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NATIONAL BEVERAGE CORP（FIZZ）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NATIONAL BEVERAGE CORP的1.3倍（$362.7M vs $288.3M），NATIONAL BEVERAGE CORP净利率更高（16.1% vs -10.7%，领先26.7%），NATIONAL BEVERAGE CORP自由现金流更多（$19.9M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 3.3%）
国家饮料公司是美国的饮料开发、生产及分销企业，总部位于佛罗里达州劳德代尔堡，主打风味软饮产品，旗下知名品牌包括LaCroix气泡水、Shasta和Faygo等，产品覆盖美国多地消费市场。
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。
FIZZ vs VNET — 直观对比
营收规模更大
VNET
是对方的1.3倍
$288.3M
净利率更高
FIZZ
高出26.7%
-10.7%
自由现金流更多
FIZZ
多$213.0M
$-193.1M
两年增速更快
VNET
近两年复合增速
3.3%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $288.3M | $362.7M |
| 净利润 | $46.4M | $-38.7M |
| 毛利率 | 37.9% | 20.9% |
| 营业利润率 | 20.1% | 0.5% |
| 净利率 | 16.1% | -10.7% |
| 营收同比 | -1.0% | — |
| 净利润同比 | 1.6% | — |
| 每股收益（稀释后） | $0.49 | — |
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FIZZVNET
| Q4 25 | $288.3M | — | ||
| Q3 25 | $330.5M | $362.7M | ||
| Q2 25 | $313.6M | — | ||
| Q1 25 | $267.1M | $309.5M | ||
| Q4 24 | $291.2M | — | ||
| Q3 24 | $329.5M | $302.2M | ||
| Q2 24 | $297.3M | $274.4M | ||
| Q1 24 | $270.1M | $262.9M |
净利润FIZZVNET
| Q4 25 | $46.4M | — | ||
| Q3 25 | $55.8M | $-38.7M | ||
| Q2 25 | $44.8M | — | ||
| Q1 25 | $39.6M | $-2.4M | ||
| Q4 24 | $45.6M | — | ||
| Q3 24 | $56.8M | $-2.1M | ||
| Q2 24 | $43.7M | $-1.1M | ||
| Q1 24 | $39.6M | $-22.0M |
毛利率FIZZVNET
| Q4 25 | 37.9% | — | ||
| Q3 25 | 38.0% | 20.9% | ||
| Q2 25 | 36.1% | — | ||
| Q1 25 | 37.1% | 25.2% | ||
| Q4 24 | 37.6% | — | ||
| Q3 24 | 37.2% | 23.2% | ||
| Q2 24 | 36.7% | 21.3% | ||
| Q1 24 | 35.9% | 21.6% |
营业利润率FIZZVNET
| Q4 25 | 20.1% | — | ||
| Q3 25 | 21.4% | 0.5% | ||
| Q2 25 | 18.3% | — | ||
| Q1 25 | 18.9% | 0.1% | ||
| Q4 24 | 19.9% | — | ||
| Q3 24 | 21.1% | 24.5% | ||
| Q2 24 | 17.8% | 0.2% | ||
| Q1 24 | 17.8% | 0.2% |
净利率FIZZVNET
| Q4 25 | 16.1% | — | ||
| Q3 25 | 16.9% | -10.7% | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | 14.8% | -0.8% | ||
| Q4 24 | 15.7% | — | ||
| Q3 24 | 17.2% | -0.7% | ||
| Q2 24 | 14.7% | -0.4% | ||
| Q1 24 | 14.7% | -8.4% |
每股收益（稀释后）FIZZVNET
| Q4 25 | $0.49 | — | ||
| Q3 25 | $0.60 | — | ||
| Q2 25 | $0.47 | — | ||
| Q1 25 | $0.42 | — | ||
| Q4 24 | $0.49 | — | ||
| Q3 24 | $0.61 | — | ||
| Q2 24 | $-52.00 | — | ||
| Q1 24 | $0.42 | — |
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 | $269.3M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $551.3M | $890.8M |
| 总资产 | $749.0M | $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FIZZVNET
| Q4 25 | $269.3M | — | ||
| Q3 25 | $249.8M | $492.1M | ||
| Q2 25 | $193.8M | — | ||
| Q1 25 | $149.2M | $544.3M | ||
| Q4 24 | $112.8M | — | ||
| Q3 24 | $77.0M | $219.5M | ||
| Q2 24 | $327.0M | $247.2M | ||
| Q1 24 | $277.0M | $246.9M |
总债务FIZZVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FIZZVNET
| Q4 25 | $551.3M | — | ||
| Q3 25 | $504.1M | $890.8M | ||
| Q2 25 | $444.0M | — | ||
| Q1 25 | $400.2M | $927.8M | ||
| Q4 24 | $360.1M | — | ||
| Q3 24 | $306.6M | $902.9M | ||
| Q2 24 | $559.5M | $900.6M | ||
| Q1 24 | $510.2M | $895.1M |
总资产FIZZVNET
| Q4 25 | $749.0M | — | ||
| Q3 25 | $737.8M | $6.1B | ||
| Q2 25 | $672.9M | — | ||
| Q1 25 | $594.0M | $5.4B | ||
| Q4 24 | $557.4M | — | ||
| Q3 24 | $522.6M | $4.3B | ||
| Q2 24 | $770.2M | $4.0B | ||
| Q1 24 | $719.9M | $3.9B |
负债/权益比FIZZVNET
| 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 | $25.7M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $19.9M | $-193.1M |
| 自由现金流率自由现金流/营收 | 6.9% | -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 | 0.55× | — |
| 过去12个月自由现金流最近4个季度 | $156.8M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流FIZZVNET
| Q4 25 | $25.7M | — | ||
| Q3 25 | $59.1M | $113.8M | ||
| Q2 25 | $60.1M | — | ||
| Q1 25 | $46.5M | $27.0M | ||
| Q4 24 | $42.6M | — | ||
| Q3 24 | $57.5M | $108.3M | ||
| Q2 24 | $60.4M | $55.8M | ||
| Q1 24 | $35.4M | $37.1M |
自由现金流FIZZVNET
| Q4 25 | $19.9M | — | ||
| Q3 25 | $56.0M | $-193.1M | ||
| Q2 25 | $44.6M | — | ||
| Q1 25 | $36.3M | $-220.0M | ||
| Q4 24 | $35.7M | — | ||
| Q3 24 | $53.8M | $-95.0M | ||
| Q2 24 | $49.6M | $-81.6M | ||
| Q1 24 | $28.7M | $-102.2M |
自由现金流率FIZZVNET
| Q4 25 | 6.9% | — | ||
| Q3 25 | 16.9% | -53.2% | ||
| Q2 25 | 14.2% | — | ||
| Q1 25 | 13.6% | -71.1% | ||
| Q4 24 | 12.3% | — | ||
| Q3 24 | 16.3% | -31.4% | ||
| Q2 24 | 16.7% | -29.8% | ||
| Q1 24 | 10.6% | -38.9% |
资本支出强度FIZZVNET
| Q4 25 | 2.0% | — | ||
| Q3 25 | 0.9% | 84.6% | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | 3.8% | 79.8% | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 1.1% | 67.3% | ||
| Q2 24 | 3.6% | 50.1% | ||
| Q1 24 | 2.5% | 53.0% |
现金转化率FIZZVNET
| Q4 25 | 0.55× | — | ||
| Q3 25 | 1.06× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 0.93× | — | ||
| Q3 24 | 1.01× | — | ||
| Q2 24 | 1.38× | — | ||
| Q1 24 | 0.89× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
