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Side-by-side financial comparison of STAG Industrial, Inc. (STAG) 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 $224.2M, roughly 1.6× STAG Industrial, Inc.). STAG Industrial, Inc. runs the higher net margin — 27.6% vs -10.7%, a 38.3% gap on every dollar of revenue. Over the past eight quarters, VNET Group, Inc.'s revenue compounded faster (17.4% CAGR vs 8.7%).

Stag Arms is a firearms manufacturer founded in May 2003 and located in Cheyenne, Wyoming. Stag Arms is a manufacturer of the AR-15 type rifle, marketed as Stag-15 rifles. Stag advertises that all their weapons and accessories are made in the United States. They are best known for their left-handed AR-15 rifles, which use a mirror imaged upper receiver and have the ejection port reversed for left-handed shooters and the safety selector control on the right side of the lower receiver.

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.

STAG vs VNET — Head-to-Head

Bigger by revenue
VNET
VNET
1.6× larger
VNET
$362.7M
$224.2M
STAG
Higher net margin
STAG
STAG
38.3% more per $
STAG
27.6%
-10.7%
VNET
Faster 2-yr revenue CAGR
VNET
VNET
Annualised
VNET
17.4%
8.7%
STAG

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
STAG
STAG
VNET
VNET
Revenue
$224.2M
$362.7M
Net Profit
$62.0M
$-38.7M
Gross Margin
20.9%
Operating Margin
0.5%
Net Margin
27.6%
-10.7%
Revenue YoY
9.1%
Net Profit YoY
EPS (diluted)
$0.32

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
STAG
STAG
VNET
VNET
Q1 26
$224.2M
Q4 25
$220.9M
Q3 25
$211.1M
$362.7M
Q2 25
$207.6M
Q1 25
$205.6M
$309.5M
Q4 24
$199.3M
Q3 24
$190.7M
$302.2M
Q2 24
$189.8M
$274.4M
Net Profit
STAG
STAG
VNET
VNET
Q1 26
$62.0M
Q4 25
$83.5M
Q3 25
$48.6M
$-38.7M
Q2 25
$50.0M
Q1 25
$91.4M
$-2.4M
Q4 24
$51.0M
Q3 24
$41.9M
$-2.1M
Q2 24
$59.8M
$-1.1M
Gross Margin
STAG
STAG
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
STAG
STAG
VNET
VNET
Q1 26
Q4 25
Q3 25
0.5%
Q2 25
Q1 25
0.1%
Q4 24
Q3 24
24.5%
Q2 24
0.2%
Net Margin
STAG
STAG
VNET
VNET
Q1 26
27.6%
Q4 25
37.8%
Q3 25
23.0%
-10.7%
Q2 25
24.1%
Q1 25
44.5%
-0.8%
Q4 24
25.6%
Q3 24
21.9%
-0.7%
Q2 24
31.5%
-0.4%
EPS (diluted)
STAG
STAG
VNET
VNET
Q1 26
$0.32
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Balance Sheet & Financial Strength

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

Metric
STAG
STAG
VNET
VNET
Cash + ST InvestmentsLiquidity on hand
$8.9M
$492.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.6B
$890.8M
Total Assets
$7.2B
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STAG
STAG
VNET
VNET
Q1 26
$8.9M
Q4 25
$14.9M
Q3 25
$17.3M
$492.1M
Q2 25
$15.4M
Q1 25
$9.3M
$544.3M
Q4 24
$36.3M
Q3 24
$70.0M
$219.5M
Q2 24
$33.3M
$247.2M
Total Debt
STAG
STAG
VNET
VNET
Q1 26
Q4 25
$3.3B
Q3 25
$3.1B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$2.9B
$1.2B
Q2 24
$2.8B
Stockholders' Equity
STAG
STAG
VNET
VNET
Q1 26
$3.6B
Q4 25
$3.6B
Q3 25
$3.4B
$890.8M
Q2 25
$3.4B
Q1 25
$3.5B
$927.8M
Q4 24
$3.5B
Q3 24
$3.3B
$902.9M
Q2 24
$3.3B
$900.6M
Total Assets
STAG
STAG
VNET
VNET
Q1 26
$7.2B
Q4 25
$7.2B
Q3 25
$6.9B
$6.1B
Q2 25
$6.8B
Q1 25
$6.8B
$5.4B
Q4 24
$6.8B
Q3 24
$6.6B
$4.3B
Q2 24
$6.4B
$4.0B
Debt / Equity
STAG
STAG
VNET
VNET
Q1 26
Q4 25
0.91×
Q3 25
0.91×
Q2 25
0.88×
Q1 25
0.87×
Q4 24
0.88×
Q3 24
0.89×
1.28×
Q2 24
0.84×

Cash Flow & Capital Efficiency

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

Metric
STAG
STAG
VNET
VNET
Operating Cash FlowLast quarter
$113.8M
Free Cash FlowOCF − Capex
$-193.1M
FCF MarginFCF / Revenue
-53.2%
Capex IntensityCapex / Revenue
3.9%
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
STAG
STAG
VNET
VNET
Q1 26
Q4 25
$104.5M
Q3 25
$143.5M
$113.8M
Q2 25
$111.9M
Q1 25
$103.5M
$27.0M
Q4 24
$104.9M
Q3 24
$128.0M
$108.3M
Q2 24
$122.2M
$55.8M
Free Cash Flow
STAG
STAG
VNET
VNET
Q1 26
Q4 25
$43.8M
Q3 25
$95.5M
$-193.1M
Q2 25
$62.3M
Q1 25
$57.2M
$-220.0M
Q4 24
$37.6M
Q3 24
$86.7M
$-95.0M
Q2 24
$105.0M
$-81.6M
FCF Margin
STAG
STAG
VNET
VNET
Q1 26
Q4 25
19.8%
Q3 25
45.2%
-53.2%
Q2 25
30.0%
Q1 25
27.8%
-71.1%
Q4 24
18.8%
Q3 24
45.5%
-31.4%
Q2 24
55.3%
-29.8%
Capex Intensity
STAG
STAG
VNET
VNET
Q1 26
3.9%
Q4 25
27.4%
Q3 25
22.7%
84.6%
Q2 25
23.9%
Q1 25
22.5%
79.8%
Q4 24
33.8%
Q3 24
21.6%
67.3%
Q2 24
9.1%
50.1%
Cash Conversion
STAG
STAG
VNET
VNET
Q1 26
Q4 25
1.25×
Q3 25
2.95×
Q2 25
2.24×
Q1 25
1.13×
Q4 24
2.06×
Q3 24
3.06×
Q2 24
2.04×

Financial Flow Comparison

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

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