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DiamondRock Hospitality Co（DRH）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DiamondRock Hospitality Co的1.3倍（$362.7M vs $274.5M），DiamondRock Hospitality Co净利率更高（9.5% vs -10.7%，领先20.2%），DiamondRock Hospitality Co自由现金流更多（$47.3M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 3.5%）
DiamondRock Hospitality Co是一家总部位于美国的房地产投资信托企业，持有并运营一系列高端酒店及度假物业，项目主要分布在全美核心城市的商务及旅游集聚区，面向休闲旅客和商务客群提供高品质住宿服务。
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。
DRH vs VNET — 直观对比
营收规模更大
VNET
是对方的1.3倍
$274.5M
净利率更高
DRH
高出20.2%
-10.7%
自由现金流更多
DRH
多$240.4M
$-193.1M
两年增速更快
VNET
近两年复合增速
3.5%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $274.5M | $362.7M |
| 净利润 | $26.2M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 8.9% | 0.5% |
| 净利率 | 9.5% | -10.7% |
| 营收同比 | -1.6% | — |
| 净利润同比 | 333.2% | — |
| 每股收益（稀释后） | $0.12 | — |
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DRHVNET
| Q4 25 | $274.5M | — | ||
| Q3 25 | $285.4M | $362.7M | ||
| Q2 25 | $305.7M | — | ||
| Q1 25 | $254.9M | $309.5M | ||
| Q4 24 | $279.1M | — | ||
| Q3 24 | $285.1M | $302.2M | ||
| Q2 24 | $309.3M | $274.4M | ||
| Q1 24 | $256.4M | $262.9M |
净利润DRHVNET
| Q4 25 | $26.2M | — | ||
| Q3 25 | $22.5M | $-38.7M | ||
| Q2 25 | $40.8M | — | ||
| Q1 25 | $11.9M | $-2.4M | ||
| Q4 24 | $-11.2M | — | ||
| Q3 24 | $26.4M | $-2.1M | ||
| Q2 24 | $24.5M | $-1.1M | ||
| Q1 24 | $8.3M | $-22.0M |
毛利率DRHVNET
| 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DRHVNET
| Q4 25 | 8.9% | — | ||
| Q3 25 | 8.1% | 0.5% | ||
| Q2 25 | 13.7% | — | ||
| Q1 25 | 4.3% | 0.1% | ||
| Q4 24 | -3.7% | — | ||
| Q3 24 | 9.5% | 24.5% | ||
| Q2 24 | 8.4% | 0.2% | ||
| Q1 24 | 2.8% | 0.2% |
净利率DRHVNET
| Q4 25 | 9.5% | — | ||
| Q3 25 | 7.9% | -10.7% | ||
| Q2 25 | 13.4% | — | ||
| Q1 25 | 4.7% | -0.8% | ||
| Q4 24 | -4.0% | — | ||
| Q3 24 | 9.3% | -0.7% | ||
| Q2 24 | 7.9% | -0.4% | ||
| Q1 24 | 3.2% | -8.4% |
每股收益（稀释后）DRHVNET
| Q4 25 | $0.12 | — | ||
| Q3 25 | $0.10 | — | ||
| Q2 25 | $0.18 | — | ||
| Q1 25 | $0.04 | — | ||
| Q4 24 | $-0.06 | — | ||
| Q3 24 | $0.11 | — | ||
| Q2 24 | $0.10 | — | ||
| 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 | $68.1M | $492.1M |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.4B | $890.8M |
| 总资产 | $3.0B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.76× | — |
8季度趋势，按日历期对齐
现金及短期投资DRHVNET
| Q4 25 | $68.1M | — | ||
| Q3 25 | $145.3M | $492.1M | ||
| Q2 25 | $52.4M | — | ||
| Q1 25 | $100.6M | $544.3M | ||
| Q4 24 | $81.4M | — | ||
| Q3 24 | $75.3M | $219.5M | ||
| Q2 24 | $125.2M | $247.2M | ||
| Q1 24 | $120.1M | $246.9M |
总债务DRHVNET
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益DRHVNET
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.6B | $890.8M | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.6B | $927.8M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | $902.9M | ||
| Q2 24 | $1.6B | $900.6M | ||
| Q1 24 | $1.6B | $895.1M |
总资产DRHVNET
| Q4 25 | $3.0B | — | ||
| Q3 25 | $3.1B | $6.1B | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.1B | $5.4B | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.2B | $4.3B | ||
| Q2 24 | $3.2B | $4.0B | ||
| Q1 24 | $3.2B | $3.9B |
负债/权益比DRHVNET
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.67× | 1.28× | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.72× | — |
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 | $67.9M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $47.3M | $-193.1M |
| 自由现金流率自由现金流/营收 | 17.2% | -53.2% |
| 资本支出强度资本支出/营收 | 7.5% | 84.6% |
| 现金转化率经营现金流/净利润 | 2.59× | — |
| 过去12个月自由现金流最近4个季度 | $162.1M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流DRHVNET
| Q4 25 | $67.9M | — | ||
| Q3 25 | $74.6M | $113.8M | ||
| Q2 25 | $73.6M | — | ||
| Q1 25 | $27.6M | $27.0M | ||
| Q4 24 | $75.8M | — | ||
| Q3 24 | $61.7M | $108.3M | ||
| Q2 24 | $55.7M | $55.8M | ||
| Q1 24 | $31.2M | $37.1M |
自由现金流DRHVNET
| Q4 25 | $47.3M | — | ||
| Q3 25 | $54.9M | $-193.1M | ||
| Q2 25 | $57.9M | — | ||
| Q1 25 | $2.0M | $-220.0M | ||
| Q4 24 | $52.6M | — | ||
| Q3 24 | $39.0M | $-95.0M | ||
| Q2 24 | $38.8M | $-81.6M | ||
| Q1 24 | $12.4M | $-102.2M |
自由现金流率DRHVNET
| Q4 25 | 17.2% | — | ||
| Q3 25 | 19.2% | -53.2% | ||
| Q2 25 | 18.9% | — | ||
| Q1 25 | 0.8% | -71.1% | ||
| Q4 24 | 18.9% | — | ||
| Q3 24 | 13.7% | -31.4% | ||
| Q2 24 | 12.5% | -29.8% | ||
| Q1 24 | 4.8% | -38.9% |
资本支出强度DRHVNET
| Q4 25 | 7.5% | — | ||
| Q3 25 | 6.9% | 84.6% | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 10.0% | 79.8% | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 7.9% | 67.3% | ||
| Q2 24 | 5.5% | 50.1% | ||
| Q1 24 | 7.4% | 53.0% |
现金转化率DRHVNET
| Q4 25 | 2.59× | — | ||
| Q3 25 | 3.31× | — | ||
| Q2 25 | 1.80× | — | ||
| Q1 25 | 2.33× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.33× | — | ||
| Q2 24 | 2.27× | — | ||
| Q1 24 | 3.75× | — |
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
DRH
| Occupancy | $178.2M | 65% |
| Food And Beverage | $68.7M | 25% |
| Hotel Owned | $27.7M | 10% |
VNET
暂无分部数据
