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AAON, INC.（AAON）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
AAON, INC.的季度营收约是世纪互联的1.2倍（$424.2M vs $362.7M），AAON, INC.净利率更高（7.6% vs -10.7%，领先18.2%），过去两年AAON, INC.的营收复合增速更高（27.2% vs 17.4%）
AAON公司是商用及工业领域暖通空调设备专业生产商，总部位于美国俄克拉荷马州塔尔萨市，在得克萨斯州朗维尤、密苏里州帕克维尔、俄勒冈州雷德蒙德设有生产基地，全球员工约4000人，年销售额超8.8亿美元。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
AAON vs VNET — 直观对比
营收规模更大
AAON
是对方的1.2倍
$362.7M
净利率更高
AAON
高出18.2%
-10.7%
两年增速更快
AAON
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $424.2M | $362.7M |
| 净利润 | $32.0M | $-38.7M |
| 毛利率 | 25.9% | 20.9% |
| 营业利润率 | 10.4% | 0.5% |
| 净利率 | 7.6% | -10.7% |
| 营收同比 | 42.5% | — |
| 净利润同比 | 29.7% | — |
| 每股收益（稀释后） | $0.38 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AAONVNET
| Q4 25 | $424.2M | — | ||
| Q3 25 | $384.2M | $362.7M | ||
| Q2 25 | $311.6M | — | ||
| Q1 25 | $322.1M | $309.5M | ||
| Q4 24 | $297.7M | — | ||
| Q3 24 | $327.3M | $302.2M | ||
| Q2 24 | $313.6M | $274.4M | ||
| Q1 24 | $262.1M | $262.9M |
净利润AAONVNET
| Q4 25 | $32.0M | — | ||
| Q3 25 | $30.8M | $-38.7M | ||
| Q2 25 | $15.5M | — | ||
| Q1 25 | $29.3M | $-2.4M | ||
| Q4 24 | $24.7M | — | ||
| Q3 24 | $52.6M | $-2.1M | ||
| Q2 24 | $52.2M | $-1.1M | ||
| Q1 24 | $39.0M | $-22.0M |
毛利率AAONVNET
| Q4 25 | 25.9% | — | ||
| Q3 25 | 27.8% | 20.9% | ||
| Q2 25 | 26.6% | — | ||
| Q1 25 | 26.8% | 25.2% | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 34.9% | 23.2% | ||
| Q2 24 | 36.1% | 21.3% | ||
| Q1 24 | 35.2% | 21.6% |
营业利润率AAONVNET
| Q4 25 | 10.4% | — | ||
| Q3 25 | 11.3% | 0.5% | ||
| Q2 25 | 7.6% | — | ||
| Q1 25 | 10.9% | 0.1% | ||
| Q4 24 | 9.9% | — | ||
| Q3 24 | 20.0% | 24.5% | ||
| Q2 24 | 21.4% | 0.2% | ||
| Q1 24 | 17.9% | 0.2% |
净利率AAONVNET
| Q4 25 | 7.6% | — | ||
| Q3 25 | 8.0% | -10.7% | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 9.1% | -0.8% | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 16.1% | -0.7% | ||
| Q2 24 | 16.7% | -0.4% | ||
| Q1 24 | 14.9% | -8.4% |
每股收益（稀释后）AAONVNET
| Q4 25 | $0.38 | — | ||
| Q3 25 | $0.37 | — | ||
| Q2 25 | $0.19 | — | ||
| Q1 25 | $0.35 | — | ||
| Q4 24 | $0.31 | — | ||
| Q3 24 | $0.63 | — | ||
| Q2 24 | $0.62 | — | ||
| Q1 24 | $0.46 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $13.0K | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $895.0M | $890.8M |
| 总资产 | $1.7B | $6.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AAONVNET
| Q4 25 | $13.0K | — | ||
| Q3 25 | $1.0M | $492.1M | ||
| Q2 25 | $14.0K | — | ||
| Q1 25 | $994.0K | $544.3M | ||
| Q4 24 | $14.0K | — | ||
| Q3 24 | $15.0K | $219.5M | ||
| Q2 24 | $13.0K | $247.2M | ||
| Q1 24 | $8.4M | $246.9M |
总债务AAONVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AAONVNET
| Q4 25 | $895.0M | — | ||
| Q3 25 | $863.1M | $890.8M | ||
| Q2 25 | $832.7M | — | ||
| Q1 25 | $815.9M | $927.8M | ||
| Q4 24 | $824.6M | — | ||
| Q3 24 | $796.9M | $902.9M | ||
| Q2 24 | $740.5M | $900.6M | ||
| Q1 24 | $784.8M | $895.1M |
总资产AAONVNET
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.5B | $6.1B | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | $5.4B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.0B | $4.3B | ||
| Q2 24 | $1.0B | $4.0B | ||
| Q1 24 | $952.9M | $3.9B |
负债/权益比AAONVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $19.3M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -53.2% |
| 资本支出强度资本支出/营收 | — | 84.6% |
| 现金转化率经营现金流/净利润 | 0.60× | — |
| 过去12个月自由现金流最近4个季度 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流AAONVNET
| Q4 25 | $19.3M | — | ||
| Q3 25 | $12.3M | $113.8M | ||
| Q2 25 | $-21.8M | — | ||
| Q1 25 | $-9.2M | $27.0M | ||
| Q4 24 | $845.0K | — | ||
| Q3 24 | $63.8M | $108.3M | ||
| Q2 24 | $35.5M | $55.8M | ||
| Q1 24 | $92.4M | $37.1M |
自由现金流AAONVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率AAONVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度AAONVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率AAONVNET
| Q4 25 | 0.60× | — | ||
| Q3 25 | 0.40× | — | ||
| Q2 25 | -1.41× | — | ||
| Q1 25 | -0.31× | — | ||
| Q4 24 | 0.03× | — | ||
| Q3 24 | 1.21× | — | ||
| Q2 24 | 0.68× | — | ||
| Q1 24 | 2.37× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AAON
| AAON Oklahoma | $215.5M | 51% |
| Bas X | $106.1M | 25% |
| AAON Coil Products | $102.6M | 24% |
VNET
暂无分部数据
