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Liberty Broadband Corp（LBRDA）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Liberty Broadband Corp的1.4倍（$362.7M vs $261.0M），Liberty Broadband Corp净利率更高（146.7% vs -10.7%，领先157.4%），Liberty Broadband Corp自由现金流更多（$37.0M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 4.3%）
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
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。
LBRDA vs VNET — 直观对比
营收规模更大
VNET
是对方的1.4倍
$261.0M
净利率更高
LBRDA
高出157.4%
-10.7%
自由现金流更多
LBRDA
多$230.1M
$-193.1M
两年增速更快
VNET
近两年复合增速
4.3%
损益表 — Q2 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $261.0M | $362.7M |
| 净利润 | $383.0M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 15.7% | 0.5% |
| 净利率 | 146.7% | -10.7% |
| 营收同比 | 6.1% | — |
| 净利润同比 | 96.4% | — |
| 每股收益（稀释后） | $2.68 | — |
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LBRDAVNET
| Q3 25 | — | $362.7M | ||
| Q2 25 | $261.0M | — | ||
| Q1 25 | $266.0M | $309.5M | ||
| Q4 24 | $263.0M | — | ||
| Q3 24 | $262.0M | $302.2M | ||
| Q2 24 | $246.0M | $274.4M | ||
| Q1 24 | $245.0M | $262.9M | ||
| Q4 23 | $250.0M | — |
净利润LBRDAVNET
| Q3 25 | — | $-38.7M | ||
| Q2 25 | $383.0M | — | ||
| Q1 25 | $268.0M | $-2.4M | ||
| Q4 24 | $291.0M | — | ||
| Q3 24 | $142.0M | $-2.1M | ||
| Q2 24 | $195.0M | $-1.1M | ||
| Q1 24 | $241.0M | $-22.0M | ||
| Q4 23 | $205.0M | — |
毛利率LBRDAVNET
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% | ||
| Q4 23 | — | — |
营业利润率LBRDAVNET
| Q3 25 | — | 0.5% | ||
| Q2 25 | 15.7% | — | ||
| Q1 25 | 16.2% | 0.1% | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 11.5% | 24.5% | ||
| Q2 24 | 8.5% | 0.2% | ||
| Q1 24 | 11.4% | 0.2% | ||
| Q4 23 | -39.6% | — |
净利率LBRDAVNET
| Q3 25 | — | -10.7% | ||
| Q2 25 | 146.7% | — | ||
| Q1 25 | 100.8% | -0.8% | ||
| Q4 24 | 110.6% | — | ||
| Q3 24 | 54.2% | -0.7% | ||
| Q2 24 | 79.3% | -0.4% | ||
| Q1 24 | 98.4% | -8.4% | ||
| Q4 23 | 82.0% | — |
每股收益（稀释后）LBRDAVNET
| Q3 25 | — | — | ||
| Q2 25 | $2.68 | — | ||
| Q1 25 | $1.87 | — | ||
| Q4 24 | $2.04 | — | ||
| Q3 24 | $0.99 | — | ||
| Q2 24 | $1.36 | — | ||
| Q1 24 | $1.69 | — | ||
| Q4 23 | $1.40 | — |
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 | $180.0M | $492.1M |
| 总债务越低越好 | $3.1B | — |
| 股东权益账面价值 | $10.4B | $890.8M |
| 总资产 | $16.6B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资LBRDAVNET
| Q3 25 | — | $492.1M | ||
| Q2 25 | $180.0M | — | ||
| Q1 25 | $226.0M | $544.3M | ||
| Q4 24 | $163.0M | — | ||
| Q3 24 | $168.0M | $219.5M | ||
| Q2 24 | $73.0M | $247.2M | ||
| Q1 24 | $108.0M | $246.9M | ||
| Q4 23 | $79.0M | — |
总债务LBRDAVNET
| Q3 25 | — | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.7B | $1.2B | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.6B | — | ||
| Q4 23 | $3.7B | — |
股东权益LBRDAVNET
| Q3 25 | — | $890.8M | ||
| Q2 25 | $10.4B | — | ||
| Q1 25 | $10.1B | $927.8M | ||
| Q4 24 | $9.8B | — | ||
| Q3 24 | $9.5B | $902.9M | ||
| Q2 24 | $9.3B | $900.6M | ||
| Q1 24 | $9.1B | $895.1M | ||
| Q4 23 | $9.0B | — |
总资产LBRDAVNET
| Q3 25 | — | $6.1B | ||
| Q2 25 | $16.6B | — | ||
| Q1 25 | $17.0B | $5.4B | ||
| Q4 24 | $16.7B | — | ||
| Q3 24 | $16.3B | $4.3B | ||
| Q2 24 | $16.0B | $4.0B | ||
| Q1 24 | $15.7B | $3.9B | ||
| Q4 23 | $15.6B | — |
负债/权益比LBRDAVNET
| Q3 25 | — | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 0.39× | 1.28× | ||
| Q2 24 | 0.39× | — | ||
| Q1 24 | 0.40× | — | ||
| Q4 23 | 0.41× | — |
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 | $91.0M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $37.0M | $-193.1M |
| 自由现金流率自由现金流/营收 | 14.2% | -53.2% |
| 资本支出强度资本支出/营收 | 20.7% | 84.6% |
| 现金转化率经营现金流/净利润 | 0.24× | — |
| 过去12个月自由现金流最近4个季度 | $-49.0M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流LBRDAVNET
| Q3 25 | — | $113.8M | ||
| Q2 25 | $91.0M | — | ||
| Q1 25 | $78.0M | $27.0M | ||
| Q4 24 | $1.0M | — | ||
| Q3 24 | $24.0M | $108.3M | ||
| Q2 24 | $27.0M | $55.8M | ||
| Q1 24 | $52.0M | $37.1M | ||
| Q4 23 | $62.0M | — |
自由现金流LBRDAVNET
| Q3 25 | — | $-193.1M | ||
| Q2 25 | $37.0M | — | ||
| Q1 25 | $13.0M | $-220.0M | ||
| Q4 24 | $-63.0M | — | ||
| Q3 24 | $-36.0M | $-95.0M | ||
| Q2 24 | $-35.0M | $-81.6M | ||
| Q1 24 | $-9.0M | $-102.2M | ||
| Q4 23 | $-11.0M | — |
自由现金流率LBRDAVNET
| Q3 25 | — | -53.2% | ||
| Q2 25 | 14.2% | — | ||
| Q1 25 | 4.9% | -71.1% | ||
| Q4 24 | -24.0% | — | ||
| Q3 24 | -13.7% | -31.4% | ||
| Q2 24 | -14.2% | -29.8% | ||
| Q1 24 | -3.7% | -38.9% | ||
| Q4 23 | -4.4% | — |
资本支出强度LBRDAVNET
| Q3 25 | — | 84.6% | ||
| Q2 25 | 20.7% | — | ||
| Q1 25 | 24.4% | 79.8% | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 22.9% | 67.3% | ||
| Q2 24 | 25.2% | 50.1% | ||
| Q1 24 | 24.9% | 53.0% | ||
| Q4 23 | 29.2% | — |
现金转化率LBRDAVNET
| Q3 25 | — | — | ||
| Q2 25 | 0.24× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.17× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.22× | — | ||
| Q4 23 | 0.30× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
