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Hillenbrand, Inc.（HI）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
Hillenbrand, Inc.的季度营收约是世纪互联的1.5倍（$550.2M vs $362.7M），Hillenbrand, Inc.净利率更高（-0.4% vs -10.7%，领先10.3%），Hillenbrand, Inc.自由现金流更多（$-31.6M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -16.3%）
希伦布兰德是一家全球化多元化工业企业，设计、生产及销售专用加工设备与耐用工业解决方案，服务食品饮料、农业、制造、废弃物管理等领域，业务覆盖北美、欧洲及亚太地区。
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。
HI vs VNET — 直观对比
营收规模更大
HI
是对方的1.5倍
$362.7M
净利率更高
HI
高出10.3%
-10.7%
自由现金流更多
HI
多$161.5M
$-193.1M
两年增速更快
VNET
近两年复合增速
-16.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $550.2M | $362.7M |
| 净利润 | $-2.2M | $-38.7M |
| 毛利率 | 33.4% | 20.9% |
| 营业利润率 | -2.2% | 0.5% |
| 净利率 | -0.4% | -10.7% |
| 营收同比 | -22.2% | — |
| 净利润同比 | -134.4% | — |
| 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HIVNET
| Q4 25 | $550.2M | — | ||
| Q3 25 | $652.1M | $362.7M | ||
| Q2 25 | $598.9M | — | ||
| Q1 25 | $715.9M | $309.5M | ||
| Q4 24 | $706.9M | — | ||
| Q3 24 | $837.6M | $302.2M | ||
| Q2 24 | $786.6M | $274.4M | ||
| Q1 24 | $785.3M | $262.9M |
净利润HIVNET
| Q4 25 | $-2.2M | — | ||
| Q3 25 | $75.7M | $-38.7M | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $-40.9M | $-2.4M | ||
| Q4 24 | $6.4M | — | ||
| Q3 24 | $14.6M | $-2.1M | ||
| Q2 24 | $-248.9M | $-1.1M | ||
| Q1 24 | $6.1M | $-22.0M |
毛利率HIVNET
| Q4 25 | 33.4% | — | ||
| Q3 25 | 34.8% | 20.9% | ||
| Q2 25 | 33.8% | — | ||
| Q1 25 | 33.0% | 25.2% | ||
| Q4 24 | 33.2% | — | ||
| Q3 24 | 34.4% | 23.2% | ||
| Q2 24 | 33.9% | 21.3% | ||
| Q1 24 | 31.9% | 21.6% |
营业利润率HIVNET
| Q4 25 | -2.2% | — | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | -6.2% | 0.1% | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | -32.7% | 0.2% | ||
| Q1 24 | 1.6% | 0.2% |
净利率HIVNET
| Q4 25 | -0.4% | — | ||
| Q3 25 | 11.6% | -10.7% | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | -5.7% | -0.8% | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.7% | -0.7% | ||
| Q2 24 | -31.6% | -0.4% | ||
| Q1 24 | 0.8% | -8.4% |
每股收益（稀释后）HIVNET
| Q4 25 | — | — | ||
| Q3 25 | $1.07 | — | ||
| Q2 25 | $0.03 | — | ||
| Q1 25 | $-0.58 | — | ||
| Q4 24 | $0.09 | — | ||
| Q3 24 | $0.20 | — | ||
| Q2 24 | $-3.53 | — | ||
| Q1 24 | $0.09 | — |
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 | $173.1M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $890.8M |
| 总资产 | $4.5B | $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HIVNET
| Q4 25 | $173.1M | — | ||
| Q3 25 | $164.8M | $492.1M | ||
| Q2 25 | $162.8M | — | ||
| Q1 25 | $458.4M | $544.3M | ||
| Q4 24 | $208.0M | — | ||
| Q3 24 | $199.3M | $219.5M | ||
| Q2 24 | $223.8M | $247.2M | ||
| Q1 24 | $224.4M | $246.9M |
总债务HIVNET
| Q4 25 | — | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | $1.2B | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.1B | — |
股东权益HIVNET
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $890.8M | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | $927.8M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $902.9M | ||
| Q2 24 | $1.4B | $900.6M | ||
| Q1 24 | $1.7B | $895.1M |
总资产HIVNET
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.5B | $6.1B | ||
| Q2 25 | $4.7B | — | ||
| Q1 25 | $4.8B | $5.4B | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $5.2B | $4.3B | ||
| Q2 24 | $5.3B | $4.0B | ||
| Q1 24 | $5.6B | $3.9B |
负债/权益比HIVNET
| Q4 25 | — | — | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.27× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.38× | — | ||
| Q3 24 | 1.33× | 1.28× | ||
| Q2 24 | 1.48× | — | ||
| Q1 24 | 1.28× | — |
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 | $-27.4M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-31.6M | $-193.1M |
| 自由现金流率自由现金流/营收 | -5.7% | -53.2% |
| 资本支出强度资本支出/营收 | 0.8% | 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 | $7.8M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流HIVNET
| Q4 25 | $-27.4M | — | ||
| Q3 25 | $67.7M | $113.8M | ||
| Q2 25 | $-1.5M | — | ||
| Q1 25 | $1.3M | $27.0M | ||
| Q4 24 | $-11.3M | — | ||
| Q3 24 | $166.5M | $108.3M | ||
| Q2 24 | $45.6M | $55.8M | ||
| Q1 24 | $3.2M | $37.1M |
自由现金流HIVNET
| Q4 25 | $-31.6M | — | ||
| Q3 25 | $58.6M | $-193.1M | ||
| Q2 25 | $-11.2M | — | ||
| Q1 25 | $-8.0M | $-220.0M | ||
| Q4 24 | $-21.5M | — | ||
| Q3 24 | $153.4M | $-95.0M | ||
| Q2 24 | $29.7M | $-81.6M | ||
| Q1 24 | $-9.6M | $-102.2M |
自由现金流率HIVNET
| Q4 25 | -5.7% | — | ||
| Q3 25 | 9.0% | -53.2% | ||
| Q2 25 | -1.9% | — | ||
| Q1 25 | -1.1% | -71.1% | ||
| Q4 24 | -3.0% | — | ||
| Q3 24 | 18.3% | -31.4% | ||
| Q2 24 | 3.8% | -29.8% | ||
| Q1 24 | -1.2% | -38.9% |
资本支出强度HIVNET
| Q4 25 | 0.8% | — | ||
| Q3 25 | 1.4% | 84.6% | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 1.3% | 79.8% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.6% | 67.3% | ||
| Q2 24 | 2.0% | 50.1% | ||
| Q1 24 | 1.6% | 53.0% |
现金转化率HIVNET
| Q4 25 | — | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | -0.79× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -1.77× | — | ||
| Q3 24 | 11.40× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.52× | — |
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
HI
| Transferred At Point In Time | $256.5M | 47% |
| Transferred Over Time | $207.1M | 38% |
| Molding Technology Solutions | $86.6M | 16% |
VNET
暂无分部数据
