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BALCHEM CORP（BCPC）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BALCHEM CORP的1.4倍（$362.7M vs $263.6M），BALCHEM CORP净利率更高（14.9% vs -10.7%，领先25.5%），过去两年世纪互联的营收复合增速更高（17.4% vs 4.9%）
Balchem Corp是一家全球特种化学品与营养原料供应商，核心业务覆盖人类营养、动物保健、制药、工业应用四大领域，为北美、欧洲、亚太等地区的客户提供定制化专用原料产品。
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。
BCPC vs VNET — 直观对比
营收规模更大
VNET
是对方的1.4倍
$263.6M
净利率更高
BCPC
高出25.5%
-10.7%
两年增速更快
VNET
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $263.6M | $362.7M |
| 净利润 | $39.2M | $-38.7M |
| 毛利率 | 35.6% | 20.9% |
| 营业利润率 | 19.8% | 0.5% |
| 净利率 | 14.9% | -10.7% |
| 营收同比 | 9.8% | — |
| 净利润同比 | 16.8% | — |
| 每股收益（稀释后） | $1.21 | — |
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BCPCVNET
| Q4 25 | $263.6M | — | ||
| Q3 25 | $267.6M | $362.7M | ||
| Q2 25 | $255.5M | — | ||
| Q1 25 | $250.5M | $309.5M | ||
| Q4 24 | $240.0M | — | ||
| Q3 24 | $239.9M | $302.2M | ||
| Q2 24 | $234.1M | $274.4M | ||
| Q1 24 | $239.7M | $262.9M |
净利润BCPCVNET
| Q4 25 | $39.2M | — | ||
| Q3 25 | $40.3M | $-38.7M | ||
| Q2 25 | $38.3M | — | ||
| Q1 25 | $37.1M | $-2.4M | ||
| Q4 24 | $33.6M | — | ||
| Q3 24 | $33.8M | $-2.1M | ||
| Q2 24 | $32.1M | $-1.1M | ||
| Q1 24 | $29.0M | $-22.0M |
毛利率BCPCVNET
| Q4 25 | 35.6% | — | ||
| Q3 25 | 35.7% | 20.9% | ||
| Q2 25 | 36.4% | — | ||
| Q1 25 | 35.2% | 25.2% | ||
| Q4 24 | 36.0% | — | ||
| Q3 24 | 35.6% | 23.2% | ||
| Q2 24 | 35.5% | 21.3% | ||
| Q1 24 | 34.0% | 21.6% |
营业利润率BCPCVNET
| Q4 25 | 19.8% | — | ||
| Q3 25 | 20.4% | 0.5% | ||
| Q2 25 | 20.1% | — | ||
| Q1 25 | 20.4% | 0.1% | ||
| Q4 24 | 19.8% | — | ||
| Q3 24 | 20.0% | 24.5% | ||
| Q2 24 | 19.6% | 0.2% | ||
| Q1 24 | 17.4% | 0.2% |
净利率BCPCVNET
| Q4 25 | 14.9% | — | ||
| Q3 25 | 15.1% | -10.7% | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 14.8% | -0.8% | ||
| Q4 24 | 14.0% | — | ||
| Q3 24 | 14.1% | -0.7% | ||
| Q2 24 | 13.7% | -0.4% | ||
| Q1 24 | 12.1% | -8.4% |
每股收益（稀释后）BCPCVNET
| Q4 25 | $1.21 | — | ||
| Q3 25 | $1.24 | — | ||
| Q2 25 | $1.17 | — | ||
| Q1 25 | $1.13 | — | ||
| Q4 24 | $1.03 | — | ||
| Q3 24 | $1.03 | — | ||
| Q2 24 | $0.98 | — | ||
| 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 | $74.6M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $890.8M |
| 总资产 | $1.7B | $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BCPCVNET
| Q4 25 | $74.6M | — | ||
| Q3 25 | $65.1M | $492.1M | ||
| Q2 25 | $65.4M | — | ||
| Q1 25 | $49.9M | $544.3M | ||
| Q4 24 | $49.5M | — | ||
| Q3 24 | $73.7M | $219.5M | ||
| Q2 24 | $63.7M | $247.2M | ||
| Q1 24 | $60.3M | $246.9M |
总债务BCPCVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BCPCVNET
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $890.8M | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | $927.8M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | $902.9M | ||
| Q2 24 | $1.1B | $900.6M | ||
| Q1 24 | $1.1B | $895.1M |
总资产BCPCVNET
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $6.1B | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.6B | $5.4B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | $4.3B | ||
| Q2 24 | $1.6B | $4.0B | ||
| Q1 24 | $1.6B | $3.9B |
负债/权益比BCPCVNET
| 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 | $67.3M | $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 | 1.72× | — |
| 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BCPCVNET
| Q4 25 | $67.3M | — | ||
| Q3 25 | $65.6M | $113.8M | ||
| Q2 25 | $47.3M | — | ||
| Q1 25 | $36.5M | $27.0M | ||
| Q4 24 | $52.3M | — | ||
| Q3 24 | $51.3M | $108.3M | ||
| Q2 24 | $45.0M | $55.8M | ||
| Q1 24 | $33.4M | $37.1M |
自由现金流BCPCVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率BCPCVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度BCPCVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率BCPCVNET
| Q4 25 | 1.72× | — | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 1.52× | — | ||
| Q2 24 | 1.40× | — | ||
| Q1 24 | 1.15× | — |
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
BCPC
| Human Nutrition And Health | $166.1M | 63% |
| Animal Nutrition And Health | $61.2M | 23% |
| Specialty Products | $34.8M | 13% |
VNET
暂无分部数据
