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威世精密集团（VPG）与威世（VSH）财务数据对比。点击上方公司名可切换其他公司
威世的季度营收约是威世精密集团的9.9倍（$800.9M vs $80.6M）。威世净利率更高（0.1% vs -2.4%，领先2.5%）。威世同比增速更快（12.1% vs 10.9%）。威世自由现金流更多（$54.6M vs $1.4M）。过去两年威世的营收复合增速更高（3.6% vs -0.1%）
威世精密集团是美国知名电子元器件制造商，业务脱胎于威世集团旗下精密测量业务板块。公司在美洲、欧洲、亚洲及以色列均设有生产基地，主要生产整流器、二极管、MOS管、光电子器件、电阻电容电感等被动元件及特定集成电路，产品广泛应用于各类电子领域。
威世（Vishay Intertechnology）是美国知名的分立半导体与被动电子元器件制造商，由企业家菲利克斯·赞德曼创立。公司在以色列、亚洲、欧洲、美洲均设有生产基地，产品覆盖整流器、二极管、MOSFET、光电器件、精选集成电路、电阻器、电容器、电感器等品类，2024年营收达29亿美元，全球全职员工约2.27万人。
VPG vs VSH — 直观对比
营收规模更大
VSH
是对方的9.9倍
$80.6M
营收增速更快
VSH
高出1.2%
10.9%
净利率更高
VSH
高出2.5%
-2.4%
自由现金流更多
VSH
多$53.2M
$1.4M
两年增速更快
VSH
近两年复合增速
-0.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $80.6M | $800.9M |
| 净利润 | $-1.9M | $986.0K |
| 毛利率 | 36.8% | 19.6% |
| 营业利润率 | 1.3% | 1.8% |
| 净利率 | -2.4% | 0.1% |
| 营收同比 | 10.9% | 12.1% |
| 净利润同比 | -381.8% | 101.5% |
| 每股收益（稀释后） | $-0.14 | $0.01 |
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VPGVSH
| Q4 25 | $80.6M | $800.9M | ||
| Q3 25 | $79.7M | $790.6M | ||
| Q2 25 | $75.2M | $762.3M | ||
| Q1 25 | $71.7M | $715.2M | ||
| Q4 24 | $72.7M | $714.7M | ||
| Q3 24 | $75.7M | $735.4M | ||
| Q2 24 | $77.4M | $741.2M | ||
| Q1 24 | $80.8M | $746.3M |
净利润VPGVSH
| Q4 25 | $-1.9M | $986.0K | ||
| Q3 25 | $7.9M | $-7.9M | ||
| Q2 25 | $248.0K | $2.0M | ||
| Q1 25 | $-942.0K | $-4.1M | ||
| Q4 24 | $688.0K | $-66.1M | ||
| Q3 24 | $-1.4M | $-19.3M | ||
| Q2 24 | $4.6M | $23.5M | ||
| Q1 24 | $5.9M | $30.9M |
毛利率VPGVSH
| Q4 25 | 36.8% | 19.6% | ||
| Q3 25 | 40.3% | 19.5% | ||
| Q2 25 | 40.7% | 19.5% | ||
| Q1 25 | 37.7% | 19.0% | ||
| Q4 24 | 38.2% | 19.9% | ||
| Q3 24 | 40.0% | 20.5% | ||
| Q2 24 | 41.9% | 22.0% | ||
| Q1 24 | 43.4% | 22.8% |
营业利润率VPGVSH
| Q4 25 | 1.3% | 1.8% | ||
| Q3 25 | 12.7% | 2.4% | ||
| Q2 25 | 3.6% | 2.9% | ||
| Q1 25 | -0.1% | 0.1% | ||
| Q4 24 | 0.3% | -7.9% | ||
| Q3 24 | 5.1% | -2.5% | ||
| Q2 24 | 7.6% | 5.1% | ||
| Q1 24 | 8.6% | 5.7% |
净利率VPGVSH
| Q4 25 | -2.4% | 0.1% | ||
| Q3 25 | 9.9% | -1.0% | ||
| Q2 25 | 0.3% | 0.3% | ||
| Q1 25 | -1.3% | -0.6% | ||
| Q4 24 | 0.9% | -9.2% | ||
| Q3 24 | -1.8% | -2.6% | ||
| Q2 24 | 6.0% | 3.2% | ||
| Q1 24 | 7.3% | 4.1% |
每股收益（稀释后）VPGVSH
| Q4 25 | $-0.14 | $0.01 | ||
| Q3 25 | $0.59 | $-0.06 | ||
| Q2 25 | $0.02 | $0.01 | ||
| Q1 25 | $-0.07 | $-0.03 | ||
| Q4 24 | $0.06 | $-0.48 | ||
| Q3 24 | $-0.10 | $-0.14 | ||
| Q2 24 | $0.34 | $0.17 | ||
| Q1 24 | $0.44 | $0.22 |
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 | $87.4M | $515.0M |
| 总债务越低越好 | $20.6M | $950.9M |
| 股东权益账面价值 | $336.4M | $2.1B |
| 总资产 | $455.9M | $4.2B |
| 负债/权益比越低杠杆越低 | 0.06× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资VPGVSH
| Q4 25 | $87.4M | $515.0M | ||
| Q3 25 | $86.3M | $443.9M | ||
| Q2 25 | $90.4M | $473.9M | ||
| Q1 25 | — | $609.4M | ||
| Q4 24 | $79.3M | $590.3M | ||
| Q3 24 | — | $643.8M | ||
| Q2 24 | — | $672.7M | ||
| Q1 24 | — | $796.5M |
总债务VPGVSH
| Q4 25 | $20.6M | $950.9M | ||
