vs
勃肯（BIRK）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
勃肯的季度营收约是世纪互联的1.5倍（$526.3M vs $362.7M），勃肯净利率更高（19.3% vs -10.7%，领先29.9%），过去两年勃肯的营收复合增速更高（26.8% vs 17.4%）
勃肯是源自德国的知名鞋履制造商，1774年成立，总部位于莱茵兰-普法尔茨州维德河畔诺伊施塔特。品牌标志性产品采用麂皮、黄麻层叠打造的弧形软木鞋垫，可贴合穿着者脚型，尤以舒适凉鞋品类闻名，创立初衷是为替代当时普遍的平底鞋，推出兼具支撑性与贴合度的鞋款。
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。
BIRK vs VNET — 直观对比
营收规模更大
BIRK
是对方的1.5倍
$362.7M
净利率更高
BIRK
高出29.9%
-10.7%
两年增速更快
BIRK
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $526.3M | $362.7M |
| 净利润 | $101.4M | $-38.7M |
| 毛利率 | 62.8% | 20.9% |
| 营业利润率 | 23.0% | 0.5% |
| 净利率 | 19.3% | -10.7% |
| 营收同比 | — | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | — |
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BIRKVNET
| Q3 25 | $526.3M | $362.7M | ||
| Q2 25 | $685.8M | — | ||
| Q1 25 | $620.3M | $309.5M | ||
| Q4 24 | $390.7M | — | ||
| Q3 24 | $455.8M | $302.2M | ||
| Q2 24 | $609.9M | $274.4M | ||
| Q1 24 | $519.7M | $262.9M | ||
| Q4 23 | $327.2M | — |
净利润BIRKVNET
| Q3 25 | $101.4M | $-38.7M | ||
| Q2 25 | $139.6M | — | ||
| Q1 25 | $113.5M | $-2.4M | ||
| Q4 24 | $21.7M | — | ||
| Q3 24 | — | $-2.1M | ||
| Q2 24 | $80.6M | $-1.1M | ||
| Q1 24 | $77.4M | $-22.0M | ||
| Q4 23 | $-7.7M | — |
毛利率BIRKVNET
| Q3 25 | 62.8% | 20.9% | ||
| Q2 25 | 60.5% | — | ||
| Q1 25 | 57.7% | 25.2% | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | 59.5% | 21.3% | ||
| Q1 24 | 56.3% | 21.6% | ||
| Q4 23 | 61.0% | — |
营业利润率BIRKVNET
| Q3 25 | 23.0% | 0.5% | ||
| Q2 25 | 31.2% | — | ||
| Q1 25 | 30.5% | 0.1% | ||
| Q4 24 | 17.7% | — | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | 27.5% | 0.2% | ||
| Q1 24 | 27.5% | 0.2% | ||
| Q4 23 | 11.7% | — |
净利率BIRKVNET
| Q3 25 | 19.3% | -10.7% | ||
| Q2 25 | 20.3% | — | ||
| Q1 25 | 18.3% | -0.8% | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | — | -0.7% | ||
| Q2 24 | 13.2% | -0.4% | ||
| Q1 24 | 14.9% | -8.4% | ||
| Q4 23 | -2.4% | — |
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 | $355.4M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.9B | $890.8M |
| 总资产 | $5.3B | $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BIRKVNET
| Q3 25 | $355.4M | $492.1M | ||
| Q2 25 | $282.8M | — | ||
| Q1 25 | $254.2M | $544.3M | ||
| Q4 24 | $322.5M | — | ||
| Q3 24 | $384.3M | $219.5M | ||
| Q2 24 | $436.7M | $247.2M | ||
| Q1 24 | $189.8M | $246.9M | ||
| Q4 23 | $182.9M | — |
总债务BIRKVNET
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
股东权益BIRKVNET
| Q3 25 | $2.9B | $890.8M | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $3.0B | $927.8M | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $2.8B | $902.9M | ||
| Q2 24 | $2.8B | $900.6M | ||
| Q1 24 | $2.7B | $895.1M | ||
| Q4 23 | $2.6B | — |
总资产BIRKVNET
| Q3 25 | $5.3B | $6.1B | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.4B | $5.4B | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.3B | $4.3B | ||
| Q2 24 | $5.4B | $4.0B | ||
| Q1 24 | $5.2B | $3.9B | ||
| Q4 23 | $5.0B | — |
负债/权益比BIRKVNET
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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 | $415.0M | $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 | 4.09× | — |
| 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BIRKVNET
| Q3 25 | $415.0M | $113.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $27.0M | ||
| Q4 24 | $-12.6M | — | ||
| Q3 24 | $463.0M | $108.3M | ||
| Q2 24 | — | $55.8M | ||
| Q1 24 | — | $37.1M | ||
| Q4 23 | $-49.1M | — |
自由现金流BIRKVNET
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M | ||
| Q4 23 | — | — |
自由现金流率BIRKVNET
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% | ||
| Q4 23 | — | — |
资本支出强度BIRKVNET
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% | ||
| Q4 23 | — | — |
现金转化率BIRKVNET
| Q3 25 | 4.09× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.58× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
