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

VNET Group, Inc. is the larger business by last-quarter revenue ($362.7M vs $239.1M, roughly 1.5× Zumiez Inc). Zumiez Inc runs the higher net margin — 3.8% vs -10.7%, a 14.5% gap on every dollar of revenue. Zumiez Inc produced more free cash flow last quarter ($3.1M vs $-193.1M). Over the past eight quarters, VNET Group, Inc.'s revenue compounded faster (17.4% CAGR vs -7.9%).

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.

Zumiez Inc. is an American multinational specialty clothing store founded by Thomas Campion and Gary Haakenson in 1978, and publicly traded since 2005. The company is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women. Zumiez markets clothing for action sports, particularly skateboarding, snowboarding, and motocross. Zumiez is based in Lynnwood, Washington. The current president and CEO is Richard Brooks.

VNET vs ZUMZ — Head-to-Head

Bigger by revenue
VNET
VNET
1.5× larger
VNET
$362.7M
$239.1M
ZUMZ
Higher net margin
ZUMZ
ZUMZ
14.5% more per $
ZUMZ
3.8%
-10.7%
VNET
More free cash flow
ZUMZ
ZUMZ
$196.2M more FCF
ZUMZ
$3.1M
$-193.1M
VNET
Faster 2-yr revenue CAGR
VNET
VNET
Annualised
VNET
17.4%
-7.9%
ZUMZ

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
VNET
VNET
ZUMZ
ZUMZ
Revenue
$362.7M
$239.1M
Net Profit
$-38.7M
$9.2M
Gross Margin
20.9%
37.6%
Operating Margin
0.5%
4.9%
Net Margin
-10.7%
3.8%
Revenue YoY
7.5%
Net Profit YoY
690.3%
EPS (diluted)
$0.55

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
ZUMZ
ZUMZ
Q4 25
$239.1M
Q3 25
$362.7M
$214.3M
Q2 25
$184.3M
Q1 25
$309.5M
$279.2M
Q4 24
$222.5M
Q3 24
$302.2M
$210.2M
Q2 24
$274.4M
$177.4M
Q1 24
$262.9M
$281.8M
Net Profit
VNET
VNET
ZUMZ
ZUMZ
Q4 25
$9.2M
Q3 25
$-38.7M
$-1.0M
Q2 25
$-14.3M
Q1 25
$-2.4M
$14.8M
Q4 24
$1.2M
Q3 24
$-2.1M
$-847.0K
Q2 24
$-1.1M
$-16.8M
Q1 24
$-22.0M
$-33.5M
Gross Margin
VNET
VNET
ZUMZ
ZUMZ
Q4 25
37.6%
Q3 25
20.9%
35.5%
Q2 25
30.0%
Q1 25
25.2%
36.2%
Q4 24
35.2%
Q3 24
23.2%
34.2%
Q2 24
21.3%
29.3%
Q1 24
21.6%
34.3%
Operating Margin
VNET
VNET
ZUMZ
ZUMZ
Q4 25
4.9%
Q3 25
0.5%
0.0%
Q2 25
-10.8%
Q1 25
0.1%
7.2%
Q4 24
1.1%
Q3 24
24.5%
-0.2%
Q2 24
0.2%
-11.4%
Q1 24
0.2%
-11.6%
Net Margin
VNET
VNET
ZUMZ
ZUMZ
Q4 25
3.8%
Q3 25
-10.7%
-0.5%
Q2 25
-7.8%
Q1 25
-0.8%
5.3%
Q4 24
0.5%
Q3 24
-0.7%
-0.4%
Q2 24
-0.4%
-9.5%
Q1 24
-8.4%
-11.9%
EPS (diluted)
VNET
VNET
ZUMZ
ZUMZ
Q4 25
$0.55
Q3 25
$-0.06
Q2 25
$-0.79
Q1 25
$0.75
Q4 24
$0.06
Q3 24
$-0.04
Q2 24
$-0.86
Q1 24
$-1.73

