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ExlService Holdings, Inc.（EXLS）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
ExlService Holdings, Inc.的季度营收约是世纪互联的1.5倍（$542.6M vs $362.7M），ExlService Holdings, Inc.净利率更高（11.1% vs -10.7%，领先21.8%），ExlService Holdings, Inc.自由现金流更多（$106.5M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 11.5%）
ExlService Holdings Inc.是全球知名的分析与数字解决方案服务商，服务覆盖保险、医疗健康、银行金融服务、媒体、零售等多个行业，总部位于纽约，在美国、欧洲、亚洲、拉美、澳大利亚、南非等地拥有超过5.4万名专业从业人员。
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。
EXLS vs VNET — 直观对比
营收规模更大
EXLS
是对方的1.5倍
$362.7M
净利率更高
EXLS
高出21.8%
-10.7%
自由现金流更多
EXLS
多$299.6M
$-193.1M
两年增速更快
VNET
近两年复合增速
11.5%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $362.7M |
| 净利润 | $60.2M | $-38.7M |
| 毛利率 | 38.6% | 20.9% |
| 营业利润率 | 14.4% | 0.5% |
| 净利率 | 11.1% | -10.7% |
| 营收同比 | 12.7% | — |
| 净利润同比 | 18.9% | — |
| 每股收益（稀释后） | $0.38 | — |
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EXLSVNET
| Q4 25 | $542.6M | — | ||
| Q3 25 | $529.6M | $362.7M | ||
| Q2 25 | $514.5M | — | ||
| Q1 25 | $501.0M | $309.5M | ||
| Q4 24 | $481.4M | — | ||
| Q3 24 | $472.1M | $302.2M | ||
| Q2 24 | $448.4M | $274.4M | ||
| Q1 24 | $436.5M | $262.9M |
净利润EXLSVNET
| Q4 25 | $60.2M | — | ||
| Q3 25 | $58.2M | $-38.7M | ||
| Q2 25 | $66.1M | — | ||
| Q1 25 | $66.6M | $-2.4M | ||
| Q4 24 | $50.7M | — | ||
| Q3 24 | $53.0M | $-2.1M | ||
| Q2 24 | $45.8M | $-1.1M | ||
| Q1 24 | $48.8M | $-22.0M |
毛利率EXLSVNET
| Q4 25 | 38.6% | — | ||
| Q3 25 | 38.5% | 20.9% | ||
| Q2 25 | 37.7% | — | ||
| Q1 25 | 38.6% | 25.2% | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 37.8% | 23.2% | ||
| Q2 24 | 37.1% | 21.3% | ||
| Q1 24 | 37.4% | 21.6% |
营业利润率EXLSVNET
| Q4 25 | 14.4% | — | ||
| Q3 25 | 14.4% | 0.5% | ||
| Q2 25 | 15.8% | — | ||
| Q1 25 | 15.7% | 0.1% | ||
| Q4 24 | 14.8% | — | ||
| Q3 24 | 14.7% | 24.5% | ||
| Q2 24 | 13.7% | 0.2% | ||
| Q1 24 | 14.1% | 0.2% |
净利率EXLSVNET
| Q4 25 | 11.1% | — | ||
| Q3 25 | 11.0% | -10.7% | ||
| Q2 25 | 12.8% | — | ||
| Q1 25 | 13.3% | -0.8% | ||
| Q4 24 | 10.5% | — | ||
| Q3 24 | 11.2% | -0.7% | ||
| Q2 24 | 10.2% | -0.4% | ||
| Q1 24 | 11.2% | -8.4% |
每股收益（稀释后）EXLSVNET
| Q4 25 | $0.38 | — | ||
| Q3 25 | $0.36 | — | ||
| Q2 25 | $0.40 | — | ||
| Q1 25 | $0.40 | — | ||
| Q4 24 | $0.31 | — | ||
| Q3 24 | $0.33 | — | ||
| Q2 24 | $0.28 | — | ||
| Q1 24 | $0.29 | — |
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 | $328.4M | $492.1M |
| 总债务越低越好 | $298.6M | — |
| 股东权益账面价值 | $912.7M | $890.8M |
| 总资产 | $1.7B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资EXLSVNET
| Q4 25 | $328.4M | — | ||
| Q3 25 | $390.1M | $492.1M | ||
| Q2 25 | $353.3M | — | ||
| Q1 25 | $331.4M | $544.3M | ||
| Q4 24 | $340.6M | — | ||
