vs
GigaCloud Technology Inc（GCT）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GigaCloud Technology Inc的1.1倍（$362.7M vs $332.6M），GigaCloud Technology Inc净利率更高（11.2% vs -10.7%，领先21.8%），GigaCloud Technology Inc自由现金流更多（$77.1M vs $-193.1M），过去两年GigaCloud Technology Inc的营收复合增速更高（36.6% vs 17.4%）
GigaCloud Technology Inc是一家美国电商企业，主打家具、家电、健身器材等体积较大、规格不统一商品的B2B交易，旗下拥有线上B2B交易平台，业务覆盖撮合交易、全程物流直至终端配送环节。公司总部位于加利福尼亚州埃尔蒙特，自2022年8月起在纳斯达克挂牌上市。
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。
GCT vs VNET — 直观对比
营收规模更大
VNET
是对方的1.1倍
$332.6M
净利率更高
GCT
高出21.8%
-10.7%
自由现金流更多
GCT
多$270.1M
$-193.1M
两年增速更快
GCT
近两年复合增速
17.4%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $332.6M | $362.7M |
| 净利润 | $37.2M | $-38.7M |
| 毛利率 | 23.2% | 20.9% |
| 营业利润率 | 12.2% | 0.5% |
| 净利率 | 11.2% | -10.7% |
| 营收同比 | 9.7% | — |
| 净利润同比 | -8.6% | — |
| 每股收益（稀释后） | $0.99 | — |
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GCTVNET
| Q3 25 | $332.6M | $362.7M | ||
| Q2 25 | $322.6M | — | ||
| Q1 25 | $271.9M | $309.5M | ||
| Q4 24 | $295.8M | — | ||
| Q3 24 | $303.3M | $302.2M | ||
| Q2 24 | $310.9M | $274.4M | ||
| Q1 24 | $251.1M | $262.9M | ||
| Q3 23 | $178.2M | $258.6M |
净利润GCTVNET
| Q3 25 | $37.2M | $-38.7M | ||
| Q2 25 | $34.6M | — | ||
| Q1 25 | $27.1M | $-2.4M | ||
| Q4 24 | $31.0M | — | ||
| Q3 24 | $40.7M | $-2.1M | ||
| Q2 24 | $27.0M | $-1.1M | ||
| Q1 24 | $27.2M | $-22.0M | ||
| Q3 23 | $24.2M | $-5.5M |
毛利率GCTVNET
| Q3 25 | 23.2% | 20.9% | ||
| Q2 25 | 23.9% | — | ||
| Q1 25 | 23.4% | 25.2% | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 25.5% | 23.2% | ||
| Q2 24 | 24.6% | 21.3% | ||
| Q1 24 | 26.5% | 21.6% | ||
| Q3 23 | 27.4% | 16.2% |
营业利润率GCTVNET
| Q3 25 | 12.2% | 0.5% | ||
| Q2 25 | 11.1% | — | ||
| Q1 25 | 10.4% | 0.1% | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 13.4% | 24.5% | ||
| Q2 24 | 8.8% | 0.2% | ||
| Q1 24 | 13.9% | 0.2% | ||
| Q3 23 | 17.8% | 1.7% |
净利率GCTVNET
| Q3 25 | 11.2% | -10.7% | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | 10.0% | -0.8% | ||
| Q4 24 | 10.5% | — | ||
| Q3 24 | 13.4% | -0.7% | ||
| Q2 24 | 8.7% | -0.4% | ||
| Q1 24 | 10.8% | -8.4% | ||
| Q3 23 | 13.6% | -2.1% |
每股收益（稀释后）GCTVNET
| Q3 25 | $0.99 | — | ||
| Q2 25 | $0.91 | — | ||
| Q1 25 | $0.68 | — | ||
| Q4 24 | $0.76 | — | ||
| Q3 24 | $0.98 | — | ||
| Q2 24 | $0.65 | — | ||
| Q1 24 | $0.66 | — | ||
| Q3 23 | $0.59 | — |
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 | $365.9M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $457.3M | $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GCTVNET
| Q3 25 | $365.9M | $492.1M | ||
| Q2 25 | $303.0M | — | ||
| Q1 25 | $286.8M | $544.3M | ||
