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Side-by-side financial comparison of GLACIER BANCORP, INC. (GBCI) 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 $306.8M, roughly 1.2× GLACIER BANCORP, INC.). GLACIER BANCORP, INC. runs the higher net margin — 26.8% vs -10.7%, a 37.4% gap on every dollar of revenue. Over the past eight quarters, GLACIER BANCORP, INC.'s revenue compounded faster (24.3% CAGR vs 17.4%).

Glacier Bancorp, Inc. is a regional multi-bank holding company headquartered in Kalispell, Montana, United States. It is a successor corporation to the Delaware corporation originally incorporated in 1990. The company provides personal and commercial banking services from 221 locations in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and, Nevada.

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.

GBCI vs VNET — Head-to-Head

Bigger by revenue
VNET
VNET
1.2× larger
VNET
$362.7M
$306.8M
GBCI
Higher net margin
GBCI
GBCI
37.4% more per $
GBCI
26.8%
-10.7%
VNET
Faster 2-yr revenue CAGR
GBCI
GBCI
Annualised
GBCI
24.3%
17.4%
VNET

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
GBCI
GBCI
VNET
VNET
Revenue
$306.8M
$362.7M
Net Profit
$82.1M
$-38.7M
Gross Margin
20.9%
Operating Margin
0.5%
Net Margin
26.8%
-10.7%
Revenue YoY
Net Profit YoY
28.8%
EPS (diluted)
$0.63

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
GBCI
GBCI
VNET
VNET
Q1 26
$306.8M
Q4 25
$306.5M
Q3 25
$260.7M
$362.7M
Q2 25
$240.6M
Q1 25
$222.6M
$309.5M
Q4 24
$223.0M
Q3 24
$214.9M
$302.2M
Q2 24
$198.7M
$274.4M
Net Profit
GBCI
GBCI
VNET
VNET
Q1 26
$82.1M
Q4 25
$63.8M
Q3 25
$67.9M
$-38.7M
Q2 25
$52.8M
Q1 25
$54.6M
$-2.4M
Q4 24
$61.8M
Q3 24
$51.1M
$-2.1M
Q2 24
$44.7M
$-1.1M
Gross Margin
GBCI
GBCI
VNET
VNET
Q1 26
Q4 25
Q3 25
20.9%
Q2 25
Q1 25
25.2%
Q4 24
Q3 24
23.2%
Q2 24
21.3%
Operating Margin
GBCI
GBCI
VNET
VNET
Q1 26
Q4 25
24.9%
Q3 25
32.7%
0.5%
Q2 25
27.1%
Q1 25
28.5%
0.1%
Q4 24
33.0%
Q3 24
28.9%
24.5%
Q2 24
27.3%
0.2%
Net Margin
GBCI
GBCI
VNET
VNET
Q1 26
26.8%
Q4 25
20.8%
Q3 25
26.0%
-10.7%
Q2 25
21.9%
Q1 25
24.5%
-0.8%
Q4 24
27.7%
Q3 24
23.8%
-0.7%
Q2 24
22.5%
-0.4%
EPS (diluted)
GBCI
GBCI
VNET
VNET
Q1 26
$0.63
Q4 25
$0.49
Q3 25
$0.57
Q2 25
$0.45
Q1 25
$0.48
Q4 24
$0.55
Q3 24
$0.45
Q2 24
$0.39

Balance Sheet & Financial Strength

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

Metric
GBCI
GBCI
VNET
VNET
Cash + ST InvestmentsLiquidity on hand
$1.4B
$492.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.2B
$890.8M
Total Assets
$31.7B
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GBCI
GBCI
VNET
VNET
Q1 26
$1.4B
Q4 25
Q3 25
$492.1M
Q2 25
Q1 25
$544.3M
Q4 24
Q3 24
$219.5M
Q2 24
$247.2M
Total Debt
GBCI
GBCI
VNET
VNET
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$1.2B
Q2 24
Stockholders' Equity
GBCI
GBCI
VNET
VNET
Q1 26
$4.2B
Q4 25
$4.2B
Q3 25
$3.6B
$890.8M
Q2 25
$3.5B
Q1 25
$3.3B
$927.8M
Q4 24
$3.2B
Q3 24
$3.2B
$902.9M
Q2 24
$3.1B
$900.6M
Total Assets
GBCI
GBCI
VNET
VNET
Q1 26
$31.7B
Q4 25
$32.0B
Q3 25
$29.0B
$6.1B
Q2 25
$29.0B
Q1 25
$27.9B
$5.4B
Q4 24
$27.9B
Q3 24
$28.2B
$4.3B
Q2 24
$27.8B
$4.0B
Debt / Equity
GBCI
GBCI
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
GBCI
GBCI
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
GBCI
GBCI
VNET
VNET
Q1 26
Q4 25
$374.4M
Q3 25
$112.4M
$113.8M
Q2 25
$86.0M
Q1 25
$52.4M
$27.0M
Q4 24
$258.0M
Q3 24
$150.1M
$108.3M
Q2 24
$62.7M
$55.8M
Free Cash Flow
GBCI
GBCI
VNET
VNET
Q1 26
Q4 25
$347.6M
Q3 25
$104.8M
$-193.1M
Q2 25
$79.5M
Q1 25
$46.8M
$-220.0M
Q4 24
$209.8M
Q3 24
$137.7M
$-95.0M
Q2 24
$44.1M
$-81.6M
FCF Margin
GBCI
GBCI
VNET
VNET
Q1 26
Q4 25
113.4%
Q3 25
40.2%
-53.2%
Q2 25
33.1%
Q1 25
21.0%
-71.1%
Q4 24
94.1%
Q3 24
64.1%
-31.4%
Q2 24
22.2%
-29.8%
Capex Intensity
GBCI
GBCI
VNET
VNET
Q1 26
Q4 25
8.8%
Q3 25
2.9%
84.6%
Q2 25
2.7%
Q1 25
2.5%
79.8%
Q4 24
21.6%
Q3 24
5.8%
67.3%
Q2 24
9.3%
50.1%
Cash Conversion
GBCI
GBCI
VNET
VNET
Q1 26
Q4 25
5.87×
Q3 25
1.66×
Q2 25
1.63×
Q1 25
0.96×
Q4 24
4.18×
Q3 24
2.94×
Q2 24
1.40×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GBCI
GBCI

Net Interest Income$268.7M88%
Noninterest Income$38.1M12%

VNET
VNET

Segment breakdown not available.

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