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GE医疗（DHC）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
GE医疗的季度营收约是世纪互联的1.0倍（$379.6M vs $362.7M），GE医疗净利率更高（-5.6% vs -10.7%，领先5.1%），GE医疗自由现金流更多（$-166.4M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 1.2%）
GE医疗是一家总部位于美国伊利诺伊州芝加哥市的医疗科技企业，业务涵盖四大板块：医疗影像设备，包括分子成像、CT、核磁共振、妇科健康筛查及X光系统；超声设备；患者护理解决方案，聚焦远程患者监测、麻醉呼吸护理、心脏诊断及婴幼儿护理；此外还涉及医药相关领域，是全球医疗行业的知名企业。
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。
DHC vs VNET — 直观对比
营收规模更大
DHC
是对方的1.0倍
$362.7M
净利率更高
DHC
高出5.1%
-10.7%
自由现金流更多
DHC
多$26.6M
$-193.1M
两年增速更快
VNET
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $379.6M | $362.7M |
| 净利润 | $-21.2M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | -12.6% | 0.5% |
| 净利率 | -5.6% | -10.7% |
| 营收同比 | -0.0% | — |
| 净利润同比 | 75.7% | — |
| 每股收益（稀释后） | $-0.09 | — |
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DHCVNET
| Q4 25 | $379.6M | — | ||
| Q3 25 | $388.7M | $362.7M | ||
| Q2 25 | $382.7M | — | ||
| Q1 25 | $386.9M | $309.5M | ||
| Q4 24 | $379.6M | — | ||
| Q3 24 | $373.6M | $302.2M | ||
| Q2 24 | $371.4M | $274.4M | ||
| Q1 24 | $370.8M | $262.9M |
净利润DHCVNET
| Q4 25 | $-21.2M | — | ||
| Q3 25 | $-164.0M | $-38.7M | ||
| Q2 25 | $-91.6M | — | ||
| Q1 25 | $-9.0M | $-2.4M | ||
| Q4 24 | $-87.4M | — | ||
| Q3 24 | $-98.7M | $-2.1M | ||
| Q2 24 | $-97.9M | $-1.1M | ||
| Q1 24 | $-86.3M | $-22.0M |
毛利率DHCVNET
| 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DHCVNET
| Q4 25 | -12.6% | — | ||
| Q3 25 | -43.4% | 0.5% | ||
| Q2 25 | -24.5% | — | ||
| Q1 25 | -2.7% | 0.1% | ||
| Q4 24 | -26.1% | — | ||
| Q3 24 | -26.5% | 24.5% | ||
| Q2 24 | -23.0% | 0.2% | ||
| Q1 24 | -23.7% | 0.2% |
净利率DHCVNET
| Q4 25 | -5.6% | — | ||
| Q3 25 | -42.2% | -10.7% | ||
| Q2 25 | -23.9% | — | ||
| Q1 25 | -2.3% | -0.8% | ||
| Q4 24 | -23.0% | — | ||
| Q3 24 | -26.4% | -0.7% | ||
| Q2 24 | -26.3% | -0.4% | ||
| Q1 24 | -23.3% | -8.4% |
每股收益（稀释后）DHCVNET
| Q4 25 | $-0.09 | — | ||
| Q3 25 | $-0.68 | — | ||
| Q2 25 | $-0.38 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $-0.37 | — | ||
| Q3 24 | $-0.41 | — | ||
| Q2 24 | $-0.41 | — | ||
| Q1 24 | $-0.36 | — |
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 | $105.4M | $492.1M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $1.7B | $890.8M |
| 总资产 | $4.4B | $6.1B |
| 负债/权益比越低杠杆越低 | 1.47× | — |
8季度趋势，按日历期对齐
现金及短期投资DHCVNET
| Q4 25 | $105.4M | — | ||
| Q3 25 | $201.4M | $492.1M | ||
| Q2 25 | $141.8M | — | ||
| Q1 25 | $302.6M | $544.3M | ||
| Q4 24 | $144.6M | — | ||
| Q3 24 | $256.5M | $219.5M | ||
| Q2 24 | $265.6M | $247.2M | ||
| Q1 24 | $207.1M | $246.9M |
总债务DHCVNET
| Q4 25 | $2.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DHCVNET
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $890.8M | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | $927.8M | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | $902.9M | ||
| Q2 24 | $2.1B | $900.6M | ||
| Q1 24 | $2.2B | $895.1M |
总资产DHCVNET
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.7B | $6.1B | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $5.0B | $5.4B | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $5.3B | $4.3B | ||
| Q2 24 | $5.3B | $4.0B | ||
| Q1 24 | $5.3B | $3.9B |
负债/权益比DHCVNET
| Q4 25 | 1.47× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.56× | — | ||
| 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 | $-19.6M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-166.4M | $-193.1M |
| 自由现金流率自由现金流/营收 | -43.8% | -53.2% |
| 资本支出强度资本支出/营收 | 38.7% | 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 | $-280.3M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流DHCVNET
| Q4 25 | $-19.6M | — | ||
| Q3 25 | $-49.3M | $113.8M | ||
| Q2 25 | $53.0M | — | ||
| Q1 25 | $-3.2M | $27.0M | ||
| Q4 24 | $112.2M | — | ||
| Q3 24 | $21.1M | $108.3M | ||
| Q2 24 | $44.3M | $55.8M | ||
| Q1 24 | $28.6M | $37.1M |
自由现金流DHCVNET
| Q4 25 | $-166.4M | — | ||
| Q3 25 | $-89.8M | $-193.1M | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $-42.9M | $-220.0M | ||
| Q4 24 | $-89.5M | — | ||
| Q3 24 | $-26.1M | $-95.0M | ||
| Q2 24 | $3.3M | $-81.6M | ||
| Q1 24 | $-18.1M | $-102.2M |
自由现金流率DHCVNET
| Q4 25 | -43.8% | — | ||
| Q3 25 | -23.1% | -53.2% | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | -11.1% | -71.1% | ||
| Q4 24 | -23.6% | — | ||
| Q3 24 | -7.0% | -31.4% | ||
| Q2 24 | 0.9% | -29.8% | ||
| Q1 24 | -4.9% | -38.9% |
资本支出强度DHCVNET
| Q4 25 | 38.7% | — | ||
| Q3 25 | 10.4% | 84.6% | ||
| Q2 25 | 8.9% | — | ||
| Q1 25 | 10.2% | 79.8% | ||
| Q4 24 | 53.1% | — | ||
| Q3 24 | 12.6% | 67.3% | ||
| Q2 24 | 11.0% | 50.1% | ||
| Q1 24 | 12.6% | 53.0% |
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
DHC
| Senior Housing Operating Portfolio Segment | $323.4M | 85% |
| Rental Income | $56.2M | 15% |
VNET
暂无分部数据
