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Apple Hospitality REIT, Inc.（APLE）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Apple Hospitality REIT, Inc.的1.1倍（$362.7M vs $326.4M），Apple Hospitality REIT, Inc.净利率更高（9.1% vs -10.7%，领先19.7%），Apple Hospitality REIT, Inc.自由现金流更多（$282.0M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -0.5%）
莱曼 hospitality properties是一家深耕酒店、度假村、娱乐及媒体领域的企业，得名于旗下核心资产——位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾作为爱德华·盖洛德旗下俄克拉荷马出版公司子公司的时期，1983年收购WSM公司后，拿下大奥普里等知名IP，奠定了如今的业务发展基础。
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。
APLE vs VNET — 直观对比
营收规模更大
VNET
是对方的1.1倍
$326.4M
净利率更高
APLE
高出19.7%
-10.7%
自由现金流更多
APLE
多$475.1M
$-193.1M
两年增速更快
VNET
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $326.4M | $362.7M |
| 净利润 | $29.6M | $-38.7M |
| 毛利率 | 37.2% | 20.9% |
| 营业利润率 | 15.2% | 0.5% |
| 净利率 | 9.1% | -10.7% |
| 营收同比 | -2.0% | — |
| 净利润同比 | -0.7% | — |
| 每股收益（稀释后） | $0.13 | — |
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APLEVNET
| Q4 25 | $326.4M | — | ||
| Q3 25 | $373.9M | $362.7M | ||
| Q2 25 | $384.4M | — | ||
| Q1 25 | $327.7M | $309.5M | ||
| Q4 24 | $333.0M | — | ||
| Q3 24 | $378.8M | $302.2M | ||
| Q2 24 | $390.1M | $274.4M | ||
| Q1 24 | $329.5M | $262.9M |
净利润APLEVNET
| Q4 25 | $29.6M | — | ||
| Q3 25 | $50.9M | $-38.7M | ||
| Q2 25 | $63.6M | — | ||
| Q1 25 | $31.2M | $-2.4M | ||
| Q4 24 | $29.8M | — | ||
| Q3 24 | $56.3M | $-2.1M | ||
| Q2 24 | $73.9M | $-1.1M | ||
| Q1 24 | $54.0M | $-22.0M |
毛利率APLEVNET
| Q4 25 | 37.2% | — | ||
| Q3 25 | 40.6% | 20.9% | ||
| Q2 25 | 42.6% | — | ||
| Q1 25 | 39.0% | 25.2% | ||
| Q4 24 | 38.6% | — | ||
| Q3 24 | 41.9% | 23.2% | ||
| Q2 24 | 44.6% | 21.3% | ||
| Q1 24 | 40.1% | 21.6% |
营业利润率APLEVNET
| Q4 25 | 15.2% | — | ||
| Q3 25 | 19.4% | 0.5% | ||
| Q2 25 | 22.1% | — | ||
| Q1 25 | 15.5% | 0.1% | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 20.5% | 24.5% | ||
| Q2 24 | 24.0% | 0.2% | ||
| Q1 24 | 21.7% | 0.2% |
净利率APLEVNET
| Q4 25 | 9.1% | — | ||
| Q3 25 | 13.6% | -10.7% | ||
| Q2 25 | 16.6% | — | ||
| Q1 25 | 9.5% | -0.8% | ||
| Q4 24 | 9.0% | — | ||
| Q3 24 | 14.9% | -0.7% | ||
| Q2 24 | 19.0% | -0.4% | ||
| Q1 24 | 16.4% | -8.4% |
每股收益（稀释后）APLEVNET
| Q4 25 | $0.13 | — | ||
| Q3 25 | $0.21 | — | ||
| Q2 25 | $0.27 | — | ||
| Q1 25 | $0.13 | — | ||
| Q4 24 | $0.13 | — | ||
| Q3 24 | $0.23 | — | ||
| Q2 24 | $0.31 | — | ||
| Q1 24 | $0.22 | — |
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 | $8.5M | $492.1M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $3.1B | $890.8M |
| 总资产 | $4.9B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.49× | — |
8季度趋势，按日历期对齐
现金及短期投资APLEVNET
| Q4 25 | $8.5M | — | ||
| Q3 25 | $50.3M | $492.1M | ||
| Q2 25 | $7.9M | — | ||
| Q1 25 | $14.9M | $544.3M | ||
| Q4 24 | $10.3M | — | ||
| Q3 24 | $6.1M | $219.5M | ||
| Q2 24 | $7.2M | $247.2M | ||
| Q1 24 | $4.9M | $246.9M |
总债务APLEVNET
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
股东权益APLEVNET
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.2B | $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 | $3.3B | $895.1M |
总资产APLEVNET
| Q4 25 | $4.9B | — | ||
| Q3 25 | $4.9B | $6.1B | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | $4.9B | $5.4B | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.0B | $4.3B | ||
| Q2 24 | $5.1B | $4.0B | ||
| Q1 24 | $5.0B | $3.9B |
负债/权益比APLEVNET
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | 0.46× | 1.28× | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | 0.45× | — |
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 | $370.2M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $282.0M | $-193.1M |
| 自由现金流率自由现金流/营收 | 86.4% | -53.2% |
| 资本支出强度资本支出/营收 | 27.0% | 84.6% |
| 现金转化率经营现金流/净利润 | 12.50× | — |
| 过去12个月自由现金流最近4个季度 | $516.8M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流APLEVNET
| Q4 25 | $370.2M | — | ||
| Q3 25 | $126.4M | $113.8M | ||
| Q2 25 | $108.8M | — | ||
| Q1 25 | $49.1M | $27.0M | ||
| Q4 24 | $405.4M | — | ||
| Q3 24 | $128.2M | $108.3M | ||
| Q2 24 | $127.3M | $55.8M | ||
| Q1 24 | $54.7M | $37.1M |
自由现金流APLEVNET
| Q4 25 | $282.0M | — | ||
| Q3 25 | $109.0M | $-193.1M | ||
| Q2 25 | $96.2M | — | ||
| Q1 25 | $29.5M | $-220.0M | ||
| Q4 24 | $327.1M | — | ||
| Q3 24 | $113.1M | $-95.0M | ||
| Q2 24 | $115.0M | $-81.6M | ||
| Q1 24 | $34.4M | $-102.2M |
自由现金流率APLEVNET
| Q4 25 | 86.4% | — | ||
| Q3 25 | 29.2% | -53.2% | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 9.0% | -71.1% | ||
| Q4 24 | 98.2% | — | ||
| Q3 24 | 29.9% | -31.4% | ||
| Q2 24 | 29.5% | -29.8% | ||
| Q1 24 | 10.4% | -38.9% |
资本支出强度APLEVNET
| Q4 25 | 27.0% | — | ||
| Q3 25 | 4.7% | 84.6% | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 6.0% | 79.8% | ||
| Q4 24 | 23.5% | — | ||
| Q3 24 | 4.0% | 67.3% | ||
| Q2 24 | 3.2% | 50.1% | ||
| Q1 24 | 6.2% | 53.0% |
现金转化率APLEVNET
| Q4 25 | 12.50× | — | ||
| Q3 25 | 2.49× | — | ||
| Q2 25 | 1.71× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | 13.59× | — | ||
| Q3 24 | 2.28× | — | ||
| Q2 24 | 1.72× | — | ||
| Q1 24 | 1.01× | — |
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
APLE
| Occupancy | $293.0M | 90% |
| Hotel Other | $17.2M | 5% |
| Food And Beverage | $16.3M | 5% |
VNET
暂无分部数据
