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Hilltop Holdings Inc.（HTH）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Hilltop Holdings Inc.的1.2倍（$362.7M vs $300.5M），Hilltop Holdings Inc.净利率更高（13.0% vs -10.7%，领先23.6%），过去两年世纪互联的营收复合增速更高（17.4% vs 0.6%）
Hilltop Holdings Inc.是总部位于美国得克萨斯州达拉斯的金融控股公司，旗下拥有PlainsCapital Bank、PrimeLending与HilltopSecurities三大核心子公司，为客户提供多元金融产品及银行相关服务。
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。
HTH vs VNET — 直观对比
营收规模更大
VNET
是对方的1.2倍
$300.5M
净利率更高
HTH
高出23.6%
-10.7%
两年增速更快
VNET
近两年复合增速
0.6%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $300.5M | $362.7M |
| 净利润 | $39.0M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | — | 0.5% |
| 净利率 | 13.0% | -10.7% |
| 营收同比 | — | — |
| 净利润同比 | -12.4% | — |
| 每股收益（稀释后） | $0.64 | — |
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HTHVNET
| Q1 26 | $300.5M | — | ||
| Q4 25 | $329.9M | — | ||
| Q3 25 | $330.2M | $362.7M | ||
| Q2 25 | $303.3M | — | ||
| Q1 25 | $318.5M | $309.5M | ||
| Q4 24 | $301.1M | — | ||
| Q3 24 | $305.5M | $302.2M | ||
| Q2 24 | $297.0M | $274.4M |
净利润HTHVNET
| Q1 26 | $39.0M | — | ||
| Q4 25 | $41.6M | — | ||
| Q3 25 | $45.8M | $-38.7M | ||
| Q2 25 | $36.1M | — | ||
| Q1 25 | $42.1M | $-2.4M | ||
| Q4 24 | $35.5M | — | ||
| Q3 24 | $29.7M | $-2.1M | ||
| Q2 24 | $20.3M | $-1.1M |
毛利率HTHVNET
| 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HTHVNET
| Q1 26 | — | — | ||
| Q4 25 | 16.1% | — | ||
| Q3 25 | 18.4% | 0.5% | ||
| Q2 25 | 16.3% | — | ||
| Q1 25 | 18.1% | 0.1% | ||
| Q4 24 | 14.7% | — | ||
| Q3 24 | 13.9% | 24.5% | ||
| Q2 24 | 10.0% | 0.2% |
净利率HTHVNET
| Q1 26 | 13.0% | — | ||
| Q4 25 | 12.6% | — | ||
| Q3 25 | 13.9% | -10.7% | ||
| Q2 25 | 11.9% | — | ||
| Q1 25 | 13.2% | -0.8% | ||
| Q4 24 | 11.8% | — | ||
| Q3 24 | 9.7% | -0.7% | ||
| Q2 24 | 6.8% | -0.4% |
每股收益（稀释后）HTHVNET
| Q1 26 | $0.64 | — | ||
| Q4 25 | $0.68 | — | ||
| Q3 25 | $0.74 | — | ||
| Q2 25 | $0.57 | — | ||
| Q1 25 | $0.65 | — | ||
| Q4 24 | $0.55 | — | ||
| Q3 24 | $0.46 | — | ||
| Q2 24 | $0.31 | — |
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 | — | $492.1M |
| 总债务越低越好 | $990.8M | — |
| 股东权益账面价值 | $2.2B | $890.8M |
| 总资产 | $15.7B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.46× | — |
8季度趋势，按日历期对齐
现金及短期投资HTHVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $219.5M | ||
| Q2 24 | — | $247.2M |
总债务HTHVNET
| Q1 26 | $990.8M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益HTHVNET
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $890.8M | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | $927.8M | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.2B | $902.9M | ||
| Q2 24 | $2.1B | $900.6M |
总资产HTHVNET
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.8B | — | ||
| Q3 25 | $15.6B | $6.1B | ||
| Q2 25 | $15.4B | — | ||
| Q1 25 | $15.8B | $5.4B | ||
| Q4 24 | $16.3B | — | ||
| Q3 24 | $15.9B | $4.3B | ||
| Q2 24 | $15.6B | $4.0B |
负债/权益比HTHVNET
| Q1 26 | 0.46× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 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 | — | $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HTHVNET
| Q1 26 | — | — | ||
| Q4 25 | $-38.7M | — | ||
| Q3 25 | $273.0M | $113.8M | ||
| Q2 25 | $-234.6M | — | ||
| Q1 25 | $5.8M | $27.0M | ||
| Q4 24 | $273.9M | — | ||
| Q3 24 | $515.6M | $108.3M | ||
| Q2 24 | $-435.3M | $55.8M |
自由现金流HTHVNET
| Q1 26 | — | — | ||
| Q4 25 | $-55.5M | — | ||
| Q3 25 | $271.0M | $-193.1M | ||
| Q2 25 | $-234.6M | — | ||
| Q1 25 | $5.0M | $-220.0M | ||
| Q4 24 | $266.8M | — | ||
| Q3 24 | $513.8M | $-95.0M | ||
| Q2 24 | $-437.3M | $-81.6M |
自由现金流率HTHVNET
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | — | ||
| Q3 25 | 82.1% | -53.2% | ||
| Q2 25 | -77.4% | — | ||
| Q1 25 | 1.6% | -71.1% | ||
| Q4 24 | 88.6% | — | ||
| Q3 24 | 168.2% | -31.4% | ||
| Q2 24 | -147.2% | -29.8% |
资本支出强度HTHVNET
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 0.6% | 84.6% | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.3% | 79.8% | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 0.6% | 67.3% | ||
| Q2 24 | 0.7% | 50.1% |
现金转化率HTHVNET
| Q1 26 | — | — | ||
| Q4 25 | -0.93× | — | ||
| Q3 25 | 5.96× | — | ||
| Q2 25 | -6.50× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 7.71× | — | ||
| Q3 24 | 17.36× | — | ||
| Q2 24 | -21.41× | — |
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
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
VNET
暂无分部数据
