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艺达思集团（IEX）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
艺达思集团的季度营收约是世纪互联的1.1倍（$398.4M vs $362.7M），艺达思集团净利率更高（30.1% vs -10.7%，领先40.8%），艺达思集团自由现金流更多（$86.0M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -29.4%）
艺达思集团是一家公开上市的工业制造企业，专注于流体系统与特种工程产品的研发和生产，产品广泛应用于工业制造、生命科学、食品安全等多个领域，可为全球各行业客户提供高性能定制化解决方案。
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。
IEX vs VNET — 直观对比
营收规模更大
IEX
是对方的1.1倍
$362.7M
净利率更高
IEX
高出40.8%
-10.7%
自由现金流更多
IEX
多$279.1M
$-193.1M
两年增速更快
VNET
近两年复合增速
-29.4%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $398.4M | $362.7M |
| 净利润 | $120.0M | $-38.7M |
| 毛利率 | 99.9% | 20.9% |
| 营业利润率 | 43.3% | 0.5% |
| 净利率 | 30.1% | -10.7% |
| 营收同比 | 16.7% | — |
| 净利润同比 | 25.7% | — |
| 每股收益（稀释后） | $1.61 | — |
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IEXVNET
| Q2 26 | $398.4M | — | ||
| Q1 26 | $407.7M | — | ||
| Q4 25 | $899.1M | — | ||
| Q3 25 | $878.7M | $362.7M | ||
| Q2 25 | $865.4M | — | ||
| Q1 25 | $814.3M | $309.5M | ||
| Q4 24 | $862.9M | — | ||
| Q3 24 | $798.2M | $302.2M |
净利润IEXVNET
| Q2 26 | $120.0M | — | ||
| Q1 26 | $128.3M | — | ||
| Q4 25 | $128.3M | — | ||
| Q3 25 | $127.8M | $-38.7M | ||
| Q2 25 | $131.6M | — | ||
| Q1 25 | $95.5M | $-2.4M | ||
| Q4 24 | $123.2M | — | ||
| Q3 24 | $119.1M | $-2.1M |
毛利率IEXVNET
| Q2 26 | 99.9% | — | ||
| Q1 26 | 94.9% | — | ||
| Q4 25 | 43.1% | — | ||
| Q3 25 | 44.5% | 20.9% | ||
| Q2 25 | 45.3% | — | ||
| Q1 25 | 45.3% | 25.2% | ||
| Q4 24 | 42.5% | — | ||
| Q3 24 | 44.3% | 23.2% |
营业利润率IEXVNET
| Q2 26 | 43.3% | — | ||
| Q1 26 | 45.0% | — | ||
| Q4 25 | 20.4% | — | ||
| Q3 25 | 21.1% | 0.5% | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 17.4% | 0.1% | ||
| Q4 24 | 19.2% | — | ||
| Q3 24 | 21.0% | 24.5% |
净利率IEXVNET
| Q2 26 | 30.1% | — | ||
| Q1 26 | 31.5% | — | ||
| Q4 25 | 14.3% | — | ||
| Q3 25 | 14.5% | -10.7% | ||
| Q2 25 | 15.2% | — | ||
| Q1 25 | 11.7% | -0.8% | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | 14.9% | -0.7% |
每股收益（稀释后）IEXVNET
| Q2 26 | $1.61 | — | ||
| Q1 26 | $1.71 | — | ||
| Q4 25 | $1.71 | — | ||
| Q3 25 | $1.70 | — | ||
| Q2 25 | $1.74 | — | ||
| Q1 25 | $1.26 | — | ||
| Q4 24 | $1.61 | — | ||
| Q3 24 | $1.57 | — |
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 | $586.2M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.0B | $890.8M |
| 总资产 | $6.9B | $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IEXVNET
| Q2 26 | $586.2M | — | ||
| Q1 26 | $580.0M | — | ||
| Q4 25 | $580.0M | — | ||
| Q3 25 | $593.8M | $492.1M | ||
| Q2 25 | $568.2M | — | ||
| Q1 25 | $594.1M | $544.3M | ||
| Q4 24 | $620.8M | — | ||
| Q3 24 | $633.2M | $219.5M |
总债务IEXVNET
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.1B | $1.2B |
股东权益IEXVNET
| Q2 26 | $4.0B | — | ||
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | — | ||
| Q3 25 | $4.0B | $890.8M | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $3.9B | $927.8M | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.8B | $902.9M |
总资产IEXVNET
| Q2 26 | $6.9B | — | ||
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.9B | — | ||
| Q3 25 | $7.0B | $6.1B | ||
| Q2 25 | $6.9B | — | ||
| Q1 25 | $6.8B | $5.4B | ||
| Q4 24 | $6.7B | — | ||
| Q3 24 | $7.0B | $4.3B |
负债/权益比IEXVNET
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 0.55× | 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 | — | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $86.0M | $-193.1M |
| 自由现金流率自由现金流/营收 | 21.6% | -53.2% |
| 资本支出强度资本支出/营收 | 4.4% | 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 | $654.3M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流IEXVNET
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $209.5M | — | ||
| Q3 25 | $203.5M | $113.8M | ||
| Q2 25 | $161.7M | — | ||
| Q1 25 | $105.7M | $27.0M | ||
| Q4 24 | $172.6M | — | ||
| Q3 24 | $205.3M | $108.3M |
自由现金流IEXVNET
| Q2 26 | $86.0M | — | ||
| Q1 26 | $189.8M | — | ||
| Q4 25 | $189.8M | — | ||
| Q3 25 | $188.7M | $-193.1M | ||
| Q2 25 | $146.9M | — | ||
| Q1 25 | $91.4M | $-220.0M | ||
| Q4 24 | $157.1M | — | ||
| Q3 24 | $191.6M | $-95.0M |
自由现金流率IEXVNET
| Q2 26 | 21.6% | — | ||
| Q1 26 | 46.6% | — | ||
| Q4 25 | 21.1% | — | ||
| Q3 25 | 21.5% | -53.2% | ||
| Q2 25 | 17.0% | — | ||
| Q1 25 | 11.2% | -71.1% | ||
| Q4 24 | 18.2% | — | ||
| Q3 24 | 24.0% | -31.4% |
资本支出强度IEXVNET
| Q2 26 | 4.4% | — | ||
| Q1 26 | 15.6% | — | ||
| Q4 25 | 2.2% | — | ||
| Q3 25 | 1.7% | 84.6% | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 1.8% | 79.8% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.7% | 67.3% |
现金转化率IEXVNET
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.59× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 1.40× | — | ||
| Q3 24 | 1.72× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
