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Kinetik Holdings Inc.（KNTK）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
Kinetik Holdings Inc.的季度营收约是世纪互联的1.2倍（$430.4M vs $362.7M），Kinetik Holdings Inc.净利率更高（96.8% vs -10.7%，领先107.5%），Kinetik Holdings Inc.自由现金流更多（$-24.0M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 12.3%）
Kinetik Holdings Inc.是一家聚焦二叠纪盆地的中游能源基础设施供应商，为美国南部核心油气产区的上游作业方提供天然气收集、处理、运输、存储，以及原油、采出水处置等一体化服务。
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。
KNTK vs VNET — 直观对比
营收规模更大
KNTK
是对方的1.2倍
$362.7M
净利率更高
KNTK
高出107.5%
-10.7%
自由现金流更多
KNTK
多$169.1M
$-193.1M
两年增速更快
VNET
近两年复合增速
12.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $430.4M | $362.7M |
| 净利润 | $416.7M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 11.2% | 0.5% |
| 净利率 | 96.8% | -10.7% |
| 营收同比 | 11.6% | — |
| 净利润同比 | 2468.4% | — |
| 每股收益（稀释后） | $2.22 | — |
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KNTKVNET
| Q4 25 | $430.4M | — | ||
| Q3 25 | $464.0M | $362.7M | ||
| Q2 25 | $426.7M | — | ||
| Q1 25 | $443.3M | $309.5M | ||
| Q4 24 | $385.7M | — | ||
| Q3 24 | $396.4M | $302.2M | ||
| Q2 24 | $359.5M | $274.4M | ||
| Q1 24 | $341.4M | $262.9M |
净利润KNTKVNET
| Q4 25 | $416.7M | — | ||
| Q3 25 | $5.3M | $-38.7M | ||
| Q2 25 | $23.6M | — | ||
| Q1 25 | $19.3M | $-2.4M | ||
| Q4 24 | $16.2M | — | ||
| Q3 24 | $25.8M | $-2.1M | ||
| Q2 24 | $37.2M | $-1.1M | ||
| Q1 24 | $233.6M | $-22.0M |
毛利率KNTKVNET
| 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KNTKVNET
| Q4 25 | 11.2% | — | ||
| Q3 25 | 4.3% | 0.5% | ||
| Q2 25 | 18.2% | — | ||
| Q1 25 | 4.3% | 0.1% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 18.4% | 24.5% | ||
| Q2 24 | 15.7% | 0.2% | ||
| Q1 24 | 7.6% | 0.2% |
净利率KNTKVNET
| Q4 25 | 96.8% | — | ||
| Q3 25 | 1.1% | -10.7% | ||
| Q2 25 | 5.5% | — | ||
| Q1 25 | 4.3% | -0.8% | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | 6.5% | -0.7% | ||
| Q2 24 | 10.3% | -0.4% | ||
| Q1 24 | 68.4% | -8.4% |
每股收益（稀释后）KNTKVNET
| Q4 25 | $2.22 | — | ||
| Q3 25 | $0.03 | — | ||
| Q2 25 | $0.33 | — | ||
| Q1 25 | $0.05 | — | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $0.35 | — | ||
| Q2 24 | $0.54 | — | ||
| Q1 24 | $0.12 | — |
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 | $4.0M | $492.1M |
| 总债务越低越好 | $3.6B | — |
| 股东权益账面价值 | $-565.4M | $890.8M |
| 总资产 | $7.1B | $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KNTKVNET
| Q4 25 | $4.0M | — | ||
| Q3 25 | $7.7M | $492.1M | ||
| Q2 25 | $10.7M | — | ||
| Q1 25 | $8.8M | $544.3M | ||
| Q4 24 | $3.6M | — | ||
