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Kimco Realty（KIM）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
Kimco Realty的季度营收约是世纪互联的1.5倍（$542.5M vs $362.7M），Kimco Realty净利率更高（27.9% vs -10.7%，领先38.5%），过去两年世纪互联的营收复合增速更高（17.4% vs 3.8%）
Kimco Realty是总部位于美国纽约州杰里科的房地产投资信托企业，核心投资领域为购物中心类商业地产，在商业不动产投资及运营领域积累了深厚的行业经验与资源优势。
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。
KIM vs VNET — 直观对比
营收规模更大
KIM
是对方的1.5倍
$362.7M
净利率更高
KIM
高出38.5%
-10.7%
两年增速更快
VNET
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $542.5M | $362.7M |
| 净利润 | $151.2M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 36.4% | 0.5% |
| 净利率 | 27.9% | -10.7% |
| 营收同比 | 3.2% | — |
| 净利润同比 | -9.0% | — |
| 每股收益（稀释后） | — | — |
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KIMVNET
| Q4 25 | $542.5M | — | ||
| Q3 25 | $535.9M | $362.7M | ||
| Q2 25 | $525.2M | — | ||
| Q1 25 | $536.6M | $309.5M | ||
| Q4 24 | $525.4M | — | ||
| Q3 24 | $507.6M | $302.2M | ||
| Q2 24 | $500.2M | $274.4M | ||
| Q1 24 | $503.8M | $262.9M |
净利润KIMVNET
| Q4 25 | $151.2M | — | ||
| Q3 25 | $137.8M | $-38.7M | ||
| Q2 25 | $163.0M | — | ||
| Q1 25 | $132.8M | $-2.4M | ||
| Q4 24 | $166.0M | — | ||
| Q3 24 | $136.0M | $-2.1M | ||
| Q2 24 | $119.7M | $-1.1M | ||
| Q1 24 | $-11.0M | $-22.0M |
毛利率KIMVNET
| 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KIMVNET
| Q4 25 | 36.4% | — | ||
| Q3 25 | 34.9% | 0.5% | ||
| Q2 25 | 39.2% | — | ||
| Q1 25 | 33.6% | 0.1% | ||
| Q4 24 | 31.7% | — | ||
| Q3 24 | 33.7% | 24.5% | ||
| Q2 24 | 32.1% | 0.2% | ||
| Q1 24 | 25.9% | 0.2% |
净利率KIMVNET
| Q4 25 | 27.9% | — | ||
| Q3 25 | 25.7% | -10.7% | ||
| Q2 25 | 31.0% | — | ||
| Q1 25 | 24.8% | -0.8% | ||
| Q4 24 | 31.6% | — | ||
| Q3 24 | 26.8% | -0.7% | ||
| Q2 24 | 23.9% | -0.4% | ||
| Q1 24 | -2.2% | -8.4% |
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 | $211.6M | $492.1M |
| 总债务越低越好 | $7.7B | — |
| 股东权益账面价值 | $10.4B | $890.8M |
| 总资产 | $19.7B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.74× | — |
8季度趋势，按日历期对齐
现金及短期投资KIMVNET
| Q4 25 | $211.6M | — | ||
| Q3 25 | $159.3M | $492.1M | ||
| Q2 25 | $226.6M | — | ||
| Q1 25 | $131.3M | $544.3M | ||
| Q4 24 | $688.6M | — | ||
| Q3 24 | $789.0M | $219.5M | ||
| Q2 24 | $126.4M | $247.2M | ||
| Q1 24 | $133.4M | $246.9M |
总债务KIMVNET
| Q4 25 | $7.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.0B | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益KIMVNET
| Q4 25 | $10.4B | — | ||
| Q3 25 | $10.5B | $890.8M | ||
| Q2 25 | $10.5B | — | ||
| Q1 25 | $10.6B | $927.8M | ||
| Q4 24 | $10.7B | — | ||
| Q3 24 | $10.5B | $902.9M | ||
| Q2 24 | $10.6B | $900.6M | ||
| Q1 24 | $10.6B | $895.1M |
总资产KIMVNET
| Q4 25 | $19.7B | — | ||
| Q3 25 | $19.9B | $6.1B | ||
| Q2 25 | $19.8B | — | ||
| Q1 25 | $19.7B | $5.4B | ||
| Q4 24 | $20.3B | — | ||
| Q3 24 | $20.1B | $4.3B | ||
| Q2 24 | $19.5B | $4.0B | ||
| Q1 24 | $19.5B | $3.9B |
负债/权益比KIMVNET
| Q4 25 | 0.74× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.75× | — | ||
| 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 | $258.4M | $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 | 0.0% | 84.6% |
| 现金转化率经营现金流/净利润 | 1.71× | — |
| 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KIMVNET
| Q4 25 | $258.4M | — | ||
| Q3 25 | $332.4M | $113.8M | ||
| Q2 25 | $305.4M | — | ||
| Q1 25 | $223.8M | $27.0M | ||
| Q4 24 | $239.5M | — | ||
| Q3 24 | $295.9M | $108.3M | ||
| Q2 24 | $294.1M | $55.8M | ||
| Q1 24 | $176.1M | $37.1M |
自由现金流KIMVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | $205.4M | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率KIMVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | 38.3% | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度KIMVNET
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | 84.6% | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 3.4% | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率KIMVNET
| Q4 25 | 1.71× | — | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | 1.69× | — | ||
| Q4 24 | 1.44× | — | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.46× | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
