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HORACE MANN EDUCATORS CORP（HMN）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
HORACE MANN EDUCATORS CORP的季度营收约是世纪互联的1.2倍（$434.8M vs $362.7M），过去两年世纪互联的营收复合增速更高（17.4% vs 6.1%）
贺拉斯曼是一家总部位于美国伊利诺伊州的金融服务企业，主营汽车保险、财产保险、补充保险与人寿保险业务，同时提供退休年金、共同基金等金融产品，核心服务群体为教育工作者及其家庭。
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。
HMN vs VNET — 直观对比
营收规模更大
HMN
是对方的1.2倍
$362.7M
两年增速更快
VNET
近两年复合增速
6.1%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $434.8M | $362.7M |
| 净利润 | — | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 10.5% | 0.5% |
| 净利率 | — | -10.7% |
| 营收同比 | 6.3% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.87 | — |
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HMNVNET
| Q4 25 | $434.8M | — | ||
| Q3 25 | $438.5M | $362.7M | ||
| Q2 25 | $411.7M | — | ||
| Q1 25 | $416.4M | $309.5M | ||
| Q4 24 | $409.0M | — | ||
| Q3 24 | $412.1M | $302.2M | ||
| Q2 24 | $388.1M | $274.4M | ||
| Q1 24 | $386.0M | $262.9M |
净利润HMNVNET
| Q4 25 | — | — | ||
| Q3 25 | $58.3M | $-38.7M | ||
| Q2 25 | $29.4M | — | ||
| Q1 25 | $38.2M | $-2.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | $34.3M | $-2.1M | ||
| Q2 24 | $3.8M | $-1.1M | ||
| Q1 24 | $26.5M | $-22.0M |
毛利率HMNVNET
| 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HMNVNET
| Q4 25 | 10.5% | — | ||
| Q3 25 | 16.3% | 0.5% | ||
| Q2 25 | 8.9% | — | ||
| Q1 25 | 11.4% | 0.1% | ||
| Q4 24 | 11.8% | — | ||
| Q3 24 | 10.4% | 24.5% | ||
| Q2 24 | 1.2% | 0.2% | ||
| Q1 24 | 8.5% | 0.2% |
净利率HMNVNET
| Q4 25 | — | — | ||
| Q3 25 | 13.3% | -10.7% | ||
| Q2 25 | 7.1% | — | ||
| Q1 25 | 9.2% | -0.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.3% | -0.7% | ||
| Q2 24 | 1.0% | -0.4% | ||
| Q1 24 | 6.9% | -8.4% |
每股收益（稀释后）HMNVNET
| Q4 25 | $0.87 | — | ||
| Q3 25 | $1.40 | — | ||
| Q2 25 | $0.71 | — | ||
| Q1 25 | $0.92 | — | ||
| Q4 24 | $0.92 | — | ||
| Q3 24 | $0.83 | — | ||
| Q2 24 | $0.09 | — | ||
| Q1 24 | $0.64 | — |
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 | $27.5M | $492.1M |
| 总债务越低越好 | $593.4M | — |
| 股东权益账面价值 | $1.5B | $890.8M |
| 总资产 | $15.3B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.40× | — |
8季度趋势，按日历期对齐
现金及短期投资HMNVNET
| Q4 25 | $27.5M | — | ||
| Q3 25 | $46.7M | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | $38.1M | — | ||
| Q3 24 | — | $219.5M | ||
| Q2 24 | — | $247.2M | ||
| Q1 24 | — | $246.9M |
总债务HMNVNET
| Q4 25 | $593.4M | — | ||
| Q3 25 | $842.9M | — | ||
| Q2 25 | $547.5M | — | ||
| Q1 25 | $547.2M | — | ||
| Q4 24 | $547.0M | — | ||
| Q3 24 | $546.7M | $1.2B | ||
| Q2 24 | $546.5M | — | ||
| Q1 24 | $546.2M | — |
股东权益HMNVNET
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | $890.8M | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | $927.8M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $902.9M | ||
| Q2 24 | $1.2B | $900.6M | ||
| Q1 24 | $1.2B | $895.1M |
总资产HMNVNET
| Q4 25 | $15.3B | — | ||
| Q3 25 | $15.5B | $6.1B | ||
| Q2 25 | $14.7B | — | ||
| Q1 25 | $14.4B | $5.4B | ||
| Q4 24 | $14.5B | — | ||
| Q3 24 | $14.7B | $4.3B | ||
| Q2 24 | $14.3B | $4.0B | ||
| Q1 24 | $14.2B | $3.9B |
负债/权益比HMNVNET
| Q4 25 | 0.40× | — | ||
| Q3 25 | 0.58× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.41× | — | ||
| Q4 24 | 0.42× | — | ||
| Q3 24 | 0.42× | 1.28× | ||
| Q2 24 | 0.45× | — | ||
| Q1 24 | 0.45× | — |
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 | $553.2M | $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 | — | — |
| 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HMNVNET
| Q4 25 | $553.2M | — | ||
| Q3 25 | $151.2M | $113.8M | ||
| Q2 25 | $131.3M | — | ||
| Q1 25 | $140.8M | $27.0M | ||
| Q4 24 | $452.1M | — | ||
| Q3 24 | $143.9M | $108.3M | ||
| Q2 24 | $40.2M | $55.8M | ||
| Q1 24 | $74.5M | $37.1M |
自由现金流HMNVNET
| 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HMNVNET
| 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HMNVNET
| 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HMNVNET
| Q4 25 | — | — | ||
| Q3 25 | 2.59× | — | ||
| Q2 25 | 4.47× | — | ||
| Q1 25 | 3.69× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.20× | — | ||
| Q2 24 | 10.58× | — | ||
| Q1 24 | 2.81× | — |
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
HMN
| Property And Casualty | $224.3M | 52% |
| Life And Retirement | $139.6M | 32% |
| Supplemental And Group Benefits | $77.0M | 18% |
VNET
暂无分部数据
