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Funko, Inc.（FNKO）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Funko, Inc.的1.3倍（$362.7M vs $273.1M），Funko, Inc.净利率更高（-0.1% vs -10.7%，领先10.6%），Funko, Inc.自由现金流更多（$19.2M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 12.5%）
Funko是一家美国知名流行文化周边收藏品牌，主打获得IP授权的限量收藏商品，以 vinyl 搪胶收藏人偶和摇头公仔闻名，同时也生产授权毛绒玩具、可动玩偶、服饰、配件及周边桌游。该品牌由迈克·贝克尔与克劳迪娅·贝克尔于1998年创立，最初只是主打复古怀旧风的小型手工玩具项目。
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。
FNKO vs VNET — 直观对比
营收规模更大
VNET
是对方的1.3倍
$273.1M
净利率更高
FNKO
高出10.6%
-10.7%
自由现金流更多
FNKO
多$212.3M
$-193.1M
两年增速更快
VNET
近两年复合增速
12.5%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.1M | $362.7M |
| 净利润 | $-183.0K | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 2.2% | 0.5% |
| 净利率 | -0.1% | -10.7% |
| 营收同比 | -7.0% | — |
| 净利润同比 | 87.8% | — |
| 每股收益（稀释后） | $0.00 | — |
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FNKOVNET
| Q4 25 | $273.1M | — | ||
| Q3 25 | $250.9M | $362.7M | ||
| Q2 25 | $193.5M | — | ||
| Q1 25 | $190.7M | $309.5M | ||
| Q4 24 | $293.7M | — | ||
| Q3 24 | $292.8M | $302.2M | ||
| Q2 24 | $247.7M | $274.4M | ||
| Q1 24 | $215.7M | $262.9M |
净利润FNKOVNET
| Q4 25 | $-183.0K | — | ||
| Q3 25 | $901.0K | $-38.7M | ||
| Q2 25 | $-40.5M | — | ||
| Q1 25 | $-27.6M | $-2.4M | ||
| Q4 24 | $-1.5M | — | ||
| Q3 24 | $4.3M | $-2.1M | ||
| Q2 24 | $5.1M | $-1.1M | ||
| Q1 24 | $-22.7M | $-22.0M |
毛利率FNKOVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | 40.9% | 23.2% | ||
| Q2 24 | 42.0% | 21.3% | ||
| Q1 24 | 40.0% | 21.6% |
营业利润率FNKOVNET
| Q4 25 | 2.2% | — | ||
| Q3 25 | 2.6% | 0.5% | ||
| Q2 25 | -18.0% | — | ||
| Q1 25 | -12.2% | 0.1% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 4.0% | 24.5% | ||
| Q2 24 | 4.3% | 0.2% | ||
| Q1 24 | -6.9% | 0.2% |
净利率FNKOVNET
| Q4 25 | -0.1% | — | ||
| Q3 25 | 0.4% | -10.7% | ||
| Q2 25 | -20.9% | — | ||
| Q1 25 | -14.5% | -0.8% | ||
| Q4 24 | -0.5% | — | ||
| Q3 24 | 1.5% | -0.7% | ||
| Q2 24 | 2.1% | -0.4% | ||
| Q1 24 | -10.5% | -8.4% |
每股收益（稀释后）FNKOVNET
| Q4 25 | $0.00 | — | ||
| Q3 25 | $0.02 | — | ||
| Q2 25 | $-0.74 | — | ||
| Q1 25 | $-0.52 | — | ||
| Q4 24 | $-0.01 | — | ||
| Q3 24 | $0.08 | — | ||
| Q2 24 | $0.10 | — | ||
| Q1 24 | $-0.45 | — |
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 | $42.1M | $492.1M |
| 总债务越低越好 | $100.3M | — |
| 股东权益账面价值 | $185.8M | $890.8M |
| 总资产 | $685.2M | $6.1B |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资FNKOVNET
| Q4 25 | $42.1M | — | ||
| Q3 25 | $39.2M | $492.1M | ||
| Q2 25 | $49.2M | — | ||
| Q1 25 | $25.9M | $544.3M | ||
| Q4 24 | $34.7M | — | ||
| Q3 24 | $28.5M | $219.5M | ||
| Q2 24 | $41.6M | $247.2M | ||
