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Koppers Holdings Inc.（KOP）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
Koppers Holdings Inc.的季度营收约是世纪互联的1.2倍（$432.7M vs $362.7M），Koppers Holdings Inc.净利率更高（6.9% vs -10.7%，领先17.5%），Koppers Holdings Inc.自由现金流更多（$28.5M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -6.7%）
科佩斯控股是一家全球性化工与材料企业，总部位于美国宾夕法尼亚州匹兹堡，入驻建于1920年代的装饰艺术风格摩天大楼科佩斯大厦，在全球范围内开展相关业务经营。
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。
KOP vs VNET — 直观对比
营收规模更大
KOP
是对方的1.2倍
$362.7M
净利率更高
KOP
高出17.5%
-10.7%
自由现金流更多
KOP
多$221.6M
$-193.1M
两年增速更快
VNET
近两年复合增速
-6.7%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $432.7M | $362.7M |
| 净利润 | $29.7M | $-38.7M |
| 毛利率 | 25.6% | 20.9% |
| 营业利润率 | 11.5% | 0.5% |
| 净利率 | 6.9% | -10.7% |
| 营收同比 | -9.3% | — |
| 净利润同比 | 391.2% | — |
| 每股收益（稀释后） | $1.44 | — |
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KOPVNET
| Q4 25 | $432.7M | — | ||
| Q3 25 | $485.3M | $362.7M | ||
| Q2 25 | $504.8M | — | ||
| Q1 25 | $456.5M | $309.5M | ||
| Q4 24 | $477.0M | — | ||
| Q3 24 | $554.3M | $302.2M | ||
| Q2 24 | $563.2M | $274.4M | ||
| Q1 24 | $497.6M | $262.9M |
净利润KOPVNET
| Q4 25 | $29.7M | — | ||
| Q3 25 | $23.8M | $-38.7M | ||
| Q2 25 | $16.4M | — | ||
| Q1 25 | $-13.9M | $-2.4M | ||
| Q4 24 | $-10.2M | — | ||
| Q3 24 | $22.8M | $-2.1M | ||
| Q2 24 | $26.8M | $-1.1M | ||
| Q1 24 | $13.0M | $-22.0M |
毛利率KOPVNET
| Q4 25 | 25.6% | — | ||
| Q3 25 | 24.1% | 20.9% | ||
| Q2 25 | 22.6% | — | ||
| Q1 25 | 23.2% | 25.2% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 21.9% | 23.2% | ||
| Q2 24 | 21.6% | 21.3% | ||
| Q1 24 | 19.3% | 21.6% |
营业利润率KOPVNET
| Q4 25 | 11.5% | — | ||
| Q3 25 | 10.7% | 0.5% | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | 5.9% | 0.1% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 9.0% | 24.5% | ||
| Q2 24 | 10.2% | 0.2% | ||
| Q1 24 | 7.0% | 0.2% |
净利率KOPVNET
| Q4 25 | 6.9% | — | ||
| Q3 25 | 4.9% | -10.7% | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | -3.0% | -0.8% | ||
| Q4 24 | -2.1% | — | ||
| Q3 24 | 4.1% | -0.7% | ||
| Q2 24 | 4.8% | -0.4% | ||
| Q1 24 | 2.6% | -8.4% |
每股收益（稀释后）KOPVNET
| Q4 25 | $1.44 | — | ||
| Q3 25 | $1.17 | — | ||
| Q2 25 | $0.81 | — | ||
| Q1 25 | $-0.68 | — | ||
| Q4 24 | $-0.47 | — | ||
| Q3 24 | $1.09 | — | ||
| Q2 24 | $1.25 | — | ||
| Q1 24 | $0.59 | — |
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 | $928.3M | — |
| 股东权益账面价值 | $574.0M | $890.8M |
| 总资产 | $1.9B | $6.1B |
| 负债/权益比越低杠杆越低 | 1.62× | — |
8季度趋势，按日历期对齐
现金及短期投资KOPVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $219.5M | ||
| Q2 24 | — | $247.2M | ||
| Q1 24 | — | $246.9M |
总债务KOPVNET
| Q4 25 | $928.3M | — | ||
| Q3 25 | $932.9M | — | ||
| Q2 25 | $977.5M | — | ||
