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Lemonade, Inc.（LMND）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Lemonade, Inc.的1.6倍（$362.7M vs $228.1M），Lemonade, Inc.净利率更高（-9.5% vs -10.7%，领先1.1%），Lemonade, Inc.自由现金流更多（$-25.9M vs $-193.1M），过去两年Lemonade, Inc.的营收复合增速更高（38.4% vs 17.4%）
Lemonade, Inc.是一家总部位于美国纽约的保险公司，在美国市场提供租客险、房屋险、车险、宠物险及定期寿险，在德国、荷兰推出财产及责任保险，法国市场提供租客险，当前拥有约290万用户，采用人工智能及聊天机器人替代人工处理理赔申请。
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。
LMND vs VNET — 直观对比
营收规模更大
VNET
是对方的1.6倍
$228.1M
净利率更高
LMND
高出1.1%
-10.7%
自由现金流更多
LMND
多$167.2M
$-193.1M
两年增速更快
LMND
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $228.1M | $362.7M |
| 净利润 | $-21.7M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | -9.0% | 0.5% |
| 净利率 | -9.5% | -10.7% |
| 营收同比 | 53.3% | — |
| 净利润同比 | 27.7% | — |
| 每股收益（稀释后） | $-0.27 | — |
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LMNDVNET
| Q4 25 | $228.1M | — | ||
| Q3 25 | $194.5M | $362.7M | ||
| Q2 25 | $164.1M | — | ||
| Q1 25 | $151.2M | $309.5M | ||
| Q4 24 | $148.8M | — | ||
| Q3 24 | $136.6M | $302.2M | ||
| Q2 24 | $122.0M | $274.4M | ||
| Q1 24 | $119.1M | $262.9M |
净利润LMNDVNET
| Q4 25 | $-21.7M | — | ||
| Q3 25 | $-37.5M | $-38.7M | ||
| Q2 25 | $-43.9M | — | ||
| Q1 25 | $-62.4M | $-2.4M | ||
| Q4 24 | $-30.0M | — | ||
| Q3 24 | $-67.7M | $-2.1M | ||
| Q2 24 | $-57.2M | $-1.1M | ||
| Q1 24 | $-47.3M | $-22.0M |
毛利率LMNDVNET
| 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LMNDVNET
| Q4 25 | -9.0% | — | ||
| Q3 25 | -18.7% | 0.5% | ||
| Q2 25 | -26.0% | — | ||
| Q1 25 | -40.6% | 0.1% | ||
| Q4 24 | -25.4% | — | ||
| Q3 24 | -48.2% | 24.5% | ||
| Q2 24 | -45.2% | 0.2% | ||
| Q1 24 | -38.0% | 0.2% |
净利率LMNDVNET
| Q4 25 | -9.5% | — | ||
| Q3 25 | -19.3% | -10.7% | ||
| Q2 25 | -26.8% | — | ||
| Q1 25 | -41.3% | -0.8% | ||
| Q4 24 | -20.2% | — | ||
| Q3 24 | -49.6% | -0.7% | ||
| Q2 24 | -46.9% | -0.4% | ||
| Q1 24 | -39.7% | -8.4% |
每股收益（稀释后）LMNDVNET
| Q4 25 | $-0.27 | — | ||
| Q3 25 | $-0.51 | — | ||
| Q2 25 | $-0.60 | — | ||
| Q1 25 | $-0.86 | — | ||
| Q4 24 | $-0.42 | — | ||
| Q3 24 | $-0.95 | — | ||
| Q2 24 | $-0.81 | — | ||
| Q1 24 | $-0.67 | — |
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 | $399.1M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $533.6M | $890.8M |
| 总资产 | $1.9B | $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LMNDVNET
| Q4 25 | $399.1M | — | ||
| Q3 25 | $369.4M | $492.1M | ||
| Q2 25 | $398.8M | — | ||
| Q1 25 | $329.7M | $544.3M | ||
| Q4 24 | $403.5M | — | ||
| Q3 24 | $360.9M | $219.5M | ||
| Q2 24 | $387.2M | $247.2M | ||
| Q1 24 | $300.8M | $246.9M |
总债务LMNDVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LMNDVNET
| Q4 25 | $533.6M | — | ||
| Q3 25 | $516.2M | $890.8M | ||
| Q2 25 | $527.1M | — | ||
| Q1 25 | $545.5M | $927.8M | ||
| Q4 24 | $593.4M | — | ||
| Q3 24 | $593.0M | $902.9M | ||
| Q2 24 | $635.2M | $900.6M | ||
| Q1 24 | $676.4M | $895.1M |
总资产LMNDVNET
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $6.1B | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | $5.4B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | $4.3B | ||
| Q2 24 | $1.7B | $4.0B | ||
| Q1 24 | $1.6B | $3.9B |
负债/权益比LMNDVNET
| 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 | $-16.5M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-25.9M | $-193.1M |
| 自由现金流率自由现金流/营收 | -11.4% | -53.2% |
| 资本支出强度资本支出/营收 | 4.1% | 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 | $-69.4M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流LMNDVNET
| Q4 25 | $-16.5M | — | ||
| Q3 25 | $4.5M | $113.8M | ||
| Q2 25 | $5.5M | — | ||
| Q1 25 | $-47.2M | $27.0M | ||
| Q4 24 | $-11.4M | — | ||
| Q3 24 | $16.3M | $108.3M | ||
| Q2 24 | $-11.7M | $55.8M | ||
| Q1 24 | $-29.8M | $37.1M |
自由现金流LMNDVNET
| Q4 25 | $-25.9M | — | ||
| Q3 25 | $2.6M | $-193.1M | ||
| Q2 25 | $3.4M | — | ||
| Q1 25 | $-49.5M | $-220.0M | ||
| Q4 24 | $-20.8M | — | ||
| Q3 24 | $14.1M | $-95.0M | ||
| Q2 24 | $-13.2M | $-81.6M | ||
| Q1 24 | $-32.3M | $-102.2M |
自由现金流率LMNDVNET
| Q4 25 | -11.4% | — | ||
| Q3 25 | 1.3% | -53.2% | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | -32.7% | -71.1% | ||
| Q4 24 | -14.0% | — | ||
| Q3 24 | 10.3% | -31.4% | ||
| Q2 24 | -10.8% | -29.8% | ||
| Q1 24 | -27.1% | -38.9% |
资本支出强度LMNDVNET
| Q4 25 | 4.1% | — | ||
| Q3 25 | 1.0% | 84.6% | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 1.5% | 79.8% | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 1.6% | 67.3% | ||
| Q2 24 | 1.2% | 50.1% | ||
| Q1 24 | 2.1% | 53.0% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
