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Acushnet Holdings Corp.（GOLF）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
Acushnet Holdings Corp.的季度营收约是世纪互联的1.3倍（$477.2M vs $362.7M），Acushnet Holdings Corp.净利率更高（-7.3% vs -10.7%，领先3.3%），Acushnet Holdings Corp.自由现金流更多（$-23.3M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -17.9%）
Acushnet Holdings Corp.是一家专注于高尔夫赛道的美国企业，旗下运营多个知名品牌，产品品类覆盖高尔夫专业器材、运动服饰及相关配件，为全球高尔夫运动爱好者提供多元化的相关产品选择。
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。
GOLF vs VNET — 直观对比
营收规模更大
GOLF
是对方的1.3倍
$362.7M
净利率更高
GOLF
高出3.3%
-10.7%
自由现金流更多
GOLF
多$169.8M
$-193.1M
两年增速更快
VNET
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $477.2M | $362.7M |
| 净利润 | $-34.9M | $-38.7M |
| 毛利率 | 44.1% | 20.9% |
| 营业利润率 | -3.8% | 0.5% |
| 净利率 | -7.3% | -10.7% |
| 营收同比 | 7.2% | — |
| 净利润同比 | -3027.3% | — |
| 每股收益（稀释后） | $-0.57 | — |
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GOLFVNET
| Q4 25 | $477.2M | — | ||
| Q3 25 | $657.7M | $362.7M | ||
| Q2 25 | $720.5M | — | ||
| Q1 25 | $703.4M | $309.5M | ||
| Q4 24 | $445.2M | — | ||
| Q3 24 | $620.5M | $302.2M | ||
| Q2 24 | $683.9M | $274.4M | ||
| Q1 24 | $707.6M | $262.9M |
净利润GOLFVNET
| Q4 25 | $-34.9M | — | ||
| Q3 25 | $48.5M | $-38.7M | ||
| Q2 25 | $75.6M | — | ||
| Q1 25 | $99.4M | $-2.4M | ||
| Q4 24 | $-1.1M | — | ||
| Q3 24 | $56.2M | $-2.1M | ||
| Q2 24 | $71.4M | $-1.1M | ||
| Q1 24 | $87.8M | $-22.0M |
毛利率GOLFVNET
| Q4 25 | 44.1% | — | ||
| Q3 25 | 48.5% | 20.9% | ||
| Q2 25 | 49.2% | — | ||
| Q1 25 | 47.9% | 25.2% | ||
| Q4 24 | 22.6% | — | ||
| Q3 24 | 54.4% | 23.2% | ||
| Q2 24 | 54.4% | 21.3% | ||
| Q1 24 | 53.4% | 21.6% |
营业利润率GOLFVNET
| Q4 25 | -3.8% | — | ||
| Q3 25 | 14.1% | 0.5% | ||
| Q2 25 | 15.2% | — | ||
| Q1 25 | 16.3% | 0.1% | ||
| Q4 24 | -1.2% | — | ||
| Q3 24 | 13.2% | 24.5% | ||
| Q2 24 | 15.5% | 0.2% | ||
| Q1 24 | 17.2% | 0.2% |
净利率GOLFVNET
| Q4 25 | -7.3% | — | ||
| Q3 25 | 7.4% | -10.7% | ||
| Q2 25 | 10.5% | — | ||
| Q1 25 | 14.1% | -0.8% | ||
| Q4 24 | -0.3% | — | ||
| Q3 24 | 9.1% | -0.7% | ||
| Q2 24 | 10.4% | -0.4% | ||
| Q1 24 | 12.4% | -8.4% |
每股收益（稀释后）GOLFVNET
| Q4 25 | $-0.57 | — | ||
| Q3 25 | $0.81 | — | ||
| Q2 25 | $1.25 | — | ||
| Q1 25 | $1.62 | — | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $0.89 | — | ||
| Q2 24 | $1.11 | — | ||
| Q1 24 | $1.35 | — |
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 | — | $492.1M |
| 总债务越低越好 | $926.2M | — |
| 股东权益账面价值 | $783.6M | $890.8M |
| 总资产 | $2.3B | $6.1B |
| 负债/权益比越低杠杆越低 | 1.18× | — |
8季度趋势，按日历期对齐
现金及短期投资GOLFVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $219.5M | ||