| Q1 25 | $989.0M | — | ||
| Q4 24 | $939.5M | — | ||
| Q3 24 | $989.4M | $1.2B | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $877.6M | — |
股东权益KOPVNET
| Q4 25 | $574.0M | — | ||
| Q3 25 | $545.6M | $890.8M | ||
| Q2 25 | $526.8M | — | ||
| Q1 25 | $498.0M | $927.8M | ||
| Q4 24 | $488.7M | — | ||
| Q3 24 | $532.3M | $902.9M | ||
| Q2 24 | $509.2M | $900.6M | ||
| Q1 24 | $505.8M | $895.1M |
总资产KOPVNET
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $6.1B | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | $5.4B | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $2.0B | $4.3B | ||
| Q2 24 | $1.9B | $4.0B | ||
| Q1 24 | $1.8B | $3.9B |
负债/权益比KOPVNET
| Q4 25 | 1.62× | — | ||
| Q3 25 | 1.71× | — | ||
| Q2 25 | 1.86× | — | ||
| Q1 25 | 1.99× | — | ||
| Q4 24 | 1.92× | — | ||
| Q3 24 | 1.86× | 1.28× | ||
| Q2 24 | 1.97× | — | ||
| Q1 24 | 1.74× | — |
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 | $45.1M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $28.5M | $-193.1M |
| 自由现金流率自由现金流/营收 | 6.6% | -53.2% |
| 资本支出强度资本支出/营收 | 3.8% | 84.6% |
| 现金转化率经营现金流/净利润 | 1.52× | — |
| 过去12个月自由现金流最近4个季度 | $67.5M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流KOPVNET
| Q4 25 | $45.1M | — | ||
| Q3 25 | $49.6M | $113.8M | ||
| Q2 25 | $50.5M | — | ||
| Q1 25 | $-22.7M | $27.0M | ||
| Q4 24 | $74.7M | — | ||
| Q3 24 | $29.8M | $108.3M | ||
| Q2 24 | $27.2M | $55.8M | ||
| Q1 24 | $-12.3M | $37.1M |
自由现金流KOPVNET
| Q4 25 | $28.5M | — | ||
| Q3 25 | $37.6M | $-193.1M | ||
| Q2 25 | $38.4M | — | ||
| Q1 25 | $-37.0M | $-220.0M | ||
| Q4 24 | $56.1M | — | ||
| Q3 24 | $14.4M | $-95.0M | ||
| Q2 24 | $10.1M | $-81.6M | ||
| Q1 24 | $-38.6M | $-102.2M |
自由现金流率KOPVNET
| Q4 25 | 6.6% | — | ||
| Q3 25 | 7.7% | -53.2% | ||
| Q2 25 | 7.6% | — | ||
| Q1 25 | -8.1% | -71.1% | ||
| Q4 24 | 11.8% | — | ||
| Q3 24 | 2.6% | -31.4% | ||
| Q2 24 | 1.8% | -29.8% | ||
| Q1 24 | -7.8% | -38.9% |
资本支出强度KOPVNET
| Q4 25 | 3.8% | — | ||
| Q3 25 | 2.5% | 84.6% | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 3.1% | 79.8% | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 2.8% | 67.3% | ||
| Q2 24 | 3.0% | 50.1% | ||
| Q1 24 | 5.3% | 53.0% |
现金转化率KOPVNET
| Q4 25 | 1.52× | — | ||
| Q3 25 | 2.08× | — | ||
| Q2 25 | 3.08× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.01× | — | ||
| Q1 24 | -0.95× | — |
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
KOP
| Other | $127.8M | 30% |
| Railroad Treated Products | $119.0M | 28% |
| Utility Poles | $79.8M | 18% |
| Pitch And Related Products | $74.1M | 17% |
| Carbon Black Feedstock And Distillates | $14.4M | 3% |
| Railroad Infrastructure Products And Services | $9.9M | 2% |
| Phthalic Anhydride Naphthalene And Other Chemicals | $7.7M | 2% |
VNET
暂无分部数据
