vs
诺唯真游轮控股（LINE）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
诺唯真游轮控股的季度营收约是VinFast Auto Ltd.的1.8倍（$1.3B vs $718.6M），VinFast Auto Ltd.净利率更高（-2.8% vs -3.9%，领先1.2%）
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
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。
LINE vs VFS — 直观对比
营收规模更大
LINE
是对方的1.8倍
$718.6M
净利率更高
VFS
高出1.2%
-3.9%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $718.6M |
| 净利润 | $-51.0M | $-20.0M |
| 毛利率 | — | — |
| 营业利润率 | 2.8% | -96.1% |
| 净利率 | -3.9% | -2.8% |
| 营收同比 | 0.4% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.18 | — |
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LINEVFS
| Q1 26 | $1.3B | — | ||
| Q3 25 | $1.4B | $718.6M | ||
| Q2 25 | $1.4B | $663.0M | ||
| Q1 25 | $1.3B | $656.5M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $511.6M | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.3B | $302.6M |
净利润LINEVFS
| Q1 26 | $-51.0M | — | ||
| Q3 25 | $-100.0M | $-20.0M | ||
| Q2 25 | $-6.0M | $-51.8M | ||
| Q1 25 | $0 | $-26.1M | ||
| Q4 24 | $-71.0M | — | ||
| Q3 24 | $-485.0M | $-10.4M | ||
| Q2 24 | $-68.0M | — | ||
| Q1 24 | $-40.0M | $-618.3M |
毛利率LINEVFS
| Q1 26 | — | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | 32.2% | — | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | 32.8% | — | ||
| Q2 24 | 33.4% | — | ||
| Q1 24 | 33.4% | — |
营业利润率LINEVFS
| Q1 26 | 2.8% | — | ||
| Q3 25 | 2.5% | -96.1% | ||
| Q2 25 | 1.7% | -79.0% | ||
| Q1 25 | 4.3% | -74.0% | ||
| Q4 24 | -1.6% | — | ||
| Q3 24 | -38.6% | -65.9% | ||
| Q2 24 | 5.5% | — | ||
| Q1 24 | 7.6% | -139.4% |
净利率LINEVFS
| Q1 26 | -3.9% | — | ||
| Q3 25 | -7.3% | -2.8% | ||
| Q2 25 | -0.4% | -7.8% | ||
| Q1 25 | — | -4.0% | ||
| Q4 24 | -5.3% | — | ||
| Q3 24 | -36.3% | -2.0% | ||
| Q2 24 | -5.1% | — | ||
| Q1 24 | -3.0% | -204.3% |
每股收益（稀释后）LINEVFS
| Q1 26 | $-0.18 | — | ||
| Q3 25 | $-0.44 | — | ||
| Q2 25 | $-0.03 | — | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | $-0.52 | — | ||
| Q3 24 | $-2.44 | — | ||
| Q2 24 | $-0.46 | — | ||
| Q1 24 | $-0.28 | — |
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 | — | $8.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.1B | — |
| 总资产 | $19.0B | $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LINEVFS
| Q1 26 | — | — | ||
| Q3 25 | — | $8.8M | ||
| Q2 25 | — | $650.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | $173.0M | — | ||
| Q3 24 | $409.0M | $1.9M | ||
| Q2 24 | $73.0M | — | ||
| Q1 24 | — | $3.0M |
股东权益LINEVFS
| Q1 26 | $8.1B | — | ||
| Q3 25 | $8.4B | — | ||
| Q2 25 | $8.6B | $-7.2B | ||
| Q1 25 | $8.6B | — | ||
| Q4 24 | $8.6B | — | ||
| Q3 24 | $9.0B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $5.6B | — |
总资产LINEVFS
| Q1 26 | $19.0B | — | ||
| Q3 25 | $19.2B | $183.2M | ||
| Q2 25 | $19.4B | $7.2B | ||
| Q1 25 | $18.8B | $158.2M | ||
| Q4 24 | $18.7B | — | ||
| Q3 24 | $19.3B | $151.8M | ||
| Q2 24 | $18.8B | — | ||
| Q1 24 | — | $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 | $130.0M | — |
| 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 | 2.4% | — |
| 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LINEVFS
| Q1 26 | $130.0M | — | ||
| Q3 25 | $230.0M | — | ||
| Q2 25 | $258.0M | — | ||
| Q1 25 | $139.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $186.0M | — | ||
| Q2 24 | $155.0M | — | ||
| Q1 24 | $105.0M | — |
自由现金流LINEVFS
| Q1 26 | — | — | ||
| Q3 25 | $35.0M | — | ||
| Q2 25 | $95.0M | — | ||
| Q1 25 | $-12.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $33.0M | — | ||
| Q2 24 | $-31.0M | — | ||
| Q1 24 | $-42.0M | — |
自由现金流率LINEVFS
| Q1 26 | — | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 7.0% | — | ||
| Q1 25 | -0.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | -2.3% | — | ||
| Q1 24 | -3.2% | — |
资本支出强度LINEVFS
| Q1 26 | 2.4% | — | ||
| Q3 25 | 14.2% | — | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 11.5% | — | ||
| Q2 24 | 13.9% | — | ||
| Q1 24 | 11.1% | — |
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
LINE
暂无分部数据
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% |
