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Federal Realty Investment Trust（FRT）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Federal Realty Investment Trust的1.1倍（$362.7M vs $336.0M），Federal Realty Investment Trust净利率更高（38.6% vs -10.7%，领先49.3%），过去两年世纪互联的营收复合增速更高（17.4% vs 6.5%）
Federal Realty Investment Trust是一家专业房地产投资信托基金，核心投资标的为购物中心类商业物业，资产布局覆盖美国东北部、大西洋中部地区、加利福尼亚州及南佛罗里达区域，在当地商业不动产投资领域拥有丰富的运营经验。
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。
FRT vs VNET — 直观对比
营收规模更大
VNET
是对方的1.1倍
$336.0M
净利率更高
FRT
高出49.3%
-10.7%
两年增速更快
VNET
近两年复合增速
6.5%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $336.0M | $362.7M |
| 净利润 | $129.7M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 53.8% | 0.5% |
| 净利率 | 38.6% | -10.7% |
| 营收同比 | 8.7% | — |
| 净利润同比 | 103.5% | — |
| 每股收益（稀释后） | $1.49 | — |
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FRTVNET
| Q1 26 | $336.0M | — | ||
| Q4 25 | $336.0M | — | ||
| Q3 25 | $322.3M | $362.7M | ||
| Q2 25 | $311.5M | — | ||
| Q1 25 | $309.2M | $309.5M | ||
| Q4 24 | $311.4M | — | ||
| Q3 24 | $303.6M | $302.2M | ||
| Q2 24 | $296.1M | $274.4M |
净利润FRTVNET
| Q1 26 | $129.7M | — | ||
| Q4 25 | $129.7M | — | ||
| Q3 25 | $61.6M | $-38.7M | ||
| Q2 25 | $155.9M | — | ||
| Q1 25 | $63.8M | $-2.4M | ||
| Q4 24 | $65.5M | — | ||
| Q3 24 | $61.0M | $-2.1M | ||
| Q2 24 | $112.0M | $-1.1M |
毛利率FRTVNET
| 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FRTVNET
| Q1 26 | 53.8% | — | ||
| Q4 25 | 53.8% | — | ||
| Q3 25 | 34.3% | 0.5% | ||
| Q2 25 | 65.1% | — | ||
| Q1 25 | 35.0% | 0.1% | ||
| Q4 24 | 35.1% | — | ||
| Q3 24 | 34.9% | 24.5% | ||
| Q2 24 | 53.0% | 0.2% |
净利率FRTVNET
| Q1 26 | 38.6% | — | ||
| Q4 25 | 38.6% | — | ||
| Q3 25 | 19.1% | -10.7% | ||
| Q2 25 | 50.0% | — | ||
| Q1 25 | 20.6% | -0.8% | ||
| Q4 24 | 21.0% | — | ||
| Q3 24 | 20.1% | -0.7% | ||
| Q2 24 | 37.8% | -0.4% |
每股收益（稀释后）FRTVNET
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.49 | — | ||
| Q3 25 | $0.69 | — | ||
| Q2 25 | $1.78 | — | ||
| Q1 25 | $0.72 | — | ||
| Q4 24 | $0.74 | — | ||
| Q3 24 | $0.70 | — | ||
| Q2 24 | $1.32 | — |
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 | $107.4M | $492.1M |
| 总债务越低越好 | $5.0B | — |
| 股东权益账面价值 | $3.2B | $890.8M |
| 总资产 | $9.1B | $6.1B |
| 负债/权益比越低杠杆越低 | 1.53× | — |
8季度趋势，按日历期对齐
现金及短期投资FRTVNET
| Q1 26 | $107.4M | — | ||
| Q4 25 | $107.4M | — | ||
| Q3 25 | $111.3M | $492.1M | ||
| Q2 25 | $177.0M | — | ||
| Q1 25 | $109.2M | $544.3M | ||
| Q4 24 | $123.4M | — | ||
| Q3 24 | $97.0M | $219.5M | ||
| Q2 24 | $103.2M | $247.2M |
总债务FRTVNET
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益FRTVNET
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | $890.8M | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | $927.8M | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.1B | $902.9M | ||
| Q2 24 | $3.0B | $900.6M |
总资产FRTVNET
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | — | ||
| Q3 25 | $8.9B | $6.1B | ||
| Q2 25 | $8.6B | — | ||
| Q1 25 | $8.6B | $5.4B | ||
| Q4 24 | $8.5B | — | ||
| Q3 24 | $8.5B | $4.3B | ||
| Q2 24 | $8.4B | $4.0B |
负债/权益比FRTVNET
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.53× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.42× | — | ||
| 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FRTVNET
| Q1 26 | — | — | ||
| Q4 25 | $622.4M | — | ||
| Q3 25 | $147.8M | $113.8M | ||
| Q2 25 | $150.7M | — | ||
| Q1 25 | $179.0M | $27.0M | ||
| Q4 24 | $574.6M | — | ||
| Q3 24 | $144.1M | $108.3M | ||
| Q2 24 | $169.7M | $55.8M |
自由现金流FRTVNET
| 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FRTVNET
| 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FRTVNET
| 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FRTVNET
| Q1 26 | — | — | ||
| Q4 25 | 4.80× | — | ||
| Q3 25 | 2.40× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 8.77× | — | ||
| Q3 24 | 2.36× | — | ||
| Q2 24 | 1.52× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
