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INTERNATIONAL BANCSHARES CORP（IBOC）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INTERNATIONAL BANCSHARES CORP的1.7倍（$362.7M vs $217.7M），INTERNATIONAL BANCSHARES CORP净利率更高（62.3% vs -10.7%，领先73.0%），INTERNATIONAL BANCSHARES CORP自由现金流更多（$472.9M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 2.8%）
国际银行股份公司（International Bancshares Corporation）是总部位于美国得克萨斯州拉雷多的银行控股公司，核心子公司为国际商业银行。目前集团通过旗下银行子公司运营217个营业网点、315台自动柜员机，服务覆盖得克萨斯州、俄克拉荷马州的88个城镇社区。
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。
IBOC vs VNET — 直观对比
营收规模更大
VNET
是对方的1.7倍
$217.7M
净利率更高
IBOC
高出73.0%
-10.7%
自由现金流更多
IBOC
多$666.0M
$-193.1M
两年增速更快
VNET
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $217.7M | $362.7M |
| 净利润 | $106.9M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 62.8% | 0.5% |
| 净利率 | 62.3% | -10.7% |
| 营收同比 | 4.5% | — |
| 净利润同比 | -7.1% | — |
| 每股收益（稀释后） | $1.71 | — |
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IBOCVNET
| Q4 25 | $217.7M | — | ||
| Q3 25 | $218.1M | $362.7M | ||
| Q2 25 | $208.2M | — | ||
| Q1 25 | $198.2M | $309.5M | ||
| Q4 24 | $208.3M | — | ||
| Q3 24 | $211.8M | $302.2M | ||
| Q2 24 | $207.8M | $274.4M | ||
| Q1 24 | $205.8M | $262.9M |
净利润IBOCVNET
| Q4 25 | $106.9M | — | ||
| Q3 25 | $108.4M | $-38.7M | ||
| Q2 25 | $100.1M | — | ||
| Q1 25 | $96.9M | $-2.4M | ||
| Q4 24 | $115.1M | — | ||
| Q3 24 | $99.8M | $-2.1M | ||
| Q2 24 | $97.0M | $-1.1M | ||
| Q1 24 | $97.3M | $-22.0M |
毛利率IBOCVNET
| 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IBOCVNET
| Q4 25 | 62.8% | — | ||
| Q3 25 | 62.6% | 0.5% | ||
| Q2 25 | 60.5% | — | ||
| Q1 25 | 61.1% | 0.1% | ||
| Q4 24 | 64.2% | — | ||
| Q3 24 | 60.0% | 24.5% | ||
| Q2 24 | 60.1% | 0.2% | ||
| Q1 24 | 59.9% | 0.2% |
净利率IBOCVNET
| Q4 25 | 62.3% | — | ||
| Q3 25 | 49.7% | -10.7% | ||
| Q2 25 | 48.1% | — | ||
| Q1 25 | 48.9% | -0.8% | ||
| Q4 24 | 71.5% | — | ||
| Q3 24 | 47.1% | -0.7% | ||
| Q2 24 | 46.7% | -0.4% | ||
| Q1 24 | 47.3% | -8.4% |
每股收益（稀释后）IBOCVNET
| Q4 25 | $1.71 | — | ||
| Q3 25 | $1.74 | — | ||
| Q2 25 | $1.61 | — | ||
| Q1 25 | $1.56 | — | ||
| Q4 24 | $1.85 | — | ||
| Q3 24 | $1.60 | — | ||
| Q2 24 | $1.56 | — | ||
| Q1 24 | $1.56 | — |
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 | $5.5B | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3B | $890.8M |
| 总资产 | $16.6B | $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IBOCVNET
| Q4 25 | $5.5B | — | ||
| Q3 25 | $5.6B | $492.1M | ||
| Q2 25 | $5.8B | — | ||
| Q1 25 | $5.6B | $544.3M | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.8B | $219.5M | ||
| Q2 24 | $5.7B | $247.2M | ||
| Q1 24 | $5.7B | $246.9M |
总债务IBOCVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IBOCVNET
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.1B | $890.8M | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $2.9B | $927.8M | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.7B | $902.9M | ||
| Q2 24 | $2.6B | $900.6M | ||
| Q1 24 | $2.5B | $895.1M |
总资产IBOCVNET
| Q4 25 | $16.6B | — | ||
| Q3 25 | $16.6B | $6.1B | ||
| Q2 25 | $16.5B | — | ||
| Q1 25 | $16.3B | $5.4B | ||
| Q4 24 | $15.7B | — | ||
| Q3 24 | $15.9B | $4.3B | ||
| Q2 24 | $15.5B | $4.0B | ||
| Q1 24 | $15.4B | $3.9B |
负债/权益比IBOCVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 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 | $491.1M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $472.9M | $-193.1M |
| 自由现金流率自由现金流/营收 | 217.2% | -53.2% |
| 资本支出强度资本支出/营收 | 8.3% | 84.6% |
| 现金转化率经营现金流/净利润 | 4.59× | — |
| 过去12个月自由现金流最近4个季度 | $809.9M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流IBOCVNET
| Q4 25 | $491.1M | — | ||
| Q3 25 | $115.2M | $113.8M | ||
| Q2 25 | $95.5M | — | ||
| Q1 25 | $140.5M | $27.0M | ||
| Q4 24 | $473.9M | — | ||
| Q3 24 | $116.5M | $108.3M | ||
| Q2 24 | $107.2M | $55.8M | ||
| Q1 24 | $135.4M | $37.1M |
自由现金流IBOCVNET
| Q4 25 | $472.9M | — | ||
| Q3 25 | $112.2M | $-193.1M | ||
| Q2 25 | $91.6M | — | ||
| Q1 25 | $133.1M | $-220.0M | ||
| Q4 24 | $459.8M | — | ||
| Q3 24 | $109.6M | $-95.0M | ||
| Q2 24 | $104.9M | $-81.6M | ||
| Q1 24 | $128.9M | $-102.2M |
自由现金流率IBOCVNET
| Q4 25 | 217.2% | — | ||
| Q3 25 | 51.5% | -53.2% | ||
| Q2 25 | 44.0% | — | ||
| Q1 25 | 67.1% | -71.1% | ||
| Q4 24 | 220.8% | — | ||
| Q3 24 | 51.7% | -31.4% | ||
| Q2 24 | 50.5% | -29.8% | ||
| Q1 24 | 62.6% | -38.9% |
资本支出强度IBOCVNET
| Q4 25 | 8.3% | — | ||
| Q3 25 | 1.3% | 84.6% | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 3.7% | 79.8% | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 3.3% | 67.3% | ||
| Q2 24 | 1.1% | 50.1% | ||
| Q1 24 | 3.2% | 53.0% |
现金转化率IBOCVNET
| Q4 25 | 4.59× | — | ||
| Q3 25 | 1.06× | — | ||
| Q2 25 | 0.95× | — | ||
| Q1 25 | 1.45× | — | ||
| Q4 24 | 4.12× | — | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | 1.11× | — | ||
| Q1 24 | 1.39× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
