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Metallus Inc.（MTUS）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Metallus Inc.的1.4倍（$362.7M vs $267.3M），Metallus Inc.净利率更高（-5.3% vs -10.7%，领先5.3%），Metallus Inc.自由现金流更多（$-37.2M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -8.8%）
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。
MTUS vs VNET — 直观对比
营收规模更大
VNET
是对方的1.4倍
$267.3M
净利率更高
MTUS
高出5.3%
-10.7%
自由现金流更多
MTUS
多$155.9M
$-193.1M
两年增速更快
VNET
近两年复合增速
-8.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $267.3M | $362.7M |
| 净利润 | $-14.3M | $-38.7M |
| 毛利率 | 2.2% | 20.9% |
| 营业利润率 | -7.7% | 0.5% |
| 净利率 | -5.3% | -10.7% |
| 营收同比 | 11.1% | — |
| 净利润同比 | 33.2% | — |
| 每股收益（稀释后） | $-0.34 | — |
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MTUSVNET
| Q4 25 | $267.3M | — | ||
| Q3 25 | $305.9M | $362.7M | ||
| Q2 25 | $304.6M | — | ||
| Q1 25 | $280.5M | $309.5M | ||
| Q4 24 | $240.5M | — | ||
| Q3 24 | $227.2M | $302.2M | ||
| Q2 24 | $294.7M | $274.4M | ||
| Q1 24 | $321.6M | $262.9M |
净利润MTUSVNET
| Q4 25 | $-14.3M | — | ||
| Q3 25 | $8.1M | $-38.7M | ||
| Q2 25 | $3.7M | — | ||
| Q1 25 | $1.3M | $-2.4M | ||
| Q4 24 | $-21.4M | — | ||
| Q3 24 | $-5.9M | $-2.1M | ||
| Q2 24 | $4.6M | $-1.1M | ||
| Q1 24 | $24.0M | $-22.0M |
毛利率MTUSVNET
| Q4 25 | 2.2% | — | ||
| Q3 25 | 11.4% | 20.9% | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 7.8% | 25.2% | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 5.3% | 23.2% | ||
| Q2 24 | 8.2% | 21.3% | ||
| Q1 24 | 15.7% | 21.6% |
营业利润率MTUSVNET
| Q4 25 | -7.7% | — | ||
| Q3 25 | 3.6% | 0.5% | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 1.0% | 0.1% | ||
| Q4 24 | -10.1% | — | ||
| Q3 24 | -3.1% | 24.5% | ||
| Q2 24 | 2.1% | 0.2% | ||
| Q1 24 | 9.3% | 0.2% |
净利率MTUSVNET
| Q4 25 | -5.3% | — | ||
| Q3 25 | 2.6% | -10.7% | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 0.5% | -0.8% | ||
| Q4 24 | -8.9% | — | ||
| Q3 24 | -2.6% | -0.7% | ||
| Q2 24 | 1.6% | -0.4% | ||
| Q1 24 | 7.5% | -8.4% |
每股收益（稀释后）MTUSVNET
| Q4 25 | $-0.34 | — | ||
| Q3 25 | $0.19 | — | ||
| Q2 25 | $0.09 | — | ||
| Q1 25 | $0.03 | — | ||
| Q4 24 | $-0.46 | — | ||
| Q3 24 | $-0.13 | — | ||
| Q2 24 | $0.10 | — | ||
| Q1 24 | $0.52 | — |
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 | $156.7M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $686.0M | $890.8M |
| 总资产 | $1.1B | $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MTUSVNET
| Q4 25 | $156.7M | — | ||
| Q3 25 | $191.5M | $492.1M | ||
| Q2 25 | $190.8M | — | ||
| Q1 25 | $180.3M | $544.3M | ||
| Q4 24 | $240.7M | — | ||
| Q3 24 | $254.6M | $219.5M | ||
| Q2 24 | $272.8M | $247.2M | ||
| Q1 24 | $278.1M | $246.9M |
总债务MTUSVNET
| Q4 25 | — | — | ||
| Q3 25 | $0 | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $5.4M | — | ||
| Q4 24 | $5.4M | — | ||
| Q3 24 | $13.2M | $1.2B | ||
| Q2 24 | $13.2M | — | ||
| Q1 24 | $13.2M | — |
股东权益MTUSVNET
| Q4 25 | $686.0M | — | ||
| Q3 25 | $697.7M | $890.8M | ||
| Q2 25 | $690.0M | — | ||
| Q1 25 | $686.1M | $927.8M | ||
| Q4 24 | $690.5M | — | ||
| Q3 24 | $712.7M | $902.9M | ||
| Q2 24 | $736.3M | $900.6M | ||
| Q1 24 | $739.3M | $895.1M |
总资产MTUSVNET
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | $6.1B | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | $5.4B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $4.3B | ||
| Q2 24 | $1.1B | $4.0B | ||
| Q1 24 | $1.2B | $3.9B |
负债/权益比MTUSVNET
| Q4 25 | — | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | 0.02× | 1.28× | ||
| Q2 24 | 0.02× | — | ||
| Q1 24 | 0.02× | — |
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 | $-1.9M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-37.2M | $-193.1M |
| 自由现金流率自由现金流/营收 | -13.9% | -53.2% |
| 资本支出强度资本支出/营收 | 13.2% | 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 | $-93.0M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流MTUSVNET
| Q4 25 | $-1.9M | — | ||
| Q3 25 | $22.0M | $113.8M | ||
| Q2 25 | $34.8M | — | ||
| Q1 25 | $-38.9M | $27.0M | ||
| Q4 24 | $13.9M | — | ||
| Q3 24 | $-15.3M | $108.3M | ||
| Q2 24 | $8.3M | $55.8M | ||
| Q1 24 | $33.4M | $37.1M |
自由现金流MTUSVNET
| Q4 25 | $-37.2M | — | ||
| Q3 25 | $-6.4M | $-193.1M | ||
| Q2 25 | $17.0M | — | ||
| Q1 25 | $-66.4M | $-220.0M | ||
| Q4 24 | $-1.3M | — | ||
| Q3 24 | $-32.9M | $-95.0M | ||
| Q2 24 | $-5.8M | $-81.6M | ||
| Q1 24 | $16.0M | $-102.2M |
自由现金流率MTUSVNET
| Q4 25 | -13.9% | — | ||
| Q3 25 | -2.1% | -53.2% | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | -23.7% | -71.1% | ||
| Q4 24 | -0.5% | — | ||
| Q3 24 | -14.5% | -31.4% | ||
| Q2 24 | -2.0% | -29.8% | ||
| Q1 24 | 5.0% | -38.9% |
资本支出强度MTUSVNET
| Q4 25 | 13.2% | — | ||
| Q3 25 | 9.3% | 84.6% | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 9.8% | 79.8% | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 7.7% | 67.3% | ||
| Q2 24 | 4.8% | 50.1% | ||
| Q1 24 | 5.4% | 53.0% |
现金转化率MTUSVNET
| Q4 25 | — | — | ||
| Q3 25 | 2.72× | — | ||
| Q2 25 | 9.41× | — | ||
| Q1 25 | -29.92× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.80× | — | ||
| Q1 24 | 1.39× | — |
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
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
VNET
暂无分部数据
