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Fiverr International Ltd.（FVRR）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Fiverr International Ltd.的1.3倍（$362.7M vs $287.8M），Fiverr International Ltd.净利率更高（1.9% vs -10.7%，领先12.5%），Fiverr International Ltd.自由现金流更多（$52.1M vs $-193.1M），过去两年Fiverr International Ltd.的营收复合增速更高（29.5% vs 17.4%）
Fiverr International Ltd.运营全球在线自由职业服务平台，连接160余个国家的企业客户与独立创作者，提供数字营销、平面设计、编程、文案撰写、视频剪辑等多领域专业服务，满足各类客户灵活的按需用工需求。
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。
FVRR vs VNET — 直观对比
营收规模更大
VNET
是对方的1.3倍
$287.8M
净利率更高
FVRR
高出12.5%
-10.7%
自由现金流更多
FVRR
多$245.1M
$-193.1M
两年增速更快
FVRR
近两年复合增速
17.4%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $287.8M | $362.7M |
| 净利润 | $5.4M | $-38.7M |
| 毛利率 | 82.5% | 20.9% |
| 营业利润率 | -3.5% | 0.5% |
| 净利率 | 1.9% | -10.7% |
| 营收同比 | — | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | — |
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FVRRVNET
| Q3 25 | $287.8M | $362.7M | ||
| Q2 25 | $188.2M | — | ||
| Q1 25 | $93.5M | $309.5M | ||
| Q3 24 | $269.9M | $302.2M | ||
| Q2 24 | $177.3M | $274.4M | ||
| Q1 24 | $88.0M | $262.9M | ||
| Q3 23 | $254.2M | $258.6M | ||
| Q2 23 | $171.7M | $251.2M |
净利润FVRRVNET
| Q3 25 | $5.4M | $-38.7M | ||
| Q2 25 | $4.1M | — | ||
| Q1 25 | $788.0K | $-2.4M | ||
| Q3 24 | $-1.0M | $-2.1M | ||
| Q2 24 | $-4.0M | $-1.1M | ||
| Q1 24 | $-4.3M | $-22.0M | ||
| Q3 23 | $-70.2M | $-5.5M | ||
| Q2 23 | $-58.8M | — |
毛利率FVRRVNET
| Q3 25 | 82.5% | 20.9% | ||
| Q2 25 | 83.3% | — | ||
| Q1 25 | 83.5% | 25.2% | ||
| Q3 24 | 82.8% | 23.2% | ||
| Q2 24 | 82.4% | 21.3% | ||
| Q1 24 | 82.2% | 21.6% | ||
| Q3 23 | 80.3% | 16.2% | ||
| Q2 23 | 79.9% | 18.8% |
营业利润率FVRRVNET
| Q3 25 | -3.5% | 0.5% | ||
| Q2 25 | -3.4% | — | ||
| Q1 25 | -4.4% | 0.1% | ||
| Q3 24 | -5.0% | 24.5% | ||
| Q2 24 | -6.3% | 0.2% | ||
| Q1 24 | -8.1% | 0.2% | ||
| Q3 23 | -28.4% | 1.7% | ||
| Q2 23 | -34.9% | 5.1% |
净利率FVRRVNET
| Q3 25 | 1.9% | -10.7% | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 0.8% | -0.8% | ||
| Q3 24 | -0.4% | -0.7% | ||
| Q2 24 | -2.3% | -0.4% | ||
| Q1 24 | -4.9% | -8.4% | ||
| Q3 23 | -27.6% | -2.1% | ||
| Q2 23 | -34.3% | — |
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 | $133.5M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $362.6M | $890.8M |
| 总资产 | $1.1B | $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FVRRVNET
| Q3 25 | $133.5M | $492.1M | ||
| Q2 25 | $578.4M | — | ||
| Q1 25 | $133.5M | $544.3M | ||
| Q3 24 | $183.7M | $219.5M | ||
| Q2 24 | $183.7M | $247.2M | ||
| Q1 24 | $183.7M | $246.9M | ||
| Q3 23 | $86.8M | $370.4M | ||
| Q2 23 | $86.8M | $325.9M |
总债务FVRRVNET
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
股东权益FVRRVNET
| Q3 25 | $362.6M | $890.8M | ||
| Q2 25 | $404.9M | — | ||
| Q1 25 | $362.6M | $927.8M | ||
| Q3 24 | $355.8M | $902.9M | ||
| Q2 24 | $355.8M | $900.6M | ||
| Q1 24 | $355.8M | $895.1M | ||
| Q3 23 | $265.7M | $942.7M | ||
| Q2 23 | $265.7M | $952.6M |
总资产FVRRVNET
| Q3 25 | $1.1B | $6.1B | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | $5.4B | ||
| Q3 24 | $1.0B | $4.3B | ||
| Q2 24 | $1.0B | $4.0B | ||
| Q1 24 | $1.0B | $3.9B | ||
| Q3 23 | $923.8M | $4.1B | ||
| Q2 23 | $923.8M | $4.0B |
负债/权益比FVRRVNET
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
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 | $53.0M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $52.1M | $-193.1M |
| 自由现金流率自由现金流/营收 | 18.1% | -53.2% |
| 资本支出强度资本支出/营收 | 0.3% | 84.6% |
| 现金转化率经营现金流/净利润 | 9.81× | — |
| 过去12个月自由现金流最近4个季度 | $124.9M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流FVRRVNET
| Q3 25 | $53.0M | $113.8M | ||
| Q2 25 | $42.2M | — | ||
| Q1 25 | $21.2M | $27.0M | ||
| Q3 24 | $10.9M | $108.3M | ||
| Q2 24 | $32.2M | $55.8M | ||
| Q1 24 | $21.2M | $37.1M | ||
| Q3 23 | $20.5M | $62.3M | ||
| Q2 23 | $14.8M | $58.4M |
自由现金流FVRRVNET
| Q3 25 | $52.1M | $-193.1M | ||
| Q2 25 | $41.5M | — | ||
| Q1 25 | $20.8M | $-220.0M | ||
| Q3 24 | $10.6M | $-95.0M | ||
| Q2 24 | $31.5M | $-81.6M | ||
| Q1 24 | $20.8M | $-102.2M | ||
| Q3 23 | $19.4M | $-67.5M | ||
| Q2 23 | $14.0M | $4.0M |
自由现金流率FVRRVNET
| Q3 25 | 18.1% | -53.2% | ||
| Q2 25 | 22.0% | — | ||
| Q1 25 | 22.3% | -71.1% | ||
| Q3 24 | 3.9% | -31.4% | ||
| Q2 24 | 17.8% | -29.8% | ||
| Q1 24 | 23.7% | -38.9% | ||
| Q3 23 | 7.6% | -26.1% | ||
| Q2 23 | 8.1% | 1.6% |
资本支出强度FVRRVNET
| Q3 25 | 0.3% | 84.6% | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.4% | 79.8% | ||
| Q3 24 | 0.1% | 67.3% | ||
| Q2 24 | 0.4% | 50.1% | ||
| Q1 24 | 0.4% | 53.0% | ||
| Q3 23 | 0.4% | 50.2% | ||
| Q2 23 | 0.5% | 21.7% |
现金转化率FVRRVNET
| Q3 25 | 9.81× | — | ||
| Q2 25 | 10.40× | — | ||
| Q1 25 | 26.90× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
