vs
Fabrinet（FN）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
Fabrinet的季度营收约是VinFast Auto Ltd.的1.6倍（$1.1B vs $718.6M），Fabrinet净利率更高（9.9% vs -2.8%，领先12.7%）
Fabrinet（股票代码FN）为标普中型股400指数成分股。该指数由标普道琼斯指数公司维护，覆盖400家以美企为主的中等市值企业，若成分企业存在多类流通股，指数的成分股总量有时会超过400只。
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。
FN vs VFS — 直观对比
营收规模更大
FN
是对方的1.6倍
$718.6M
净利率更高
FN
高出12.7%
-2.8%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $718.6M |
| 净利润 | $112.6M | $-20.0M |
| 毛利率 | 12.2% | — |
| 营业利润率 | 10.1% | -96.1% |
| 净利率 | 9.9% | -2.8% |
| 营收同比 | 35.9% | — |
| 净利润同比 | 30.0% | — |
| 每股收益（稀释后） | $3.11 | — |
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FNVFS
| Q4 25 | $1.1B | — | ||
| Q3 25 | $978.1M | $718.6M | ||
| Q2 25 | $909.7M | $663.0M | ||
| Q1 25 | $871.8M | $656.5M | ||
| Q4 24 | $833.6M | — | ||
| Q3 24 | $804.2M | $511.6M | ||
| Q2 24 | $753.3M | — | ||
| Q1 24 | $731.5M | $302.6M |
净利润FNVFS
| Q4 25 | $112.6M | — | ||
| Q3 25 | $95.9M | $-20.0M | ||
| Q2 25 | $87.2M | $-51.8M | ||
| Q1 25 | $81.3M | $-26.1M | ||
| Q4 24 | $86.6M | — | ||
| Q3 24 | $77.4M | $-10.4M | ||
| Q2 24 | $81.1M | — | ||
| Q1 24 | $80.9M | $-618.3M |
毛利率FNVFS
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.9% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 12.1% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 12.4% | — |
营业利润率FNVFS
| Q4 25 | 10.1% | — | ||
| Q3 25 | 9.6% | -96.1% | ||
| Q2 25 | 9.8% | -79.0% | ||
| Q1 25 | 9.0% | -74.0% | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 9.6% | -65.9% | ||
| Q2 24 | 9.7% | — | ||
| Q1 24 | 9.7% | -139.4% |
净利率FNVFS
| Q4 25 | 9.9% | — | ||
| Q3 25 | 9.8% | -2.8% | ||
| Q2 25 | 9.6% | -7.8% | ||
| Q1 25 | 9.3% | -4.0% | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 9.6% | -2.0% | ||
| Q2 24 | 10.8% | — | ||
| Q1 24 | 11.1% | -204.3% |
每股收益（稀释后）FNVFS
| Q4 25 | $3.11 | — | ||
| Q3 25 | $2.66 | — | ||
| Q2 25 | $2.41 | — | ||
| Q1 25 | $2.25 | — | ||
| Q4 24 | $2.38 | — | ||
| Q3 24 | $2.13 | — | ||
| Q2 24 | $2.22 | — | ||
| Q1 24 | $2.21 | — |
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 | $960.8M | $8.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.2B | — |
| 总资产 | $3.3B | $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FNVFS
| Q4 25 | $960.8M | — | ||
| Q3 25 | $968.8M | $8.8M | ||
| Q2 25 | $934.2M | $650.0M | ||
| Q1 25 | $950.7M | $2.4M | ||
| Q4 24 | $934.6M | — | ||
| Q3 24 | $908.9M | $1.9M | ||
| Q2 24 | $858.6M | — | ||
| Q1 24 | $794.0M | $3.0M |
股东权益FNVFS
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.0B | $-7.2B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | — |
总资产FNVFS
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.0B | $183.2M | ||
| Q2 25 | $2.8B | $7.2B | ||
| Q1 25 | $2.6B | $158.2M | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.4B | $151.8M | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.2B | $145.6M |
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 | $46.3M | — |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | — |
| 自由现金流率自由现金流/营收 | -0.5% | — |
| 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 | 0.41× | — |
| 过去12个月自由现金流最近4个季度 | $102.3M | — |
8季度趋势，按日历期对齐
经营现金流FNVFS
| Q4 25 | $46.3M | — | ||
| Q3 25 | $102.6M | — | ||
| Q2 25 | $55.1M | — | ||
| Q1 25 | $74.2M | — | ||
| Q4 24 | $115.9M | — | ||
| Q3 24 | $83.2M | — | ||
| Q2 24 | $83.1M | — | ||
| Q1 24 | $100.9M | — |
自由现金流FNVFS
| Q4 25 | $-5.3M | — | ||
| Q3 25 | $57.3M | — | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $45.7M | — | ||
| Q4 24 | $94.0M | — | ||
| Q3 24 | $62.9M | — | ||
| Q2 24 | $70.4M | — | ||
| Q1 24 | $87.3M | — |
自由现金流率FNVFS
| Q4 25 | -0.5% | — | ||
| Q3 25 | 5.9% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 9.3% | — | ||
| Q1 24 | 11.9% | — |
资本支出强度FNVFS
| Q4 25 | 4.6% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 5.5% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 1.9% | — |
现金转化率FNVFS
| Q4 25 | 0.41× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | 1.34× | — | ||
| Q3 24 | 1.07× | — | ||
| Q2 24 | 1.02× | — | ||
| Q1 24 | 1.25× | — |
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
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
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% |
