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MATRIX SERVICE CO（MTRX）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MATRIX SERVICE CO的1.7倍（$362.7M vs $210.5M），MATRIX SERVICE CO净利率更高（-0.4% vs -10.7%，领先10.2%），MATRIX SERVICE CO自由现金流更多（$6.3M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 12.6%）
Matrix Service旗下的Matrix电信公司是美国一家电信企业，以Matrix商务科技、Trinsic、Excel电信等多个细分品牌运营，面向个人消费者、中小微企业以及多地点分布式企业市场提供语音与数据服务，同时也向电信、无线与有线电视行业提供语音批发服务。
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。
MTRX vs VNET — 直观对比
营收规模更大
VNET
是对方的1.7倍
$210.5M
净利率更高
MTRX
高出10.2%
-10.7%
自由现金流更多
MTRX
多$199.4M
$-193.1M
两年增速更快
VNET
近两年复合增速
12.6%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $210.5M | $362.7M |
| 净利润 | $-894.0K | $-38.7M |
| 毛利率 | 6.2% | 20.9% |
| 营业利润率 | -1.0% | 0.5% |
| 净利率 | -0.4% | -10.7% |
| 营收同比 | 12.5% | — |
| 净利润同比 | 83.8% | — |
| 每股收益（稀释后） | $-0.03 | — |
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MTRXVNET
| Q4 25 | $210.5M | — | ||
| Q3 25 | $211.9M | $362.7M | ||
| Q2 25 | $216.4M | — | ||
| Q1 25 | $200.2M | $309.5M | ||
| Q4 24 | $187.2M | — | ||
| Q3 24 | $165.6M | $302.2M | ||
| Q2 24 | $189.5M | $274.4M | ||
| Q1 24 | $166.0M | $262.9M |
净利润MTRXVNET
| Q4 25 | $-894.0K | — | ||
| Q3 25 | $-3.7M | $-38.7M | ||
| Q2 25 | $-11.3M | — | ||
| Q1 25 | $-3.4M | $-2.4M | ||
| Q4 24 | $-5.5M | — | ||
| Q3 24 | $-9.2M | $-2.1M | ||
| Q2 24 | $-4.4M | $-1.1M | ||
| Q1 24 | $-14.6M | $-22.0M |
毛利率MTRXVNET
| Q4 25 | 6.2% | — | ||
| Q3 25 | 6.7% | 20.9% | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 6.4% | 25.2% | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 4.7% | 23.2% | ||
| Q2 24 | 6.6% | 21.3% | ||
| Q1 24 | 3.4% | 21.6% |
营业利润率MTRXVNET
| Q4 25 | -1.0% | — | ||
| Q3 25 | -2.6% | 0.5% | ||
| Q2 25 | -6.0% | — | ||
| Q1 25 | -2.5% | 0.1% | ||
| Q4 24 | -3.4% | — | ||
| Q3 24 | -6.5% | 24.5% | ||
| Q2 24 | -2.8% | 0.2% | ||
| Q1 24 | -8.7% | 0.2% |
净利率MTRXVNET
| Q4 25 | -0.4% | — | ||
| Q3 25 | -1.7% | -10.7% | ||
| Q2 25 | -5.2% | — | ||
| Q1 25 | -1.7% | -0.8% | ||
| Q4 24 | -3.0% | — | ||
| Q3 24 | -5.6% | -0.7% | ||
| Q2 24 | -2.3% | -0.4% | ||
| Q1 24 | -8.8% | -8.4% |
每股收益（稀释后）MTRXVNET
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $-0.13 | — | ||
| Q2 25 | $-0.41 | — | ||
| Q1 25 | $-0.12 | — | ||
| Q4 24 | $-0.20 | — | ||
| Q3 24 | $-0.33 | — | ||
| Q2 24 | $-0.16 | — | ||
| Q1 24 | $-0.53 | — |
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 | $199.0M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $137.6M | $890.8M |
| 总资产 | $650.2M | $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MTRXVNET
| Q4 25 | $199.0M | — | ||
| Q3 25 | $192.3M | $492.1M | ||
| Q2 25 | $224.6M | — | ||
| Q1 25 | $185.5M | $544.3M | ||
| Q4 24 | $156.8M | — | ||
| Q3 24 | $124.6M | $219.5M | ||
| Q2 24 | $115.6M | $247.2M | ||
| Q1 24 | $69.7M | $246.9M |
总债务MTRXVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MTRXVNET
| Q4 25 | $137.6M | — | ||
| Q3 25 | $136.3M | $890.8M | ||
| Q2 25 | $142.7M | — | ||
| Q1 25 | $150.7M | $927.8M | ||
| Q4 24 | $151.9M | — | ||
| Q3 24 | $156.5M | $902.9M | ||
| Q2 24 | $164.2M | $900.6M | ||
| Q1 24 | $165.8M | $895.1M |
总资产MTRXVNET
| Q4 25 | $650.2M | — | ||
| Q3 25 | $598.2M | $6.1B | ||
| Q2 25 | $600.3M | — | ||
| Q1 25 | $613.7M | $5.4B | ||
| Q4 24 | $513.8M | — | ||
| Q3 24 | $470.2M | $4.3B | ||
| Q2 24 | $451.4M | $4.0B | ||
| Q1 24 | $440.0M | $3.9B |
负债/权益比MTRXVNET
| 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 | $7.5M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $6.3M | $-193.1M |
| 自由现金流率自由现金流/营收 | 3.0% | -53.2% |
| 资本支出强度资本支出/营收 | 0.6% | 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 | $45.5M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流MTRXVNET
| Q4 25 | $7.5M | — | ||
| Q3 25 | $-25.9M | $113.8M | ||
| Q2 25 | $40.7M | — | ||
| Q1 25 | $31.2M | $27.0M | ||
| Q4 24 | $33.6M | — | ||
| Q3 24 | $11.9M | $108.3M | ||
| Q2 24 | $47.0M | $55.8M | ||
| Q1 24 | $24.8M | $37.1M |
自由现金流MTRXVNET
| Q4 25 | $6.3M | — | ||
| Q3 25 | $-27.9M | $-193.1M | ||
| Q2 25 | $38.4M | — | ||
| Q1 25 | $28.7M | $-220.0M | ||
| Q4 24 | $32.7M | — | ||
| Q3 24 | $10.0M | $-95.0M | ||
| Q2 24 | $45.7M | $-81.6M | ||
| Q1 24 | $20.0M | $-102.2M |
自由现金流率MTRXVNET
| Q4 25 | 3.0% | — | ||
| Q3 25 | -13.2% | -53.2% | ||
| Q2 25 | 17.8% | — | ||
| Q1 25 | 14.3% | -71.1% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 6.0% | -31.4% | ||
| Q2 24 | 24.1% | -29.8% | ||
| Q1 24 | 12.1% | -38.9% |
资本支出强度MTRXVNET
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.9% | 84.6% | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 1.3% | 79.8% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.2% | 67.3% | ||
| Q2 24 | 0.7% | 50.1% | ||
| Q1 24 | 2.9% | 53.0% |
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
MTRX
| Storage And Terminal Solutions | $99.9M | 47% |
| Utility And Power Infrastructure | $75.4M | 36% |
| Process And Industrial Facilities | $35.3M | 17% |
VNET
暂无分部数据
