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Knife River Corp（KNF）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
Knife River Corp的季度营收约是VinFast Auto Ltd.的1.1倍（$755.1M vs $718.6M），Knife River Corp净利率更高（4.2% vs -2.8%，领先7.0%）
哥伦比亚河刀具工具公司（CRKT）是1994年成立的美国刀具企业，总部位于美国俄勒冈州图拉丁，主营各类刀具相关产品，目前由罗德·布雷默担任总裁兼销售主管，佩吉·布雷默担任财务主管。
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。
KNF vs VFS — 直观对比
营收规模更大
KNF
是对方的1.1倍
$718.6M
净利率更高
KNF
高出7.0%
-2.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $755.1M | $718.6M |
| 净利润 | $32.0M | $-20.0M |
| 毛利率 | 19.2% | — |
| 营业利润率 | 8.6% | -96.1% |
| 净利率 | 4.2% | -2.8% |
| 营收同比 | 14.9% | — |
| 净利润同比 | 37.6% | — |
| 每股收益（稀释后） | $0.56 | — |
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KNFVFS
| Q4 25 | $755.1M | — | ||
| Q3 25 | $1.2B | $718.6M | ||
| Q2 25 | $833.8M | $663.0M | ||
| Q1 25 | $353.5M | $656.5M | ||
| Q4 24 | $657.2M | — | ||
| Q3 24 | $1.1B | $511.6M | ||
| Q2 24 | $806.9M | — | ||
| Q1 24 | $329.6M | $302.6M |
净利润KNFVFS
| Q4 25 | $32.0M | — | ||
| Q3 25 | $143.2M | $-20.0M | ||
| Q2 25 | $50.6M | $-51.8M | ||
| Q1 25 | $-68.7M | $-26.1M | ||
| Q4 24 | $23.3M | — | ||
| Q3 24 | $148.1M | $-10.4M | ||
| Q2 24 | $77.9M | — | ||
| Q1 24 | $-47.6M | $-618.3M |
毛利率KNFVFS
| Q4 25 | 19.2% | — | ||
| Q3 25 | 23.6% | — | ||
| Q2 25 | 18.9% | — | ||
| Q1 25 | -2.7% | — | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | 24.7% | — | ||
| Q2 24 | 21.8% | — | ||
| Q1 24 | 2.0% | — |
营业利润率KNFVFS
| Q4 25 | 8.6% | — | ||
| Q3 25 | 17.9% | -96.1% | ||
| Q2 25 | 10.6% | -79.0% | ||
| Q1 25 | -23.4% | -74.0% | ||
| Q4 24 | 6.7% | — | ||
| Q3 24 | 18.9% | -65.9% | ||
| Q2 24 | 14.5% | — | ||
| Q1 24 | -16.3% | -139.4% |
净利率KNFVFS
| Q4 25 | 4.2% | — | ||
| Q3 25 | 11.9% | -2.8% | ||
| Q2 25 | 6.1% | -7.8% | ||
| Q1 25 | -19.4% | -4.0% | ||
| Q4 24 | 3.5% | — | ||
| Q3 24 | 13.4% | -2.0% | ||
| Q2 24 | 9.7% | — | ||
| Q1 24 | -14.5% | -204.3% |
每股收益（稀释后）KNFVFS
| Q4 25 | $0.56 | — | ||
| Q3 25 | $2.52 | — | ||
| Q2 25 | $0.89 | — | ||
| Q1 25 | $-1.21 | — | ||
| Q4 24 | $0.42 | — | ||
| Q3 24 | $2.60 | — | ||
| Q2 24 | $1.37 | — | ||
| Q1 24 | $-0.84 | — |
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 | $73.8M | $8.8M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $1.6B | — |
| 总资产 | $3.7B | $183.2M |
| 负债/权益比越低杠杆越低 | 0.71× | — |
8季度趋势，按日历期对齐
现金及短期投资KNFVFS
| Q4 25 | $73.8M | — | ||
| Q3 25 | $30.7M | $8.8M | ||
| Q2 25 | $26.6M | $650.0M | ||
| Q1 25 | $86.1M | $2.4M | ||
| Q4 24 | $236.8M | — | ||
| Q3 24 | $220.4M | $1.9M | ||
| Q2 24 | $15.5M | — | ||
| Q1 24 | $128.4M | $3.0M |
总债务KNFVFS
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $677.4M | — | ||
| Q3 24 | $678.5M | — | ||
| Q2 24 | $679.5M | — | ||
| Q1 24 | $680.6M | — |
股东权益KNFVFS
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.5B | $-7.2B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.2B | — |
总资产KNFVFS
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.7B | $183.2M | ||
| Q2 25 | $3.6B | $7.2B | ||
| Q1 25 | $3.3B | $158.2M | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.9B | $151.8M | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.5B | $145.6M |
负债/权益比KNFVFS
| Q4 25 | 0.71× | — | ||
| Q3 25 | 0.74× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.83× | — | ||
| Q4 24 | 0.46× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.52× | — | ||
| Q1 24 | 0.56× | — |
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 | $195.9M | — |
| 自由现金流经营现金流 - 资本支出 | $138.2M | — |
| 自由现金流率自由现金流/营收 | 18.3% | — |
| 资本支出强度资本支出/营收 | 7.6% | — |
| 现金转化率经营现金流/净利润 | 6.12× | — |
| 过去12个月自由现金流最近4个季度 | $-69.6M | — |
8季度趋势，按日历期对齐
经营现金流KNFVFS
| Q4 25 | $195.9M | — | ||
| Q3 25 | $250.4M | — | ||
| Q2 25 | $-42.6M | — | ||
| Q1 25 | $-125.3M | — | ||
| Q4 24 | $172.4M | — | ||
| Q3 24 | $239.7M | — | ||
| Q2 24 | $-46.6M | — | ||
| Q1 24 | $-43.2M | — |
自由现金流KNFVFS
| Q4 25 | $138.2M | — | ||
| Q3 25 | $188.7M | — | ||
| Q2 25 | $-196.2M | — | ||
| Q1 25 | $-200.2M | — | ||
| Q4 24 | $127.2M | — | ||
| Q3 24 | $216.1M | — | ||
| Q2 24 | $-106.5M | — | ||
| Q1 24 | $-86.9M | — |
自由现金流率KNFVFS
| Q4 25 | 18.3% | — | ||
| Q3 25 | 15.7% | — | ||
| Q2 25 | -23.5% | — | ||
| Q1 25 | -56.6% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 19.6% | — | ||
| Q2 24 | -13.2% | — | ||
| Q1 24 | -26.4% | — |
资本支出强度KNFVFS
| Q4 25 | 7.6% | — | ||
| Q3 25 | 5.1% | — | ||
| Q2 25 | 18.4% | — | ||
| Q1 25 | 21.2% | — | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | 13.3% | — |
现金转化率KNFVFS
| Q4 25 | 6.12× | — | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | -0.84× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 7.41× | — | ||
| Q3 24 | 1.62× | — | ||
| Q2 24 | -0.60× | — | ||
| 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
KNF
| Services | $347.2M | 46% |
| Ready Mix Concrete | $88.4M | 12% |
| Contracting Services Public Sector | $80.2M | 11% |
| Aggregates | $73.9M | 10% |
| Energy Services Segment | $56.2M | 7% |
| Liquid Asphalt | $49.1M | 7% |
| Other | $43.2M | 6% |
| Asphalt | $22.7M | 3% |
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% |
