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康美（CNMD）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康美的1.1倍（$362.7M vs $317.0M），康美净利率更高（4.4% vs -10.7%，领先15.0%），过去两年世纪互联的营收复合增速更高（17.4% vs -2.3%）
康美公司是一家上市的美国医疗设备制造商，主营骨科、腹腔镜、普通外科相关医疗器械以及各类患者护理产品，总部现位于佛罗里达州拉戈，2022年7月前设于纽约州尤蒂卡。该品牌秉持以人为本的文化，以助力医疗合作方及其服务的患者为核心使命，在美国和墨西哥都设有生产基地。
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。
CNMD vs VNET — 直观对比
营收规模更大
VNET
是对方的1.1倍
$317.0M
净利率更高
CNMD
高出15.0%
-10.7%
两年增速更快
VNET
近两年复合增速
-2.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.0M | $362.7M |
| 净利润 | $13.8M | $-38.7M |
| 毛利率 | 57.9% | 20.9% |
| 营业利润率 | 8.0% | 0.5% |
| 净利率 | 4.4% | -10.7% |
| 营收同比 | -1.3% | — |
| 净利润同比 | 129.1% | — |
| 每股收益（稀释后） | $0.45 | — |
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CNMDVNET
| Q1 26 | $317.0M | — | ||
| Q4 25 | $373.2M | — | ||
| Q3 25 | $337.9M | $362.7M | ||
| Q2 25 | $342.3M | — | ||
| Q1 25 | $321.3M | $309.5M | ||
| Q4 24 | $345.9M | — | ||
| Q3 24 | $316.7M | $302.2M | ||
| Q2 24 | $332.1M | $274.4M |
净利润CNMDVNET
| Q1 26 | $13.8M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $2.9M | $-38.7M | ||
| Q2 25 | $21.4M | — | ||
| Q1 25 | $6.0M | $-2.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | $49.0M | $-2.1M | ||
| Q2 24 | $30.0M | $-1.1M |
毛利率CNMDVNET
| Q1 26 | 57.9% | — | ||
| Q4 25 | 58.5% | — | ||
| Q3 25 | 49.2% | 20.9% | ||
| Q2 25 | 55.0% | — | ||
| Q1 25 | 55.3% | 25.2% | ||
| Q4 24 | 57.3% | — | ||
| Q3 24 | 56.5% | 23.2% | ||
| Q2 24 | 55.3% | 21.3% |
营业利润率CNMDVNET
| Q1 26 | 8.0% | — | ||
| Q4 25 | 9.8% | — | ||
| Q3 25 | 3.5% | 0.5% | ||
| Q2 25 | 11.1% | — | ||
| Q1 25 | 5.0% | 0.1% | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | 20.7% | 24.5% | ||
| Q2 24 | 14.2% | 0.2% |
净利率CNMDVNET
| Q1 26 | 4.4% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.8% | -10.7% | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | 1.9% | -0.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 15.5% | -0.7% | ||
| Q2 24 | 9.0% | -0.4% |
每股收益（稀释后）CNMDVNET
| Q1 26 | $0.45 | — | ||
| Q4 25 | $0.54 | — | ||
| Q3 25 | $0.09 | — | ||
| Q2 25 | $0.69 | — | ||
| Q1 25 | $0.19 | — | ||
| Q4 24 | $1.09 | — | ||
| Q3 24 | $1.57 | — | ||
| Q2 24 | $0.96 | — |
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 | — | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $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CNMDVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $219.5M | ||
| Q2 24 | — | $247.2M |
总债务CNMDVNET
| Q1 26 | — | — | ||
| Q4 25 | $834.2M | — | ||
| Q3 25 | $853.0M | — | ||
| Q2 25 | $881.1M | — | ||
| Q1 25 | $891.4M | — | ||
| Q4 24 | $905.1M | — | ||
| Q3 24 | $940.1M | $1.2B | ||
| Q2 24 | $965.2M | — |
股东权益CNMDVNET
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | $890.8M | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $977.6M | $927.8M | ||
| Q4 24 | $962.7M | — | ||
| Q3 24 | $932.9M | $902.9M | ||
| Q2 24 | $881.8M | $900.6M |
总资产CNMDVNET
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | $6.1B | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | $5.4B | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | $4.3B | ||
| Q2 24 | $2.3B | $4.0B |
负债/权益比CNMDVNET
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.85× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 1.01× | 1.28× | ||
| Q2 24 | 1.09× | — |
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 | — | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -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 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流CNMDVNET
| Q1 26 | — | — | ||
| Q4 25 | $46.3M | — | ||
| Q3 25 | $53.7M | $113.8M | ||
| Q2 25 | $29.1M | — | ||
| Q1 25 | $41.5M | $27.0M | ||
| Q4 24 | $43.3M | — | ||
| Q3 24 | $51.2M | $108.3M | ||
| Q2 24 | $43.3M | $55.8M |
自由现金流CNMDVNET
| Q1 26 | — | — | ||
| Q4 25 | $41.2M | — | ||
| Q3 25 | $48.5M | $-193.1M | ||
| Q2 25 | $23.4M | — | ||
| Q1 25 | $37.8M | $-220.0M | ||
| Q4 24 | $39.3M | — | ||
| Q3 24 | $47.8M | $-95.0M | ||
| Q2 24 | $39.7M | $-81.6M |
自由现金流率CNMDVNET
| Q1 26 | — | — | ||
| Q4 25 | 11.0% | — | ||
| Q3 25 | 14.4% | -53.2% | ||
| Q2 25 | 6.8% | — | ||
| Q1 25 | 11.8% | -71.1% | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 15.1% | -31.4% | ||
| Q2 24 | 12.0% | -29.8% |
资本支出强度CNMDVNET
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.5% | 84.6% | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 1.2% | 79.8% | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 1.1% | 67.3% | ||
| Q2 24 | 1.1% | 50.1% |
现金转化率CNMDVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 18.78× | — | ||
| Q2 25 | 1.36× | — | ||
| Q1 25 | 6.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.05× | — | ||
| Q2 24 | 1.44× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
