vs
CORVEL CORP（CRVL）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CORVEL CORP的1.5倍（$362.7M vs $235.6M），CORVEL CORP净利率更高（10.3% vs -10.7%，领先20.9%），CORVEL CORP自由现金流更多（$35.2M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 6.6%）
Corvel Corp是一家总部位于美国的综合解决方案供应商，核心业务涵盖工伤赔偿、医疗管理与风险缓释，服务客户包括保险公司、自保雇主及公共部门机构，可帮助客户控制医疗成本、提升护理效果、优化行政运营流程。
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。
CRVL vs VNET — 直观对比
营收规模更大
VNET
是对方的1.5倍
$235.6M
净利率更高
CRVL
高出20.9%
-10.7%
自由现金流更多
CRVL
多$228.3M
$-193.1M
两年增速更快
VNET
近两年复合增速
6.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $235.6M | $362.7M |
| 净利润 | $24.2M | $-38.7M |
| 毛利率 | 23.3% | 20.9% |
| 营业利润率 | 13.7% | 0.5% |
| 净利率 | 10.3% | -10.7% |
| 营收同比 | 3.4% | — |
| 净利润同比 | 1.7% | — |
| 每股收益（稀释后） | $0.47 | — |
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CRVLVNET
| Q4 25 | $235.6M | — | ||
| Q3 25 | $239.6M | $362.7M | ||
| Q2 25 | $234.7M | — | ||
| Q1 25 | $231.5M | $309.5M | ||
| Q4 24 | $228.0M | — | ||
| Q3 24 | $224.4M | $302.2M | ||
| Q2 24 | $211.7M | $274.4M | ||
| Q1 24 | $207.2M | $262.9M |
净利润CRVLVNET
| Q4 25 | $24.2M | — | ||
| Q3 25 | $27.9M | $-38.7M | ||
| Q2 25 | $27.2M | — | ||
| Q1 25 | $26.4M | $-2.4M | ||
| Q4 24 | $23.8M | — | ||
| Q3 24 | $23.4M | $-2.1M | ||
| Q2 24 | $21.6M | $-1.1M | ||
| Q1 24 | $19.5M | $-22.0M |
毛利率CRVLVNET
| Q4 25 | 23.3% | — | ||
| Q3 25 | 24.3% | 20.9% | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 25.0% | 25.2% | ||
| Q4 24 | 23.2% | — | ||
| Q3 24 | 22.6% | 23.2% | ||
| Q2 24 | 22.7% | 21.3% | ||
| Q1 24 | 20.9% | 21.6% |
营业利润率CRVLVNET
| Q4 25 | 13.7% | — | ||
| Q3 25 | 15.0% | 0.5% | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 14.4% | 0.1% | ||
| Q4 24 | 13.5% | — | ||
| Q3 24 | 12.8% | 24.5% | ||
| Q2 24 | 13.2% | 0.2% | ||
| Q1 24 | 10.9% | 0.2% |
净利率CRVLVNET
| Q4 25 | 10.3% | — | ||
| Q3 25 | 11.6% | -10.7% | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 11.4% | -0.8% | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 10.4% | -0.7% | ||
| Q2 24 | 10.2% | -0.4% | ||
| Q1 24 | 9.4% | -8.4% |
每股收益（稀释后）CRVLVNET
| Q4 25 | $0.47 | — | ||
| Q3 25 | $0.54 | — | ||
| Q2 25 | $0.52 | — | ||
| Q1 25 | $-1.23 | — | ||
| Q4 24 | $0.46 | — | ||
| Q3 24 | $1.35 | — | ||
| Q2 24 | $1.25 | — | ||
| Q1 24 | $1.12 | — |
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 | $230.0M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $375.7M | $890.8M |
| 总资产 | $644.8M | $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CRVLVNET
| Q4 25 | $230.0M | — | ||
| Q3 25 | $207.5M | $492.1M | ||
| Q2 25 | $202.0M | — | ||
| Q1 25 | $170.6M | $544.3M | ||
| Q4 24 | $162.9M | — | ||
| Q3 24 | $138.3M | $219.5M | ||
| Q2 24 | $131.9M | $247.2M | ||
| Q1 24 | $105.6M | $246.9M |
总债务CRVLVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CRVLVNET
| Q4 25 | $375.7M | — | ||
| Q3 25 | $362.8M | $890.8M | ||
| Q2 25 | $342.5M | — | ||
| Q1 25 | $322.0M | $927.8M | ||
| Q4 24 | $300.9M | — | ||
| Q3 24 | $282.8M | $902.9M | ||
| Q2 24 | $263.9M | $900.6M | ||
| Q1 24 | $247.6M | $895.1M |
总资产CRVLVNET
| Q4 25 | $644.8M | — | ||
| Q3 25 | $611.7M | $6.1B | ||
| Q2 25 | $597.4M | — | ||
| Q1 25 | $546.0M | $5.4B | ||
| Q4 24 | $538.8M | — | ||
| Q3 24 | $518.6M | $4.3B | ||
| Q2 24 | $486.2M | $4.0B | ||
| Q1 24 | $454.7M | $3.9B |
负债/权益比CRVLVNET
| 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 | $46.1M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $35.2M | $-193.1M |
| 自由现金流率自由现金流/营收 | 14.9% | -53.2% |
| 资本支出强度资本支出/营收 | 4.7% | 84.6% |
| 现金转化率经营现金流/净利润 | 1.91× | — |
| 过去12个月自由现金流最近4个季度 | $104.3M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流CRVLVNET
| Q4 25 | $46.1M | — | ||
| Q3 25 | $25.0M | $113.8M | ||
| Q2 25 | $55.0M | — | ||
| Q1 25 | $22.9M | $27.0M | ||
| Q4 24 | $41.6M | — | ||
| Q3 24 | $22.3M | $108.3M | ||
| Q2 24 | $40.4M | $55.8M | ||
| Q1 24 | $15.2M | $37.1M |
自由现金流CRVLVNET
| Q4 25 | $35.2M | — | ||
| Q3 25 | $15.3M | $-193.1M | ||
| Q2 25 | $39.5M | — | ||
| Q1 25 | $14.3M | $-220.0M | ||
| Q4 24 | $32.1M | — | ||
| Q3 24 | $12.4M | $-95.0M | ||
| Q2 24 | $32.8M | $-81.6M | ||
| Q1 24 | $5.2M | $-102.2M |
自由现金流率CRVLVNET
| Q4 25 | 14.9% | — | ||
| Q3 25 | 6.4% | -53.2% | ||
| Q2 25 | 16.8% | — | ||
| Q1 25 | 6.2% | -71.1% | ||
| Q4 24 | 14.1% | — | ||
| Q3 24 | 5.5% | -31.4% | ||
| Q2 24 | 15.5% | -29.8% | ||
| Q1 24 | 2.5% | -38.9% |
资本支出强度CRVLVNET
| Q4 25 | 4.7% | — | ||
| Q3 25 | 4.1% | 84.6% | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 3.7% | 79.8% | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | 4.4% | 67.3% | ||
| Q2 24 | 3.6% | 50.1% | ||
| Q1 24 | 4.8% | 53.0% |
现金转化率CRVLVNET
| Q4 25 | 1.91× | — | ||
| Q3 25 | 0.90× | — | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 1.87× | — | ||
| Q1 24 | 0.78× | — |
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
CRVL
| Patient Management Services | $146.1M | 62% |
| Network Solutions Services | $89.6M | 38% |
VNET
暂无分部数据
