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Hillman Solutions Corp.（HLMN）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
Hillman Solutions Corp.的季度营收约是世纪互联的1.0倍（$370.1M vs $362.7M），Hillman Solutions Corp.净利率更高（-1.3% vs -10.7%，领先9.4%），Hillman Solutions Corp.自由现金流更多（$-34.3M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -1.2%）
Hillman Solutions是一家美国企业，核心业务涵盖五金产品制造、分销以及面向消费者的定制加工服务，为市场提供多元化的五金相关解决方案，服务覆盖产业链多个环节。
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。
HLMN vs VNET — 直观对比
营收规模更大
HLMN
是对方的1.0倍
$362.7M
净利率更高
HLMN
高出9.4%
-10.7%
自由现金流更多
HLMN
多$158.7M
$-193.1M
两年增速更快
VNET
近两年复合增速
-1.2%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $370.1M | $362.7M |
| 净利润 | $-4.7M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 1.9% | 0.5% |
| 净利率 | -1.3% | -10.7% |
| 营收同比 | 3.0% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.02 | — |
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HLMNVNET
| Q1 26 | $370.1M | — | ||
| Q4 25 | $365.1M | — | ||
| Q3 25 | $424.9M | $362.7M | ||
| Q2 25 | $402.8M | — | ||
| Q1 25 | $359.3M | $309.5M | ||
| Q4 24 | $349.6M | — | ||
| Q3 24 | $393.3M | $302.2M | ||
| Q2 24 | $379.4M | $274.4M |
净利润HLMNVNET
| Q1 26 | $-4.7M | — | ||
| Q4 25 | $1.6M | — | ||
| Q3 25 | $23.2M | $-38.7M | ||
| Q2 25 | $15.8M | — | ||
| Q1 25 | $-317.0K | $-2.4M | ||
| Q4 24 | $-1.2M | — | ||
| Q3 24 | $7.4M | $-2.1M | ||
| Q2 24 | $12.5M | $-1.1M |
毛利率HLMNVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% |
营业利润率HLMNVNET
| Q1 26 | 1.9% | — | ||
| Q4 25 | 4.6% | — | ||
| Q3 25 | 10.8% | 0.5% | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | 4.2% | 0.1% | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 6.8% | 24.5% | ||
| Q2 24 | 8.3% | 0.2% |
净利率HLMNVNET
| Q1 26 | -1.3% | — | ||
| Q4 25 | 0.4% | — | ||
| Q3 25 | 5.5% | -10.7% | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | -0.1% | -0.8% | ||
| Q4 24 | -0.3% | — | ||
| Q3 24 | 1.9% | -0.7% | ||
| Q2 24 | 3.3% | -0.4% |
每股收益（稀释后）HLMNVNET
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.00 | — | ||
| Q3 25 | $0.12 | — | ||
| Q2 25 | $0.08 | — | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | $-0.00 | — | ||
| Q3 24 | $0.04 | — | ||
| Q2 24 | $0.06 | — |
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 | $27.7M | $492.1M |
| 总债务越低越好 | $714.1M | — |
| 股东权益账面价值 | $1.2B | $890.8M |
| 总资产 | $2.4B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资HLMNVNET
| Q1 26 | $27.7M | — | ||
| Q4 25 | $27.3M | — | ||
| Q3 25 | $37.7M | $492.1M | ||
| Q2 25 | $34.2M | — | ||
| Q1 25 | $36.3M | $544.3M | ||
| Q4 24 | $44.5M | — | ||
| Q3 24 | $59.8M | $219.5M | ||
| Q2 24 | $54.0M | $247.2M |
总债务HLMNVNET
| Q1 26 | $714.1M | — | ||
| Q4 25 | $668.3M | — | ||
| Q3 25 | $683.2M | — | ||
| Q2 25 | $683.1M | — | ||
| Q1 25 | $713.5M | — | ||
| Q4 24 | $691.7M | — | ||
| Q3 24 | $730.7M | $1.2B | ||
| Q2 24 | $732.1M | — |
股东权益HLMNVNET
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $890.8M | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | $927.8M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | $902.9M | ||
| Q2 24 | $1.2B | $900.6M |
总资产HLMNVNET
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | $6.1B | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.3B | $5.4B | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.4B | $4.3B | ||
| Q2 24 | $2.4B | $4.0B |
负债/权益比HLMNVNET
| Q1 26 | 0.59× | — | ||
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.59× | — | ||
| Q3 24 | 0.62× | 1.28× | ||
| Q2 24 | 0.62× | — |
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 | — | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-34.3M | $-193.1M |
| 自由现金流率自由现金流/营收 | -9.3% | -53.2% |
| 资本支出强度资本支出/营收 | 4.0% | 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 | $22.1M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流HLMNVNET
| Q1 26 | — | — | ||
| Q4 25 | $30.9M | — | ||
| Q3 25 | $26.2M | $113.8M | ||
| Q2 25 | $48.7M | — | ||
| Q1 25 | $-655.0K | $27.0M | ||
| Q4 24 | $43.1M | — | ||
| Q3 24 | $63.7M | $108.3M | ||
| Q2 24 | $64.8M | $55.8M |
自由现金流HLMNVNET
| Q1 26 | $-34.3M | — | ||
| Q4 25 | $16.1M | — | ||
| Q3 25 | $9.1M | $-193.1M | ||
| Q2 25 | $31.2M | — | ||
| Q1 25 | $-21.3M | $-220.0M | ||
| Q4 24 | $22.1M | — | ||
| Q3 24 | $39.6M | $-95.0M | ||
| Q2 24 | $42.5M | $-81.6M |
自由现金流率HLMNVNET
| Q1 26 | -9.3% | — | ||
| Q4 25 | 4.4% | — | ||
| Q3 25 | 2.1% | -53.2% | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | -5.9% | -71.1% | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 10.1% | -31.4% | ||
| Q2 24 | 11.2% | -29.8% |
资本支出强度HLMNVNET
| Q1 26 | 4.0% | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | 4.0% | 84.6% | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 5.7% | 79.8% | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | 6.1% | 67.3% | ||
| Q2 24 | 5.9% | 50.1% |
现金转化率HLMNVNET
| Q1 26 | — | — | ||
| Q4 25 | 19.33× | — | ||
| Q3 25 | 1.13× | — | ||
| Q2 25 | 3.08× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.57× | — | ||
| Q2 24 | 5.17× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
