 | $8.7B | $10.4B | ||
| Q3 25 | — | $10.6B | ||
| Q2 25 | $7.2B | $10.2B | ||
| Q1 25 | — | $9.4B | ||
| Q4 24 | $6.2B | $10.6B | ||
| Q3 24 | — | $12.2B | ||
| Q2 24 | $4.8B | $11.5B | ||
| Q1 24 | — | $11.6B |
负债/权益比ARGXVFC
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 2.40× | ||
| Q2 25 | — | 2.76× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 2.86× | ||
| Q2 24 | 0.00× | 2.84× | ||
| Q1 24 | — | 2.84× |
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 | $323.3M | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $322.4M | $977.9M |
| 自由现金流率自由现金流/营收 | 13.0% | 34.0% |
| 资本支出强度资本支出/营收 | 0.0% | 1.1% |
| 现金转化率经营现金流/净利润 | 0.37× | 3.36× |
| 过去12个月自由现金流最近4个季度 | $594.5M | $357.6M |
8季度趋势，按日历期对齐
经营现金流ARGXVFC
| Q4 25 | $323.3M | $1.0B | ||
| Q3 25 | — | $-227.0M | ||
| Q2 25 | $361.8M | $-145.5M | ||
| Q1 25 | — | $-171.1M | ||
| Q4 24 | $41.9M | $918.1M | ||
| Q3 24 | — | $-301.6M | ||
| Q2 24 | $-124.7M | $19.8M | ||
| Q1 24 | — | — |
自由现金流ARGXVFC
| Q4 25 | $322.4M | $977.9M | ||
| Q3 25 | — | $-253.5M | ||
| Q2 25 | $356.6M | $-173.7M | ||
| Q1 25 | — | $-193.0M | ||
| Q4 24 | $40.9M | $899.7M | ||
| Q3 24 | — | $-322.4M | ||
| Q2 24 | $-125.5M | $-5.4M | ||
| Q1 24 | — | — |
自由现金流率ARGXVFC
| Q4 25 | 13.0% | 34.0% | ||
| Q3 25 | — | -9.0% | ||
| Q2 25 | 20.1% | -9.9% | ||
| Q1 25 | — | -9.6% | ||
| Q4 24 | 3.0% | 31.7% | ||
| Q3 24 | — | -11.7% | ||
| Q2 24 | -13.9% | -0.3% | ||
| Q1 24 | — | — |
资本支出强度ARGXVFC
| Q4 25 | 0.0% | 1.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | 0.3% | 1.6% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | 0.1% | 0.6% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | 0.1% | 1.3% | ||
| Q1 24 | — | — |
现金转化率ARGXVFC
| Q4 25 | 0.37× | 3.36× | ||
| Q3 25 | — | -1.20× | ||
| Q2 25 | 0.87× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.05× | 5.47× | ||
| Q3 24 | — | -5.78× | ||
| 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
ARGX
暂无分部数据
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
