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Element Solutions Inc（ESI）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
Element Solutions Inc的季度营收约是VinFast Auto Ltd.的1.2倍（$840.0M vs $718.6M），Element Solutions Inc净利率更高（6.7% vs -2.8%，领先9.4%）
Element Solutions Inc是一家总部位于美国的特种化学品生产企业，专注于特种化学品领域的生产运营，于纽约证券交易所挂牌上市，业务覆盖全球多个市场，为各行业客户提供专业的特种化学品产品及相关解决方案。
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。
ESI vs VFS — 直观对比
营收规模更大
ESI
是对方的1.2倍
$718.6M
净利率更高
ESI
高出9.4%
-2.8%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $840.0M | $718.6M |
| 净利润 | $56.0M | $-20.0M |
| 毛利率 | 38.4% | — |
| 营业利润率 | 13.3% | -96.1% |
| 净利率 | 6.7% | -2.8% |
| 营收同比 | 41.0% | — |
| 净利润同比 | -43.0% | — |
| 每股收益（稀释后） | $0.23 | — |
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ESIVFS
| Q1 26 | $840.0M | — | ||
| Q4 25 | $676.2M | — | ||
| Q3 25 | $656.1M | $718.6M | ||
| Q2 25 | $625.2M | $663.0M | ||
| Q1 25 | $593.7M | $656.5M | ||
| Q4 24 | $624.2M | — | ||
| Q3 24 | $645.0M | $511.6M | ||
| Q2 24 | $612.7M | — |
净利润ESIVFS
| Q1 26 | $56.0M | — | ||
| Q4 25 | $6.2M | — | ||
| Q3 25 | $39.3M | $-20.0M | ||
| Q2 25 | $47.4M | $-51.8M | ||
| Q1 25 | $98.0M | $-26.1M | ||
| Q4 24 | $54.7M | — | ||
| Q3 24 | $40.3M | $-10.4M | ||
| Q2 24 | $93.2M | — |
毛利率ESIVFS
| Q1 26 | 38.4% | — | ||
| Q4 25 | 40.9% | — | ||
| Q3 25 | 42.2% | — | ||
| Q2 25 | 42.6% | — | ||
| Q1 25 | 42.2% | — | ||
| Q4 24 | 41.0% | — | ||
| Q3 24 | 41.5% | — | ||
| Q2 24 | 43.6% | — |
营业利润率ESIVFS
| Q1 26 | 13.3% | — | ||
| Q4 25 | 10.3% | — | ||
| Q3 25 | 15.4% | -96.1% | ||
| Q2 25 | 15.1% | -79.0% | ||
| Q1 25 | 13.0% | -74.0% | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 14.7% | -65.9% | ||
| Q2 24 | 15.7% | — |
净利率ESIVFS
| Q1 26 | 6.7% | — | ||
| Q4 25 | 0.9% | — | ||
| Q3 25 | 6.0% | -2.8% | ||
| Q2 25 | 7.6% | -7.8% | ||
| Q1 25 | 16.5% | -4.0% | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 6.2% | -2.0% | ||
| Q2 24 | 15.2% | — |
每股收益（稀释后）ESIVFS
| Q1 26 | $0.23 | — | ||
| Q4 25 | $0.03 | — | ||
| Q3 25 | $0.16 | — | ||
| Q2 25 | $0.20 | — | ||
| Q1 25 | $0.40 | — | ||
| Q4 24 | $0.22 | — | ||
| Q3 24 | $0.17 | — | ||
| Q2 24 | $0.39 | — |
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 | $177.3M | $8.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | — |
| 总资产 | $5.7B | $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ESIVFS
| Q1 26 | $177.3M | — | ||
| Q4 25 | $626.5M | — | ||
| Q3 25 | $594.3M | $8.8M | ||
| Q2 25 | $529.9M | $650.0M | ||
| Q1 25 | $499.2M | $2.4M | ||
| Q4 24 | $359.4M | — | ||
| Q3 24 | $376.0M | $1.9M | ||
| Q2 24 | $309.3M | — |
总债务ESIVFS
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — |
股东权益ESIVFS
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.6B | $-7.2B | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — |
总资产ESIVFS
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $183.2M | ||
| Q2 25 | $5.0B | $7.2B | ||
| Q1 25 | $4.8B | $158.2M | ||
| Q4 24 | $4.9B | — | ||
| Q3 24 | $5.1B | $151.8M | ||
| Q2 24 | $5.0B | — |
负债/权益比ESIVFS
| Q1 26 | — | — | ||
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.64× | — | ||
| Q4 24 | 0.76× | — | ||
| Q3 24 | 0.78× | — | ||
| Q2 24 | 0.81× | — |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $-74.2M | — |
| 自由现金流率自由现金流/营收 | -8.8% | — |
| 资本支出强度资本支出/营收 | 3.0% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ESIVFS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $100.1M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $26.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $98.5M | — | ||
| Q2 24 | — | — |
自由现金流ESIVFS
| Q1 26 | $-74.2M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $83.6M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $15.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $85.9M | — | ||
| Q2 24 | — | — |
自由现金流率ESIVFS
| Q1 26 | -8.8% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 12.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 13.3% | — | ||
| Q2 24 | — | — |
资本支出强度ESIVFS
| Q1 26 | 3.0% | — | ||
| Q4 25 | 2.5% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 2.4% | — |
现金转化率ESIVFS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.55× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.44× | — | ||
| Q2 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
ESI
| Electronics ex-Metals | $377.8M | 45% |
| Pass-through Metals | $255.7M | 30% |
| Other | $206.5M | 25% |
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% |
