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eHealth, Inc.（EHTH）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eHealth, Inc.的1.1倍（$362.7M vs $326.2M），eHealth, Inc.净利率更高（26.7% vs -10.7%，领先37.4%），eHealth, Inc.自由现金流更多（$-36.1M vs $-193.1M），过去两年eHealth, Inc.的营收复合增速更高（87.3% vs 17.4%）
eHealth, Inc.以eHealthInsurance品牌开展业务，是一家公开上市的健康保险在线交易平台，公司注册于特拉华州，总部位于加利福尼亚州圣克拉拉。该平台主要提供医疗保险相关计划，涵盖联邦医疗保险处方药计划、联邦医疗保险补充计划、优势计划等产品，同时也售卖个人健康保险产品，业务覆盖美国全部50个州及华盛顿特区。
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。
EHTH vs VNET — 直观对比
营收规模更大
VNET
是对方的1.1倍
$326.2M
净利率更高
EHTH
高出37.4%
-10.7%
自由现金流更多
EHTH
多$157.0M
$-193.1M
两年增速更快
EHTH
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $326.2M | $362.7M |
| 净利润 | $87.2M | $-38.7M |
| 毛利率 | 55.3% | 20.9% |
| 营业利润率 | 38.7% | 0.5% |
| 净利率 | 26.7% | -10.7% |
| 营收同比 | 3.5% | — |
| 净利润同比 | -10.6% | — |
| 每股收益（稀释后） | $2.43 | — |
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EHTHVNET
| Q4 25 | $326.2M | — | ||
| Q3 25 | $53.9M | $362.7M | ||
| Q2 25 | $60.8M | — | ||
| Q1 25 | $113.1M | $309.5M | ||
| Q4 24 | $315.2M | — | ||
| Q3 24 | $58.4M | $302.2M | ||
| Q2 24 | $65.9M | $274.4M | ||
| Q1 24 | $93.0M | $262.9M |
净利润EHTHVNET
| Q4 25 | $87.2M | — | ||
| Q3 25 | $-31.7M | $-38.7M | ||
| Q2 25 | $-17.4M | — | ||
| Q1 25 | $1.9M | $-2.4M | ||
| Q4 24 | $97.5M | — | ||
| Q3 24 | $-42.5M | $-2.1M | ||
| Q2 24 | $-28.0M | $-1.1M | ||
| Q1 24 | $-17.0M | $-22.0M |
毛利率EHTHVNET
| Q4 25 | 55.3% | — | ||
| Q3 25 | -0.3% | 20.9% | ||
| Q2 25 | 31.1% | — | ||
| Q1 25 | 36.9% | 25.2% | ||
| Q4 24 | 52.0% | — | ||
| Q3 24 | -6.5% | 23.2% | ||
| Q2 24 | 28.7% | 21.3% | ||
| Q1 24 | 31.7% | 21.6% |
营业利润率EHTHVNET
| Q4 25 | 38.7% | — | ||
| Q3 25 | -77.1% | 0.5% | ||
| Q2 25 | -37.9% | — | ||
| Q1 25 | 4.2% | 0.1% | ||
| Q4 24 | 35.7% | — | ||
| Q3 24 | -74.0% | 24.5% | ||
| Q2 24 | -42.5% | 0.2% | ||
| Q1 24 | -19.3% | 0.2% |
净利率EHTHVNET
| Q4 25 | 26.7% | — | ||
| Q3 25 | -58.8% | -10.7% | ||
| Q2 25 | -28.6% | — | ||
| Q1 25 | 1.7% | -0.8% | ||
| Q4 24 | 30.9% | — | ||
| Q3 24 | -72.7% | -0.7% | ||
| Q2 24 | -42.5% | -0.4% | ||
| Q1 24 | -18.3% | -8.4% |
每股收益（稀释后）EHTHVNET
| Q4 25 | $2.43 | — | ||
| Q3 25 | $-1.46 | — | ||
| Q2 25 | $-0.98 | — | ||
| Q1 25 | $-0.33 | — | ||
| Q4 24 | $2.93 | — | ||
| Q3 24 | $-1.83 | — | ||
| Q2 24 | $-1.33 | — | ||
| Q1 24 | $-0.96 | — |
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 | $73.7M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $591.6M | $890.8M |
| 总资产 | $1.3B | $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EHTHVNET
| Q4 25 | $73.7M | — | ||
