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安飞士巴吉集团（CAR）与Vistra Corp.（VST）财务数据对比。点击上方公司名可切换其他公司
Vistra Corp.的季度营收约是安飞士巴吉集团的1.8倍（$4.8B vs $2.7B），Vistra Corp.净利率更高（4.8% vs -28.0%，领先32.9%），Vistra Corp.同比增速更快（31.2% vs -1.7%），过去两年Vistra Corp.的营收复合增速更高（23.3% vs 2.2%）
安飞士巴吉集团是一家总部位于美国新泽西州帕西帕尼的汽车租赁控股企业，旗下拥有安飞士租车、巴吉租车、巴吉卡车租赁、Payless租车、Zipcar等多个品牌，为全球用户提供多元的汽车及卡车租赁服务。
股票代码为VST的Vistra Corp是总部位于美国得克萨斯州的能源企业，主营电力生产、可再生能源开发及能源零售等业务。此外“Vistra”也可指一家总部位于中国香港的企业服务提供商，为全球客户提供公司注册、合规管理等专业服务。
CAR vs VST — 直观对比
营收规模更大
VST
是对方的1.8倍
$2.7B
营收增速更快
VST
高出32.9%
-1.7%
净利率更高
VST
高出32.9%
-28.0%
两年增速更快
VST
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $4.8B |
| 净利润 | $-747.0M | $233.0M |
| 毛利率 | — | — |
| 营业利润率 | -27.8% | 9.9% |
| 净利率 | -28.0% | 4.8% |
| 营收同比 | -1.7% | 31.2% |
| 净利润同比 | 61.8% | -47.2% |
| 每股收益（稀释后） | $-21.11 | $0.55 |
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CARVST
| Q4 25 | $2.7B | $4.8B | ||
| Q3 25 | $3.5B | $4.8B | ||
| Q2 25 | $3.0B | $3.8B | ||
| Q1 25 | $2.4B | $4.3B | ||
| Q4 24 | $2.7B | $3.7B | ||
| Q3 24 | $3.5B | $4.3B | ||
| Q2 24 | $3.0B | $3.6B | ||
| Q1 24 | $2.6B | $3.2B |
净利润CARVST
| Q4 25 | $-747.0M | $233.0M | ||
| Q3 25 | $359.0M | $652.0M | ||
| Q2 25 | $4.0M | $327.0M | ||
| Q1 25 | $-505.0M | $-268.0M | ||
| Q4 24 | $-2.0B | $441.0M | ||
| Q3 24 | $237.0M | $1.9B | ||
| Q2 24 | $14.0M | $365.0M | ||
| Q1 24 | $-114.0M | $-35.0M |
营业利润率CARVST
| Q4 25 | -27.8% | 9.9% | ||
| Q3 25 | 13.4% | 21.7% | ||
| Q2 25 | 0.5% | 13.7% | ||
| Q1 25 | -27.9% | -2.8% | ||
| Q4 24 | -104.8% | 16.4% | ||
| Q3 24 | 9.5% | 59.6% | ||
| Q2 24 | 0.9% | 22.5% | ||
| Q1 24 | -5.6% | 2.7% |
净利率CARVST
| Q4 25 | -28.0% | 4.8% | ||
| Q3 25 | 10.2% | 13.6% | ||
| Q2 25 | 0.1% | 8.7% | ||
| Q1 25 | -20.8% | -6.3% | ||
| Q4 24 | -72.3% | 12.0% | ||
| Q3 24 | 6.8% | 43.5% | ||
| Q2 24 | 0.5% | 10.1% | ||
| Q1 24 | -4.5% | -1.1% |
每股收益（稀释后）CARVST
| Q4 25 | $-21.11 | $0.55 | ||
| Q3 25 | $10.11 | $1.75 | ||
| Q2 25 | $0.10 | $0.81 | ||
| Q1 25 | $-14.35 | $-0.93 | ||
| Q4 24 | $-55.08 | $1.09 | ||
| Q3 24 | $6.65 | $5.25 | ||
| Q2 24 | $0.41 | $0.90 | ||
| Q1 24 | $-3.21 | $-0.24 |
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 | $519.0M | $785.0M |
| 总债务越低越好 | — | $15.8B |
| 股东权益账面价值 | $-3.1B | $5.1B |
| 总资产 | $31.3B | $41.5B |
| 负债/权益比越低杠杆越低 | — | 3.11× |
8季度趋势，按日历期对齐
现金及短期投资CARVST
| Q4 25 | $519.0M | $785.0M | ||
| Q3 25 | $564.0M | $602.0M | ||
| Q2 25 | $541.0M | $458.0M | ||
| Q1 25 | $516.0M | $561.0M | ||
| Q4 24 | $534.0M | $1.2B | ||
| Q3 24 | $602.0M | $905.0M | ||
| Q2 24 | $511.0M | $1.6B | ||
| Q1 24 | $522.0M | $1.1B |
总债务CARVST
| Q4 25 | — | $15.8B | ||
| Q3 25 | — | $15.8B | ||
| Q2 25 | — | $15.5B | ||
| Q1 25 | — | $15.4B | ||
