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CBIZ, Inc.（CBZ）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
CBIZ, Inc.的季度营收约是世纪互联的2.3倍（$848.6M vs $362.7M），CBIZ, Inc.净利率更高（19.0% vs -10.7%，领先29.7%），CBIZ, Inc.自由现金流更多（$-28.5M vs $-193.1M），过去两年CBIZ, Inc.的营收复合增速更高（42.1% vs 17.4%）
CBIZ, Inc.是美国知名的金融、保险及咨询服务提供商，总部位于俄亥俄州独立市，为美国规模最大的会计、保险经纪、金融与咨询服务机构之一。集团在全美设有120多个办事处，拥有近7000名员工，1996年起在纽交所上市，1997年起使用股票代码CBZ交易。
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。
CBZ vs VNET — 直观对比
营收规模更大
CBZ
是对方的2.3倍
$362.7M
净利率更高
CBZ
高出29.7%
-10.7%
自由现金流更多
CBZ
多$164.6M
$-193.1M
两年增速更快
CBZ
近两年复合增速
17.4%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $848.6M | $362.7M |
| 净利润 | $161.6M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 23.2% | 0.5% |
| 净利率 | 19.0% | -10.7% |
| 营收同比 | 1.3% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $2.63 | — |
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CBZVNET
| Q1 26 | $848.6M | — | ||
| Q4 25 | $542.7M | — | ||
| Q3 25 | $693.8M | $362.7M | ||
| Q2 25 | $683.5M | — | ||
| Q1 25 | $838.0M | $309.5M | ||
| Q4 24 | $460.3M | — | ||
| Q3 24 | $438.9M | $302.2M | ||
| Q2 24 | $420.0M | $274.4M |
净利润CBZVNET
| Q1 26 | $161.6M | — | ||
| Q4 25 | $-79.4M | — | ||
| Q3 25 | $30.1M | $-38.7M | ||
| Q2 25 | $41.9M | — | ||
| Q1 25 | $122.8M | $-2.4M | ||
| Q4 24 | $-90.7M | — | ||
| Q3 24 | $35.1M | $-2.1M | ||
| Q2 24 | $19.8M | $-1.1M |
毛利率CBZVNET
| Q1 26 | — | — | ||
| Q4 25 | -9.4% | — | ||
| Q3 25 | 13.0% | 20.9% | ||
| Q2 25 | 12.9% | — | ||
| Q1 25 | 27.2% | 25.2% | ||
| Q4 24 | -13.4% | — | ||
| Q3 24 | 16.6% | 23.2% | ||
| Q2 24 | 12.8% | 21.3% |
营业利润率CBZVNET
| Q1 26 | 23.2% | — | ||
| Q4 25 | -15.7% | — | ||
| Q3 25 | 8.5% | 0.5% | ||
| Q2 25 | 8.8% | — | ||
| Q1 25 | 23.9% | 0.1% | ||
| Q4 24 | -23.2% | — | ||
| Q3 24 | 11.3% | 24.5% | ||
| Q2 24 | 7.5% | 0.2% |
净利率CBZVNET
| Q1 26 | 19.0% | — | ||
| Q4 25 | -14.6% | — | ||
| Q3 25 | 4.3% | -10.7% | ||
| Q2 25 | 6.1% | — | ||
| Q1 25 | 14.7% | -0.8% | ||
| Q4 24 | -19.7% | — | ||
| Q3 24 | 8.0% | -0.7% | ||
| Q2 24 | 4.7% | -0.4% |
每股收益（稀释后）CBZVNET
| Q1 26 | $2.63 | — | ||
| Q4 25 | $-1.22 | — | ||
| Q3 25 | $0.48 | — | ||
| Q2 25 | $0.66 | — | ||
| Q1 25 | $1.91 | — | ||
| Q4 24 | $-1.84 | — | ||
| Q3 24 | $0.70 | — | ||
| Q2 24 | $0.39 | — |
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 | $28.7M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.9B | $890.8M |
| 总资产 | $4.6B | $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CBZVNET
| Q1 26 | $28.7M | — | ||
| Q4 25 | $18.3M | — | ||
| Q3 25 | $17.0M | $492.1M | ||
| Q2 25 | $39.8M | — | ||
| Q1 25 | $8.8M | $544.3M | ||
| Q4 24 | $13.8M | — | ||
| Q3 24 | $1.1M | $219.5M | ||
| Q2 24 | $1.1M | $247.2M |
总债务CBZVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益CBZVNET
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | $890.8M | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | $927.8M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $927.9M | $902.9M | ||
| Q2 24 | $891.4M | $900.6M |
总资产CBZVNET
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.5B | $6.1B | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.6B | $5.4B | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $2.1B | $4.3B | ||
| Q2 24 | $2.2B | $4.0B |
负债/权益比CBZVNET
| 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 | $-25.5M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-28.5M | $-193.1M |
| 自由现金流率自由现金流/营收 | -3.4% | -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 | -0.16× | — |
| 过去12个月自由现金流最近4个季度 | $240.5M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流CBZVNET
| Q1 26 | $-25.5M | — | ||
| Q4 25 | $143.6M | — | ||
| Q3 25 | $24.0M | $113.8M | ||
| Q2 25 | $113.1M | — | ||
| Q1 25 | $-88.3M | $27.0M | ||
| Q4 24 | $55.5M | — | ||
| Q3 24 | $43.7M | $108.3M | ||
| Q2 24 | $88.2M | $55.8M |
自由现金流CBZVNET
| Q1 26 | $-28.5M | — | ||
| Q4 25 | $141.7M | — | ||
| Q3 25 | $22.1M | $-193.1M | ||
| Q2 25 | $105.2M | — | ||
| Q1 25 | $-93.4M | $-220.0M | ||
| Q4 24 | $52.3M | — | ||
| Q3 24 | $41.1M | $-95.0M | ||
| Q2 24 | $86.3M | $-81.6M |
自由现金流率CBZVNET
| Q1 26 | -3.4% | — | ||
| Q4 25 | 26.1% | — | ||
| Q3 25 | 3.2% | -53.2% | ||
| Q2 25 | 15.4% | — | ||
| Q1 25 | -11.2% | -71.1% | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 9.4% | -31.4% | ||
| Q2 24 | 20.5% | -29.8% |
资本支出强度CBZVNET
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | 84.6% | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 0.6% | 79.8% | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 0.6% | 67.3% | ||
| Q2 24 | 0.4% | 50.1% |
现金转化率CBZVNET
| Q1 26 | -0.16× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.79× | — | ||
| Q2 25 | 2.70× | — | ||
| Q1 25 | -0.72× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 4.45× | — |
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
CBZ
| Financial Services (1) | $740.3M | 87% |
| Benefits and Insurance Services | $108.2M | 13% |
VNET
暂无分部数据