Balance Sheet & Financial Strength

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

Metric
VNET
VNET
ZUMZ
ZUMZ
Cash + ST InvestmentsLiquidity on hand
$492.1M
$80.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$890.8M
$298.5M
Total Assets
$6.1B
$633.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VNET
VNET
ZUMZ
ZUMZ
Q4 25
$80.1M
Q3 25
$492.1M
$78.8M
Q2 25
$62.5M
Q1 25
$544.3M
$112.7M
Q4 24
$48.5M
Q3 24
$219.5M
$65.8M
Q2 24
$247.2M
$74.9M
Q1 24
$246.9M
$88.9M
Total Debt
VNET
VNET
ZUMZ
ZUMZ
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$1.2B
Q2 24
Q1 24
Stockholders' Equity
VNET
VNET
ZUMZ
ZUMZ
Q4 25
$298.5M
Q3 25
$890.8M
$292.4M
Q2 25
$298.5M
Q1 25
$927.8M
$329.0M
Q4 24
$317.1M
Q3 24
$902.9M
$319.8M
Q2 24
$900.6M
$337.3M
Q1 24
$895.1M
$353.2M
Total Assets
VNET
VNET
ZUMZ
ZUMZ
Q4 25
$633.1M
Q3 25
$6.1B
$623.4M
Q2 25
$599.1M
Q1 25
$5.4B
$634.9M
Q4 24
$646.0M
Q3 24
$4.3B
$669.5M
Q2 24
$4.0B
$656.6M
Q1 24
$3.9B
$664.2M
Debt / Equity
VNET
VNET
ZUMZ
ZUMZ
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
ZUMZ
ZUMZ
Operating Cash FlowLast quarter
$113.8M
$5.3M
Free Cash FlowOCF − Capex
$-193.1M
$3.1M
FCF MarginFCF / Revenue
-53.2%
1.3%
Capex IntensityCapex / Revenue
84.6%
0.9%
Cash ConversionOCF / Net Profit
0.58×
TTM Free Cash FlowTrailing 4 quarters
$-589.7M
$38.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VNET
VNET
ZUMZ
ZUMZ
Q4 25
$5.3M
Q3 25
$113.8M
$12.6M
Q2 25
$-22.1M
Q1 25
$27.0M
$54.7M
Q4 24
$-18.6M
Q3 24
$108.3M
$3.2M
Q2 24
$55.8M
$-18.6M
Q1 24
$37.1M
$37.7M
Free Cash Flow
VNET
VNET
ZUMZ
ZUMZ
Q4 25
$3.1M
Q3 25
$-193.1M
$9.5M
Q2 25
$-24.3M
Q1 25
$-220.0M
$49.7M
Q4 24
$-22.3M
Q3 24
$-95.0M
$-565.0K
Q2 24
$-81.6M
$-21.1M
Q1 24
$-102.2M
$33.5M
FCF Margin
VNET
VNET
ZUMZ
ZUMZ
Q4 25
1.3%
Q3 25
-53.2%
4.4%
Q2 25
-13.2%
Q1 25
-71.1%
17.8%
Q4 24
-10.0%
Q3 24
-31.4%
-0.3%
Q2 24
-29.8%
-11.9%
Q1 24
-38.9%
11.9%
Capex Intensity
VNET
VNET
ZUMZ
ZUMZ
Q4 25
0.9%
Q3 25
84.6%
1.4%
Q2 25
1.2%
Q1 25
79.8%
1.8%
Q4 24
1.7%
Q3 24
67.3%
1.8%
Q2 24
50.1%
1.4%
Q1 24
53.0%
1.5%
Cash Conversion
VNET
VNET
ZUMZ
ZUMZ
Q4 25
0.58×
Q3 25
Q2 25
Q1 25
3.71×
Q4 24
-16.02×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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