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FIRST INDUSTRIAL REALTY TRUST INC（FR）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FIRST INDUSTRIAL REALTY TRUST INC的1.9倍（$362.7M vs $194.8M），FIRST INDUSTRIAL REALTY TRUST INC净利率更高（75.9% vs -10.7%，领先86.6%），过去两年世纪互联的营收复合增速更高（17.4% vs 8.9%）
该企业是一家房地产投资信托机构，主要投资华盛顿大都会区郊区的工业地产与商务园区类资产，拥有成熟的不动产投资运营经验，于2017年被政府物业收入信托正式收购。
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。
FR vs VNET — 直观对比
营收规模更大
VNET
是对方的1.9倍
$194.8M
净利率更高
FR
高出86.6%
-10.7%
两年增速更快
VNET
近两年复合增速
8.9%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $194.8M | $362.7M |
| 净利润 | $147.9M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | — | 0.5% |
| 净利率 | 75.9% | -10.7% |
| 营收同比 | 10.0% | — |
| 净利润同比 | 179.7% | — |
| 每股收益（稀释后） | $1.08 | — |
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FRVNET
| Q1 26 | $194.8M | — | ||
| Q4 25 | $188.4M | — | ||
| Q3 25 | $181.4M | $362.7M | ||
| Q2 25 | $180.2M | — | ||
| Q1 25 | $177.1M | $309.5M | ||
| Q4 24 | $175.6M | — | ||
| Q3 24 | $167.6M | $302.2M | ||
| Q2 24 | $164.1M | $274.4M |
净利润FRVNET
| Q1 26 | $147.9M | — | ||
| Q4 25 | $78.8M | — | ||
| Q3 25 | $65.3M | $-38.7M | ||
| Q2 25 | $55.2M | — | ||
| Q1 25 | $48.1M | $-2.4M | ||
| Q4 24 | $68.4M | — | ||
| Q3 24 | $99.4M | $-2.1M | ||
| Q2 24 | $51.3M | $-1.1M |
毛利率FRVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% |
营业利润率FRVNET
| Q1 26 | — | — | ||
| Q4 25 | 34.6% | — | ||
| Q3 25 | 37.0% | 0.5% | ||
| Q2 25 | 31.7% | — | ||
| Q1 25 | 31.2% | 0.1% | ||
| Q4 24 | 40.1% | — | ||
| Q3 24 | 62.6% | 24.5% | ||
| Q2 24 | 31.8% | 0.2% |
净利率FRVNET
| Q1 26 | 75.9% | — | ||
| Q4 25 | 41.8% | — | ||
| Q3 25 | 36.0% | -10.7% | ||
| Q2 25 | 30.6% | — | ||
| Q1 25 | 27.2% | -0.8% | ||
| Q4 24 | 39.0% | — | ||
| Q3 24 | 59.3% | -0.7% | ||
| Q2 24 | 31.3% | -0.4% |
每股收益（稀释后）FRVNET
| Q1 26 | $1.08 | — | ||
| Q4 25 | $0.60 | — | ||
| Q3 25 | $0.49 | — | ||
| Q2 25 | $0.42 | — | ||
| Q1 25 | $0.36 | — | ||
| Q4 24 | $0.51 | — | ||
| Q3 24 | $0.75 | — | ||
| Q2 24 | $0.39 | — |
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 | — | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.9B | $890.8M |
| 总资产 | $5.8B | $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FRVNET
| Q1 26 | — | — | ||
| Q4 25 | $78.0M | — | ||
| Q3 25 | $33.5M | $492.1M | ||
| Q2 25 | $34.9M | — | ||
| Q1 25 | $35.7M | $544.3M | ||
| Q4 24 | $44.5M | — | ||
| Q3 24 | $47.1M | $219.5M | ||
| Q2 24 | $38.5M | $247.2M |
总债务FRVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益FRVNET
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.7B | $890.8M | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.7B | $927.8M | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.6B | $902.9M | ||
| Q2 24 | $2.6B | $900.6M |
总资产FRVNET
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.5B | $6.1B | ||
| Q2 25 | $5.5B | — | ||
| Q1 25 | $5.4B | $5.4B | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $5.2B | $4.3B | ||
| Q2 24 | $5.2B | $4.0B |
负债/权益比FRVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 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 | — | $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FRVNET
| Q1 26 | — | — | ||
| Q4 25 | $461.3M | — | ||
| Q3 25 | $124.6M | $113.8M | ||
| Q2 25 | $126.1M | — | ||
| Q1 25 | $88.6M | $27.0M | ||
| Q4 24 | $352.5M | — | ||
| Q3 24 | $105.5M | $108.3M | ||
| Q2 24 | $107.7M | $55.8M |
自由现金流FRVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M |
自由现金流率FRVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% |
资本支出强度FRVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% |
现金转化率FRVNET
| Q1 26 | — | — | ||
| Q4 25 | 5.85× | — | ||
| Q3 25 | 1.91× | — | ||
| Q2 25 | 2.28× | — | ||
| Q1 25 | 1.84× | — | ||
| Q4 24 | 5.15× | — | ||
| Q3 24 | 1.06× | — | ||
| Q2 24 | 2.10× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
