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INDEPENDENT BANK CORP（INDB）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INDEPENDENT BANK CORP的1.7倍（$362.7M vs $212.5M），INDEPENDENT BANK CORP净利率更高（35.5% vs -10.7%，领先46.1%），INDEPENDENT BANK CORP自由现金流更多（$75.5M vs $-193.1M），过去两年INDEPENDENT BANK CORP的营收复合增速更高（24.3% vs 17.4%）
Independent Bank Corp是一家总部位于美国密歇根州大急流城的商业银行，业务全部布局于密歇根州内，目前在全州范围内共设有62家实体营业网点，为当地个人及企业客户提供各类银行金融服务。
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。
INDB vs VNET — 直观对比
营收规模更大
VNET
是对方的1.7倍
$212.5M
净利率更高
INDB
高出46.1%
-10.7%
自由现金流更多
INDB
多$268.6M
$-193.1M
两年增速更快
INDB
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.5M | $362.7M |
| 净利润 | $75.3M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | — | 0.5% |
| 净利率 | 35.5% | -10.7% |
| 营收同比 | 46.9% | — |
| 净利润同比 | 50.6% | — |
| 每股收益（稀释后） | $1.51 | — |
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INDBVNET
| Q4 25 | $212.5M | — | ||
| Q3 25 | $203.3M | $362.7M | ||
| Q2 25 | $147.5M | — | ||
| Q1 25 | $145.5M | $309.5M | ||
| Q4 24 | $144.7M | — | ||
| Q3 24 | $141.7M | $302.2M | ||
| Q2 24 | $137.9M | $274.4M | ||
| Q1 24 | $137.4M | $262.9M |
净利润INDBVNET
| Q4 25 | $75.3M | — | ||
| Q3 25 | $34.3M | $-38.7M | ||
| Q2 25 | $51.1M | — | ||
| Q1 25 | $44.4M | $-2.4M | ||
| Q4 24 | $50.0M | — | ||
| Q3 24 | $42.9M | $-2.1M | ||
| Q2 24 | $51.3M | $-1.1M | ||
| Q1 24 | $47.8M | $-22.0M |
毛利率INDBVNET
| 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INDBVNET
| Q4 25 | — | — | ||
| Q3 25 | 21.8% | 0.5% | ||
| Q2 25 | 44.6% | — | ||
| Q1 25 | 39.3% | 0.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | 39.0% | 24.5% | ||
| Q2 24 | 48.1% | 0.2% | ||
| Q1 24 | 45.5% | 0.2% |
净利率INDBVNET
| Q4 25 | 35.5% | — | ||
| Q3 25 | 16.8% | -10.7% | ||
| Q2 25 | 34.6% | — | ||
| Q1 25 | 30.5% | -0.8% | ||
| Q4 24 | 34.6% | — | ||
| Q3 24 | 30.3% | -0.7% | ||
| Q2 24 | 37.2% | -0.4% | ||
| Q1 24 | 34.8% | -8.4% |
每股收益（稀释后）INDBVNET
| Q4 25 | $1.51 | — | ||
| Q3 25 | $0.69 | — | ||
| Q2 25 | $1.20 | — | ||
| Q1 25 | $1.04 | — | ||
| Q4 24 | $1.18 | — | ||
| Q3 24 | $1.01 | — | ||
| Q2 24 | $1.21 | — | ||
| Q1 24 | $1.12 | — |
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 | — | — |
| 股东权益账面价值 | $3.6B | $890.8M |
| 总资产 | $24.9B | $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INDBVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $219.5M | ||
| Q2 24 | — | $247.2M | ||
| Q1 24 | — | $246.9M |
总债务INDBVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益INDBVNET
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.5B | $890.8M | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.0B | $927.8M | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.0B | $902.9M | ||
| Q2 24 | $2.9B | $900.6M | ||
| Q1 24 | $2.9B | $895.1M |
总资产INDBVNET
| Q4 25 | $24.9B | — | ||
| Q3 25 | $25.0B | $6.1B | ||
| Q2 25 | $20.0B | — | ||
| Q1 25 | $19.9B | $5.4B | ||
| Q4 24 | $19.4B | — | ||
| Q3 24 | $19.4B | $4.3B | ||
| Q2 24 | $19.4B | $4.0B | ||
| Q1 24 | $19.3B | $3.9B |
负债/权益比INDBVNET
| 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 | $78.9M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $75.5M | $-193.1M |
| 自由现金流率自由现金流/营收 | 35.5% | -53.2% |
| 资本支出强度资本支出/营收 | 1.6% | 84.6% |
| 现金转化率经营现金流/净利润 | 1.05× | — |
| 过去12个月自由现金流最近4个季度 | $239.0M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流INDBVNET
| Q4 25 | $78.9M | — | ||
| Q3 25 | $52.2M | $113.8M | ||
| Q2 25 | $106.7M | — | ||
| Q1 25 | $13.3M | $27.0M | ||
| Q4 24 | $42.9M | — | ||
| Q3 24 | $70.2M | $108.3M | ||
| Q2 24 | $65.6M | $55.8M | ||
| Q1 24 | $51.1M | $37.1M |
自由现金流INDBVNET
| Q4 25 | $75.5M | — | ||
| Q3 25 | $49.7M | $-193.1M | ||
| Q2 25 | $102.5M | — | ||
| Q1 25 | $11.3M | $-220.0M | ||
| Q4 24 | $36.5M | — | ||
| Q3 24 | $64.4M | $-95.0M | ||
| Q2 24 | $61.9M | $-81.6M | ||
| Q1 24 | $46.7M | $-102.2M |
自由现金流率INDBVNET
| Q4 25 | 35.5% | — | ||
| Q3 25 | 24.4% | -53.2% | ||
| Q2 25 | 69.5% | — | ||
| Q1 25 | 7.8% | -71.1% | ||
| Q4 24 | 25.2% | — | ||
| Q3 24 | 45.4% | -31.4% | ||
| Q2 24 | 44.9% | -29.8% | ||
| Q1 24 | 34.0% | -38.9% |
资本支出强度INDBVNET
| Q4 25 | 1.6% | — | ||
| Q3 25 | 1.2% | 84.6% | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 1.4% | 79.8% | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 4.1% | 67.3% | ||
| Q2 24 | 2.7% | 50.1% | ||
| Q1 24 | 3.2% | 53.0% |
现金转化率INDBVNET
| Q4 25 | 1.05× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 2.09× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.86× | — | ||
| Q3 24 | 1.64× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 1.07× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
