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Liberty Global Ltd.（LBTYA）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
Liberty Global Ltd.的季度营收约是VinFast Auto Ltd.的3.3倍（$2.4B vs $718.6M），Liberty Global Ltd.净利率更高（15.0% vs -2.8%，领先17.8%）
自由全球有限公司是一家英荷美合资的跨国电信企业，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛均设有总部。公司旗下拥有英国自由全球控股有限公司、荷兰自由全球有限公司及美国自由全球公司三大主体，其中英国主体为上市实体。企业由自由媒体国际业务部与UnitedGlobalCom于2005年合并成立，在全球电信服务领域拥有深厚的行业积累。
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。
LBTYA vs VFS — 直观对比
营收规模更大
LBTYA
是对方的3.3倍
$718.6M
净利率更高
LBTYA
高出17.8%
-2.8%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $718.6M |
| 净利润 | $358.2M | $-20.0M |
| 毛利率 | — | — |
| 营业利润率 | 1.0% | -96.1% |
| 净利率 | 15.0% | -2.8% |
| 营收同比 | -3.6% | — |
| 净利润同比 | 127.1% | — |
| 每股收益（稀释后） | — | — |
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LBTYAVFS
| Q1 26 | $2.4B | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $718.6M | ||
| Q2 25 | $1.3B | $663.0M | ||
| Q1 25 | $1.2B | $656.5M | ||
| Q4 24 | $-1.4B | — | ||
| Q3 24 | $1.9B | $511.6M | ||
| Q2 24 | $1.9B | — |
净利润LBTYAVFS
| Q1 26 | $358.2M | — | ||
| Q4 25 | $-2.9B | — | ||
| Q3 25 | $-90.7M | $-20.0M | ||
| Q2 25 | $-2.8B | $-51.8M | ||
| Q1 25 | $-1.3B | $-26.1M | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $-1.4B | $-10.4M | ||
| Q2 24 | $268.1M | — |
毛利率LBTYAVFS
| Q1 26 | — | — | ||
| Q4 25 | 66.8% | — | ||
| Q3 25 | 67.5% | — | ||
| Q2 25 | 63.3% | — | ||
| Q1 25 | 65.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 69.4% | — | ||
| Q2 24 | 68.5% | — |
营业利润率LBTYAVFS
| Q1 26 | 1.0% | — | ||
| Q4 25 | -8.6% | — | ||
| Q3 25 | -0.7% | -96.1% | ||
| Q2 25 | 2.3% | -79.0% | ||
| Q1 25 | 5.2% | -74.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.2% | -65.9% | ||
| Q2 24 | 1.0% | — |
净利率LBTYAVFS
| Q1 26 | 15.0% | — | ||
| Q4 25 | -237.0% | — | ||
| Q3 25 | -7.5% | -2.8% | ||
| Q2 25 | -220.1% | -7.8% | ||
| Q1 25 | -114.2% | -4.0% | ||
| Q4 24 | -158.9% | — | ||
| Q3 24 | -74.1% | -2.0% | ||
| Q2 24 | 14.3% | — |
每股收益（稀释后）LBTYAVFS
| Q1 26 | — | — | ||
| Q4 25 | $-8.66 | — | ||
| Q3 25 | $-0.27 | — | ||
| Q2 25 | $-8.09 | — | ||
| Q1 25 | $-3.84 | — | ||
| Q4 24 | $6.15 | — | ||
| Q3 24 | $-3.95 | — | ||
| Q2 24 | $0.71 | — |
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 | $-387.3M | $8.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | — |
| 总资产 | — | $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LBTYAVFS
| Q1 26 | $-387.3M | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $1.7B | $8.8M | ||
| Q2 25 | $3.1B | $650.0M | ||
| Q1 25 | $2.0B | $2.4M | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $3.3B | $1.9M | ||
| Q2 24 | $3.2B | — |
总债务LBTYAVFS
| Q1 26 | — | — | ||
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.8B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.2B | — | ||
| Q3 24 | $14.9B | — | ||
| Q2 24 | $14.7B | — |
股东权益LBTYAVFS
| Q1 26 | — | — | ||
| Q4 25 | $9.7B | — | ||
| Q3 25 | $12.7B | — | ||
| Q2 25 | $13.0B | $-7.2B | ||
| Q1 25 | $12.6B | — | ||
| Q4 24 | $12.4B | — | ||
| Q3 24 | $18.7B | — | ||
| Q2 24 | $18.3B | — |
总资产LBTYAVFS
| Q1 26 | — | — | ||
| Q4 25 | $22.6B | — | ||
| Q3 25 | $25.4B | $183.2M | ||
| Q2 25 | $27.2B | $7.2B | ||
| Q1 25 | $26.0B | $158.2M | ||
| Q4 24 | $25.4B | — | ||
| Q3 24 | $41.8B | $151.8M | ||
| Q2 24 | $40.8B | — |
负债/权益比LBTYAVFS
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 0.80× | — |
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 | $107.6M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | 0.30× | — |
| 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LBTYAVFS
| Q1 26 | $107.6M | — | ||
| Q4 25 | $630.9M | — | ||
| Q3 25 | $301.8M | — | ||
| Q2 25 | $149.2M | — | ||
| Q1 25 | $129.2M | — | ||
| Q4 24 | $791.6M | — | ||
| Q3 24 | $449.5M | — | ||
| Q2 24 | $546.1M | — |
自由现金流LBTYAVFS
| Q1 26 | — | — | ||
| Q4 25 | $193.3M | — | ||
| Q3 25 | $-41.1M | — | ||
| Q2 25 | $-170.1M | — | ||
| Q1 25 | $-114.1M | — | ||
| Q4 24 | $712.9M | — | ||
| Q3 24 | $102.4M | — | ||
| Q2 24 | $256.8M | — |
自由现金流率LBTYAVFS
| Q1 26 | — | — | ||
| Q4 25 | 15.7% | — | ||
| Q3 25 | -3.4% | — | ||
| Q2 25 | -13.4% | — | ||
| Q1 25 | -9.7% | — | ||
| Q4 24 | -50.5% | — | ||
| Q3 24 | 5.3% | — | ||
| Q2 24 | 13.7% | — |
资本支出强度LBTYAVFS
| Q1 26 | 1.5% | — | ||
| Q4 25 | 35.5% | — | ||
| Q3 25 | 28.4% | — | ||
| Q2 25 | 25.2% | — | ||
| Q1 25 | 20.8% | — | ||
| Q4 24 | -5.6% | — | ||
| Q3 24 | 17.9% | — | ||
| Q2 24 | 15.4% | — |
现金转化率LBTYAVFS
| Q1 26 | 0.30× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.04× | — |
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
LBTYA
| Mobile Service | $775.2M | 32% |
| Fixed Service | $772.0M | 32% |
| Business | $308.7M | 13% |
| Wholesale | $256.9M | 11% |
| Business Service | $233.2M | 10% |
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% |
