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Innovex International, Inc.（INVX）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Innovex International, Inc.的1.3倍（$362.7M vs $273.6M），Innovex International, Inc.净利率更高（5.1% vs -10.7%，领先15.8%），过去两年Innovex International, Inc.的营收复合增速更高（46.2% vs 17.4%）
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。
INVX vs VNET — 直观对比
营收规模更大
VNET
是对方的1.3倍
$273.6M
净利率更高
INVX
高出15.8%
-10.7%
两年增速更快
INVX
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.6M | $362.7M |
| 净利润 | $14.0M | $-38.7M |
| 毛利率 | 28.9% | 20.9% |
| 营业利润率 | 9.4% | 0.5% |
| 净利率 | 5.1% | -10.7% |
| 营收同比 | 9.1% | — |
| 净利润同比 | -56.1% | — |
| 每股收益（稀释后） | $0.20 | — |
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INVXVNET
| Q4 25 | $273.6M | — | ||
| Q3 25 | $240.0M | $362.7M | ||
| Q2 25 | $224.2M | — | ||
| Q1 25 | $240.4M | $309.5M | ||
| Q4 24 | $250.7M | — | ||
| Q3 24 | $151.8M | $302.2M | ||
| Q2 24 | $130.3M | $274.4M | ||
| Q1 24 | $128.0M | $262.9M |
净利润INVXVNET
| Q4 25 | $14.0M | — | ||
| Q3 25 | $39.2M | $-38.7M | ||
| Q2 25 | $15.3M | — | ||
| Q1 25 | $14.8M | $-2.4M | ||
| Q4 24 | $31.8M | — | ||
| Q3 24 | $82.6M | $-2.1M | ||
| Q2 24 | $9.5M | $-1.1M | ||
| Q1 24 | $16.4M | $-22.0M |
毛利率INVXVNET
| Q4 25 | 28.9% | — | ||
| Q3 25 | 31.6% | 20.9% | ||
| Q2 25 | 32.0% | — | ||
| Q1 25 | 31.8% | 25.2% | ||
| Q4 24 | 33.9% | — | ||
| Q3 24 | 34.7% | 23.2% | ||
| Q2 24 | 35.3% | 21.3% | ||
| Q1 24 | 38.4% | 21.6% |
营业利润率INVXVNET
| Q4 25 | 9.4% | — | ||
| Q3 25 | 26.0% | 0.5% | ||
| Q2 25 | 10.1% | — | ||
| Q1 25 | 9.1% | 0.1% | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | -8.7% | 24.5% | ||
| Q2 24 | 10.0% | 0.2% | ||
| Q1 24 | 17.4% | 0.2% |
净利率INVXVNET
| Q4 25 | 5.1% | — | ||
| Q3 25 | 16.3% | -10.7% | ||
| Q2 25 | 6.8% | — | ||
| Q1 25 | 6.1% | -0.8% | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 54.4% | -0.7% | ||
| Q2 24 | 7.3% | -0.4% | ||
| Q1 24 | 12.8% | -8.4% |
每股收益（稀释后）INVXVNET
| Q4 25 | $0.20 | — | ||
| Q3 25 | $0.57 | — | ||
| Q2 25 | $0.22 | — | ||
| Q1 25 | $0.21 | — | ||
| Q4 24 | $-0.03 | — | ||
| Q3 24 | $1.99 | — | ||
| Q2 24 | $0.30 | — | ||
| Q1 24 | $0.51 | — |
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 | $18.9M | — |
| 股东权益账面价值 | $1.1B | $890.8M |
| 总资产 | $1.3B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.02× | — |
8季度趋势，按日历期对齐
现金及短期投资INVXVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $219.5M | ||
| Q2 24 | $185.6M | $247.2M | ||
| Q1 24 | $202.2M | $246.9M |
总债务INVXVNET
| Q4 25 | $18.9M | — | ||
| Q3 25 | $20.1M | — | ||
| Q2 25 | $34.8M | — | ||
| Q1 25 | $19.7M | — | ||
| Q4 24 | $24.9M | — | ||
| Q3 24 | $12.4M | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益INVXVNET
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | $890.8M | ||
| Q2 25 | $995.6M | — | ||
| Q1 25 | $978.4M | $927.8M | ||
| Q4 24 | $958.2M | — | ||
| Q3 24 | $904.4M | $902.9M | ||
| Q2 24 | $352.5M | $900.6M | ||
| Q1 24 | $344.3M | $895.1M |
总资产INVXVNET
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $6.1B | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | $5.4B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | $4.3B | ||
| Q2 24 | $1.0B | $4.0B | ||
| Q1 24 | $1.0B | $3.9B |
负债/权益比INVXVNET
| Q4 25 | 0.02× | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 0.03× | — | ||
| Q3 24 | 0.01× | 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 | $52.2M | $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 | 3.74× | — |
| 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INVXVNET
| Q4 25 | $52.2M | — | ||
| Q3 25 | $48.4M | $113.8M | ||
| Q2 25 | $59.2M | — | ||
| Q1 25 | $31.1M | $27.0M | ||
| Q4 24 | $36.3M | — | ||
| Q3 24 | $21.7M | $108.3M | ||
| Q2 24 | $22.8M | $55.8M | ||
| Q1 24 | $12.6M | $37.1M |
自由现金流INVXVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | $16.6M | $-81.6M | ||
| Q1 24 | $7.8M | $-102.2M |
自由现金流率INVXVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | 12.7% | -29.8% | ||
| Q1 24 | 6.1% | -38.9% |
资本支出强度INVXVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | 4.7% | 50.1% | ||
| Q1 24 | 3.7% | 53.0% |
现金转化率INVXVNET
| Q4 25 | 3.74× | — | ||
| Q3 25 | 1.23× | — | ||
| Q2 25 | 3.86× | — | ||
| Q1 25 | 2.11× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 0.26× | — | ||
| Q2 24 | 2.39× | — | ||
| Q1 24 | 0.77× | — |
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
INVX
| Products | $202.7M | 74% |
| Leasing | $42.3M | 15% |
| Services | $28.6M | 10% |
VNET
暂无分部数据