| Q3 25 | $63.1M | $492.1M | ||
| Q2 25 | $65.9M | — | ||
| Q1 25 | $121.1M | $544.3M | ||
| Q4 24 | $39.2M | — | ||
| Q3 24 | $64.0M | $219.5M | ||
| Q2 24 | $126.3M | $247.2M | ||
| Q1 24 | $175.0M | $246.9M |
总债务EHTHVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EHTHVNET
| Q4 25 | $591.6M | — | ||
| Q3 25 | $514.2M | $890.8M | ||
| Q2 25 | $554.9M | — | ||
| Q1 25 | $581.6M | $927.8M | ||
| Q4 24 | $588.4M | — | ||
| Q3 24 | $499.3M | $902.9M | ||
| Q2 24 | $548.9M | $900.6M | ||
| Q1 24 | $582.8M | $895.1M |
总资产EHTHVNET
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.0B | $6.1B | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | $5.4B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.0B | $4.3B | ||
| Q2 24 | $1.0B | $4.0B | ||
| Q1 24 | $1.1B | $3.9B |
负债/权益比EHTHVNET
| 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 | $-35.9M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-36.1M | $-193.1M |
| 自由现金流率自由现金流/营收 | -11.1% | -53.2% |
| 资本支出强度资本支出/营收 | 0.0% | 84.6% |
| 现金转化率经营现金流/净利润 | -0.41× | — |
| 过去12个月自由现金流最近4个季度 | $-27.6M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流EHTHVNET
| Q4 25 | $-35.9M | — | ||
| Q3 25 | $-25.3M | $113.8M | ||
| Q2 25 | $-41.2M | — | ||
| Q1 25 | $77.1M | $27.0M | ||
| Q4 24 | $-27.7M | — | ||
| Q3 24 | $-29.3M | $108.3M | ||
| Q2 24 | $-32.2M | $55.8M | ||
| Q1 24 | $70.8M | $37.1M |
自由现金流EHTHVNET
| Q4 25 | $-36.1M | — | ||
| Q3 25 | $-25.5M | $-193.1M | ||
| Q2 25 | $-42.8M | — | ||
| Q1 25 | $76.8M | $-220.0M | ||
| Q4 24 | $-28.3M | — | ||
| Q3 24 | $-30.3M | $-95.0M | ||
| Q2 24 | $-32.4M | $-81.6M | ||
| Q1 24 | $70.6M | $-102.2M |
自由现金流率EHTHVNET
| Q4 25 | -11.1% | — | ||
| Q3 25 | -47.4% | -53.2% | ||
| Q2 25 | -70.4% | — | ||
| Q1 25 | 67.9% | -71.1% | ||
| Q4 24 | -9.0% | — | ||
| Q3 24 | -51.8% | -31.4% | ||
| Q2 24 | -49.3% | -29.8% | ||
| Q1 24 | 75.9% | -38.9% |
资本支出强度EHTHVNET
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.4% | 84.6% | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 0.3% | 79.8% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 1.7% | 67.3% | ||
| Q2 24 | 0.4% | 50.1% | ||
| Q1 24 | 0.2% | 53.0% |
现金转化率EHTHVNET
| Q4 25 | -0.41× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 39.55× | — | ||
| Q4 24 | -0.28× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
EHTH
| Medicare | $282.7M | 87% |
| Other | $29.2M | 9% |
| Ancillaries | $7.9M | 2% |
| Commission Members Approved In Prior Periods | $3.8M | 1% |
| Small Business | $3.1M | 1% |
| Commission Revenue From Renewals | $2.4M | 1% |
VNET
暂无分部数据
