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Side-by-side financial comparison of InterDigital, Inc. (IDCC) 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 $205.4M, roughly 1.8× InterDigital, Inc.). InterDigital, Inc. runs the higher net margin — 36.7% vs -10.7%, a 47.3% gap on every dollar of revenue. Over the past eight quarters, VNET Group, Inc.'s revenue compounded faster (17.4% CAGR vs -4.1%).

InterDigital, Inc. is an American technology research and development company that provides wireless and video technologies for mobile devices, networks, and services worldwide. Founded in 1972, InterDigital is listed on the Nasdaq and is included in the S&P 600 index.

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.

IDCC vs VNET — Head-to-Head

Bigger by revenue
VNET
VNET
1.8× larger
VNET
$362.7M
$205.4M
IDCC
Higher net margin
IDCC
IDCC
47.3% more per $
IDCC
36.7%
-10.7%
VNET
Faster 2-yr revenue CAGR
VNET
VNET
Annualised
VNET
17.4%
-4.1%
IDCC

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
IDCC
IDCC
VNET
VNET
Revenue
$205.4M
$362.7M
Net Profit
$75.3M
$-38.7M
Gross Margin
20.9%
Operating Margin
40.0%
0.5%
Net Margin
36.7%
-10.7%
Revenue YoY
-2.4%
Net Profit YoY
-34.8%
EPS (diluted)
$2.14

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
IDCC
IDCC
VNET
VNET
Q1 26
$205.4M
Q4 25
$158.2M
Q3 25
$164.7M
$362.7M
Q2 25
$300.6M
Q1 25
$210.5M
$309.5M
Q4 24
$252.8M
Q3 24
$128.7M
$302.2M
Q2 24
$223.5M
$274.4M
Net Profit
IDCC
IDCC
VNET
VNET
Q1 26
$75.3M
Q4 25
$43.0M
Q3 25
$67.5M
$-38.7M
Q2 25
$180.6M
Q1 25
$115.6M
$-2.4M
Q4 24
$133.1M
Q3 24
$34.2M
$-2.1M
Q2 24
$109.7M
$-1.1M
Gross Margin
IDCC
IDCC
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
IDCC
IDCC
VNET
VNET
Q1 26
40.0%
Q4 25
30.2%
Q3 25
46.0%
0.5%
Q2 25
68.3%
Q1 25
62.6%
0.1%
Q4 24
64.3%
Q3 24
30.6%
24.5%
Q2 24
59.9%
0.2%
Net Margin
IDCC
IDCC
VNET
VNET
Q1 26
36.7%
Q4 25
27.2%
Q3 25
41.0%
-10.7%
Q2 25
60.1%
Q1 25
54.9%
-0.8%
Q4 24
52.7%
Q3 24
26.6%
-0.7%
Q2 24
49.1%
-0.4%
EPS (diluted)
IDCC
IDCC
VNET
VNET
Q1 26
$2.14
Q4 25
$1.07
Q3 25
$1.93
Q2 25
$5.35
Q1 25
$3.45
Q4 24
$4.12
Q3 24
$1.14
Q2 24
$3.93

Balance Sheet & Financial Strength

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

Metric
IDCC
IDCC
VNET
VNET
Cash + ST InvestmentsLiquidity on hand
$492.1M
Total DebtLower is stronger
$377.8M
Stockholders' EquityBook value
$1.1B
$890.8M
Total Assets
$2.1B
$6.1B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDCC
IDCC
VNET
VNET
Q1 26
Q4 25
$1.2B
Q3 25
$1.3B
$492.1M
Q2 25
$937.0M
Q1 25
$883.3M
$544.3M
Q4 24
$958.2M
Q3 24
$813.2M
$219.5M
Q2 24
$760.3M
$247.2M
Total Debt
IDCC
IDCC
VNET
VNET
Q1 26
$377.8M
Q4 25
$16.3M
Q3 25
$17.1M
Q2 25
$16.6M
Q1 25
$16.0M
Q4 24
$15.4M
Q3 24
$18.3M
$1.2B
Q2 24
$17.7M
Stockholders' Equity
IDCC
IDCC
VNET
VNET
Q1 26
$1.1B
Q4 25
$1.1B
Q3 25
$1.1B
$890.8M
Q2 25
$1.1B
Q1 25
$936.9M
$927.8M
Q4 24
$857.2M
Q3 24
$722.5M
$902.9M
Q2 24
$696.8M
$900.6M
Total Assets
IDCC
IDCC
VNET
VNET
Q1 26
$2.1B
Q4 25
$2.1B
Q3 25
$2.1B
$6.1B
Q2 25
$2.0B
Q1 25
$1.9B
$5.4B
Q4 24
$1.8B
Q3 24
$1.7B
$4.3B
Q2 24
$1.6B
$4.0B
Debt / Equity
IDCC
IDCC
VNET
VNET
Q1 26
0.34×
Q4 25
0.01×
Q3 25
0.02×
Q2 25
0.02×
Q1 25
0.02×
Q4 24
0.02×
Q3 24
0.03×
1.28×
Q2 24
0.03×

Cash Flow & Capital Efficiency

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

Metric
IDCC
IDCC
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
IDCC
IDCC
VNET
VNET
Q1 26
Q4 25
$544.5M
Q3 25
$395.9M
$113.8M
Q2 25
$105.1M
Q1 25
$-20.0M
$27.0M
Q4 24
$271.5M
Q3 24
$77.6M
$108.3M
Q2 24
$-48.9M
$55.8M
Free Cash Flow
IDCC
IDCC
VNET
VNET
Q1 26
Q4 25
$528.6M
Q3 25
$395.3M
$-193.1M
Q2 25
$104.5M
Q1 25
$-34.5M
$-220.0M
Q4 24
$265.7M
Q3 24
$76.7M
$-95.0M
Q2 24
$-49.5M
$-81.6M
FCF Margin
IDCC
IDCC
VNET
VNET
Q1 26
Q4 25
334.0%
Q3 25
240.1%
-53.2%
Q2 25
34.8%
Q1 25
-16.4%
-71.1%
Q4 24
105.1%
Q3 24
59.6%
-31.4%
Q2 24
-22.1%
-29.8%
Capex Intensity
IDCC
IDCC
VNET
VNET
Q1 26
Q4 25
10.0%
Q3 25
0.4%
84.6%
Q2 25
0.2%
Q1 25
6.9%
79.8%
Q4 24
2.3%
Q3 24
0.7%
67.3%
Q2 24
0.3%
50.1%
Cash Conversion
IDCC
IDCC
VNET
VNET
Q1 26
Q4 25
12.67×
Q3 25
5.87×
Q2 25
0.58×
Q1 25
-0.17×
Q4 24
2.04×
Q3 24
2.27×
Q2 24
-0.45×

Financial Flow Comparison

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

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