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Montrose Environmental Group, Inc.（MEG）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Montrose Environmental Group, Inc.的1.9倍（$362.7M vs $193.3M），Montrose Environmental Group, Inc.净利率更高（-4.3% vs -10.7%，领先6.4%），Montrose Environmental Group, Inc.自由现金流更多（$46.5M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 11.5%）
蒙特罗斯环境集团是一家美国跨国企业，主营各类环境服务，业务覆盖环境行业全产业链，可为公共部门及私营领域客户提供一体化支持。公司总部位于阿肯色州小石城，在美国特拉华州完成注册。
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。
MEG vs VNET — 直观对比
营收规模更大
VNET
是对方的1.9倍
$193.3M
净利率更高
MEG
高出6.4%
-10.7%
自由现金流更多
MEG
多$239.6M
$-193.1M
两年增速更快
VNET
近两年复合增速
11.5%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $193.3M | $362.7M |
| 净利润 | $-8.2M | $-38.7M |
| 毛利率 | 38.6% | 20.9% |
| 营业利润率 | -1.3% | 0.5% |
| 净利率 | -4.3% | -10.7% |
| 营收同比 | 2.2% | — |
| 净利润同比 | 70.9% | — |
| 每股收益（稀释后） | $-0.13 | — |
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MEGVNET
| Q4 25 | $193.3M | — | ||
| Q3 25 | $224.9M | $362.7M | ||
| Q2 25 | $234.5M | — | ||
| Q1 25 | $177.8M | $309.5M | ||
| Q4 24 | $189.1M | — | ||
| Q3 24 | $178.7M | $302.2M | ||
| Q2 24 | $173.3M | $274.4M | ||
| Q1 24 | $155.3M | $262.9M |
净利润MEGVNET
| Q4 25 | $-8.2M | — | ||
| Q3 25 | $8.4M | $-38.7M | ||
| Q2 25 | $18.4M | — | ||
| Q1 25 | $-19.4M | $-2.4M | ||
| Q4 24 | $-28.2M | — | ||
| Q3 24 | $-10.6M | $-2.1M | ||
| Q2 24 | $-10.2M | $-1.1M | ||
| Q1 24 | $-13.4M | $-22.0M |
毛利率MEGVNET
| Q4 25 | 38.6% | — | ||
| Q3 25 | 39.4% | 20.9% | ||
| Q2 25 | 43.4% | — | ||
| Q1 25 | 39.0% | 25.2% | ||
| Q4 24 | 40.8% | — | ||
| Q3 24 | 40.9% | 23.2% | ||
| Q2 24 | 39.9% | 21.3% | ||
| Q1 24 | 37.8% | 21.6% |
营业利润率MEGVNET
| Q4 25 | -1.3% | — | ||
| Q3 25 | 4.4% | 0.5% | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | -5.9% | 0.1% | ||
| Q4 24 | -12.1% | — | ||
| Q3 24 | -0.6% | 24.5% | ||
| Q2 24 | -1.5% | 0.2% | ||
| Q1 24 | -6.5% | 0.2% |
净利率MEGVNET
| Q4 25 | -4.3% | — | ||
| Q3 25 | 3.7% | -10.7% | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | -10.9% | -0.8% | ||
| Q4 24 | -14.9% | — | ||
| Q3 24 | -5.9% | -0.7% | ||
| Q2 24 | -5.9% | -0.4% | ||
| Q1 24 | -8.6% | -8.4% |
每股收益（稀释后）MEGVNET
| Q4 25 | $-0.13 | — | ||
| Q3 25 | $0.21 | — | ||
| Q2 25 | $0.42 | — | ||
| Q1 25 | $-0.64 | — | ||
| Q4 24 | $-0.91 | — | ||
| Q3 24 | $-0.39 | — | ||
| Q2 24 | $-0.39 | — | ||
| Q1 24 | $-0.53 | — |
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 | $11.2M | $492.1M |
| 总债务越低越好 | $277.1M | — |
| 股东权益账面价值 | $451.2M | $890.8M |
| 总资产 | $981.3M | $6.1B |
| 负债/权益比越低杠杆越低 | 0.61× | — |
8季度趋势，按日历期对齐
现金及短期投资MEGVNET