| Q4 24 | $302.4M | — | ||
| Q3 24 | $259.8M | $219.5M | ||
| Q2 24 | $207.8M | $247.2M | ||
| Q1 24 | $195.3M | $246.9M | ||
| Q3 23 | — | $370.4M |
总债务GCTVNET
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
股东权益GCTVNET
| Q3 25 | $457.3M | $890.8M | ||
| Q2 25 | $431.4M | — | ||
| Q1 25 | $412.9M | $927.8M | ||
| Q4 24 | $405.2M | — | ||
| Q3 24 | $400.4M | $902.9M | ||
| Q2 24 | $358.4M | $900.6M | ||
| Q1 24 | $317.8M | $895.1M | ||
| Q3 23 | $254.2M | $942.7M |
总资产GCTVNET
| Q3 25 | $1.1B | $6.1B | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | $5.4B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $4.3B | ||
| Q2 24 | $1.1B | $4.0B | ||
| Q1 24 | $977.6M | $3.9B | ||
| Q3 23 | — | $4.1B |
负债/权益比GCTVNET
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 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 | $78.3M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $77.1M | $-193.1M |
| 自由现金流率自由现金流/营收 | 23.2% | -53.2% |
| 资本支出强度资本支出/营收 | 0.4% | 84.6% |
| 现金转化率经营现金流/净利润 | 2.10× | — |
| 过去12个月自由现金流最近4个季度 | $188.1M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流GCTVNET
| Q3 25 | $78.3M | $113.8M | ||
| Q2 25 | $38.6M | — | ||
| Q1 25 | $9.4M | $27.0M | ||
| Q4 24 | $68.4M | — | ||
| Q3 24 | $55.2M | $108.3M | ||
| Q2 24 | $19.1M | $55.8M | ||
| Q1 24 | $15.3M | $37.1M | ||
| Q3 23 | — | $62.3M |
自由现金流GCTVNET
| Q3 25 | $77.1M | $-193.1M | ||
| Q2 25 | $37.0M | — | ||
| Q1 25 | $7.0M | $-220.0M | ||
| Q4 24 | $66.9M | — | ||
| Q3 24 | $51.4M | $-95.0M | ||
| Q2 24 | $12.9M | $-81.6M | ||
| Q1 24 | $11.3M | $-102.2M | ||
| Q3 23 | — | $-67.5M |
自由现金流率GCTVNET
| Q3 25 | 23.2% | -53.2% | ||
| Q2 25 | 11.5% | — | ||
| Q1 25 | 2.6% | -71.1% | ||
| Q4 24 | 22.6% | — | ||
| Q3 24 | 16.9% | -31.4% | ||
| Q2 24 | 4.2% | -29.8% | ||
| Q1 24 | 4.5% | -38.9% | ||
| Q3 23 | — | -26.1% |
资本支出强度GCTVNET
| Q3 25 | 0.4% | 84.6% | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.9% | 79.8% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.3% | 67.3% | ||
| Q2 24 | 2.0% | 50.1% | ||
| Q1 24 | 1.6% | 53.0% | ||
| Q3 23 | — | 50.2% |
现金转化率GCTVNET
| Q3 25 | 2.10× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 2.21× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.56× | — | ||
| Q3 23 | — | — |
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
GCT
| Services | $108.4M | 33% |
| Transferred Over Time | $89.8M | 27% |
| Product Sales To B | $50.1M | 15% |
| Last Mile Delivery Service | $49.2M | 15% |
| Warehousing Service | $14.2M | 4% |
| Ocean Transportation Service | $9.0M | 3% |
| Platform Commission | $4.9M | 1% |
| Drayage Service | $3.2M | 1% |
VNET
暂无分部数据