| Q3 24 | $325.8M | $219.5M | ||
| Q2 24 | $276.1M | $247.2M | ||
| Q1 24 | $246.2M | $246.9M |
总债务EXLSVNET
| Q4 25 | $298.6M | — | ||
| Q3 25 | $354.8M | — | ||
| Q2 25 | $260.0M | — | ||
| Q1 25 | $307.3M | — | ||
| Q4 24 | $288.5M | — | ||
| Q3 24 | $344.7M | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益EXLSVNET
| Q4 25 | $912.7M | — | ||
| Q3 25 | $952.4M | $890.8M | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.0B | $927.8M | ||
| Q4 24 | $929.9M | — | ||
| Q3 24 | $907.6M | $902.9M | ||
| Q2 24 | $852.6M | $900.6M | ||
| Q1 24 | $803.3M | $895.1M |
总资产EXLSVNET
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $6.1B | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | $5.4B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | $4.3B | ||
| Q2 24 | $1.5B | $4.0B | ||
| Q1 24 | $1.4B | $3.9B |
负债/权益比EXLSVNET
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.38× | 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 | $117.4M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $106.5M | $-193.1M |
| 自由现金流率自由现金流/营收 | 19.6% | -53.2% |
| 资本支出强度资本支出/营收 | 2.0% | 84.6% |
| 现金转化率经营现金流/净利润 | 1.95× | — |
| 过去12个月自由现金流最近4个季度 | $298.1M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流EXLSVNET
| Q4 25 | $117.4M | — | ||
| Q3 25 | $120.7M | $113.8M | ||
| Q2 25 | $109.4M | — | ||
| Q1 25 | $3.2M | $27.0M | ||
| Q4 24 | $105.3M | — | ||
| Q3 24 | $110.1M | $108.3M | ||
| Q2 24 | $74.9M | $55.8M | ||
| Q1 24 | $-21.9M | $37.1M |
自由现金流EXLSVNET
| Q4 25 | $106.5M | — | ||
| Q3 25 | $106.4M | $-193.1M | ||
| Q2 25 | $95.0M | — | ||
| Q1 25 | $-9.7M | $-220.0M | ||
| Q4 24 | $95.3M | — | ||
| Q3 24 | $97.3M | $-95.0M | ||
| Q2 24 | $62.8M | $-81.6M | ||
| Q1 24 | $-33.1M | $-102.2M |
自由现金流率EXLSVNET
| Q4 25 | 19.6% | — | ||
| Q3 25 | 20.1% | -53.2% | ||
| Q2 25 | 18.5% | — | ||
| Q1 25 | -1.9% | -71.1% | ||
| Q4 24 | 19.8% | — | ||
| Q3 24 | 20.6% | -31.4% | ||
| Q2 24 | 14.0% | -29.8% | ||
| Q1 24 | -7.6% | -38.9% |
资本支出强度EXLSVNET
| Q4 25 | 2.0% | — | ||
| Q3 25 | 2.7% | 84.6% | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 2.6% | 79.8% | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 2.7% | 67.3% | ||
| Q2 24 | 2.7% | 50.1% | ||
| Q1 24 | 2.6% | 53.0% |
现金转化率EXLSVNET
| Q4 25 | 1.95× | — | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 1.66× | — | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | 2.08× | — | ||
| Q3 24 | 2.08× | — | ||
| Q2 24 | 1.63× | — | ||
| Q1 24 | -0.45× | — |
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
EXLS
| Insurance | $185.8M | 34% |
| Healthcare And Life Sciences | $142.2M | 26% |
| Banking Capital Markets And Diversified Industries | $122.6M | 23% |
| International Growth Markets | $92.0M | 17% |
VNET
暂无分部数据
