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Regency Centers（REG）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Regency Centers的1.8倍（$718.6M vs $404.2M），Regency Centers净利率更高（50.1% vs -2.8%，领先52.9%）
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
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。
REG vs VFS — 直观对比
营收规模更大
VFS
是对方的1.8倍
$404.2M
净利率更高
REG
高出52.9%
-2.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $404.2M | $718.6M |
| 净利润 | $202.5M | $-20.0M |
| 毛利率 | — | — |
| 营业利润率 | 71.0% | -96.1% |
| 净利率 | 50.1% | -2.8% |
| 营收同比 | 8.5% | — |
| 净利润同比 | 134.1% | — |
| 每股收益（稀释后） | — | — |
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REGVFS
| Q4 25 | $404.2M | — | ||
| Q3 25 | $387.6M | $718.6M | ||
| Q2 25 | $380.8M | $663.0M | ||
| Q1 25 | $380.9M | $656.5M | ||
| Q4 24 | $372.5M | — | ||
| Q3 24 | $360.3M | $511.6M | ||
| Q2 24 | $357.3M | — | ||
| Q1 24 | $363.9M | $302.6M |
净利润REGVFS
| Q4 25 | $202.5M | — | ||
| Q3 25 | $109.4M | $-20.0M | ||
| Q2 25 | $106.0M | $-51.8M | ||
| Q1 25 | $109.6M | $-26.1M | ||
| Q4 24 | $86.5M | — | ||
| Q3 24 | $101.5M | $-10.4M | ||
| Q2 24 | $102.7M | — | ||
| Q1 24 | $109.8M | $-618.3M |
营业利润率REGVFS
| Q4 25 | 71.0% | — | ||
| Q3 25 | 72.7% | -96.1% | ||
| Q2 25 | 73.8% | -79.0% | ||
| Q1 25 | 71.8% | -74.0% | ||
| Q4 24 | 71.1% | — | ||
| Q3 24 | 72.5% | -65.9% | ||
| Q2 24 | 72.3% | — | ||
| Q1 24 | 72.3% | -139.4% |
净利率REGVFS
| Q4 25 | 50.1% | — | ||
| Q3 25 | 28.2% | -2.8% | ||
| Q2 25 | 27.8% | -7.8% | ||
| Q1 25 | 28.8% | -4.0% | ||
| Q4 24 | 23.2% | — | ||
| Q3 24 | 28.2% | -2.0% | ||
| Q2 24 | 28.7% | — | ||
| Q1 24 | 30.2% | -204.3% |
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 | — | $8.8M |
| 总债务越低越好 | $4.7B | — |
| 股东权益账面价值 | $6.9B | — |
| 总资产 | $13.0B | $183.2M |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资REGVFS
| Q4 25 | — | — | ||
| Q3 25 | — | $8.8M | ||
| Q2 25 | — | $650.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.9M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $3.0M |
总债务REGVFS
| Q4 25 | $4.7B | — | ||
| Q3 25 | $4.9B | — | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.4B | — | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.4B | — | ||
| Q1 24 | $4.4B | — |
股东权益REGVFS
| Q4 25 | $6.9B | — | ||
| Q3 25 | $6.8B | — | ||
| Q2 25 | $6.7B | $-7.2B | ||
| Q1 25 | $6.7B | — | ||
| Q4 24 | $6.7B | — | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $6.8B | — | ||
| Q1 24 | $7.0B | — |
总资产REGVFS
| Q4 25 | $13.0B | — | ||
| Q3 25 | $13.1B | $183.2M | ||
| Q2 25 | $12.7B | $7.2B | ||
| Q1 25 | $12.6B | $158.2M | ||
| Q4 24 | $12.4B | — | ||
| Q3 24 | $12.4B | $151.8M | ||
| Q2 24 | $12.4B | — | ||
| Q1 24 | $12.7B | $145.6M |
负债/权益比REGVFS
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.64× | — | ||
| Q1 24 | 0.63× | — |
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 | $203.9M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.01× | — |
| 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REGVFS
| Q4 25 | $203.9M | — | ||
| Q3 25 | $218.7M | — | ||
| Q2 25 | $244.0M | — | ||
| Q1 25 | $161.0M | — | ||
| Q4 24 | $191.4M | — | ||
| Q3 24 | $227.6M | — | ||
| Q2 24 | $203.5M | — | ||
| Q1 24 | $167.8M | — |
现金转化率REGVFS
| Q4 25 | 1.01× | — | ||
| Q3 25 | 2.00× | — | ||
| Q2 25 | 2.30× | — | ||
| Q1 25 | 1.47× | — | ||
| Q4 24 | 2.21× | — | ||
| Q3 24 | 2.24× | — | ||
| Q2 24 | 1.98× | — | ||
| Q1 24 | 1.53× | — |
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
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
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% |
