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Side-by-side financial comparison of Slide Insurance Holdings, Inc. (SLDE) and VNET Group, Inc. (VNET). Click either name above to swap in a different company.

Slide Insurance Holdings, Inc. is the larger business by last-quarter revenue ($389.3M vs $362.7M, roughly 1.1× VNET Group, Inc.). Slide Insurance Holdings, Inc. runs the higher net margin — 35.8% vs -10.7%, a 46.5% gap on every dollar of revenue.

United Property & Casualty Insurance Company, Inc. is an American property and casualty insurance company with headquarters in Florida. It writes commercial, residential, homeowners’, and flood insurance policies in several coastal states.

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.

SLDE vs VNET — Head-to-Head

Bigger by revenue
SLDE
SLDE
1.1× larger
SLDE
$389.3M
$362.7M
VNET
Higher net margin
SLDE
SLDE
46.5% more per $
SLDE
35.8%
-10.7%
VNET

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
SLDE
SLDE
VNET
VNET
Revenue
$389.3M
$362.7M
Net Profit
$139.5M
$-38.7M
Gross Margin
20.9%
Operating Margin
0.5%
Net Margin
35.8%
-10.7%
Revenue YoY
38.2%
Net Profit YoY
50.8%
EPS (diluted)
$1.02

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
SLDE
SLDE
VNET
VNET
Q1 26
$389.3M
Q4 25
$347.0M
Q3 25
$265.7M
$362.7M
Q2 25
$261.6M
Q1 25
$309.5M
Q3 24
$302.2M
Q2 24
$274.4M
Q1 24
$262.9M
Net Profit
SLDE
SLDE
VNET
VNET
Q1 26
$139.5M
Q4 25
$170.4M
Q3 25
$111.0M
$-38.7M
Q2 25
$70.1M
Q1 25
$-2.4M
Q3 24
$-2.1M
Q2 24
$-1.1M
Q1 24
$-22.0M
Gross Margin
SLDE
SLDE
VNET
VNET
Q1 26
Q4 25
Q3 25
20.9%
Q2 25
Q1 25
25.2%
Q3 24
23.2%
Q2 24
21.3%
Q1 24
21.6%
Operating Margin
SLDE
SLDE
VNET
VNET
Q1 26
Q4 25
Q3 25
55.3%
0.5%
Q2 25
36.8%
Q1 25
0.1%
Q3 24
24.5%
Q2 24
0.2%
Q1 24
0.2%
Net Margin
SLDE
SLDE
VNET
VNET
Q1 26
35.8%
Q4 25
49.1%
Q3 25
41.8%
-10.7%
Q2 25
26.8%
Q1 25
-0.8%
Q3 24
-0.7%
Q2 24
-0.4%
Q1 24
-8.4%
EPS (diluted)
SLDE
SLDE
VNET
VNET
Q1 26
$1.02
Q4 25
$1.23
Q3 25
$0.79
Q2 25
$0.56
Q1 25
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
SLDE
SLDE
VNET
VNET
Cash + ST InvestmentsLiquidity on hand
$1.2B
$492.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$890.8M
Total Assets
$2.9B
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLDE
SLDE
VNET
VNET
Q1 26
$1.2B
Q4 25
$1.2B
Q3 25
$861.6M
$492.1M
Q2 25
$936.2M
Q1 25
$544.3M
Q3 24
$219.5M
Q2 24
$247.2M
Q1 24
$246.9M
Total Debt
SLDE
SLDE
VNET
VNET
Q1 26
Q4 25
Q3 25
$35.0M
Q2 25
$36.3M
Q1 25
Q3 24
$1.2B
Q2 24
Q1 24
Stockholders' Equity
SLDE
SLDE
VNET
VNET
Q1 26
$1.1B
Q4 25
$1.1B
Q3 25
$964.2M
$890.8M
Q2 25
$868.1M
Q1 25
$927.8M
Q3 24
$902.9M
Q2 24
$900.6M
Q1 24
$895.1M
Total Assets
SLDE
SLDE
VNET
VNET
Q1 26
$2.9B
Q4 25
$2.9B
Q3 25
$2.7B
$6.1B
Q2 25
$2.8B
Q1 25
$5.4B
Q3 24
$4.3B
Q2 24
$4.0B
Q1 24
$3.9B
Debt / Equity
SLDE
SLDE
VNET
VNET
Q1 26
Q4 25
Q3 25
0.04×
Q2 25
0.04×
Q1 25
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
SLDE
SLDE
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
SLDE
SLDE
VNET
VNET
Q1 26
Q4 25
Q3 25
$25.3M
$113.8M
Q2 25
$350.4M
Q1 25
$27.0M
Q3 24
$108.3M
Q2 24
$55.8M
Q1 24
$37.1M
Free Cash Flow
SLDE
SLDE
VNET
VNET
Q1 26
Q4 25
Q3 25
$24.5M
$-193.1M
Q2 25
$348.9M
Q1 25
$-220.0M
Q3 24
$-95.0M
Q2 24
$-81.6M
Q1 24
$-102.2M
FCF Margin
SLDE
SLDE
VNET
VNET
Q1 26
Q4 25
Q3 25
9.2%
-53.2%
Q2 25
133.4%
Q1 25
-71.1%
Q3 24
-31.4%
Q2 24
-29.8%
Q1 24
-38.9%
Capex Intensity
SLDE
SLDE
VNET
VNET
Q1 26
Q4 25
Q3 25
0.3%
84.6%
Q2 25
0.6%
Q1 25
79.8%
Q3 24
67.3%
Q2 24
50.1%
Q1 24
53.0%
Cash Conversion
SLDE
SLDE
VNET
VNET
Q1 26
Q4 25
Q3 25
0.23×
Q2 25
5.00×
Q1 25
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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