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Claritev Corp（CTEV）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Claritev Corp的1.5倍（$362.7M vs $246.6M），世纪互联净利率更高（-10.7% vs -32.7%，领先22.0%），Claritev Corp自由现金流更多（$36.4M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 2.5%）
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。
CTEV vs VNET — 直观对比
营收规模更大
VNET
是对方的1.5倍
$246.6M
净利率更高
VNET
高出22.0%
-32.7%
自由现金流更多
CTEV
多$229.5M
$-193.1M
两年增速更快
VNET
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $246.6M | $362.7M |
| 净利润 | $-80.6M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | -3.1% | 0.5% |
| 净利率 | -32.7% | -10.7% |
| 营收同比 | 6.2% | — |
| 净利润同比 | 41.6% | — |
| 每股收益（稀释后） | $-4.88 | — |
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CTEVVNET
| Q4 25 | $246.6M | — | ||
| Q3 25 | $246.0M | $362.7M | ||
| Q2 25 | $241.6M | — | ||
| Q1 25 | $231.3M | $309.5M | ||
| Q4 24 | $232.1M | — | ||
| Q3 24 | $230.5M | $302.2M | ||
| Q2 24 | $233.5M | $274.4M | ||
| Q1 24 | $234.5M | $262.9M |
净利润CTEVVNET
| Q4 25 | $-80.6M | — | ||
| Q3 25 | $-69.8M | $-38.7M | ||
| Q2 25 | $-62.6M | — | ||
| Q1 25 | $-71.3M | $-2.4M | ||
| Q4 24 | $-138.0M | — | ||
| Q3 24 | $-391.4M | $-2.1M | ||
| Q2 24 | $-576.7M | $-1.1M | ||
| Q1 24 | $-539.7M | $-22.0M |
毛利率CTEVVNET
| 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CTEVVNET
| Q4 25 | -3.1% | — | ||
| Q3 25 | 4.1% | 0.5% | ||
| Q2 25 | 6.9% | — | ||
| Q1 25 | 4.2% | 0.1% | ||
| Q4 24 | -17.8% | — | ||
| Q3 24 | -146.7% | 24.5% | ||
| Q2 24 | -224.4% | 0.2% | ||
| Q1 24 | -207.4% | 0.2% |
净利率CTEVVNET
| Q4 25 | -32.7% | — | ||
| Q3 25 | -28.4% | -10.7% | ||
| Q2 25 | -25.9% | — | ||
| Q1 25 | -30.8% | -0.8% | ||
| Q4 24 | -59.4% | — | ||
| Q3 24 | -169.8% | -0.7% | ||
| Q2 24 | -247.0% | -0.4% | ||
| Q1 24 | -230.1% | -8.4% |
每股收益（稀释后）CTEVVNET
| Q4 25 | $-4.88 | — | ||
| Q3 25 | $-4.23 | — | ||
| Q2 25 | $-3.81 | — | ||
| Q1 25 | $-4.38 | — | ||
| Q4 24 | $-8.49 | — | ||
| Q3 24 | $-24.25 | — | ||
| Q2 24 | $-35.78 | — | ||
| Q1 24 | $-33.40 | — |
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 | $16.8M | $492.1M |
| 总债务越低越好 | $4.6B | — |
| 股东权益账面价值 | $-173.9M | $890.8M |
| 总资产 | $4.9B | $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CTEVVNET
| Q4 25 | $16.8M | — | ||
| Q3 25 | $39.2M | $492.1M | ||
| Q2 25 | $56.4M | — | ||
| Q1 25 | $23.1M | $544.3M | ||
| Q4 24 | $16.8M | — | ||
| Q3 24 | $86.6M | $219.5M | ||
| Q2 24 | $48.8M | $247.2M | ||
| Q1 24 | $58.7M | $246.9M |
总债务CTEVVNET
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.5B | $1.2B | ||
| Q2 24 | $4.5B | — | ||
| Q1 24 | $4.5B | — |
股东权益CTEVVNET
| Q4 25 | $-173.9M | — | ||
| Q3 25 | $-101.8M | $890.8M | ||
| Q2 25 | $-39.9M | — | ||
| Q1 25 | $14.8M | $927.8M | ||
| Q4 24 | $84.0M | — | ||
| Q3 24 | $207.6M | $902.9M | ||
| Q2 24 | $603.4M | $900.6M | ||
| Q1 24 | $1.2B | $895.1M |
总资产CTEVVNET
| Q4 25 | $4.9B | — | ||
| Q3 25 | $5.0B | $6.1B | ||
| Q2 25 | $5.1B | — | ||
| Q1 25 | $5.1B | $5.4B | ||
| Q4 24 | $5.2B | — | ||
| Q3 24 | $5.3B | $4.3B | ||
| Q2 24 | $5.7B | $4.0B | ||
| Q1 24 | $6.4B | $3.9B |
负债/权益比CTEVVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 304.87× | — | ||
| Q4 24 | 53.67× | — | ||
| Q3 24 | 21.73× | 1.28× | ||
| Q2 24 | 7.48× | — | ||
| Q1 24 | 3.85× | — |
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 | $66.3M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $36.4M | $-193.1M |
| 自由现金流率自由现金流/营收 | 14.8% | -53.2% |
| 资本支出强度资本支出/营收 | 12.1% | 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 | $-12.3M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流CTEVVNET
| Q4 25 | $66.3M | — | ||
| Q3 25 | $19.9M | $113.8M | ||
| Q2 25 | $61.2M | — | ||
| Q1 25 | $-30.1M | $27.0M | ||
| Q4 24 | $-33.4M | — | ||
| Q3 24 | $72.8M | $108.3M | ||
| Q2 24 | $18.5M | $55.8M | ||
| Q1 24 | $49.7M | $37.1M |
自由现金流CTEVVNET
| Q4 25 | $36.4M | — | ||
| Q3 25 | $-16.3M | $-193.1M | ||
| Q2 25 | $36.6M | — | ||
| Q1 25 | $-68.9M | $-220.0M | ||
| Q4 24 | $-63.8M | — | ||
| Q3 24 | $41.1M | $-95.0M | ||
| Q2 24 | $-7.0M | $-81.6M | ||
| Q1 24 | $19.2M | $-102.2M |
自由现金流率CTEVVNET
| Q4 25 | 14.8% | — | ||
| Q3 25 | -6.6% | -53.2% | ||
| Q2 25 | 15.2% | — | ||
| Q1 25 | -29.8% | -71.1% | ||
| Q4 24 | -27.5% | — | ||
| Q3 24 | 17.8% | -31.4% | ||
| Q2 24 | -3.0% | -29.8% | ||
| Q1 24 | 8.2% | -38.9% |
资本支出强度CTEVVNET
| Q4 25 | 12.1% | — | ||
| Q3 25 | 14.7% | 84.6% | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | 16.8% | 79.8% | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 13.8% | 67.3% | ||
| Q2 24 | 10.9% | 50.1% | ||
| Q1 24 | 13.0% | 53.0% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
