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FORUM ENERGY TECHNOLOGIES, INC.（FET）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FORUM ENERGY TECHNOLOGIES, INC.的1.8倍（$362.7M vs $202.2M），FORUM ENERGY TECHNOLOGIES, INC.净利率更高（1.0% vs -10.7%，领先11.7%），FORUM ENERGY TECHNOLOGIES, INC.自由现金流更多（$20.9M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -0.0%）
Forum Energy Technologies是一家美国能源领域产品企业，面向全球油气及可再生能源行业，提供相关产品与配套服务，在能源产业链中为上下游客户供应专业配套解决方案。
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。
FET vs VNET — 直观对比
营收规模更大
VNET
是对方的1.8倍
$202.2M
净利率更高
FET
高出11.7%
-10.7%
自由现金流更多
FET
多$214.0M
$-193.1M
两年增速更快
VNET
近两年复合增速
-0.0%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $202.2M | $362.7M |
| 净利润 | $2.1M | $-38.7M |
| 毛利率 | 30.2% | 20.9% |
| 营业利润率 | 6.3% | 0.5% |
| 净利率 | 1.0% | -10.7% |
| 营收同比 | 0.6% | — |
| 净利润同比 | 102.0% | — |
| 每股收益（稀释后） | $0.25 | — |
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FETVNET
| Q4 25 | $202.2M | — | ||
| Q3 25 | $196.2M | $362.7M | ||
| Q2 25 | $199.8M | — | ||
| Q1 25 | $193.3M | $309.5M | ||
| Q4 24 | $201.0M | — | ||
| Q3 24 | $207.8M | $302.2M | ||
| Q2 24 | $205.2M | $274.4M | ||
| Q1 24 | $202.4M | $262.9M |
净利润FETVNET
| Q4 25 | $2.1M | — | ||
| Q3 25 | $-20.6M | $-38.7M | ||
| Q2 25 | $7.7M | — | ||
| Q1 25 | $1.1M | $-2.4M | ||
| Q4 24 | $-103.5M | — | ||
| Q3 24 | $-14.8M | $-2.1M | ||
| Q2 24 | $-6.7M | $-1.1M | ||
| Q1 24 | $-10.3M | $-22.0M |
毛利率FETVNET
| Q4 25 | 30.2% | — | ||
| Q3 25 | 20.5% | 20.9% | ||
| Q2 25 | 29.7% | — | ||
| Q1 25 | 30.2% | 25.2% | ||
| Q4 24 | 31.1% | — | ||
| Q3 24 | 31.6% | 23.2% | ||
| Q2 24 | 30.7% | 21.3% | ||
| Q1 24 | 31.5% | 21.6% |
营业利润率FETVNET
| Q4 25 | 6.3% | — | ||
| Q3 25 | -3.1% | 0.5% | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | 4.6% | 0.1% | ||
| Q4 24 | -53.1% | — | ||
| Q3 24 | 4.3% | 24.5% | ||
| Q2 24 | 3.9% | 0.2% | ||
| Q1 24 | 1.6% | 0.2% |
净利率FETVNET
| Q4 25 | 1.0% | — | ||
| Q3 25 | -10.5% | -10.7% | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 0.6% | -0.8% | ||
| Q4 24 | -51.5% | — | ||
| Q3 24 | -7.1% | -0.7% | ||
| Q2 24 | -3.3% | -0.4% | ||
| Q1 24 | -5.1% | -8.4% |
每股收益（稀释后）FETVNET
| Q4 25 | $0.25 | — | ||
| Q3 25 | $-1.76 | — | ||
| Q2 25 | $0.61 | — | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $-8.41 | — | ||
| Q3 24 | $-1.20 | — | ||
| Q2 24 | $-0.54 | — | ||
| Q1 24 | $-0.85 | — |
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 | $34.7M | $492.1M |
| 总债务越低越好 | $135.9M | — |
| 股东权益账面价值 | $291.1M | $890.8M |
| 总资产 | $752.5M | $6.1B |
| 负债/权益比越低杠杆越低 | 0.47× | — |
8季度趋势，按日历期对齐
现金及短期投资FETVNET
| Q4 25 | $34.7M | — | ||
| Q3 25 | $31.7M | $492.1M | ||
| Q2 25 | $39.0M | — | ||
| Q1 25 | $31.1M | $544.3M | ||
