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Hello Group Inc.（MOMO）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
Hello Group Inc.的季度营收约是世纪互联的1.0倍（$368.3M vs $362.7M），Hello Group Inc.净利率更高（9.2% vs -10.7%，领先19.9%），过去两年世纪互联的营收复合增速更高（17.4% vs -63.8%）
Hello Sunshine是一家美国传媒公司，由女演员瑞茜·威瑟斯彭与Strand Equity创始人兼执行合伙人赛斯·罗德斯基于2016年共同创立，主营业务涵盖影视内容开发制作、女性向IP运营等传媒相关业务。
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。
MOMO vs VNET — 直观对比
营收规模更大
MOMO
是对方的1.0倍
$362.7M
净利率更高
MOMO
高出19.9%
-10.7%
两年增速更快
VNET
近两年复合增速
-63.8%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $368.3M | $362.7M |
| 净利润 | $34.0M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | — | 0.5% |
| 净利率 | 9.2% | -10.7% |
| 营收同比 | — | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | — |
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MOMOVNET
| Q1 26 | $368.3M | — | ||
| Q3 25 | $372.3M | $362.7M | ||
| Q2 25 | $365.8M | — | ||
| Q1 25 | — | $309.5M | ||
| Q3 24 | $381.1M | $302.2M | ||
| Q2 24 | $2.5B | $274.4M | ||
| Q1 24 | $354.6M | $262.9M | ||
| Q3 23 | $417.1M | $258.6M |
净利润MOMOVNET
| Q1 26 | $34.0M | — | ||
| Q3 25 | $49.1M | $-38.7M | ||
| Q2 25 | $-19.5M | — | ||
| Q1 25 | — | $-2.4M | ||
| Q3 24 | $64.0M | $-2.1M | ||
| Q2 24 | $54.7M | $-1.1M | ||
| Q1 24 | $718.0K | $-22.0M | ||
| Q3 23 | $74.3M | $-5.5M |
毛利率MOMOVNET
| Q1 26 | — | — | ||
| Q3 25 | 37.4% | 20.9% | ||
| Q2 25 | 38.6% | — | ||
| Q1 25 | — | 25.2% | ||
| Q3 24 | 39.3% | 23.2% | ||
| Q2 24 | 39.3% | 21.3% | ||
| Q1 24 | 41.3% | 21.6% | ||
| Q3 23 | 41.8% | 16.2% |
营业利润率MOMOVNET
| Q1 26 | — | — | ||
| Q3 25 | 13.0% | 0.5% | ||
| Q2 25 | 15.4% | — | ||
| Q1 25 | — | 0.1% | ||
| Q3 24 | 15.4% | 24.5% | ||
| Q2 24 | 26.3% | 0.2% | ||
| Q1 24 | 18.0% | 0.2% | ||
| Q3 23 | 20.4% | 1.7% |
净利率MOMOVNET
| Q1 26 | 9.2% | — | ||
| Q3 25 | 13.2% | -10.7% | ||
| Q2 25 | -5.3% | — | ||
| Q1 25 | — | -0.8% | ||
| Q3 24 | 16.8% | -0.7% | ||
| Q2 24 | 2.2% | -0.4% | ||
| Q1 24 | 0.2% | -8.4% | ||
| Q3 23 | 17.8% | -2.1% |
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 | $760.8M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $890.8M |
| 总资产 | $2.0B | $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MOMOVNET
| Q1 26 | $760.8M | — | ||
| Q3 25 | $588.9M | $492.1M | ||
| Q2 25 | $700.4M | — | ||
| Q1 25 | — | $544.3M | ||
| Q3 24 | $470.4M | $219.5M | ||
| Q2 24 | $819.9M | $247.2M | ||
| Q1 24 | $834.2M | $246.9M | ||
| Q3 23 | $684.6M | $370.4M |
总债务MOMOVNET
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
股东权益MOMOVNET
| Q1 26 | — | — | ||
| Q3 25 | — | $890.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $927.8M | ||
| Q3 24 | — | $902.9M | ||
| Q2 24 | — | $900.6M | ||
| Q1 24 | — | $895.1M | ||
| Q3 23 | — | $942.7M |
总资产MOMOVNET
| Q1 26 | $2.0B | — | ||
| Q3 25 | $1.9B | $6.1B | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | — | $5.4B | ||
| Q3 24 | $2.6B | $4.3B | ||
| Q2 24 | $2.4B | $4.0B | ||
| Q1 24 | $2.5B | $3.9B | ||
| Q3 23 | $2.2B | $4.1B |
负债/权益比MOMOVNET
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
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 | — | $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 | — | — |
| 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MOMOVNET
| Q1 26 | — | — | ||
| Q3 25 | $20.2M | $113.8M | ||
| Q2 25 | $34.9M | — | ||
| Q1 25 | — | $27.0M | ||
| Q3 24 | — | $108.3M | ||
| Q2 24 | $65.4M | $55.8M | ||
| Q1 24 | $55.4M | $37.1M | ||
| Q3 23 | $79.8M | $62.3M |
自由现金流MOMOVNET
| Q1 26 | — | — | ||
| Q3 25 | $3.5M | $-193.1M | ||
| Q2 25 | $31.3M | — | ||
| Q1 25 | — | $-220.0M | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | $37.9M | $-81.6M | ||
| Q1 24 | $49.3M | $-102.2M | ||
| Q3 23 | $47.2M | $-67.5M |
自由现金流率MOMOVNET
| Q1 26 | — | — | ||
| Q3 25 | 1.0% | -53.2% | ||
| Q2 25 | 8.5% | — | ||
| Q1 25 | — | -71.1% | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | 1.5% | -29.8% | ||
| Q1 24 | 13.9% | -38.9% | ||
| Q3 23 | 11.3% | -26.1% |
资本支出强度MOMOVNET
| Q1 26 | — | — | ||
| Q3 25 | 4.5% | 84.6% | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | — | 79.8% | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | 1.1% | 50.1% | ||
| Q1 24 | 1.7% | 53.0% | ||
| Q3 23 | 7.8% | 50.2% |
现金转化率MOMOVNET
| Q1 26 | — | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.19× | — | ||
| Q1 24 | 77.19× | — | ||
| Q3 23 | 1.07× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
