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CREDIT ACCEPTANCE CORP（CACC）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
CREDIT ACCEPTANCE CORP的季度营收约是世纪互联的1.6倍（$579.9M vs $362.7M），CREDIT ACCEPTANCE CORP净利率更高（21.0% vs -10.7%，领先31.7%），CREDIT ACCEPTANCE CORP自由现金流更多（$268.9M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 6.8%）
Credit Acceptance是一家汽车金融服务提供商，主要提供汽车贷款及相关金融产品。公司通过覆盖全国的合作汽车经销商网络开展业务，设有“投资组合计划”和“采购计划”两大业务项目，可向汽车经销商提供资金，以此换取对应消费者贷款的后续服务权利。
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。
CACC vs VNET — 直观对比
营收规模更大
CACC
是对方的1.6倍
$362.7M
净利率更高
CACC
高出31.7%
-10.7%
自由现金流更多
CACC
多$462.0M
$-193.1M
两年增速更快
VNET
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $579.9M | $362.7M |
| 净利润 | $122.0M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 27.1% | 0.5% |
| 净利率 | 21.0% | -10.7% |
| 营收同比 | 2.5% | — |
| 净利润同比 | -19.7% | — |
| 每股收益（稀释后） | $10.87 | — |
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CACCVNET
| Q4 25 | $579.9M | — | ||
| Q3 25 | $582.4M | $362.7M | ||
| Q2 25 | $583.8M | — | ||
| Q1 25 | $571.1M | $309.5M | ||
| Q4 24 | $565.9M | — | ||
| Q3 24 | $550.3M | $302.2M | ||
| Q2 24 | $538.2M | $274.4M | ||
| Q1 24 | $508.0M | $262.9M |
净利润CACCVNET
| Q4 25 | $122.0M | — | ||
| Q3 25 | $108.2M | $-38.7M | ||
| Q2 25 | $87.4M | — | ||
| Q1 25 | $106.3M | $-2.4M | ||
| Q4 24 | $151.9M | — | ||
| Q3 24 | $78.8M | $-2.1M | ||
| Q2 24 | $-47.1M | $-1.1M | ||
| Q1 24 | $64.3M | $-22.0M |
毛利率CACCVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率CACCVNET
| Q4 25 | 27.1% | — | ||
| Q3 25 | 25.6% | 0.5% | ||
| Q2 25 | 20.2% | — | ||
| Q1 25 | 24.8% | 0.1% | ||
| Q4 24 | 33.9% | — | ||
| Q3 24 | 19.4% | 24.5% | ||
| Q2 24 | -10.3% | 0.2% | ||
| Q1 24 | 17.0% | 0.2% |
净利率CACCVNET
| Q4 25 | 21.0% | — | ||
| Q3 25 | 18.6% | -10.7% | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 18.6% | -0.8% | ||
| Q4 24 | 26.8% | — | ||
| Q3 24 | 14.3% | -0.7% | ||
| Q2 24 | -8.8% | -0.4% | ||
| Q1 24 | 12.7% | -8.4% |
每股收益（稀释后）CACCVNET
| Q4 25 | $10.87 | — | ||
| Q3 25 | $9.43 | — | ||
| Q2 25 | $7.42 | — | ||
| Q1 25 | $8.66 | — | ||
| Q4 24 | $12.28 | — | ||
| Q3 24 | $6.35 | — | ||
| Q2 24 | $-3.83 | — | ||
| Q1 24 | $5.08 | — |
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 | $22.8M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $890.8M |
| 总资产 | $8.6B | $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CACCVNET
| Q4 25 | $22.8M | — | ||
| Q3 25 | $15.9M | $492.1M | ||
| Q2 25 | $70.0M | — | ||
| Q1 25 | $528.8M | $544.3M | ||
| Q4 24 | $343.7M | — | ||
| Q3 24 | $159.7M | $219.5M | ||
| Q2 24 | $8.3M | $247.2M | ||
| Q1 24 | $8.4M | $246.9M |
总债务CACCVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CACCVNET
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.6B | $890.8M | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.7B | $927.8M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.6B | $902.9M | ||
| Q2 24 | $1.6B | $900.6M | ||
| Q1 24 | $1.7B | $895.1M |
总资产CACCVNET
| Q4 25 | $8.6B | — | ||
| Q3 25 | $8.6B | $6.1B | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $9.3B | $5.4B | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | $8.7B | $4.3B | ||
| Q2 24 | $8.3B | $4.0B | ||
| Q1 24 | $8.1B | $3.9B |
负债/权益比CACCVNET
| 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 | $269.3M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $268.9M | $-193.1M |
| 自由现金流率自由现金流/营收 | 46.4% | -53.2% |
| 资本支出强度资本支出/营收 | 0.1% | 84.6% |
| 现金转化率经营现金流/净利润 | 2.21× | — |
| 过去12个月自由现金流最近4个季度 | $1.1B | $-589.7M |
8季度趋势，按日历期对齐
经营现金流CACCVNET
| Q4 25 | $269.3M | — | ||
| Q3 25 | $299.4M | $113.8M | ||
| Q2 25 | $139.7M | — | ||
| Q1 25 | $346.2M | $27.0M | ||
| Q4 24 | $306.2M | — | ||
| Q3 24 | $317.7M | $108.3M | ||
| Q2 24 | $204.0M | $55.8M | ||
| Q1 24 | $310.0M | $37.1M |
自由现金流CACCVNET
| Q4 25 | $268.9M | — | ||
| Q3 25 | $298.8M | $-193.1M | ||
| Q2 25 | $139.4M | — | ||
| Q1 25 | $345.9M | $-220.0M | ||
| Q4 24 | $305.5M | — | ||
| Q3 24 | $317.3M | $-95.0M | ||
| Q2 24 | $203.6M | $-81.6M | ||
| Q1 24 | $309.7M | $-102.2M |
自由现金流率CACCVNET
| Q4 25 | 46.4% | — | ||
| Q3 25 | 51.3% | -53.2% | ||
| Q2 25 | 23.9% | — | ||
| Q1 25 | 60.6% | -71.1% | ||
| Q4 24 | 54.0% | — | ||
| Q3 24 | 57.7% | -31.4% | ||
| Q2 24 | 37.8% | -29.8% | ||
| Q1 24 | 61.0% | -38.9% |
资本支出强度CACCVNET
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.1% | 84.6% | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | 79.8% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.1% | 67.3% | ||
| Q2 24 | 0.1% | 50.1% | ||
| Q1 24 | 0.1% | 53.0% |
现金转化率CACCVNET
| Q4 25 | 2.21× | — | ||
| Q3 25 | 2.77× | — | ||
| Q2 25 | 1.60× | — | ||
| Q1 25 | 3.26× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 4.03× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 4.82× | — |
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
CACC
| Loans Receivable | $553.0M | 95% |
| Other | $26.9M | 5% |
VNET
暂无分部数据
