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AFFILIATED MANAGERS GROUP, INC.（AMG）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
AFFILIATED MANAGERS GROUP, INC.的季度营收约是世纪互联的1.5倍（$556.6M vs $362.7M），AFFILIATED MANAGERS GROUP, INC.净利率更高（62.4% vs -10.7%，领先73.1%），AFFILIATED MANAGERS GROUP, INC.自由现金流更多（$254.5M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 5.5%）
Affiliated Managers Group（简称AMG）是一家成立于1993年的美国金融服务企业，总部位于佛罗里达州西棕榈滩。公司股票在纽约证券交易所挂牌交易，代码为AMG，同时是标普400美国中型企业指数的成份股。
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。
AMG vs VNET — 直观对比
营收规模更大
AMG
是对方的1.5倍
$362.7M
净利率更高
AMG
高出73.1%
-10.7%
自由现金流更多
AMG
多$447.6M
$-193.1M
两年增速更快
VNET
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $556.6M | $362.7M |
| 净利润 | $347.5M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 94.4% | 0.5% |
| 净利率 | 62.4% | -10.7% |
| 营收同比 | 6.2% | — |
| 净利润同比 | 114.2% | — |
| 每股收益（稀释后） | $10.87 | — |
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AMGVNET
| Q4 25 | $556.6M | — | ||
| Q3 25 | $528.0M | $362.7M | ||
| Q2 25 | $493.2M | — | ||
| Q1 25 | $496.6M | $309.5M | ||
| Q4 24 | $524.3M | — | ||
| Q3 24 | $516.4M | $302.2M | ||
| Q2 24 | $500.3M | $274.4M | ||
| Q1 24 | $499.9M | $262.9M |
净利润AMGVNET
| Q4 25 | $347.5M | — | ||
| Q3 25 | $212.4M | $-38.7M | ||
| Q2 25 | $84.3M | — | ||
| Q1 25 | $72.4M | $-2.4M | ||
| Q4 24 | $162.2M | — | ||
| Q3 24 | $123.6M | $-2.1M | ||
| Q2 24 | $76.0M | $-1.1M | ||
| Q1 24 | $149.8M | $-22.0M |
毛利率AMGVNET
| 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AMGVNET
| Q4 25 | 94.4% | — | ||
| Q3 25 | 68.7% | 0.5% | ||
| Q2 25 | 34.8% | — | ||
| Q1 25 | 25.5% | 0.1% | ||
| Q4 24 | 52.2% | — | ||
| Q3 24 | 42.0% | 24.5% | ||
| Q2 24 | 35.6% | 0.2% | ||
| Q1 24 | 50.8% | 0.2% |
净利率AMGVNET
| Q4 25 | 62.4% | — | ||
| Q3 25 | 40.2% | -10.7% | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 14.6% | -0.8% | ||
| Q4 24 | 30.9% | — | ||
| Q3 24 | 23.9% | -0.7% | ||
| Q2 24 | 15.2% | -0.4% | ||
| Q1 24 | 30.0% | -8.4% |
每股收益（稀释后）AMGVNET
| Q4 25 | $10.87 | — | ||
| Q3 25 | $6.87 | — | ||
| Q2 25 | $2.80 | — | ||
| Q1 25 | $2.20 | — | ||
| Q4 24 | $4.95 | — | ||
| Q3 24 | $3.78 | — | ||
| Q2 24 | $2.26 | — | ||
| Q1 24 | $4.14 | — |
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 | $586.0M | $492.1M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $3.2B | $890.8M |
| 总资产 | $9.2B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.83× | — |
8季度趋势，按日历期对齐
现金及短期投资AMGVNET
| Q4 25 | $586.0M | — | ||
| Q3 25 | $476.1M | $492.1M | ||
| Q2 25 | $361.0M | — | ||
| Q1 25 | $816.5M | $544.3M | ||
| Q4 24 | $950.0M | — | ||
| Q3 24 | $1.0B | $219.5M | ||
| Q2 24 | $865.5M | $247.2M | ||
| Q1 24 | $793.4M | $246.9M |
总债务AMGVNET
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.5B | — |
股东权益AMGVNET
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.3B | $890.8M | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | $927.8M | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.3B | $902.9M | ||
| Q2 24 | $3.3B | $900.6M | ||
| Q1 24 | $3.6B | $895.1M |
总资产AMGVNET
| Q4 25 | $9.2B | — | ||
| Q3 25 | $8.9B | $6.1B | ||
| Q2 25 | $8.8B | — | ||
| Q1 25 | $8.7B | $5.4B | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | $8.9B | $4.3B | ||
| Q2 24 | $8.8B | $4.0B | ||
| Q1 24 | $9.0B | $3.9B |
负债/权益比AMGVNET
| Q4 25 | 0.83× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 0.79× | 1.28× | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.70× | — |
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 | $256.4M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $254.5M | $-193.1M |
| 自由现金流率自由现金流/营收 | 45.7% | -53.2% |
| 资本支出强度资本支出/营收 | 0.3% | 84.6% |
| 现金转化率经营现金流/净利润 | 0.74× | — |
| 过去12个月自由现金流最近4个季度 | $967.1M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流AMGVNET
| Q4 25 | $256.4M | — | ||
| Q3 25 | $277.1M | $113.8M | ||
| Q2 25 | $230.8M | — | ||
| Q1 25 | $208.9M | $27.0M | ||
| Q4 24 | $212.5M | — | ||
| Q3 24 | $265.2M | $108.3M | ||
| Q2 24 | $245.2M | $55.8M | ||
| Q1 24 | $209.2M | $37.1M |
自由现金流AMGVNET
| Q4 25 | $254.5M | — | ||
| Q3 25 | $275.9M | $-193.1M | ||
| Q2 25 | $229.4M | — | ||
| Q1 25 | $207.3M | $-220.0M | ||
| Q4 24 | $211.4M | — | ||
| Q3 24 | $264.5M | $-95.0M | ||
| Q2 24 | $244.6M | $-81.6M | ||
| Q1 24 | $208.2M | $-102.2M |
自由现金流率AMGVNET
| Q4 25 | 45.7% | — | ||
| Q3 25 | 52.3% | -53.2% | ||
| Q2 25 | 46.5% | — | ||
| Q1 25 | 41.7% | -71.1% | ||
| Q4 24 | 40.3% | — | ||
| Q3 24 | 51.2% | -31.4% | ||
| Q2 24 | 48.9% | -29.8% | ||
| Q1 24 | 41.6% | -38.9% |
资本支出强度AMGVNET
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.2% | 84.6% | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.3% | 79.8% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.1% | 67.3% | ||
| Q2 24 | 0.1% | 50.1% | ||
| Q1 24 | 0.2% | 53.0% |
现金转化率AMGVNET
| Q4 25 | 0.74× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 2.74× | — | ||
| Q1 25 | 2.89× | — | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | 2.15× | — | ||
| Q2 24 | 3.23× | — | ||
| Q1 24 | 1.40× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
