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伟世通（VC）与维多利亚的秘密（VSCO）财务数据对比。点击上方公司名可切换其他公司
维多利亚的秘密的季度营收约是伟世通的1.6倍（$1.5B vs $948.0M），伟世通净利率更高（7.8% vs -2.5%，领先10.3%），维多利亚的秘密同比增速更快（9.3% vs 1.0%），过去两年伟世通的营收复合增速更高（0.8% vs -15.9%）
伟世通是一家总部位于美国密歇根州范布伦镇区的全球性汽车电子供应商，业务涵盖汽车座舱电子产品、车联网服务以及电动化相关产品的设计、研发与制造，客户几乎覆盖全球所有主流汽车制造商。
维多利亚的秘密是美国知名内衣、服饰及美妆零售商，1977年由斯坦福大学研究生罗伊·雷蒙德与妻子盖伊共同创立，1982年旗下5家内衣门店被莱斯·韦克斯纳收购。韦克斯纳随后快速将门店布局到全美各大购物中心，到90年代初已在全国拥有350家门店，销售额达10亿美元，成为美国最大的内衣零售商。
VC vs VSCO — 直观对比
营收规模更大
VSCO
是对方的1.6倍
$948.0M
营收增速更快
VSCO
高出8.3%
1.0%
净利率更高
VC
高出10.3%
-2.5%
两年增速更快
VC
近两年复合增速
-15.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $948.0M | $1.5B |
| 净利润 | $74.0M | $-37.0M |
| 毛利率 | 12.9% | 36.4% |
| 营业利润率 | 6.9% | -1.3% |
| 净利率 | 7.8% | -2.5% |
| 营收同比 | 1.0% | 9.3% |
| 净利润同比 | -40.8% | 33.9% |
| 每股收益（稀释后） | $2.67 | $-0.46 |
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VCVSCO
| Q4 25 | $948.0M | $1.5B | ||
| Q3 25 | $917.0M | $1.5B | ||
| Q2 25 | $969.0M | $1.4B | ||
| Q1 25 | $934.0M | $2.1B | ||
| Q4 24 | $939.0M | $1.3B | ||
| Q3 24 | $980.0M | $1.4B | ||
| Q2 24 | $1.0B | $1.4B | ||
| Q1 24 | $933.0M | $2.1B |
净利润VCVSCO
| Q4 25 | $74.0M | $-37.0M | ||
| Q3 25 | $-11.0M | $16.0M | ||
| Q2 25 | $71.0M | $-2.0M | ||
| Q1 25 | $67.0M | $193.0M | ||
| Q4 24 | $125.0M | $-56.0M | ||
| Q3 24 | $40.0M | $32.0M | ||
| Q2 24 | $83.0M | $-4.0M | ||
| Q1 24 | $48.0M | $180.0M |
毛利率VCVSCO
| Q4 25 | 12.9% | 36.4% | ||
| Q3 25 | 14.3% | 35.6% | ||
| Q2 25 | 14.6% | 35.0% | ||
| Q1 25 | 14.8% | 38.6% | ||
| Q4 24 | 14.3% | 34.7% | ||
| Q3 24 | 13.4% | 35.4% | ||
| Q2 24 | 14.5% | 36.9% | ||
| Q1 24 | 12.8% | 39.7% |
营业利润率VCVSCO
| Q4 25 | 6.9% | -1.3% | ||
| Q3 25 | 8.8% | 2.8% | ||
| Q2 25 | 10.0% | 1.5% | ||
| Q1 25 | 10.2% | 12.8% | ||
| Q4 24 | 8.9% | -3.5% | ||
| Q3 24 | 5.2% | 4.4% | ||
| Q2 24 | 9.9% | 1.9% | ||
| Q1 24 | 6.8% | 12.4% |
净利率VCVSCO
| Q4 25 | 7.8% | -2.5% | ||
| Q3 25 | -1.2% | 1.1% | ||
| Q2 25 | 7.3% | -0.1% | ||
| Q1 25 | 7.2% | 9.2% | ||
| Q4 24 | 13.3% | -4.2% | ||
| Q3 24 | 4.1% | 2.3% | ||
| Q2 24 | 8.2% | -0.3% | ||
| Q1 24 | 5.1% | 8.6% |
每股收益（稀释后）VCVSCO
| Q4 25 | $2.67 | $-0.46 | ||
| Q3 25 | $-0.40 | $0.20 | ||
| Q2 25 | $2.57 | $-0.02 | ||
| Q1 25 | $2.44 | $2.41 | ||
| Q4 24 | $4.50 | $-0.71 | ||
| Q3 24 | $1.43 | $0.40 | ||
| Q2 24 | $2.97 | $-0.05 | ||
| Q1 24 | $1.71 | $2.32 |
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 | $771.0M | $249.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $653.0M |
| 总资产 | $3.4B | $5.1B |
