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FIGS, Inc.（FIGS）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FIGS, Inc.的1.8倍（$362.7M vs $201.9M），FIGS, Inc.净利率更高（9.2% vs -10.7%，领先19.8%），FIGS, Inc.自由现金流更多（$58.1M vs $-193.1M），过去两年FIGS, Inc.的营收复合增速更高（30.1% vs 17.4%）
FIGS是一家总部位于美国加利福尼亚州圣莫尼卡的服饰企业，由希瑟·哈森与特里娜·斯皮尔于2013年共同创立，二人目前共同担任首席执行官。品牌专注为医疗从业者提供医用刷手服及相关专业产品，是医疗工装领域的知名品牌。
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。
FIGS vs VNET — 直观对比
营收规模更大
VNET
是对方的1.8倍
$201.9M
净利率更高
FIGS
高出19.8%
-10.7%
自由现金流更多
FIGS
多$251.2M
$-193.1M
两年增速更快
FIGS
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $201.9M | $362.7M |
| 净利润 | $18.5M | $-38.7M |
| 毛利率 | 62.9% | 20.9% |
| 营业利润率 | 9.3% | 0.5% |
| 净利率 | 9.2% | -10.7% |
| 营收同比 | 33.0% | — |
| 净利润同比 | 881.8% | — |
| 每股收益（稀释后） | $0.10 | — |
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FIGSVNET
| Q4 25 | $201.9M | — | ||
| Q3 25 | $151.7M | $362.7M | ||
| Q2 25 | $152.6M | — | ||
| Q1 25 | $124.9M | $309.5M | ||
| Q4 24 | $151.8M | — | ||
| Q3 24 | $140.2M | $302.2M | ||
| Q2 24 | $144.2M | $274.4M | ||
| Q1 24 | $119.3M | $262.9M |
净利润FIGSVNET
| Q4 25 | $18.5M | — | ||
| Q3 25 | $8.7M | $-38.7M | ||
| Q2 25 | $7.1M | — | ||
| Q1 25 | $-102.0K | $-2.4M | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | $-1.7M | $-2.1M | ||
| Q2 24 | $1.1M | $-1.1M | ||
| Q1 24 | $1.4M | $-22.0M |
毛利率FIGSVNET
| Q4 25 | 62.9% | — | ||
| Q3 25 | 69.9% | 20.9% | ||
| Q2 25 | 67.0% | — | ||
| Q1 25 | 67.6% | 25.2% | ||
| Q4 24 | 67.3% | — | ||
| Q3 24 | 67.1% | 23.2% | ||
| Q2 24 | 67.4% | 21.3% | ||
| Q1 24 | 68.9% | 21.6% |
营业利润率FIGSVNET
| Q4 25 | 9.3% | — | ||
| Q3 25 | 6.4% | 0.5% | ||
| Q2 25 | 6.5% | — | ||
| Q1 25 | -0.2% | 0.1% | ||
| Q4 24 | 5.9% | — | ||
| Q3 24 | -6.2% | 24.5% | ||
| Q2 24 | 1.1% | 0.2% | ||
| Q1 24 | 0.4% | 0.2% |
净利率FIGSVNET
| Q4 25 | 9.2% | — | ||
| Q3 25 | 5.8% | -10.7% | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | -0.1% | -0.8% | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | -1.2% | -0.7% | ||
| Q2 24 | 0.8% | -0.4% | ||
| Q1 24 | 1.2% | -8.4% |
每股收益（稀释后）FIGSVNET
| Q4 25 | $0.10 | — | ||
| Q3 25 | $0.05 | — | ||
| Q2 25 | $0.04 | — | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $-0.01 | — | ||
| Q2 24 | $0.01 | — | ||
| Q1 24 | $0.01 | — |
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 | $82.0M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $437.5M | $890.8M |
| 总资产 | $580.0M | $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FIGSVNET
| Q4 25 | $82.0M | — | ||
| Q3 25 | $46.5M | $492.1M | ||
| Q2 25 | $50.8M | — | ||
| Q1 25 | $90.0M | $544.3M | ||
| Q4 24 | $85.6M | — | ||
| Q3 24 | $124.1M | $219.5M | ||
| Q2 24 | $131.8M | $247.2M | ||
| Q1 24 | $155.3M | $246.9M |
总债务FIGSVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FIGSVNET
| Q4 25 | $437.5M | — | ||
| Q3 25 | $413.3M | $890.8M | ||
| Q2 25 | $396.5M | — | ||
| Q1 25 | $381.5M | $927.8M | ||
| Q4 24 | $377.1M | — | ||
| Q3 24 | $403.5M | $902.9M | ||
| Q2 24 | $401.7M | $900.6M | ||
| Q1 24 | $389.9M | $895.1M |
总资产FIGSVNET
| Q4 25 | $580.0M | — | ||
| Q3 25 | $544.7M | $6.1B | ||
| Q2 25 | $517.1M | — | ||
| Q1 25 | $522.3M | $5.4B | ||
| Q4 24 | $509.8M | — | ||
| Q3 24 | $542.5M | $4.3B | ||
| Q2 24 | $526.0M | $4.0B | ||
| Q1 24 | $510.9M | $3.9B |
负债/权益比FIGSVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 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 | $60.9M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $58.1M | $-193.1M |
| 自由现金流率自由现金流/营收 | 28.8% | -53.2% |
| 资本支出强度资本支出/营收 | 1.4% | 84.6% |
| 现金转化率经营现金流/净利润 | 3.29× | — |
| 过去12个月自由现金流最近4个季度 | $53.0M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流FIGSVNET
| Q4 25 | $60.9M | — | ||
| Q3 25 | $3.4M | $113.8M | ||
| Q2 25 | $-12.4M | — | ||
| Q1 25 | $9.2M | $27.0M | ||
| Q4 24 | $30.4M | — | ||
| Q3 24 | $22.6M | $108.3M | ||
| Q2 24 | $16.5M | $55.8M | ||
| Q1 24 | $11.6M | $37.1M |
自由现金流FIGSVNET
| Q4 25 | $58.1M | — | ||
| Q3 25 | $531.0K | $-193.1M | ||
| Q2 25 | $-13.5M | — | ||
| Q1 25 | $7.9M | $-220.0M | ||
| Q4 24 | $27.1M | — | ||
| Q3 24 | $18.4M | $-95.0M | ||
| Q2 24 | $7.5M | $-81.6M | ||
| Q1 24 | $11.1M | $-102.2M |
自由现金流率FIGSVNET
| Q4 25 | 28.8% | — | ||
| Q3 25 | 0.4% | -53.2% | ||
| Q2 25 | -8.9% | — | ||
| Q1 25 | 6.3% | -71.1% | ||
| Q4 24 | 17.8% | — | ||
| Q3 24 | 13.1% | -31.4% | ||
| Q2 24 | 5.2% | -29.8% | ||
| Q1 24 | 9.3% | -38.9% |
资本支出强度FIGSVNET
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.9% | 84.6% | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 1.0% | 79.8% | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 3.0% | 67.3% | ||
| Q2 24 | 6.2% | 50.1% | ||
| Q1 24 | 0.4% | 53.0% |
现金转化率FIGSVNET
| Q4 25 | 3.29× | — | ||
| Q3 25 | 0.39× | — | ||
| Q2 25 | -1.75× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 16.14× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 15.04× | — | ||
| Q1 24 | 8.10× | — |
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
FIGS
| Scrubwear | $154.9M | 77% |
| Non Scrubwear Lifestyle | $47.0M | 23% |
VNET
暂无分部数据
