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艾仕得（AXTA）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
艾仕得的季度营收约是VinFast Auto Ltd.的1.8倍（$1.3B vs $718.6M），艾仕得净利率更高（4.8% vs -2.8%，领先7.5%）
艾仕得是源自美国的专业涂料供应商，总部位于宾夕法尼亚州费城，注册地为百慕大。公司主营乘用车、商用车、工业场景及修补用途涂料的研发与生产，业务覆盖全球130个国家，拥有近1.3万名员工，服务超10万家客户。
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。
AXTA vs VFS — 直观对比
营收规模更大
AXTA
是对方的1.8倍
$718.6M
净利率更高
AXTA
高出7.5%
-2.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $718.6M |
| 净利润 | $60.0M | $-20.0M |
| 毛利率 | 33.4% | — |
| 营业利润率 | 12.8% | -96.1% |
| 净利率 | 4.8% | -2.8% |
| 营收同比 | -3.7% | — |
| 净利润同比 | -56.2% | — |
| 每股收益（稀释后） | $0.28 | — |
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AXTAVFS
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $718.6M | ||
| Q2 25 | $1.3B | $663.0M | ||
| Q1 25 | $1.3B | $656.5M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $511.6M | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.3B | $302.6M |
净利润AXTAVFS
| Q4 25 | $60.0M | — | ||
| Q3 25 | $110.0M | $-20.0M | ||
| Q2 25 | $109.0M | $-51.8M | ||
| Q1 25 | $99.0M | $-26.1M | ||
| Q4 24 | $137.0M | — | ||
| Q3 24 | $101.0M | $-10.4M | ||
| Q2 24 | $112.0M | — | ||
| Q1 24 | $41.0M | $-618.3M |
毛利率AXTAVFS
| Q4 25 | 33.4% | — | ||
| Q3 25 | 34.9% | — | ||
| Q2 25 | 35.0% | — | ||
| Q1 25 | 34.3% | — | ||
| Q4 24 | 34.1% | — | ||
| Q3 24 | 35.0% | — | ||
| Q2 24 | 34.0% | — | ||
| Q1 24 | 33.2% | — |
营业利润率AXTAVFS
| Q4 25 | 12.8% | — | ||
| Q3 25 | 15.8% | -96.1% | ||
| Q2 25 | 14.8% | -79.0% | ||
| Q1 25 | 13.9% | -74.0% | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | 14.6% | -65.9% | ||
| Q2 24 | 15.2% | — | ||
| Q1 24 | 9.4% | -139.4% |
净利率AXTAVFS
| Q4 25 | 4.8% | — | ||
| Q3 25 | 8.5% | -2.8% | ||
| Q2 25 | 8.4% | -7.8% | ||
| Q1 25 | 7.8% | -4.0% | ||
| Q4 24 | 10.5% | — | ||
| Q3 24 | 7.7% | -2.0% | ||
| Q2 24 | 8.3% | — | ||
| Q1 24 | 3.2% | -204.3% |
每股收益（稀释后）AXTAVFS
| Q4 25 | $0.28 | — | ||
| Q3 25 | $0.51 | — | ||
| Q2 25 | $0.50 | — | ||
| Q1 25 | $0.45 | — | ||
| Q4 24 | $0.63 | — | ||
| Q3 24 | $0.46 | — | ||
| Q2 24 | $0.51 | — | ||
| Q1 24 | $0.18 | — |
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 | $657.0M | $8.8M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.3B | — |
| 总资产 | $7.6B | $183.2M |
| 负债/权益比越低杠杆越低 | 1.36× | — |
8季度趋势，按日历期对齐
现金及短期投资AXTAVFS
| Q4 25 | $657.0M | — | ||
| Q3 25 | $606.0M | $8.8M | ||
| Q2 25 | $625.0M | $650.0M | ||
| Q1 25 | $575.0M | $2.4M | ||
| Q4 24 | $593.0M | — | ||
| Q3 24 | $567.0M | $1.9M | ||
| Q2 24 | $840.0M | — | ||
| Q1 24 | $624.0M | $3.0M |
总债务AXTAVFS
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.4B | — |
股东权益AXTAVFS
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | $-7.2B | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.7B | — |
总资产AXTAVFS
| Q4 25 | $7.6B | — | ||
| Q3 25 | $7.8B | $183.2M | ||
| Q2 25 | $7.8B | $7.2B | ||
| Q1 25 | $7.4B | $158.2M | ||
| Q4 24 | $7.2B | — | ||
| Q3 24 | $7.5B | $151.8M | ||
| Q2 24 | $7.3B | — | ||
| Q1 24 | $7.1B | $145.6M |
负债/权益比AXTAVFS
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 1.50× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 1.84× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.97× | — |
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 | $344.0M | — |
| 自由现金流经营现金流 - 资本支出 | $286.0M | — |
| 自由现金流率自由现金流/营收 | 22.7% | — |
| 资本支出强度资本支出/营收 | 4.6% | — |
| 现金转化率经营现金流/净利润 | 5.73× | — |
| 过去12个月自由现金流最近4个季度 | $453.0M | — |
8季度趋势，按日历期对齐
经营现金流AXTAVFS
| Q4 25 | $344.0M | — | ||
| Q3 25 | $137.0M | — | ||
| Q2 25 | $142.0M | — | ||
| Q1 25 | $26.0M | — | ||
| Q4 24 | $234.0M | — | ||
| Q3 24 | $194.0M | — | ||
| Q2 24 | $114.0M | — | ||
| Q1 24 | $34.0M | — |
自由现金流AXTAVFS
| Q4 25 | $286.0M | — | ||
| Q3 25 | $87.0M | — | ||
| Q2 25 | $97.0M | — | ||
| Q1 25 | $-17.0M | — | ||
| Q4 24 | $172.0M | — | ||
| Q3 24 | $161.0M | — | ||
| Q2 24 | $91.0M | — | ||
| Q1 24 | $12.0M | — |
自由现金流率AXTAVFS
| Q4 25 | 22.7% | — | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | -1.3% | — | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 12.2% | — | ||
| Q2 24 | 6.7% | — | ||
| Q1 24 | 0.9% | — |
资本支出强度AXTAVFS
| Q4 25 | 4.6% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 1.7% | — |
现金转化率AXTAVFS
| Q4 25 | 5.73× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 1.02× | — | ||
| Q1 24 | 0.83× | — |
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
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
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% |