| Q4 24 | — | $15.4B | ||
| Q3 24 | — | $13.9B | ||
| Q2 24 | — | $13.9B | ||
| Q1 24 | — | $14.7B |
股东权益CARVST
| Q4 25 | $-3.1B | $5.1B | ||
| Q3 25 | $-2.4B | $5.2B | ||
| Q2 25 | $-2.7B | $4.8B | ||
| Q1 25 | $-2.8B | $4.8B | ||
| Q4 24 | $-2.3B | $5.6B | ||
| Q3 24 | $-238.0M | $5.4B | ||
| Q2 24 | $-490.0M | $5.6B | ||
| Q1 24 | $-515.0M | $5.7B |
总资产CARVST
| Q4 25 | $31.3B | $41.5B | ||
| Q3 25 | $32.5B | $38.0B | ||
| Q2 25 | $32.4B | $38.1B | ||
| Q1 25 | $29.0B | $38.2B | ||
| Q4 24 | $29.0B | $37.8B | ||
| Q3 24 | $32.7B | $37.9B | ||
| Q2 24 | $33.9B | $39.1B | ||
| Q1 24 | $33.5B | $38.2B |
负债/权益比CARVST
| Q4 25 | — | 3.11× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 3.20× | ||
| Q4 24 | — | 2.77× | ||
| Q3 24 | — | 2.56× | ||
| Q2 24 | — | 2.49× | ||
| Q1 24 | — | 2.60× |
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 | $437.0M | $1.4B |
| 自由现金流经营现金流 - 资本支出 | — | $596.0M |
| 自由现金流率自由现金流/营收 | — | 12.4% |
| 资本支出强度资本支出/营收 | — | 17.4% |
| 现金转化率经营现金流/净利润 | — | 6.15× |
| 过去12个月自由现金流最近4个季度 | — | $1.3B |
8季度趋势，按日历期对齐
经营现金流CARVST
| Q4 25 | $437.0M | $1.4B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $837.0M | $572.0M | ||
| Q1 25 | $619.0M | $599.0M | ||
| Q4 24 | $772.0M | $1.4B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $884.0M | $1.2B | ||
| Q1 24 | $589.0M | $312.0M |
自由现金流CARVST
| Q4 25 | — | $596.0M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $-118.0M | ||
| Q1 25 | — | $-169.0M | ||
| Q4 24 | — | $923.0M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $698.0M | ||
| Q1 24 | — | $-153.0M |
自由现金流率CARVST
| Q4 25 | — | 12.4% | ||
| Q3 25 | — | 21.1% | ||
| Q2 25 | — | -3.1% | ||
| Q1 25 | — | -4.0% | ||
| Q4 24 | — | 25.2% | ||
| Q3 24 | — | 23.4% | ||
| Q2 24 | — | 19.4% | ||
| Q1 24 | — | -4.8% |
资本支出强度CARVST
| Q4 25 | — | 17.4% | ||
| Q3 25 | — | 9.6% | ||
| Q2 25 | — | 18.4% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 15.8% | ||
| Q2 24 | — | 13.8% | ||
| Q1 24 | — | 14.7% |
现金转化率CARVST
| Q4 25 | — | 6.15× | ||
| Q3 25 | 3.91× | 2.25× | ||
| Q2 25 | 209.25× | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.07× | ||
| Q3 24 | 5.37× | 0.90× | ||
| Q2 24 | 63.14× | 3.28× | ||
| 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
CAR
| Avis | $1.5B | 57% |
| Budget | $979.0M | 37% |
| Other Brands | $171.0M | 6% |
VST
| Retail Energy Charge In ERCOT | $2.1B | 43% |
| Retail Energy Charge In Northeast Midwest | $1.2B | 24% |
| East Segment | $1.1B | 24% |
| Hedging Revenue Realized | $170.0M | 4% |
| Revenue From Other Wholesale Contracts | $116.0M | 2% |
| Transferable Production Tax Credit Revenues | $78.0M | 2% |
| West Segment | $77.0M | 2% |
| Intersegment Sales | $25.0M | 1% |
