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迈心诺（MASI）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
VinFast Auto Ltd.的季度营收约是迈心诺的1.9倍（$718.6M vs $371.5M），VinFast Auto Ltd.净利率更高（-2.8% vs -27.0%，领先24.2%）
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
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。
MASI vs VFS — 直观对比
营收规模更大
VFS
是对方的1.9倍
$371.5M
净利率更高
VFS
高出24.2%
-27.0%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $371.5M | $718.6M |
| 净利润 | $-100.4M | $-20.0M |
| 毛利率 | 62.1% | — |
| 营业利润率 | 22.5% | -96.1% |
| 净利率 | -27.0% | -2.8% |
| 营收同比 | -26.4% | — |
| 净利润同比 | -1124.5% | — |
| 每股收益（稀释后） | $-1.84 | — |
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MASIVFS
| Q3 25 | $371.5M | $718.6M | ||
| Q2 25 | $370.9M | $663.0M | ||
| Q1 25 | $372.0M | $656.5M | ||
| Q4 24 | $600.7M | — | ||
| Q3 24 | $504.6M | $511.6M | ||
| Q2 24 | $496.3M | — | ||
| Q1 24 | $492.8M | $302.6M | ||
| Q4 23 | $548.9M | — |
净利润MASIVFS
| Q3 25 | $-100.4M | $-20.0M | ||
| Q2 25 | $51.3M | $-51.8M | ||
| Q1 25 | $-170.7M | $-26.1M | ||
| Q4 24 | $-349.6M | — | ||
| Q3 24 | $9.8M | $-10.4M | ||
| Q2 24 | $16.0M | — | ||
| Q1 24 | $18.9M | $-618.3M | ||
| Q4 23 | $33.9M | — |
毛利率MASIVFS
| Q3 25 | 62.1% | — | ||
| Q2 25 | 62.9% | — | ||
| Q1 25 | 62.9% | — | ||
| Q4 24 | 40.7% | — | ||
| Q3 24 | 52.2% | — | ||
| Q2 24 | 51.3% | — | ||
| Q1 24 | 49.0% | — | ||
| Q4 23 | 47.9% | — |
营业利润率MASIVFS
| Q3 25 | 22.5% | -96.1% | ||
| Q2 25 | 17.4% | -79.0% | ||
| Q1 25 | 21.0% | -74.0% | ||
| Q4 24 | -59.8% | — | ||
| Q3 24 | 6.0% | -65.9% | ||
| Q2 24 | 5.7% | — | ||
| Q1 24 | 6.9% | -139.4% | ||
| Q4 23 | 8.0% | — |
净利率MASIVFS
| Q3 25 | -27.0% | -2.8% | ||
| Q2 25 | 13.8% | -7.8% | ||
| Q1 25 | -45.9% | -4.0% | ||
| Q4 24 | -58.2% | — | ||
| Q3 24 | 1.9% | -2.0% | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | 3.8% | -204.3% | ||
| Q4 23 | 6.2% | — |
每股收益（稀释后）MASIVFS
| Q3 25 | $-1.84 | — | ||
| Q2 25 | $0.94 | — | ||
| Q1 25 | $-3.12 | — | ||
| Q4 24 | $-6.54 | — | ||
| Q3 24 | $0.18 | — | ||
| Q2 24 | $0.29 | — | ||
| Q1 24 | $0.35 | — | ||
| Q4 23 | $0.63 | — |
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 | $312.3M | $8.8M |
| 总债务越低越好 | $559.1M | — |
| 股东权益账面价值 | $810.0M | — |
| 总资产 | $1.8B | $183.2M |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资MASIVFS
| Q3 25 | $312.3M | $8.8M | ||
| Q2 25 | $149.6M | $650.0M | ||
| Q1 25 | $130.8M | $2.4M | ||
| Q4 24 | $177.6M | — | ||
| Q3 24 | $158.5M | $1.9M | ||
| Q2 24 | $129.6M | — | ||
| Q1 24 | $157.6M | $3.0M | ||
| Q4 23 | $163.0M | — |
总债务MASIVFS
| Q3 25 | $559.1M | — | ||
| Q2 25 | $613.7M | — | ||
| Q1 25 | $651.0M | — | ||
| Q4 24 | $765.2M | — | ||
| Q3 24 | $772.6M | — | ||
| Q2 24 | $781.6M | — | ||
| Q1 24 | $876.0M | — | ||
| Q4 23 | $906.0M | — |
股东权益MASIVFS
| Q3 25 | $810.0M | — | ||
| Q2 25 | $1.0B | $-7.2B | ||
| Q1 25 | $946.4M | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — | ||
| Q4 23 | $1.4B | — |
总资产MASIVFS
| Q3 25 | $1.8B | $183.2M | ||
| Q2 25 | $2.4B | $7.2B | ||
| Q1 25 | $2.3B | $158.2M | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $3.1B | $151.8M | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $3.0B | $145.6M | ||
| Q4 23 | $3.0B | — |
负债/权益比MASIVFS
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.64× | — | ||
| Q4 23 | 0.66× | — |
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 | $56.8M | — |
| 自由现金流经营现金流 - 资本支出 | $50.9M | — |
| 自由现金流率自由现金流/营收 | 13.7% | — |
| 资本支出强度资本支出/营收 | 1.6% | — |
| 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 | $191.0M | — |
8季度趋势，按日历期对齐
经营现金流MASIVFS
| Q3 25 | $56.8M | — | ||
| Q2 25 | $69.4M | — | ||
| Q1 25 | $31.1M | — | ||
| Q4 24 | $50.5M | — | ||
| Q3 24 | $25.6M | — | ||
| Q2 24 | $74.5M | — | ||
| Q1 24 | $45.8M | — | ||
| Q4 23 | $77.1M | — |
自由现金流MASIVFS
| Q3 25 | $50.9M | — | ||
| Q2 25 | $65.6M | — | ||
| Q1 25 | $28.5M | — | ||
| Q4 24 | $46.0M | — | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $66.9M | — | ||
| Q1 24 | $37.6M | — | ||
| Q4 23 | $66.2M | — |
自由现金流率MASIVFS
| Q3 25 | 13.7% | — | ||
| Q2 25 | 17.7% | — | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | 7.7% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 13.5% | — | ||
| Q1 24 | 7.6% | — | ||
| Q4 23 | 12.1% | — |
资本支出强度MASIVFS
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 1.7% | — | ||
| Q4 23 | 2.0% | — |
现金转化率MASIVFS
| Q3 25 | — | — | ||
| Q2 25 | 1.35× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 4.66× | — | ||
| Q1 24 | 2.42× | — | ||
| Q4 23 | 2.27× | — |
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
MASI
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% |
