vs
Essex Property Trust（ESS）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
Essex Property Trust的季度营收约是世纪互联的1.3倍（$479.6M vs $362.7M），Essex Property Trust净利率更高（17.9% vs -10.7%，领先28.5%），过去两年世纪互联的营收复合增速更高（17.4% vs 6.0%）
Essex Property Trust是一家公开上市的房地产投资信托企业，重点布局美国西海岸优质不动产市场，核心投资标的为加利福尼亚州及西雅图大都会区的公寓类物业，在长租公寓的投资、运营及管理领域拥有深厚的行业积累与资源优势。
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。
ESS vs VNET — 直观对比
营收规模更大
ESS
是对方的1.3倍
$362.7M
净利率更高
ESS
高出28.5%
-10.7%
两年增速更快
VNET
近两年复合增速
6.0%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $479.6M | $362.7M |
| 净利润 | $85.7M | $-38.7M |
| 毛利率 | 70.0% | 20.9% |
| 营业利润率 | 31.7% | 0.5% |
| 净利率 | 17.9% | -10.7% |
| 营收同比 | 5.5% | — |
| 净利润同比 | -71.6% | — |
| 每股收益（稀释后） | $1.24 | — |
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ESSVNET
| Q4 25 | $479.6M | — | ||
| Q3 25 | $473.3M | $362.7M | ||
| Q2 25 | $469.8M | — | ||
| Q1 25 | $464.6M | $309.5M | ||
| Q4 24 | $454.5M | — | ||
| Q3 24 | $450.7M | $302.2M | ||
| Q2 24 | $442.4M | $274.4M | ||
| Q1 24 | $426.9M | $262.9M |
净利润ESSVNET
| Q4 25 | $85.7M | — | ||
| Q3 25 | $172.7M | $-38.7M | ||
| Q2 25 | $231.5M | — | ||
| Q1 25 | $212.8M | $-2.4M | ||
| Q4 24 | $301.7M | — | ||
| Q3 24 | $125.5M | $-2.1M | ||
| Q2 24 | $99.0M | $-1.1M | ||
| Q1 24 | $285.1M | $-22.0M |
毛利率ESSVNET
| Q4 25 | 70.0% | — | ||
| Q3 25 | 69.2% | 20.9% | ||
| Q2 25 | 70.7% | — | ||
| Q1 25 | 69.6% | 25.2% | ||
| Q4 24 | 70.0% | — | ||
| Q3 24 | 69.5% | 23.2% | ||
| Q2 24 | 70.8% | 21.3% | ||
| Q1 24 | 69.7% | 21.6% |
营业利润率ESSVNET
| Q4 25 | 31.7% | — | ||
| Q3 25 | 44.5% | 0.5% | ||
| Q2 25 | 59.5% | — | ||
| Q1 25 | 55.3% | 0.1% | ||
| Q4 24 | 67.0% | — | ||
| Q3 24 | 28.6% | 24.5% | ||
| Q2 24 | 31.1% | 0.2% | ||
| Q1 24 | 31.0% | 0.2% |
净利率ESSVNET
| Q4 25 | 17.9% | — | ||
| Q3 25 | 36.5% | -10.7% | ||
| Q2 25 | 49.3% | — | ||
| Q1 25 | 45.8% | -0.8% | ||
| Q4 24 | 66.4% | — | ||
| Q3 24 | 27.8% | -0.7% | ||
| Q2 24 | 22.4% | -0.4% | ||
| Q1 24 | 66.8% | -8.4% |
每股收益（稀释后）ESSVNET
| Q4 25 | $1.24 | — | ||
| Q3 25 | $2.56 | — | ||
| Q2 25 | $3.44 | — | ||
| Q1 25 | $3.16 | — | ||
| Q4 24 | $4.00 | — | ||
| Q3 24 | $1.84 | — | ||
| Q2 24 | $1.45 | — | ||
| Q1 24 | $4.25 | — |
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 | $76.2M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.5B | $890.8M |
| 总资产 | $13.2B | $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ESSVNET
| Q4 25 | $76.2M | — | ||
| Q3 25 | $66.0M | $492.1M | ||
| Q2 25 | $58.7M | — | ||
| Q1 25 | $98.7M | $544.3M | ||
| Q4 24 | $66.8M | — | ||
| Q3 24 | $71.3M | $219.5M | ||
| Q2 24 | $55.2M | $247.2M | ||
| Q1 24 | $499.0M | $246.9M |
总债务ESSVNET
| Q4 25 | — | — | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $6.4B | $1.2B | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.6B | — |
股东权益ESSVNET
| Q4 25 | $5.5B | — | ||
| Q3 25 | $5.6B | $890.8M | ||
| Q2 25 | $5.6B | — | ||
| Q1 25 | $5.6B | $927.8M | ||
| Q4 24 | $5.5B | — | ||
| Q3 24 | $5.4B | $902.9M | ||
| Q2 24 | $5.5B | $900.6M | ||
| Q1 24 | $5.5B | $895.1M |
总资产ESSVNET
| Q4 25 | $13.2B | — | ||
| Q3 25 | $13.2B | $6.1B | ||
| Q2 25 | $13.2B | — | ||
| Q1 25 | $13.2B | $5.4B | ||
| Q4 24 | $12.9B | — | ||
| Q3 24 | $12.6B | $4.3B | ||
| Q2 24 | $12.5B | $4.0B | ||
| Q1 24 | $12.9B | $3.9B |
负债/权益比ESSVNET
| Q4 25 | — | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.18× | 1.28× | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | 1.19× | — |
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 | $1.1B | $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 | 12.53× | — |
| 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ESSVNET
| Q4 25 | $1.1B | — | ||
| Q3 25 | $342.6M | $113.8M | ||
| Q2 25 | $216.1M | — | ||
| Q1 25 | $281.5M | $27.0M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $316.2M | $108.3M | ||
| Q2 24 | $218.9M | $55.8M | ||
| Q1 24 | $314.9M | $37.1M |
自由现金流ESSVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率ESSVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度ESSVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率ESSVNET
| Q4 25 | 12.53× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 2.52× | — | ||
| Q2 24 | 2.21× | — | ||
| Q1 24 | 1.10× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
