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PINTEREST, INC.（PINS）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
PINTEREST, INC.的季度营收约是VinFast Auto Ltd.的1.8倍（$1.3B vs $718.6M），PINTEREST, INC.净利率更高（21.0% vs -2.8%，领先23.8%）
Pinterest是美国社交媒体服务商，主打数字图板形式的信息发布与发现功能，用户可通过图片分享获取食谱、家居、穿搭、创意灵感等多元内容。公司由本·西尔伯曼、保罗·夏拉、埃文·夏普联合创立，总部位于旧金山。
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。
PINS vs VFS — 直观对比
营收规模更大
PINS
是对方的1.8倍
$718.6M
净利率更高
PINS
高出23.8%
-2.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $718.6M |
| 净利润 | $277.1M | $-20.0M |
| 毛利率 | 82.8% | — |
| 营业利润率 | 22.8% | -96.1% |
| 净利率 | 21.0% | -2.8% |
| 营收同比 | 14.3% | — |
| 净利润同比 | -85.0% | — |
| 每股收益（稀释后） | $0.41 | — |
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PINSVFS
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.0B | $718.6M | ||
| Q2 25 | $998.2M | $663.0M | ||
| Q1 25 | $855.0M | $656.5M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $898.4M | $511.6M | ||
| Q2 24 | $853.7M | — | ||
| Q1 24 | $740.0M | $302.6M |
净利润PINSVFS
| Q4 25 | $277.1M | — | ||
| Q3 25 | $92.1M | $-20.0M | ||
| Q2 25 | $38.8M | $-51.8M | ||
| Q1 25 | $8.9M | $-26.1M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $30.6M | $-10.4M | ||
| Q2 24 | $8.9M | — | ||
| Q1 24 | $-24.8M | $-618.3M |
毛利率PINSVFS
| Q4 25 | 82.8% | — | ||
| Q3 25 | 79.8% | — | ||
| Q2 25 | 79.7% | — | ||
| Q1 25 | 76.7% | — | ||
| Q4 24 | 82.9% | — | ||
| Q3 24 | 79.1% | — | ||
| Q2 24 | 78.3% | — | ||
| Q1 24 | 75.5% | — |
营业利润率PINSVFS
| Q4 25 | 22.8% | — | ||
| Q3 25 | 5.6% | -96.1% | ||
| Q2 25 | -0.4% | -79.0% | ||
| Q1 25 | -4.1% | -74.0% | ||
| Q4 24 | 22.7% | — | ||
| Q3 24 | -0.7% | -65.9% | ||
| Q2 24 | -2.5% | — | ||
| Q1 24 | -7.4% | -139.4% |
净利率PINSVFS
| Q4 25 | 21.0% | — | ||
| Q3 25 | 8.8% | -2.8% | ||
| Q2 25 | 3.9% | -7.8% | ||
| Q1 25 | 1.0% | -4.0% | ||
| Q4 24 | 160.1% | — | ||
| Q3 24 | 3.4% | -2.0% | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | -3.4% | -204.3% |
每股收益（稀释后）PINSVFS
| Q4 25 | $0.41 | — | ||
| Q3 25 | $0.13 | — | ||
| Q2 25 | $0.06 | — | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | $2.66 | — | ||
| Q3 24 | $0.04 | — | ||
| Q2 24 | $0.01 | — | ||
| Q1 24 | $-0.04 | — |
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 | $969.3M | $8.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.7B | — |
| 总资产 | $5.5B | $183.2M |
| 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PINSVFS
| Q4 25 | $969.3M | — | ||
| Q3 25 | $1.1B | $8.8M | ||
| Q2 25 | $1.2B | $650.0M | ||
| Q1 25 | $1.3B | $2.4M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | $1.9M | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.6B | $3.0M |
股东权益PINSVFS
| Q4 25 | $4.7B | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $4.8B | $-7.2B | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $4.8B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.1B | — |
总资产PINSVFS
| Q4 25 | $5.5B | — | ||
| Q3 25 | $5.5B | $183.2M | ||
| Q2 25 | $5.4B | $7.2B | ||
| Q1 25 | $5.3B | $158.2M | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $3.5B | $151.8M | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.7B | $145.6M |
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 | $391.2M | — |
| 自由现金流经营现金流 - 资本支出 | $380.4M | — |
| 自由现金流率自由现金流/营收 | 28.8% | — |
| 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 | 1.41× | — |
| 过去12个月自由现金流最近4个季度 | $1.3B | — |
8季度趋势，按日历期对齐
经营现金流PINSVFS
| Q4 25 | $391.2M | — | ||
| Q3 25 | $321.7M | — | ||
| Q2 25 | $207.7M | — | ||
| Q1 25 | $363.7M | — | ||
| Q4 24 | $254.0M | — | ||
| Q3 24 | $248.0M | — | ||
| Q2 24 | $106.4M | — | ||
| Q1 24 | $356.1M | — |
自由现金流PINSVFS
| Q4 25 | $380.4M | — | ||
| Q3 25 | $318.4M | — | ||
| Q2 25 | $196.7M | — | ||
| Q1 25 | $356.4M | — | ||
| Q4 24 | $250.2M | — | ||
| Q3 24 | $244.1M | — | ||
| Q2 24 | $101.6M | — | ||
| Q1 24 | $344.0M | — |
自由现金流率PINSVFS
| Q4 25 | 28.8% | — | ||
| Q3 25 | 30.3% | — | ||
| Q2 25 | 19.7% | — | ||
| Q1 25 | 41.7% | — | ||
| Q4 24 | 21.7% | — | ||
| Q3 24 | 27.2% | — | ||
| Q2 24 | 11.9% | — | ||
| Q1 24 | 46.5% | — |
资本支出强度PINSVFS
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | 1.6% | — |
现金转化率PINSVFS
| Q4 25 | 1.41× | — | ||
| Q3 25 | 3.49× | — | ||
| Q2 25 | 5.36× | — | ||
| Q1 25 | 40.77× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 8.12× | — | ||
| Q2 24 | 11.98× | — | ||
| Q1 24 | — | — |
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
PINS
| United States And Canada | $944.3M | 72% |
| Other | $375.0M | 28% |
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% |
