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Side-by-side financial comparison of VNET Group, Inc. (VNET) and WINTRUST FINANCIAL CORP (WTFC). Click either name above to swap in a different company.

WINTRUST FINANCIAL CORP is the larger business by last-quarter revenue ($713.2M vs $362.7M, roughly 2.0× VNET Group, Inc.). WINTRUST FINANCIAL CORP runs the higher net margin — 31.9% vs -10.7%, a 42.5% gap on every dollar of revenue. Over the past eight quarters, VNET Group, Inc.'s revenue compounded faster (17.4% CAGR vs 9.8%).

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.

Wintrust is a financial holding company in the United States that operates 15 chartered community banks in northern Illinois and southern Wisconsin. Wintrust is usually classified as a medium-sized banking institution in the United States and it trades on the Nasdaq Global Select Market with stock symbol WTFC. Wintrust is the second largest banking company in Chicago.

VNET vs WTFC — Head-to-Head

Bigger by revenue
WTFC
WTFC
2.0× larger
WTFC
$713.2M
$362.7M
VNET
Higher net margin
WTFC
WTFC
42.5% more per $
WTFC
31.9%
-10.7%
VNET
Faster 2-yr revenue CAGR
VNET
VNET
Annualised
VNET
17.4%
9.8%
WTFC

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
VNET
VNET
WTFC
WTFC
Revenue
$362.7M
$713.2M
Net Profit
$-38.7M
$227.4M
Gross Margin
20.9%
Operating Margin
0.5%
Net Margin
-10.7%
31.9%
Revenue YoY
10.9%
Net Profit YoY
EPS (diluted)
$3.22

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
WTFC
WTFC
Q1 26
$713.2M
Q4 25
$714.3M
Q3 25
$362.7M
$697.8M
Q2 25
$670.8M
Q1 25
$309.5M
$643.1M
Q4 24
$638.6M
Q3 24
$302.2M
$615.7M
Q2 24
$274.4M
$591.8M
Net Profit
VNET
VNET
WTFC
WTFC
Q1 26
$227.4M
Q4 25
Q3 25
$-38.7M
$216.3M
Q2 25
$195.5M
Q1 25
$-2.4M
$189.0M
Q4 24
Q3 24
$-2.1M
$170.0M
Q2 24
$-1.1M
$152.4M
Gross Margin
VNET
VNET
WTFC
WTFC
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
WTFC
WTFC
Q1 26
Q4 25
42.3%
Q3 25
0.5%
42.4%
Q2 25
39.8%
Q1 25
0.1%
39.3%
Q4 24
39.6%
Q3 24
24.5%
37.8%
Q2 24
0.2%
35.7%
Net Margin
VNET
VNET
WTFC
WTFC
Q1 26
31.9%
Q4 25
Q3 25
-10.7%
31.0%
Q2 25
29.1%
Q1 25
-0.8%
29.4%
Q4 24
Q3 24
-0.7%
27.6%
Q2 24
-0.4%
25.8%
EPS (diluted)
VNET
VNET
WTFC
WTFC
Q1 26
$3.22
Q4 25
$3.15
Q3 25
$2.78
Q2 25
$2.78
Q1 25
$2.69
Q4 24
$2.63
Q3 24
$2.47
Q2 24
$2.32

Balance Sheet & Financial Strength

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

Metric
VNET
VNET
WTFC
WTFC
Cash + ST InvestmentsLiquidity on hand
$492.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$890.8M
$7.4B
Total Assets
$6.1B
$72.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VNET
VNET
WTFC
WTFC
Q1 26
Q4 25
Q3 25
$492.1M
Q2 25
Q1 25
$544.3M
Q4 24
Q3 24
$219.5M
Q2 24
$247.2M
Total Debt
VNET
VNET
WTFC
WTFC
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$1.2B
Q2 24
Stockholders' Equity
VNET
VNET
WTFC
WTFC
Q1 26
$7.4B
Q4 25
$7.3B
Q3 25
$890.8M
$7.0B
Q2 25
$7.2B
Q1 25
$927.8M
$6.6B
Q4 24
$6.3B
Q3 24
$902.9M
$6.4B
Q2 24
$900.6M
$5.5B
Total Assets
VNET
VNET
WTFC
WTFC
Q1 26
$72.2B
Q4 25
$71.1B
Q3 25
$6.1B
$69.6B
Q2 25
$69.0B
Q1 25
$5.4B
$65.9B
Q4 24
$64.9B
Q3 24
$4.3B
$63.8B
Q2 24
$4.0B
$59.8B
Debt / Equity
VNET
VNET
WTFC
WTFC
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
WTFC
WTFC
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
WTFC
WTFC
Q1 26
Q4 25
$910.3M
Q3 25
$113.8M
$209.8M
Q2 25
$329.2M
Q1 25
$27.0M
$119.8M
Q4 24
$721.6M
Q3 24
$108.3M
$-61.6M
Q2 24
$55.8M
$221.2M
Free Cash Flow
VNET
VNET
WTFC
WTFC
Q1 26
Q4 25
$860.4M
Q3 25
$-193.1M
Q2 25
Q1 25
$-220.0M
Q4 24
$635.5M
Q3 24
$-95.0M
$-78.3M
Q2 24
$-81.6M
$182.1M
FCF Margin
VNET
VNET
WTFC
WTFC
Q1 26
Q4 25
120.5%
Q3 25
-53.2%
Q2 25
Q1 25
-71.1%
Q4 24
99.5%
Q3 24
-31.4%
-12.7%
Q2 24
-29.8%
30.8%
Capex Intensity
VNET
VNET
WTFC
WTFC
Q1 26
Q4 25
7.0%
Q3 25
84.6%
Q2 25
Q1 25
79.8%
Q4 24
13.5%
Q3 24
67.3%
2.7%
Q2 24
50.1%
6.6%
Cash Conversion
VNET
VNET
WTFC
WTFC
Q1 26
Q4 25
Q3 25
0.97×
Q2 25
1.68×
Q1 25
0.63×
Q4 24
Q3 24
-0.36×
Q2 24
1.45×

Financial Flow Comparison

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

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