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

VNET Group, Inc. is the larger business by last-quarter revenue ($362.7M vs $257.2M, roughly 1.4× WESBANCO INC). WESBANCO INC runs the higher net margin — 34.5% vs -10.7%, a 45.1% gap on every dollar of revenue. Over the past eight quarters, WESBANCO INC's revenue compounded faster (31.9% CAGR vs 17.4%).

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.

WesBanco, Inc., is a bank holding company headquartered in Wheeling, West Virginia, United States. It has over 200 branches in West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana.

VNET vs WSBC — Head-to-Head

Bigger by revenue
VNET
VNET
1.4× larger
VNET
$362.7M
$257.2M
WSBC
Higher net margin
WSBC
WSBC
45.1% more per $
WSBC
34.5%
-10.7%
VNET
Faster 2-yr revenue CAGR
WSBC
WSBC
Annualised
WSBC
31.9%
17.4%
VNET

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
VNET
VNET
WSBC
WSBC
Revenue
$362.7M
$257.2M
Net Profit
$-38.7M
$88.6M
Gross Margin
20.9%
Operating Margin
0.5%
Net Margin
-10.7%
34.5%
Revenue YoY
Net Profit YoY
54.4%
EPS (diluted)
$0.88

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
WSBC
WSBC
Q1 26
$257.2M
Q4 25
$265.6M
Q3 25
$362.7M
$261.6M
Q2 25
$260.7M
Q1 25
$309.5M
$193.2M
Q4 24
$162.9M
Q3 24
$302.2M
$150.8M
Q2 24
$274.4M
$147.9M
Net Profit
VNET
VNET
WSBC
WSBC
Q1 26
$88.6M
Q4 25
$91.1M
Q3 25
$-38.7M
$83.6M
Q2 25
$57.4M
Q1 25
$-2.4M
$-9.0M
Q4 24
$49.6M
Q3 24
$-2.1M
$37.3M
Q2 24
$-1.1M
$28.9M
Gross Margin
VNET
VNET
WSBC
WSBC
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
VNET
VNET
WSBC
WSBC
Q1 26
Q4 25
43.2%
Q3 25
0.5%
39.5%
Q2 25
27.2%
Q1 25
0.1%
-5.0%
Q4 24
38.0%
Q3 24
24.5%
29.7%
Q2 24
0.2%
23.7%
Net Margin
VNET
VNET
WSBC
WSBC
Q1 26
34.5%
Q4 25
34.3%
Q3 25
-10.7%
31.9%
Q2 25
22.0%
Q1 25
-0.8%
-4.7%
Q4 24
30.5%
Q3 24
-0.7%
24.7%
Q2 24
-0.4%
19.5%
EPS (diluted)
VNET
VNET
WSBC
WSBC
Q1 26
$0.88
Q4 25
$0.97
Q3 25
$0.84
Q2 25
$0.57
Q1 25
$-0.15
Q4 24
$0.72
Q3 24
$0.54
Q2 24
$0.44

Balance Sheet & Financial Strength

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

Metric
VNET
VNET
WSBC
WSBC
Cash + ST InvestmentsLiquidity on hand
$492.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$890.8M
$4.1B
Total Assets
$6.1B
$27.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VNET
VNET
WSBC
WSBC
Q1 26
Q4 25
$956.1M
Q3 25
$492.1M
$1.0B
Q2 25
$1.2B
Q1 25
$544.3M
$1.1B
Q4 24
$568.1M
Q3 24
$219.5M
$620.9M
Q2 24
$247.2M
$486.8M
Total Debt
VNET
VNET
WSBC
WSBC
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$1.2B
Q2 24
Stockholders' Equity
VNET
VNET
WSBC
WSBC
Q1 26
$4.1B
Q4 25
$4.0B
Q3 25
$890.8M
$4.1B
Q2 25
$3.8B
Q1 25
$927.8M
$3.8B
Q4 24
$2.8B
Q3 24
$902.9M
$2.8B
Q2 24
$900.6M
$2.5B
Total Assets
VNET
VNET
WSBC
WSBC
Q1 26
$27.5B
Q4 25
$27.7B
Q3 25
$6.1B
$27.5B
Q2 25
$27.6B
Q1 25
$5.4B
$27.4B
Q4 24
$18.7B
Q3 24
$4.3B
$18.5B
Q2 24
$4.0B
$18.1B
Debt / Equity
VNET
VNET
WSBC
WSBC
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
1.28×
Q2 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
WSBC
WSBC
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
VNET
VNET
WSBC
WSBC
Q1 26
Q4 25
$290.4M
Q3 25
$113.8M
$116.9M
Q2 25
$105.0M
Q1 25
$27.0M
$-26.4M
Q4 24
$211.0M
Q3 24
$108.3M
$60.7M
Q2 24
$55.8M
$18.2M
Free Cash Flow
VNET
VNET
WSBC
WSBC
Q1 26
Q4 25
$280.0M
Q3 25
$-193.1M
$114.9M
Q2 25
$98.3M
Q1 25
$-220.0M
$-30.7M
Q4 24
$200.7M
Q3 24
$-95.0M
$56.9M
Q2 24
$-81.6M
$17.3M
FCF Margin
VNET
VNET
WSBC
WSBC
Q1 26
Q4 25
105.4%
Q3 25
-53.2%
43.9%
Q2 25
37.7%
Q1 25
-71.1%
-15.9%
Q4 24
123.2%
Q3 24
-31.4%
37.7%
Q2 24
-29.8%
11.7%
Capex Intensity
VNET
VNET
WSBC
WSBC
Q1 26
Q4 25
3.9%
Q3 25
84.6%
0.8%
Q2 25
2.6%
Q1 25
79.8%
2.2%
Q4 24
6.3%
Q3 24
67.3%
2.5%
Q2 24
50.1%
0.6%
Cash Conversion
VNET
VNET
WSBC
WSBC
Q1 26
Q4 25
3.19×
Q3 25
1.40×
Q2 25
1.83×
Q1 25
Q4 24
4.25×
Q3 24
1.63×
Q2 24
0.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

VNET
VNET

Segment breakdown not available.

WSBC
WSBC

Net Interest Income$215.4M84%
Noninterest Income$41.8M16%

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