| Q2 24 | — | $247.2M | ||
| Q1 24 | — | $246.9M |
总债务GOLFVNET
| Q4 25 | $926.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $753.1M | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益GOLFVNET
| Q4 25 | $783.6M | — | ||
| Q3 25 | $852.3M | $890.8M | ||
| Q2 25 | $808.5M | — | ||
| Q1 25 | $780.3M | $927.8M | ||
| Q4 24 | $765.2M | — | ||
| Q3 24 | $863.9M | $902.9M | ||
| Q2 24 | $863.7M | $900.6M | ||
| Q1 24 | $883.7M | $895.1M |
总资产GOLFVNET
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.4B | $6.1B | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.4B | $5.4B | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.3B | $4.3B | ||
| Q2 24 | $2.3B | $4.0B | ||
| Q1 24 | $2.4B | $3.9B |
负债/权益比GOLFVNET
| Q4 25 | 1.18× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.98× | — | ||
| 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 | $-338.0K | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-23.3M | $-193.1M |
| 自由现金流率自由现金流/营收 | -4.9% | -53.2% |
| 资本支出强度资本支出/营收 | 4.8% | 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 | $120.0M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流GOLFVNET
| Q4 25 | $-338.0K | — | ||
| Q3 25 | $163.1M | $113.8M | ||
| Q2 25 | $151.9M | — | ||
| Q1 25 | $-120.3M | $27.0M | ||
| Q4 24 | $-1.1M | — | ||
| Q3 24 | $144.1M | $108.3M | ||
| Q2 24 | $211.6M | $55.8M | ||
| Q1 24 | $-109.5M | $37.1M |
自由现金流GOLFVNET
| Q4 25 | $-23.3M | — | ||
| Q3 25 | $136.9M | $-193.1M | ||
| Q2 25 | $138.0M | — | ||
| Q1 25 | $-131.5M | $-220.0M | ||
| Q4 24 | $-33.2M | — | ||
| Q3 24 | $123.7M | $-95.0M | ||
| Q2 24 | $196.8M | $-81.6M | ||
| Q1 24 | $-116.8M | $-102.2M |
自由现金流率GOLFVNET
| Q4 25 | -4.9% | — | ||
| Q3 25 | 20.8% | -53.2% | ||
| Q2 25 | 19.2% | — | ||
| Q1 25 | -18.7% | -71.1% | ||
| Q4 24 | -7.5% | — | ||
| Q3 24 | 19.9% | -31.4% | ||
| Q2 24 | 28.8% | -29.8% | ||
| Q1 24 | -16.5% | -38.9% |
资本支出强度GOLFVNET
| Q4 25 | 4.8% | — | ||
| Q3 25 | 4.0% | 84.6% | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 1.6% | 79.8% | ||
| Q4 24 | 7.2% | — | ||
| Q3 24 | 3.3% | 67.3% | ||
| Q2 24 | 2.2% | 50.1% | ||
| Q1 24 | 1.0% | 53.0% |
现金转化率GOLFVNET
| Q4 25 | — | — | ||
| Q3 25 | 3.36× | — | ||
| Q2 25 | 2.01× | — | ||
| Q1 25 | -1.21× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.56× | — | ||
| Q2 24 | 2.96× | — | ||
| Q1 24 | -1.25× | — |
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
GOLF
| Titleist Golf Equipment | $293.8M | 62% |
| Footjoy Golf Wear | $102.0M | 21% |
| Other | $45.3M | 9% |
| Golf Gear | $36.1M | 8% |
VNET
暂无分部数据
