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Mistras Group, Inc.（MG）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Mistras Group, Inc.的2.0倍（$362.7M vs $181.5M），Mistras Group, Inc.净利率更高（2.1% vs -10.7%，领先12.7%），Mistras Group, Inc.自由现金流更多（$26.0M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -0.8%）
Mistras集团是全球资产完整性与保护解决方案供应商，主营无损检测、工业实时监测、工程咨询等服务，核心客户覆盖油气、航空航天、发电、制造等领域，业务遍及北美、欧洲及亚太地区，可帮助客户提升运营安全性、延长资产寿命、降低非计划停机风险。
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。
MG vs VNET — 直观对比
营收规模更大
VNET
是对方的2.0倍
$181.5M
净利率更高
MG
高出12.7%
-10.7%
自由现金流更多
MG
多$219.1M
$-193.1M
两年增速更快
VNET
近两年复合增速
-0.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $181.5M | $362.7M |
| 净利润 | $3.8M | $-38.7M |
| 毛利率 | 28.4% | 20.9% |
| 营业利润率 | 7.0% | 0.5% |
| 净利率 | 2.1% | -10.7% |
| 营收同比 | 5.1% | — |
| 净利润同比 | -27.4% | — |
| 每股收益（稀释后） | $0.12 | — |
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MGVNET
| Q4 25 | $181.5M | — | ||
| Q3 25 | $195.5M | $362.7M | ||
| Q2 25 | $185.4M | — | ||
| Q1 25 | $161.6M | $309.5M | ||
| Q4 24 | $172.7M | — | ||
| Q3 24 | $182.7M | $302.2M | ||
| Q2 24 | $189.8M | $274.4M | ||
| Q1 24 | $184.4M | $262.9M |
净利润MGVNET
| Q4 25 | $3.8M | — | ||
| Q3 25 | $13.1M | $-38.7M | ||
| Q2 25 | $3.0M | — | ||
| Q1 25 | $-3.2M | $-2.4M | ||
| Q4 24 | $5.2M | — | ||
| Q3 24 | $6.4M | $-2.1M | ||
| Q2 24 | $6.4M | $-1.1M | ||
| Q1 24 | $995.0K | $-22.0M |
毛利率MGVNET
| Q4 25 | 28.4% | — | ||
| Q3 25 | 29.8% | 20.9% | ||
| Q2 25 | 29.1% | — | ||
| Q1 25 | 25.3% | 25.2% | ||
| Q4 24 | 26.5% | — | ||
| Q3 24 | 26.8% | 23.2% | ||
| Q2 24 | 27.1% | 21.3% | ||
| Q1 24 | 25.0% | 21.6% |
营业利润率MGVNET
| Q4 25 | 7.0% | — | ||
| Q3 25 | 10.4% | 0.5% | ||
| Q2 25 | 4.5% | — | ||
| Q1 25 | -0.6% | 0.1% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 6.5% | 24.5% | ||
| Q2 24 | 6.3% | 0.2% | ||
| Q1 24 | 3.0% | 0.2% |
净利率MGVNET
| Q4 25 | 2.1% | — | ||
| Q3 25 | 6.7% | -10.7% | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | -2.0% | -0.8% | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 3.5% | -0.7% | ||
| Q2 24 | 3.4% | -0.4% | ||
| Q1 24 | 0.5% | -8.4% |
每股收益（稀释后）MGVNET
| Q4 25 | $0.12 | — | ||
| Q3 25 | $0.41 | — | ||
| Q2 25 | $0.10 | — | ||
| Q1 25 | $-0.10 | — | ||
| Q4 24 | $0.17 | — | ||
| Q3 24 | $0.20 | — | ||
| Q2 24 | $0.20 | — | ||
| Q1 24 | $0.03 | — |
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 | $28.0M | $492.1M |
| 总债务越低越好 | $178.0M | — |
| 股东权益账面价值 | $235.1M | $890.8M |
| 总资产 | $578.8M | $6.1B |
| 负债/权益比越低杠杆越低 | 0.76× | — |
8季度趋势，按日历期对齐
现金及短期投资MGVNET
| Q4 25 | $28.0M | — | ||
| Q3 25 | $27.8M | $492.1M | ||
