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传奇娱乐（ACEL）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
世纪互联的季度营收约是传奇娱乐的1.1倍（$362.7M vs $341.4M），传奇娱乐净利率更高（4.7% vs -10.7%，领先15.4%），传奇娱乐自由现金流更多（$16.0M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 6.4%）
传奇娱乐是一家美国大众传媒与电影制作公司，总部位于加利福尼亚州伯班克，由托马斯·图尔于2000年创立。该公司长期与华纳兄弟影业、环球影业、索尼影视、派拉蒙影业等主流制片厂，以及网飞、葫芦等流媒体平台展开合作。
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。
ACEL vs VNET — 直观对比
营收规模更大
VNET
是对方的1.1倍
$341.4M
净利率更高
ACEL
高出15.4%
-10.7%
自由现金流更多
ACEL
多$209.1M
$-193.1M
两年增速更快
VNET
近两年复合增速
6.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $341.4M | $362.7M |
| 净利润 | $16.2M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 8.7% | 0.5% |
| 净利率 | 4.7% | -10.7% |
| 营收同比 | 7.5% | — |
| 净利润同比 | 93.3% | — |
| 每股收益（稀释后） | $0.19 | — |
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ACELVNET
| Q4 25 | $341.4M | — | ||
| Q3 25 | $329.7M | $362.7M | ||
| Q2 25 | $335.9M | — | ||
| Q1 25 | $323.9M | $309.5M | ||
| Q4 24 | $317.5M | — | ||
| Q3 24 | $302.2M | $302.2M | ||
| Q2 24 | $309.4M | $274.4M | ||
| Q1 24 | $301.8M | $262.9M |
净利润ACELVNET
| Q4 25 | $16.2M | — | ||
| Q3 25 | $13.4M | $-38.7M | ||
| Q2 25 | $7.3M | — | ||
| Q1 25 | $14.6M | $-2.4M | ||
| Q4 24 | $8.4M | — | ||
| Q3 24 | $4.9M | $-2.1M | ||
| Q2 24 | $14.6M | $-1.1M | ||
| Q1 24 | $7.4M | $-22.0M |
毛利率ACELVNET
| 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ACELVNET
| Q4 25 | 8.7% | — | ||
| Q3 25 | 7.7% | 0.5% | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 8.0% | 0.1% | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 7.2% | 24.5% | ||
| Q2 24 | 7.3% | 0.2% | ||
| Q1 24 | 8.5% | 0.2% |
净利率ACELVNET
| Q4 25 | 4.7% | — | ||
| Q3 25 | 4.1% | -10.7% | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 4.5% | -0.8% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 1.6% | -0.7% | ||
| Q2 24 | 4.7% | -0.4% | ||
| Q1 24 | 2.5% | -8.4% |
每股收益（稀释后）ACELVNET
| Q4 25 | $0.19 | — | ||
| Q3 25 | $0.16 | — | ||
| Q2 25 | $0.08 | — | ||
| Q1 25 | $0.17 | — | ||
| Q4 24 | $0.09 | — | ||
| Q3 24 | $0.06 | — | ||
| Q2 24 | $0.17 | — | ||
| Q1 24 | $0.09 | — |
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 | $296.6M | $492.1M |
| 总债务越低越好 | $607.4M | — |
| 股东权益账面价值 | $269.7M | $890.8M |
| 总资产 | $1.1B | $6.1B |
| 负债/权益比越低杠杆越低 | 2.25× | — |
8季度趋势，按日历期对齐
现金及短期投资ACELVNET
| Q4 25 | $296.6M | — | ||
| Q3 25 | $290.2M | $492.1M | ||
| Q2 25 | $264.6M | — | ||
| Q1 25 | $271.9M | $544.3M | ||
| Q4 24 | $281.3M | — | ||
| Q3 24 | $265.1M | $219.5M | ||
| Q2 24 | $254.9M | $247.2M | ||
| Q1 24 | $253.9M | $246.9M |
总债务ACELVNET
| Q4 25 | $607.4M | — | ||
| Q3 25 | $595.4M | — | ||
