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CLOVER HEALTH INVESTMENTS, CORP.（CLOV）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
CLOVER HEALTH INVESTMENTS, CORP.的季度营收约是世纪互联的1.3倍（$487.7M vs $362.7M），CLOVER HEALTH INVESTMENTS, CORP.净利率更高（-10.1% vs -10.7%，领先0.6%），CLOVER HEALTH INVESTMENTS, CORP.自由现金流更多（$-69.0M vs $-193.1M），过去两年CLOVER HEALTH INVESTMENTS, CORP.的营收复合增速更高（18.6% vs 17.4%）
克利弗健康投资公司是2014年成立的美国医疗保健企业，主营联邦医疗保险优势计划保险产品，是与美国政府直接签约合作的机构。目前公司为美国11个州的联邦医疗保险参保人提供健康管理服务，并已于2021年1月8日公开上市。
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。
CLOV vs VNET — 直观对比
营收规模更大
CLOV
是对方的1.3倍
$362.7M
净利率更高
CLOV
高出0.6%
-10.7%
自由现金流更多
CLOV
多$124.1M
$-193.1M
两年增速更快
CLOV
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $487.7M | $362.7M |
| 净利润 | $-49.3M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | -10.1% | 0.5% |
| 净利率 | -10.1% | -10.7% |
| 营收同比 | 44.7% | — |
| 净利润同比 | -123.2% | — |
| 每股收益（稀释后） | — | — |
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CLOVVNET
| Q4 25 | $487.7M | — | ||
| Q3 25 | $496.6M | $362.7M | ||
| Q2 25 | $477.6M | — | ||
| Q1 25 | $462.3M | $309.5M | ||
| Q4 24 | $337.0M | — | ||
| Q3 24 | $331.0M | $302.2M | ||
| Q2 24 | $356.3M | $274.4M | ||
| Q1 24 | $346.9M | $262.9M |
净利润CLOVVNET
| Q4 25 | $-49.3M | — | ||
| Q3 25 | $-24.4M | $-38.7M | ||
| Q2 25 | $-10.6M | — | ||
| Q1 25 | $-1.3M | $-2.4M | ||
| Q4 24 | $-22.1M | — | ||
| Q3 24 | $-9.2M | $-2.1M | ||
| Q2 24 | $7.4M | $-1.1M | ||
| Q1 24 | $-19.2M | $-22.0M |
毛利率CLOVVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | 24.5% | 23.2% | ||
| Q2 24 | 30.3% | 21.3% | ||
| Q1 24 | 23.6% | 21.6% |
营业利润率CLOVVNET
| Q4 25 | -10.1% | — | ||
| Q3 25 | -4.9% | 0.5% | ||
| Q2 25 | -2.2% | — | ||
| Q1 25 | -0.3% | 0.1% | ||
| Q4 24 | -6.4% | — | ||
| Q3 24 | -2.7% | 24.5% | ||
| Q2 24 | 2.0% | 0.2% | ||
| Q1 24 | -6.5% | 0.2% |
净利率CLOVVNET
| Q4 25 | -10.1% | — | ||
| Q3 25 | -4.9% | -10.7% | ||
| Q2 25 | -2.2% | — | ||
| Q1 25 | -0.3% | -0.8% | ||
| Q4 24 | -6.6% | — | ||
| Q3 24 | -2.8% | -0.7% | ||
| Q2 24 | 2.1% | -0.4% | ||
| Q1 24 | -5.5% | -8.4% |
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 | $78.3M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $308.7M | $890.8M |
| 总资产 | $541.0M | $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CLOVVNET
| Q4 25 | $78.3M | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | $194.5M | — | ||
| Q3 24 | $288.0M | $219.5M | ||
| Q2 24 | $254.8M | $247.2M | ||
| Q1 24 | $208.3M | $246.9M |
总债务CLOVVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CLOVVNET
| Q4 25 | $308.7M | — | ||
| Q3 25 | $340.9M | $890.8M | ||
| Q2 25 | $344.2M | — | ||
| Q1 25 | $336.1M | $927.8M | ||
| Q4 24 | $341.1M | — | ||
| Q3 24 | $342.2M | $902.9M | ||
| Q2 24 | $324.9M | $900.6M | ||
| Q1 24 | $292.5M | $895.1M |
总资产CLOVVNET
| Q4 25 | $541.0M | — | ||
| Q3 25 | $559.7M | $6.1B | ||
| Q2 25 | $575.0M | — | ||
| Q1 25 | $583.7M | $5.4B | ||
| Q4 24 | $580.7M | — | ||
| Q3 24 | $653.0M | $4.3B | ||
| Q2 24 | $674.2M | $4.0B | ||
| Q1 24 | $671.8M | $3.9B |
负债/权益比CLOVVNET
| 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 | $-66.9M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-69.0M | $-193.1M |
| 自由现金流率自由现金流/营收 | -14.1% | -53.2% |
| 资本支出强度资本支出/营收 | 0.4% | 84.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-69.2M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流CLOVVNET
| Q4 25 | $-66.9M | — | ||
| Q3 25 | $12.1M | $113.8M | ||
| Q2 25 | $5.4M | — | ||
| Q1 25 | $-16.3M | $27.0M | ||
| Q4 24 | $34.8M | — | ||
| Q3 24 | $50.0M | $108.3M | ||
| Q2 24 | $44.8M | $55.8M | ||
| Q1 24 | $25.9M | $37.1M |
自由现金流CLOVVNET
| Q4 25 | $-69.0M | — | ||
| Q3 25 | $11.4M | $-193.1M | ||
| Q2 25 | $4.8M | — | ||
| Q1 25 | $-16.5M | $-220.0M | ||
| Q4 24 | $33.3M | — | ||
| Q3 24 | $49.6M | $-95.0M | ||
| Q2 24 | $44.4M | $-81.6M | ||
| Q1 24 | $25.5M | $-102.2M |
自由现金流率CLOVVNET
| Q4 25 | -14.1% | — | ||
| Q3 25 | 2.3% | -53.2% | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | -3.6% | -71.1% | ||
| Q4 24 | 9.9% | — | ||
| Q3 24 | 15.0% | -31.4% | ||
| Q2 24 | 12.5% | -29.8% | ||
| Q1 24 | 7.3% | -38.9% |
资本支出强度CLOVVNET
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.1% | 84.6% | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.0% | 79.8% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.1% | 67.3% | ||
| Q2 24 | 0.1% | 50.1% | ||
| Q1 24 | 0.1% | 53.0% |
现金转化率CLOVVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.04× | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
