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CRA INTERNATIONAL, INC.（CRAI）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CRA INTERNATIONAL, INC.的1.8倍（$362.7M vs $197.0M），CRA INTERNATIONAL, INC.净利率更高（6.7% vs -10.7%，领先17.4%），过去两年世纪互联的营收复合增速更高（17.4% vs 7.1%）
CRA International是一家全球性咨询企业，总部位于美国波士顿，核心业务涵盖专家证言、诉讼支持、战略咨询与商业分析等领域，服务对象包括律师事务所、各类企业、会计师事务所以及政府部门。
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。
CRAI vs VNET — 直观对比
营收规模更大
VNET
是对方的1.8倍
$197.0M
净利率更高
CRAI
高出17.4%
-10.7%
两年增速更快
VNET
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $197.0M | $362.7M |
| 净利润 | $13.2M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 10.5% | 0.5% |
| 净利率 | 6.7% | -10.7% |
| 营收同比 | 11.6% | — |
| 净利润同比 | -12.0% | — |
| 每股收益（稀释后） | $1.99 | — |
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CRAIVNET
| Q4 25 | $197.0M | — | ||
| Q3 25 | $185.9M | $362.7M | ||
| Q2 25 | $186.9M | — | ||
| Q1 25 | $181.9M | $309.5M | ||
| Q4 24 | $176.4M | — | ||
| Q3 24 | $167.7M | $302.2M | ||
| Q2 24 | $171.4M | $274.4M | ||
| Q1 24 | $171.8M | $262.9M |
净利润CRAIVNET
| Q4 25 | $13.2M | — | ||
| Q3 25 | $11.5M | $-38.7M | ||
| Q2 25 | $12.1M | — | ||
| Q1 25 | $18.0M | $-2.4M | ||
| Q4 24 | $15.0M | — | ||
| Q3 24 | $11.4M | $-2.1M | ||
| Q2 24 | $6.5M | $-1.1M | ||
| Q1 24 | $13.7M | $-22.0M |
毛利率CRAIVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率CRAIVNET
| Q4 25 | 10.5% | — | ||
| Q3 25 | 9.3% | 0.5% | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 14.0% | 0.1% | ||
| Q4 24 | 12.2% | — | ||
| Q3 24 | 11.0% | 24.5% | ||
| Q2 24 | 6.6% | 0.2% | ||
| Q1 24 | 11.4% | 0.2% |
净利率CRAIVNET
| Q4 25 | 6.7% | — | ||
| Q3 25 | 6.2% | -10.7% | ||
| Q2 25 | 6.5% | — | ||
| Q1 25 | 9.9% | -0.8% | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | 6.8% | -0.7% | ||
| Q2 24 | 3.8% | -0.4% | ||
| Q1 24 | 8.0% | -8.4% |
每股收益（稀释后）CRAIVNET
| Q4 25 | $1.99 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $18.2M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $213.6M | $890.8M |
| 总资产 | $628.9M | $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CRAIVNET
| Q4 25 | $18.2M | — | ||
| Q3 25 | $22.5M | $492.1M | ||
| Q2 25 | $19.4M | — | ||
| Q1 25 | $25.6M | $544.3M | ||
| Q4 24 | $26.7M | — | ||
| Q3 24 | $24.5M | $219.5M | ||
| Q2 24 | $24.6M | $247.2M | ||
| Q1 24 | $37.1M | $246.9M |
总债务CRAIVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CRAIVNET
| Q4 25 | $213.6M | — | ||
| Q3 25 | $201.7M | $890.8M | ||
| Q2 25 | $197.0M | — | ||
| Q1 25 | $227.3M | $927.8M | ||
| Q4 24 | $212.1M | — | ||
| Q3 24 | $204.5M | $902.9M | ||
| Q2 24 | $191.7M | $900.6M | ||
| Q1 24 | $211.8M | $895.1M |
总资产CRAIVNET
| Q4 25 | $628.9M | — | ||
| Q3 25 | $629.0M | $6.1B | ||
| Q2 25 | $606.8M | — | ||
| Q1 25 | $590.4M | $5.4B | ||
| Q4 24 | $571.4M | — | ||
| Q3 24 | $582.3M | $4.3B | ||
| Q2 24 | $546.0M | $4.0B | ||
| Q1 24 | $552.5M | $3.9B |
负债/权益比CRAIVNET
| 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 | $22.4M | $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 | 1.70× | — |
| 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CRAIVNET
| Q4 25 | $22.4M | — | ||
| Q3 25 | $36.5M | $113.8M | ||
| Q2 25 | $5.9M | — | ||
| Q1 25 | $-80.0M | $27.0M | ||
| Q4 24 | $79.4M | — | ||
| Q3 24 | $31.6M | $108.3M | ||
| Q2 24 | $1.8M | $55.8M | ||
| Q1 24 | $-63.1M | $37.1M |
自由现金流CRAIVNET
| Q4 25 | — | — | ||
| Q3 25 | $35.9M | $-193.1M | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $-81.0M | $-220.0M | ||
| Q4 24 | $68.8M | — | ||
| Q3 24 | $28.6M | $-95.0M | ||
| Q2 24 | $-509.0K | $-81.6M | ||
| Q1 24 | $-63.8M | $-102.2M |
自由现金流率CRAIVNET
| Q4 25 | — | — | ||
| Q3 25 | 19.3% | -53.2% | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | -44.5% | -71.1% | ||
| Q4 24 | 39.0% | — | ||
| Q3 24 | 17.0% | -31.4% | ||
| Q2 24 | -0.3% | -29.8% | ||
| Q1 24 | -37.1% | -38.9% |
资本支出强度CRAIVNET
| Q4 25 | — | — | ||
| Q3 25 | 0.3% | 84.6% | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.5% | 79.8% | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | 1.8% | 67.3% | ||
| Q2 24 | 1.4% | 50.1% | ||
| Q1 24 | 0.4% | 53.0% |
现金转化率CRAIVNET
| Q4 25 | 1.70× | — | ||
| Q3 25 | 3.19× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | -4.44× | — | ||
| Q4 24 | 5.30× | — | ||
| Q3 24 | 2.76× | — | ||
| Q2 24 | 0.28× | — | ||
| Q1 24 | -4.61× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
