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Hagerty, Inc.（HGTY）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
Hagerty, Inc.的季度营收约是世纪互联的1.1倍（$388.1M vs $362.7M），Hagerty, Inc.净利率更高（7.4% vs -10.7%，领先18.0%），Hagerty, Inc.自由现金流更多（$194.5M vs $-193.1M），过去两年Hagerty, Inc.的营收复合增速更高（19.5% vs 17.4%）
哈格蒂（Hagerty, Inc.）是美国知名汽车生活方式及会员服务企业，同时是全球规模最大的经典老爷车特种保险供应商，总部位于密歇根州特拉弗斯城，业务范围覆盖加拿大、德国及英国市场。
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。
HGTY vs VNET — 直观对比
营收规模更大
HGTY
是对方的1.1倍
$362.7M
净利率更高
HGTY
高出18.0%
-10.7%
自由现金流更多
HGTY
多$387.5M
$-193.1M
两年增速更快
HGTY
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $388.1M | $362.7M |
| 净利润 | $28.6M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 10.2% | 0.5% |
| 净利率 | 7.4% | -10.7% |
| 营收同比 | 16.5% | — |
| 净利润同比 | 238.4% | — |
| 每股收益（稀释后） | — | — |
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HGTYVNET
| Q4 25 | $388.1M | — | ||
| Q3 25 | $380.0M | $362.7M | ||
| Q2 25 | $368.7M | — | ||
| Q1 25 | $319.6M | $309.5M | ||
| Q4 24 | $333.2M | — | ||
| Q3 24 | $323.4M | $302.2M | ||
| Q2 24 | $313.2M | $274.4M | ||
| Q1 24 | $271.7M | $262.9M |
净利润HGTYVNET
| Q4 25 | $28.6M | — | ||
| Q3 25 | $46.2M | $-38.7M | ||
| Q2 25 | $47.2M | — | ||
| Q1 25 | $27.3M | $-2.4M | ||
| Q4 24 | $8.4M | — | ||
| Q3 24 | $19.0M | $-2.1M | ||
| Q2 24 | $42.7M | $-1.1M | ||
| Q1 24 | $8.2M | $-22.0M |
毛利率HGTYVNET
| 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HGTYVNET
| Q4 25 | 10.2% | — | ||
| Q3 25 | 9.0% | 0.5% | ||
| Q2 25 | 12.9% | — | ||
| Q1 25 | 8.1% | 0.1% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 3.1% | 24.5% | ||
| Q2 24 | 12.2% | 0.2% | ||
| Q1 24 | 4.5% | 0.2% |
净利率HGTYVNET
| Q4 25 | 7.4% | — | ||
| Q3 25 | 12.2% | -10.7% | ||
| Q2 25 | 12.8% | — | ||
| Q1 25 | 8.5% | -0.8% | ||
| Q4 24 | 2.5% | — | ||
| Q3 24 | 5.9% | -0.7% | ||
| Q2 24 | 13.6% | -0.4% | ||
| Q1 24 | 3.0% | -8.4% |
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 | $160.2M | $492.1M |
| 总债务越低越好 | $177.9M | — |
| 股东权益账面价值 | $221.3M | $890.8M |
| 总资产 | $2.1B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资HGTYVNET
| Q4 25 | $160.2M | — | ||
| Q3 25 | $290.5M | $492.1M | ||
| Q2 25 | $259.6M | — | ||
| Q1 25 | $232.7M | $544.3M | ||
| Q4 24 | $178.7M | — | ||
| Q3 24 | $208.9M | $219.5M | ||
| Q2 24 | $186.4M | $247.2M | ||
| Q1 24 | $131.2M | $246.9M |
总债务HGTYVNET
| Q4 25 | $177.9M | — | ||
| Q3 25 | $104.4M | — | ||
| Q2 25 | $153.4M | — | ||
| Q1 25 | $132.6M | — | ||
| Q4 24 | $105.8M | — | ||
| Q3 24 | $122.9M | $1.2B | ||
| Q2 24 | $98.0M | — | ||
| Q1 24 | $91.5M | — |
股东权益HGTYVNET
| Q4 25 | $221.3M | — | ||
| Q3 25 | $211.7M | $890.8M | ||
| Q2 25 | $172.3M | — | ||
| Q1 25 | $162.9M | $927.8M | ||
| Q4 24 | $150.3M | — | ||
| Q3 24 | $148.3M | $902.9M | ||
| Q2 24 | $94.4M | $900.6M | ||
| Q1 24 | $93.5M | $895.1M |
总资产HGTYVNET
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.2B | $6.1B | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $1.8B | $5.4B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.8B | $4.3B | ||
| Q2 24 | $1.7B | $4.0B | ||
| Q1 24 | $1.6B | $3.9B |
负债/权益比HGTYVNET
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.49× | — | ||
| Q2 25 | 0.89× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.83× | 1.28× | ||
| Q2 24 | 1.04× | — | ||
| Q1 24 | 0.98× | — |
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 | $219.0M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $194.5M | $-193.1M |
| 自由现金流率自由现金流/营收 | 50.1% | -53.2% |
| 资本支出强度资本支出/营收 | 6.3% | 84.6% |
| 现金转化率经营现金流/净利润 | 7.67× | — |
| 过去12个月自由现金流最近4个季度 | $365.8M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流HGTYVNET
| Q4 25 | $219.0M | — | ||
| Q3 25 | $92.2M | $113.8M | ||
| Q2 25 | $53.9M | — | ||
| Q1 25 | $43.8M | $27.0M | ||
| Q4 24 | $177.0M | — | ||
| Q3 24 | $67.4M | $108.3M | ||
| Q2 24 | $64.0M | $55.8M | ||
| Q1 24 | $58.2M | $37.1M |
自由现金流HGTYVNET
| Q4 25 | $194.5M | — | ||
| Q3 25 | $85.2M | $-193.1M | ||
| Q2 25 | $47.7M | — | ||
| Q1 25 | $38.4M | $-220.0M | ||
| Q4 24 | $155.7M | — | ||
| Q3 24 | $62.0M | $-95.0M | ||
| Q2 24 | $56.6M | $-81.6M | ||
| Q1 24 | $53.7M | $-102.2M |
自由现金流率HGTYVNET
| Q4 25 | 50.1% | — | ||
| Q3 25 | 22.4% | -53.2% | ||
| Q2 25 | 12.9% | — | ||
| Q1 25 | 12.0% | -71.1% | ||
| Q4 24 | 46.7% | — | ||
| Q3 24 | 19.2% | -31.4% | ||
| Q2 24 | 18.1% | -29.8% | ||
| Q1 24 | 19.8% | -38.9% |
资本支出强度HGTYVNET
| Q4 25 | 6.3% | — | ||
| Q3 25 | 1.8% | 84.6% | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 1.7% | 79.8% | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 1.7% | 67.3% | ||
| Q2 24 | 2.4% | 50.1% | ||
| Q1 24 | 1.7% | 53.0% |
现金转化率HGTYVNET
| Q4 25 | 7.67× | — | ||
| Q3 25 | 2.00× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.61× | — | ||
| Q4 24 | 20.97× | — | ||
| Q3 24 | 3.55× | — | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 7.10× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
