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亚朵集团（ATAT）与VinFast Auto Ltd.（VFS）财务数据对比。点击上方公司名可切换其他公司
亚朵集团的季度营收约是VinFast Auto Ltd.的1.1倍（$789.6M vs $718.6M），亚朵集团净利率更高（17.6% vs -2.8%，领先20.4%）
亚朵生活控股是中国领先的文旅生活服务企业，主营中高端连锁酒店运营业务，面向商旅及休闲出行人群提供高品质住宿服务，同时配套布局生活文创零售、场景体验等多元业务，覆盖国内核心城市及部分海外市场。
VinFast Auto Ltd.是越南跨国汽车企业，由越南最大私营综合企业集团之一Vingroup创立。Vingroup由越南知名企业家潘日旺创办，业务覆盖地产、零售、医疗、科技等多个领域，是越南本土头部企业集团。
ATAT vs VFS — 直观对比
营收规模更大
ATAT
是对方的1.1倍
$718.6M
净利率更高
ATAT
高出20.4%
-2.8%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $789.6M | $718.6M |
| 净利润 | $139.1M | $-20.0M |
| 毛利率 | — | — |
| 营业利润率 | 22.5% | -96.1% |
| 净利率 | 17.6% | -2.8% |
| 营收同比 | 252.5% | — |
| 净利润同比 | 322.2% | — |
| 每股收益（稀释后） | $0.33 | — |
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ATATVFS
| Q3 25 | $789.6M | $718.6M | ||
| Q2 25 | — | $663.0M | ||
| Q1 25 | — | $656.5M | ||
| Q3 24 | $224.0M | $511.6M | ||
| Q1 24 | $203.4M | $302.6M | ||
| Q1 23 | $106.8M | — |
净利润ATATVFS
| Q3 25 | $139.1M | $-20.0M | ||
| Q2 25 | — | $-51.8M | ||
| Q1 25 | — | $-26.1M | ||
| Q3 24 | $33.0M | $-10.4M | ||
| Q1 24 | $35.6M | $-618.3M | ||
| Q1 23 | $2.5M | — |
营业利润率ATATVFS
| Q3 25 | 22.5% | -96.1% | ||
| Q2 25 | — | -79.0% | ||
| Q1 25 | — | -74.0% | ||
| Q3 24 | 14.7% | -65.9% | ||
| Q1 24 | 22.1% | -139.4% | ||
| Q1 23 | 8.0% | — |
净利率ATATVFS
| Q3 25 | 17.6% | -2.8% | ||
| Q2 25 | — | -7.8% | ||
| Q1 25 | — | -4.0% | ||
| Q3 24 | 14.7% | -2.0% | ||
| Q1 24 | 17.5% | -204.3% | ||
| Q1 23 | 2.3% | — |
每股收益（稀释后）ATATVFS
| Q3 25 | $0.33 | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $0.08 | — | ||
| Q1 24 | $0.09 | — | ||
| Q1 23 | — | — |
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 | $669.2M | $8.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $405.0M | — |
| 总资产 | $1.1B | $183.2M |
| 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ATATVFS
| Q3 25 | $669.2M | $8.8M | ||
| Q2 25 | — | $650.0M | ||
| Q1 25 | — | $2.4M | ||
| Q3 24 | $506.0M | $1.9M | ||
| Q1 24 | $520.7M | $3.0M | ||
| Q1 23 | $272.5M | — |
总债务ATATVFS
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | $277.0K | — | ||
| Q1 23 | — | — |
股东权益ATATVFS
| Q3 25 | $405.0M | — | ||
| Q2 25 | — | $-7.2B | ||
| Q1 25 | — | — | ||
| Q3 24 | $291.3M | — | ||
| Q1 24 | $323.5M | — | ||
| Q1 23 | $185.5M | — |
总资产ATATVFS
| Q3 25 | $1.1B | $183.2M | ||
| Q2 25 | — | $7.2B | ||
| Q1 25 | — | $158.2M | ||
| Q3 24 | $927.8M | $151.8M | ||
| Q1 24 | $936.3M | $145.6M | ||
| Q1 23 | — | — |
负债/权益比ATATVFS
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | 0.00× | — | ||
| Q1 23 | — | — |
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 | $216.6M | — |
| 自由现金流经营现金流 - 资本支出 | $210.7M | — |
| 自由现金流率自由现金流/营收 | 26.7% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 1.56× | — |
| 过去12个月自由现金流最近4个季度 | $359.6M | — |
8季度趋势，按日历期对齐
经营现金流ATATVFS
| Q3 25 | $216.6M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $84.8M | — | ||
| Q1 24 | $19.8M | — | ||
| Q1 23 | $49.9M | — |
自由现金流ATATVFS
| Q3 25 | $210.7M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $83.3M | — | ||
| Q1 24 | $18.1M | — | ||
| Q1 23 | $47.5M | — |
自由现金流率ATATVFS
| Q3 25 | 26.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 37.2% | — | ||
| Q1 24 | 8.9% | — | ||
| Q1 23 | 44.5% | — |
资本支出强度ATATVFS
| Q3 25 | 0.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 0.7% | — | ||
| Q1 24 | 0.9% | — | ||
| Q1 23 | 2.3% | — |
现金转化率ATATVFS
| Q3 25 | 1.56× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 2.57× | — | ||
| Q1 24 | 0.56× | — | ||
| Q1 23 | 20.23× | — |
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
ATAT
暂无分部数据
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
