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EPR PROPERTIES（EPR）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EPR PROPERTIES的2.0倍（$362.7M vs $182.9M），EPR PROPERTIES净利率更高（36.6% vs -10.7%，领先47.2%），EPR PROPERTIES自由现金流更多（$269.2M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 4.6%）
EPR地产（前身为娱乐地产信托）是总部位于美国密苏里州堪萨斯城的房地产投资信托企业，专注投资游乐园、电影院、滑雪度假村等娱乐类地产项目，截至2022年共持有353处物业。
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。
EPR vs VNET — 直观对比
营收规模更大
VNET
是对方的2.0倍
$182.9M
净利率更高
EPR
高出47.2%
-10.7%
自由现金流更多
EPR
多$462.3M
$-193.1M
两年增速更快
VNET
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $182.9M | $362.7M |
| 净利润 | $66.9M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 56.8% | 0.5% |
| 净利率 | 36.6% | -10.7% |
| 营收同比 | 3.2% | — |
| 净利润同比 | 897.0% | — |
| 每股收益（稀释后） | $0.80 | — |
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EPRVNET
| Q4 25 | $182.9M | — | ||
| Q3 25 | $182.3M | $362.7M | ||
| Q2 25 | $178.1M | — | ||
| Q1 25 | $175.0M | $309.5M | ||
| Q4 24 | $177.2M | — | ||
| Q3 24 | $180.5M | $302.2M | ||
| Q2 24 | $173.1M | $274.4M | ||
| Q1 24 | $167.2M | $262.9M |
净利润EPRVNET
| Q4 25 | $66.9M | — | ||
| Q3 25 | $66.6M | $-38.7M | ||
| Q2 25 | $75.6M | — | ||
| Q1 25 | $65.8M | $-2.4M | ||
| Q4 24 | $-8.4M | — | ||
| Q3 24 | $46.6M | $-2.1M | ||
| Q2 24 | $45.1M | $-1.1M | ||
| Q1 24 | $62.7M | $-22.0M |
毛利率EPRVNET
| 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EPRVNET
| Q4 25 | 56.8% | — | ||
| Q3 25 | 53.5% | 0.5% | ||
| Q2 25 | 62.5% | — | ||
| Q1 25 | 58.1% | 0.1% | ||
| Q4 24 | 25.5% | — | ||
| Q3 24 | 51.4% | 24.5% | ||
| Q2 24 | 45.9% | 0.2% | ||
| Q1 24 | 58.8% | 0.2% |
净利率EPRVNET
| Q4 25 | 36.6% | — | ||
| Q3 25 | 36.5% | -10.7% | ||
| Q2 25 | 42.5% | — | ||
| Q1 25 | 37.6% | -0.8% | ||
| Q4 24 | -4.7% | — | ||
| Q3 24 | 25.8% | -0.7% | ||
| Q2 24 | 26.1% | -0.4% | ||
| Q1 24 | 37.5% | -8.4% |
每股收益（稀释后）EPRVNET
| Q4 25 | $0.80 | — | ||
| Q3 25 | $0.79 | — | ||
| Q2 25 | $0.91 | — | ||
| Q1 25 | $0.78 | — | ||
| Q4 24 | $-0.19 | — | ||
| Q3 24 | $0.53 | — | ||
| Q2 24 | $0.51 | — | ||
| Q1 24 | $0.75 | — |
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 | $90.6M | $492.1M |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | $2.3B | $890.8M |
| 总资产 | $5.7B | $6.1B |
| 负债/权益比越低杠杆越低 | 1.26× | — |
8季度趋势，按日历期对齐
现金及短期投资EPRVNET
| Q4 25 | $90.6M | — | ||
| Q3 25 | $13.7M | $492.1M | ||
| Q2 25 | $13.0M | — | ||
| Q1 25 | $20.6M | $544.3M | ||
| Q4 24 | $22.1M | — | ||
| Q3 24 | $35.3M | $219.5M | ||
| Q2 24 | $33.7M | $247.2M | ||
| Q1 24 | $59.5M | $246.9M |
总债务EPRVNET
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.9B | $1.2B | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.8B | — |
股东权益EPRVNET
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | $890.8M | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | $927.8M | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.4B | $902.9M | ||
| Q2 24 | $2.4B | $900.6M | ||
| Q1 24 | $2.4B | $895.1M |
总资产EPRVNET
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.5B | $6.1B | ||
| Q2 25 | $5.6B | — | ||
| Q1 25 | $5.5B | $5.4B | ||
| Q4 24 | $5.6B | — | ||
| Q3 24 | $5.7B | $4.3B | ||
| Q2 24 | $5.6B | $4.0B | ||
| Q1 24 | $5.7B | $3.9B |
负债/权益比EPRVNET
| Q4 25 | 1.26× | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 1.23× | — | ||
| Q3 24 | 1.19× | 1.28× | ||
| Q2 24 | 1.16× | — | ||
| Q1 24 | 1.15× | — |
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 | $421.0M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $269.2M | $-193.1M |
| 自由现金流率自由现金流/营收 | 147.1% | -53.2% |
| 资本支出强度资本支出/营收 | 82.9% | 84.6% |
| 现金转化率经营现金流/净利润 | 6.29× | — |
| 过去12个月自由现金流最近4个季度 | $568.5M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流EPRVNET
| Q4 25 | $421.0M | — | ||
| Q3 25 | $136.5M | $113.8M | ||
| Q2 25 | $87.3M | — | ||
| Q1 25 | $99.4M | $27.0M | ||
| Q4 24 | $393.1M | — | ||
| Q3 24 | $122.0M | $108.3M | ||
| Q2 24 | $78.7M | $55.8M | ||
| Q1 24 | $99.5M | $37.1M |
自由现金流EPRVNET
| Q4 25 | $269.2M | — | ||
| Q3 25 | $132.1M | $-193.1M | ||
| Q2 25 | $82.4M | — | ||
| Q1 25 | $84.7M | $-220.0M | ||
| Q4 24 | $129.2M | — | ||
| Q3 24 | $121.5M | $-95.0M | ||
| Q2 24 | $71.3M | $-81.6M | ||
| Q1 24 | $65.0M | $-102.2M |
自由现金流率EPRVNET
| Q4 25 | 147.1% | — | ||
| Q3 25 | 72.5% | -53.2% | ||
| Q2 25 | 46.3% | — | ||
| Q1 25 | 48.4% | -71.1% | ||
| Q4 24 | 72.9% | — | ||
| Q3 24 | 67.3% | -31.4% | ||
| Q2 24 | 41.2% | -29.8% | ||
| Q1 24 | 38.9% | -38.9% |
资本支出强度EPRVNET
| Q4 25 | 82.9% | — | ||
| Q3 25 | 2.4% | 84.6% | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 8.4% | 79.8% | ||
| Q4 24 | 148.9% | — | ||
| Q3 24 | 0.3% | 67.3% | ||
| Q2 24 | 4.2% | 50.1% | ||
| Q1 24 | 20.6% | 53.0% |
现金转化率EPRVNET
| Q4 25 | 6.29× | — | ||
| Q3 25 | 2.05× | — | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.62× | — | ||
| Q2 24 | 1.74× | — | ||
| Q1 24 | 1.59× | — |
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
EPR
| Experiential Reportable Operating Segment | $173.3M | 95% |
| Education Reportable Operating Segment | $9.5M | 5% |
VNET
暂无分部数据
