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Limbach Holdings, Inc.（LMB）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Limbach Holdings, Inc.的1.9倍（$362.7M vs $186.9M），Limbach Holdings, Inc.净利率更高（6.6% vs -10.7%，领先17.2%），Limbach Holdings, Inc.自由现金流更多（$27.9M vs $-193.1M），过去两年Limbach Holdings, Inc.的营收复合增速更高（25.3% vs 17.4%）
林巴赫航空发动机是一家由中资控股、总部位于德国的企业，主营航空发动机的研发与制造业务，在航空动力装备领域拥有成熟的生产技术与行业经验。
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。
LMB vs VNET — 直观对比
营收规模更大
VNET
是对方的1.9倍
$186.9M
净利率更高
LMB
高出17.2%
-10.7%
自由现金流更多
LMB
多$221.0M
$-193.1M
两年增速更快
LMB
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $186.9M | $362.7M |
| 净利润 | $12.3M | $-38.7M |
| 毛利率 | 25.7% | 20.9% |
| 营业利润率 | 9.4% | 0.5% |
| 净利率 | 6.6% | -10.7% |
| 营收同比 | 30.1% | — |
| 净利润同比 | 25.0% | — |
| 每股收益（稀释后） | $1.01 | — |
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LMBVNET
| Q4 25 | $186.9M | — | ||
| Q3 25 | $184.6M | $362.7M | ||
| Q2 25 | $142.2M | — | ||
| Q1 25 | $133.1M | $309.5M | ||
| Q4 24 | $143.7M | — | ||
| Q3 24 | $133.9M | $302.2M | ||
| Q2 24 | $122.2M | $274.4M | ||
| Q1 24 | $119.0M | $262.9M |
净利润LMBVNET
| Q4 25 | $12.3M | — | ||
| Q3 25 | $8.8M | $-38.7M | ||
| Q2 25 | $7.8M | — | ||
| Q1 25 | $10.2M | $-2.4M | ||
| Q4 24 | $9.8M | — | ||
| Q3 24 | $7.5M | $-2.1M | ||
| Q2 24 | $6.0M | $-1.1M | ||
| Q1 24 | $7.6M | $-22.0M |
毛利率LMBVNET
| Q4 25 | 25.7% | — | ||
| Q3 25 | 24.2% | 20.9% | ||
| Q2 25 | 28.0% | — | ||
| Q1 25 | 27.6% | 25.2% | ||
| Q4 24 | 30.3% | — | ||
| Q3 24 | 27.0% | 23.2% | ||
| Q2 24 | 27.4% | 21.3% | ||
| Q1 24 | 26.1% | 21.6% |
营业利润率LMBVNET
| Q4 25 | 9.4% | — | ||
| Q3 25 | 7.2% | 0.5% | ||
| Q2 25 | 7.5% | — | ||
| Q1 25 | 5.9% | 0.1% | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 8.1% | 24.5% | ||
| Q2 24 | 6.7% | 0.2% | ||
| Q1 24 | 5.5% | 0.2% |
净利率LMBVNET
| Q4 25 | 6.6% | — | ||
| Q3 25 | 4.8% | -10.7% | ||
| Q2 25 | 5.5% | — | ||
| Q1 25 | 7.7% | -0.8% | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 5.6% | -0.7% | ||
| Q2 24 | 4.9% | -0.4% | ||
| Q1 24 | 6.4% | -8.4% |
每股收益（稀释后）LMBVNET
| Q4 25 | $1.01 | — | ||
| Q3 25 | $0.73 | — | ||
| Q2 25 | $0.64 | — | ||
| Q1 25 | $0.85 | — | ||
| Q4 24 | $0.81 | — | ||
| Q3 24 | $0.62 | — | ||
| Q2 24 | $0.50 | — | ||
| Q1 24 | $0.64 | — |
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 | $11.3M | $492.1M |
| 总债务越低越好 | $30.5M | — |
| 股东权益账面价值 | $195.7M | $890.8M |
| 总资产 | $381.1M | $6.1B |
| 负债/权益比越低杠杆越低 | 0.16× | — |
8季度趋势，按日历期对齐
现金及短期投资LMBVNET
| Q4 25 | $11.3M | — | ||
| Q3 25 | $9.8M | $492.1M | ||
| Q2 25 | $38.9M | — | ||
| Q1 25 | $38.1M | $544.3M | ||
| Q4 24 | $44.9M | — | ||
