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MATERION Corp（MTRN）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
MATERION Corp的季度营收约是世纪互联的1.5倍（$549.8M vs $362.7M），MATERION Corp净利率更高（3.5% vs -10.7%，领先14.2%），过去两年世纪互联的营收复合增速更高（17.4% vs 13.6%）
Materion是一家专注于高性能先进材料领域的跨国企业，核心产品涵盖先进铍金属、薄膜沉积材料、高性能合金及复合材料、特种工程铍、工程金属、工业陶瓷、钽、铌等各类贵金属与非贵金属，同时提供无机化学品及特种涂层解决方案，广泛应用于高端制造领域。
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。
MTRN vs VNET — 直观对比
营收规模更大
MTRN
是对方的1.5倍
$362.7M
净利率更高
MTRN
高出14.2%
-10.7%
两年增速更快
VNET
近两年复合增速
13.6%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $549.8M | $362.7M |
| 净利润 | $19.4M | $-38.7M |
| 毛利率 | 14.9% | 20.9% |
| 营业利润率 | 5.1% | 0.5% |
| 净利率 | 3.5% | -10.7% |
| 营收同比 | 30.8% | — |
| 净利润同比 | 9.5% | — |
| 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MTRNVNET
| Q1 26 | $549.8M | — | ||
| Q4 25 | $489.8M | — | ||
| Q3 25 | $444.8M | $362.7M | ||
| Q2 25 | $431.7M | — | ||
| Q1 25 | $420.3M | $309.5M | ||
| Q4 24 | $436.9M | — | ||
| Q3 24 | $436.7M | $302.2M | ||
| Q2 24 | $425.9M | $274.4M |
净利润MTRNVNET
| Q1 26 | $19.4M | — | ||
| Q4 25 | $6.6M | — | ||
| Q3 25 | $25.4M | $-38.7M | ||
| Q2 25 | $25.1M | — | ||
| Q1 25 | $17.7M | $-2.4M | ||
| Q4 24 | $-48.9M | — | ||
| Q3 24 | $22.3M | $-2.1M | ||
| Q2 24 | $19.0M | $-1.1M |
毛利率MTRNVNET
| Q1 26 | 14.9% | — | ||
| Q4 25 | 13.0% | — | ||
| Q3 25 | 19.4% | 20.9% | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 18.1% | 25.2% | ||
| Q4 24 | 21.3% | — | ||
| Q3 24 | 18.5% | 23.2% | ||
| Q2 24 | 19.0% | 21.3% |
营业利润率MTRNVNET
| Q1 26 | 5.1% | — | ||
| Q4 25 | 2.2% | — | ||
| Q3 25 | 7.9% | 0.5% | ||
| Q2 25 | 8.5% | — | ||
| Q1 25 | 6.5% | 0.1% | ||
| Q4 24 | -8.8% | — | ||
| Q3 24 | 7.2% | 24.5% | ||
| Q2 24 | 7.5% | 0.2% |
净利率MTRNVNET
| Q1 26 | 3.5% | — | ||
| Q4 25 | 1.3% | — | ||
| Q3 25 | 5.7% | -10.7% | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 4.2% | -0.8% | ||
| Q4 24 | -11.2% | — | ||
| Q3 24 | 5.1% | -0.7% | ||
| Q2 24 | 4.5% | -0.4% |
每股收益（稀释后）MTRNVNET
| Q1 26 | — | — | ||
| Q4 25 | $0.30 | — | ||
| Q3 25 | $1.22 | — | ||
| Q2 25 | $1.21 | — | ||
| Q1 25 | $0.85 | — | ||
| Q4 24 | $-2.34 | — | ||
| Q3 24 | $1.07 | — | ||
| Q2 24 | $0.91 | — |
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 | $16.2M | $492.1M |
| 总债务越低越好 | $489.9M | — |
| 股东权益账面价值 | $957.0M | $890.8M |
| 总资产 | $1.9B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.51× | — |
8季度趋势，按日历期对齐
现金及短期投资MTRNVNET
| Q1 26 | $16.2M | — | ||
| Q4 25 | $13.7M | — | ||
| Q3 25 | $16.4M | $492.1M | ||
| Q2 25 | $12.6M | — | ||
| Q1 25 | $15.6M | $544.3M | ||
| Q4 24 | $16.7M | — | ||
| Q3 24 | $17.9M | $219.5M | ||
| Q2 24 | $17.1M | $247.2M |
总债务MTRNVNET
| Q1 26 | $489.9M | — | ||
| Q4 25 | $460.6M | — | ||
| Q3 25 | $458.9M | — | ||
| Q2 25 | $427.6M | — | ||
| Q1 25 | $453.0M | — | ||
| Q4 24 | $443.9M | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益MTRNVNET
| Q1 26 | $957.0M | — | ||
| Q4 25 | $943.3M | — | ||
| Q3 25 | $934.6M | $890.8M | ||
| Q2 25 | $910.6M | — | ||
| Q1 25 | $887.9M | $927.8M | ||
| Q4 24 | $868.9M | — | ||
| Q3 24 | $931.9M | $902.9M | ||
| Q2 24 | $907.1M | $900.6M |
总资产MTRNVNET
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | $6.1B | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.8B | $5.4B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.9B | $4.3B | ||
| Q2 24 | $1.8B | $4.0B |
负债/权益比MTRNVNET
| Q1 26 | 0.51× | — | ||
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.49× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.51× | — | ||
| 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 | — | $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MTRNVNET
| Q1 26 | — | — | ||
| Q4 25 | $19.5M | — | ||
| Q3 25 | $18.3M | $113.8M | ||
| Q2 25 | $49.9M | — | ||
| Q1 25 | $15.5M | $27.0M | ||
| Q4 24 | $76.3M | — | ||
| Q3 24 | $5.1M | $108.3M | ||
| Q2 24 | $20.3M | $55.8M |
自由现金流MTRNVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | $3.2M | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-24.3M | $-95.0M | ||
| Q2 24 | — | $-81.6M |
自由现金流率MTRNVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.8% | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | -5.6% | -31.4% | ||
| Q2 24 | — | -29.8% |
资本支出强度MTRNVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.9% | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.7% | 67.3% | ||
| Q2 24 | — | 50.1% |
现金转化率MTRNVNET
| Q1 26 | — | — | ||
| Q4 25 | 2.97× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 1.99× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 1.07× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
