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Compass Diversified Holdings（CODI）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
Compass Diversified Holdings的季度营收约是世纪互联的1.3倍（$468.6M vs $362.7M），世纪互联净利率更高（-10.7% vs -16.8%，领先6.2%），Compass Diversified Holdings自由现金流更多（$36.9M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 6.8%）
Compass Diversified Holdings是一家上市控股公司，专注于收购和运营中端市场企业，业务覆盖消费品、工业制造、户外休闲、食品饮料等多个领域，通过与被投企业管理团队合作，推动长期运营增长与价值创造，主要服务北美市场。
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。
CODI vs VNET — 直观对比
营收规模更大
CODI
是对方的1.3倍
$362.7M
净利率更高
VNET
高出6.2%
-16.8%
自由现金流更多
CODI
多$229.9M
$-193.1M
两年增速更快
VNET
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $468.6M | $362.7M |
| 净利润 | $-78.8M | $-38.7M |
| 毛利率 | 43.1% | 20.9% |
| 营业利润率 | 9.8% | 0.5% |
| 净利率 | -16.8% | -10.7% |
| 营收同比 | -5.1% | — |
| 净利润同比 | -14.4% | — |
| 每股收益（稀释后） | $-0.91 | — |
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CODIVNET
| Q4 25 | $468.6M | — | ||
| Q3 25 | $472.6M | $362.7M | ||
| Q2 25 | $478.7M | — | ||
| Q1 25 | $453.8M | $309.5M | ||
| Q4 24 | $493.9M | — | ||
| Q3 24 | $456.6M | $302.2M | ||
| Q2 24 | $426.7M | $274.4M | ||
| Q1 24 | $410.8M | $262.9M |
净利润CODIVNET
| Q4 25 | $-78.8M | — | ||
| Q3 25 | $-74.0M | $-38.7M | ||
| Q2 25 | $-51.2M | — | ||
| Q1 25 | $-30.0M | $-2.4M | ||
| Q4 24 | $-68.9M | — | ||
| Q3 24 | $-36.0M | $-2.1M | ||
| Q2 24 | $-73.1M | $-1.1M | ||
| Q1 24 | $-56.2M | $-22.0M |
毛利率CODIVNET
| Q4 25 | 43.1% | — | ||
| Q3 25 | 44.0% | 20.9% | ||
| Q2 25 | 43.6% | — | ||
| Q1 25 | 43.2% | 25.2% | ||
| Q4 24 | 38.6% | — | ||
| Q3 24 | 43.1% | 23.2% | ||
| Q2 24 | 44.1% | 21.3% | ||
| Q1 24 | 42.6% | 21.6% |
营业利润率CODIVNET
| Q4 25 | 9.8% | — | ||
| Q3 25 | -2.3% | 0.5% | ||
| Q2 25 | -5.7% | — | ||
| Q1 25 | 0.8% | 0.1% | ||
| Q4 24 | -3.8% | — | ||
| Q3 24 | 1.8% | 24.5% | ||
| Q2 24 | 1.8% | 0.2% | ||
| Q1 24 | -2.9% | 0.2% |
净利率CODIVNET
| Q4 25 | -16.8% | — | ||
| Q3 25 | -15.7% | -10.7% | ||
| Q2 25 | -10.7% | — | ||
| Q1 25 | -6.6% | -0.8% | ||
| Q4 24 | -13.9% | — | ||
| Q3 24 | -7.9% | -0.7% | ||
| Q2 24 | -17.1% | -0.4% | ||
| Q1 24 | -13.7% | -8.4% |
每股收益（稀释后）CODIVNET
| Q4 25 | $-0.91 | — | ||
| Q3 25 | $-1.21 | — | ||
| Q2 25 | $-0.88 | — | ||
| Q1 25 | $-0.59 | — | ||
| Q4 24 | $-0.57 | — | ||
| Q3 24 | $-0.62 | — | ||
| Q2 24 | $-1.12 | — | ||
| Q1 24 | $-1.52 | — |
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 | $68.0M | $492.1M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $442.0M | $890.8M |
| 总资产 | $3.0B | $6.1B |
