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

VALVOLINE INC is the larger business by last-quarter revenue ($461.8M vs $362.7M, roughly 1.3× VNET Group, Inc.). VALVOLINE INC runs the higher net margin — -7.1% vs -10.7%, a 3.6% gap on every dollar of revenue. VALVOLINE INC produced more free cash flow last quarter ($7.4M vs $-193.1M). Over the past eight quarters, VNET Group, Inc.'s revenue compounded faster (17.4% CAGR vs 9.0%).

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.

Valvoline Inc. is an American retail automotive services company based in Lexington, Kentucky. It licenses the name for a number of Valvoline-labeled automotive oil, additives, and lubricants. It also owns the Valvoline Instant Oil Change, Great Canadian Oil Change and Valvoline Express Care car repair chains. As of 2023, it is the second largest oil change service provider in the United States with 10% market share and over 1,650 locations.

VNET vs VVV — Head-to-Head

Bigger by revenue
VVV
VVV
1.3× larger
VVV
$461.8M
$362.7M
VNET
Higher net margin
VVV
VVV
3.6% more per $
VVV
-7.1%
-10.7%
VNET
More free cash flow
VVV
VVV
$200.5M more FCF
VVV
$7.4M
$-193.1M
VNET
Faster 2-yr revenue CAGR
VNET
VNET
Annualised
VNET
17.4%
9.0%
VVV

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
VNET
VNET
VVV
VVV
Revenue
$362.7M
$461.8M
Net Profit
$-38.7M
$-32.8M
Gross Margin
20.9%
37.4%
Operating Margin
0.5%
4.0%
Net Margin
-10.7%
-7.1%
Revenue YoY
11.5%
Net Profit YoY
-135.8%
EPS (diluted)
$-0.26

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
VNET
VNET
VVV
VVV
Q4 25
$461.8M
Q3 25
$362.7M
$453.8M
Q2 25
$439.0M
Q1 25
$309.5M
$403.2M
Q4 24
$414.3M
Q3 24
$302.2M
$435.5M
Q2 24
$274.4M
$421.4M
Q1 24
$262.9M
$388.7M
Net Profit
VNET
VNET
VVV
VVV
Q4 25
$-32.8M
Q3 25
$-38.7M
$25.0M
Q2 25
$56.5M
Q1 25
$-2.4M
$37.6M
Q4 24
$91.6M
Q3 24
$-2.1M
$92.3M
Q2 24
$-1.1M
$45.9M
Q1 24
$-22.0M
$41.4M
Gross Margin
VNET
VNET
VVV
VVV
Q4 25
37.4%
Q3 25
20.9%
39.1%
Q2 25
40.5%
Q1 25
25.2%
37.3%
Q4 24
36.9%
Q3 24
23.2%
39.1%
Q2 24
21.3%
39.7%
Q1 24
21.6%
37.6%
Operating Margin
VNET
VNET
VVV
VVV
Q4 25
4.0%
Q3 25
0.5%
18.6%
Q2 25
21.6%
Q1 25
0.1%
16.6%
Q4 24
34.7%
Q3 24
24.5%
30.9%
Q2 24
0.2%
22.2%
Q1 24
0.2%
19.7%
Net Margin
VNET
VNET
VVV
VVV
Q4 25
-7.1%
Q3 25
-10.7%
5.5%
Q2 25
12.9%
Q1 25
-0.8%
9.3%
Q4 24
22.1%
Q3 24
-0.7%
21.2%
Q2 24
-0.4%
10.9%
Q1 24
-8.4%
10.7%
EPS (diluted)
VNET
VNET
VVV
VVV
Q4 25
$-0.26
Q3 25
$0.20
Q2 25
$0.44
Q1 25
$0.29
Q4 24
$0.71
Q3 24
$0.70
Q2 24
$0.35
Q1 24
$0.32

Balance Sheet & Financial Strength

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

Metric
VNET
VNET
VVV
VVV
Cash + ST InvestmentsLiquidity on hand
$492.1M
$69.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$890.8M
$307.6M
Total Assets
$6.1B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VNET
VNET
VVV
VVV
Q4 25
$69.9M
Q3 25
$492.1M
$51.6M
Q2 25
$68.3M
Q1 25
$544.3M
$61.9M
Q4 24
$60.0M
Q3 24
$219.5M
$68.3M
Q2 24
$247.2M
$65.7M
Q1 24
$246.9M
$494.5M
Total Debt
VNET
VNET
VVV
VVV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$1.2B
Q2 24
Q1 24
Stockholders' Equity
VNET
VNET
VVV
VVV
Q4 25
$307.6M
Q3 25
$890.8M
$338.5M
Q2 25
$313.6M
Q1 25
$927.8M
$248.7M
Q4 24
$229.8M
Q3 24
$902.9M
$185.6M
Q2 24
$900.6M
$106.5M
Q1 24
$895.1M
$60.1M
Total Assets
VNET
VNET
VVV
VVV
Q4 25
$3.4B
Q3 25
$6.1B
$2.7B
Q2 25
$2.6B
Q1 25
$5.4B
$2.5B
Q4 24
$2.3B
Q3 24
$4.3B
$2.4B
Q2 24
$4.0B
$2.4B
Q1 24
$3.9B
$2.8B
Debt / Equity
VNET
VNET
VVV
VVV
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
VNET
VNET
VVV
VVV
Operating Cash FlowLast quarter
$113.8M
$64.8M
Free Cash FlowOCF − Capex
$-193.1M
$7.4M
FCF MarginFCF / Revenue
-53.2%
1.6%
Capex IntensityCapex / Revenue
84.6%
12.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-589.7M
$57.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VNET
VNET
VVV
VVV
Q4 25
$64.8M
Q3 25
$113.8M
$121.9M
Q2 25
$86.9M
Q1 25
$27.0M
$47.2M
Q4 24
$41.2M
Q3 24
$108.3M
$101.3M
Q2 24
$55.8M
$75.6M
Q1 24
$37.1M
$68.3M
Free Cash Flow
VNET
VNET
VVV
VVV
Q4 25
$7.4M
Q3 25
$-193.1M
$23.0M
Q2 25
$32.0M
Q1 25
$-220.0M
$-4.6M
Q4 24
$-12.4M
Q3 24
$-95.0M
$29.9M
Q2 24
$-81.6M
$9.8M
Q1 24
$-102.2M
$23.4M
FCF Margin
VNET
VNET
VVV
VVV
Q4 25
1.6%
Q3 25
-53.2%
5.1%
Q2 25
7.3%
Q1 25
-71.1%
-1.1%
Q4 24
-3.0%
Q3 24
-31.4%
6.9%
Q2 24
-29.8%
2.3%
Q1 24
-38.9%
6.0%
Capex Intensity
VNET
VNET
VVV
VVV
Q4 25
12.4%
Q3 25
84.6%
21.8%
Q2 25
12.5%
Q1 25
79.8%
12.8%
Q4 24
12.9%
Q3 24
67.3%
16.4%
Q2 24
50.1%
15.6%
Q1 24
53.0%
11.6%
Cash Conversion
VNET
VNET
VVV
VVV
Q4 25
Q3 25
4.88×
Q2 25
1.54×
Q1 25
1.26×
Q4 24
0.45×
Q3 24
1.10×
Q2 24
1.65×
Q1 24
1.65×

Financial Flow Comparison

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

Revenue Breakdown by Segment

VNET
VNET

Segment breakdown not available.

VVV
VVV

Oil Change And Related Fees$337.7M73%
Non Oil Change And Related Fees$100.5M22%
Franchise Fees And Other$23.6M5%

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