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Side-by-side financial comparison of Priority Technology Holdings, Inc. (PRTH) 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 $247.1M, roughly 1.5× Priority Technology Holdings, Inc.). Priority Technology Holdings, Inc. runs the higher net margin — 3.6% vs -10.7%, a 14.3% gap on every dollar of revenue. Priority Technology Holdings, Inc. produced more free cash flow last quarter ($30.9M vs $-193.1M). Over the past eight quarters, VNET Group, Inc.'s revenue compounded faster (17.4% CAGR vs 9.6%).

Information technology (IT) is the study or use of computers, telecommunication systems and other devices to create, process, store, retrieve and transmit information. While the term is commonly used to refer to computers and computer networks, it also encompasses other information distribution technologies such as television and telephones. Information technology is an application of computer science and computer engineering.

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.

PRTH vs VNET — Head-to-Head

Bigger by revenue
VNET
VNET
1.5× larger
VNET
$362.7M
$247.1M
PRTH
Higher net margin
PRTH
PRTH
14.3% more per $
PRTH
3.6%
-10.7%
VNET
More free cash flow
PRTH
PRTH
$224.0M more FCF
PRTH
$30.9M
$-193.1M
VNET
Faster 2-yr revenue CAGR
VNET
VNET
Annualised
VNET
17.4%
9.6%
PRTH

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
PRTH
PRTH
VNET
VNET
Revenue
$247.1M
$362.7M
Net Profit
$8.9M
$-38.7M
Gross Margin
20.9%
Operating Margin
13.6%
0.5%
Net Margin
3.6%
-10.7%
Revenue YoY
8.8%
Net Profit YoY
23.9%
EPS (diluted)
$0.10

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
PRTH
PRTH
VNET
VNET
Q4 25
$247.1M
Q3 25
$241.4M
$362.7M
Q2 25
$239.8M
Q1 25
$224.6M
$309.5M
Q4 24
$227.1M
Q3 24
$227.0M
$302.2M
Q2 24
$219.9M
$274.4M
Q1 24
$205.7M
$262.9M
Net Profit
PRTH
PRTH
VNET
VNET
Q4 25
$8.9M
Q3 25
$27.6M
$-38.7M
Q2 25
$10.9M
Q1 25
$8.3M
$-2.4M
Q4 24
$7.2M
Q3 24
$10.6M
$-2.1M
Q2 24
$994.0K
$-1.1M
Q1 24
$5.2M
$-22.0M
Gross Margin
PRTH
PRTH
VNET
VNET
Q4 25
Q3 25
20.9%
Q2 25
Q1 25
25.2%
Q4 24
Q3 24
23.2%
Q2 24
21.3%
Q1 24
21.6%
Operating Margin
PRTH
PRTH
VNET
VNET
Q4 25
13.6%
Q3 25
15.6%
0.5%
Q2 25
15.6%
Q1 25
14.5%
0.1%
Q4 24
15.0%
Q3 24
16.8%
24.5%
Q2 24
15.1%
0.2%
Q1 24
13.6%
0.2%
Net Margin
PRTH
PRTH
VNET
VNET
Q4 25
3.6%
Q3 25
11.4%
-10.7%
Q2 25
4.5%
Q1 25
3.7%
-0.8%
Q4 24
3.2%
Q3 24
4.7%
-0.7%
Q2 24
0.5%
-0.4%
Q1 24
2.5%
-8.4%
EPS (diluted)
PRTH
PRTH
VNET
VNET
Q4 25
$0.10
Q3 25
$0.34
Q2 25
$0.14
Q1 25
$0.10
Q4 24
$-0.05
Q3 24
$0.07
Q2 24
$-0.23
Q1 24
$-0.10

Balance Sheet & Financial Strength

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

Metric
PRTH
PRTH
VNET
VNET
Cash + ST InvestmentsLiquidity on hand
$77.2M
$492.1M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$-100.4M
$890.8M
Total Assets
$2.4B
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRTH
PRTH
VNET
VNET
Q4 25
$77.2M
Q3 25
$57.0M
$492.1M
Q2 25
$50.6M
Q1 25
$47.6M
$544.3M
Q4 24
$58.6M
Q3 24
$41.1M
$219.5M
Q2 24
$34.6M
$247.2M
Q1 24
$34.3M
$246.9M
Total Debt
PRTH
PRTH
VNET
VNET
Q4 25
$1.0B
Q3 25
$997.5M
Q2 25
$917.0M
Q1 25
$918.9M
Q4 24
$920.9M
Q3 24
$808.1M
$1.2B
Q2 24
$809.0M
Q1 24
$631.4M
Stockholders' Equity
PRTH
PRTH
VNET
VNET
Q4 25
$-100.4M
Q3 25
$-110.3M
$890.8M
Q2 25
$-146.1M
Q1 25
$-158.3M
$927.8M
Q4 24
$-166.8M
Q3 24
$-165.8M
$902.9M
Q2 24
$-172.1M
$900.6M
Q1 24
$-159.9M
$895.1M
Total Assets
PRTH
PRTH
VNET
VNET
Q4 25
$2.4B
Q3 25
$2.2B
$6.1B
Q2 25
$2.0B
Q1 25
$1.9B
$5.4B
Q4 24
$1.8B
Q3 24
$1.8B
$4.3B
Q2 24
$1.7B
$4.0B
Q1 24
$1.6B
$3.9B
Debt / Equity
PRTH
PRTH
VNET
VNET
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
1.28×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
PRTH
PRTH
VNET
VNET
Operating Cash FlowLast quarter
$36.8M
$113.8M
Free Cash FlowOCF − Capex
$30.9M
$-193.1M
FCF MarginFCF / Revenue
12.5%
-53.2%
Capex IntensityCapex / Revenue
2.4%
84.6%
Cash ConversionOCF / Net Profit
4.12×
TTM Free Cash FlowTrailing 4 quarters
$75.1M
$-589.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRTH
PRTH
VNET
VNET
Q4 25
$36.8M
Q3 25
$36.1M
$113.8M
Q2 25
$17.1M
Q1 25
$10.0M
$27.0M
Q4 24
$23.8M
Q3 24
$19.8M
$108.3M
Q2 24
$28.7M
$55.8M
Q1 24
$13.3M
$37.1M
Free Cash Flow
PRTH
PRTH
VNET
VNET
Q4 25
$30.9M
Q3 25
$30.1M
$-193.1M
Q2 25
$9.2M
Q1 25
$4.9M
$-220.0M
Q4 24
$19.1M
Q3 24
$14.5M
$-95.0M
Q2 24
$23.6M
$-81.6M
Q1 24
$6.7M
$-102.2M
FCF Margin
PRTH
PRTH
VNET
VNET
Q4 25
12.5%
Q3 25
12.5%
-53.2%
Q2 25
3.8%
Q1 25
2.2%
-71.1%
Q4 24
8.4%
Q3 24
6.4%
-31.4%
Q2 24
10.7%
-29.8%
Q1 24
3.3%
-38.9%
Capex Intensity
PRTH
PRTH
VNET
VNET
Q4 25
2.4%
Q3 25
2.5%
84.6%
Q2 25
3.3%
Q1 25
2.3%
79.8%
Q4 24
2.0%
Q3 24
2.3%
67.3%
Q2 24
2.3%
50.1%
Q1 24
3.2%
53.0%
Cash Conversion
PRTH
PRTH
VNET
VNET
Q4 25
4.12×
Q3 25
1.31×
Q2 25
1.57×
Q1 25
1.20×
Q4 24
3.29×
Q3 24
1.87×
Q2 24
28.87×
Q1 24
2.56×

Financial Flow Comparison

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

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