| Q2 25 | $20.0M | — | ||
| Q1 25 | $18.5M | $544.3M | ||
| Q4 24 | $18.3M | — | ||
| Q3 24 | $20.4M | $219.5M | ||
| Q2 24 | $17.2M | $247.2M | ||
| Q1 24 | $16.9M | $246.9M |
总债务MGVNET
| Q4 25 | $178.0M | — | ||
| Q3 25 | $202.3M | — | ||
| Q2 25 | $189.4M | — | ||
| Q1 25 | $171.9M | — | ||
| Q4 24 | $169.6M | — | ||
| Q3 24 | $189.7M | $1.2B | ||
| Q2 24 | $199.7M | — | ||
| Q1 24 | $198.4M | — |
股东权益MGVNET
| Q4 25 | $235.1M | — | ||
| Q3 25 | $227.4M | $890.8M | ||
| Q2 25 | $215.8M | — | ||
| Q1 25 | $198.7M | $927.8M | ||
| Q4 24 | $198.6M | — | ||
| Q3 24 | $205.2M | $902.9M | ||
| Q2 24 | $193.2M | $900.6M | ||
| Q1 24 | $187.1M | $895.1M |
总资产MGVNET
| Q4 25 | $578.8M | — | ||
| Q3 25 | $596.3M | $6.1B | ||
| Q2 25 | $571.0M | — | ||
| Q1 25 | $526.8M | $5.4B | ||
| Q4 24 | $523.0M | — | ||
| Q3 24 | $551.7M | $4.3B | ||
| Q2 24 | $548.1M | $4.0B | ||
| Q1 24 | $542.1M | $3.9B |
负债/权益比MGVNET
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 0.92× | 1.28× | ||
| Q2 24 | 1.03× | — | ||
| Q1 24 | 1.06× | — |
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 | $32.1M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | $-193.1M |
| 自由现金流率自由现金流/营收 | 14.3% | -53.2% |
| 资本支出强度资本支出/营收 | 3.4% | 84.6% |
| 现金转化率经营现金流/净利润 | 8.55× | — |
| 过去12个月自由现金流最近4个季度 | $8.3M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流MGVNET
| Q4 25 | $32.1M | — | ||
| Q3 25 | $4.5M | $113.8M | ||
| Q2 25 | $-9.3M | — | ||
| Q1 25 | $5.6M | $27.0M | ||
| Q4 24 | $25.7M | — | ||
| Q3 24 | $19.4M | $108.3M | ||
| Q2 24 | $4.5M | $55.8M | ||
| Q1 24 | $604.0K | $37.1M |
自由现金流MGVNET
| Q4 25 | $26.0M | — | ||
| Q3 25 | $-4.1M | $-193.1M | ||
| Q2 25 | $-14.7M | — | ||
| Q1 25 | $1.1M | $-220.0M | ||
| Q4 24 | $22.1M | — | ||
| Q3 24 | $14.6M | $-95.0M | ||
| Q2 24 | $-284.0K | $-81.6M | ||
| Q1 24 | $-4.2M | $-102.2M |
自由现金流率MGVNET
| Q4 25 | 14.3% | — | ||
| Q3 25 | -2.1% | -53.2% | ||
| Q2 25 | -7.9% | — | ||
| Q1 25 | 0.7% | -71.1% | ||
| Q4 24 | 12.8% | — | ||
| Q3 24 | 8.0% | -31.4% | ||
| Q2 24 | -0.1% | -29.8% | ||
| Q1 24 | -2.3% | -38.9% |
资本支出强度MGVNET
| Q4 25 | 3.4% | — | ||
| Q3 25 | 4.4% | 84.6% | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 2.8% | 79.8% | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 2.6% | 67.3% | ||
| Q2 24 | 2.5% | 50.1% | ||
| Q1 24 | 2.6% | 53.0% |
现金转化率MGVNET
| Q4 25 | 8.55× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | -3.07× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.96× | — | ||
| Q3 24 | 3.02× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.61× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
