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骏利亨德森（JBI）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骏利亨德森的1.7倍（$362.7M vs $219.3M），骏利亨德森净利率更高（6.9% vs -10.7%，领先17.6%），骏利亨德森自由现金流更多（$8.3M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -8.8%）
骏利亨德森是一家英美合资的全球资产管理集团，总部位于英国伦敦市。旗下以骏利亨德森投资者为品牌，面向全球个人投资者、中介顾问及机构投资者提供丰富多样的金融产品。
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。
JBI vs VNET — 直观对比
营收规模更大
VNET
是对方的1.7倍
$219.3M
净利率更高
JBI
高出17.6%
-10.7%
自由现金流更多
JBI
多$201.4M
$-193.1M
两年增速更快
VNET
近两年复合增速
-8.8%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $219.3M | $362.7M |
| 净利润 | $15.2M | $-38.7M |
| 毛利率 | 39.1% | 20.9% |
| 营业利润率 | 13.4% | 0.5% |
| 净利率 | 6.9% | -10.7% |
| 营收同比 | -4.7% | — |
| 净利润同比 | 28.8% | — |
| 每股收益（稀释后） | $0.11 | — |
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JBIVNET
| Q3 25 | $219.3M | $362.7M | ||
| Q2 25 | $228.1M | — | ||
| Q1 25 | $210.5M | $309.5M | ||
| Q4 24 | $230.8M | — | ||
| Q3 24 | $230.1M | $302.2M | ||
| Q2 24 | $248.4M | $274.4M | ||
| Q1 24 | $254.5M | $262.9M | ||
| Q4 23 | $263.8M | — |
净利润JBIVNET
| Q3 25 | $15.2M | $-38.7M | ||
| Q2 25 | $20.7M | — | ||
| Q1 25 | $10.8M | $-2.4M | ||
| Q4 24 | $300.0K | — | ||
| Q3 24 | $11.8M | $-2.1M | ||
| Q2 24 | $27.6M | $-1.1M | ||
| Q1 24 | $30.7M | $-22.0M | ||
| Q4 23 | $35.7M | — |
毛利率JBIVNET
| Q3 25 | 39.1% | 20.9% | ||
| Q2 25 | 40.9% | — | ||
| Q1 25 | 38.9% | 25.2% | ||
| Q4 24 | 37.8% | — | ||
| Q3 24 | 39.6% | 23.2% | ||
| Q2 24 | 43.9% | 21.3% | ||
| Q1 24 | 43.4% | 21.6% | ||
| Q4 23 | 43.4% | — |
营业利润率JBIVNET
| Q3 25 | 13.4% | 0.5% | ||
| Q2 25 | 15.8% | — | ||
| Q1 25 | 12.0% | 0.1% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 11.6% | 24.5% | ||
| Q2 24 | 20.8% | 0.2% | ||
| Q1 24 | 21.8% | 0.2% | ||
| Q4 23 | 24.2% | — |
净利率JBIVNET
| Q3 25 | 6.9% | -10.7% | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | 5.1% | -0.8% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 5.1% | -0.7% | ||
| Q2 24 | 11.1% | -0.4% | ||
| Q1 24 | 12.1% | -8.4% | ||
| Q4 23 | 13.5% | — |
每股收益（稀释后）JBIVNET
| Q3 25 | $0.11 | — | ||
| Q2 25 | $0.15 | — | ||
| Q1 25 | $0.08 | — | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $0.08 | — | ||
| Q2 24 | $0.19 | — | ||
| Q1 24 | $0.21 | — | ||
| Q4 23 | $0.24 | — |
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 | $560.8M | $890.8M |
| 总资产 | $1.3B | $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JBIVNET
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | $102.1M | $219.5M | ||
| Q2 24 | $110.1M | $247.2M | ||
| Q1 24 | — | $246.9M | ||
| Q4 23 | $171.7M | — |
总债务JBIVNET
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
股东权益JBIVNET
| Q3 25 | $560.8M | $890.8M | ||
| Q2 25 | $543.8M | — | ||
| Q1 25 | $526.8M | $927.8M | ||
| Q4 24 | $518.8M | — | ||
| Q3 24 | $526.6M | $902.9M | ||
| Q2 24 | $556.3M | $900.6M | ||
| Q1 24 | $535.4M | $895.1M | ||
| Q4 23 | $519.6M | — |
总资产JBIVNET
| Q3 25 | $1.3B | $6.1B | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | $5.4B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $4.3B | ||
| Q2 24 | $1.3B | $4.0B | ||
| Q1 24 | $1.4B | $3.9B | ||
| Q4 23 | $1.4B | — |
负债/权益比JBIVNET
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $15.0M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $8.3M | $-193.1M |
| 自由现金流率自由现金流/营收 | 3.8% | -53.2% |
| 资本支出强度资本支出/营收 | 3.1% | 84.6% |
| 现金转化率经营现金流/净利润 | 0.99× | — |
| 过去12个月自由现金流最近4个季度 | $140.1M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流JBIVNET
| Q3 25 | $15.0M | $113.8M | ||
| Q2 25 | $51.4M | — | ||
| Q1 25 | $48.3M | $27.0M | ||
| Q4 24 | $51.4M | — | ||
| Q3 24 | $43.0M | $108.3M | ||
| Q2 24 | $31.0M | $55.8M | ||
| Q1 24 | $28.6M | $37.1M | ||
| Q4 23 | $68.5M | — |
自由现金流JBIVNET
| Q3 25 | $8.3M | $-193.1M | ||
| Q2 25 | $44.6M | — | ||
| Q1 25 | $41.9M | $-220.0M | ||
| Q4 24 | $45.3M | — | ||
| Q3 24 | $39.3M | $-95.0M | ||
| Q2 24 | $25.3M | $-81.6M | ||
| Q1 24 | $24.0M | $-102.2M | ||
| Q4 23 | $63.0M | — |
自由现金流率JBIVNET
| Q3 25 | 3.8% | -53.2% | ||
| Q2 25 | 19.6% | — | ||
| Q1 25 | 19.9% | -71.1% | ||
| Q4 24 | 19.6% | — | ||
| Q3 24 | 17.1% | -31.4% | ||
| Q2 24 | 10.2% | -29.8% | ||
| Q1 24 | 9.4% | -38.9% | ||
| Q4 23 | 23.9% | — |
资本支出强度JBIVNET
| Q3 25 | 3.1% | 84.6% | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | 3.0% | 79.8% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 1.6% | 67.3% | ||
| Q2 24 | 2.3% | 50.1% | ||
| Q1 24 | 1.8% | 53.0% | ||
| Q4 23 | 2.1% | — |
现金转化率JBIVNET
| Q3 25 | 0.99× | — | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | 4.47× | — | ||
| Q4 24 | 171.33× | — | ||
| Q3 24 | 3.64× | — | ||
| Q2 24 | 1.12× | — | ||
| Q1 24 | 0.93× | — | ||
| Q4 23 | 1.92× | — |
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
JBI
| Self Storage New Construction | $72.3M | 33% |
| Commercial And Others | $65.5M | 30% |
| Self Storage R3 | $54.0M | 25% |
| Transferred At Point In Time | $15.5M | 7% |
| Transferred Over Time | $12.8M | 6% |
VNET
暂无分部数据