| Q4 24 | $44.7M | — | ||
| Q3 24 | $33.3M | $219.5M | ||
| Q2 24 | $31.8M | $247.2M | ||
| Q1 24 | $48.5M | $246.9M |
总债务FETVNET
| Q4 25 | $135.9M | — | ||
| Q3 25 | $140.0M | — | ||
| Q2 25 | $159.3M | — | ||
| Q1 25 | $171.4M | — | ||
| Q4 24 | $188.4M | — | ||
| Q3 24 | $231.5M | $1.2B | ||
| Q2 24 | $252.9M | — | ||
| Q1 24 | $287.5M | — |
股东权益FETVNET
| Q4 25 | $291.1M | — | ||
| Q3 25 | $297.3M | $890.8M | ||
| Q2 25 | $334.2M | — | ||
| Q1 25 | $320.0M | $927.8M | ||
| Q4 24 | $319.9M | — | ||
| Q3 24 | $443.5M | $902.9M | ||
| Q2 24 | $442.0M | $900.6M | ||
| Q1 24 | $446.2M | $895.1M |
总资产FETVNET
| Q4 25 | $752.5M | — | ||
| Q3 25 | $770.1M | $6.1B | ||
| Q2 25 | $810.1M | — | ||
| Q1 25 | $790.1M | $5.4B | ||
| Q4 24 | $816.0M | — | ||
| Q3 24 | $973.7M | $4.3B | ||
| Q2 24 | $976.8M | $4.0B | ||
| Q1 24 | $1.0B | $3.9B |
负债/权益比FETVNET
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.54× | — | ||
| Q4 24 | 0.59× | — | ||
| Q3 24 | 0.52× | 1.28× | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.64× | — |
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 | $22.4M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $20.9M | $-193.1M |
| 自由现金流率自由现金流/营收 | 10.3% | -53.2% |
| 资本支出强度资本支出/营收 | 0.8% | 84.6% |
| 现金转化率经营现金流/净利润 | 10.83× | — |
| 过去12个月自由现金流最近4个季度 | $64.4M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流FETVNET
| Q4 25 | $22.4M | — | ||
| Q3 25 | $22.9M | $113.8M | ||
| Q2 25 | $15.8M | — | ||
| Q1 25 | $9.3M | $27.0M | ||
| Q4 24 | $38.5M | — | ||
| Q3 24 | $25.6M | $108.3M | ||
| Q2 24 | $23.1M | $55.8M | ||
| Q1 24 | $5.0M | $37.1M |
自由现金流FETVNET
| Q4 25 | $20.9M | — | ||
| Q3 25 | $21.5M | $-193.1M | ||
| Q2 25 | $14.8M | — | ||
| Q1 25 | $7.2M | $-220.0M | ||
| Q4 24 | $36.1M | — | ||
| Q3 24 | $24.3M | $-95.0M | ||
| Q2 24 | $21.6M | $-81.6M | ||
| Q1 24 | $2.1M | $-102.2M |
自由现金流率FETVNET
| Q4 25 | 10.3% | — | ||
| Q3 25 | 10.9% | -53.2% | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | 3.7% | -71.1% | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | 11.7% | -31.4% | ||
| Q2 24 | 10.5% | -29.8% | ||
| Q1 24 | 1.0% | -38.9% |
资本支出强度FETVNET
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.7% | 84.6% | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 1.1% | 79.8% | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 0.6% | 67.3% | ||
| Q2 24 | 0.7% | 50.1% | ||
| Q1 24 | 1.4% | 53.0% |
现金转化率FETVNET
| Q4 25 | 10.83× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.05× | — | ||
| Q1 25 | 8.31× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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
FET
| Drilling And Completions Segment | $127.2M | 63% |
| Artificial Lift And Downhole Segment | $75.5M | 37% |
VNET
暂无分部数据
