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思佳讯（SWKS）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
思佳讯的季度营收约是VinFast Auto Ltd.的1.4倍（$1.0B vs $718.6M），思佳讯净利率更高（7.6% vs -2.8%，领先10.4%）
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
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。
SWKS vs VFS — 直观对比
营收规模更大
SWKS
是对方的1.4倍
$718.6M
净利率更高
SWKS
高出10.4%
-2.8%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $718.6M |
| 净利润 | $79.2M | $-20.0M |
| 毛利率 | 41.3% | — |
| 营业利润率 | 10.0% | -96.1% |
| 净利率 | 7.6% | -2.8% |
| 营收同比 | 8.6% | — |
| 净利润同比 | 15.3% | — |
| 每股收益（稀释后） | $0.53 | — |
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SWKSVFS
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | — | $718.6M | ||
| Q2 25 | $965.0M | $663.0M | ||
| Q1 25 | $953.2M | $656.5M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | $511.6M | ||
| Q2 24 | $905.5M | — |
净利润SWKSVFS
| Q1 26 | $79.2M | — | ||
| Q4 25 | $141.4M | — | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | $105.0M | $-51.8M | ||
| Q1 25 | $68.7M | $-26.1M | ||
| Q4 24 | $162.0M | — | ||
| Q3 24 | $60.5M | $-10.4M | ||
| Q2 24 | $120.9M | — |
毛利率SWKSVFS
| Q1 26 | 41.3% | — | ||
| Q4 25 | 40.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 41.6% | — | ||
| Q1 25 | 41.1% | — | ||
| Q4 24 | 41.4% | — | ||
| Q3 24 | 41.9% | — | ||
| Q2 24 | 40.2% | — |
营业利润率SWKSVFS
| Q1 26 | 10.0% | — | ||
| Q4 25 | 10.1% | — | ||
| Q3 25 | — | -96.1% | ||
| Q2 25 | 11.5% | -79.0% | ||
| Q1 25 | 10.2% | -74.0% | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 5.8% | -65.9% | ||
| Q2 24 | 14.4% | — |
净利率SWKSVFS
| Q1 26 | 7.6% | — | ||
| Q4 25 | 12.9% | — | ||
| Q3 25 | — | -2.8% | ||
| Q2 25 | 10.9% | -7.8% | ||
| Q1 25 | 7.2% | -4.0% | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | 5.9% | -2.0% | ||
| Q2 24 | 13.4% | — |
每股收益（稀释后）SWKSVFS
| Q1 26 | $0.53 | — | ||
| Q4 25 | $0.95 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $0.70 | — | ||
| Q1 25 | $0.43 | — | ||
| Q4 24 | $1.00 | — | ||
| Q3 24 | $0.36 | — | ||
| Q2 24 | $0.75 | — |
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 | $1.6B | $8.8M |
| 总债务越低越好 | $496.6M | — |
| 股东权益账面价值 | $5.8B | — |
| 总资产 | $7.9B | $183.2M |
| 负债/权益比越低杠杆越低 | 0.09× | — |
8季度趋势，按日历期对齐
现金及短期投资SWKSVFS
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | — | $8.8M | ||
| Q2 25 | $1.3B | $650.0M | ||
| Q1 25 | $1.5B | $2.4M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.6B | $1.9M | ||
| Q2 24 | $1.3B | — |
总债务SWKSVFS
| Q1 26 | $496.6M | — | ||
| Q4 25 | $496.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $496.2M | — | ||
| Q1 25 | $995.1M | — | ||
| Q4 24 | $994.7M | — | ||
| Q3 24 | $994.3M | — | ||
| Q2 24 | $994.0M | — |
股东权益SWKSVFS
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $5.7B | $-7.2B | ||
| Q1 25 | $5.9B | — | ||
| Q4 24 | $6.4B | — | ||
| Q3 24 | $6.3B | — | ||
| Q2 24 | $6.3B | — |
总资产SWKSVFS
| Q1 26 | $7.9B | — | ||
| Q4 25 | $7.9B | — | ||
| Q3 25 | — | $183.2M | ||
| Q2 25 | $7.7B | $7.2B | ||
| Q1 25 | $7.9B | $158.2M | ||
| Q4 24 | $8.3B | — | ||
| Q3 24 | $8.3B | $151.8M | ||
| Q2 24 | $8.2B | — |
负债/权益比SWKSVFS
| Q1 26 | 0.09× | — | ||
| Q4 25 | 0.09× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.17× | — | ||
| Q4 24 | 0.16× | — | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.16× | — |
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 | $395.5M | — |
| 自由现金流经营现金流 - 资本支出 | $339.0M | — |
| 自由现金流率自由现金流/营收 | 32.7% | — |
| 资本支出强度资本支出/营收 | 5.5% | — |
| 现金转化率经营现金流/净利润 | 4.99× | — |
| 过去12个月自由现金流最近4个季度 | $1.1B | — |
8季度趋势，按日历期对齐
经营现金流SWKSVFS
| Q1 26 | $395.5M | — | ||
| Q4 25 | $200.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $314.2M | — | ||
| Q1 25 | $409.4M | — | ||
| Q4 24 | $377.2M | — | ||
| Q3 24 | $476.1M | — | ||
| Q2 24 | $273.4M | — |
自由现金流SWKSVFS
| Q1 26 | $339.0M | — | ||
| Q4 25 | $144.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $252.7M | — | ||
| Q1 25 | $370.9M | — | ||
| Q4 24 | $338.2M | — | ||
| Q3 24 | $393.3M | — | ||
| Q2 24 | $249.0M | — |
自由现金流率SWKSVFS
| Q1 26 | 32.7% | — | ||
| Q4 25 | 13.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 26.2% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 31.7% | — | ||
| Q3 24 | 38.4% | — | ||
| Q2 24 | 27.5% | — |
资本支出强度SWKSVFS
| Q1 26 | 5.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | 4.0% | — | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | 2.7% | — |
现金转化率SWKSVFS
| Q1 26 | 4.99× | — | ||
| Q4 25 | 1.41× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.99× | — | ||
| Q1 25 | 5.96× | — | ||
| Q4 24 | 2.33× | — | ||
| Q3 24 | 7.87× | — | ||
| Q2 24 | 2.26× | — |
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
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
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% |
