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Alight, Inc.（ALIT）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
Alight, Inc.的季度营收约是世纪互联的1.8倍（$653.0M vs $362.7M），世纪互联净利率更高（-10.7% vs -142.7%，领先132.1%），Alight, Inc.自由现金流更多（$99.0M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 8.1%）
Alight公司是一家美国信息技术与咨询企业，专注于人力资源相关业务，主打基于云的系统服务、业务外包与咨询服务，为大型企业提供人力资本管理平台与外包方案，业务范围涵盖健康福利管理、财务管理以及退休规划等领域。
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。
ALIT vs VNET — 直观对比
营收规模更大
ALIT
是对方的1.8倍
$362.7M
净利率更高
VNET
高出132.1%
-142.7%
自由现金流更多
ALIT
多$292.1M
$-193.1M
两年增速更快
VNET
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $653.0M | $362.7M |
| 净利润 | $-932.0M | $-38.7M |
| 毛利率 | 36.8% | 20.9% |
| 营业利润率 | -114.9% | 0.5% |
| 净利率 | -142.7% | -10.7% |
| 营收同比 | -4.0% | — |
| 净利润同比 | -11750.0% | — |
| 每股收益（稀释后） | $-1.77 | — |
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ALITVNET
| Q4 25 | $653.0M | — | ||
| Q3 25 | $533.0M | $362.7M | ||
| Q2 25 | $528.0M | — | ||
| Q1 25 | $548.0M | $309.5M | ||
| Q4 24 | $680.0M | — | ||
| Q3 24 | $555.0M | $302.2M | ||
| Q2 24 | $538.0M | $274.4M | ||
| Q1 24 | $559.0M | $262.9M |
净利润ALITVNET
| Q4 25 | $-932.0M | — | ||
| Q3 25 | $-1.1B | $-38.7M | ||
| Q2 25 | $-1.1B | — | ||
| Q1 25 | $-25.0M | $-2.4M | ||
| Q4 24 | $8.0M | — | ||
| Q3 24 | $-74.0M | $-2.1M | ||
| Q2 24 | $23.0M | $-1.1M | ||
| Q1 24 | $-114.0M | $-22.0M |
毛利率ALITVNET
| Q4 25 | 36.8% | — | ||
| Q3 25 | 33.4% | 20.9% | ||
| Q2 25 | 33.3% | — | ||
| Q1 25 | 31.2% | 25.2% | ||
| Q4 24 | 39.9% | — | ||
| Q3 24 | 31.4% | 23.2% | ||
| Q2 24 | 31.0% | 21.3% | ||
| Q1 24 | 32.6% | 21.6% |
营业利润率ALITVNET
| Q4 25 | -114.9% | — | ||
| Q3 25 | -248.0% | 0.5% | ||
| Q2 25 | -191.3% | — | ||
| Q1 25 | -1.5% | 0.1% | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | -7.6% | 24.5% | ||
| Q2 24 | -9.7% | 0.2% | ||
| Q1 24 | -7.2% | 0.2% |
净利率ALITVNET
| Q4 25 | -142.7% | — | ||
| Q3 25 | -200.2% | -10.7% | ||
| Q2 25 | -203.2% | — | ||
| Q1 25 | -4.6% | -0.8% | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | -13.3% | -0.7% | ||
| Q2 24 | 4.3% | -0.4% | ||
| Q1 24 | -20.4% | -8.4% |
每股收益（稀释后）ALITVNET
| Q4 25 | $-1.77 | — | ||
| Q3 25 | $-2.02 | — | ||
| Q2 25 | $-2.03 | — | ||
| Q1 25 | $-0.05 | — | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $-0.14 | — | ||
| Q2 24 | $0.04 | — | ||
| Q1 24 | $-0.21 | — |
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 | $273.0M | $492.1M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $1.0B | $890.8M |
| 总资产 | $4.6B | $6.1B |
| 负债/权益比越低杠杆越低 | 1.92× | — |
8季度趋势，按日历期对齐
现金及短期投资ALITVNET
| Q4 25 | $273.0M | — | ||
| Q3 25 | $205.0M | $492.1M | ||
| Q2 25 | $227.0M | — | ||
| Q1 25 | $223.0M | $544.3M | ||
| Q4 24 | $343.0M | — | ||
| Q3 24 | $300.0M | $219.5M | ||
| Q2 24 | $183.0M | $247.2M | ||
| Q1 24 | $256.0M | $246.9M |
总债务ALITVNET
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.8B | — |
股东权益ALITVNET
| Q4 25 | $1.0B | — | ||
| Q3 25 | $2.0B | $890.8M | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $4.2B | $927.8M | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.3B | $902.9M | ||
| Q2 24 | $4.5B | $900.6M | ||
| Q1 24 | $4.5B | $895.1M |
总资产ALITVNET
| Q4 25 | $4.6B | — | ||
| Q3 25 | $5.5B | $6.1B | ||
| Q2 25 | $6.8B | — | ||
| Q1 25 | $7.9B | $5.4B | ||
| Q4 24 | $8.2B | — | ||
| Q3 24 | $8.3B | $4.3B | ||
| Q2 24 | $10.5B | $4.0B | ||
| Q1 24 | $10.7B | $3.9B |
负债/权益比ALITVNET
| Q4 25 | 1.92× | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.47× | 1.28× | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.62× | — |
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 | $124.0M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $99.0M | $-193.1M |
| 自由现金流率自由现金流/营收 | 15.2% | -53.2% |
| 资本支出强度资本支出/营收 | 3.8% | 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 | $250.0M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流ALITVNET
| Q4 25 | $124.0M | — | ||
| Q3 25 | $77.0M | $113.8M | ||
| Q2 25 | $86.0M | — | ||
| Q1 25 | $73.0M | $27.0M | ||
| Q4 24 | $118.0M | — | ||
| Q3 24 | $-24.0M | $108.3M | ||
| Q2 24 | $58.0M | $55.8M | ||
| Q1 24 | $100.0M | $37.1M |
自由现金流ALITVNET
| Q4 25 | $99.0M | — | ||
| Q3 25 | $49.0M | $-193.1M | ||
| Q2 25 | $58.0M | — | ||
| Q1 25 | $44.0M | $-220.0M | ||
| Q4 24 | $92.0M | — | ||
| Q3 24 | $-52.0M | $-95.0M | ||
| Q2 24 | $22.0M | $-81.6M | ||
| Q1 24 | $69.0M | $-102.2M |
自由现金流率ALITVNET
| Q4 25 | 15.2% | — | ||
| Q3 25 | 9.2% | -53.2% | ||
| Q2 25 | 11.0% | — | ||
| Q1 25 | 8.0% | -71.1% | ||
| Q4 24 | 13.5% | — | ||
| Q3 24 | -9.4% | -31.4% | ||
| Q2 24 | 4.1% | -29.8% | ||
| Q1 24 | 12.3% | -38.9% |
资本支出强度ALITVNET
| Q4 25 | 3.8% | — | ||
| Q3 25 | 5.3% | 84.6% | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | 5.3% | 79.8% | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | 5.0% | 67.3% | ||
| Q2 24 | 6.7% | 50.1% | ||
| Q1 24 | 5.5% | 53.0% |
现金转化率ALITVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 14.75× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | — | — |
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
ALIT
| Recurring | $607.0M | 93% |
| Projects | $46.0M | 7% |
VNET
暂无分部数据
