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Penguin Solutions, Inc.（PENG）与Victory Capital Holdings, Inc.（VCTR）财务数据对比。点击上方公司名可切换其他公司
Victory Capital Holdings, Inc.的季度营收约是Penguin Solutions, Inc.的1.1倍（$388.0M vs $343.1M），Victory Capital Holdings, Inc.净利率更高（28.9% vs 1.5%，领先27.4%），Victory Capital Holdings, Inc.同比增速更快（76.7% vs 0.6%），过去两年Victory Capital Holdings, Inc.的营收复合增速更高（32.9% vs 11.8%）
企鹅解决方案公司旗下的兰波集团以拉姆齐解决方案品牌开展业务，是一家美国企业，业务涵盖个人理财、领导力发展、人际关系管理与职业发展相关产品与服务。该公司由戴夫·拉姆齐与妻子莎伦于1991年创立，总部位于田纳西州富兰克林。
Victory Capital Holdings是一家总部位于美国得克萨斯州圣安东尼奥的金融服务企业，核心业务为投资管理。除美国本土外，公司在伦敦、中国香港、新加坡三地均配备了专业投资团队，为全球客户提供资产管理相关服务。
PENG vs VCTR — 直观对比
营收规模更大
VCTR
是对方的1.1倍
$343.1M
营收增速更快
VCTR
高出76.1%
0.6%
净利率更高
VCTR
高出27.4%
1.5%
两年增速更快
VCTR
近两年复合增速
11.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $343.1M | $388.0M |
| 净利润 | $5.3M | $112.1M |
| 毛利率 | 28.0% | — |
| 营业利润率 | 5.7% | 41.0% |
| 净利率 | 1.5% | 28.9% |
| 营收同比 | 0.6% | 76.7% |
| 净利润同比 | 1.0% | 80.8% |
| 每股收益（稀释后） | $0.04 | — |
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PENGVCTR
| Q1 26 | — | $388.0M | ||
| Q4 25 | $343.1M | $374.1M | ||
| Q3 25 | $337.9M | $361.2M | ||
| Q2 25 | $324.3M | $351.2M | ||
| Q1 25 | $365.5M | $219.6M | ||
| Q4 24 | $341.1M | $232.4M | ||
| Q3 24 | $284.8M | $225.6M | ||
| Q2 24 | $300.6M | $219.6M |
净利润PENGVCTR
| Q1 26 | — | $112.1M | ||
| Q4 25 | $5.3M | $112.8M | ||
| Q3 25 | $9.4M | $96.5M | ||
| Q2 25 | $2.7M | $58.7M | ||
| Q1 25 | $8.1M | $62.0M | ||
| Q4 24 | $5.2M | $76.9M | ||
| Q3 24 | — | $82.0M | ||
| Q2 24 | $5.6M | $74.3M |
毛利率PENGVCTR
| Q1 26 | — | — | ||
| Q4 25 | 28.0% | — | ||
| Q3 25 | 28.6% | — | ||
| Q2 25 | 29.3% | — | ||
| Q1 25 | 28.6% | — | ||
| Q4 24 | 28.7% | — | ||
| Q3 24 | 28.8% | — | ||
| Q2 24 | 29.6% | — |
营业利润率PENGVCTR
| Q1 26 | — | 41.0% | ||
| Q4 25 | 5.7% | 40.9% | ||
| Q3 25 | 3.7% | 38.2% | ||
| Q2 25 | 3.0% | 26.8% | ||
| Q1 25 | 5.1% | 42.3% | ||
| Q4 24 | 5.1% | 48.1% | ||
| Q3 24 | -1.2% | 53.3% | ||
| Q2 24 | 3.8% | 50.4% |
净利率PENGVCTR
| Q1 26 | — | 28.9% | ||
| Q4 25 | 1.5% | 30.2% | ||
| Q3 25 | 2.8% | 26.7% | ||
| Q2 25 | 0.8% | 16.7% | ||
| Q1 25 | 2.2% | 28.2% | ||
| Q4 24 | 1.5% | 33.1% | ||
| Q3 24 | — | 36.3% | ||
| Q2 24 | 1.9% | 33.8% |
每股收益（稀释后）PENGVCTR
| Q1 26 | — | — | ||
| Q4 25 | $0.04 | $1.33 | ||
| Q3 25 | $0.10 | $1.11 | ||
| Q2 25 | $-0.01 | $0.68 | ||
| Q1 25 | $0.09 | $0.96 | ||
| Q4 24 | $0.10 | $1.18 | ||
| Q3 24 | — | $1.24 | ||
| Q2 24 | $0.10 | $1.12 |
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 | $461.5M | $75.8M |
| 总债务越低越好 | $462.3M | — |
| 股东权益账面价值 | $389.7M | $2.4B |
| 总资产 | $1.6B | $4.1B |
| 负债/权益比越低杠杆越低 | 1.19× | — |
8季度趋势，按日历期对齐
现金及短期投资PENGVCTR
| Q1 26 | — | $75.8M | ||
| Q4 25 | $461.5M | $163.7M | ||
| Q3 25 | $453.8M | $115.7M | ||
| Q2 25 | $735.5M | $107.9M | ||
| Q1 25 | $647.0M | $175.6M | ||
| Q4 24 | $393.7M | $126.7M | ||
