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ProFrac Holding Corp.（ACDC）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
ProFrac Holding Corp.的季度营收约是世纪互联的1.2倍（$436.5M vs $362.7M），世纪互联净利率更高（-10.7% vs -33.2%，领先22.5%），ProFrac Holding Corp.自由现金流更多（$12.9M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -13.4%）
ProFrac Holding Corp.是一家领先的北美能源服务企业，主要为油气勘探开采企业提供水力压裂、完井及相关配套服务，核心客户覆盖美国、加拿大主要陆上页岩及常规油气产区的上游运营商。
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。
ACDC vs VNET — 直观对比
营收规模更大
ACDC
是对方的1.2倍
$362.7M
净利率更高
VNET
高出22.5%
-33.2%
自由现金流更多
ACDC
多$206.0M
$-193.1M
两年增速更快
VNET
近两年复合增速
-13.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $436.5M | $362.7M |
| 净利润 | $-144.7M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | -24.9% | 0.5% |
| 净利率 | -33.2% | -10.7% |
| 营收同比 | -4.0% | — |
| 净利润同比 | -37.8% | — |
| 每股收益（稀释后） | $-0.83 | — |
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ACDCVNET
| Q4 25 | $436.5M | — | ||
| Q3 25 | $403.1M | $362.7M | ||
| Q2 25 | $501.9M | — | ||
| Q1 25 | $600.3M | $309.5M | ||
| Q4 24 | $454.7M | — | ||
| Q3 24 | $575.3M | $302.2M | ||
| Q2 24 | $579.4M | $274.4M | ||
| Q1 24 | $581.5M | $262.9M |
净利润ACDCVNET
| Q4 25 | $-144.7M | — | ||
| Q3 25 | $-100.9M | $-38.7M | ||
| Q2 25 | $-105.9M | — | ||
| Q1 25 | $-17.5M | $-2.4M | ||
| Q4 24 | $-105.0M | — | ||
| Q3 24 | $-45.2M | $-2.1M | ||
| Q2 24 | $-66.7M | $-1.1M | ||
| Q1 24 | $1.8M | $-22.0M |
毛利率ACDCVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率ACDCVNET
| Q4 25 | -24.9% | — | ||
| Q3 25 | -19.5% | 0.5% | ||
| Q2 25 | -10.8% | — | ||
| Q1 25 | 2.7% | 0.1% | ||
| Q4 24 | -10.3% | — | ||
| Q3 24 | -0.7% | 24.5% | ||
| Q2 24 | -8.5% | 0.2% | ||
| Q1 24 | 6.9% | 0.2% |
净利率ACDCVNET
| Q4 25 | -33.2% | — | ||
| Q3 25 | -25.0% | -10.7% | ||
| Q2 25 | -21.1% | — | ||
| Q1 25 | -2.9% | -0.8% | ||
| Q4 24 | -23.1% | — | ||
| Q3 24 | -7.9% | -0.7% | ||
| Q2 24 | -11.5% | -0.4% | ||
| Q1 24 | 0.3% | -8.4% |
每股收益（稀释后）ACDCVNET
| Q4 25 | $-0.83 | — | ||
| Q3 25 | $-0.60 | — | ||
| Q2 25 | $-0.67 | — | ||
| Q1 25 | $-0.12 | — | ||
| Q4 24 | $-0.67 | — | ||
| Q3 24 | $-0.29 | — | ||
| Q2 24 | $-0.42 | — | ||
| Q1 24 | $0.00 | — |
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 | $22.9M | $492.1M |
| 总债务越低越好 | $832.7M | — |
| 股东权益账面价值 | $717.5M | $890.8M |
| 总资产 | $2.6B | $6.1B |
| 负债/权益比越低杠杆越低 | 1.16× | — |
8季度趋势，按日历期对齐
现金及短期投资ACDCVNET
| Q4 25 | $22.9M | — | ||
| Q3 25 | $58.0M | $492.1M | ||
| Q2 25 | $26.0M | — | ||
| Q1 25 | $16.0M | $544.3M | ||
| Q4 24 | $14.8M | — | ||
| Q3 24 | $25.5M | $219.5M | ||
| Q2 24 | $24.0M | $247.2M | ||
| Q1 24 | $28.3M | $246.9M |
总债务ACDCVNET
| Q4 25 | $832.7M | — | ||
| Q3 25 | $907.0M | — | ||
| Q2 25 | $941.9M | — | ||
| Q1 25 | $967.9M | — | ||
| Q4 24 | $936.1M | — | ||
| Q3 24 | $986.7M | $1.2B | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $895.1M | — |
股东权益ACDCVNET
| Q4 25 | $717.5M | — | ||
| Q3 25 | $862.0M | $890.8M | ||
| Q2 25 | $875.5M | — | ||
| Q1 25 | $988.1M | $927.8M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.1B | $902.9M | ||
| Q2 24 | $1.1B | $900.6M | ||
| Q1 24 | $1.2B | $895.1M |
总资产ACDCVNET
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.7B | $6.1B | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $3.0B | $5.4B | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.1B | $4.3B | ||
| Q2 24 | $3.2B | $4.0B | ||
| Q1 24 | $3.0B | $3.9B |
负债/权益比ACDCVNET
| Q4 25 | 1.16× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.93× | — | ||
| Q3 24 | 0.90× | 1.28× | ||
| Q2 24 | 0.88× | — | ||
| Q1 24 | 0.74× | — |
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 | $49.5M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $12.9M | $-193.1M |
| 自由现金流率自由现金流/营收 | 3.0% | -53.2% |
| 资本支出强度资本支出/营收 | 8.4% | 84.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $19.6M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流ACDCVNET
| Q4 25 | $49.5M | — | ||
| Q3 25 | $900.0K | $113.8M | ||
| Q2 25 | $100.4M | — | ||
| Q1 25 | $38.7M | $27.0M | ||
| Q4 24 | $76.5M | — | ||
| Q3 24 | $98.2M | $108.3M | ||
| Q2 24 | $113.5M | $55.8M | ||
| Q1 24 | $79.1M | $37.1M |
自由现金流ACDCVNET
| Q4 25 | $12.9M | — | ||
| Q3 25 | $-33.4M | $-193.1M | ||
| Q2 25 | $53.9M | — | ||
| Q1 25 | $-13.8M | $-220.0M | ||
| Q4 24 | $13.3M | — | ||
| Q3 24 | $28.2M | $-95.0M | ||
| Q2 24 | $51.6M | $-81.6M | ||
| Q1 24 | $19.2M | $-102.2M |
自由现金流率ACDCVNET
| Q4 25 | 3.0% | — | ||
| Q3 25 | -8.3% | -53.2% | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | -2.3% | -71.1% | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 4.9% | -31.4% | ||
| Q2 24 | 8.9% | -29.8% | ||
| Q1 24 | 3.3% | -38.9% |
资本支出强度ACDCVNET
| Q4 25 | 8.4% | — | ||
| Q3 25 | 8.5% | 84.6% | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 8.7% | 79.8% | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 12.2% | 67.3% | ||
| Q2 24 | 10.7% | 50.1% | ||
| Q1 24 | 10.3% | 53.0% |
现金转化率ACDCVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 43.94× | — |
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
ACDC
| Services | $385.6M | 88% |
| Products | $50.9M | 12% |
VNET
暂无分部数据
