vs
loanDepot, Inc.（LDI）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loanDepot, Inc.的1.2倍（$362.7M vs $310.3M），loanDepot, Inc.净利率更高（-7.2% vs -10.7%，领先3.4%），世纪互联自由现金流更多（$-193.1M vs $-648.0M），过去两年loanDepot, Inc.的营收复合增速更高（18.0% vs 17.4%）
loanDepot, Inc.是一家总部位于美国加利福尼亚州欧文市的非银行控股公司，主营抵押贷款及其他非抵押类贷款产品的销售业务，是美国市场上颇具规模的消费信贷服务提供商。
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。
LDI vs VNET — 直观对比
营收规模更大
VNET
是对方的1.2倍
$310.3M
净利率更高
LDI
高出3.4%
-10.7%
自由现金流更多
VNET
多$454.9M
$-648.0M
两年增速更快
LDI
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $310.3M | $362.7M |
| 净利润 | $-22.5M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | -10.3% | 0.5% |
| 净利率 | -7.2% | -10.7% |
| 营收同比 | 20.5% | — |
| 净利润同比 | 32.4% | — |
| 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LDIVNET
| Q4 25 | $310.3M | — | ||
| Q3 25 | $323.3M | $362.7M | ||
| Q2 25 | $282.5M | — | ||
| Q1 25 | $273.6M | $309.5M | ||
| Q4 24 | $257.5M | — | ||
| Q3 24 | $314.6M | $302.2M | ||
| Q2 24 | $265.4M | $274.4M | ||
| Q1 24 | $222.8M | $262.9M |
净利润LDIVNET
| Q4 25 | $-22.5M | — | ||
| Q3 25 | $-4.9M | $-38.7M | ||
| Q2 25 | $-13.4M | — | ||
| Q1 25 | $-21.9M | $-2.4M | ||
| Q4 24 | $-33.2M | — | ||
| Q3 24 | $1.4M | $-2.1M | ||
| Q2 24 | $-32.2M | $-1.1M | ||
| Q1 24 | $-34.3M | $-22.0M |
毛利率LDIVNET
| 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LDIVNET
| Q4 25 | -10.3% | — | ||
| Q3 25 | -3.2% | 0.5% | ||
| Q2 25 | -11.4% | — | ||
| Q1 25 | -16.8% | 0.1% | ||
| Q4 24 | -32.7% | — | ||
| Q3 24 | 1.1% | 24.5% | ||
| Q2 24 | -29.1% | 0.2% | ||
| Q1 24 | -38.2% | 0.2% |
净利率LDIVNET
| Q4 25 | -7.2% | — | ||
| Q3 25 | -1.5% | -10.7% | ||
| Q2 25 | -4.7% | — | ||
| Q1 25 | -8.0% | -0.8% | ||
| Q4 24 | -12.9% | — | ||
| Q3 24 | 0.4% | -0.7% | ||
| Q2 24 | -12.1% | -0.4% | ||
| Q1 24 | -15.4% | -8.4% |
每股收益（稀释后）LDIVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.01 | — | ||
| Q2 24 | $-0.18 | — | ||
| Q1 24 | $-0.19 | — |
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 | $337.2M | $492.1M |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $386.0M | $890.8M |
| 总资产 | $6.9B | $6.1B |
| 负债/权益比越低杠杆越低 | 5.44× | — |
8季度趋势，按日历期对齐
现金及短期投资LDIVNET
| Q4 25 | $337.2M | — | ||
| Q3 25 | $459.2M | $492.1M | ||
| Q2 25 | $408.6M | — | ||
| Q1 25 | $371.5M | $544.3M | ||
| Q4 24 | $421.6M | — | ||
| Q3 24 | $483.0M | $219.5M | ||
| Q2 24 | $533.2M | $247.2M | ||
| Q1 24 | $603.7M | $246.9M |
总债务LDIVNET
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.3B | — |
股东权益LDIVNET
| Q4 25 | $386.0M | — | ||
| Q3 25 | $433.3M | $890.8M | ||
| Q2 25 | $439.1M | — | ||
| Q1 25 | $469.3M | $927.8M | ||
| Q4 24 | $506.6M | — | ||
| Q3 24 | $592.0M | $902.9M | ||
| Q2 24 | $578.9M | $900.6M | ||
| Q1 24 | $637.3M | $895.1M |
总资产LDIVNET
| Q4 25 | $6.9B | — | ||
| Q3 25 | $6.2B | $6.1B | ||
| Q2 25 | $6.2B | — | ||
| Q1 25 | $6.4B | $5.4B | ||
| Q4 24 | $6.3B | — | ||
| Q3 24 | $6.4B | $4.3B | ||
| Q2 24 | $5.9B | $4.0B | ||
| Q1 24 | $6.2B | $3.9B |
负债/权益比LDIVNET
| Q4 25 | 5.44× | — | ||
| Q3 25 | 4.83× | — | ||
| Q2 25 | 4.70× | — | ||
| Q1 25 | 4.30× | — | ||
| Q4 24 | 4.00× | — | ||
| Q3 24 | 3.31× | 1.28× | ||
| Q2 24 | 3.41× | — | ||
| Q1 24 | 3.63× | — |
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 | $-638.7M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-648.0M | $-193.1M |
| 自由现金流率自由现金流/营收 | -208.9% | -53.2% |
| 资本支出强度资本支出/营收 | 3.0% | 84.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-734.6M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流LDIVNET
| Q4 25 | $-638.7M | — | ||
| Q3 25 | $43.4M | $113.8M | ||
| Q2 25 | $67.6M | — | ||
| Q1 25 | $-179.9M | $27.0M | ||
| Q4 24 | $47.7M | — | ||
| Q3 24 | $-349.2M | $108.3M | ||
| Q2 24 | $-278.3M | $55.8M | ||
| Q1 24 | $-278.5M | $37.1M |
自由现金流LDIVNET
| Q4 25 | $-648.0M | — | ||
| Q3 25 | $38.7M | $-193.1M | ||
| Q2 25 | $61.4M | — | ||
| Q1 25 | $-186.7M | $-220.0M | ||
| Q4 24 | $40.8M | — | ||
| Q3 24 | $-356.4M | $-95.0M | ||
| Q2 24 | $-285.7M | $-81.6M | ||
| Q1 24 | $-283.3M | $-102.2M |
自由现金流率LDIVNET
| Q4 25 | -208.9% | — | ||
| Q3 25 | 12.0% | -53.2% | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | -68.2% | -71.1% | ||
| Q4 24 | 15.8% | — | ||
| Q3 24 | -113.3% | -31.4% | ||
| Q2 24 | -107.7% | -29.8% | ||
| Q1 24 | -127.2% | -38.9% |
资本支出强度LDIVNET
| Q4 25 | 3.0% | — | ||
| Q3 25 | 1.5% | 84.6% | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 2.5% | 79.8% | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 2.3% | 67.3% | ||
| Q2 24 | 2.8% | 50.1% | ||
| Q1 24 | 2.1% | 53.0% |
现金转化率LDIVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -255.05× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
