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CubeSmart（CUBE）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CubeSmart的1.3倍（$362.7M vs $281.9M），CubeSmart净利率更高（29.4% vs -10.7%，领先40.0%），过去两年世纪互联的营收复合增速更高（17.4% vs 2.9%）
CubeSmart是一家专注于投资自助仓储设施的美国房地产投资信托，为美国第三大自助仓储运营商。截至2024年12月31日，公司在全美25个州及哥伦比亚特区共持有631座自助仓储物业，可出租总面积达4580万平方英尺。
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。
CUBE vs VNET — 直观对比
营收规模更大
VNET
是对方的1.3倍
$281.9M
净利率更高
CUBE
高出40.0%
-10.7%
两年增速更快
VNET
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $281.9M | $362.7M |
| 净利润 | $82.8M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 40.2% | 0.5% |
| 净利率 | 29.4% | -10.7% |
| 营收同比 | 3.3% | — |
| 净利润同比 | -6.8% | — |
| 每股收益（稀释后） | $0.36 | — |
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CUBEVNET
| Q1 26 | $281.9M | — | ||
| Q4 25 | $282.7M | — | ||
| Q3 25 | $285.1M | $362.7M | ||
| Q2 25 | $282.3M | — | ||
| Q1 25 | $273.0M | $309.5M | ||
| Q4 24 | $267.7M | — | ||
| Q3 24 | $270.9M | $302.2M | ||
| Q2 24 | $266.2M | $274.4M |
净利润CUBEVNET
| Q1 26 | $82.8M | — | ||
| Q4 25 | $77.7M | — | ||
| Q3 25 | $82.4M | $-38.7M | ||
| Q2 25 | $82.4M | — | ||
| Q1 25 | $88.7M | $-2.4M | ||
| Q4 24 | $101.9M | — | ||
| Q3 24 | $101.0M | $-2.1M | ||
| Q2 24 | $94.2M | $-1.1M |
毛利率CUBEVNET
| Q1 26 | — | — | ||
| Q4 25 | 68.7% | — | ||
| Q3 25 | 68.1% | 20.9% | ||
| Q2 25 | 68.5% | — | ||
| Q1 25 | 69.6% | 25.2% | ||
| Q4 24 | 71.7% | — | ||
| Q3 24 | 69.8% | 23.2% | ||
| Q2 24 | 68.8% | 21.3% |
营业利润率CUBEVNET
| Q1 26 | 40.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 0.2% |
净利率CUBEVNET
| Q1 26 | 29.4% | — | ||
| Q4 25 | 27.5% | — | ||
| Q3 25 | 28.9% | -10.7% | ||
| Q2 25 | 29.2% | — | ||
| Q1 25 | 32.5% | -0.8% | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 37.3% | -0.7% | ||
| Q2 24 | 35.4% | -0.4% |
每股收益（稀释后）CUBEVNET
| Q1 26 | $0.36 | — | ||
| Q4 25 | $0.35 | — | ||
| Q3 25 | $0.36 | — | ||
| Q2 25 | $0.36 | — | ||
| Q1 25 | $0.39 | — | ||
| Q4 24 | $0.45 | — | ||
| Q3 24 | $0.44 | — | ||
| Q2 24 | $0.41 | — |
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 | $2.7B | $890.8M |
| 总资产 | $6.6B | $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CUBEVNET
| Q1 26 | — | — | ||
| Q4 25 | $5.8M | — | ||
| Q3 25 | $108.4M | $492.1M | ||
| Q2 25 | $8.7M | — | ||
| Q1 25 | $10.8M | $544.3M | ||
| Q4 24 | $71.6M | — | ||
| Q3 24 | $43.5M | $219.5M | ||
| Q2 24 | $5.7M | $247.2M |
总债务CUBEVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益CUBEVNET
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | $890.8M | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.8B | $927.8M | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.8B | $902.9M | ||
| Q2 24 | $2.8B | $900.6M |
总资产CUBEVNET
| Q1 26 | $6.6B | — | ||
| Q4 25 | $6.6B | — | ||
| Q3 25 | $6.8B | $6.1B | ||
| Q2 25 | $6.7B | — | ||
| Q1 25 | $6.7B | $5.4B | ||
| Q4 24 | $6.4B | — | ||
| Q3 24 | $6.2B | $4.3B | ||
| Q2 24 | $6.2B | $4.0B |
负债/权益比CUBEVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 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 | — | $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CUBEVNET
| Q1 26 | — | — | ||
| Q4 25 | $608.5M | — | ||
| Q3 25 | $168.2M | $113.8M | ||
| Q2 25 | $157.5M | — | ||
| Q1 25 | $146.3M | $27.0M | ||
| Q4 24 | $631.1M | — | ||
| Q3 24 | $145.4M | $108.3M | ||
| Q2 24 | $170.9M | $55.8M |
自由现金流CUBEVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M |
自由现金流率CUBEVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% |
资本支出强度CUBEVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% |
现金转化率CUBEVNET
| Q1 26 | — | — | ||
| Q4 25 | 7.83× | — | ||
| Q3 25 | 2.04× | — | ||
| Q2 25 | 1.91× | — | ||
| Q1 25 | 1.65× | — | ||
| Q4 24 | 6.19× | — | ||
| Q3 24 | 1.44× | — | ||
| Q2 24 | 1.81× | — |
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
CUBE
| Rental income | $239.9M | 85% |
| Other | $32.1M | 11% |
| Property management fee income | $9.9M | 4% |
VNET
暂无分部数据
