vs
CALIX, INC（CALX）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CALIX, INC的1.3倍（$362.7M vs $280.0M），CALIX, INC净利率更高（4.0% vs -10.7%，领先14.7%），CALIX, INC自由现金流更多（$6.5M vs $-193.1M），过去两年CALIX, INC的营收复合增速更高（18.9% vs 17.4%）
Calix是1999年成立、总部位于美国加利福尼亚州圣何塞的电信企业，专注于提供软件平台、系统及相关服务，为宽带业务的部署落地提供技术支撑，助力运营商为用户提供稳定高效的网络接入服务。
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。
CALX vs VNET — 直观对比
营收规模更大
VNET
是对方的1.3倍
$280.0M
净利率更高
CALX
高出14.7%
-10.7%
自由现金流更多
CALX
多$199.6M
$-193.1M
两年增速更快
CALX
近两年复合增速
17.4%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $280.0M | $362.7M |
| 净利润 | $11.2M | $-38.7M |
| 毛利率 | 56.9% | 20.9% |
| 营业利润率 | 47.6% | 0.5% |
| 净利率 | 4.0% | -10.7% |
| 营收同比 | 27.1% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.16 | — |
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CALXVNET
| Q1 26 | $280.0M | — | ||
| Q4 25 | $272.4M | — | ||
| Q3 25 | $265.4M | $362.7M | ||
| Q2 25 | $241.9M | — | ||
| Q1 25 | $220.2M | $309.5M | ||
| Q4 24 | $206.1M | — | ||
| Q3 24 | $200.9M | $302.2M | ||
| Q2 24 | $198.1M | $274.4M |
净利润CALXVNET
| Q1 26 | $11.2M | — | ||
| Q4 25 | $7.2M | — | ||
| Q3 25 | $15.7M | $-38.7M | ||
| Q2 25 | $-199.0K | — | ||
| Q1 25 | $-4.8M | $-2.4M | ||
| Q4 24 | $-17.9M | — | ||
| Q3 24 | $-4.0M | $-2.1M | ||
| Q2 24 | $-8.0M | $-1.1M |
毛利率CALXVNET
| Q1 26 | 56.9% | — | ||
| Q4 25 | 57.7% | — | ||
| Q3 25 | 57.3% | 20.9% | ||
| Q2 25 | 56.3% | — | ||
| Q1 25 | 55.7% | 25.2% | ||
| Q4 24 | 55.0% | — | ||
| Q3 24 | 54.8% | 23.2% | ||
| Q2 24 | 54.3% | 21.3% |
营业利润率CALXVNET
| Q1 26 | 47.6% | — | ||
| Q4 25 | 3.4% | — | ||
| Q3 25 | 6.6% | 0.5% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | -2.8% | 0.1% | ||
| Q4 24 | -9.1% | — | ||
| Q3 24 | -5.4% | 24.5% | ||
| Q2 24 | -5.7% | 0.2% |
净利率CALXVNET
| Q1 26 | 4.0% | — | ||
| Q4 25 | 2.6% | — | ||
| Q3 25 | 5.9% | -10.7% | ||
| Q2 25 | -0.1% | — | ||
| Q1 25 | -2.2% | -0.8% | ||
| Q4 24 | -8.7% | — | ||
| Q3 24 | -2.0% | -0.7% | ||
| Q2 24 | -4.0% | -0.4% |
每股收益（稀释后）CALXVNET
| Q1 26 | $0.16 | — | ||
| Q4 25 | $0.11 | — | ||
| Q3 25 | $0.22 | — | ||
| Q2 25 | $0.00 | — | ||
| Q1 25 | $-0.07 | — | ||
| Q4 24 | $-0.27 | — | ||
| Q3 24 | $-0.06 | — | ||
| Q2 24 | $-0.12 | — |
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 | $54.6M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $738.0M | $890.8M |
| 总资产 | — | $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CALXVNET
| Q1 26 | $54.6M | — | ||
| Q4 25 | $143.1M | — | ||
| Q3 25 | $95.0M | $492.1M | ||
| Q2 25 | $76.5M | — | ||
| Q1 25 | $42.3M | $544.3M | ||
| Q4 24 | $43.2M | — | ||
| Q3 24 | $62.4M | $219.5M | ||
| Q2 24 | $84.5M | $247.2M |
总债务CALXVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益CALXVNET
| Q1 26 | $738.0M | — | ||
| Q4 25 | $859.2M | — | ||
| Q3 25 | $822.5M | $890.8M | ||
| Q2 25 | $772.7M | — | ||
| Q1 25 | $767.2M | $927.8M | ||
| Q4 24 | $780.9M | — | ||
| Q3 24 | $778.7M | $902.9M | ||
| Q2 24 | $754.2M | $900.6M |
总资产CALXVNET
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $976.4M | $6.1B | ||
| Q2 25 | $921.4M | — | ||
| Q1 25 | $917.1M | $5.4B | ||
| Q4 24 | $939.3M | — | ||
| Q3 24 | $937.5M | $4.3B | ||
| Q2 24 | $917.9M | $4.0B |
负债/权益比CALXVNET
| Q1 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 | $14.6M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $6.5M | $-193.1M |
| 自由现金流率自由现金流/营收 | 2.3% | -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 | 1.31× | — |
| 过去12个月自由现金流最近4个季度 | $109.1M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流CALXVNET
| Q1 26 | $14.6M | — | ||
| Q4 25 | $46.0M | — | ||
| Q3 25 | $32.3M | $113.8M | ||
| Q2 25 | $39.4M | — | ||
| Q1 25 | $17.2M | $27.0M | ||
| Q4 24 | $15.4M | — | ||
| Q3 24 | $16.0M | $108.3M | ||
| Q2 24 | $22.3M | $55.8M |
自由现金流CALXVNET
| Q1 26 | $6.5M | — | ||
| Q4 25 | $40.3M | — | ||
| Q3 25 | $26.7M | $-193.1M | ||
| Q2 25 | $35.6M | — | ||
| Q1 25 | $12.9M | $-220.0M | ||
| Q4 24 | $10.2M | — | ||
| Q3 24 | $12.8M | $-95.0M | ||
| Q2 24 | $16.4M | $-81.6M |
自由现金流率CALXVNET
| Q1 26 | 2.3% | — | ||
| Q4 25 | 14.8% | — | ||
| Q3 25 | 10.1% | -53.2% | ||
| Q2 25 | 14.7% | — | ||
| Q1 25 | 5.9% | -71.1% | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 6.3% | -31.4% | ||
| Q2 24 | 8.3% | -29.8% |
资本支出强度CALXVNET
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | — | ||
| Q3 25 | 2.1% | 84.6% | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 2.0% | 79.8% | ||
| Q4 24 | 2.5% | — | ||
| Q3 24 | 1.6% | 67.3% | ||
| Q2 24 | 3.0% | 50.1% |
现金转化率CALXVNET
| Q1 26 | 1.31× | — | ||
| Q4 25 | 6.38× | — | ||
| Q3 25 | 2.06× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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
CALX
| Appliance | $232.8M | 83% |
| Software and service | $47.1M | 17% |
VNET
暂无分部数据