| 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VCVSCO
| Q4 25 | $771.0M | $249.0M | ||
| Q3 25 | $762.0M | $188.0M | ||
| Q2 25 | $668.0M | $138.0M | ||
| Q1 25 | $655.0M | $227.0M | ||
| Q4 24 | $623.0M | $161.0M | ||
| Q3 24 | $550.0M | $169.0M | ||
| Q2 24 | $505.0M | $105.0M | ||
| Q1 24 | $504.0M | $270.0M |
股东权益VCVSCO
| Q4 25 | $1.6B | $653.0M | ||
| Q3 25 | $1.5B | $680.0M | ||
| Q2 25 | $1.5B | $645.0M | ||
| Q1 25 | $1.4B | $640.0M | ||
| Q4 24 | $1.3B | $429.0M | ||
| Q3 24 | $1.3B | $472.0M | ||
| Q2 24 | $1.2B | $423.0M | ||
| Q1 24 | $1.1B | $417.0M |
总资产VCVSCO
| Q4 25 | $3.4B | $5.1B | ||
| Q3 25 | $3.3B | $4.8B | ||
| Q2 25 | $3.3B | $4.6B | ||
| Q1 25 | $3.1B | $4.5B | ||
| Q4 24 | $3.0B | $4.9B | ||
| Q3 24 | $3.0B | $4.6B | ||
| Q2 24 | $2.8B | $4.4B | ||
| Q1 24 | $2.8B | $4.6B |
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 | $118.0M | $-180.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-232.0M |
| 自由现金流率自由现金流/营收 | — | -15.8% |
| 资本支出强度资本支出/营收 | — | 3.5% |
| 现金转化率经营现金流/净利润 | 1.59× | — |
| 过去12个月自由现金流最近4个季度 | — | $309.0M |
8季度趋势，按日历期对齐
经营现金流VCVSCO
| Q4 25 | $118.0M | $-180.0M | ||
| Q3 25 | $127.0M | $156.0M | ||
| Q2 25 | $95.0M | $-150.0M | ||
| Q1 25 | $70.0M | $674.0M | ||
| Q4 24 | $203.0M | $-248.0M | ||
| Q3 24 | $98.0M | $115.0M | ||
| Q2 24 | $57.0M | $-116.0M | ||
| Q1 24 | $69.0M | $589.0M |
自由现金流VCVSCO
| Q4 25 | — | $-232.0M | ||
| Q3 25 | — | $88.0M | ||
| Q2 25 | — | $-193.0M | ||
| Q1 25 | — | $646.0M | ||
| Q4 24 | — | $-299.0M | ||
| Q3 24 | — | $55.0M | ||
| Q2 24 | — | $-155.0M | ||
| Q1 24 | — | $557.0M |
自由现金流率VCVSCO
| Q4 25 | — | -15.8% | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | — | -14.3% | ||
| Q1 25 | — | 30.7% | ||
| Q4 24 | — | -22.2% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | -11.4% | ||
| Q1 24 | — | 26.7% |
资本支出强度VCVSCO
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 1.5% |
现金转化率VCVSCO
| Q4 25 | 1.59× | — | ||
| Q3 25 | — | 9.75× | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 1.04× | 3.49× | ||
| Q4 24 | 1.62× | — | ||
| Q3 24 | 2.45× | 3.59× | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | 1.44× | 3.27× |
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
VC
| Audioandinfotainment | $508.0M | 54% |
| Informationdisplays | $428.0M | 45% |
VSCO
| Sales Channel North America Stores | $778.0M | 53% |
| Sales Channel Directly To Consumer | $429.0M | 29% |
| Sales Channel International | $265.0M | 18% |
| Sales Channel Loyalty And Private Label Credit Card | $19.0M | 1% |
