vs
HCI Group, Inc.（HCI）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HCI Group, Inc.的1.5倍（$362.7M vs $246.2M），HCI Group, Inc.净利率更高（39.7% vs -10.7%，领先50.3%），HCI Group, Inc.自由现金流更多（$440.8M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 9.2%）
HCI集团是一家总部位于美国华盛顿特区的私募股权投资公司，在伊利诺伊州芝加哥设有分支机构，专注于股权投资相关业务，为合作企业提供资本支持与运营赋能，助力企业实现长期发展目标。
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。
HCI vs VNET — 直观对比
营收规模更大
VNET
是对方的1.5倍
$246.2M
净利率更高
HCI
高出50.3%
-10.7%
自由现金流更多
HCI
多$633.9M
$-193.1M
两年增速更快
VNET
近两年复合增速
9.2%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $246.2M | $362.7M |
| 净利润 | $97.7M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 58.5% | 0.5% |
| 净利率 | 39.7% | -10.7% |
| 营收同比 | 52.1% | — |
| 净利润同比 | 3679.2% | — |
| 每股收益（稀释后） | $7.29 | — |
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HCIVNET
| Q4 25 | $246.2M | — | ||
| Q3 25 | $216.3M | $362.7M | ||
| Q2 25 | $221.9M | — | ||
| Q1 25 | $216.4M | $309.5M | ||
| Q4 24 | $161.9M | — | ||
| Q3 24 | $175.3M | $302.2M | ||
| Q2 24 | $206.2M | $274.4M | ||
| Q1 24 | $206.6M | $262.9M |
净利润HCIVNET
| Q4 25 | $97.7M | — | ||
| Q3 25 | $65.5M | $-38.7M | ||
| Q2 25 | $66.2M | — | ||
| Q1 25 | $69.7M | $-2.4M | ||
| Q4 24 | $2.6M | — | ||
| Q3 24 | $5.7M | $-2.1M | ||
| Q2 24 | $54.1M | $-1.1M | ||
| Q1 24 | $47.6M | $-22.0M |
毛利率HCIVNET
| 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HCIVNET
| Q4 25 | 58.5% | — | ||
| Q3 25 | 41.9% | 0.5% | ||
| Q2 25 | 42.5% | — | ||
| Q1 25 | 46.4% | 0.1% | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 8.0% | 24.5% | ||
| Q2 24 | 36.9% | 0.2% | ||
| Q1 24 | 37.5% | 0.2% |
净利率HCIVNET
| Q4 25 | 39.7% | — | ||
| Q3 25 | 30.3% | -10.7% | ||
| Q2 25 | 29.8% | — | ||
| Q1 25 | 32.2% | -0.8% | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 3.2% | -0.7% | ||
| Q2 24 | 26.2% | -0.4% | ||
| Q1 24 | 23.0% | -8.4% |
每股收益（稀释后）HCIVNET
| Q4 25 | $7.29 | — | ||
| Q3 25 | $4.90 | — | ||
| Q2 25 | $5.18 | — | ||
| Q1 25 | $5.35 | — | ||
| Q4 24 | $0.32 | — | ||
| Q3 24 | $0.52 | — | ||
| Q2 24 | $4.24 | — | ||
| Q1 24 | $3.81 | — |
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 | $1.2B | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $890.8M |
| 总资产 | $2.5B | $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HCIVNET
| Q4 25 | $1.2B | — | ||
| Q3 25 | $987.9M | $492.1M | ||
| Q2 25 | $947.2M | — | ||
| Q1 25 | $754.5M | $544.3M | ||
| Q4 24 | $532.5M | — | ||
| Q3 24 | $518.8M | $219.5M | ||
| Q2 24 | $445.8M | $247.2M | ||
| Q1 24 | $655.4M | $246.9M |
总债务HCIVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HCIVNET
| Q4 25 | $1.0B | — | ||
| Q3 25 | $821.8M | $890.8M | ||
| Q2 25 | $758.6M | — | ||
| Q1 25 | $522.7M | $927.8M | ||
| Q4 24 | $453.3M | — | ||
| Q3 24 | $455.3M | $902.9M | ||
| Q2 24 | $447.3M | $900.6M | ||
| Q1 24 | $395.7M | $895.1M |
总资产HCIVNET
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.3B | $6.1B | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.3B | $5.4B | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.0B | $4.3B | ||
| Q2 24 | $1.9B | $4.0B | ||
| Q1 24 | $1.8B | $3.9B |
负债/权益比HCIVNET
| 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 | $444.4M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $440.8M | $-193.1M |
| 自由现金流率自由现金流/营收 | 179.0% | -53.2% |
| 资本支出强度资本支出/营收 | 1.5% | 84.6% |
| 现金转化率经营现金流/净利润 | 4.55× | — |
| 过去12个月自由现金流最近4个季度 | $771.4M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流HCIVNET
| Q4 25 | $444.4M | — | ||
| Q3 25 | $26.7M | $113.8M | ||
| Q2 25 | $145.0M | — | ||
| Q1 25 | $162.0M | $27.0M | ||
| Q4 24 | $331.8M | — | ||
| Q3 24 | $104.1M | $108.3M | ||
| Q2 24 | $-29.0M | $55.8M | ||
| Q1 24 | $182.0M | $37.1M |
自由现金流HCIVNET
| Q4 25 | $440.8M | — | ||
| Q3 25 | $25.9M | $-193.1M | ||
| Q2 25 | $144.5M | — | ||
| Q1 25 | $160.3M | $-220.0M | ||
| Q4 24 | $327.8M | — | ||
| Q3 24 | $103.2M | $-95.0M | ||
| Q2 24 | $-30.1M | $-81.6M | ||
| Q1 24 | $181.0M | $-102.2M |
自由现金流率HCIVNET
| Q4 25 | 179.0% | — | ||
| Q3 25 | 12.0% | -53.2% | ||
| Q2 25 | 65.1% | — | ||
| Q1 25 | 74.1% | -71.1% | ||
| Q4 24 | 202.5% | — | ||
| Q3 24 | 58.9% | -31.4% | ||
| Q2 24 | -14.6% | -29.8% | ||
| Q1 24 | 87.6% | -38.9% |
资本支出强度HCIVNET
| Q4 25 | 1.5% | — | ||
| Q3 25 | 0.4% | 84.6% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.8% | 79.8% | ||
| Q4 24 | 2.5% | — | ||
| Q3 24 | 0.5% | 67.3% | ||
| Q2 24 | 0.5% | 50.1% | ||
| Q1 24 | 0.5% | 53.0% |
现金转化率HCIVNET
| Q4 25 | 4.55× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | 2.32× | — | ||
| Q4 24 | 128.41× | — | ||
| Q3 24 | 18.33× | — | ||
| Q2 24 | -0.54× | — | ||
| Q1 24 | 3.82× | — |
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
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
VNET
暂无分部数据