| 负债/权益比越低杠杆越低 | 4.25× | — |
8季度趋势，按日历期对齐
现金及短期投资CODIVNET
| Q4 25 | $68.0M | — | ||
| Q3 25 | $61.1M | $492.1M | ||
| Q2 25 | $73.8M | — | ||
| Q1 25 | $146.2M | $544.3M | ||
| Q4 24 | $59.7M | — | ||
| Q3 24 | $64.9M | $219.5M | ||
| Q2 24 | $61.5M | $247.2M | ||
| Q1 24 | $59.5M | $246.9M |
总债务CODIVNET
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | — |
股东权益CODIVNET
| Q4 25 | $442.0M | — | ||
| Q3 25 | $519.2M | $890.8M | ||
| Q2 25 | $601.9M | — | ||
| Q1 25 | $680.7M | $927.8M | ||
| Q4 24 | $678.6M | — | ||
| Q3 24 | $672.2M | $902.9M | ||
| Q2 24 | $711.3M | $900.6M | ||
| Q1 24 | $799.7M | $895.1M |
总资产CODIVNET
| Q4 25 | $3.0B | — | ||
| Q3 25 | $3.2B | $6.1B | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.4B | $5.4B | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.3B | $4.3B | ||
| Q2 24 | $3.2B | $4.0B | ||
| Q1 24 | $3.3B | $3.9B |
负债/权益比CODIVNET
| Q4 25 | 4.25× | — | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 3.09× | — | ||
| Q1 25 | 2.73× | — | ||
| Q4 24 | 2.61× | — | ||
| Q3 24 | 2.64× | 1.28× | ||
| Q2 24 | 2.42× | — | ||
| Q1 24 | 2.15× | — |
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 | $47.0M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $36.9M | $-193.1M |
| 自由现金流率自由现金流/营收 | 7.9% | -53.2% |
| 资本支出强度资本支出/营收 | 2.2% | 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 | $-51.1M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流CODIVNET
| Q4 25 | $47.0M | — | ||
| Q3 25 | $10.7M | $113.8M | ||
| Q2 25 | $-35.2M | — | ||
| Q1 25 | $-29.3M | $27.0M | ||
| Q4 24 | $-16.1M | — | ||
| Q3 24 | $-48.4M | $108.3M | ||
| Q2 24 | $-61.3M | $55.8M | ||
| Q1 24 | $-25.4M | $37.1M |
自由现金流CODIVNET
| Q4 25 | $36.9M | — | ||
| Q3 25 | $481.0K | $-193.1M | ||
| Q2 25 | $-46.0M | — | ||
| Q1 25 | $-42.4M | $-220.0M | ||
| Q4 24 | $-39.0M | — | ||
| Q3 24 | $-63.5M | $-95.0M | ||
| Q2 24 | $-72.2M | $-81.6M | ||
| Q1 24 | $-33.1M | $-102.2M |
自由现金流率CODIVNET
| Q4 25 | 7.9% | — | ||
| Q3 25 | 0.1% | -53.2% | ||
| Q2 25 | -9.6% | — | ||
| Q1 25 | -9.4% | -71.1% | ||
| Q4 24 | -7.9% | — | ||
| Q3 24 | -13.9% | -31.4% | ||
| Q2 24 | -16.9% | -29.8% | ||
| Q1 24 | -8.1% | -38.9% |
资本支出强度CODIVNET
| Q4 25 | 2.2% | — | ||
| Q3 25 | 2.2% | 84.6% | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 2.9% | 79.8% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 3.3% | 67.3% | ||
| Q2 24 | 2.6% | 50.1% | ||
| Q1 24 | 1.9% | 53.0% |
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
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 2% |
VNET
暂无分部数据
