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PennyMac Financial Services, Inc.（PFSI）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PennyMac Financial Services, Inc.的1.3倍（$718.6M vs $538.0M），PennyMac Financial Services, Inc.净利率更高（1752.5% vs -2.8%，领先1755.3%）
PennyMac Financial Services是总部位于美国加利福尼亚州西湖村的住宅抵押贷款企业，核心业务涵盖美国抵押贷款的发放、贷后服务，以及抵押贷款市场相关投资管理。公司下设两家子公司，其中PNMAC资本管理有限公司负责运营旗下的抵押贷款不动产投资信托（REIT）PennyMac Mortgage Investment Trust。
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。
PFSI vs VFS — 直观对比
营收规模更大
VFS
是对方的1.3倍
$538.0M
净利率更高
PFSI
高出1755.3%
-2.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $538.0M | $718.6M |
| 净利润 | $106.8M | $-20.0M |
| 毛利率 | — | — |
| 营业利润率 | 25.0% | -96.1% |
| 净利率 | 1752.5% | -2.8% |
| 营收同比 | 14.4% | — |
| 净利润同比 | 2.2% | — |
| 每股收益（稀释后） | $1.97 | — |
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PFSIVFS
| Q4 25 | $538.0M | — | ||
| Q3 25 | $632.9M | $718.6M | ||
| Q2 25 | $444.7M | $663.0M | ||
| Q1 25 | $430.9M | $656.5M | ||
| Q4 24 | $470.1M | — | ||
| Q3 24 | $411.8M | $511.6M | ||
| Q2 24 | $406.1M | — | ||
| Q1 24 | $305.7M | $302.6M |
净利润PFSIVFS
| Q4 25 | $106.8M | — | ||
| Q3 25 | $181.5M | $-20.0M | ||
| Q2 25 | $136.5M | $-51.8M | ||
| Q1 25 | $76.3M | $-26.1M | ||
| Q4 24 | $104.5M | — | ||
| Q3 24 | $69.4M | $-10.4M | ||
| Q2 24 | $98.3M | — | ||
| Q1 24 | $39.3M | $-618.3M |
营业利润率PFSIVFS
| Q4 25 | 25.0% | — | ||
| Q3 25 | 37.3% | -96.1% | ||
| Q2 25 | 17.2% | -79.0% | ||
| Q1 25 | 24.2% | -74.0% | ||
| Q4 24 | 27.5% | — | ||
| Q3 24 | 22.8% | -65.9% | ||
| Q2 24 | 33.0% | — | ||
| Q1 24 | 14.4% | -139.4% |
净利率PFSIVFS
| Q4 25 | 1752.5% | — | ||
| Q3 25 | 28.7% | -2.8% | ||
| Q2 25 | 30.7% | -7.8% | ||
| Q1 25 | 17.7% | -4.0% | ||
| Q4 24 | 2559.8% | — | ||
| Q3 24 | 16.8% | -2.0% | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 12.9% | -204.3% |
每股收益（稀释后）PFSIVFS
| Q4 25 | $1.97 | — | ||
| Q3 25 | $3.37 | — | ||
| Q2 25 | $2.54 | — | ||
| Q1 25 | $1.42 | — | ||
| Q4 24 | $1.95 | — | ||
| Q3 24 | $1.30 | — | ||
| Q2 24 | $1.85 | — | ||
| Q1 24 | $0.74 | — |
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 | $410.0M | $8.8M |
| 总债务越低越好 | $6.2B | — |
| 股东权益账面价值 | $4.3B | — |
| 总资产 | $29.4B | $183.2M |
| 负债/权益比越低杠杆越低 | 1.45× | — |
8季度趋势，按日历期对齐
现金及短期投资PFSIVFS
| Q4 25 | $410.0M | — | ||
| Q3 25 | $62.2M | $8.8M | ||
| Q2 25 | $462.3M | $650.0M | ||
| Q1 25 | $443.4M | $2.4M | ||
| Q4 24 | $420.6M | — | ||
| Q3 24 | $667.9M | $1.9M | ||
| Q2 24 | $188.8M | — | ||
| Q1 24 | $69.0K | $3.0M |
总债务PFSIVFS
| Q4 25 | $6.2B | — | ||
| Q3 25 | $6.2B | — | ||
| Q2 25 | $5.6B | — | ||
| Q1 25 | $5.8B | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $4.9B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $4.5B | — |
股东权益PFSIVFS
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.2B | — | ||
| Q2 25 | $4.0B | $-7.2B | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.6B | — |
总资产PFSIVFS
| Q4 25 | $29.4B | — | ||
| Q3 25 | $25.4B | $183.2M | ||
| Q2 25 | $24.2B | $7.2B | ||
| Q1 25 | $23.9B | $158.2M | ||
| Q4 24 | $26.1B | — | ||
| Q3 24 | $22.9B | $151.8M | ||
| Q2 24 | $21.6B | — | ||
| Q1 24 | $19.8B | $145.6M |
负债/权益比PFSIVFS
| Q4 25 | 1.45× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 1.48× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 1.35× | — | ||
| Q1 24 | 1.27× | — |
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 | $-1.7B | — |
| 自由现金流经营现金流 - 资本支出 | $-1.7B | — |
| 自由现金流率自由现金流/营收 | -309.3% | — |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 现金转化率经营现金流/净利润 | -15.46× | — |
| 过去12个月自由现金流最近4个季度 | $-1.4B | — |
8季度趋势，按日历期对齐
经营现金流PFSIVFS
| Q4 25 | $-1.7B | — | ||
| Q3 25 | $-697.4M | — | ||
| Q2 25 | $-131.3M | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $-4.5B | — | ||
| Q3 24 | $-393.7M | — | ||
| Q2 24 | $-1.1B | — | ||
| Q1 24 | $-897.9M | — |
自由现金流PFSIVFS
| Q4 25 | $-1.7B | — | ||
| Q3 25 | $-699.4M | — | ||
| Q2 25 | $-132.6M | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $-4.5B | — | ||
| Q3 24 | $-393.9M | — | ||
| Q2 24 | $-1.1B | — | ||
| Q1 24 | $-898.9M | — |
自由现金流率PFSIVFS
| Q4 25 | -309.3% | — | ||
| Q3 25 | -110.5% | — | ||
| Q2 25 | -29.8% | — | ||
| Q1 25 | 247.3% | — | ||
| Q4 24 | -964.7% | — | ||
| Q3 24 | -95.6% | — | ||
| Q2 24 | -269.2% | — | ||
| Q1 24 | -294.1% | — |
资本支出强度PFSIVFS
| Q4 25 | 2.2% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.3% | — |
现金转化率PFSIVFS
| Q4 25 | -15.46× | — | ||
| Q3 25 | -3.84× | — | ||
| Q2 25 | -0.96× | — | ||
| Q1 25 | 13.97× | — | ||
| Q4 24 | -43.39× | — | ||
| Q3 24 | -5.68× | — | ||
| Q2 24 | -11.12× | — | ||
| Q1 24 | -22.84× | — |
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
PFSI
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% |