| Q4 25 | $11.2M | — | ||
| Q3 25 | $6.7M | $492.1M | ||
| Q2 25 | $10.5M | — | ||
| Q1 25 | $30.3M | $544.3M | ||
| Q4 24 | $12.9M | — | ||
| Q3 24 | $13.0M | $219.5M | ||
| Q2 24 | $16.9M | $247.2M | ||
| Q1 24 | $9.5M | $246.9M |
总债务MEGVNET
| Q4 25 | $277.1M | — | ||
| Q3 25 | $302.4M | — | ||
| Q2 25 | $264.6M | — | ||
| Q1 25 | $235.6M | — | ||
| Q4 24 | $204.8M | — | ||
| Q3 24 | $233.0M | $1.2B | ||
| Q2 24 | $188.7M | — | ||
| Q1 24 | $280.9M | — |
股东权益MEGVNET
| Q4 25 | $451.2M | — | ||
| Q3 25 | $458.7M | $890.8M | ||
| Q2 25 | $470.3M | — | ||
| Q1 25 | $444.1M | $927.8M | ||
| Q4 24 | $446.3M | — | ||
| Q3 24 | $449.2M | $902.9M | ||
| Q2 24 | $448.8M | $900.6M | ||
| Q1 24 | $324.5M | $895.1M |
总资产MEGVNET
| Q4 25 | $981.3M | — | ||
| Q3 25 | $985.7M | $6.1B | ||
| Q2 25 | $998.1M | — | ||
| Q1 25 | $992.2M | $5.4B | ||
| Q4 24 | $990.4M | — | ||
| Q3 24 | $1.0B | $4.3B | ||
| Q2 24 | $943.9M | $4.0B | ||
| Q1 24 | $918.1M | $3.9B |
负债/权益比MEGVNET
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.56× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.46× | — | ||
| Q3 24 | 0.52× | 1.28× | ||
| Q2 24 | 0.42× | — | ||
| Q1 24 | 0.87× | — |
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 | $51.9M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $46.5M | $-193.1M |
| 自由现金流率自由现金流/营收 | 24.1% | -53.2% |
| 资本支出强度资本支出/营收 | 2.8% | 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 | $91.2M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流MEGVNET
| Q4 25 | $51.9M | — | ||
| Q3 25 | $28.1M | $113.8M | ||
| Q2 25 | $21.9M | — | ||
| Q1 25 | $5.5M | $27.0M | ||
| Q4 24 | $32.0M | — | ||
| Q3 24 | $11.4M | $108.3M | ||
| Q2 24 | $894.0K | $55.8M | ||
| Q1 24 | $-22.0M | $37.1M |
自由现金流MEGVNET
| Q4 25 | $46.5M | — | ||
| Q3 25 | $22.3M | $-193.1M | ||
| Q2 25 | $19.9M | — | ||
| Q1 25 | $2.4M | $-220.0M | ||
| Q4 24 | $29.7M | — | ||
| Q3 24 | $10.2M | $-95.0M | ||
| Q2 24 | $-9.8M | $-81.6M | ||
| Q1 24 | $-29.3M | $-102.2M |
自由现金流率MEGVNET
| Q4 25 | 24.1% | — | ||
| Q3 25 | 9.9% | -53.2% | ||
| Q2 25 | 8.5% | — | ||
| Q1 25 | 1.3% | -71.1% | ||
| Q4 24 | 15.7% | — | ||
| Q3 24 | 5.7% | -31.4% | ||
| Q2 24 | -5.6% | -29.8% | ||
| Q1 24 | -18.9% | -38.9% |
资本支出强度MEGVNET
| Q4 25 | 2.8% | — | ||
| Q3 25 | 2.6% | 84.6% | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 1.8% | 79.8% | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 0.6% | 67.3% | ||
| Q2 24 | 6.1% | 50.1% | ||
| Q1 24 | 4.7% | 53.0% |
现金转化率MEGVNET
| Q4 25 | — | — | ||
| Q3 25 | 3.36× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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
