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西蒙地产集团（ELS）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
西蒙地产集团的季度营收约是世纪互联的1.1倍（$397.6M vs $362.7M），过去两年世纪互联的营收复合增速更高（17.4% vs 2.3%）
西蒙地产集团是美国头部房地产投资信托企业，投资范围涵盖购物中心、奥特莱斯及社区生活中心等商业地产业态，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业权益。
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。
ELS vs VNET — 直观对比
营收规模更大
ELS
是对方的1.1倍
$362.7M
两年增速更快
VNET
近两年复合增速
2.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $397.6M | $362.7M |
| 净利润 | — | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | — | 0.5% |
| 净利率 | — | -10.7% |
| 营收同比 | 2.7% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.56 | — |
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ELSVNET
| Q1 26 | $397.6M | — | ||
| Q4 25 | $373.9M | — | ||
| Q3 25 | $393.3M | $362.7M | ||
| Q2 25 | $376.9M | — | ||
| Q1 25 | $387.3M | $309.5M | ||
| Q4 24 | $372.3M | — | ||
| Q3 24 | $387.3M | $302.2M | ||
| Q2 24 | $380.0M | $274.4M |
净利润ELSVNET
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | — | ||
| Q3 25 | $100.4M | $-38.7M | ||
| Q2 25 | $83.5M | — | ||
| Q1 25 | $114.4M | $-2.4M | ||
| Q4 24 | $100.6M | — | ||
| Q3 24 | $86.9M | $-2.1M | ||
| Q2 24 | $82.1M | $-1.1M |
毛利率ELSVNET
| 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ELSVNET
| Q1 26 | — | — | ||
| Q4 25 | 26.5% | — | ||
| Q3 25 | 25.1% | 0.5% | ||
| Q2 25 | 22.3% | — | ||
| Q1 25 | 28.3% | 0.1% | ||
| Q4 24 | 27.2% | — | ||
| Q3 24 | 21.4% | 24.5% | ||
| Q2 24 | 21.5% | 0.2% |
净利率ELSVNET
| Q1 26 | — | — | ||
| Q4 25 | 27.8% | — | ||
| Q3 25 | 25.5% | -10.7% | ||
| Q2 25 | 22.2% | — | ||
| Q1 25 | 29.5% | -0.8% | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 22.4% | -0.7% | ||
| Q2 24 | 21.6% | -0.4% |
每股收益（稀释后）ELSVNET
| Q1 26 | $0.56 | — | ||
| Q4 25 | $0.52 | — | ||
| Q3 25 | $0.50 | — | ||
| Q2 25 | $0.42 | — | ||
| Q1 25 | $0.57 | — | ||
| Q4 24 | $0.51 | — | ||
| Q3 24 | $0.44 | — | ||
| Q2 24 | $0.42 | — |
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 | $1.8B | $890.8M |
| 总资产 | $5.7M | $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ELSVNET
| 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ELSVNET
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益ELSVNET
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | $890.8M | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | $927.8M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.4B | $902.9M | ||
| Q2 24 | $1.4B | $900.6M |
总资产ELSVNET
| Q1 26 | $5.7M | — | ||
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.7B | $6.1B | ||
| Q2 25 | $5.7B | — | ||
| Q1 25 | $5.6B | $5.4B | ||
| Q4 24 | $5.6B | — | ||
| Q3 24 | $5.6B | $4.3B | ||
| Q2 24 | $5.6B | $4.0B |
负债/权益比ELSVNET
| Q1 26 | — | — | ||
| Q4 25 | 1.91× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.84× | — | ||
| 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ELSVNET
| Q1 26 | — | — | ||
| Q4 25 | $571.1M | — | ||
| Q3 25 | $147.0M | $113.8M | ||
| Q2 25 | $131.3M | — | ||
| Q1 25 | $193.4M | $27.0M | ||
| Q4 24 | $596.7M | — | ||
| Q3 24 | $149.5M | $108.3M | ||
| Q2 24 | $143.1M | $55.8M |
自由现金流ELSVNET
| Q1 26 | — | — | ||
| Q4 25 | $334.1M | — | ||
| Q3 25 | $75.7M | $-193.1M | ||
| Q2 25 | $71.8M | — | ||
| Q1 25 | $148.2M | $-220.0M | ||
| Q4 24 | $355.4M | — | ||
| Q3 24 | $91.1M | $-95.0M | ||
| Q2 24 | $80.6M | $-81.6M |
自由现金流率ELSVNET
| Q1 26 | — | — | ||
| Q4 25 | 89.4% | — | ||
| Q3 25 | 19.3% | -53.2% | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 38.3% | -71.1% | ||
| Q4 24 | 95.5% | — | ||
| Q3 24 | 23.5% | -31.4% | ||
| Q2 24 | 21.2% | -29.8% |
资本支出强度ELSVNET
| Q1 26 | — | — | ||
| Q4 25 | 63.4% | — | ||
| Q3 25 | 18.1% | 84.6% | ||
| Q2 25 | 15.8% | — | ||
| Q1 25 | 11.7% | 79.8% | ||
| Q4 24 | 64.8% | — | ||
| Q3 24 | 15.1% | 67.3% | ||
| Q2 24 | 16.5% | 50.1% |
现金转化率ELSVNET
| Q1 26 | — | — | ||
| Q4 25 | 5.50× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.69× | — | ||
| Q4 24 | 5.93× | — | ||
| Q3 24 | 1.72× | — | ||
| Q2 24 | 1.74× | — |
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
ELS
| Rental income | $339.0M | 85% |
| Other | $37.2M | 9% |
| Annual membership subscriptions | $18.3M | 5% |
| Membership upgrade revenue | $3.1M | 1% |
VNET
暂无分部数据
