vs
Talen Energy Corp（TLN）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
Talen Energy Corp的季度营收约是VinFast Auto Ltd.的1.1倍（$758.0M vs $718.6M），VinFast Auto Ltd.净利率更高（-2.8% vs -47.9%，领先45.1%）
PPL公司是总部位于美国宾夕法尼亚州东部利哈伊谷阿伦敦的能源企业，于纽约证券交易所上市（股票代码：PPL），属标普500指数成分股。截至2022年，公司营收79亿美元，总资产超370亿美元，拥有6500名员工，服务360万客户。
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。
TLN vs VFS — 直观对比
营收规模更大
TLN
是对方的1.1倍
$718.6M
净利率更高
VFS
高出45.1%
-47.9%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $758.0M | $718.6M |
| 净利润 | $-363.0M | $-20.0M |
| 毛利率 | — | — |
| 营业利润率 | -41.3% | -96.1% |
| 净利率 | -47.9% | -2.8% |
| 营收同比 | 114.7% | — |
| 净利润同比 | -542.7% | — |
| 每股收益（稀释后） | $-7.60 | — |
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TLNVFS
| Q4 25 | $758.0M | — | ||
| Q3 25 | $697.0M | $718.6M | ||
| Q2 25 | $409.0M | $663.0M | ||
| Q1 25 | $654.0M | $656.5M | ||
| Q4 24 | $353.0M | — | ||
| Q3 24 | $459.0M | $511.6M | ||
| Q2 24 | $346.0M | — | ||
| Q1 24 | $416.0M | $302.6M |
净利润TLNVFS
| Q4 25 | $-363.0M | — | ||
| Q3 25 | $207.0M | $-20.0M | ||
| Q2 25 | $72.0M | $-51.8M | ||
| Q1 25 | $-135.0M | $-26.1M | ||
| Q4 24 | $82.0M | — | ||
| Q3 24 | $168.0M | $-10.4M | ||
| Q2 24 | $454.0M | — | ||
| Q1 24 | $294.0M | $-618.3M |
营业利润率TLNVFS
| Q4 25 | -41.3% | — | ||
| Q3 25 | 37.7% | -96.1% | ||
| Q2 25 | 16.1% | -79.0% | ||
| Q1 25 | -16.2% | -74.0% | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 34.4% | -65.9% | ||
| Q2 24 | 7.8% | — | ||
| Q1 24 | 6.0% | -139.4% |
净利率TLNVFS
| Q4 25 | -47.9% | — | ||
| Q3 25 | 29.7% | -2.8% | ||
| Q2 25 | 17.6% | -7.8% | ||
| Q1 25 | -20.6% | -4.0% | ||
| Q4 24 | 23.2% | — | ||
| Q3 24 | 36.6% | -2.0% | ||
| Q2 24 | 131.2% | — | ||
| Q1 24 | 70.7% | -204.3% |
每股收益（稀释后）TLNVFS
| Q4 25 | $-7.60 | — | ||
| Q3 25 | $4.25 | — | ||
| Q2 25 | $1.50 | — | ||
| Q1 25 | $-2.94 | — | ||
| Q4 24 | $2.07 | — | ||
| Q3 24 | $3.16 | — | ||
| Q2 24 | $7.60 | — | ||
| Q1 24 | $4.84 | — |
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 | $689.0M | $8.8M |
| 总债务越低越好 | $6.8B | — |
| 股东权益账面价值 | $1.1B | — |
| 总资产 | $10.9B | $183.2M |
| 负债/权益比越低杠杆越低 | 6.23× | — |
8季度趋势，按日历期对齐
现金及短期投资TLNVFS
| Q4 25 | $689.0M | — | ||
| Q3 25 | $497.0M | $8.8M | ||
| Q2 25 | $122.0M | $650.0M | ||
| Q1 25 | $295.0M | $2.4M | ||
| Q4 24 | $328.0M | — | ||
| Q3 24 | $648.0M | $1.9M | ||
| Q2 24 | $632.0M | — | ||
| Q1 24 | — | $3.0M |
总债务TLNVFS
| Q4 25 | $6.8B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.6B | — | ||
| Q1 24 | — | — |
股东权益TLNVFS
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.2B | $-7.2B | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.8B | — |
总资产TLNVFS
| Q4 25 | $10.9B | — | ||
| Q3 25 | $6.1B | $183.2M | ||
| Q2 25 | $5.8B | $7.2B | ||
| Q1 25 | $5.9B | $158.2M | ||
| Q4 24 | $6.1B | — | ||
| Q3 24 | $6.8B | $151.8M | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | — | $145.6M |
负债/权益比TLNVFS
| Q4 25 | 6.23× | — | ||
| Q3 25 | 2.03× | — | ||
| Q2 25 | 2.40× | — | ||
| Q1 25 | 2.54× | — | ||
| Q4 24 | 2.17× | — | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 1.05× | — | ||
| Q1 24 | — | — |
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 | $280.0M | — |
| 自由现金流经营现金流 - 资本支出 | $254.0M | — |
| 自由现金流率自由现金流/营收 | 33.5% | — |
| 资本支出强度资本支出/营收 | 3.4% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $606.0M | — |
8季度趋势，按日历期对齐
经营现金流TLNVFS
| Q4 25 | $280.0M | — | ||
| Q3 25 | $489.0M | — | ||
| Q2 25 | $-184.0M | — | ||
| Q1 25 | $119.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $96.0M | — | ||
| Q2 24 | $-23.0M | — | ||
| Q1 24 | $173.0M | — |
自由现金流TLNVFS
| Q4 25 | $254.0M | — | ||
| Q3 25 | $468.0M | — | ||
| Q2 25 | $-217.0M | — | ||
| Q1 25 | $101.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $83.0M | — | ||
| Q2 24 | $-43.0M | — | ||
| Q1 24 | $148.0M | — |
自由现金流率TLNVFS
| Q4 25 | 33.5% | — | ||
| Q3 25 | 67.1% | — | ||
| Q2 25 | -53.1% | — | ||
| Q1 25 | 15.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | -12.4% | — | ||
| Q1 24 | 35.6% | — |
资本支出强度TLNVFS
| Q4 25 | 3.4% | — | ||
| Q3 25 | 3.0% | — | ||
| Q2 25 | 8.1% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | 6.0% | — |
现金转化率TLNVFS
| Q4 25 | — | — | ||
| Q3 25 | 2.36× | — | ||
| Q2 25 | -2.56× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.57× | — | ||
| Q2 24 | -0.05× | — | ||
| Q1 24 | 0.59× | — |
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
TLN
| Electricity Sales And Ancillary Services | $555.0M | 73% |
| Operating Revenue Capacity | $182.0M | 24% |
| Physical Electricity Sales Bilateral Contracts Other | $21.0M | 3% |
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% |