| Q3 24 | $20.4M | $219.5M | ||
| Q2 24 | $12.5M | $247.2M | ||
| Q1 24 | $9.8M | $246.9M |
总债务KNTKVNET
| Q4 25 | $3.6B | — | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.6B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.3B | $1.2B | ||
| Q2 24 | $3.3B | — | ||
| Q1 24 | $3.5B | — |
股东权益KNTKVNET
| Q4 25 | $-565.4M | — | ||
| Q3 25 | $-1.8B | $890.8M | ||
| Q2 25 | $-1.6B | — | ||
| Q1 25 | $-2.5B | $927.8M | ||
| Q4 24 | $-3.0B | — | ||
| Q3 24 | $-1.7B | $902.9M | ||
| Q2 24 | $-1.2B | $900.6M | ||
| Q1 24 | $-973.4M | $895.1M |
总资产KNTKVNET
| Q4 25 | $7.1B | — | ||
| Q3 25 | $7.2B | $6.1B | ||
| Q2 25 | $7.2B | — | ||
| Q1 25 | $7.0B | $5.4B | ||
| Q4 24 | $6.8B | — | ||
| Q3 24 | $6.9B | $4.3B | ||
| Q2 24 | $6.9B | $4.0B | ||
| Q1 24 | $6.4B | $3.9B |
负债/权益比KNTKVNET
| 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 | $110.1M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-24.0M | $-193.1M |
| 自由现金流率自由现金流/营收 | -5.6% | -53.2% |
| 资本支出强度资本支出/营收 | 31.2% | 84.6% |
| 现金转化率经营现金流/净利润 | 0.26× | — |
| 过去12个月自由现金流最近4个季度 | $111.6M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流KNTKVNET
| Q4 25 | $110.1M | — | ||
| Q3 25 | $188.1M | $113.8M | ||
| Q2 25 | $129.1M | — | ||
| Q1 25 | $176.8M | $27.0M | ||
| Q4 24 | $144.0M | — | ||
| Q3 24 | $214.1M | $108.3M | ||
| Q2 24 | $125.5M | $55.8M | ||
| Q1 24 | $153.7M | $37.1M |
自由现金流KNTKVNET
| Q4 25 | $-24.0M | — | ||
| Q3 25 | $31.6M | $-193.1M | ||
| Q2 25 | $1.8M | — | ||
| Q1 25 | $102.3M | $-220.0M | ||
| Q4 24 | $36.3M | — | ||
| Q3 24 | $155.7M | $-95.0M | ||
| Q2 24 | $86.1M | $-81.6M | ||
| Q1 24 | $95.7M | $-102.2M |
自由现金流率KNTKVNET
| Q4 25 | -5.6% | — | ||
| Q3 25 | 6.8% | -53.2% | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 23.1% | -71.1% | ||
| Q4 24 | 9.4% | — | ||
| Q3 24 | 39.3% | -31.4% | ||
| Q2 24 | 24.0% | -29.8% | ||
| Q1 24 | 28.0% | -38.9% |
资本支出强度KNTKVNET
| Q4 25 | 31.2% | — | ||
| Q3 25 | 33.7% | 84.6% | ||
| Q2 25 | 29.8% | — | ||
| Q1 25 | 16.8% | 79.8% | ||
| Q4 24 | 27.9% | — | ||
| Q3 24 | 14.7% | 67.3% | ||
| Q2 24 | 11.0% | 50.1% | ||
| Q1 24 | 17.0% | 53.0% |
现金转化率KNTKVNET
| Q4 25 | 0.26× | — | ||
| Q3 25 | 35.73× | — | ||
| Q2 25 | 5.46× | — | ||
| Q1 25 | 9.18× | — | ||
| Q4 24 | 8.88× | — | ||
| Q3 24 | 8.31× | — | ||
| Q2 24 | 3.37× | — | ||
| Q1 24 | 0.66× | — |
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
KNTK
| Natural Gas NG Ls And Condensate Sales | $325.5M | 76% |
| Gathering And Processing Services | $101.6M | 24% |
| Other | $3.3M | 1% |
| Barilla Draw | $2.3M | 1% |
VNET
暂无分部数据
