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Side-by-side financial comparison of Danaos Corp (DAC) 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 $262.2M, roughly 1.4× Danaos Corp). Danaos Corp runs the higher net margin — 49.9% vs -10.7%, a 60.6% gap on every dollar of revenue.

Danaos Corporation is a leading global containership ownership and management firm. It operates a large fleet of modern container vessels, providing long-term charter services to top international container liner operators across major global trade routes, supporting the efficiency and reliability of global supply chains.

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.

DAC vs VNET — Head-to-Head

Bigger by revenue
VNET
VNET
1.4× larger
VNET
$362.7M
$262.2M
DAC
Higher net margin
DAC
DAC
60.6% more per $
DAC
49.9%
-10.7%
VNET

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
DAC
DAC
VNET
VNET
Revenue
$262.2M
$362.7M
Net Profit
$130.9M
$-38.7M
Gross Margin
20.9%
Operating Margin
47.9%
0.5%
Net Margin
49.9%
-10.7%
Revenue YoY
6.4%
Net Profit YoY
-7.3%
EPS (diluted)
$7.12

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
DAC
DAC
VNET
VNET
Q3 25
$362.7M
Q2 25
$262.2M
Q1 25
$309.5M
Q3 24
$302.2M
Q2 24
$246.3M
$274.4M
Q1 24
$262.9M
Q3 23
$258.6M
Q2 23
$241.5M
$251.2M
Net Profit
DAC
DAC
VNET
VNET
Q3 25
$-38.7M
Q2 25
$130.9M
Q1 25
$-2.4M
Q3 24
$-2.1M
Q2 24
$141.2M
$-1.1M
Q1 24
$-22.0M
Q3 23
$-5.5M
Q2 23
$147.0M
Gross Margin
DAC
DAC
VNET
VNET
Q3 25
20.9%
Q2 25
Q1 25
25.2%
Q3 24
23.2%
Q2 24
21.3%
Q1 24
21.6%
Q3 23
16.2%
Q2 23
18.8%
Operating Margin
DAC
DAC
VNET
VNET
Q3 25
0.5%
Q2 25
47.9%
Q1 25
0.1%
Q3 24
24.5%
Q2 24
56.8%
0.2%
Q1 24
0.2%
Q3 23
1.7%
Q2 23
61.1%
5.1%
Net Margin
DAC
DAC
VNET
VNET
Q3 25
-10.7%
Q2 25
49.9%
Q1 25
-0.8%
Q3 24
-0.7%
Q2 24
57.3%
-0.4%
Q1 24
-8.4%
Q3 23
-2.1%
Q2 23
60.9%
EPS (diluted)
DAC
DAC
VNET
VNET
Q3 25
Q2 25
$7.12
Q1 25
Q3 24
Q2 24
$7.23
Q1 24
Q3 23
Q2 23
$7.32

Balance Sheet & Financial Strength

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

Metric
DAC
DAC
VNET
VNET
Cash + ST InvestmentsLiquidity on hand
$654.1M
$492.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.6B
$890.8M
Total Assets
$4.5B
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAC
DAC
VNET
VNET
Q3 25
$492.1M
Q2 25
$654.1M
Q1 25
$544.3M
Q3 24
$219.5M
Q2 24
$471.7M
$247.2M
Q1 24
$246.9M
Q3 23
$370.4M
Q2 23
$367.9M
$325.9M
Total Debt
DAC
DAC
VNET
VNET
Q3 25
Q2 25
Q1 25
Q3 24
$1.2B
Q2 24
Q1 24
Q3 23
Q2 23
Stockholders' Equity
DAC
DAC
VNET
VNET
Q3 25
$890.8M
Q2 25
$3.6B
Q1 25
$927.8M
Q3 24
$902.9M
Q2 24
$3.3B
$900.6M
Q1 24
$895.1M
Q3 23
$942.7M
Q2 23
$2.8B
$952.6M
Total Assets
DAC
DAC
VNET
VNET
Q3 25
$6.1B
Q2 25
$4.5B
Q1 25
$5.4B
Q3 24
$4.3B
Q2 24
$4.0B
$4.0B
Q1 24
$3.9B
Q3 23
$4.1B
Q2 23
$3.5B
$4.0B
Debt / Equity
DAC
DAC
VNET
VNET
Q3 25
Q2 25
Q1 25
Q3 24
1.28×
Q2 24
Q1 24
Q3 23
Q2 23

Cash Flow & Capital Efficiency

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

Metric
DAC
DAC
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
DAC
DAC
VNET
VNET
Q3 25
$113.8M
Q2 25
Q1 25
$27.0M
Q3 24
$108.3M
Q2 24
$55.8M
Q1 24
$37.1M
Q3 23
$62.3M
Q2 23
$58.4M
Free Cash Flow
DAC
DAC
VNET
VNET
Q3 25
$-193.1M
Q2 25
Q1 25
$-220.0M
Q3 24
$-95.0M
Q2 24
$-81.6M
Q1 24
$-102.2M
Q3 23
$-67.5M
Q2 23
$4.0M
FCF Margin
DAC
DAC
VNET
VNET
Q3 25
-53.2%
Q2 25
Q1 25
-71.1%
Q3 24
-31.4%
Q2 24
-29.8%
Q1 24
-38.9%
Q3 23
-26.1%
Q2 23
1.6%
Capex Intensity
DAC
DAC
VNET
VNET
Q3 25
84.6%
Q2 25
Q1 25
79.8%
Q3 24
67.3%
Q2 24
50.1%
Q1 24
53.0%
Q3 23
50.2%
Q2 23
21.7%

Financial Flow Comparison

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

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