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DXP ENTERPRISES INC（DXPE）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
DXP ENTERPRISES INC的季度营收约是世纪互联的1.5倍（$527.4M vs $362.7M），DXP ENTERPRISES INC净利率更高（4.3% vs -10.7%，领先15.0%），DXP ENTERPRISES INC自由现金流更多（$34.5M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 13.1%）
DXP Enterprises Inc.是一家领先的工业分销企业，提供维护、维修、运营（MRO）用品、流体处理设备、泵系统及相关技术服务，主要服务制造业、能源、矿业、建筑等领域客户，核心市场覆盖北美地区。
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。
DXPE vs VNET — 直观对比
营收规模更大
DXPE
是对方的1.5倍
$362.7M
净利率更高
DXPE
高出15.0%
-10.7%
自由现金流更多
DXPE
多$227.6M
$-193.1M
两年增速更快
VNET
近两年复合增速
13.1%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $527.4M | $362.7M |
| 净利润 | $22.8M | $-38.7M |
| 毛利率 | 31.6% | 20.9% |
| 营业利润率 | 8.8% | 0.5% |
| 净利率 | 4.3% | -10.7% |
| 营收同比 | 12.0% | — |
| 净利润同比 | 6.9% | — |
| 每股收益（稀释后） | $1.38 | — |
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DXPEVNET
| Q4 25 | $527.4M | — | ||
| Q3 25 | $513.7M | $362.7M | ||
| Q2 25 | $498.7M | — | ||
| Q1 25 | $476.6M | $309.5M | ||
| Q4 24 | $470.9M | — | ||
| Q3 24 | $472.9M | $302.2M | ||
| Q2 24 | $445.6M | $274.4M | ||
| Q1 24 | $412.6M | $262.9M |
净利润DXPEVNET
| Q4 25 | $22.8M | — | ||
| Q3 25 | $21.6M | $-38.7M | ||
| Q2 25 | $23.6M | — | ||
| Q1 25 | $20.6M | $-2.4M | ||
| Q4 24 | $21.4M | — | ||
| Q3 24 | $21.1M | $-2.1M | ||
| Q2 24 | $16.7M | $-1.1M | ||
| Q1 24 | $11.3M | $-22.0M |
毛利率DXPEVNET
| Q4 25 | 31.6% | — | ||
| Q3 25 | 31.4% | 20.9% | ||
| Q2 25 | 31.6% | — | ||
| Q1 25 | 31.5% | 25.2% | ||
| Q4 24 | 31.5% | — | ||
| Q3 24 | 30.9% | 23.2% | ||
| Q2 24 | 30.9% | 21.3% | ||
| Q1 24 | 30.0% | 21.6% |
营业利润率DXPEVNET
| Q4 25 | 8.8% | — | ||
| Q3 25 | 8.5% | 0.5% | ||
| Q2 25 | 9.2% | — | ||
| Q1 25 | 8.5% | 0.1% | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 8.4% | 24.5% | ||
| Q2 24 | 8.4% | 0.2% | ||
| Q1 24 | 7.1% | 0.2% |
净利率DXPEVNET
| Q4 25 | 4.3% | — | ||
| Q3 25 | 4.2% | -10.7% | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | 4.3% | -0.8% | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 4.5% | -0.7% | ||
| Q2 24 | 3.7% | -0.4% | ||
| Q1 24 | 2.7% | -8.4% |
每股收益（稀释后）DXPEVNET
| Q4 25 | $1.38 | — | ||
| Q3 25 | $1.31 | — | ||
| Q2 25 | $1.43 | — | ||
| Q1 25 | $1.25 | — | ||
| Q4 24 | $1.28 | — | ||
| Q3 24 | $1.27 | — | ||
| Q2 24 | $1.00 | — | ||
| Q1 24 | $0.67 | — |
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 | $303.8M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $498.4M | $890.8M |
| 总资产 | $1.7B | $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DXPEVNET
| Q4 25 | $303.8M | — | ||
| Q3 25 | $123.8M | $492.1M | ||
| Q2 25 | $112.9M | — | ||
| Q1 25 | $114.3M | $544.3M | ||
| Q4 24 | $148.3M | — | ||
| Q3 24 | $35.0M | $219.5M | ||
| Q2 24 | $49.9M | $247.2M | ||
| Q1 24 | $139.7M | $246.9M |
总债务DXPEVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DXPEVNET
| Q4 25 | $498.4M | — | ||
| Q3 25 | $488.3M | $890.8M | ||
| Q2 25 | $468.1M | — | ||
| Q1 25 | $444.7M | $927.8M | ||
| Q4 24 | $422.8M | — | ||
| Q3 24 | $402.4M | $902.9M | ||
| Q2 24 | $384.7M | $900.6M | ||
| Q1 24 | $375.5M | $895.1M |
总资产DXPEVNET
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.4B | $6.1B | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | $5.4B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.2B | $4.3B | ||
| Q2 24 | $1.2B | $4.0B | ||
| Q1 24 | $1.2B | $3.9B |
负债/权益比DXPEVNET
| 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 | $37.8M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $34.5M | $-193.1M |
| 自由现金流率自由现金流/营收 | 6.5% | -53.2% |
| 资本支出强度资本支出/营收 | 0.6% | 84.6% |
| 现金转化率经营现金流/净利润 | 1.65× | — |
| 过去12个月自由现金流最近4个季度 | $54.0M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流DXPEVNET
| Q4 25 | $37.8M | — | ||
| Q3 25 | $34.9M | $113.8M | ||
| Q2 25 | $18.6M | — | ||
| Q1 25 | $3.0M | $27.0M | ||
| Q4 24 | $32.1M | — | ||
| Q3 24 | $28.3M | $108.3M | ||
| Q2 24 | $14.7M | $55.8M | ||
| Q1 24 | $27.0M | $37.1M |
自由现金流DXPEVNET
| Q4 25 | $34.5M | — | ||
| Q3 25 | $28.1M | $-193.1M | ||
| Q2 25 | $8.3M | — | ||
| Q1 25 | $-16.9M | $-220.0M | ||
| Q4 24 | $22.7M | — | ||
| Q3 24 | $24.4M | $-95.0M | ||
| Q2 24 | $5.9M | $-81.6M | ||
| Q1 24 | $24.1M | $-102.2M |
自由现金流率DXPEVNET
| Q4 25 | 6.5% | — | ||
| Q3 25 | 5.5% | -53.2% | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | -3.6% | -71.1% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 5.2% | -31.4% | ||
| Q2 24 | 1.3% | -29.8% | ||
| Q1 24 | 5.8% | -38.9% |
资本支出强度DXPEVNET
| Q4 25 | 0.6% | — | ||
| Q3 25 | 1.3% | 84.6% | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 4.2% | 79.8% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 0.8% | 67.3% | ||
| Q2 24 | 2.0% | 50.1% | ||
| Q1 24 | 0.7% | 53.0% |
现金转化率DXPEVNET
| Q4 25 | 1.65× | — | ||
| Q3 25 | 1.61× | — | ||
| Q2 25 | 0.79× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 1.50× | — | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | 0.88× | — | ||
| Q1 24 | 2.38× | — |
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
DXPE
| Service Centers | $356.2M | 68% |
| Innovative Pumping Solutions | $110.0M | 21% |
| Supply Chain Services | $61.2M | 12% |
VNET
暂无分部数据
