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Torrid Holdings Inc.（CURV）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Torrid Holdings Inc.的1.5倍（$362.7M vs $235.2M），Torrid Holdings Inc.净利率更高（-2.7% vs -10.7%，领先7.9%），Torrid Holdings Inc.自由现金流更多（$-6.6M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -10.5%）
Torrid Holdings Inc.是美国主营大码女装的零售连锁品牌，原隶属于Hot Topic，目前归Sycamore Partners所有，2015年拆分成为独立公司。品牌专为10至30码的女性提供服饰及配饰产品，2001年4月在加利福尼亚州布瑞亚购物中心开出首店，截至2024年，已在美国各州及部分其他区域开设超过650家门店。
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。
CURV vs VNET — 直观对比
营收规模更大
VNET
是对方的1.5倍
$235.2M
净利率更高
CURV
高出7.9%
-10.7%
自由现金流更多
CURV
多$186.5M
$-193.1M
两年增速更快
VNET
近两年复合增速
-10.5%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $235.2M | $362.7M |
| 净利润 | $-6.4M | $-38.7M |
| 毛利率 | 34.9% | 20.9% |
| 营业利润率 | 0.1% | 0.5% |
| 净利率 | -2.7% | -10.7% |
| 营收同比 | -10.8% | — |
| 净利润同比 | -438.2% | — |
| 每股收益（稀释后） | $-0.06 | — |
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CURVVNET
| Q4 25 | $235.2M | — | ||
| Q3 25 | $262.8M | $362.7M | ||
| Q2 25 | $266.0M | — | ||
| Q1 25 | $275.6M | $309.5M | ||
| Q4 24 | $263.8M | — | ||
| Q3 24 | $284.6M | $302.2M | ||
| Q2 24 | $279.8M | $274.4M | ||
| Q1 24 | $293.5M | $262.9M |
净利润CURVVNET
| Q4 25 | $-6.4M | — | ||
| Q3 25 | $1.6M | $-38.7M | ||
| Q2 25 | $5.9M | — | ||
| Q1 25 | $-3.0M | $-2.4M | ||
| Q4 24 | $-1.2M | — | ||
| Q3 24 | $8.3M | $-2.1M | ||
| Q2 24 | $12.2M | $-1.1M | ||
| Q1 24 | $-4.1M | $-22.0M |
毛利率CURVVNET
| Q4 25 | 34.9% | — | ||
| Q3 25 | 35.6% | 20.9% | ||
| Q2 25 | 38.1% | — | ||
| Q1 25 | 33.6% | 25.2% | ||
| Q4 24 | 36.1% | — | ||
| Q3 24 | 38.7% | 23.2% | ||
| Q2 24 | 41.3% | 21.3% | ||
| Q1 24 | 34.5% | 21.6% |
营业利润率CURVVNET
| Q4 25 | 0.1% | — | ||
| Q3 25 | 3.9% | 0.5% | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | 1.3% | 0.1% | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 7.2% | 24.5% | ||
| Q2 24 | 9.3% | 0.2% | ||
| Q1 24 | 1.4% | 0.2% |
净利率CURVVNET
| Q4 25 | -2.7% | — | ||
| Q3 25 | 0.6% | -10.7% | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | -1.1% | -0.8% | ||
| Q4 24 | -0.5% | — | ||
| Q3 24 | 2.9% | -0.7% | ||
| Q2 24 | 4.4% | -0.4% | ||
| Q1 24 | -1.4% | -8.4% |
每股收益（稀释后）CURVVNET
| Q4 25 | $-0.06 | — | ||
| Q3 25 | $0.02 | — | ||
| Q2 25 | $0.06 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $-0.01 | — | ||
| Q3 24 | $0.08 | — | ||
| Q2 24 | $0.12 | — | ||
| Q1 24 | $-0.03 | — |
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 | $17.2M | $492.1M |
| 总债务越低越好 | $276.4M | — |
| 股东权益账面价值 | $-206.5M | $890.8M |
| 总资产 | $402.9M | $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CURVVNET
