vs
null（JACK）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null的1.0倍（$362.7M vs $349.5M），null净利率更高（-0.7% vs -10.7%，领先10.0%），null自由现金流更多（$7.3M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -18.6%）
杰克盒子是源自美国的连锁快餐品牌，1951年由罗伯特·O·彼得森在加利福尼亚州圣迭戈创立，总部也设于此。品牌目前拥有超过2200家门店，业务主要覆盖美国西海岸，在西海岸以外的多个大都市区域以及关岛也设有门店。2017年12月前该公司曾运营Qdoba墨西哥烧烤连锁品牌，后该品牌被阿波罗全球管理收购。
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。
JACK vs VNET — 直观对比
营收规模更大
VNET
是对方的1.0倍
$349.5M
净利率更高
JACK
高出10.0%
-10.7%
自由现金流更多
JACK
多$200.4M
$-193.1M
两年增速更快
VNET
近两年复合增速
-18.6%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $349.5M | $362.7M |
| 净利润 | $-2.5M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 13.3% | 0.5% |
| 净利率 | -0.7% | -10.7% |
| 营收同比 | -25.5% | — |
| 净利润同比 | -107.3% | — |
| 每股收益（稀释后） | $-0.13 | — |
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JACKVNET
| Q1 26 | $349.5M | — | ||
| Q3 25 | — | $362.7M | ||
| Q2 25 | $336.7M | — | ||
| Q1 25 | $371.1M | $309.5M | ||
| Q3 24 | — | $302.2M | ||
| Q2 24 | $365.3M | $274.4M | ||
| Q1 24 | $487.5M | $262.9M | ||
| Q4 23 | $372.5M | — |
净利润JACKVNET
| Q1 26 | $-2.5M | — | ||
| Q3 25 | — | $-38.7M | ||
| Q2 25 | $-142.2M | — | ||
| Q1 25 | $33.7M | $-2.4M | ||
| Q3 24 | — | $-2.1M | ||
| Q2 24 | $25.0M | $-1.1M | ||
| Q1 24 | $38.7M | $-22.0M | ||
| Q4 23 | $21.9M | — |
毛利率JACKVNET
| Q1 26 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% | ||
| Q4 23 | — | — |
营业利润率JACKVNET
| Q1 26 | 13.3% | — | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | -46.7% | — | ||
| Q1 25 | 19.0% | 0.1% | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | 14.8% | 0.2% | ||
| Q1 24 | 16.3% | 0.2% | ||
| Q4 23 | 14.1% | — |
净利率JACKVNET
| Q1 26 | -0.7% | — | ||
| Q3 25 | — | -10.7% | ||
| Q2 25 | -42.2% | — | ||
| Q1 25 | 9.1% | -0.8% | ||
| Q3 24 | — | -0.7% | ||
| Q2 24 | 6.8% | -0.4% | ||
| Q1 24 | 7.9% | -8.4% | ||
| Q4 23 | 5.9% | — |
每股收益（稀释后）JACKVNET
| Q1 26 | $-0.13 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-7.47 | — | ||
| Q1 25 | $1.75 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.26 | — | ||
| Q1 24 | $1.93 | — | ||
| Q4 23 | $1.08 | — |
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 | $1.6B | — |
| 股东权益账面价值 | $-936.0M | $890.8M |
| 总资产 | $2.0B | $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JACKVNET
| Q1 26 | — | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q3 24 | — | $219.5M | ||
| Q2 24 | — | $247.2M | ||
| Q1 24 | — | $246.9M | ||
| Q4 23 | — | — |
总债务JACKVNET
| Q1 26 | $1.6B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | — | ||
| Q4 23 | $1.7B | — |
股东权益JACKVNET
| Q1 26 | $-936.0M | — | ||
| Q3 25 | — | $890.8M | ||
| Q2 25 | $-976.2M | — | ||
| Q1 25 | $-827.1M | $927.8M | ||
| Q3 24 | — | $902.9M | ||
| Q2 24 | $-702.6M | $900.6M | ||
| Q1 24 | $-708.2M | $895.1M | ||
| Q4 23 | $-718.3M | — |
总资产JACKVNET
| Q1 26 | $2.0B | — | ||
| Q3 25 | — | $6.1B | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.8B | $5.4B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | $2.9B | $4.0B | ||
| Q1 24 | $2.9B | $3.9B | ||
| Q4 23 | $3.0B | — |
负债/权益比JACKVNET
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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 | $30.5M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $7.3M | $-193.1M |
| 自由现金流率自由现金流/营收 | 2.1% | -53.2% |
| 资本支出强度资本支出/营收 | 6.6% | 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 | $34.8M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流JACKVNET
| Q1 26 | $30.5M | — | ||
| Q3 25 | — | $113.8M | ||
| Q2 25 | $-36.8M | — | ||
| Q1 25 | $105.7M | $27.0M | ||
| Q3 24 | — | $108.3M | ||
| Q2 24 | $16.7M | $55.8M | ||
| Q1 24 | $-22.7M | $37.1M | ||
| Q4 23 | $32.9M | — |
自由现金流JACKVNET
| Q1 26 | $7.3M | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | $-63.2M | — | ||
| Q1 25 | $84.4M | $-220.0M | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | $6.4M | $-81.6M | ||
| Q1 24 | $-61.5M | $-102.2M | ||
| Q4 23 | $29.6M | — |
自由现金流率JACKVNET
| Q1 26 | 2.1% | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | -18.8% | — | ||
| Q1 25 | 22.7% | -71.1% | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | 1.8% | -29.8% | ||
| Q1 24 | -12.6% | -38.9% | ||
| Q4 23 | 7.9% | — |
资本支出强度JACKVNET
| Q1 26 | 6.6% | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | 7.9% | — | ||
| Q1 25 | 5.7% | 79.8% | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | 2.8% | 50.1% | ||
| Q1 24 | 8.0% | 53.0% | ||
| Q4 23 | 0.9% | — |
现金转化率JACKVNET
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.14× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.67× | — | ||
| Q1 24 | -0.59× | — | ||
| Q4 23 | 1.50× | — |
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
JACK
| Restaurant Sales | $131.9M | 38% |
| Franchise | $97.4M | 28% |
| Royaltyand Other | $58.9M | 17% |
| Advertising | $56.6M | 16% |
| Technology Service | $4.7M | 1% |
| Franchise Fees | $1.7M | 0% |
VNET
暂无分部数据
