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Dorman Products, Inc.（DORM）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
Dorman Products, Inc.的季度营收约是世纪互联的1.5倍（$537.9M vs $362.7M），Dorman Products, Inc.净利率更高（2.1% vs -10.7%，领先12.8%），Dorman Products, Inc.自由现金流更多（$33.5M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 7.1%）
多尔曼产品公司是美国知名的汽车售后配件制造商，成立于1918年，总部位于宾夕法尼亚州科尔马，在纳斯达克上市，股票代码为DORM，深耕汽车售后市场多年，为市场提供丰富的替换零部件产品。
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。
DORM vs VNET — 直观对比
营收规模更大
DORM
是对方的1.5倍
$362.7M
净利率更高
DORM
高出12.8%
-10.7%
自由现金流更多
DORM
多$226.6M
$-193.1M
两年增速更快
VNET
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $537.9M | $362.7M |
| 净利润 | $11.6M | $-38.7M |
| 毛利率 | 42.6% | 20.9% |
| 营业利润率 | 5.8% | 0.5% |
| 净利率 | 2.1% | -10.7% |
| 营收同比 | 0.8% | — |
| 净利润同比 | -78.8% | — |
| 每股收益（稀释后） | $0.38 | — |
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DORMVNET
| Q4 25 | $537.9M | — | ||
| Q3 25 | $543.7M | $362.7M | ||
| Q2 25 | $541.0M | — | ||
| Q1 25 | $507.7M | $309.5M | ||
| Q4 24 | $533.8M | — | ||
| Q3 24 | $503.8M | $302.2M | ||
| Q2 24 | $503.0M | $274.4M | ||
| Q1 24 | $468.7M | $262.9M |
净利润DORMVNET
| Q4 25 | $11.6M | — | ||
| Q3 25 | $76.4M | $-38.7M | ||
| Q2 25 | $58.7M | — | ||
| Q1 25 | $57.5M | $-2.4M | ||
| Q4 24 | $54.5M | — | ||
| Q3 24 | $55.3M | $-2.1M | ||
| Q2 24 | $47.4M | $-1.1M | ||
| Q1 24 | $32.8M | $-22.0M |
毛利率DORMVNET
| Q4 25 | 42.6% | — | ||
| Q3 25 | 44.4% | 20.9% | ||
| Q2 25 | 40.6% | — | ||
| Q1 25 | 40.9% | 25.2% | ||
| Q4 24 | 41.5% | — | ||
| Q3 24 | 40.5% | 23.2% | ||
| Q2 24 | 39.6% | 21.3% | ||
| Q1 24 | 38.7% | 21.6% |
营业利润率DORMVNET
| Q4 25 | 5.8% | — | ||
| Q3 25 | 19.4% | 0.5% | ||
| Q2 25 | 15.2% | — | ||
| Q1 25 | 15.8% | 0.1% | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | 15.7% | 24.5% | ||
| Q2 24 | 14.4% | 0.2% | ||
| Q1 24 | 11.6% | 0.2% |
净利率DORMVNET
| Q4 25 | 2.1% | — | ||
| Q3 25 | 14.1% | -10.7% | ||
| Q2 25 | 10.9% | — | ||
| Q1 25 | 11.3% | -0.8% | ||
| Q4 24 | 10.2% | — | ||
| Q3 24 | 11.0% | -0.7% | ||
| Q2 24 | 9.4% | -0.4% | ||
| Q1 24 | 7.0% | -8.4% |
每股收益（稀释后）DORMVNET
| Q4 25 | $0.38 | — | ||
| Q3 25 | $2.48 | — | ||
| Q2 25 | $1.91 | — | ||
| Q1 25 | $1.87 | — | ||
| Q4 24 | $1.76 | — | ||
| Q3 24 | $1.80 | — | ||
| Q2 24 | $1.53 | — | ||
| Q1 24 | $1.05 | — |
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 | $49.4M | $492.1M |
| 总债务越低越好 | $440.6M | — |
| 股东权益账面价值 | $1.5B | $890.8M |
| 总资产 | $2.5B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资DORMVNET
| Q4 25 | $49.4M | — | ||
| Q3 25 | $55.5M | $492.1M | ||
| Q2 25 | $56.8M | — | ||
| Q1 25 | $60.6M | $544.3M | ||
| Q4 24 | $57.1M | — | ||
| Q3 24 | $45.1M | $219.5M | ||
| Q2 24 | $47.5M | $247.2M | ||
| Q1 24 | $34.4M | $246.9M |
总债务DORMVNET
| Q4 25 | $440.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $468.8M | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DORMVNET
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $890.8M | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | $927.8M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.2B | $902.9M | ||
| Q2 24 | $1.2B | $900.6M | ||
| Q1 24 | $1.2B | $895.1M |
总资产DORMVNET
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | $6.1B | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $2.4B | $5.4B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | $4.3B | ||
| Q2 24 | $2.3B | $4.0B | ||
| Q1 24 | $2.2B | $3.9B |
负债/权益比DORMVNET
| Q4 25 | 0.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.36× | — | ||
| 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 | $41.6M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $33.5M | $-193.1M |
| 自由现金流率自由现金流/营收 | 6.2% | -53.2% |
| 资本支出强度资本支出/营收 | 1.5% | 84.6% |
| 现金转化率经营现金流/净利润 | 3.60× | — |
| 过去12个月自由现金流最近4个季度 | $75.7M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流DORMVNET
| Q4 25 | $41.6M | — | ||
| Q3 25 | $12.2M | $113.8M | ||
| Q2 25 | $8.5M | — | ||
| Q1 25 | $51.2M | $27.0M | ||
| Q4 24 | $71.4M | — | ||
| Q3 24 | $44.3M | $108.3M | ||
| Q2 24 | $63.3M | $55.8M | ||
| Q1 24 | $52.0M | $37.1M |
自由现金流DORMVNET
| Q4 25 | $33.5M | — | ||
| Q3 25 | $1.8M | $-193.1M | ||
| Q2 25 | $98.0K | — | ||
| Q1 25 | $40.3M | $-220.0M | ||
| Q4 24 | $63.2M | — | ||
| Q3 24 | $35.7M | $-95.0M | ||
| Q2 24 | $51.4M | $-81.6M | ||
| Q1 24 | $41.2M | $-102.2M |
自由现金流率DORMVNET
| Q4 25 | 6.2% | — | ||
| Q3 25 | 0.3% | -53.2% | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 7.9% | -71.1% | ||
| Q4 24 | 11.8% | — | ||
| Q3 24 | 7.1% | -31.4% | ||
| Q2 24 | 10.2% | -29.8% | ||
| Q1 24 | 8.8% | -38.9% |
资本支出强度DORMVNET
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.9% | 84.6% | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 2.2% | 79.8% | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 1.7% | 67.3% | ||
| Q2 24 | 2.4% | 50.1% | ||
| Q1 24 | 2.3% | 53.0% |
现金转化率DORMVNET
| Q4 25 | 3.60× | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.15× | — | ||
| Q1 25 | 0.89× | — | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 1.34× | — | ||
| Q1 24 | 1.58× | — |
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
DORM
| Light Duty | $428.6M | 80% |
| Heavy Duty | $55.8M | 10% |
| Specialty Vehicle | $53.5M | 10% |
VNET
暂无分部数据