| Q4 25 | $17.2M | — | ||
| Q3 25 | $21.5M | $492.1M | ||
| Q2 25 | $23.7M | — | ||
| Q1 25 | $48.5M | $544.3M | ||
| Q4 24 | $44.0M | — | ||
| Q3 24 | $53.9M | $219.5M | ||
| Q2 24 | $20.5M | $247.2M | ||
| Q1 24 | $11.7M | $246.9M |
总债务CURVVNET
| Q4 25 | $276.4M | — | ||
| Q3 25 | $280.5M | — | ||
| Q2 25 | $284.5M | — | ||
| Q1 25 | $288.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CURVVNET
| Q4 25 | $-206.5M | — | ||
| Q3 25 | $-201.1M | $890.8M | ||
| Q2 25 | $-183.8M | — | ||
| Q1 25 | $-191.1M | $927.8M | ||
| Q4 24 | $-189.3M | — | ||
| Q3 24 | $-188.9M | $902.9M | ||
| Q2 24 | $-198.6M | $900.6M | ||
| Q1 24 | $-211.7M | $895.1M |
总资产CURVVNET
| Q4 25 | $402.9M | — | ||
| Q3 25 | $414.5M | $6.1B | ||
| Q2 25 | $451.4M | — | ||
| Q1 25 | $488.4M | $5.4B | ||
| Q4 24 | $493.0M | — | ||
| Q3 24 | $487.5M | $4.3B | ||
| Q2 24 | $479.7M | $4.0B | ||
| Q1 24 | $476.9M | $3.9B |
负债/权益比CURVVNET
| 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 | $-4.9M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-6.6M | $-193.1M |
| 自由现金流率自由现金流/营收 | -2.8% | -53.2% |
| 资本支出强度资本支出/营收 | 0.7% | 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 | $-2.3M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流CURVVNET
| Q4 25 | $-4.9M | — | ||
| Q3 25 | $15.7M | $113.8M | ||
| Q2 25 | $-18.0M | — | ||
| Q1 25 | $12.0M | $27.0M | ||
| Q4 24 | $-3.1M | — | ||
| Q3 24 | $40.8M | $108.3M | ||
| Q2 24 | $27.6M | $55.8M | ||
| Q1 24 | $9.0M | $37.1M |
自由现金流CURVVNET
| Q4 25 | $-6.6M | — | ||
| Q3 25 | $14.6M | $-193.1M | ||
| Q2 25 | $-20.6M | — | ||
| Q1 25 | $10.2M | $-220.0M | ||
| Q4 24 | $-5.5M | — | ||
| Q3 24 | $37.7M | $-95.0M | ||
| Q2 24 | $20.6M | $-81.6M | ||
| Q1 24 | $-1.7M | $-102.2M |
自由现金流率CURVVNET
| Q4 25 | -2.8% | — | ||
| Q3 25 | 5.6% | -53.2% | ||
| Q2 25 | -7.7% | — | ||
| Q1 25 | 3.7% | -71.1% | ||
| Q4 24 | -2.1% | — | ||
| Q3 24 | 13.2% | -31.4% | ||
| Q2 24 | 7.4% | -29.8% | ||
| Q1 24 | -0.6% | -38.9% |
资本支出强度CURVVNET
| Q4 25 | 0.7% | — | ||
| Q3 25 | 0.4% | 84.6% | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 0.6% | 79.8% | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.1% | 67.3% | ||
| Q2 24 | 2.5% | 50.1% | ||
| Q1 24 | 3.7% | 53.0% |
现金转化率CURVVNET
| Q4 25 | — | — | ||
| Q3 25 | 10.05× | — | ||
| Q2 25 | -3.03× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.90× | — | ||
| Q2 24 | 2.27× | — | ||
| Q1 24 | — | — |
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
CURV
| Apparel | $213.6M | 91% |
| Non Apparel | $12.3M | 5% |
| Other | $9.2M | 4% |
| Loyalty Program | $1.1M | 0% |
VNET
暂无分部数据
