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摩凡陀集团（MOV）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摩凡陀集团的1.9倍（$362.7M vs $186.1M），摩凡陀集团净利率更高（5.1% vs -10.7%，领先15.8%），摩凡陀集团自由现金流更多（$11.6M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 2.9%）
摩凡陀集团是源自瑞士的美国奢侈钟表品牌，创始于1881年，品牌名取自世界语，原意为“律动”。摩凡陀腕表以12点钟位置标志性的金属圆点设计与极简风格著称，其中博物馆腕表更是品牌最广为人知的经典代表作。
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。
MOV vs VNET — 直观对比
营收规模更大
VNET
是对方的1.9倍
$186.1M
净利率更高
MOV
高出15.8%
-10.7%
自由现金流更多
MOV
多$204.7M
$-193.1M
两年增速更快
VNET
近两年复合增速
2.9%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $186.1M | $362.7M |
| 净利润 | $9.6M | $-38.7M |
| 毛利率 | 54.3% | 20.9% |
| 营业利润率 | 6.3% | 0.5% |
| 净利率 | 5.1% | -10.7% |
| 营收同比 | 1.9% | — |
| 净利润同比 | 89.8% | — |
| 每股收益（稀释后） | $0.42 | — |
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MOVVNET
| Q4 25 | $186.1M | — | ||
| Q3 25 | $161.8M | $362.7M | ||
| Q2 25 | $131.8M | — | ||
| Q1 25 | $181.5M | $309.5M | ||
| Q4 24 | $180.5M | — | ||
| Q3 24 | $157.0M | $302.2M | ||
| Q2 24 | $134.4M | $274.4M | ||
| Q1 24 | $175.8M | $262.9M |
净利润MOVVNET
| Q4 25 | $9.6M | — | ||
| Q3 25 | $3.0M | $-38.7M | ||
| Q2 25 | $1.4M | — | ||
| Q1 25 | $8.1M | $-2.4M | ||
| Q4 24 | $4.8M | — | ||
| Q3 24 | $3.5M | $-2.1M | ||
| Q2 24 | $2.0M | $-1.1M | ||
| Q1 24 | $9.8M | $-22.0M |
毛利率MOVVNET
| Q4 25 | 54.3% | — | ||
| Q3 25 | 54.1% | 20.9% | ||
| Q2 25 | 54.1% | — | ||
| Q1 25 | 54.2% | 25.2% | ||
| Q4 24 | 53.5% | — | ||
| Q3 24 | 54.3% | 23.2% | ||
| Q2 24 | 54.3% | 21.3% | ||
| Q1 24 | 53.5% | 21.6% |
营业利润率MOVVNET
| Q4 25 | 6.3% | — | ||
| Q3 25 | 2.5% | 0.5% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 5.1% | 0.1% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 1.7% | 24.5% | ||
| Q2 24 | 1.6% | 0.2% | ||
| Q1 24 | 6.1% | 0.2% |
净利率MOVVNET
| Q4 25 | 5.1% | — | ||
| Q3 25 | 1.8% | -10.7% | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 4.4% | -0.8% | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 2.2% | -0.7% | ||
| Q2 24 | 1.5% | -0.4% | ||
| Q1 24 | 5.6% | -8.4% |
每股收益（稀释后）MOVVNET
| Q4 25 | $0.42 | — | ||
| Q3 25 | $0.13 | — | ||
| Q2 25 | $0.06 | — | ||
| Q1 25 | $0.36 | — | ||
| Q4 24 | $0.21 | — | ||
| Q3 24 | $0.15 | — | ||
| Q2 24 | $0.09 | — | ||
| Q1 24 | $0.44 | — |
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 | $183.9M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $497.5M | $890.8M |
| 总资产 | $751.9M | $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MOVVNET
| Q4 25 | $183.9M | — | ||
| Q3 25 | $180.5M | $492.1M | ||
| Q2 25 | $203.1M | — | ||
| Q1 25 | $208.5M | $544.3M | ||
| Q4 24 | $181.5M | — | ||
| Q3 24 | $198.3M | $219.5M | ||
| Q2 24 | $225.4M | $247.2M | ||
| Q1 24 | $262.1M | $246.9M |
总债务MOVVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MOVVNET
| Q4 25 | $497.5M | — | ||
| Q3 25 | $489.9M | $890.8M | ||
| Q2 25 | $493.2M | — | ||
| Q1 25 | $481.3M | $927.8M | ||
| Q4 24 | $491.3M | — | ||
| Q3 24 | $492.0M | $902.9M | ||
| Q2 24 | $489.6M | $900.6M | ||
| Q1 24 | $505.9M | $895.1M |
总资产MOVVNET
| Q4 25 | $751.9M | — | ||
| Q3 25 | $748.7M | $6.1B | ||
| Q2 25 | $747.2M | — | ||
| Q1 25 | $729.2M | $5.4B | ||
| Q4 24 | $747.2M | — | ||
| Q3 24 | $742.5M | $4.3B | ||
| Q2 24 | $736.0M | $4.0B | ||
| Q1 24 | $756.5M | $3.9B |
负债/权益比MOVVNET
| 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 | $12.3M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $11.6M | $-193.1M |
| 自由现金流率自由现金流/营收 | 6.2% | -53.2% |
| 资本支出强度资本支出/营收 | 0.4% | 84.6% |
| 现金转化率经营现金流/净利润 | 1.28× | — |
| 过去12个月自由现金流最近4个季度 | $35.3M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流MOVVNET
| Q4 25 | $12.3M | — | ||
| Q3 25 | $-3.8M | $113.8M | ||
| Q2 25 | $-7.2M | — | ||
| Q1 25 | $39.1M | $27.0M | ||
| Q4 24 | $-4.7M | — | ||
| Q3 24 | $-17.8M | $108.3M | ||
| Q2 24 | $-18.1M | $55.8M | ||
| Q1 24 | $69.4M | $37.1M |
自由现金流MOVVNET
| Q4 25 | $11.6M | — | ||
| Q3 25 | $-5.1M | $-193.1M | ||
| Q2 25 | $-8.7M | — | ||
| Q1 25 | $37.5M | $-220.0M | ||
| Q4 24 | $-7.2M | — | ||
| Q3 24 | $-20.1M | $-95.0M | ||
| Q2 24 | $-19.7M | $-81.6M | ||
| Q1 24 | $67.8M | $-102.2M |
自由现金流率MOVVNET
| Q4 25 | 6.2% | — | ||
| Q3 25 | -3.1% | -53.2% | ||
| Q2 25 | -6.6% | — | ||
| Q1 25 | 20.7% | -71.1% | ||
| Q4 24 | -4.0% | — | ||
| Q3 24 | -12.8% | -31.4% | ||
| Q2 24 | -14.7% | -29.8% | ||
| Q1 24 | 38.6% | -38.9% |
资本支出强度MOVVNET
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.8% | 84.6% | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 0.9% | 79.8% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.5% | 67.3% | ||
| Q2 24 | 1.2% | 50.1% | ||
| Q1 24 | 0.9% | 53.0% |
现金转化率MOVVNET
| Q4 25 | 1.28× | — | ||
| Q3 25 | -1.27× | — | ||
| Q2 25 | -5.08× | — | ||
| Q1 25 | 4.86× | — | ||
| Q4 24 | -0.98× | — | ||
| Q3 24 | -5.14× | — | ||
| Q2 24 | -8.97× | — | ||
| Q1 24 | 7.06× | — |
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
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
VNET
暂无分部数据
