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ARGAN INC（AGX）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ARGAN INC的1.4倍（$362.7M vs $251.2M），ARGAN INC净利率更高（12.2% vs -10.7%，领先22.9%），ARGAN INC自由现金流更多（$171.9M vs $-193.1M），过去两年ARGAN INC的营收复合增速更高（23.5% vs 17.4%）
Argan Inc.是一家控股企业，主营工程设计、施工建设、项目管理及咨询服务，核心业务覆盖发电、电信、工业基建与可再生能源领域，主要服务北美地区的公营及私营部门客户。
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。
AGX vs VNET — 直观对比
营收规模更大
VNET
是对方的1.4倍
$251.2M
净利率更高
AGX
高出22.9%
-10.7%
自由现金流更多
AGX
多$365.0M
$-193.1M
两年增速更快
AGX
近两年复合增速
17.4%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $251.2M | $362.7M |
| 净利润 | $30.7M | $-38.7M |
| 毛利率 | 18.7% | 20.9% |
| 营业利润率 | 13.0% | 0.5% |
| 净利率 | 12.2% | -10.7% |
| 营收同比 | -2.3% | — |
| 净利润同比 | 9.7% | — |
| 每股收益（稀释后） | $2.17 | — |
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AGXVNET
| Q4 25 | $251.2M | — | ||
| Q3 25 | $237.7M | $362.7M | ||
| Q2 25 | $193.7M | — | ||
| Q1 25 | $232.5M | $309.5M | ||
| Q4 24 | $257.0M | — | ||
| Q3 24 | $227.0M | $302.2M | ||
| Q2 24 | $157.7M | $274.4M | ||
| Q1 24 | $164.6M | $262.9M |
净利润AGXVNET
| Q4 25 | $30.7M | — | ||
| Q3 25 | $35.3M | $-38.7M | ||
| Q2 25 | $22.6M | — | ||
| Q1 25 | $31.4M | $-2.4M | ||
| Q4 24 | $28.0M | — | ||
| Q3 24 | $18.2M | $-2.1M | ||
| Q2 24 | $7.9M | $-1.1M | ||
| Q1 24 | $12.0M | $-22.0M |
毛利率AGXVNET
| Q4 25 | 18.7% | — | ||
| Q3 25 | 18.6% | 20.9% | ||
| Q2 25 | 19.0% | — | ||
| Q1 25 | 20.5% | 25.2% | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 13.7% | 23.2% | ||
| Q2 24 | 11.4% | 21.3% | ||
| Q1 24 | 14.4% | 21.6% |
营业利润率AGXVNET
| Q4 25 | 13.0% | — | ||
| Q3 25 | 12.6% | 0.5% | ||
| Q2 25 | 12.6% | — | ||
| Q1 25 | 14.1% | 0.1% | ||
| Q4 24 | 11.8% | — | ||
| Q3 24 | 8.2% | 24.5% | ||
| Q2 24 | 4.1% | 0.2% | ||
| Q1 24 | 7.1% | 0.2% |
净利率AGXVNET
| Q4 25 | 12.2% | — | ||
| Q3 25 | 14.8% | -10.7% | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 13.5% | -0.8% | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 8.0% | -0.7% | ||
| Q2 24 | 5.0% | -0.4% | ||
| Q1 24 | 7.3% | -8.4% |
每股收益（稀释后）AGXVNET
| Q4 25 | $2.17 | — | ||
| Q3 25 | $2.50 | — | ||
| Q2 25 | $1.60 | — | ||
| Q1 25 | $2.26 | — | ||
| Q4 24 | $2.00 | — | ||
| Q3 24 | $1.31 | — | ||
| Q2 24 | $0.58 | — | ||
| Q1 24 | $0.89 | — |
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 | $423.7M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $419.7M | $890.8M |
| 总资产 | $1.1B | $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AGXVNET
| Q4 25 | $423.7M | — | ||
| Q3 25 | $275.5M | $492.1M | ||
| Q2 25 | $304.3M | — | ||
| Q1 25 | $298.4M | $544.3M | ||
| Q4 24 | $299.8M | — | ||
| Q3 24 | $302.0M | $219.5M | ||
| Q2 24 | $291.8M | $247.2M | ||
| Q1 24 | $306.5M | $246.9M |
总债务AGXVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AGXVNET
| Q4 25 | $419.7M | — | ||
| Q3 25 | $393.2M | $890.8M | ||
| Q2 25 | $363.9M | — | ||
| Q1 25 | $351.9M | $927.8M | ||
| Q4 24 | $328.7M | — | ||
| Q3 24 | $308.1M | $902.9M | ||
| Q2 24 | $293.2M | $900.6M | ||
| Q1 24 | $290.9M | $895.1M |
总资产AGXVNET
| Q4 25 | $1.1B | — | ||
| Q3 25 | $882.7M | $6.1B | ||
| Q2 25 | $792.2M | — | ||
| Q1 25 | $836.2M | $5.4B | ||
| Q4 24 | $768.9M | — | ||
| Q3 24 | $726.6M | $4.3B | ||
| Q2 24 | $624.4M | $4.0B | ||
| Q1 24 | $598.2M | $3.9B |
负债/权益比AGXVNET
| 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 | $172.5M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $171.9M | $-193.1M |
| 自由现金流率自由现金流/营收 | 68.4% | -53.2% |
| 资本支出强度资本支出/营收 | 0.2% | 84.6% |
| 现金转化率经营现金流/净利润 | 5.61× | — |
| 过去12个月自由现金流最近4个季度 | $283.0M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流AGXVNET
| Q4 25 | $172.5M | — | ||
| Q3 25 | $34.6M | $113.8M | ||
| Q2 25 | $35.3M | — | ||
| Q1 25 | $44.6M | $27.0M | ||
| Q4 24 | $31.8M | — | ||
| Q3 24 | $73.5M | $108.3M | ||
| Q2 24 | $17.7M | $55.8M | ||
| Q1 24 | $24.6M | $37.1M |
自由现金流AGXVNET
| Q4 25 | $171.9M | — | ||
| Q3 25 | $32.9M | $-193.1M | ||
| Q2 25 | $34.9M | — | ||
| Q1 25 | $43.3M | $-220.0M | ||
| Q4 24 | $29.2M | — | ||
| Q3 24 | $71.1M | $-95.0M | ||
| Q2 24 | $17.4M | $-81.6M | ||
| Q1 24 | $24.0M | $-102.2M |
自由现金流率AGXVNET
| Q4 25 | 68.4% | — | ||
| Q3 25 | 13.8% | -53.2% | ||
| Q2 25 | 18.0% | — | ||
| Q1 25 | 18.6% | -71.1% | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 31.3% | -31.4% | ||
| Q2 24 | 11.0% | -29.8% | ||
| Q1 24 | 14.6% | -38.9% |
资本支出强度AGXVNET
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.7% | 84.6% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.6% | 79.8% | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 1.0% | 67.3% | ||
| Q2 24 | 0.2% | 50.1% | ||
| Q1 24 | 0.4% | 53.0% |
现金转化率AGXVNET
| Q4 25 | 5.61× | — | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.42× | — | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | 4.04× | — | ||
| Q2 24 | 2.24× | — | ||
| Q1 24 | 2.05× | — |
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
AGX
| Power Industry Services | $195.5M | 78% |
| Industrial Construction Services | $49.4M | 20% |
| Telecommunications Infrastructure Services | $6.3M | 3% |
VNET
暂无分部数据