| Q1 24 | $26.1M | $246.9M |
总债务FNKOVNET
| Q4 25 | $100.3M | — | ||
| Q3 25 | $106.0M | — | ||
| Q2 25 | $111.6M | — | ||
| Q1 25 | $117.2M | — | ||
| Q4 24 | $122.8M | — | ||
| Q3 24 | $128.4M | $1.2B | ||
| Q2 24 | $133.9M | — | ||
| Q1 24 | $139.4M | — |
股东权益FNKOVNET
| Q4 25 | $185.8M | — | ||
| Q3 25 | $182.7M | $890.8M | ||
| Q2 25 | $181.2M | — | ||
| Q1 25 | $212.8M | $927.8M | ||
| Q4 24 | $233.0M | — | ||
| Q3 24 | $236.5M | $902.9M | ||
| Q2 24 | $223.5M | $900.6M | ||
| Q1 24 | $212.5M | $895.1M |
总资产FNKOVNET
| Q4 25 | $685.2M | — | ||
| Q3 25 | $699.3M | $6.1B | ||
| Q2 25 | $694.9M | — | ||
| Q1 25 | $648.4M | $5.4B | ||
| Q4 24 | $707.3M | — | ||
| Q3 24 | $783.6M | $4.3B | ||
| Q2 24 | $737.8M | $4.0B | ||
| Q1 24 | $725.5M | $3.9B |
负债/权益比FNKOVNET
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.58× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.55× | — | ||
| Q4 24 | 0.53× | — | ||
| Q3 24 | 0.54× | 1.28× | ||
| Q2 24 | 0.60× | — | ||
| Q1 24 | 0.66× | — |
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 | $28.1M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $19.2M | $-193.1M |
| 自由现金流率自由现金流/营收 | 7.0% | -53.2% |
| 资本支出强度资本支出/营收 | 3.3% | 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 | $-38.1M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流FNKOVNET
| Q4 25 | $28.1M | — | ||
| Q3 25 | $11.2M | $113.8M | ||
| Q2 25 | $-22.2M | — | ||
| Q1 25 | $-22.3M | $27.0M | ||
| Q4 24 | $59.8M | — | ||
| Q3 24 | $3.3M | $108.3M | ||
| Q2 24 | $45.9M | $55.8M | ||
| Q1 24 | $14.5M | $37.1M |
自由现金流FNKOVNET
| Q4 25 | $19.2M | — | ||
| Q3 25 | $3.4M | $-193.1M | ||
| Q2 25 | $-31.8M | — | ||
| Q1 25 | $-28.8M | $-220.0M | ||
| Q4 24 | $47.8M | — | ||
| Q3 24 | $-4.2M | $-95.0M | ||
| Q2 24 | $36.8M | $-81.6M | ||
| Q1 24 | $10.3M | $-102.2M |
自由现金流率FNKOVNET
| Q4 25 | 7.0% | — | ||
| Q3 25 | 1.3% | -53.2% | ||
| Q2 25 | -16.5% | — | ||
| Q1 25 | -15.1% | -71.1% | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | -1.4% | -31.4% | ||
| Q2 24 | 14.9% | -29.8% | ||
| Q1 24 | 4.8% | -38.9% |
资本支出强度FNKOVNET
| Q4 25 | 3.3% | — | ||
| Q3 25 | 3.1% | 84.6% | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 3.4% | 79.8% | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 2.6% | 67.3% | ||
| Q2 24 | 3.7% | 50.1% | ||
| Q1 24 | 1.9% | 53.0% |
现金转化率FNKOVNET
| Q4 25 | — | — | ||
| Q3 25 | 12.47× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 8.97× | — | ||
| 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
FNKO
| Core Collectibles | $221.0M | 81% |
| Loungefly LLC | $43.1M | 16% |
| Other Products Excluding Core Collectibles And Loungefly Brands | $9.0M | 3% |
VNET
暂无分部数据