| Q2 25 | $595.5M | — | ||
| Q1 25 | $580.7M | — | ||
| Q4 24 | $595.4M | — | ||
| Q3 24 | $554.1M | $1.2B | ||
| Q2 24 | $565.7M | — | ||
| Q1 24 | $539.9M | — |
股东权益ACELVNET
| Q4 25 | $269.7M | — | ||
| Q3 25 | $267.1M | $890.8M | ||
| Q2 25 | $260.5M | — | ||
| Q1 25 | $259.1M | $927.8M | ||
| Q4 24 | $255.0M | — | ||
| Q3 24 | $206.7M | $902.9M | ||
| Q2 24 | $209.1M | $900.6M | ||
| Q1 24 | $202.1M | $895.1M |
总资产ACELVNET
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $6.1B | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.0B | $5.4B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $950.2M | $4.3B | ||
| Q2 24 | $950.3M | $4.0B | ||
| Q1 24 | $919.1M | $3.9B |
负债/权益比ACELVNET
| Q4 25 | 2.25× | — | ||
| Q3 25 | 2.23× | — | ||
| Q2 25 | 2.29× | — | ||
| Q1 25 | 2.24× | — | ||
| Q4 24 | 2.33× | — | ||
| Q3 24 | 2.68× | 1.28× | ||
| Q2 24 | 2.71× | — | ||
| Q1 24 | 2.67× | — |
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 | $31.1M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $16.0M | $-193.1M |
| 自由现金流率自由现金流/营收 | 4.7% | -53.2% |
| 资本支出强度资本支出/营收 | 4.4% | 84.6% |
| 现金转化率经营现金流/净利润 | 1.92× | — |
| 过去12个月自由现金流最近4个季度 | $62.0M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流ACELVNET
| Q4 25 | $31.1M | — | ||
| Q3 25 | $55.2M | $113.8M | ||
| Q2 25 | $19.8M | — | ||
| Q1 25 | $44.8M | $27.0M | ||
| Q4 24 | $13.5M | — | ||
| Q3 24 | $50.1M | $108.3M | ||
| Q2 24 | $28.9M | $55.8M | ||
| Q1 24 | $28.8M | $37.1M |
自由现金流ACELVNET
| Q4 25 | $16.0M | — | ||
| Q3 25 | $34.2M | $-193.1M | ||
| Q2 25 | $-6.2M | — | ||
| Q1 25 | $18.0M | $-220.0M | ||
| Q4 24 | $2.1M | — | ||
| Q3 24 | $33.1M | $-95.0M | ||
| Q2 24 | $11.4M | $-81.6M | ||
| Q1 24 | $8.1M | $-102.2M |
自由现金流率ACELVNET
| Q4 25 | 4.7% | — | ||
| Q3 25 | 10.4% | -53.2% | ||
| Q2 25 | -1.9% | — | ||
| Q1 25 | 5.6% | -71.1% | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 11.0% | -31.4% | ||
| Q2 24 | 3.7% | -29.8% | ||
| Q1 24 | 2.7% | -38.9% |
资本支出强度ACELVNET
| Q4 25 | 4.4% | — | ||
| Q3 25 | 6.4% | 84.6% | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 8.3% | 79.8% | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 5.6% | 67.3% | ||
| Q2 24 | 5.7% | 50.1% | ||
| Q1 24 | 6.8% | 53.0% |
现金转化率ACELVNET
| Q4 25 | 1.92× | — | ||
| Q3 25 | 4.13× | — | ||
| Q2 25 | 2.71× | — | ||
| Q1 25 | 3.06× | — | ||
| Q4 24 | 1.62× | — | ||
| Q3 24 | 10.23× | — | ||
| Q2 24 | 1.98× | — | ||
| Q1 24 | 3.88× | — |
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
ACEL
| Video Gaming | $319.1M | 93% |
| ATM Fees And Other Revenue | $13.5M | 4% |
| Amusement | $5.3M | 2% |
| Manufacturing | $3.6M | 1% |
VNET
暂无分部数据