| Q3 24 | $51.2M | $219.5M | ||
| Q2 24 | $59.5M | $247.2M | ||
| Q1 24 | $48.2M | $246.9M |
总债务LMBVNET
| Q4 25 | $30.5M | — | ||
| Q3 25 | $56.3M | — | ||
| Q2 25 | $28.4M | — | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $23.6M | — | ||
| Q3 24 | $20.5M | $1.2B | ||
| Q2 24 | $19.7M | — | ||
| Q1 24 | $19.4M | — |
股东权益LMBVNET
| Q4 25 | $195.7M | — | ||
| Q3 25 | $181.6M | $890.8M | ||
| Q2 25 | $170.5M | — | ||
| Q1 25 | $161.1M | $927.8M | ||
| Q4 24 | $153.5M | — | ||
| Q3 24 | $142.2M | $902.9M | ||
| Q2 24 | $133.0M | $900.6M | ||
| Q1 24 | $125.5M | $895.1M |
总资产LMBVNET
| Q4 25 | $381.1M | — | ||
| Q3 25 | $409.1M | $6.1B | ||
| Q2 25 | $343.0M | — | ||
| Q1 25 | $336.4M | $5.4B | ||
| Q4 24 | $352.1M | — | ||
| Q3 24 | $324.4M | $4.3B | ||
| Q2 24 | $303.9M | $4.0B | ||
| Q1 24 | $289.2M | $3.9B |
负债/权益比LMBVNET
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.15× | — | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | 0.14× | 1.28× | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.15× | — |
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 | $28.1M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $27.9M | $-193.1M |
| 自由现金流率自由现金流/营收 | 14.9% | -53.2% |
| 资本支出强度资本支出/营收 | 0.1% | 84.6% |
| 现金转化率经营现金流/净利润 | 2.29× | — |
| 过去12个月自由现金流最近4个季度 | $41.9M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流LMBVNET
| Q4 25 | $28.1M | — | ||
| Q3 25 | $13.3M | $113.8M | ||
| Q2 25 | $2.0M | — | ||
| Q1 25 | $2.2M | $27.0M | ||
| Q4 24 | $19.3M | — | ||
| Q3 24 | $4.9M | $108.3M | ||
| Q2 24 | $16.5M | $55.8M | ||
| Q1 24 | $-3.9M | $37.1M |
自由现金流LMBVNET
| Q4 25 | $27.9M | — | ||
| Q3 25 | $12.8M | $-193.1M | ||
| Q2 25 | $1.2M | — | ||
| Q1 25 | $11.0K | $-220.0M | ||
| Q4 24 | $18.0M | — | ||
| Q3 24 | $4.6M | $-95.0M | ||
| Q2 24 | $13.2M | $-81.6M | ||
| Q1 24 | $-6.5M | $-102.2M |
自由现金流率LMBVNET
| Q4 25 | 14.9% | — | ||
| Q3 25 | 7.0% | -53.2% | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.0% | -71.1% | ||
| Q4 24 | 12.5% | — | ||
| Q3 24 | 3.4% | -31.4% | ||
| Q2 24 | 10.8% | -29.8% | ||
| Q1 24 | -5.5% | -38.9% |
资本支出强度LMBVNET
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.3% | 84.6% | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 1.7% | 79.8% | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.3% | 67.3% | ||
| Q2 24 | 2.7% | 50.1% | ||
| Q1 24 | 2.1% | 53.0% |
现金转化率LMBVNET
| Q4 25 | 2.29× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 1.96× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 2.77× | — | ||
| Q1 24 | -0.52× | — |
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
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
VNET
暂无分部数据
