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Side-by-side financial comparison of Aveanna Healthcare Holdings, Inc. (AVAH) and VNET Group, Inc. (VNET). Click either name above to swap in a different company.

Aveanna Healthcare Holdings, Inc. is the larger business by last-quarter revenue ($621.9M vs $362.7M, roughly 1.7× VNET Group, Inc.). Aveanna Healthcare Holdings, Inc. runs the higher net margin — 2.3% vs -10.7%, a 12.9% gap on every dollar of revenue. Over the past eight quarters, VNET Group, Inc.'s revenue compounded faster (17.4% CAGR vs 14.0%).

Aveanna Healthcare Holdings, Inc. is a leading U.S. provider of home and community-based healthcare services. Its core offerings include pediatric home health, adult personal care, hospice care, and infusion therapy, serving patients across the United States through its nationwide network of local care centers, catering to both public and private payer segments.

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.

AVAH vs VNET — Head-to-Head

Bigger by revenue
AVAH
AVAH
1.7× larger
AVAH
$621.9M
$362.7M
VNET
Higher net margin
AVAH
AVAH
12.9% more per $
AVAH
2.3%
-10.7%
VNET
Faster 2-yr revenue CAGR
VNET
VNET
Annualised
VNET
17.4%
14.0%
AVAH

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
AVAH
AVAH
VNET
VNET
Revenue
$621.9M
$362.7M
Net Profit
$14.1M
$-38.7M
Gross Margin
32.6%
20.9%
Operating Margin
8.6%
0.5%
Net Margin
2.3%
-10.7%
Revenue YoY
22.2%
Net Profit YoY
132.8%
EPS (diluted)
$0.06

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
AVAH
AVAH
VNET
VNET
Q3 25
$621.9M
$362.7M
Q2 25
$589.6M
Q1 25
$559.2M
$309.5M
Q4 24
$519.9M
Q3 24
$509.0M
$302.2M
Q2 24
$505.0M
$274.4M
Q1 24
$490.7M
$262.9M
Q4 23
$478.8M
Net Profit
AVAH
AVAH
VNET
VNET
Q3 25
$14.1M
$-38.7M
Q2 25
$27.0M
Q1 25
$5.2M
$-2.4M
Q4 24
$29.2M
Q3 24
$-42.8M
$-2.1M
Q2 24
$13.9M
$-1.1M
Q1 24
$-11.2M
$-22.0M
Q4 23
$-25.7M
Gross Margin
AVAH
AVAH
VNET
VNET
Q3 25
32.6%
20.9%
Q2 25
35.8%
Q1 25
32.8%
25.2%
Q4 24
33.0%
Q3 24
31.4%
23.2%
Q2 24
31.3%
21.3%
Q1 24
29.7%
21.6%
Q4 23
31.0%
Operating Margin
AVAH
AVAH
VNET
VNET
Q3 25
8.6%
0.5%
Q2 25
13.6%
Q1 25
9.3%
0.1%
Q4 24
8.8%
Q3 24
6.7%
24.5%
Q2 24
7.4%
0.2%
Q1 24
4.7%
0.2%
Q4 23
6.1%
Net Margin
AVAH
AVAH
VNET
VNET
Q3 25
2.3%
-10.7%
Q2 25
4.6%
Q1 25
0.9%
-0.8%
Q4 24
5.6%
Q3 24
-8.4%
-0.7%
Q2 24
2.8%
-0.4%
Q1 24
-2.3%
-8.4%
Q4 23
-5.4%
EPS (diluted)
AVAH
AVAH
VNET
VNET
Q3 25
$0.06
Q2 25
$0.13
Q1 25
$0.03
Q4 24
$0.15
Q3 24
$-0.22
Q2 24
$0.07
Q1 24
$-0.06
Q4 23
$-0.13

Balance Sheet & Financial Strength

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

Metric
AVAH
AVAH
VNET
VNET
Cash + ST InvestmentsLiquidity on hand
$145.9M
$492.1M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$9.2M
$890.8M
Total Assets
$1.8B
$6.1B
Debt / EquityLower = less leverage
141.83×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVAH
AVAH
VNET
VNET
Q3 25
$145.9M
$492.1M
Q2 25
$100.7M
Q1 25
$71.5M
$544.3M
Q4 24
$84.3M
Q3 24
$78.5M
$219.5M
Q2 24
$47.7M
$247.2M
Q1 24
$42.6M
$246.9M
Q4 23
$43.9M
Total Debt
AVAH
AVAH
VNET
VNET
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
$1.2B
Q2 24
$1.3B
Q1 24
$1.3B
Q4 23
$1.3B
Stockholders' Equity
AVAH
AVAH
VNET
VNET
Q3 25
$9.2M
$890.8M
Q2 25
$-12.0M
Q1 25
$-100.1M
$927.8M
Q4 24
$-123.6M
Q3 24
$-156.4M
$902.9M
Q2 24
$-119.0M
$900.6M
Q1 24
$-136.3M
$895.1M
Q4 23
$-129.6M
Total Assets
AVAH
AVAH
VNET
VNET
Q3 25
$1.8B
$6.1B
Q2 25
$1.8B
Q1 25
$1.7B
$5.4B
Q4 24
$1.7B
Q3 24
$1.6B
$4.3B
Q2 24
$1.7B
$4.0B
Q1 24
$1.6B
$3.9B
Q4 23
$1.6B
Debt / Equity
AVAH
AVAH
VNET
VNET
Q3 25
141.83×
Q2 25
Q1 25
Q4 24
Q3 24
1.28×
Q2 24
Q1 24
Q4 23

Cash Flow & Capital Efficiency

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

Metric
AVAH
AVAH
VNET
VNET
Operating Cash FlowLast quarter
$33.2M
$113.8M
Free Cash FlowOCF − Capex
$-193.1M
FCF MarginFCF / Revenue
-53.2%
Capex IntensityCapex / Revenue
84.6%
Cash ConversionOCF / Net Profit
2.36×
TTM Free Cash FlowTrailing 4 quarters
$-589.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVAH
AVAH
VNET
VNET
Q3 25
$33.2M
$113.8M
Q2 25
$51.6M
Q1 25
$-8.6M
$27.0M
Q4 24
$13.4M
Q3 24
$29.4M
$108.3M
Q2 24
$1.8M
$55.8M
Q1 24
$-12.0M
$37.1M
Q4 23
$-3.0M
Free Cash Flow
AVAH
AVAH
VNET
VNET
Q3 25
$-193.1M
Q2 25
Q1 25
$-220.0M
Q4 24
Q3 24
$-95.0M
Q2 24
$-81.6M
Q1 24
$-102.2M
Q4 23
FCF Margin
AVAH
AVAH
VNET
VNET
Q3 25
-53.2%
Q2 25
Q1 25
-71.1%
Q4 24
Q3 24
-31.4%
Q2 24
-29.8%
Q1 24
-38.9%
Q4 23
Capex Intensity
AVAH
AVAH
VNET
VNET
Q3 25
84.6%
Q2 25
Q1 25
79.8%
Q4 24
Q3 24
67.3%
Q2 24
50.1%
Q1 24
53.0%
Q4 23
Cash Conversion
AVAH
AVAH
VNET
VNET
Q3 25
2.36×
Q2 25
1.91×
Q1 25
-1.66×
Q4 24
0.46×
Q3 24
Q2 24
0.13×
Q1 24
Q4 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVAH
AVAH

Private Duty Services$514.4M83%
Home Health And Hospice$62.4M10%
Medical Solutions$45.1M7%

VNET
VNET

Segment breakdown not available.

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