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Side-by-side financial comparison of SunCoke Energy, Inc. (SXC) and VNET Group, Inc. (VNET). Click either name above to swap in a different company.

SunCoke Energy, Inc. is the larger business by last-quarter revenue ($480.2M vs $362.7M, roughly 1.3× VNET Group, Inc.). VNET Group, Inc. runs the higher net margin — -10.7% vs -17.8%, a 7.2% gap on every dollar of revenue. SunCoke Energy, Inc. produced more free cash flow last quarter ($32.8M vs $-193.1M). Over the past eight quarters, VNET Group, Inc.'s revenue compounded faster (17.4% CAGR vs -0.8%).

Energy Brands, also doing business as Glacéau, is a privately owned subsidiary of the Coca-Cola Company based in Whitestone, Queens, New York, that manufactures and distributes various lines of drinks marketed as enhanced water. Founded in May 1996 by J. Darius Bikoff with an electrolyte enhanced line of water called Smartwater, Energy Brands initially distributed its products to health food stores and independent retailers in the New York area. Adding Fruitwater and Vitaminwater to its line ...

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.

SXC vs VNET — Head-to-Head

Bigger by revenue
SXC
SXC
1.3× larger
SXC
$480.2M
$362.7M
VNET
Higher net margin
VNET
VNET
7.2% more per $
VNET
-10.7%
-17.8%
SXC
More free cash flow
SXC
SXC
$225.9M more FCF
SXC
$32.8M
$-193.1M
VNET
Faster 2-yr revenue CAGR
VNET
VNET
Annualised
VNET
17.4%
-0.8%
SXC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SXC
SXC
VNET
VNET
Revenue
$480.2M
$362.7M
Net Profit
$-85.6M
$-38.7M
Gross Margin
20.9%
Operating Margin
-20.4%
0.5%
Net Margin
-17.8%
-10.7%
Revenue YoY
-1.2%
Net Profit YoY
-461.2%
EPS (diluted)
$-1.00

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
SXC
SXC
VNET
VNET
Q4 25
$480.2M
Q3 25
$487.0M
$362.7M
Q2 25
$434.1M
Q1 25
$436.0M
$309.5M
Q4 24
$486.0M
Q3 24
$490.1M
$302.2M
Q2 24
$470.9M
$274.4M
Q1 24
$488.4M
$262.9M
Net Profit
SXC
SXC
VNET
VNET
Q4 25
$-85.6M
Q3 25
$22.2M
$-38.7M
Q2 25
$1.9M
Q1 25
$17.3M
$-2.4M
Q4 24
$23.7M
Q3 24
$30.7M
$-2.1M
Q2 24
$21.5M
$-1.1M
Q1 24
$20.0M
$-22.0M
Gross Margin
SXC
SXC
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
SXC
SXC
VNET
VNET
Q4 25
-20.4%
Q3 25
2.8%
0.5%
Q2 25
2.3%
Q1 25
6.9%
0.1%
Q4 24
7.3%
Q3 24
9.6%
24.5%
Q2 24
7.4%
0.2%
Q1 24
7.1%
0.2%
Net Margin
SXC
SXC
VNET
VNET
Q4 25
-17.8%
Q3 25
4.6%
-10.7%
Q2 25
0.4%
Q1 25
4.0%
-0.8%
Q4 24
4.9%
Q3 24
6.3%
-0.7%
Q2 24
4.6%
-0.4%
Q1 24
4.1%
-8.4%
EPS (diluted)
SXC
SXC
VNET
VNET
Q4 25
$-1.00
Q3 25
$0.26
Q2 25
$0.02
Q1 25
$0.20
Q4 24
$0.28
Q3 24
$0.36
Q2 24
$0.25
Q1 24
$0.23

