vs
蔚来（NIO）与泰科电子（TEL）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泰科电子的1.0倍（$4.7B vs $4.7B），泰科电子净利率更高（16.1% vs 0.8%，领先15.2%），泰科电子自由现金流更多（$607.0M vs $-439.4M）
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。
TE Connectivity（泰科电子）是一家注册地涵盖美国与爱尔兰的科技企业，专注于电气及电子元器件的设计与制造，产品广泛应用于汽车、航空航天、国防、医疗、能源等多个行业，可为不同领域客户提供高性能连接解决方案。
NIO vs TEL — 直观对比
营收规模更大
NIO
是对方的1.0倍
$4.7B
净利率更高
TEL
高出15.2%
0.8%
自由现金流更多
TEL
多$1.0B
$-439.4M
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $4.7B |
| 净利润 | $38.7M | $750.0M |
| 毛利率 | 17.5% | 37.2% |
| 营业利润率 | 1.5% | 20.6% |
| 净利率 | 0.8% | 16.1% |
| 营收同比 | — | 21.7% |
| 净利润同比 | — | 42.0% |
| 每股收益（稀释后） | $0.05 | $2.53 |
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NIOTEL
| Q1 26 | $4.7B | — | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | $3.0B | $4.7B | ||
| Q2 25 | $2.6B | $4.5B | ||
| Q1 25 | $2.7B | $4.1B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.0B |
净利润NIOTEL
| Q1 26 | $38.7M | — | ||
| Q4 25 | — | $750.0M | ||
| Q3 25 | $-505.2M | $663.0M | ||
| Q2 25 | $-709.5M | $638.0M | ||
| Q1 25 | $-984.2M | $13.0M | ||
| Q4 24 | — | $528.0M | ||
| Q3 24 | — | $276.0M | ||
| Q2 24 | — | $573.0M |
毛利率NIOTEL
| Q1 26 | 17.5% | — | ||
| Q4 25 | — | 37.2% | ||
| Q3 25 | 13.9% | 35.0% | ||
| Q2 25 | 10.0% | 35.3% | ||
| Q1 25 | 11.7% | 35.2% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | 34.8% |
营业利润率NIOTEL
| Q1 26 | 1.5% | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | -16.2% | 19.3% | ||
| Q2 25 | -25.8% | 18.9% | ||
| Q1 25 | -30.6% | 18.1% | ||
| Q4 24 | — | 18.0% | ||
| Q3 24 | — | 16.0% | ||
| Q2 24 | — | 19.0% |
净利率NIOTEL
| Q1 26 | 0.8% | — | ||
| Q4 25 | — | 16.1% | ||
| Q3 25 | -16.8% | 14.0% | ||
| Q2 25 | -27.0% | 14.1% | ||
| Q1 25 | -36.2% | 0.3% | ||
| Q4 24 | — | 13.8% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 14.4% |
每股收益（稀释后）NIOTEL
| Q1 26 | $0.05 | — | ||
| Q4 25 | — | $2.53 | ||
| Q3 25 | $-1.51 | $2.23 | ||
| Q2 25 | $-2.31 | $2.14 | ||
| Q1 25 | $-3.47 | $0.04 | ||
| Q4 24 | — | $1.75 | ||
| Q3 24 | — | $0.96 | ||
| Q2 24 | — | $1.86 |
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 | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $594.8M | $13.0B |
| 总资产 | $17.8B | $25.6B |
| 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NIOTEL
| Q1 26 | $4.4B | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $2.5B | $672.0M | ||
| Q1 25 | $4.6B | $2.6B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.5B |
股东权益NIOTEL
| Q1 26 | $594.8M | — | ||
| Q4 25 | — | $13.0B | ||
| Q3 25 | — | $12.6B | ||
| Q2 25 | $-168.3M | $12.4B | ||
| Q1 25 | $817.5M | $12.1B | ||
| Q4 24 | — | $12.4B | ||
| Q3 24 | — | $12.4B | ||
| Q2 24 | — | $12.6B |
总资产NIOTEL
| Q1 26 | $17.8B | — | ||
| Q4 25 | — | $25.6B | ||
| Q3 25 | — | $25.1B | ||
| Q2 25 | $14.0B | $24.9B | ||
| Q1 25 | $14.7B | $23.7B | ||
| Q4 24 | — | $22.4B | ||
| Q3 24 | — | $22.9B | ||
| Q2 24 | — | $22.9B |
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 | $865.0M |
| 自由现金流经营现金流 - 资本支出 | $-439.4M | $607.0M |
| 自由现金流率自由现金流/营收 | -9.3% | 13.0% |
| 资本支出强度资本支出/营收 | 18.4% | 5.5% |
| 现金转化率经营现金流/净利润 | 11.07× | 1.15× |
| 过去12个月自由现金流最近4个季度 | — | $3.1B |
8季度趋势，按日历期对齐
经营现金流NIOTEL
| Q1 26 | $427.9M | — | ||
| Q4 25 | — | $865.0M | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | $-1.1B | $653.0M | ||
| Q4 24 | — | $878.0M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B |
自由现金流NIOTEL
| Q1 26 | $-439.4M | — | ||
| Q4 25 | — | $607.0M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $957.0M | ||
| Q1 25 | $-2.3B | $423.0M | ||
| Q4 24 | — | $673.0M | ||
| Q3 24 | — | $829.0M | ||
| Q2 24 | — | $857.0M |
自由现金流率NIOTEL
| Q1 26 | -9.3% | — | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 24.2% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | -85.6% | 10.2% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | 20.4% | ||
| Q2 24 | — | 21.5% |
资本支出强度NIOTEL
| Q1 26 | 18.4% | — | ||
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | 5.1% | ||
| Q1 25 | 46.1% | 5.6% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | — | 3.7% |
现金转化率NIOTEL
| Q1 26 | 11.07× | — | ||
| Q4 25 | — | 1.15× | ||
| Q3 25 | — | 2.14× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 50.23× | ||
| Q4 24 | — | 1.66× | ||
| Q3 24 | — | 3.78× | ||
| Q2 24 | — | 1.76× |
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
TEL
| Automotive Industry End Market | $1.9B | 40% |
| Digital Data Networks | $707.0M | 15% |
| Automation And Connected Living Industry End Market | $549.0M | 12% |
| Energy Industry End Market | $406.0M | 9% |
| Aerospace Defense And Marine Industry End Market | $381.0M | 8% |
| Commercial Transportation Industry End Market | $370.0M | 8% |
| Sensors Industry End Market | $212.0M | 5% |
| Medical Industry End Market | $159.0M | 3% |
