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Freshpet, Inc.（FRPT）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Freshpet, Inc.的1.3倍（$362.7M vs $285.2M），Freshpet, Inc.净利率更高（11.9% vs -10.7%，领先22.5%），Freshpet, Inc.自由现金流更多（$2.1M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 12.9%）
Freshpet, Inc.是一家美国宠物食品企业，主打鲜制猫粮、狗粮产品，相关产品需冷藏保存，目前在纳斯达克上市，股票代码为FRPT。
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。
FRPT vs VNET — 直观对比
营收规模更大
VNET
是对方的1.3倍
$285.2M
净利率更高
FRPT
高出22.5%
-10.7%
自由现金流更多
FRPT
多$195.1M
$-193.1M
两年增速更快
VNET
近两年复合增速
12.9%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $285.2M | $362.7M |
| 净利润 | $33.8M | $-38.7M |
| 毛利率 | 43.3% | 20.9% |
| 营业利润率 | 15.6% | 0.5% |
| 净利率 | 11.9% | -10.7% |
| 营收同比 | 8.6% | — |
| 净利润同比 | 86.6% | — |
| 每股收益（稀释后） | $0.71 | — |
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FRPTVNET
| Q4 25 | $285.2M | — | ||
| Q3 25 | $288.8M | $362.7M | ||
| Q2 25 | $264.7M | — | ||
| Q1 25 | $263.2M | $309.5M | ||
| Q4 24 | $262.7M | — | ||
| Q3 24 | $253.4M | $302.2M | ||
| Q2 24 | $235.3M | $274.4M | ||
| Q1 24 | $223.8M | $262.9M |
净利润FRPTVNET
| Q4 25 | $33.8M | — | ||
| Q3 25 | $101.7M | $-38.7M | ||
| Q2 25 | $16.4M | — | ||
| Q1 25 | $-12.7M | $-2.4M | ||
| Q4 24 | $18.1M | — | ||
| Q3 24 | $11.9M | $-2.1M | ||
| Q2 24 | $-1.7M | $-1.1M | ||
| Q1 24 | $18.6M | $-22.0M |
毛利率FRPTVNET
| Q4 25 | 43.3% | — | ||
| Q3 25 | 39.5% | 20.9% | ||
| Q2 25 | 40.9% | — | ||
| Q1 25 | 39.4% | 25.2% | ||
| Q4 24 | 42.5% | — | ||
| Q3 24 | 40.4% | 23.2% | ||
| Q2 24 | 39.9% | 21.3% | ||
| Q1 24 | 39.4% | 21.6% |
营业利润率FRPTVNET
| Q4 25 | 15.6% | — | ||
| Q3 25 | 8.6% | 0.5% | ||
| Q2 25 | 6.7% | — | ||
| Q1 25 | -4.4% | 0.1% | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 4.7% | 24.5% | ||
| Q2 24 | -0.7% | 0.2% | ||
| Q1 24 | 3.8% | 0.2% |
净利率FRPTVNET
| Q4 25 | 11.9% | — | ||
| Q3 25 | 35.2% | -10.7% | ||
| Q2 25 | 6.2% | — | ||
| Q1 25 | -4.8% | -0.8% | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 4.7% | -0.7% | ||
| Q2 24 | -0.7% | -0.4% | ||
| Q1 24 | 8.3% | -8.4% |
每股收益（稀释后）FRPTVNET
| Q4 25 | $0.71 | — | ||
| Q3 25 | $1.86 | — | ||
| Q2 25 | $0.33 | — | ||
| Q1 25 | $-0.26 | — | ||
| Q4 24 | $0.35 | — | ||
| Q3 24 | $0.24 | — | ||
| Q2 24 | $-0.03 | — | ||
| Q1 24 | $0.37 | — |
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 | $278.0M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $890.8M |
| 总资产 | $1.8B | $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FRPTVNET
| Q4 25 | $278.0M | — | ||
| Q3 25 | $274.6M | $492.1M | ||
| Q2 25 | $243.7M | — | ||
| Q1 25 | $243.7M | $544.3M | ||
| Q4 24 | $268.6M | — | ||
| Q3 24 | $274.6M | $219.5M | ||
| Q2 24 | $251.7M | $247.2M | ||
| Q1 24 | $257.9M | $246.9M |
总债务FRPTVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FRPTVNET
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $890.8M | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.0B | $927.8M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | $902.9M | ||
| Q2 24 | $995.8M | $900.6M | ||
| Q1 24 | $977.8M | $895.1M |
总资产FRPTVNET
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | $6.1B | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.6B | $5.4B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.5B | $4.3B | ||
| Q2 24 | $1.5B | $4.0B | ||
| Q1 24 | $1.5B | $3.9B |
负债/权益比FRPTVNET
| 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 | $55.1M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $2.1M | $-193.1M |
| 自由现金流率自由现金流/营收 | 0.7% | -53.2% |
| 资本支出强度资本支出/营收 | 18.6% | 84.6% |
| 现金转化率经营现金流/净利润 | 1.63× | — |
| 过去12个月自由现金流最近4个季度 | $12.4M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流FRPTVNET
| Q4 25 | $55.1M | — | ||
| Q3 25 | $66.8M | $113.8M | ||
| Q2 25 | $33.9M | — | ||
| Q1 25 | $4.8M | $27.0M | ||
| Q4 24 | $50.4M | — | ||
| Q3 24 | $56.1M | $108.3M | ||
| Q2 24 | $42.4M | $55.8M | ||
| Q1 24 | $5.4M | $37.1M |
自由现金流FRPTVNET
| Q4 25 | $2.1M | — | ||
| Q3 25 | $31.6M | $-193.1M | ||
| Q2 25 | $445.0K | — | ||
| Q1 25 | $-21.7M | $-220.0M | ||
| Q4 24 | $-7.9M | — | ||
| Q3 24 | $22.1M | $-95.0M | ||
| Q2 24 | $-5.9M | $-81.6M | ||
| Q1 24 | $-41.1M | $-102.2M |
自由现金流率FRPTVNET
| Q4 25 | 0.7% | — | ||
| Q3 25 | 10.9% | -53.2% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | -8.2% | -71.1% | ||
| Q4 24 | -3.0% | — | ||
| Q3 24 | 8.7% | -31.4% | ||
| Q2 24 | -2.5% | -29.8% | ||
| Q1 24 | -18.3% | -38.9% |
资本支出强度FRPTVNET
| Q4 25 | 18.6% | — | ||
| Q3 25 | 12.2% | 84.6% | ||
| Q2 25 | 12.6% | — | ||
| Q1 25 | 10.1% | 79.8% | ||
| Q4 24 | 22.2% | — | ||
| Q3 24 | 13.4% | 67.3% | ||
| Q2 24 | 20.5% | 50.1% | ||
| Q1 24 | 20.8% | 53.0% |
现金转化率FRPTVNET
| Q4 25 | 1.63× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 2.07× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.78× | — | ||
| Q3 24 | 4.72× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.29× | — |
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
FRPT
| Sales Channel Grocery Mass International And Digital | $228.4M | 80% |
| Sales Channel Pet Specialty And Club | $56.8M | 20% |
VNET
暂无分部数据
