vs
MCGRATH RENTCORP（MGRC）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MCGRATH RENTCORP的1.8倍（$362.7M vs $198.5M），MCGRATH RENTCORP净利率更高（13.6% vs -10.7%，领先24.3%），过去两年世纪互联的营收复合增速更高（17.4% vs -3.4%）
麦格拉思租赁公司是主营北美市场的B2B租赁服务商，核心业务包括可搬迁模块化办公与教学建筑、便携式存储单元及电子测试测量设备租赁，服务覆盖建筑、教育、工业、科技等多个行业领域。
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。
MGRC vs VNET — 直观对比
营收规模更大
VNET
是对方的1.8倍
$198.5M
净利率更高
MGRC
高出24.3%
-10.7%
两年增速更快
VNET
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $198.5M | $362.7M |
| 净利润 | $27.0M | $-38.7M |
| 毛利率 | 48.8% | 20.9% |
| 营业利润率 | 21.9% | 0.5% |
| 净利率 | 13.6% | -10.7% |
| 营收同比 | -12.6% | — |
| 净利润同比 | -4.2% | — |
| 每股收益（稀释后） | $1.10 | — |
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MGRCVNET
| Q1 26 | $198.5M | — | ||
| Q4 25 | $256.8M | — | ||
| Q3 25 | $256.4M | $362.7M | ||
| Q2 25 | $235.6M | — | ||
| Q1 25 | $195.4M | $309.5M | ||
| Q4 24 | $243.7M | — | ||
| Q3 24 | $266.8M | $302.2M | ||
| Q2 24 | $212.6M | $274.4M |
净利润MGRCVNET
| Q1 26 | $27.0M | — | ||
| Q4 25 | $49.8M | — | ||
| Q3 25 | $42.3M | $-38.7M | ||
| Q2 25 | $36.0M | — | ||
| Q1 25 | $28.2M | $-2.4M | ||
| Q4 24 | $38.9M | — | ||
| Q3 24 | $149.3M | $-2.1M | ||
| Q2 24 | $20.6M | $-1.1M |
毛利率MGRCVNET
| Q1 26 | 48.8% | — | ||
| Q4 25 | 50.1% | — | ||
| Q3 25 | 46.5% | 20.9% | ||
| Q2 25 | 47.0% | — | ||
| Q1 25 | 49.3% | 25.2% | ||
| Q4 24 | 47.1% | — | ||
| Q3 24 | 46.5% | 23.2% | ||
| Q2 24 | 48.6% | 21.3% |
营业利润率MGRCVNET
| Q1 26 | 21.9% | — | ||
| Q4 25 | 28.9% | — | ||
| Q3 25 | 26.0% | 0.5% | ||
| Q2 25 | 24.3% | — | ||
| Q1 25 | 23.3% | 0.1% | ||
| Q4 24 | 25.9% | — | ||
| Q3 24 | 28.0% | 24.5% | ||
| Q2 24 | 25.6% | 0.2% |
净利率MGRCVNET
| Q1 26 | 13.6% | — | ||
| Q4 25 | 19.4% | — | ||
| Q3 25 | 16.5% | -10.7% | ||
| Q2 25 | 15.3% | — | ||
| Q1 25 | 14.4% | -0.8% | ||
| Q4 24 | 16.0% | — | ||
| Q3 24 | 56.0% | -0.7% | ||
| Q2 24 | 9.7% | -0.4% |
每股收益（稀释后）MGRCVNET
| Q1 26 | $1.10 | — | ||
| Q4 25 | $2.02 | — | ||
| Q3 25 | $1.72 | — | ||
| Q2 25 | $1.46 | — | ||
| Q1 25 | $1.15 | — | ||
| Q4 24 | $1.58 | — | ||
| Q3 24 | $6.08 | — | ||
| Q2 24 | $0.84 | — |
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 | — | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $890.8M |
| 总资产 | $2.4B | $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MGRCVNET
| Q1 26 | — | — | ||
| Q4 25 | $295.0K | — | ||
| Q3 25 | $7.3M | $492.1M | ||
| Q2 25 | $1.5M | — | ||
| Q1 25 | $3.4M | $544.3M | ||
| Q4 24 | $807.0K | — | ||
| Q3 24 | $4.1M | $219.5M | ||
| Q2 24 | $9.4M | $247.2M |
总债务MGRCVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益MGRCVNET
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $890.8M | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.1B | $927.8M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $902.9M | ||
| Q2 24 | $954.2M | $900.6M |
总资产MGRCVNET
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | $6.1B | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | $5.4B | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | $4.3B | ||
| Q2 24 | $2.3B | $4.0B |
负债/权益比MGRCVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 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 | $42.4M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -53.2% |
| 资本支出强度资本支出/营收 | — | 84.6% |
| 现金转化率经营现金流/净利润 | 1.57× | — |
| 过去12个月自由现金流最近4个季度 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流MGRCVNET
| Q1 26 | $42.4M | — | ||
| Q4 25 | $80.9M | — | ||
| Q3 25 | $65.1M | $113.8M | ||
| Q2 25 | $55.8M | — | ||
| Q1 25 | $53.9M | $27.0M | ||
| Q4 24 | $36.8M | — | ||
| Q3 24 | $199.0M | $108.3M | ||
| Q2 24 | $79.2M | $55.8M |
自由现金流MGRCVNET
| Q1 26 | — | — | ||
| Q4 25 | $69.8M | — | ||
| Q3 25 | $53.5M | $-193.1M | ||
| Q2 25 | $38.2M | — | ||
| Q1 25 | $49.9M | $-220.0M | ||
| Q4 24 | $32.6M | — | ||
| Q3 24 | $193.0M | $-95.0M | ||
| Q2 24 | $74.4M | $-81.6M |
自由现金流率MGRCVNET
| Q1 26 | — | — | ||
| Q4 25 | 27.2% | — | ||
| Q3 25 | 20.8% | -53.2% | ||
| Q2 25 | 16.2% | — | ||
| Q1 25 | 25.5% | -71.1% | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 72.4% | -31.4% | ||
| Q2 24 | 35.0% | -29.8% |
资本支出强度MGRCVNET
| Q1 26 | — | — | ||
| Q4 25 | 4.3% | — | ||
| Q3 25 | 4.5% | 84.6% | ||
| Q2 25 | 7.5% | — | ||
| Q1 25 | 2.0% | 79.8% | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 2.2% | 67.3% | ||
| Q2 24 | 2.3% | 50.1% |
现金转化率MGRCVNET
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.62× | — | ||
| Q3 25 | 1.54× | — | ||
| Q2 25 | 1.55× | — | ||
| Q1 25 | 1.91× | — | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 3.84× | — |
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
MGRC
| Rental | $126.7M | 64% |
| Rental related services | $35.6M | 18% |
| Sales | $34.0M | 17% |
VNET
暂无分部数据
