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Side-by-side financial comparison of Climb Global Solutions, Inc. (CLMB) 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 $182.4M, roughly 2.0× Climb Global Solutions, Inc.). Climb Global Solutions, Inc. runs the higher net margin — 1.8% vs -10.7%, a 12.5% gap on every dollar of revenue. Over the past eight quarters, Climb Global Solutions, Inc.'s revenue compounded faster (40.7% CAGR vs 17.4%).

Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.

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.

CLMB vs VNET — Head-to-Head

Bigger by revenue
VNET
VNET
2.0× larger
VNET
$362.7M
$182.4M
CLMB
Higher net margin
CLMB
CLMB
12.5% more per $
CLMB
1.8%
-10.7%
VNET
Faster 2-yr revenue CAGR
CLMB
CLMB
Annualised
CLMB
40.7%
17.4%
VNET

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
CLMB
CLMB
VNET
VNET
Revenue
$182.4M
$362.7M
Net Profit
$3.3M
$-38.7M
Gross Margin
14.5%
20.9%
Operating Margin
2.1%
0.5%
Net Margin
1.8%
-10.7%
Revenue YoY
32.1%
Net Profit YoY
-9.5%
EPS (diluted)
$0.18

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
CLMB
CLMB
VNET
VNET
Q1 26
$182.4M
Q4 25
$193.8M
Q3 25
$161.3M
$362.7M
Q2 25
$159.3M
Q1 25
$138.0M
$309.5M
Q4 24
$161.8M
Q3 24
$119.3M
$302.2M
Q2 24
$92.1M
$274.4M
Net Profit
CLMB
CLMB
VNET
VNET
Q1 26
$3.3M
Q4 25
$7.0M
Q3 25
$4.7M
$-38.7M
Q2 25
$6.0M
Q1 25
$3.7M
$-2.4M
Q4 24
$7.0M
Q3 24
$5.5M
$-2.1M
Q2 24
$3.4M
$-1.1M
Gross Margin
CLMB
CLMB
VNET
VNET
Q1 26
14.5%
Q4 25
15.4%
Q3 25
15.9%
20.9%
Q2 25
16.5%
Q1 25
16.9%
25.2%
Q4 24
19.3%
Q3 24
20.3%
23.2%
Q2 24
20.2%
21.3%
Operating Margin
CLMB
CLMB
VNET
VNET
Q1 26
2.1%
Q4 25
4.9%
Q3 25
4.3%
0.5%
Q2 25
5.0%
Q1 25
3.5%
0.1%
Q4 24
7.2%
Q3 24
7.1%
24.5%
Q2 24
4.6%
0.2%
Net Margin
CLMB
CLMB
VNET
VNET
Q1 26
1.8%
Q4 25
3.6%
Q3 25
2.9%
-10.7%
Q2 25
3.7%
Q1 25
2.7%
-0.8%
Q4 24
4.3%
Q3 24
4.6%
-0.7%
Q2 24
3.7%
-0.4%
EPS (diluted)
CLMB
CLMB
VNET
VNET
Q1 26
$0.18
Q4 25
$1.51
Q3 25
$1.02
Q2 25
$1.30
Q1 25
$0.81
Q4 24
$1.52
Q3 24
$1.19
Q2 24
$0.75

Balance Sheet & Financial Strength

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

Metric
CLMB
CLMB
VNET
VNET
Cash + ST InvestmentsLiquidity on hand
$41.8M
$492.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$118.4M
$890.8M
Total Assets
$458.8M
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLMB
CLMB
VNET
VNET
Q1 26
$41.8M
Q4 25
$36.6M
Q3 25
$49.8M
$492.1M
Q2 25
$28.6M
Q1 25
$32.5M
$544.3M
Q4 24
$29.8M
Q3 24
$22.1M
$219.5M
Q2 24
$48.4M
$247.2M
Total Debt
CLMB
CLMB
VNET
VNET
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$1.2B
Q2 24
Stockholders' Equity
CLMB
CLMB
VNET
VNET
Q1 26
$118.4M
Q4 25
$116.6M
Q3 25
$109.3M
$890.8M
Q2 25
$105.2M
Q1 25
$95.6M
$927.8M
Q4 24
$90.6M
Q3 24
$87.7M
$902.9M
Q2 24
$79.8M
$900.6M
Total Assets
CLMB
CLMB
VNET
VNET
Q1 26
$458.8M
Q4 25
$460.2M
Q3 25
$376.1M
$6.1B
Q2 25
$420.7M
Q1 25
$370.1M
$5.4B
Q4 24
$469.2M
Q3 24
$371.9M
$4.3B
Q2 24
$302.8M
$4.0B
Debt / Equity
CLMB
CLMB
VNET
VNET
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
1.28×
Q2 24

Cash Flow & Capital Efficiency

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

Metric
CLMB
CLMB
VNET
VNET
Operating Cash FlowLast quarter
$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
CLMB
CLMB
VNET
VNET
Q1 26
Q4 25
$-11.9M
Q3 25
$22.2M
$113.8M
Q2 25
$-2.2M
Q1 25
$8.5M
$27.0M
Q4 24
$16.0M
Q3 24
$-3.6M
$108.3M
Q2 24
$7.3M
$55.8M
Free Cash Flow
CLMB
CLMB
VNET
VNET
Q1 26
Q4 25
Q3 25
$-193.1M
Q2 25
Q1 25
$-220.0M
Q4 24
Q3 24
$-95.0M
Q2 24
$-81.6M
FCF Margin
CLMB
CLMB
VNET
VNET
Q1 26
Q4 25
Q3 25
-53.2%
Q2 25
Q1 25
-71.1%
Q4 24
Q3 24
-31.4%
Q2 24
-29.8%
Capex Intensity
CLMB
CLMB
VNET
VNET
Q1 26
Q4 25
Q3 25
84.6%
Q2 25
Q1 25
79.8%
Q4 24
Q3 24
67.3%
Q2 24
50.1%
Cash Conversion
CLMB
CLMB
VNET
VNET
Q1 26
Q4 25
-1.70×
Q3 25
4.73×
Q2 25
-0.37×
Q1 25
2.30×
Q4 24
2.29×
Q3 24
-0.66×
Q2 24
2.13×

Financial Flow Comparison

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

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