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Side-by-side financial comparison of Ascendis Pharma A/S (ASND) and VNET Group, Inc. (VNET). Click either name above to swap in a different company.

VNET Group, Inc. is the larger business by last-quarter revenue ($362.7M vs $267.3M, roughly 1.4× Ascendis Pharma A/S). Over the past eight quarters, Ascendis Pharma A/S's revenue compounded faster (60.7% CAGR vs 17.4%).

Growth hormone therapy refers to the use of growth hormone (GH) as a prescription medication—it is one form of hormone therapy. Growth hormone is a peptide hormone secreted by the pituitary gland that stimulates growth and cell reproduction. In the past, growth hormone was extracted from human pituitary glands. Growth hormone is now produced by recombinant DNA technology and is prescribed for a variety of reasons. GH therapy has been a focus of social and ethical controversies for 50 years.

VNET Group, Inc. is a leading neutral internet data center service provider operating primarily in China. It offers cloud computing infrastructure, colocation services, managed network solutions, and hybrid cloud support to enterprise clients across technology, finance, and retail sectors, enabling stable, high-performance digital operation foundations for domestic and global businesses expanding in the Chinese market.

ASND vs VNET — Head-to-Head

Bigger by revenue
VNET
VNET
1.4× larger
VNET
$362.7M
$267.3M
ASND
Faster 2-yr revenue CAGR
ASND
ASND
Annualised
ASND
60.7%
17.4%
VNET

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ASND
ASND
VNET
VNET
Revenue
$267.3M
$362.7M
Net Profit
$-38.7M
Gross Margin
90.5%
20.9%
Operating Margin
0.5%
Net Margin
-10.7%
Revenue YoY
42.3%
Net Profit YoY
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASND
ASND
VNET
VNET
Q4 25
$267.3M
Q3 25
$230.7M
$362.7M
Q2 25
$170.7M
Q1 25
$109.0M
$309.5M
Q4 24
$187.8M
Q3 24
$62.5M
$302.2M
Q2 24
$38.9M
$274.4M
Q1 24
$103.6M
$262.9M
Net Profit
ASND
ASND
VNET
VNET
Q4 25
Q3 25
$-65.9M
$-38.7M
Q2 25
$-42.0M
Q1 25
$-102.2M
$-2.4M
Q4 24
Q3 24
$-107.1M
$-2.1M
Q2 24
$-118.1M
$-1.1M
Q1 24
$-141.5M
$-22.0M
Gross Margin
ASND
ASND
VNET
VNET
Q4 25
90.5%
Q3 25
89.5%
20.9%
Q2 25
80.1%
Q1 25
82.6%
25.2%
Q4 24
91.9%
Q3 24
80.6%
23.2%
Q2 24
68.2%
21.3%
Q1 24
92.1%
21.6%
Operating Margin
ASND
ASND
VNET
VNET
Q4 25
Q3 25
5.1%
0.5%
Q2 25
-33.5%
Q1 25
-103.2%
0.1%
Q4 24
Q3 24
-167.3%
24.5%
Q2 24
-370.2%
0.2%
Q1 24
-51.2%
0.2%
Net Margin
ASND
ASND
VNET
VNET
Q4 25
Q3 25
-28.5%
-10.7%
Q2 25
-24.6%
Q1 25
-93.7%
-0.8%
Q4 24
Q3 24
-171.5%
-0.7%
Q2 24
-303.9%
-0.4%
Q1 24
-136.6%
-8.4%

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASND
ASND
VNET
VNET
Cash + ST InvestmentsLiquidity on hand
$665.3M
$492.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-175.8M
$890.8M
Total Assets
$1.4B
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASND
ASND
VNET
VNET
Q4 25
$665.3M
Q3 25
$582.2M
$492.1M
Q2 25
$533.6M
Q1 25
$559.4M
$544.3M
Q4 24
$604.3M
Q3 24
$675.6M
$219.5M
Q2 24
$279.4M
$247.2M
Q1 24
$345.9M
$246.9M
Total Debt
ASND
ASND
VNET
VNET
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$1.2B
Q2 24
Q1 24
Stockholders' Equity
ASND
ASND
VNET
VNET
Q4 25
$-175.8M
Q3 25
$-188.0M
$890.8M
Q2 25
$-202.6M
Q1 25
$-205.0M
$927.8M
Q4 24
$-114.2M
Q3 24
$-105.1M
$902.9M
Q2 24
$-346.8M
$900.6M
Q1 24
$-257.2M
$895.1M
Total Assets
ASND
ASND
VNET
VNET
Q4 25
$1.4B
Q3 25
$1.2B
$6.1B
Q2 25
$1.2B
Q1 25
$1.1B
$5.4B
Q4 24
$1.3B
Q3 24
$1.2B
$4.3B
Q2 24
$819.0M
$4.0B
Q1 24
$866.7M
$3.9B
Debt / Equity
ASND
ASND
VNET
VNET
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
1.28×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASND
ASND
VNET
VNET
Operating Cash FlowLast quarter
$58.2M
$113.8M
Free Cash FlowOCF − Capex
$-193.1M
FCF MarginFCF / Revenue
-53.2%
Capex IntensityCapex / Revenue
84.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-589.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASND
ASND
VNET
VNET
Q4 25
$58.2M
Q3 25
$113.8M
Q2 25
Q1 25
$-15.5M
$27.0M
Q4 24
$-330.7M
Q3 24
$108.3M
Q2 24
$55.8M
Q1 24
$-109.7M
$37.1M
Free Cash Flow
ASND
ASND
VNET
VNET
Q4 25
Q3 25
$-193.1M
Q2 25
Q1 25
$-220.0M
Q4 24
Q3 24
$-95.0M
Q2 24
$-81.6M
Q1 24
$-102.2M
FCF Margin
ASND
ASND
VNET
VNET
Q4 25
Q3 25
-53.2%
Q2 25
Q1 25
-71.1%
Q4 24
Q3 24
-31.4%
Q2 24
-29.8%
Q1 24
-38.9%
Capex Intensity
ASND
ASND
VNET
VNET
Q4 25
Q3 25
84.6%
Q2 25
Q1 25
79.8%
Q4 24
Q3 24
67.3%
Q2 24
50.1%
Q1 24
53.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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