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AZZ INC（AZZ）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
AZZ INC的季度营收约是世纪互联的1.1倍（$385.1M vs $362.7M），AZZ INC净利率更高（4.1% vs -10.7%，领先14.8%），过去两年世纪互联的营收复合增速更高（17.4% vs -3.5%）
AZZ公司是全球领先的金属防护解决方案供应商，主营热浸镀锌、表面涂层处理服务及特种电气、工业零部件，主要服务于北美及其他核心国际市场的建筑、能源、基建、制造等下游领域。
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。
AZZ vs VNET — 直观对比
营收规模更大
AZZ
是对方的1.1倍
$362.7M
净利率更高
AZZ
高出14.8%
-10.7%
两年增速更快
VNET
近两年复合增速
-3.5%
损益表 — Q4 FY2027 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $385.1M | $362.7M |
| 净利润 | $15.9M | $-38.7M |
| 毛利率 | 22.7% | 20.9% |
| 营业利润率 | 14.8% | 0.5% |
| 净利率 | 4.1% | -10.7% |
| 营收同比 | -75.6% | — |
| 净利润同比 | -21.2% | — |
| 每股收益（稀释后） | $0.53 | — |
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AZZVNET
| Q4 26 | $385.1M | — | ||
| Q4 25 | $425.7M | — | ||
| Q3 25 | $417.3M | $362.7M | ||
| Q2 25 | $422.0M | — | ||
| Q1 25 | $351.9M | $309.5M | ||
| Q4 24 | $403.7M | — | ||
| Q3 24 | $409.0M | $302.2M | ||
| Q2 24 | $413.2M | $274.4M |
净利润AZZVNET
| Q4 26 | $15.9M | — | ||
| Q4 25 | $41.1M | — | ||
| Q3 25 | $89.3M | $-38.7M | ||
| Q2 25 | $170.9M | — | ||
| Q1 25 | $20.2M | $-2.4M | ||
| Q4 24 | $33.6M | — | ||
| Q3 24 | $35.4M | $-2.1M | ||
| Q2 24 | $39.6M | $-1.1M |
毛利率AZZVNET
| Q4 26 | 22.7% | — | ||
| Q4 25 | 23.9% | — | ||
| Q3 25 | 24.3% | 20.9% | ||
| Q2 25 | 24.7% | — | ||
| Q1 25 | 22.4% | 25.2% | ||
| Q4 24 | 24.2% | — | ||
| Q3 24 | 25.3% | 23.2% | ||
| Q2 24 | 24.8% | 21.3% |
营业利润率AZZVNET
| Q4 26 | 14.8% | — | ||
| Q4 25 | 16.3% | — | ||
| Q3 25 | 16.4% | 0.5% | ||
| Q2 25 | 16.5% | — | ||
| Q1 25 | 11.5% | 0.1% | ||
| Q4 24 | 14.5% | — | ||
| Q3 24 | 16.5% | 24.5% | ||
| Q2 24 | 16.9% | 0.2% |
净利率AZZVNET
| Q4 26 | 4.1% | — | ||
| Q4 25 | 9.6% | — | ||
| Q3 25 | 21.4% | -10.7% | ||
| Q2 25 | 40.5% | — | ||
| Q1 25 | 5.7% | -0.8% | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 8.7% | -0.7% | ||
| Q2 24 | 9.6% | -0.4% |
每股收益（稀释后）AZZVNET
| Q4 26 | $0.53 | — | ||
| Q4 25 | $1.36 | — | ||
| Q3 25 | $2.95 | — | ||
| Q2 25 | $5.66 | — | ||
| Q1 25 | $0.87 | — | ||
| Q4 24 | $1.12 | — | ||
| Q3 24 | $1.18 | — | ||
| Q2 24 | $-1.38 | — |
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 | — | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $890.8M |
| 总资产 | $2.2B | $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AZZVNET
| Q4 26 | — | — | ||
| Q4 25 | $623.0K | — | ||
| Q3 25 | $897.0K | $492.1M | ||
| Q2 25 | $3.0M | — | ||
| Q1 25 | $1.5M | $544.3M | ||
| Q4 24 | $1.5M | — | ||
| Q3 24 | $2.2M | $219.5M | ||
| Q2 24 | $10.5M | $247.2M |
总债务AZZVNET
| Q4 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益AZZVNET
| Q4 26 | $1.3B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $890.8M | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.0B | $927.8M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $999.8M | $902.9M | ||
| Q2 24 | $967.2M | $900.6M |
总资产AZZVNET
| Q4 26 | $2.2B | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $6.1B | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | $5.4B | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.2B | $4.3B | ||
| Q2 24 | $2.2B | $4.0B |
负债/权益比AZZVNET
| Q4 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 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 | $525.4M | $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 | 32.98× | — |
| 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AZZVNET
| Q4 26 | $525.4M | — | ||
| Q4 25 | $79.7M | — | ||
| Q3 25 | $58.4M | $113.8M | ||
| Q2 25 | $314.8M | — | ||
| Q1 25 | — | $27.0M | ||
| Q4 24 | $66.2M | — | ||
| Q3 24 | $47.5M | $108.3M | ||
| Q2 24 | $71.9M | $55.8M |
自由现金流AZZVNET
| Q4 26 | — | — | ||
| Q4 25 | $61.2M | — | ||
| Q3 25 | $39.1M | $-193.1M | ||
| Q2 25 | $293.9M | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | $39.7M | — | ||
| Q3 24 | $15.4M | $-95.0M | ||
| Q2 24 | $44.5M | $-81.6M |
自由现金流率AZZVNET
| Q4 26 | — | — | ||
| Q4 25 | 14.4% | — | ||
| Q3 25 | 9.4% | -53.2% | ||
| Q2 25 | 69.6% | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | 9.8% | — | ||
| Q3 24 | 3.8% | -31.4% | ||
| Q2 24 | 10.8% | -29.8% |
资本支出强度AZZVNET
| Q4 26 | — | — | ||
| Q4 25 | 4.4% | — | ||
| Q3 25 | 4.6% | 84.6% | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 8.5% | 79.8% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 7.8% | 67.3% | ||
| Q2 24 | 6.6% | 50.1% |
现金转化率AZZVNET
| Q4 26 | 32.98× | — | ||
| Q4 25 | 1.94× | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 1.84× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.97× | — | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | 1.82× | — |
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
AZZ
| Precoat Metals | $203.5M | 53% |
| Metal Coatings | $186.5M | 48% |
VNET
暂无分部数据
