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WARRIOR MET COAL, INC.（HCC）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
WARRIOR MET COAL, INC.的季度营收约是世纪互联的1.1倍（$384.0M vs $362.7M），WARRIOR MET COAL, INC.净利率更高（6.0% vs -10.7%，领先16.6%），过去两年世纪互联的营收复合增速更高（17.4% vs -12.7%）
Warrior Met Coal（股票代码HCC）是总部位于美国的矿业企业，主营高品质冶金煤的开采与供应，其产品是钢铁制造的核心原材料，主要服务北美、欧洲、亚洲地区的钢铁生产商及工业客户。
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。
HCC vs VNET — 直观对比
营收规模更大
HCC
是对方的1.1倍
$362.7M
净利率更高
HCC
高出16.6%
-10.7%
两年增速更快
VNET
近两年复合增速
-12.7%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $384.0M | $362.7M |
| 净利润 | $23.0M | $-38.7M |
| 毛利率 | 29.5% | 20.9% |
| 营业利润率 | 9.0% | 0.5% |
| 净利率 | 6.0% | -10.7% |
| 营收同比 | 29.1% | — |
| 净利润同比 | 1919.5% | — |
| 每股收益（稀释后） | $0.43 | — |
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HCCVNET
| Q4 25 | $384.0M | — | ||
| Q3 25 | $328.6M | $362.7M | ||
| Q2 25 | $297.5M | — | ||
| Q1 25 | $299.9M | $309.5M | ||
| Q4 24 | $297.5M | — | ||
| Q3 24 | $327.7M | $302.2M | ||
| Q2 24 | $396.5M | $274.4M | ||
| Q1 24 | $503.5M | $262.9M |
净利润HCCVNET
| Q4 25 | $23.0M | — | ||
| Q3 25 | $36.6M | $-38.7M | ||
| Q2 25 | $5.6M | — | ||
| Q1 25 | $-8.2M | $-2.4M | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $41.8M | $-2.1M | ||
| Q2 24 | $70.7M | $-1.1M | ||
| Q1 24 | $137.0M | $-22.0M |
毛利率HCCVNET
| Q4 25 | 29.5% | — | ||
| Q3 25 | 27.1% | 20.9% | ||
| Q2 25 | 23.9% | — | ||
| Q1 25 | 18.1% | 25.2% | ||
| Q4 24 | 23.1% | — | ||
| Q3 24 | 29.3% | 23.2% | ||
| Q2 24 | 34.1% | 21.3% | ||
| Q1 24 | 43.3% | 21.6% |
营业利润率HCCVNET
| Q4 25 | 9.0% | — | ||
| Q3 25 | 6.3% | 0.5% | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | -5.8% | 0.1% | ||
| Q4 24 | -1.4% | — | ||
| Q3 24 | 11.9% | 24.5% | ||
| Q2 24 | 17.9% | 0.2% | ||
| Q1 24 | 29.6% | 0.2% |
净利率HCCVNET
| Q4 25 | 6.0% | — | ||
| Q3 25 | 11.1% | -10.7% | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | -2.7% | -0.8% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 12.7% | -0.7% | ||
| Q2 24 | 17.8% | -0.4% | ||
| Q1 24 | 27.2% | -8.4% |
每股收益（稀释后）HCCVNET
| Q4 25 | $0.43 | — | ||
| Q3 25 | $0.70 | — | ||
| Q2 25 | $0.11 | — | ||
| Q1 25 | $-0.16 | — | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $0.80 | — | ||
| Q2 24 | $1.35 | — | ||
| Q1 24 | $2.62 | — |
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 | $300.0M | $492.1M |
| 总债务越低越好 | $154.3M | — |
| 股东权益账面价值 | $2.1B | $890.8M |
| 总资产 | $2.8B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.07× | — |
8季度趋势，按日历期对齐
现金及短期投资HCCVNET
| Q4 25 | $300.0M | — | ||
| Q3 25 | $336.3M | $492.1M | ||
| Q2 25 | $383.3M | — | ||
| Q1 25 | $454.9M | $544.3M | ||
| Q4 24 | $491.5M | — | ||
| Q3 24 | $583.2M | $219.5M | ||
| Q2 24 | $709.0M | $247.2M | ||
| Q1 24 | $693.9M | $246.9M |
总债务HCCVNET
| Q4 25 | $154.3M | — | ||
| Q3 25 | $154.1M | — | ||
| Q2 25 | $153.9M | — | ||
| Q1 25 | $153.8M | — | ||
| Q4 24 | $153.6M | — | ||
| Q3 24 | $153.5M | $1.2B | ||
| Q2 24 | $153.3M | — | ||
| Q1 24 | $153.2M | — |
股东权益HCCVNET
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $890.8M | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.1B | $927.8M | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | $902.9M | ||
| Q2 24 | $2.0B | $900.6M | ||
| Q1 24 | $2.0B | $895.1M |
总资产HCCVNET
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.7B | $6.1B | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | $5.4B | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.6B | $4.3B | ||
| Q2 24 | $2.6B | $4.0B | ||
| Q1 24 | $2.5B | $3.9B |
负债/权益比HCCVNET
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.07× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.07× | — | ||
| Q3 24 | 0.07× | 1.28× | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 0.08× | — |
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 | $76.1M | $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 | 3.31× | — |
| 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HCCVNET
| Q4 25 | $76.1M | — | ||
| Q3 25 | $104.7M | $113.8M | ||
| Q2 25 | $37.5M | — | ||
| Q1 25 | $10.9M | $27.0M | ||
| Q4 24 | $54.2M | — | ||
| Q3 24 | $62.2M | $108.3M | ||
| Q2 24 | $147.0M | $55.8M | ||
| Q1 24 | $104.1M | $37.1M |
自由现金流HCCVNET
| 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HCCVNET
| 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HCCVNET
| 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HCCVNET
| Q4 25 | 3.31× | — | ||
| Q3 25 | 2.86× | — | ||
| Q2 25 | 6.70× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.68× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 2.08× | — | ||
| Q1 24 | 0.76× | — |
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
HCC
| Mining Segment | $373.6M | 97% |
| Other | $10.4M | 3% |
VNET
暂无分部数据
