vs
蔚来（NIO）与信安金融集团（PFG）财务数据对比。点击上方公司名可切换其他公司
蔚来的季度营收约是信安金融集团的1.0倍（$4.7B vs $4.6B），信安金融集团净利率更高（11.3% vs 0.8%，领先10.5%）
蔚来是中国本土新能源汽车制造商，总部位于上海，2014年成立，2016年正式启用现有品牌名称。公司专注于智能电动汽车的研发、设计与销售，产品覆盖轿车、SUV等多个品类，近年已将业务拓展至智能手机研发领域。
信安金融集团（股票代码：PFG）是总部位于美国艾奥瓦州得梅因的全球性金融服务企业，核心业务涵盖投资管理、保险服务两大板块，在全球多个区域开展业务，为机构客户和个人用户提供专业定制化的金融解决方案，在行业内拥有较高知名度。
NIO vs PFG — 直观对比
营收规模更大
NIO
是对方的1.0倍
$4.6B
净利率更高
PFG
高出10.5%
0.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $4.6B |
| 净利润 | $38.7M | $517.0M |
| 毛利率 | 17.5% | — |
| 营业利润率 | 1.5% | — |
| 净利率 | 0.8% | 11.3% |
| 营收同比 | — | -3.7% |
| 净利润同比 | — | -42.9% |
| 每股收益（稀释后） | $0.05 | $2.30 |
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NIOPFG
| Q1 26 | $4.7B | — | ||
| Q4 25 | — | $4.6B | ||
| Q3 25 | $3.0B | $3.7B | ||
| Q2 25 | $2.6B | $3.7B | ||
| Q1 25 | $2.7B | $3.7B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | — | $4.3B |
净利润NIOPFG
| Q1 26 | $38.7M | — | ||
| Q4 25 | — | $517.0M | ||
| Q3 25 | $-505.2M | $213.8M | ||
| Q2 25 | $-709.5M | $406.2M | ||
| Q1 25 | $-984.2M | $48.1M | ||
| Q4 24 | — | $905.4M | ||
| Q3 24 | — | $-220.0M | ||
| Q2 24 | — | $353.1M |
毛利率NIOPFG
| Q1 26 | 17.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 13.9% | — | ||
| Q2 25 | 10.0% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率NIOPFG
| Q1 26 | 1.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -16.2% | — | ||
| Q2 25 | -25.8% | — | ||
| Q1 25 | -30.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
净利率NIOPFG
| Q1 26 | 0.8% | — | ||
| Q4 25 | — | 11.3% | ||
| Q3 25 | -16.8% | 5.8% | ||
| Q2 25 | -27.0% | 11.1% | ||
| Q1 25 | -36.2% | 1.3% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | -7.3% | ||
| Q2 24 | — | 8.2% |
每股收益（稀释后）NIOPFG
| Q1 26 | $0.05 | — | ||
| Q4 25 | — | $2.30 | ||
| Q3 25 | $-1.51 | $0.95 | ||
| Q2 25 | $-2.31 | $1.79 | ||
| Q1 25 | $-3.47 | $0.21 | ||
| Q4 24 | — | $3.92 | ||
| Q3 24 | — | $-0.95 | ||
| Q2 24 | — | $1.49 |
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 | $4.4B | $4.4B |
| 总债务越低越好 | — | $3.9B |
| 股东权益账面价值 | $594.8M | $11.9B |
| 总资产 | $17.8B | $341.4B |
| 负债/权益比越低杠杆越低 | — | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资NIOPFG
| Q1 26 | $4.4B | — | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | $2.5B | $3.7B | ||
| Q1 25 | $4.6B | $3.9B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $6.2B | ||
| Q2 24 | — | $4.8B |
总债务NIOPFG
| Q1 26 | — | — | ||
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B |
股东权益NIOPFG
| Q1 26 | $594.8M | — | ||
| Q4 25 | — | $11.9B | ||
| Q3 25 | — | $11.7B | ||
| Q2 25 | $-168.3M | $11.4B | ||
| Q1 25 | $817.5M | $11.2B | ||
| Q4 24 | — | $11.1B | ||
| Q3 24 | — | $11.2B | ||
| Q2 24 | — | $11.0B |
总资产NIOPFG
| Q1 26 | $17.8B | — | ||
| Q4 25 | — | $341.4B | ||
| Q3 25 | — | $334.5B | ||
| Q2 25 | $14.0B | $323.1B | ||
| Q1 25 | $14.7B | $313.0B | ||
| Q4 24 | — | $313.7B | ||
| Q3 24 | — | $322.9B | ||
| Q2 24 | — | $308.8B |
负债/权益比NIOPFG
| Q1 26 | — | — | ||
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.39× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.36× |
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 | $427.9M | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $-439.4M | — |
| 自由现金流率自由现金流/营收 | -9.3% | — |
| 资本支出强度资本支出/营收 | 18.4% | — |
| 现金转化率经营现金流/净利润 | 11.07× | 3.37× |
| 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NIOPFG
| Q1 26 | $427.9M | — | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $811.9M | ||
| Q1 25 | $-1.1B | $977.3M | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.4B |
自由现金流NIOPFG
| Q1 26 | $-439.4M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-2.3B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率NIOPFG
| Q1 26 | -9.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -85.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度NIOPFG
| Q1 26 | 18.4% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 46.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率NIOPFG
| Q1 26 | 11.07× | — | ||
| Q4 25 | — | 3.37× | ||
| Q3 25 | — | 4.70× | ||
| Q2 25 | — | 2.00× | ||
| Q1 25 | — | 20.32× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 4.05× |
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
NIO
暂无分部数据
PFG
| Segment Retirement And Income Solutions | $1.6B | 36% |
| Segment Benefits And Protection | $1.1B | 23% |
| Other | $582.8M | 13% |
| Segment Principal Asset Management | $465.6M | 10% |
| Subsegment Investment Management | $449.4M | 10% |
| Administrative Service | $152.2M | 3% |
| Subsegment International Pension | $91.2M | 2% |
| Segment Corporate | $73.0M | 2% |
| Subsegment Life Insurance | $26.1M | 1% |
| Financial Service Other | $25.1M | 1% |
| Residential Mortgage | $7.4M | 0% |
| Subsegment Specialty Benefits | $3.7M | 0% |
| Deposit Account | $3.4M | 0% |
| Commission Income | $1.8M | 0% |
