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Celsius Holdings, Inc.（CELH）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
Celsius Holdings, Inc.的季度营收约是世纪互联的2.0倍（$721.6M vs $362.7M），Celsius Holdings, Inc.净利率更高（3.4% vs -10.7%，领先14.1%），Celsius Holdings, Inc.自由现金流更多（$-130.0M vs $-193.1M），过去两年Celsius Holdings, Inc.的营收复合增速更高（42.4% vs 17.4%）
Celsius Holdings Inc.是美国功能饮品企业，旗下Celsius品牌主打健身饮料、能量饮品系列，产品主打健康定位，公司CEO曾表示这一差异化优势是品牌取得市场成功的核心原因。
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。
CELH vs VNET — 直观对比
营收规模更大
CELH
是对方的2.0倍
$362.7M
净利率更高
CELH
高出14.1%
-10.7%
自由现金流更多
CELH
多$63.1M
$-193.1M
两年增速更快
CELH
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $721.6M | $362.7M |
| 净利润 | $24.7M | $-38.7M |
| 毛利率 | 47.4% | 20.9% |
| 营业利润率 | 3.6% | 0.5% |
| 净利率 | 3.4% | -10.7% |
| 营收同比 | 117.2% | — |
| 净利润同比 | 231.1% | — |
| 每股收益（稀释后） | $0.04 | — |
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CELHVNET
| Q4 25 | $721.6M | — | ||
| Q3 25 | $725.1M | $362.7M | ||
| Q2 25 | $739.3M | — | ||
| Q1 25 | $329.3M | $309.5M | ||
| Q4 24 | $332.2M | — | ||
| Q3 24 | $265.7M | $302.2M | ||
| Q2 24 | $402.0M | $274.4M | ||
| Q1 24 | $355.7M | $262.9M |
净利润CELHVNET
| Q4 25 | $24.7M | — | ||
| Q3 25 | $-61.0M | $-38.7M | ||
| Q2 25 | $99.9M | — | ||
| Q1 25 | $44.4M | $-2.4M | ||
| Q4 24 | $-18.9M | — | ||
| Q3 24 | $6.4M | $-2.1M | ||
| Q2 24 | $79.8M | $-1.1M | ||
| Q1 24 | $77.8M | $-22.0M |
毛利率CELHVNET
| Q4 25 | 47.4% | — | ||
| Q3 25 | 51.3% | 20.9% | ||
| Q2 25 | 51.5% | — | ||
| Q1 25 | 52.3% | 25.2% | ||
| Q4 24 | 50.2% | — | ||
| Q3 24 | 46.0% | 23.2% | ||
| Q2 24 | 52.0% | 21.3% | ||
| Q1 24 | 51.2% | 21.6% |
营业利润率CELHVNET
| Q4 25 | 3.6% | — | ||
| Q3 25 | -11.0% | 0.5% | ||
| Q2 25 | 19.3% | — | ||
| Q1 25 | 15.8% | 0.1% | ||
| Q4 24 | -5.6% | — | ||
| Q3 24 | -1.2% | 24.5% | ||
| Q2 24 | 23.4% | 0.2% | ||
| Q1 24 | 23.4% | 0.2% |
净利率CELHVNET
| Q4 25 | 3.4% | — | ||
| Q3 25 | -8.4% | -10.7% | ||
| Q2 25 | 13.5% | — | ||
| Q1 25 | 13.5% | -0.8% | ||
| Q4 24 | -5.7% | — | ||
| Q3 24 | 2.4% | -0.7% | ||
| Q2 24 | 19.8% | -0.4% | ||
| Q1 24 | 21.9% | -8.4% |
每股收益（稀释后）CELHVNET
| Q4 25 | $0.04 | — | ||
| Q3 25 | $-0.27 | — | ||
| Q2 25 | $0.33 | — | ||
| Q1 25 | $0.15 | — | ||
| Q4 24 | $-0.10 | — | ||
| Q3 24 | $0.00 | — | ||
| Q2 24 | $0.28 | — | ||
| Q1 24 | $0.27 | — |
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 | $398.9M | $492.1M |
| 总债务越低越好 | $676.9M | — |
| 股东权益账面价值 | $1.2B | $890.8M |
| 总资产 | $5.1B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资CELHVNET
| Q4 25 | $398.9M | — | ||
| Q3 25 | $806.0M | $492.1M | ||
| Q2 25 | $615.2M | — | ||
| Q1 25 | $977.3M | $544.3M | ||
| Q4 24 | $890.2M | — | ||
| Q3 24 | $903.7M | $219.5M | ||
| Q2 24 | $903.2M | $247.2M | ||
| Q1 24 | $879.5M | $246.9M |
总债务CELHVNET
| Q4 25 | $676.9M | — | ||
| Q3 25 | $870.5M | — | ||
| Q2 25 | $871.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CELHVNET
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $890.8M | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $443.1M | $927.8M | ||
| Q4 24 | $399.9M | — | ||
| Q3 24 | $423.6M | $902.9M | ||
| Q2 24 | $415.8M | $900.6M | ||
| Q1 24 | $338.2M | $895.1M |
总资产CELHVNET
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.3B | $6.1B | ||
| Q2 25 | $3.8B | — | ||
| Q1 25 | $1.9B | $5.4B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.7B | $4.3B | ||
| Q2 24 | $1.7B | $4.0B | ||
| Q1 24 | $1.6B | $3.9B |
负债/权益比CELHVNET
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.69× | — | ||
| 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 | $-119.4M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-130.0M | $-193.1M |
| 自由现金流率自由现金流/营收 | -18.0% | -53.2% |
| 资本支出强度资本支出/营收 | 1.5% | 84.6% |
| 现金转化率经营现金流/净利润 | -4.83× | — |
| 过去12个月自由现金流最近4个季度 | $323.4M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流CELHVNET
| Q4 25 | $-119.4M | — | ||
| Q3 25 | $331.8M | $113.8M | ||
| Q2 25 | $43.7M | — | ||
| Q1 25 | $103.4M | $27.0M | ||
| Q4 24 | $75.7M | — | ||
| Q3 24 | $12.9M | $108.3M | ||
| Q2 24 | $39.6M | $55.8M | ||
| Q1 24 | $134.6M | $37.1M |
自由现金流CELHVNET
| Q4 25 | $-130.0M | — | ||
| Q3 25 | $321.5M | $-193.1M | ||
| Q2 25 | $35.5M | — | ||
| Q1 25 | $96.4M | $-220.0M | ||
| Q4 24 | $70.3M | — | ||
| Q3 24 | $8.7M | $-95.0M | ||
| Q2 24 | $30.4M | $-81.6M | ||
| Q1 24 | $130.1M | $-102.2M |
自由现金流率CELHVNET
| Q4 25 | -18.0% | — | ||
| Q3 25 | 44.3% | -53.2% | ||
| Q2 25 | 4.8% | — | ||
| Q1 25 | 29.3% | -71.1% | ||
| Q4 24 | 21.2% | — | ||
| Q3 24 | 3.3% | -31.4% | ||
| Q2 24 | 7.6% | -29.8% | ||
| Q1 24 | 36.6% | -38.9% |
资本支出强度CELHVNET
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.4% | 84.6% | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 2.1% | 79.8% | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.6% | 67.3% | ||
| Q2 24 | 2.3% | 50.1% | ||
| Q1 24 | 1.3% | 53.0% |
现金转化率CELHVNET
| Q4 25 | -4.83× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 2.33× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.03× | — | ||
| Q2 24 | 0.50× | — | ||
| Q1 24 | 1.73× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
