vs
GENESIS ENERGY LP（GEL）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
GENESIS ENERGY LP的季度营收约是世纪互联的1.2倍（$440.8M vs $362.7M），GENESIS ENERGY LP净利率更高（4.5% vs -10.7%，领先15.2%），GENESIS ENERGY LP自由现金流更多（$87.0M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 0.7%）
Genesis Energy LP是一家总部位于美国的中游能源合伙企业，主营原油、天然气、成品油及特种工业原料的基础设施运营与物流服务，旗下资产涵盖管道、仓储码头、海运设施及铁路物流枢纽，为北美地区的炼油厂、工业客户及能源分销商提供服务。
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。
GEL vs VNET — 直观对比
营收规模更大
GEL
是对方的1.2倍
$362.7M
净利率更高
GEL
高出15.2%
-10.7%
自由现金流更多
GEL
多$280.1M
$-193.1M
两年增速更快
VNET
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $440.8M | $362.7M |
| 净利润 | $19.9M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 20.4% | 0.5% |
| 净利率 | 4.5% | -10.7% |
| 营收同比 | 10.5% | — |
| 净利润同比 | 140.2% | — |
| 每股收益（稀释后） | $0.04 | — |
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GELVNET
| Q4 25 | $440.8M | — | ||
| Q3 25 | $414.0M | $362.7M | ||
| Q2 25 | $377.3M | — | ||
| Q1 25 | $398.3M | $309.5M | ||
| Q4 24 | $398.9M | — | ||
| Q3 24 | $397.3M | $302.2M | ||
| Q2 24 | $430.2M | $274.4M | ||
| Q1 24 | $434.4M | $262.9M |
净利润GELVNET
| Q4 25 | $19.9M | — | ||
| Q3 25 | $9.2M | $-38.7M | ||
| Q2 25 | $-406.0K | — | ||
| Q1 25 | $-469.1M | $-2.4M | ||
| Q4 24 | $-49.4M | — | ||
| Q3 24 | $-17.2M | $-2.1M | ||
| Q2 24 | $-8.7M | $-1.1M | ||
| Q1 24 | $11.4M | $-22.0M |
毛利率GELVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率GELVNET
| Q4 25 | 20.4% | — | ||
| Q3 25 | 19.0% | 0.5% | ||
| Q2 25 | 17.9% | — | ||
| Q1 25 | 5.5% | 0.1% | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 12.2% | 24.5% | ||
| Q2 24 | 11.6% | 0.2% | ||
| Q1 24 | 13.4% | 0.2% |
净利率GELVNET
| Q4 25 | 4.5% | — | ||
| Q3 25 | 2.2% | -10.7% | ||
| Q2 25 | -0.1% | — | ||
| Q1 25 | -117.8% | -0.8% | ||
| Q4 24 | -12.4% | — | ||
| Q3 24 | -4.3% | -0.7% | ||
| Q2 24 | -2.0% | -0.4% | ||
| Q1 24 | 2.6% | -8.4% |
每股收益（稀释后）GELVNET
| Q4 25 | $0.04 | — | ||
| Q3 25 | $-0.05 | — | ||
| Q2 25 | $-0.12 | — | ||
| Q1 25 | $-4.06 | — | ||
| Q4 24 | $-0.58 | — | ||
| Q3 24 | $-0.32 | — | ||
| Q2 24 | $-0.25 | — | ||
| Q1 24 | $-0.09 | — |
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 | $6.4M | $492.1M |
| 总债务越低越好 | $3.0B | — |
| 股东权益账面价值 | — | $890.8M |
| 总资产 | $4.9B | $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GELVNET
| Q4 25 | $6.4M | — | ||
| Q3 25 | $4.9M | $492.1M | ||
| Q2 25 | $4.5M | — | ||
| Q1 25 | $377.4M | $544.3M | ||
| Q4 24 | $7.4M | — | ||
| Q3 24 | $13.0M | $219.5M | ||
| Q2 24 | $13.7M | $247.2M | ||
| Q1 24 | $7.0M | $246.9M |
总债务GELVNET
| Q4 25 | $3.0B | — | ||
| Q3 25 | $3.1B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $4.0B | $1.2B | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.8B | — |
股东权益GELVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $890.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $927.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $902.9M | ||
| Q2 24 | — | $900.6M | ||
| Q1 24 | — | $895.1M |
总资产GELVNET
| Q4 25 | $4.9B | — | ||
| Q3 25 | $4.9B | $6.1B | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $5.2B | $5.4B | ||
| Q4 24 | $7.0B | — | ||
| Q3 24 | $7.1B | $4.3B | ||
| Q2 24 | $7.0B | $4.0B | ||
| Q1 24 | $6.9B | $3.9B |
负债/权益比GELVNET
| 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 | $110.8M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $87.0M | $-193.1M |
| 自由现金流率自由现金流/营收 | 19.7% | -53.2% |
| 资本支出强度资本支出/营收 | 5.4% | 84.6% |
| 现金转化率经营现金流/净利润 | 5.58× | — |
| 过去12个月自由现金流最近4个季度 | $65.9M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流GELVNET
| Q4 25 | $110.8M | — | ||
| Q3 25 | $70.3M | $113.8M | ||
| Q2 25 | $47.0M | — | ||
| Q1 25 | $24.8M | $27.0M | ||
| Q4 24 | $74.0M | — | ||
| Q3 24 | $87.3M | $108.3M | ||
| Q2 24 | $104.7M | $55.8M | ||
| Q1 24 | $125.9M | $37.1M |
自由现金流GELVNET
| Q4 25 | $87.0M | — | ||
| Q3 25 | $43.3M | $-193.1M | ||
| Q2 25 | $-7.6M | — | ||
| Q1 25 | $-56.8M | $-220.0M | ||
| Q4 24 | $-47.1M | — | ||
| Q3 24 | $-32.3M | $-95.0M | ||
| Q2 24 | $-67.5M | $-81.6M | ||
| Q1 24 | $-48.3M | $-102.2M |
自由现金流率GELVNET
| Q4 25 | 19.7% | — | ||
| Q3 25 | 10.5% | -53.2% | ||
| Q2 25 | -2.0% | — | ||
| Q1 25 | -14.3% | -71.1% | ||
| Q4 24 | -11.8% | — | ||
| Q3 24 | -8.1% | -31.4% | ||
| Q2 24 | -15.7% | -29.8% | ||
| Q1 24 | -11.1% | -38.9% |
资本支出强度GELVNET
| Q4 25 | 5.4% | — | ||
| Q3 25 | 6.5% | 84.6% | ||
| Q2 25 | 14.5% | — | ||
| Q1 25 | 20.5% | 79.8% | ||
| Q4 24 | 30.3% | — | ||
| Q3 24 | 30.1% | 67.3% | ||
| Q2 24 | 40.0% | 50.1% | ||
| Q1 24 | 40.1% | 53.0% |
现金转化率GELVNET
| Q4 25 | 5.58× | — | ||
| Q3 25 | 7.63× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 11.09× | — |
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
GEL
| Onshore Facilities And Transportation Revenue | $204.2M | 46% |
| Offshore Pipeline Transportation Revenue | $154.3M | 35% |
| Marine Transportation Revenue | $82.2M | 19% |
VNET
暂无分部数据
