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Blue Bird Corp（BLBD）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Blue Bird Corp的1.1倍（$362.7M vs $333.1M），Blue Bird Corp净利率更高（9.2% vs -10.7%，领先19.9%），Blue Bird Corp自由现金流更多（$31.1M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -1.9%）
蓝鸟公司是美国知名客车制造企业，总部位于佐治亚州福特瓦利，主打产品为校车，同时业务覆盖多种客车类型的生产，包括城市公交、旅居房车，以及移动图书馆、流动警务指挥中心等特种车辆。
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。
BLBD vs VNET — 直观对比
营收规模更大
VNET
是对方的1.1倍
$333.1M
净利率更高
BLBD
高出19.9%
-10.7%
自由现金流更多
BLBD
多$224.2M
$-193.1M
两年增速更快
VNET
近两年复合增速
-1.9%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $333.1M | $362.7M |
| 净利润 | $30.8M | $-38.7M |
| 毛利率 | 21.4% | 20.9% |
| 营业利润率 | 11.3% | 0.5% |
| 净利率 | 9.2% | -10.7% |
| 营收同比 | 6.1% | — |
| 净利润同比 | 7.1% | — |
| 每股收益（稀释后） | $0.94 | — |
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BLBDVNET
| Q4 25 | $333.1M | — | ||
| Q3 25 | $409.4M | $362.7M | ||
| Q2 25 | $398.0M | — | ||
| Q1 25 | $358.9M | $309.5M | ||
| Q4 24 | $313.9M | — | ||
| Q3 24 | $350.2M | $302.2M | ||
| Q2 24 | $333.4M | $274.4M | ||
| Q1 24 | $345.9M | $262.9M |
净利润BLBDVNET
| Q4 25 | $30.8M | — | ||
| Q3 25 | $36.5M | $-38.7M | ||
| Q2 25 | $36.5M | — | ||
| Q1 25 | $26.0M | $-2.4M | ||
| Q4 24 | $28.7M | — | ||
| Q3 24 | $24.7M | $-2.1M | ||
| Q2 24 | $28.7M | $-1.1M | ||
| Q1 24 | $26.0M | $-22.0M |
毛利率BLBDVNET
| Q4 25 | 21.4% | — | ||
| Q3 25 | 21.1% | 20.9% | ||
| Q2 25 | 21.6% | — | ||
| Q1 25 | 19.7% | 25.2% | ||
| Q4 24 | 19.2% | — | ||
| Q3 24 | 17.0% | 23.2% | ||
| Q2 24 | 20.8% | 21.3% | ||
| Q1 24 | 18.4% | 21.6% |
营业利润率BLBDVNET
| Q4 25 | 11.3% | — | ||
| Q3 25 | 12.3% | 0.5% | ||
| Q2 25 | 12.6% | — | ||
| Q1 25 | 9.4% | 0.1% | ||
| Q4 24 | 10.5% | — | ||
| Q3 24 | 7.3% | 24.5% | ||
| Q2 24 | 11.9% | 0.2% | ||
| Q1 24 | 10.4% | 0.2% |
净利率BLBDVNET
| Q4 25 | 9.2% | — | ||
| Q3 25 | 8.9% | -10.7% | ||
| Q2 25 | 9.2% | — | ||
| Q1 25 | 7.3% | -0.8% | ||
| Q4 24 | 9.2% | — | ||
| Q3 24 | 7.0% | -0.7% | ||
| Q2 24 | 8.6% | -0.4% | ||
| Q1 24 | 7.5% | -8.4% |
每股收益（稀释后）BLBDVNET
| Q4 25 | $0.94 | — | ||
| Q3 25 | $1.11 | — | ||
| Q2 25 | $1.12 | — | ||
| Q1 25 | $0.79 | — | ||
| Q4 24 | $0.86 | — | ||
| Q3 24 | $0.71 | — | ||
| Q2 24 | $0.85 | — | ||
| Q1 24 | $0.79 | — |
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 | $241.7M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $271.4M | $890.8M |
| 总资产 | $642.3M | $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BLBDVNET
| Q4 25 | $241.7M | — | ||
