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Fidelity National Financial, Inc.（FNF）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
Fidelity National Financial, Inc.的季度营收约是世纪互联的1.5倍（$544.0M vs $362.7M），世纪互联净利率更高（-10.7% vs -21.5%，领先10.8%），过去两年世纪互联的营收复合增速更高（17.4% vs 13.7%）
富达国民金融是美国财富500强企业，主要面向房地产与抵押贷款行业提供产权保险及交割服务，2019年其产权及房地产业务相关年度营收约为84.69亿美元，是全球领先的产权保险服务供应商。
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。
FNF vs VNET — 直观对比
营收规模更大
FNF
是对方的1.5倍
$362.7M
净利率更高
VNET
高出10.8%
-21.5%
两年增速更快
VNET
近两年复合增速
13.7%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $544.0M | $362.7M |
| 净利润 | $-117.0M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 82.9% | 0.5% |
| 净利率 | -21.5% | -10.7% |
| 营收同比 | 10.3% | — |
| 净利润同比 | -126.0% | — |
| 每股收益（稀释后） | $-0.44 | — |
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FNFVNET
| Q4 25 | $544.0M | — | ||
| Q3 25 | $553.0M | $362.7M | ||
| Q2 25 | $547.0M | — | ||
| Q1 25 | $455.0M | $309.5M | ||
| Q4 24 | $493.0M | — | ||
| Q3 24 | $506.0M | $302.2M | ||
| Q2 24 | $504.0M | $274.4M | ||
| Q1 24 | $421.0M | $262.9M |
净利润FNFVNET
| Q4 25 | $-117.0M | — | ||
| Q3 25 | $358.0M | $-38.7M | ||
| Q2 25 | $278.0M | — | ||
| Q1 25 | $83.0M | $-2.4M | ||
| Q4 24 | $450.0M | — | ||
| Q3 24 | $266.0M | $-2.1M | ||
| Q2 24 | $306.0M | $-1.1M | ||
| Q1 24 | $248.0M | $-22.0M |
毛利率FNFVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率FNFVNET
| Q4 25 | 82.9% | — | ||
| Q3 25 | 81.9% | 0.5% | ||
| Q2 25 | 69.8% | — | ||
| Q1 25 | 24.4% | 0.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | 61.9% | 24.5% | ||
| Q2 24 | 90.9% | 0.2% | ||
| Q1 24 | 78.6% | 0.2% |
净利率FNFVNET
| Q4 25 | -21.5% | — | ||
| Q3 25 | 64.7% | -10.7% | ||
| Q2 25 | 50.8% | — | ||
| Q1 25 | 18.2% | -0.8% | ||
| Q4 24 | 91.3% | — | ||
| Q3 24 | 52.6% | -0.7% | ||
| Q2 24 | 60.7% | -0.4% | ||
| Q1 24 | 58.9% | -8.4% |
每股收益（稀释后）FNFVNET
| Q4 25 | $-0.44 | — | ||
| Q3 25 | $1.33 | — | ||
| Q2 25 | $1.02 | — | ||
| Q1 25 | $0.30 | — | ||
| Q4 24 | $1.65 | — | ||
| Q3 24 | $0.97 | — | ||
| Q2 24 | $1.12 | — | ||
| Q1 24 | $0.91 | — |
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 | $2.6B | $492.1M |
| 总债务越低越好 | $4.4B | — |
| 股东权益账面价值 | $7.4B | $890.8M |
| 总资产 | $109.0B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资FNFVNET
| Q4 25 | $2.6B | — | ||
| Q3 25 | $3.5B | $492.1M | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $4.5B | $544.3M | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $5.0B | $219.5M | ||
| Q2 24 | $4.9B | $247.2M | ||
| Q1 24 | $3.5B | $246.9M |
总债务FNFVNET
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.4B | — | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.2B | $1.2B | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $3.9B | — |
股东权益FNFVNET
| Q4 25 | $7.4B | — | ||
| Q3 25 | $8.4B | $890.8M | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $7.9B | $927.8M | ||
| Q4 24 | $7.8B | — | ||
| Q3 24 | $8.1B | $902.9M | ||
| Q2 24 | $7.3B | $900.6M | ||
| Q1 24 | $7.1B | $895.1M |
总资产FNFVNET
| Q4 25 | $109.0B | — | ||
| Q3 25 | $106.6B | $6.1B | ||
| Q2 25 | $102.3B | — | ||
| Q1 25 | $98.2B | $5.4B | ||
| Q4 24 | $95.4B | — | ||
| Q3 24 | $94.7B | $4.3B | ||
| Q2 24 | $88.8B | $4.0B | ||
| Q1 24 | $84.5B | $3.9B |
负债/权益比FNFVNET
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.56× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | 0.52× | 1.28× | ||
| Q2 24 | 0.58× | — | ||
| Q1 24 | 0.55× | — |
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 | $1.5B | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -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 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流FNFVNET
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | $113.8M | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.1B | $27.0M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $2.4B | $108.3M | ||
| Q2 24 | $1.4B | $55.8M | ||
| Q1 24 | $1.6B | $37.1M |
自由现金流FNFVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率FNFVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度FNFVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率FNFVNET
| Q4 25 | — | — | ||
| Q3 25 | 3.66× | — | ||
| Q2 25 | 6.82× | — | ||
| Q1 25 | 13.43× | — | ||
| Q4 24 | 3.32× | — | ||
| Q3 24 | 8.89× | — | ||
| Q2 24 | 4.45× | — | ||
| Q1 24 | 6.42× | — |
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
FNF
| Escrow Fees | $241.0M | 44% |
| Other Title Related Fees And Income | $182.0M | 33% |
| Service Link Excluding Title Premiums Escrow Fees And Subservicing Fees | $87.0M | 16% |
| Insurance Contracts Home Warranty | $31.0M | 6% |
VNET
暂无分部数据
