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VinFast Auto Ltd.（VFS）与W. P. Carey Inc.（WPC）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W. P. Carey Inc.的1.6倍（$718.6M vs $444.5M），W. P. Carey Inc.净利率更高（33.4% vs -2.8%，领先36.1%）
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。
W.P.凯里是一家房地产投资信托企业，主打投资以三净租赁模式租予单一租户的物业。公司注册地位于美国马里兰州，核心办公地点设在纽约市，深耕商业地产投资领域，拥有成熟的运营经验与优质的项目资源。
VFS vs WPC — 直观对比
营收规模更大
VFS
是对方的1.6倍
$444.5M
净利率更高
WPC
高出36.1%
-2.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $718.6M | $444.5M |
| 净利润 | $-20.0M | $148.3M |
| 毛利率 | — | — |
| 营业利润率 | -96.1% | 34.5% |
| 净利率 | -2.8% | 33.4% |
| 营收同比 | — | 9.4% |
| 净利润同比 | — | 215.4% |
| 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VFSWPC
| Q4 25 | — | $444.5M | ||
| Q3 25 | $718.6M | $431.3M | ||
| Q2 25 | $663.0M | $430.8M | ||
| Q1 25 | $656.5M | $409.9M | ||
| Q4 24 | — | $406.2M | ||
| Q3 24 | $511.6M | $397.4M | ||
| Q2 24 | — | $389.7M | ||
| Q1 24 | $302.6M | $389.8M |
净利润VFSWPC
| Q4 25 | — | $148.3M | ||
| Q3 25 | $-20.0M | $141.0M | ||
| Q2 25 | $-51.8M | $51.2M | ||
| Q1 25 | $-26.1M | $125.8M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | $-10.4M | $111.7M | ||
| Q2 24 | — | $142.9M | ||
| Q1 24 | $-618.3M | $159.2M |
营业利润率VFSWPC
| Q4 25 | — | 34.5% | ||
| Q3 25 | -96.1% | 34.7% | ||
| Q2 25 | -79.0% | 15.0% | ||
| Q1 25 | -74.0% | 33.5% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | -65.9% | 30.4% | ||
| Q2 24 | — | 38.3% | ||
| Q1 24 | -139.4% | 43.0% |
净利率VFSWPC
| Q4 25 | — | 33.4% | ||
| Q3 25 | -2.8% | 32.7% | ||
| Q2 25 | -7.8% | 11.9% | ||
| Q1 25 | -4.0% | 30.7% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | -2.0% | 28.1% | ||
| Q2 24 | — | 36.7% | ||
| Q1 24 | -204.3% | 40.8% |
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 | $155.3M |
| 总债务越低越好 | — | $8.7B |
| 股东权益账面价值 | — | $8.1B |
| 总资产 | $183.2M | $18.0B |
| 负债/权益比越低杠杆越低 | — | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资VFSWPC
| Q4 25 | — | $155.3M | ||
| Q3 25 | $8.8M | $249.0M | ||
| Q2 25 | $650.0M | $244.8M | ||
| Q1 25 | $2.4M | $187.8M | ||
| Q4 24 | — | $640.4M | ||
| Q3 24 | $1.9M | $818.2M | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $3.0M | $777.0M |
总债务VFSWPC
| Q4 25 | — | $8.7B | ||
| Q3 25 | — | $8.7B | ||
| Q2 25 | — | $8.6B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $8.0B | ||
| Q2 24 | — | $8.1B | ||
| Q1 24 | — | $7.9B |
股东权益VFSWPC
| Q4 25 | — | $8.1B | ||
| Q3 25 | — | $8.2B | ||
| Q2 25 | $-7.2B | $8.2B | ||
| Q1 25 | — | $8.4B | ||
| Q4 24 | — | $8.4B | ||
| Q3 24 | — | $8.6B | ||
| Q2 24 | — | $8.6B | ||
| Q1 24 | — | $8.7B |
总资产VFSWPC
| Q4 25 | — | $18.0B | ||
| Q3 25 | $183.2M | $18.0B | ||
| Q2 25 | $7.2B | $18.0B | ||
| Q1 25 | $158.2M | $17.3B | ||
| Q4 24 | — | $17.5B | ||
| Q3 24 | $151.8M | $17.6B | ||
| Q2 24 | — | $17.8B | ||
| Q1 24 | $145.6M | $17.6B |
负债/权益比VFSWPC
| Q4 25 | — | 1.07× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | — | 0.95× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 0.94× | ||
| Q1 24 | — | 0.91× |
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 | — | $304.6M |
| 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 | — | 2.05× |
| 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VFSWPC
| Q4 25 | — | $304.6M | ||
| Q3 25 | — | $300.5M | ||
| Q2 25 | — | $404.0M | ||
| Q1 25 | — | $273.2M | ||
| Q4 24 | — | $296.3M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $221.0M | ||
| Q1 24 | — | $1.0B |
现金转化率VFSWPC
| Q4 25 | — | 2.05× | ||
| Q3 25 | — | 2.13× | ||
| Q2 25 | — | 7.89× | ||
| Q1 25 | — | 2.17× | ||
| Q4 24 | — | 6.30× | ||
| Q3 24 | — | 2.51× | ||
| Q2 24 | — | 1.55× | ||
| Q1 24 | — | 6.50× |
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
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% |
WPC
暂无分部数据
