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慧与（EFSC）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慧与的2.0倍（$362.7M vs $185.2M），慧与净利率更高（26.6% vs -10.7%，领先37.3%），过去两年世纪互联的营收复合增速更高（17.4% vs 9.0%）
慧与（Hewlett Packard Enterprise，简称HPE）是总部位于美国得克萨斯州斯普林的跨国信息技术企业，面向企业客户提供服务器、存储、网络、容器化软件及咨询支持服务，2018年位列美国《财富》500强第107位。
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。
EFSC vs VNET — 直观对比
营收规模更大
VNET
是对方的2.0倍
$185.2M
净利率更高
EFSC
高出37.3%
-10.7%
两年增速更快
VNET
近两年复合增速
9.0%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $185.2M | $362.7M |
| 净利润 | $49.4M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | — | 0.5% |
| 净利率 | 26.6% | -10.7% |
| 营收同比 | — | — |
| 净利润同比 | -1.2% | — |
| 每股收益（稀释后） | $1.30 | — |
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EFSCVNET
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.6M | — | ||
| Q3 25 | $206.9M | $362.7M | ||
| Q2 25 | $173.4M | — | ||
| Q1 25 | $166.0M | $309.5M | ||
| Q4 24 | $167.0M | — | ||
| Q3 24 | $164.9M | $302.2M | ||
| Q2 24 | $156.0M | $274.4M |
净利润EFSCVNET
| Q1 26 | $49.4M | — | ||
| Q4 25 | $54.8M | — | ||
| Q3 25 | $45.2M | $-38.7M | ||
| Q2 25 | $51.4M | — | ||
| Q1 25 | $50.0M | $-2.4M | ||
| Q4 24 | $48.8M | — | ||
| Q3 24 | $50.6M | $-2.1M | ||
| Q2 24 | $45.4M | $-1.1M |
毛利率EFSCVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% |
营业利润率EFSCVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 42.9% | 0.5% | ||
| Q2 25 | 37.0% | — | ||
| Q1 25 | 36.8% | 0.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | 38.1% | 24.5% | ||
| Q2 24 | 36.7% | 0.2% |
净利率EFSCVNET
| Q1 26 | 26.6% | — | ||
| Q4 25 | 28.3% | — | ||
| Q3 25 | 21.9% | -10.7% | ||
| Q2 25 | 29.6% | — | ||
| Q1 25 | 30.1% | -0.8% | ||
| Q4 24 | 29.2% | — | ||
| Q3 24 | 30.7% | -0.7% | ||
| Q2 24 | 29.1% | -0.4% |
每股收益（稀释后）EFSCVNET
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.45 | — | ||
| Q3 25 | $1.19 | — | ||
| Q2 25 | $1.36 | — | ||
| Q1 25 | $1.31 | — | ||
| Q4 24 | $1.27 | — | ||
| Q3 24 | $1.32 | — | ||
| Q2 24 | $1.19 | — |
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 | — | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $890.8M |
| 总资产 | $17.3B | $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EFSCVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $219.5M | ||
| Q2 24 | — | $247.2M |
总债务EFSCVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益EFSCVNET
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | $890.8M | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | $927.8M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | $902.9M | ||
| Q2 24 | $1.8B | $900.6M |
总资产EFSCVNET
| Q1 26 | $17.3B | — | ||
| Q4 25 | $17.3B | — | ||
| Q3 25 | $16.4B | $6.1B | ||
| Q2 25 | $16.1B | — | ||
| Q1 25 | $15.7B | $5.4B | ||
| Q4 24 | $15.6B | — | ||
| Q3 24 | $15.0B | $4.3B | ||
| Q2 24 | $14.6B | $4.0B |
负债/权益比EFSCVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 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 | — | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -53.2% |
| 资本支出强度资本支出/营收 | — | 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 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流EFSCVNET
| Q1 26 | — | — | ||
| Q4 25 | $193.5M | — | ||
| Q3 25 | $49.4M | $113.8M | ||
| Q2 25 | $61.3M | — | ||
| Q1 25 | $40.0M | $27.0M | ||
| Q4 24 | $247.4M | — | ||
| Q3 24 | $89.0M | $108.3M | ||
| Q2 24 | $76.5M | $55.8M |
自由现金流EFSCVNET
| Q1 26 | — | — | ||
| Q4 25 | $181.5M | — | ||
| Q3 25 | $47.1M | $-193.1M | ||
| Q2 25 | $59.0M | — | ||
| Q1 25 | $35.6M | $-220.0M | ||
| Q4 24 | $239.9M | — | ||
| Q3 24 | $88.2M | $-95.0M | ||
| Q2 24 | $74.7M | $-81.6M |
自由现金流率EFSCVNET
| Q1 26 | — | — | ||
| Q4 25 | 93.8% | — | ||
| Q3 25 | 22.8% | -53.2% | ||
| Q2 25 | 34.0% | — | ||
| Q1 25 | 21.5% | -71.1% | ||
| Q4 24 | 143.7% | — | ||
| Q3 24 | 53.5% | -31.4% | ||
| Q2 24 | 47.9% | -29.8% |
资本支出强度EFSCVNET
| Q1 26 | — | — | ||
| Q4 25 | 6.2% | — | ||
| Q3 25 | 1.1% | 84.6% | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 2.7% | 79.8% | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 0.5% | 67.3% | ||
| Q2 24 | 1.1% | 50.1% |
现金转化率EFSCVNET
| Q1 26 | — | — | ||
| Q4 25 | 3.53× | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | 0.80× | — | ||
| Q4 24 | 5.07× | — | ||
| Q3 24 | 1.76× | — | ||
| Q2 24 | 1.68× | — |
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
EFSC
| Net Interest Income | $166.1M | 90% |
| Noninterest Income | $19.1M | 10% |
VNET
暂无分部数据