| Q3 25 | $229.3M | $492.1M | ||
| Q2 25 | $173.1M | — | ||
| Q1 25 | $130.7M | $544.3M | ||
| Q4 24 | $136.1M | — | ||
| Q3 24 | $127.7M | $219.5M | ||
| Q2 24 | $88.4M | $247.2M | ||
| Q1 24 | $93.1M | $246.9M |
总债务BLBDVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BLBDVNET
| Q4 25 | $271.4M | — | ||
| Q3 25 | $255.4M | $890.8M | ||
| Q2 25 | $221.8M | — | ||
| Q1 25 | $190.4M | $927.8M | ||
| Q4 24 | $179.7M | — | ||
| Q3 24 | $159.6M | $902.9M | ||
| Q2 24 | $137.3M | $900.6M | ||
| Q1 24 | $105.8M | $895.1M |
总资产BLBDVNET
| Q4 25 | $642.3M | — | ||
| Q3 25 | $625.3M | $6.1B | ||
| Q2 25 | $575.5M | — | ||
| Q1 25 | $543.7M | $5.4B | ||
| Q4 24 | $535.2M | — | ||
| Q3 24 | $524.9M | $4.3B | ||
| Q2 24 | $468.1M | $4.0B | ||
| Q1 24 | $456.5M | $3.9B |
负债/权益比BLBDVNET
| 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 | $36.6M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $-193.1M |
| 自由现金流率自由现金流/营收 | 9.3% | -53.2% |
| 资本支出强度资本支出/营收 | 1.6% | 84.6% |
| 现金转化率经营现金流/净利润 | 1.19× | — |
| 过去12个月自由现金流最近4个季度 | $162.6M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流BLBDVNET
| Q4 25 | $36.6M | — | ||
| Q3 25 | $65.1M | $113.8M | ||
| Q2 25 | $56.9M | — | ||
| Q1 25 | $27.8M | $27.0M | ||
| Q4 24 | $26.4M | — | ||
| Q3 24 | $55.4M | $108.3M | ||
| Q2 24 | $989.0K | $55.8M | ||
| Q1 24 | $54.6M | $37.1M |
自由现金流BLBDVNET
| Q4 25 | $31.1M | — | ||
| Q3 25 | $60.5M | $-193.1M | ||
| Q2 25 | $52.3M | — | ||
| Q1 25 | $18.7M | $-220.0M | ||
| Q4 24 | $21.8M | — | ||
| Q3 24 | $50.2M | $-95.0M | ||
| Q2 24 | $-3.5M | $-81.6M | ||
| Q1 24 | $51.8M | $-102.2M |
自由现金流率BLBDVNET
| Q4 25 | 9.3% | — | ||
| Q3 25 | 14.8% | -53.2% | ||
| Q2 25 | 13.1% | — | ||
| Q1 25 | 5.2% | -71.1% | ||
| Q4 24 | 7.0% | — | ||
| Q3 24 | 14.3% | -31.4% | ||
| Q2 24 | -1.1% | -29.8% | ||
| Q1 24 | 15.0% | -38.9% |
资本支出强度BLBDVNET
| Q4 25 | 1.6% | — | ||
| Q3 25 | 1.1% | 84.6% | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 2.5% | 79.8% | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 1.5% | 67.3% | ||
| Q2 24 | 1.3% | 50.1% | ||
| Q1 24 | 0.8% | 53.0% |
现金转化率BLBDVNET
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 1.56× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 0.92× | — | ||
| Q3 24 | 2.24× | — | ||
| Q2 24 | 0.03× | — | ||
| Q1 24 | 2.10× | — |
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
BLBD
| Alternative Fuel Buses | $151.4M | 45% |
| Diesel Buses | $144.9M | 43% |
| Parts | $24.8M | 7% |
| Other | $12.1M | 4% |
VNET
暂无分部数据
