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GREENLIGHT CAPITAL RE, LTD.（GLRE）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GREENLIGHT CAPITAL RE, LTD.的1.7倍（$362.7M vs $210.3M），GREENLIGHT CAPITAL RE, LTD.净利率更高（23.4% vs -10.7%，领先34.1%），过去两年世纪互联的营收复合增速更高（17.4% vs 4.8%）
绿光资本再保险有限公司关联的绿光资本是1996年由大卫·艾因霍恩创立的美国对冲基金，主要投资北美公开交易的企业债务产品与股票，因2008年雷曼兄弟破产前做空其股票、2012年1月在英国因内幕交易被罚1100万美元而受到市场关注，艾因霍恩至今仍担任该基金管理人。
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。
GLRE vs VNET — 直观对比
营收规模更大
VNET
是对方的1.7倍
$210.3M
净利率更高
GLRE
高出34.1%
-10.7%
两年增速更快
VNET
近两年复合增速
4.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $210.3M | $362.7M |
| 净利润 | $49.3M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | — | 0.5% |
| 净利率 | 23.4% | -10.7% |
| 营收同比 | 48.3% | — |
| 净利润同比 | 279.7% | — |
| 每股收益（稀释后） | $1.43 | — |
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GLREVNET
| Q4 25 | $210.3M | — | ||
| Q3 25 | $146.1M | $362.7M | ||
| Q2 25 | $160.1M | — | ||
| Q1 25 | $213.3M | $309.5M | ||
| Q4 24 | $141.8M | — | ||
| Q3 24 | $188.0M | $302.2M | ||
| Q2 24 | $174.9M | $274.4M | ||
| Q1 24 | $191.3M | $262.9M |
净利润GLREVNET
| Q4 25 | $49.3M | — | ||
| Q3 25 | $-4.4M | $-38.7M | ||
| Q2 25 | $329.0K | — | ||
| Q1 25 | $29.6M | $-2.4M | ||
| Q4 24 | $-27.4M | — | ||
| Q3 24 | $35.2M | $-2.1M | ||
| Q2 24 | $8.0M | $-1.1M | ||
| Q1 24 | $27.0M | $-22.0M |
毛利率GLREVNET
| 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GLREVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.2% |
净利率GLREVNET
| Q4 25 | 23.4% | — | ||
| Q3 25 | -3.0% | -10.7% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 13.9% | -0.8% | ||
| Q4 24 | -19.3% | — | ||
| Q3 24 | 18.7% | -0.7% | ||
| Q2 24 | 4.6% | -0.4% | ||
| Q1 24 | 14.1% | -8.4% |
每股收益（稀释后）GLREVNET
| Q4 25 | $1.43 | — | ||
| Q3 25 | $-0.13 | — | ||
| Q2 25 | $0.01 | — | ||
| Q1 25 | $0.86 | — | ||
| Q4 24 | $-0.78 | — | ||
| Q3 24 | $1.01 | — | ||
| Q2 24 | $0.23 | — | ||
| Q1 24 | $0.78 | — |
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 | $111.8M | $492.1M |
| 总债务越低越好 | $4.7M | — |
| 股东权益账面价值 | $708.0M | $890.8M |
| 总资产 | $2.2B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.01× | — |
8季度趋势，按日历期对齐
现金及短期投资GLREVNET
| Q4 25 | $111.8M | — | ||
| Q3 25 | $68.8M | $492.1M | ||
| Q2 25 | $82.4M | — | ||
| Q1 25 | $47.5M | $544.3M | ||
| Q4 24 | $64.7M | — | ||
| Q3 24 | $54.6M | $219.5M | ||
| Q2 24 | $52.2M | $247.2M | ||
| Q1 24 | $61.6M | $246.9M |
总债务GLREVNET
| Q4 25 | $4.7M | — | ||
| Q3 25 | $34.7M | — | ||
| Q2 25 | $58.9M | — | ||
| Q1 25 | $59.8M | — | ||
| Q4 24 | $60.7M | — | ||
| Q3 24 | $62.6M | $1.2B | ||
| Q2 24 | $61.6M | — | ||
| Q1 24 | $72.5M | — |
股东权益GLREVNET
| Q4 25 | $708.0M | — | ||
| Q3 25 | $658.9M | $890.8M | ||
| Q2 25 | $663.3M | — | ||
| Q1 25 | $666.8M | $927.8M | ||
| Q4 24 | $635.9M | — | ||
| Q3 24 | $663.4M | $902.9M | ||
| Q2 24 | $634.0M | $900.6M | ||
| Q1 24 | $624.5M | $895.1M |
总资产GLREVNET
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.1B | $6.1B | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | $5.4B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | $4.3B | ||
| Q2 24 | $1.9B | $4.0B | ||
| Q1 24 | $1.9B | $3.9B |
负债/权益比GLREVNET
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.09× | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | 0.09× | 1.28× | ||
| Q2 24 | 0.10× | — | ||
| Q1 24 | 0.12× | — |
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 | $100.2M | $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 | 2.03× | — |
| 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GLREVNET
| Q4 25 | $100.2M | — | ||
| Q3 25 | $31.2M | $113.8M | ||
| Q2 25 | $68.4M | — | ||
| Q1 25 | $10.4M | $27.0M | ||
| Q4 24 | $29.5M | — | ||
| Q3 24 | $41.3M | $108.3M | ||
| Q2 24 | $22.7M | $55.8M | ||
| Q1 24 | $18.0M | $37.1M |
自由现金流GLREVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率GLREVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度GLREVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率GLREVNET
| Q4 25 | 2.03× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 208.02× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | 2.85× | — | ||
| Q1 24 | 0.66× | — |
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
GLRE
| Other | $124.7M | 59% |
| Innovations | $85.6M | 41% |
VNET
暂无分部数据
