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阿特拉斯·科普柯（AESI）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阿特拉斯·科普柯的1.5倍（$362.7M vs $249.4M），阿特拉斯·科普柯净利率更高（-8.9% vs -10.7%，领先1.7%），阿特拉斯·科普柯自由现金流更多（$-18.1M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 13.8%）
阿特拉斯·科普柯集团是瑞典跨国工业企业，生产压缩机、真空设备、泵、发电机、装配工具、质量检测设备等工业应用及移动发电领域的产品与系统，业务覆盖全球约180个国家。
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。
AESI vs VNET — 直观对比
营收规模更大
VNET
是对方的1.5倍
$249.4M
净利率更高
AESI
高出1.7%
-10.7%
自由现金流更多
AESI
多$175.0M
$-193.1M
两年增速更快
VNET
近两年复合增速
13.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $249.4M | $362.7M |
| 净利润 | $-22.2M | $-38.7M |
| 毛利率 | 8.1% | 20.9% |
| 营业利润率 | -6.0% | 0.5% |
| 净利率 | -8.9% | -10.7% |
| 营收同比 | -8.1% | — |
| 净利润同比 | -254.5% | — |
| 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AESIVNET
| Q4 25 | $249.4M | — | ||
| Q3 25 | $259.6M | $362.7M | ||
| Q2 25 | $288.7M | — | ||
| Q1 25 | $297.6M | $309.5M | ||
| Q4 24 | $271.3M | — | ||
| Q3 24 | $304.4M | $302.2M | ||
| Q2 24 | $287.5M | $274.4M | ||
| Q1 24 | $192.7M | $262.9M |
净利润AESIVNET
| Q4 25 | $-22.2M | — | ||
| Q3 25 | $-23.7M | $-38.7M | ||
| Q2 25 | $-5.6M | — | ||
| Q1 25 | $1.2M | $-2.4M | ||
| Q4 24 | $14.4M | — | ||
| Q3 24 | $3.9M | $-2.1M | ||
| Q2 24 | $14.8M | $-1.1M | ||
| Q1 24 | $26.8M | $-22.0M |
毛利率AESIVNET
| Q4 25 | 8.1% | — | ||
| Q3 25 | 9.2% | 20.9% | ||
| Q2 25 | 18.1% | — | ||
| Q1 25 | 18.3% | 25.2% | ||
| Q4 24 | 18.4% | — | ||
| Q3 24 | 17.4% | 23.2% | ||
| Q2 24 | 21.0% | 21.3% | ||
| Q1 24 | 35.7% | 21.6% |
营业利润率AESIVNET
| Q4 25 | -6.0% | — | ||
| Q3 25 | -7.1% | 0.5% | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 5.2% | 0.1% | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 5.0% | 24.5% | ||
| Q2 24 | 9.8% | 0.2% | ||
| Q1 24 | 20.6% | 0.2% |
净利率AESIVNET
| Q4 25 | -8.9% | — | ||
| Q3 25 | -9.1% | -10.7% | ||
| Q2 25 | -1.9% | — | ||
| Q1 25 | 0.4% | -0.8% | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 1.3% | -0.7% | ||
| Q2 24 | 5.2% | -0.4% | ||
| Q1 24 | 13.9% | -8.4% |
每股收益（稀释后）AESIVNET
| Q4 25 | $-0.19 | — | ||
| Q3 25 | $-0.19 | — | ||
| Q2 25 | $-0.04 | — | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | $0.12 | — | ||
| Q3 24 | $0.04 | — | ||
| Q2 24 | $0.13 | — | ||
| Q1 24 | $0.26 | — |
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 | $604.2M | — |
| 股东权益账面价值 | $1.2B | $890.8M |
| 总资产 | $2.2B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.50× | — |
8季度趋势，按日历期对齐
现金及短期投资AESIVNET
| 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AESIVNET
| Q4 25 | $604.2M | — | ||
| Q3 25 | $529.1M | — | ||
| Q2 25 | $533.8M | — | ||
| Q1 25 | $538.5M | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $180.0M | $1.2B | ||
| Q2 24 | $180.0M | — | ||
| Q1 24 | $180.0M | — |
股东权益AESIVNET
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $890.8M | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | $927.8M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | $902.9M | ||
| Q2 24 | $1.1B | $900.6M | ||
| Q1 24 | $1.1B | $895.1M |
总资产AESIVNET
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $6.1B | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.3B | $5.4B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | $4.3B | ||
| Q2 24 | $2.0B | $4.0B | ||
| Q1 24 | $1.9B | $3.9B |
负债/权益比AESIVNET
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.43× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.41× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.17× | 1.28× | ||
| Q2 24 | 0.17× | — | ||
| Q1 24 | 0.17× | — |
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 | $3.7M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-18.1M | $-193.1M |
| 自由现金流率自由现金流/营收 | -7.3% | -53.2% |
| 资本支出强度资本支出/营收 | 8.7% | 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 | $-30.9M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流AESIVNET
| Q4 25 | $3.7M | — | ||
| Q3 25 | $32.4M | $113.8M | ||
| Q2 25 | $88.6M | — | ||
| Q1 25 | $-7.5M | $27.0M | ||
| Q4 24 | $70.9M | — | ||
| Q3 24 | $85.2M | $108.3M | ||
| Q2 24 | $60.9M | $55.8M | ||
| Q1 24 | $39.6M | $37.1M |
自由现金流AESIVNET
| Q4 25 | $-18.1M | — | ||
| Q3 25 | $-1.4M | $-193.1M | ||
| Q2 25 | $48.4M | — | ||
| Q1 25 | $-59.8M | $-220.0M | ||
| Q4 24 | $-5.6M | — | ||
| Q3 24 | $-1.1M | $-95.0M | ||
| Q2 24 | $-54.9M | $-81.6M | ||
| Q1 24 | $-55.9M | $-102.2M |
自由现金流率AESIVNET
| Q4 25 | -7.3% | — | ||
| Q3 25 | -0.5% | -53.2% | ||
| Q2 25 | 16.8% | — | ||
| Q1 25 | -20.1% | -71.1% | ||
| Q4 24 | -2.1% | — | ||
| Q3 24 | -0.4% | -31.4% | ||
| Q2 24 | -19.1% | -29.8% | ||
| Q1 24 | -29.0% | -38.9% |
资本支出强度AESIVNET
| Q4 25 | 8.7% | — | ||
| Q3 25 | 13.0% | 84.6% | ||
| Q2 25 | 13.9% | — | ||
| Q1 25 | 17.6% | 79.8% | ||
| Q4 24 | 28.2% | — | ||
| Q3 24 | 28.3% | 67.3% | ||
| Q2 24 | 40.3% | 50.1% | ||
| Q1 24 | 49.6% | 53.0% |
现金转化率AESIVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -6.11× | — | ||
| Q4 24 | 4.92× | — | ||
| Q3 24 | 21.74× | — | ||
| Q2 24 | 4.10× | — | ||
| Q1 24 | 1.48× | — |
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
AESI
| Services | $126.2M | 51% |
| Products | $105.2M | 42% |
| Moser Acquisition | $18.1M | 7% |
VNET
暂无分部数据