| Q3 24 | $389.5M | $188.2M | ||
| Q2 24 | $467.5M | $119.0M |
总债务PENGVCTR
| Q1 26 | — | — | ||
| Q4 25 | $462.3M | $970.0M | ||
| Q3 25 | $461.8M | $972.0M | ||
| Q2 25 | $659.5M | $965.7M | ||
| Q1 25 | $658.8M | $964.8M | ||
| Q4 24 | $658.1M | $963.9M | ||
| Q3 24 | $657.3M | $982.7M | ||
| Q2 24 | $667.0M | $981.7M |
股东权益PENGVCTR
| Q1 26 | — | $2.4B | ||
| Q4 25 | $389.7M | $2.4B | ||
| Q3 25 | $394.2M | $2.4B | ||
| Q2 25 | $584.8M | $2.5B | ||
| Q1 25 | $602.5M | $1.1B | ||
| Q4 24 | $400.4M | $1.1B | ||
| Q3 24 | $391.4M | $1.2B | ||
| Q2 24 | $423.4M | $1.1B |
总资产PENGVCTR
| Q1 26 | — | $4.1B | ||
| Q4 25 | $1.6B | $4.2B | ||
| Q3 25 | $1.6B | $4.2B | ||
| Q2 25 | $1.8B | $4.2B | ||
| Q1 25 | $1.8B | $2.6B | ||
| Q4 24 | $1.6B | $2.5B | ||
| Q3 24 | $1.5B | $2.6B | ||
| Q2 24 | $1.5B | $2.5B |
负债/权益比PENGVCTR
| Q1 26 | — | — | ||
| Q4 25 | 1.19× | 0.40× | ||
| Q3 25 | 1.17× | 0.41× | ||
| Q2 25 | 1.13× | 0.39× | ||
| Q1 25 | 1.09× | 0.84× | ||
| Q4 24 | 1.64× | 0.86× | ||
| Q3 24 | 1.68× | 0.84× | ||
| Q2 24 | 1.58× | 0.87× |
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 | $31.1M | — |
| 自由现金流经营现金流 - 资本支出 | $28.2M | — |
| 自由现金流率自由现金流/营收 | 8.2% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 5.89× | — |
| 过去12个月自由现金流最近4个季度 | $116.3M | — |
8季度趋势，按日历期对齐
经营现金流PENGVCTR
| Q1 26 | — | — | ||
| Q4 25 | $31.1M | $145.1M | ||
| Q3 25 | $-70.4M | $165.9M | ||
| Q2 25 | $92.8M | $-6.6M | ||
| Q1 25 | $72.9M | $81.1M | ||
| Q4 24 | $13.8M | $91.8M | ||
| Q3 24 | — | $99.8M | ||
| Q2 24 | $57.9M | $79.7M |
自由现金流PENGVCTR
| Q1 26 | — | — | ||
| Q4 25 | $28.2M | $144.5M | ||
| Q3 25 | $-73.4M | $164.8M | ||
| Q2 25 | $90.9M | $-7.5M | ||
| Q1 25 | $70.5M | $79.5M | ||
| Q4 24 | $12.0M | $91.7M | ||
| Q3 24 | — | $99.4M | ||
| Q2 24 | $48.9M | $79.5M |
自由现金流率PENGVCTR
| Q1 26 | — | — | ||
| Q4 25 | 8.2% | 38.6% | ||
| Q3 25 | -21.7% | 45.6% | ||
| Q2 25 | 28.0% | -2.1% | ||
| Q1 25 | 19.3% | 36.2% | ||
| Q4 24 | 3.5% | 39.4% | ||
| Q3 24 | — | 44.0% | ||
| Q2 24 | 16.3% | 36.2% |
资本支出强度PENGVCTR
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 0.2% | ||
| Q3 25 | 0.9% | 0.3% | ||
| Q2 25 | 0.6% | 0.3% | ||
| Q1 25 | 0.6% | 0.7% | ||
| Q4 24 | 0.5% | 0.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | 3.0% | 0.1% |
现金转化率PENGVCTR
| Q1 26 | — | — | ||
| Q4 25 | 5.89× | 1.29× | ||
| Q3 25 | -7.47× | 1.72× | ||
| Q2 25 | 34.88× | -0.11× | ||
| Q1 25 | 9.02× | 1.31× | ||
| Q4 24 | 2.65× | 1.19× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | 10.30× | 1.07× |
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
PENG
| Integrated Memory Segment | $171.6M | 50% |
| Advanced Computing Segment | $115.7M | 34% |
| Optimized LED Segment | $55.7M | 16% |
VCTR
| Investment management fees | $316.4M | 82% |
| Fund administration and distribution fees | $71.6M | 18% |