| Q3 25 | $20.6M | $919.7M | ||
| Q2 25 | $31.5M | $914.5M | ||
| Q1 25 | — | $988.2M | ||
| Q4 24 | $31.4M | $905.0M | ||
| Q3 24 | $31.4M | $820.8M | ||
| Q2 24 | $31.9M | $820.6M | ||
| Q1 24 | $31.9M | $819.4M |
股东权益VPGVSH
| Q4 25 | $336.4M | $2.1B | ||
| Q3 25 | $337.8M | $2.1B | ||
| Q2 25 | $331.2M | $2.1B | ||
| Q1 25 | $325.0M | $2.0B | ||
| Q4 24 | $322.0M | $2.0B | ||
| Q3 24 | $330.6M | $2.2B | ||
| Q2 24 | $327.0M | $2.2B | ||
| Q1 24 | $327.9M | $2.2B |
总资产VPGVSH
| Q4 25 | $455.9M | $4.2B | ||
| Q3 25 | $462.3M | $4.2B | ||
| Q2 25 | $465.6M | $4.2B | ||
| Q1 25 | $453.8M | $4.2B | ||
| Q4 24 | $450.9M | $4.1B | ||
| Q3 24 | $462.5M | $4.2B | ||
| Q2 24 | $462.8M | $4.2B | ||
| Q1 24 | $466.2M | $4.3B |
负债/权益比VPGVSH
| Q4 25 | 0.06× | 0.46× | ||
| Q3 25 | 0.06× | 0.44× | ||
| Q2 25 | 0.10× | 0.44× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | 0.10× | 0.45× | ||
| Q3 24 | 0.09× | 0.38× | ||
| Q2 24 | 0.10× | 0.38× | ||
| Q1 24 | 0.10× | 0.38× |
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 | $4.4M | $149.4M |
| 自由现金流经营现金流 - 资本支出 | $1.4M | $54.6M |
| 自由现金流率自由现金流/营收 | 1.7% | 6.8% |
| 资本支出强度资本支出/营收 | 3.8% | 11.8% |
| 现金转化率经营现金流/净利润 | — | 151.48× |
| 过去12个月自由现金流最近4个季度 | $6.4M | $-89.0M |
8季度趋势，按日历期对齐
经营现金流VPGVSH
| Q4 25 | $4.4M | $149.4M | ||
| Q3 25 | $-1.3M | $27.6M | ||
| Q2 25 | $6.0M | $-8.8M | ||
| Q1 25 | $5.2M | $16.1M | ||
| Q4 24 | $6.8M | $67.7M | ||
| Q3 24 | $-831.0K | $50.6M | ||
| Q2 24 | $7.5M | $-24.7M | ||
| Q1 24 | $6.4M | $80.2M |
自由现金流VPGVSH
| Q4 25 | $1.4M | $54.6M | ||
| Q3 25 | $-3.5M | $-24.7M | ||
| Q2 25 | $4.7M | $-73.4M | ||
| Q1 25 | $3.7M | $-45.5M | ||
| Q4 24 | $4.6M | $-77.2M | ||
| Q3 24 | $-2.6M | $-9.0M | ||
| Q2 24 | $4.9M | $-87.3M | ||
| Q1 24 | $3.8M | $27.1M |
自由现金流率VPGVSH
| Q4 25 | 1.7% | 6.8% | ||
| Q3 25 | -4.3% | -3.1% | ||
| Q2 25 | 6.3% | -9.6% | ||
| Q1 25 | 5.2% | -6.4% | ||
| Q4 24 | 6.3% | -10.8% | ||
| Q3 24 | -3.5% | -1.2% | ||
| Q2 24 | 6.3% | -11.8% | ||
| Q1 24 | 4.7% | 3.6% |
资本支出强度VPGVSH
| Q4 25 | 3.8% | 11.8% | ||
| Q3 25 | 2.8% | 6.6% | ||
| Q2 25 | 1.7% | 8.5% | ||
| Q1 25 | 2.1% | 8.6% | ||
| Q4 24 | 3.0% | 20.3% | ||
| Q3 24 | 2.4% | 8.1% | ||
| Q2 24 | 3.4% | 8.4% | ||
| Q1 24 | 3.2% | 7.1% |
现金转化率VPGVSH
| Q4 25 | — | 151.48× | ||
| Q3 25 | -0.16× | — | ||
| Q2 25 | 24.04× | -4.39× | ||
| Q1 25 | — | — | ||
| Q4 24 | 9.85× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.62× | -1.05× | ||
| Q1 24 | 1.09× | 2.59× |
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
VPG
| Other | $38.6M | 48% |
| Sensors Segment | $14.1M | 18% |
| Measurement Systems Segment | $13.0M | 16% |
| Weighing Solutions Segment | $11.3M | 14% |
| IL | $3.5M | 4% |
VSH
| Resistors Segment | $189.4M | 24% |
| Diodes Segment | $154.2M | 19% |
| Capacitors Segment | $136.5M | 17% |
| Other | $126.4M | 16% |
| Inductors Segment | $92.6M | 12% |
| Optoelectronic Components Segment | $55.7M | 7% |
| EMS Companies | $51.6M | 6% |
