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ASSURED GUARANTY LTD（AGO）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ASSURED GUARANTY LTD的1.3倍（$362.7M vs $277.0M），ASSURED GUARANTY LTD净利率更高（43.0% vs -10.7%，领先53.6%），过去两年世纪互联的营收复合增速更高（17.4% vs 6.3%）
Assured Guaranty旗下的Assured Investment Management（AIM）是一家主打信贷策略的机构资产管理公司，2023年7月停止运营时管理资产规模约152亿美元，曾被二级投资者评为全球最知名的对冲基金之一。
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。
AGO vs VNET — 直观对比
营收规模更大
VNET
是对方的1.3倍
$277.0M
净利率更高
AGO
高出53.6%
-10.7%
两年增速更快
VNET
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $277.0M | $362.7M |
| 净利润 | $119.0M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 59.6% | 0.5% |
| 净利率 | 43.0% | -10.7% |
| 营收同比 | 77.6% | — |
| 净利润同比 | 561.1% | — |
| 每股收益（稀释后） | $2.56 | — |
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AGOVNET
| Q4 25 | $277.0M | — | ||
| Q3 25 | $207.0M | $362.7M | ||
| Q2 25 | $281.0M | — | ||
| Q1 25 | $345.0M | $309.5M | ||
| Q4 24 | $156.0M | — | ||
| Q3 24 | $269.0M | $302.2M | ||
| Q2 24 | $202.0M | $274.4M | ||
| Q1 24 | $245.0M | $262.9M |
净利润AGOVNET
| Q4 25 | $119.0M | — | ||
| Q3 25 | $105.0M | $-38.7M | ||
| Q2 25 | $103.0M | — | ||
| Q1 25 | $176.0M | $-2.4M | ||
| Q4 24 | $18.0M | — | ||
| Q3 24 | $171.0M | $-2.1M | ||
| Q2 24 | $78.0M | $-1.1M | ||
| Q1 24 | $109.0M | $-22.0M |
毛利率AGOVNET
| 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AGOVNET
| Q4 25 | 59.6% | — | ||
| Q3 25 | 65.2% | 0.5% | ||
| Q2 25 | 47.3% | — | ||
| Q1 25 | 66.4% | 0.1% | ||
| Q4 24 | 19.2% | — | ||
| Q3 24 | 81.8% | 24.5% | ||
| Q2 24 | 46.5% | 0.2% | ||
| Q1 24 | 58.8% | 0.2% |
净利率AGOVNET
| Q4 25 | 43.0% | — | ||
| Q3 25 | 50.7% | -10.7% | ||
| Q2 25 | 36.7% | — | ||
| Q1 25 | 51.0% | -0.8% | ||
| Q4 24 | 11.5% | — | ||
| Q3 24 | 63.6% | -0.7% | ||
| Q2 24 | 38.6% | -0.4% | ||
| Q1 24 | 44.5% | -8.4% |
每股收益（稀释后）AGOVNET
| Q4 25 | $2.56 | — | ||
| Q3 25 | $2.18 | — | ||
| Q2 25 | $2.08 | — | ||
| Q1 25 | $3.44 | — | ||
| Q4 24 | $0.40 | — | ||
| Q3 24 | $3.17 | — | ||
| Q2 24 | $1.41 | — | ||
| Q1 24 | $1.89 | — |
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 | $903.0M | $492.1M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $5.7B | $890.8M |
| 总资产 | $12.2B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资AGOVNET
| Q4 25 | $903.0M | — | ||
| Q3 25 | $1.3B | $492.1M | ||
| Q2 25 | $939.0M | — | ||
| Q1 25 | $1.2B | $544.3M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.5B | $219.5M | ||
| Q2 24 | $1.7B | $247.2M | ||
| Q1 24 | $1.6B | $246.9M |
总债务AGOVNET
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | — |
股东权益AGOVNET
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.7B | $890.8M | ||
| Q2 25 | $5.6B | — | ||
| Q1 25 | $5.6B | $927.8M | ||
| Q4 24 | $5.5B | — | ||
| Q3 24 | $5.7B | $902.9M | ||
| Q2 24 | $5.5B | $900.6M | ||
| Q1 24 | $5.6B | $895.1M |
总资产AGOVNET
| Q4 25 | $12.2B | — | ||
| Q3 25 | $12.1B | $6.1B | ||
| Q2 25 | $12.1B | — | ||
| Q1 25 | $11.9B | $5.4B | ||
| Q4 24 | $11.9B | — | ||
| Q3 24 | $12.3B | $4.3B | ||
| Q2 24 | $12.1B | $4.0B | ||
| Q1 24 | $12.2B | $3.9B |
负债/权益比AGOVNET
| Q4 25 | 0.30× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.30× | 1.28× | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | 0.30× | — |
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 | $259.0M | $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 | 2.18× | — |
| 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AGOVNET
| Q4 25 | $259.0M | — | ||
| Q3 25 | $55.0M | $113.8M | ||
| Q2 25 | $78.0M | — | ||
| Q1 25 | $87.0M | $27.0M | ||
| Q4 24 | $47.0M | — | ||
| Q3 24 | $17.0M | $108.3M | ||
| Q2 24 | $58.0M | $55.8M | ||
| Q1 24 | $-74.0M | $37.1M |
自由现金流AGOVNET
| 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AGOVNET
| 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AGOVNET
| 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AGOVNET
| Q4 25 | 2.18× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 2.61× | — | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.74× | — | ||
| Q1 24 | -0.68× | — |
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
AGO
| Insurance Segment | $226.0M | 82% |
| Other | $37.0M | 13% |
| Gain Loss On Investments Member1 | $8.0M | 3% |
| Non Credit Impairment Related Unrealized Fair Value Gains Losses On Credit Derivatives | $6.0M | 2% |
VNET
暂无分部数据
