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EXTREME NETWORKS INC（EXTR）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EXTREME NETWORKS INC的1.1倍（$362.7M vs $316.9M），EXTREME NETWORKS INC净利率更高（3.3% vs -10.7%，领先14.0%），EXTREME NETWORKS INC自由现金流更多（$7.8M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 11.1%）
Extreme Networks是一家总部位于美国北卡罗来纳州莫里斯维尔的网络技术企业，专注于设计、研发和生产有线及无线网络基础设施设备，同时开发用于网络管理、策略管控、数据分析、安全防护及访问控制的相关软件，为各行业客户提供高效的网络解决方案。
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。
EXTR vs VNET — 直观对比
营收规模更大
VNET
是对方的1.1倍
$316.9M
净利率更高
EXTR
高出14.0%
-10.7%
自由现金流更多
EXTR
多$200.9M
$-193.1M
两年增速更快
VNET
近两年复合增速
11.1%
损益表 — Q4 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $316.9M | $362.7M |
| 净利润 | $10.6M | $-38.7M |
| 毛利率 | 61.7% | 20.9% |
| 营业利润率 | 5.5% | 0.5% |
| 净利率 | 3.3% | -10.7% |
| 营收同比 | 11.4% | — |
| 净利润同比 | 202.9% | — |
| 每股收益（稀释后） | $0.08 | — |
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EXTRVNET
| Q2 26 | $316.9M | — | ||
| Q4 25 | $317.9M | — | ||
| Q3 25 | $310.2M | $362.7M | ||
| Q2 25 | $307.0M | — | ||
| Q1 25 | $284.5M | $309.5M | ||
| Q4 24 | $279.4M | — | ||
| Q3 24 | $269.2M | $302.2M | ||
| Q2 24 | $256.7M | $274.4M |
净利润EXTRVNET
| Q2 26 | $10.6M | — | ||
| Q4 25 | $7.9M | — | ||
| Q3 25 | $5.6M | $-38.7M | ||
| Q2 25 | $-7.8M | — | ||
| Q1 25 | $3.5M | $-2.4M | ||
| Q4 24 | $7.4M | — | ||
| Q3 24 | $-10.5M | $-2.1M | ||
| Q2 24 | $-54.2M | $-1.1M |
毛利率EXTRVNET
| Q2 26 | 61.7% | — | ||
| Q4 25 | 61.4% | — | ||
| Q3 25 | 60.6% | 20.9% | ||
| Q2 25 | 61.6% | — | ||
| Q1 25 | 61.7% | 25.2% | ||
| Q4 24 | 62.7% | — | ||
| Q3 24 | 63.0% | 23.2% | ||
| Q2 24 | 44.7% | 21.3% |
营业利润率EXTRVNET
| Q2 26 | 5.5% | — | ||
| Q4 25 | 4.1% | — | ||
| Q3 25 | 3.6% | 0.5% | ||
| Q2 25 | -0.4% | — | ||
| Q1 25 | 3.6% | 0.1% | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | -1.8% | 24.5% | ||
| Q2 24 | -19.1% | 0.2% |
净利率EXTRVNET
| Q2 26 | 3.3% | — | ||
| Q4 25 | 2.5% | — | ||
| Q3 25 | 1.8% | -10.7% | ||
| Q2 25 | -2.5% | — | ||
| Q1 25 | 1.2% | -0.8% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | -3.9% | -0.7% | ||
| Q2 24 | -21.1% | -0.4% |
每股收益（稀释后）EXTRVNET
| Q2 26 | $0.08 | — | ||
| Q4 25 | $0.06 | — | ||
| Q3 25 | $0.04 | — | ||
| Q2 25 | $-0.07 | — | ||
| Q1 25 | $0.03 | — | ||
| Q4 24 | $0.06 | — | ||
| Q3 24 | $-0.08 | — | ||
| Q2 24 | $-0.40 | — |
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 | $210.1M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $890.8M |
| 总资产 | $1.2B | $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EXTRVNET
| Q2 26 | $210.1M | — | ||
| Q4 25 | $219.8M | — | ||
| Q3 25 | $209.0M | $492.1M | ||
| Q2 25 | $231.7M | — | ||
| Q1 25 | $185.5M | $544.3M | ||
| Q4 24 | $170.3M | — | ||
| Q3 24 | $159.5M | $219.5M | ||
| Q2 24 | $156.7M | $247.2M |
总债务EXTRVNET
| Q2 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $180.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $190.0M | — |
股东权益EXTRVNET
| Q2 26 | — | — | ||
| Q4 25 | $95.9M | — | ||
| Q3 25 | $68.6M | $890.8M | ||
| Q2 25 | $65.6M | — | ||
| Q1 25 | $71.7M | $927.8M | ||
| Q4 24 | $51.2M | — | ||
| Q3 24 | $32.7M | $902.9M | ||
| Q2 24 | $25.3M | $900.6M |
总资产EXTRVNET
| Q2 26 | $1.2B | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $6.1B | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.1B | $5.4B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $4.3B | ||
| Q2 24 | $1.0B | $4.0B |
负债/权益比EXTRVNET
| Q2 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.74× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | 7.52× | — |
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 | $50.3M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $7.8M | $-193.1M |
| 自由现金流率自由现金流/营收 | 2.5% | -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 | 4.75× | — |
| 过去12个月自由现金流最近4个季度 | $105.3M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流EXTRVNET
| Q2 26 | $50.3M | — | ||
| Q4 25 | $50.1M | — | ||
| Q3 25 | $-14.0M | $113.8M | ||
| Q2 25 | $81.9M | — | ||
| Q1 25 | $30.0M | $27.0M | ||
| Q4 24 | $21.5M | — | ||
| Q3 24 | $18.6M | $108.3M | ||
| Q2 24 | $15.5M | $55.8M |
自由现金流EXTRVNET
| Q2 26 | $7.8M | — | ||
| Q4 25 | $43.0M | — | ||
| Q3 25 | $-20.9M | $-193.1M | ||
| Q2 25 | $75.3M | — | ||
| Q1 25 | $24.2M | $-220.0M | ||
| Q4 24 | $16.1M | — | ||
| Q3 24 | $11.7M | $-95.0M | ||
| Q2 24 | $11.0M | $-81.6M |
自由现金流率EXTRVNET
| Q2 26 | 2.5% | — | ||
| Q4 25 | 13.5% | — | ||
| Q3 25 | -6.7% | -53.2% | ||
| Q2 25 | 24.5% | — | ||
| Q1 25 | 8.5% | -71.1% | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 4.3% | -31.4% | ||
| Q2 24 | 4.3% | -29.8% |
资本支出强度EXTRVNET
| Q2 26 | — | — | ||
| Q4 25 | 2.2% | — | ||
| Q3 25 | 2.2% | 84.6% | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 2.0% | 79.8% | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 2.6% | 67.3% | ||
| Q2 24 | 1.7% | 50.1% |
现金转化率EXTRVNET
| Q2 26 | 4.75× | — | ||
| Q4 25 | 6.37× | — | ||
| Q3 25 | -2.49× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 8.67× | — | ||
| Q4 24 | 2.92× | — | ||
| Q3 24 | — | — | ||
| Q2 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
EXTR
| Product | $199.4M | 63% |
| Subscription and support | $117.5M | 37% |
VNET
暂无分部数据
