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Hayward Holdings, Inc.（HAYW）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Hayward Holdings, Inc.的1.4倍（$362.7M vs $255.2M），Hayward Holdings, Inc.净利率更高（9.2% vs -10.7%，领先19.8%），过去两年世纪互联的营收复合增速更高（17.4% vs -5.3%）
海沃德控股前身为巴特利特-海沃德公司，是美国本土金属加工企业，总部位于马里兰州巴尔的摩，业务涵盖大型铸造、制造及工程建造板块。公司创立于19世纪30年代，1925年之前保持独立运营，1927年被科伯斯公司收购，之后长期作为其旗下事业部开展业务。
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。
HAYW vs VNET — 直观对比
营收规模更大
VNET
是对方的1.4倍
$255.2M
净利率更高
HAYW
高出19.8%
-10.7%
两年增速更快
VNET
近两年复合增速
-5.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $255.2M | $362.7M |
| 净利润 | $23.4M | $-38.7M |
| 毛利率 | 46.5% | 20.9% |
| 营业利润率 | 16.6% | 0.5% |
| 净利率 | 9.2% | -10.7% |
| 营收同比 | 11.5% | — |
| 净利润同比 | 63.0% | — |
| 每股收益（稀释后） | $0.11 | — |
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HAYWVNET
| Q1 26 | $255.2M | — | ||
| Q4 25 | $349.4M | — | ||
| Q3 25 | $244.3M | $362.7M | ||
| Q2 25 | $299.6M | — | ||
| Q1 25 | $228.8M | $309.5M | ||
| Q4 24 | $327.1M | — | ||
| Q3 24 | $227.6M | $302.2M | ||
| Q2 24 | $284.4M | $274.4M |
净利润HAYWVNET
| Q1 26 | $23.4M | — | ||
| Q4 25 | $68.4M | — | ||
| Q3 25 | $24.0M | $-38.7M | ||
| Q2 25 | $44.8M | — | ||
| Q1 25 | $14.3M | $-2.4M | ||
| Q4 24 | $54.7M | — | ||
| Q3 24 | $16.5M | $-2.1M | ||
| Q2 24 | $37.6M | $-1.1M |
毛利率HAYWVNET
| Q1 26 | 46.5% | — | ||
| Q4 25 | 40.7% | — | ||
| Q3 25 | 51.2% | 20.9% | ||
| Q2 25 | 52.7% | — | ||
| Q1 25 | 49.5% | 25.2% | ||
| Q4 24 | 51.4% | — | ||
| Q3 24 | 49.7% | 23.2% | ||
| Q2 24 | 51.0% | 21.3% |
营业利润率HAYWVNET
| Q1 26 | 16.6% | — | ||
| Q4 25 | 25.0% | — | ||
| Q3 25 | 16.8% | 0.5% | ||
| Q2 25 | 23.8% | — | ||
| Q1 25 | 14.6% | 0.1% | ||
| Q4 24 | 23.4% | — | ||
| Q3 24 | 14.7% | 24.5% | ||
| Q2 24 | 23.9% | 0.2% |
净利率HAYWVNET
| Q1 26 | 9.2% | — | ||
| Q4 25 | 19.6% | — | ||
| Q3 25 | 9.8% | -10.7% | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 6.3% | -0.8% | ||
| Q4 24 | 16.7% | — | ||
| Q3 24 | 7.3% | -0.7% | ||
| Q2 24 | 13.2% | -0.4% |
每股收益（稀释后）HAYWVNET
| Q1 26 | $0.11 | — | ||
| Q4 25 | $0.31 | — | ||
| Q3 25 | $0.11 | — | ||
| Q2 25 | $0.20 | — | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $0.26 | — | ||
| Q3 24 | $0.07 | — | ||
| Q2 24 | $0.17 | — |
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 | $230.7M | $492.1M |
| 总债务越低越好 | $11.1M | — |
| 股东权益账面价值 | $1.6B | $890.8M |
| 总资产 | $3.1B | $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HAYWVNET
| Q1 26 | $230.7M | — | ||
| Q4 25 | $399.1M | — | ||
| Q3 25 | $448.3M | $492.1M | ||
| Q2 25 | $365.1M | — | ||
| Q1 25 | $181.3M | $544.3M | ||
| Q4 24 | $196.6M | — | ||
| Q3 24 | $274.2M | $219.5M | ||
| Q2 24 | $215.1M | $247.2M |
总债务HAYWVNET
| Q1 26 | $11.1M | — | ||
| Q4 25 | $943.5M | — | ||
| Q3 25 | $947.7M | — | ||
| Q2 25 | $949.1M | — | ||
| Q1 25 | $950.4M | — | ||
| Q4 24 | $950.6M | — | ||
| Q3 24 | $959.9M | $1.2B | ||
| Q2 24 | $959.8M | — |
股东权益HAYWVNET
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.5B | $890.8M | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.4B | $927.8M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $902.9M | ||
| Q2 24 | $1.4B | $900.6M |
总资产HAYWVNET
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.0B | $6.1B | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | $5.4B | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $2.9B | $4.3B | ||
| Q2 24 | $2.9B | $4.0B |
负债/权益比HAYWVNET
| Q1 26 | 0.01× | — | ||
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.67× | — | ||
| Q3 24 | 0.70× | 1.28× | ||
| Q2 24 | 0.71× | — |
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 | $-150.6M | $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 | -6.45× | — |
| 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HAYWVNET
| Q1 26 | $-150.6M | — | ||
| Q4 25 | $-26.9M | — | ||
| Q3 25 | $94.6M | $113.8M | ||
| Q2 25 | $194.2M | — | ||
| Q1 25 | $-5.8M | $27.0M | ||
| Q4 24 | $-63.7M | — | ||
| Q3 24 | $65.9M | $108.3M | ||
| Q2 24 | $287.0M | $55.8M |
自由现金流HAYWVNET
| Q1 26 | — | — | ||
| Q4 25 | $-35.8M | — | ||
| Q3 25 | $87.2M | $-193.1M | ||
| Q2 25 | $187.3M | — | ||
| Q1 25 | $-11.4M | $-220.0M | ||
| Q4 24 | $-70.4M | — | ||
| Q3 24 | $59.1M | $-95.0M | ||
| Q2 24 | $282.3M | $-81.6M |
自由现金流率HAYWVNET
| Q1 26 | — | — | ||
| Q4 25 | -10.3% | — | ||
| Q3 25 | 35.7% | -53.2% | ||
| Q2 25 | 62.5% | — | ||
| Q1 25 | -5.0% | -71.1% | ||
| Q4 24 | -21.5% | — | ||
| Q3 24 | 26.0% | -31.4% | ||
| Q2 24 | 99.3% | -29.8% |
资本支出强度HAYWVNET
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | — | ||
| Q3 25 | 3.0% | 84.6% | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 2.4% | 79.8% | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 3.0% | 67.3% | ||
| Q2 24 | 1.7% | 50.1% |
现金转化率HAYWVNET
| Q1 26 | -6.45× | — | ||
| Q4 25 | -0.39× | — | ||
| Q3 25 | 3.94× | — | ||
| Q2 25 | 4.34× | — | ||
| Q1 25 | -0.41× | — | ||
| Q4 24 | -1.16× | — | ||
| Q3 24 | 4.00× | — | ||
| Q2 24 | 7.64× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