Balance Sheet & Financial Strength

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

Metric
SXC
SXC
VNET
VNET
Cash + ST InvestmentsLiquidity on hand
$88.7M
$492.1M
Total DebtLower is stronger
$685.5M
Stockholders' EquityBook value
$597.3M
$890.8M
Total Assets
$1.8B
$6.1B
Debt / EquityLower = less leverage
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SXC
SXC
VNET
VNET
Q4 25
$88.7M
Q3 25
$80.4M
$492.1M
Q2 25
$186.2M
Q1 25
$193.7M
$544.3M
Q4 24
$189.6M
Q3 24
$164.7M
$219.5M
Q2 24
$81.9M
$247.2M
Q1 24
$120.1M
$246.9M
Total Debt
SXC
SXC
VNET
VNET
Q4 25
$685.5M
Q3 25
$691.1M
Q2 25
$493.4M
Q1 25
$492.9M
Q4 24
$492.3M
Q3 24
$491.8M
$1.2B
Q2 24
$491.3M
Q1 24
$490.8M
Stockholders' Equity
SXC
SXC
VNET
VNET
Q4 25
$597.3M
Q3 25
$695.9M
$890.8M
Q2 25
$677.7M
Q1 25
$684.6M
$927.8M
Q4 24
$680.2M
Q3 24
$658.6M
$902.9M
Q2 24
$636.9M
$900.6M
Q1 24
$623.0M
$895.1M
Total Assets
SXC
SXC
VNET
VNET
Q4 25
$1.8B
Q3 25
$1.9B
$6.1B
Q2 25
$1.6B
Q1 25
$1.7B
$5.4B
Q4 24
$1.7B
Q3 24
$1.7B
$4.3B
Q2 24
$1.7B
$4.0B
Q1 24
$1.7B
$3.9B
Debt / Equity
SXC
SXC
VNET
VNET
Q4 25
1.15×
Q3 25
0.99×
Q2 25
0.73×
Q1 25
0.72×
Q4 24
0.72×
Q3 24
0.75×
1.28×
Q2 24
0.77×
Q1 24
0.79×

Cash Flow & Capital Efficiency

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

Metric
SXC
SXC
VNET
VNET
Operating Cash FlowLast quarter
$56.6M
$113.8M
Free Cash FlowOCF − Capex
$32.8M
$-193.1M
FCF MarginFCF / Revenue
6.8%
-53.2%
Capex IntensityCapex / Revenue
5.0%
84.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$42.3M
$-589.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SXC
SXC
VNET
VNET
Q4 25
$56.6M
Q3 25
$9.2M
$113.8M
Q2 25
$17.5M
Q1 25
$25.8M
$27.0M
Q4 24
$60.9M
Q3 24
$107.2M
$108.3M
Q2 24
$-9.3M
$55.8M
Q1 24
$10.0M
$37.1M
Free Cash Flow
SXC
SXC
VNET
VNET
Q4 25
$32.8M
Q3 25
$-16.3M
$-193.1M
Q2 25
$4.9M
Q1 25
$20.9M
$-220.0M
Q4 24
$36.1M
Q3 24
$92.1M
$-95.0M
Q2 24
$-26.8M
$-81.6M
Q1 24
$-5.5M
$-102.2M
FCF Margin
SXC
SXC
VNET
VNET
Q4 25
6.8%
Q3 25
-3.3%
-53.2%
Q2 25
1.1%
Q1 25
4.8%
-71.1%
Q4 24
7.4%
Q3 24
18.8%
-31.4%
Q2 24
-5.7%
-29.8%
Q1 24
-1.1%
-38.9%
Capex Intensity
SXC
SXC
VNET
VNET
Q4 25
5.0%
Q3 25
5.2%
84.6%
Q2 25
2.9%
Q1 25
1.1%
79.8%
Q4 24
5.1%
Q3 24
3.1%
67.3%
Q2 24
3.7%
50.1%
Q1 24
3.2%
53.0%
Cash Conversion
SXC
SXC
VNET
VNET
Q4 25
Q3 25
0.41×
Q2 25
9.21×
Q1 25
1.49×
Q4 24
2.57×
Q3 24
3.49×
Q2 24
-0.43×
Q1 24
0.50×

Financial Flow Comparison

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

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