vs
ACCO BRANDS Corp（ACCO）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
ACCO BRANDS Corp的季度营收约是世纪互联的1.2倍（$428.8M vs $362.7M），ACCO BRANDS Corp净利率更高（5.0% vs -10.7%，领先15.6%），过去两年世纪互联的营收复合增速更高（17.4% vs 9.3%）
ACCO Brands是一家美国跨国企业，由财富品牌旗下的ACCO World与通用装订公司GBC合并组建而成，截至2025年，公司董事长兼首席执行官为Thomas W. Tedford，主营办公文具与办公用品相关业务。
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。
ACCO vs VNET — 直观对比
营收规模更大
ACCO
是对方的1.2倍
$362.7M
净利率更高
ACCO
高出15.6%
-10.7%
两年增速更快
VNET
近两年复合增速
9.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $428.8M | $362.7M |
| 净利润 | $21.3M | $-38.7M |
| 毛利率 | 33.6% | 20.9% |
| 营业利润率 | 9.3% | 0.5% |
| 净利率 | 5.0% | -10.7% |
| 营收同比 | -4.3% | — |
| 净利润同比 | 3.4% | — |
| 每股收益（稀释后） | $0.23 | — |
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ACCOVNET
| Q4 25 | $428.8M | — | ||
| Q3 25 | $383.7M | $362.7M | ||
| Q2 25 | $394.8M | — | ||
| Q1 25 | $317.4M | $309.5M | ||
| Q4 24 | $448.1M | — | ||
| Q3 24 | $420.9M | $302.2M | ||
| Q2 24 | $438.3M | $274.4M | ||
| Q1 24 | $358.9M | $262.9M |
净利润ACCOVNET
| Q4 25 | $21.3M | — | ||
| Q3 25 | $4.0M | $-38.7M | ||
| Q2 25 | $29.2M | — | ||
| Q1 25 | $-13.2M | $-2.4M | ||
| Q4 24 | $20.6M | — | ||
| Q3 24 | $9.3M | $-2.1M | ||
| Q2 24 | $-125.2M | $-1.1M | ||
| Q1 24 | $-6.3M | $-22.0M |
毛利率ACCOVNET
| Q4 25 | 33.6% | — | ||
| Q3 25 | 33.0% | 20.9% | ||
| Q2 25 | 32.9% | — | ||
| Q1 25 | 31.4% | 25.2% | ||
| Q4 24 | 34.7% | — | ||
| Q3 24 | 32.5% | 23.2% | ||
| Q2 24 | 34.8% | 21.3% | ||
| Q1 24 | 30.8% | 21.6% |
营业利润率ACCOVNET
| Q4 25 | 9.3% | — | ||
| Q3 25 | 6.8% | 0.5% | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | -2.1% | 0.1% | ||
| Q4 24 | 9.4% | — | ||
| Q3 24 | 6.2% | 24.5% | ||
| Q2 24 | -25.4% | 0.2% | ||
| Q1 24 | 1.6% | 0.2% |
净利率ACCOVNET
| Q4 25 | 5.0% | — | ||
| Q3 25 | 1.0% | -10.7% | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | -4.2% | -0.8% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 2.2% | -0.7% | ||
| Q2 24 | -28.6% | -0.4% | ||
| Q1 24 | -1.8% | -8.4% |
每股收益（稀释后）ACCOVNET
| Q4 25 | $0.23 | — | ||
| Q3 25 | $0.04 | — | ||
| Q2 25 | $0.31 | — | ||
| Q1 25 | $-0.14 | — | ||
| Q4 24 | $0.21 | — | ||
| Q3 24 | $0.09 | — | ||
| Q2 24 | $-1.29 | — | ||
| Q1 24 | $-0.07 | — |
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 | — | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $664.6M | $890.8M |
| 总资产 | $2.3B | $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ACCOVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $219.5M | ||
| Q2 24 | — | $247.2M | ||
| Q1 24 | — | $246.9M |
总债务ACCOVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ACCOVNET
| Q4 25 | $664.6M | — | ||
| Q3 25 | $644.0M | $890.8M | ||
| Q2 25 | $637.3M | — | ||
| Q1 25 | $606.1M | $927.8M | ||
| Q4 24 | $606.1M | — | ||
| Q3 24 | $615.5M | $902.9M | ||
| Q2 24 | $617.1M | $900.6M | ||
| Q1 24 | $758.5M | $895.1M |
总资产ACCOVNET
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | $6.1B | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.3B | $5.4B | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.4B | $4.3B | ||
| Q2 24 | $2.4B | $4.0B | ||
| Q1 24 | $2.5B | $3.9B |
负债/权益比ACCOVNET
| 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 | $30.6M | $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 | 1.44× | — |
| 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ACCOVNET
| Q4 25 | $30.6M | — | ||
| Q3 25 | $71.5M | $113.8M | ||
| Q2 25 | $-38.9M | — | ||
| Q1 25 | $5.5M | $27.0M | ||
| Q4 24 | $52.7M | — | ||
| Q3 24 | $92.9M | $108.3M | ||
| Q2 24 | $-25.6M | $55.8M | ||
| Q1 24 | $28.2M | $37.1M |
自由现金流ACCOVNET
| 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ACCOVNET
| 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ACCOVNET
| 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ACCOVNET
| Q4 25 | 1.44× | — | ||
| Q3 25 | 17.88× | — | ||
| Q2 25 | -1.33× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.56× | — | ||
| Q3 24 | 9.99× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
ACCO
| Transferred At Point In Time | $421.6M | 98% |
| Transferred Over Time | $7.2M | 2% |
VNET
暂无分部数据
