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诺信（NDSN）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
诺信的季度营收约是世纪互联的1.8倍（$669.5M vs $362.7M），诺信净利率更高（19.9% vs -10.7%，领先30.6%），诺信自由现金流更多（$122.9M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 1.4%）
诺信（Nordson Corporation）是总部位于美国的跨国企业，专业设计生产民用及工业场景使用的胶粘剂、密封剂、涂料喷涂设备，同时生产电子元器件检测设备、固化及表面处理技术系统，还布局了医疗设备与组件技术相关业务。
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。
NDSN vs VNET — 直观对比
营收规模更大
NDSN
是对方的1.8倍
$362.7M
净利率更高
NDSN
高出30.6%
-10.7%
自由现金流更多
NDSN
多$316.0M
$-193.1M
两年增速更快
VNET
近两年复合增速
1.4%
损益表 — Q1 FY2027 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $669.5M | $362.7M |
| 净利润 | $133.4M | $-38.7M |
| 毛利率 | 54.7% | 20.9% |
| 营业利润率 | 24.9% | 0.5% |
| 净利率 | 19.9% | -10.7% |
| 营收同比 | 8.8% | — |
| 净利润同比 | 40.9% | — |
| 每股收益（稀释后） | $2.38 | — |
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NDSNVNET
| Q4 26 | $669.5M | — | ||
| Q4 25 | $751.8M | — | ||
| Q3 25 | $741.5M | $362.7M | ||
| Q2 25 | $682.9M | — | ||
| Q1 25 | $615.4M | $309.5M | ||
| Q4 24 | $744.5M | — | ||
| Q3 24 | $661.6M | $302.2M | ||
| Q2 24 | $650.6M | $274.4M |
净利润NDSNVNET
| Q4 26 | $133.4M | — | ||
| Q4 25 | $151.6M | — | ||
| Q3 25 | $125.8M | $-38.7M | ||
| Q2 25 | $112.4M | — | ||
| Q1 25 | $94.7M | $-2.4M | ||
| Q4 24 | $122.2M | — | ||
| Q3 24 | $117.3M | $-2.1M | ||
| Q2 24 | $118.2M | $-1.1M |
毛利率NDSNVNET
| Q4 26 | 54.7% | — | ||
| Q4 25 | 56.3% | — | ||
| Q3 25 | 54.8% | 20.9% | ||
| Q2 25 | 54.7% | — | ||
| Q1 25 | 54.6% | 25.2% | ||
| Q4 24 | 54.1% | — | ||
| Q3 24 | 55.8% | 23.2% | ||
| Q2 24 | 56.2% | 21.3% |
营业利润率NDSNVNET
| Q4 26 | 24.9% | — | ||
| Q4 25 | 28.5% | — | ||
| Q3 25 | 25.3% | 0.5% | ||
| Q2 25 | 24.7% | — | ||
| Q1 25 | 22.9% | 0.1% | ||
| Q4 24 | 24.0% | — | ||
| Q3 24 | 25.3% | 24.5% | ||
| Q2 24 | 25.9% | 0.2% |
净利率NDSNVNET
| Q4 26 | 19.9% | — | ||
| Q4 25 | 20.2% | — | ||
| Q3 25 | 17.0% | -10.7% | ||
| Q2 25 | 16.5% | — | ||
| Q1 25 | 15.4% | -0.8% | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | 17.7% | -0.7% | ||
| Q2 24 | 18.2% | -0.4% |
每股收益（稀释后）NDSNVNET
| Q4 26 | $2.38 | — | ||
| Q4 25 | $2.67 | — | ||
| Q3 25 | $2.22 | — | ||
| Q2 25 | $1.97 | — | ||
| Q1 25 | $1.65 | — | ||
| Q4 24 | $2.12 | — | ||
| Q3 24 | $2.04 | — | ||
| Q2 24 | $2.05 | — |
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 | $120.4M | $492.1M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $3.1B | $890.8M |
| 总资产 | — | $6.1B |
| 负债/权益比越低杠杆越低 | 0.62× | — |
8季度趋势，按日历期对齐
现金及短期投资NDSNVNET
| Q4 26 | $120.4M | — | ||
| Q4 25 | $108.4M | — | ||
| Q3 25 | $147.8M | $492.1M | ||
| Q2 25 | $130.2M | — | ||
| Q1 25 | $130.4M | $544.3M | ||
| Q4 24 | $116.0M | — | ||
| Q3 24 | $165.3M | $219.5M | ||
| Q2 24 | $125.4M | $247.2M |
总债务NDSNVNET
| Q4 26 | $1.9B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.5B | — |
股东权益NDSNVNET
| Q4 26 | $3.1B | — | ||
| Q4 25 | $3.0B | — | ||
| Q3 25 | $3.0B | $890.8M | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $2.9B | $927.8M | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.9B | $902.9M | ||
| Q2 24 | $2.8B | $900.6M |
总资产NDSNVNET
| Q4 26 | — | — | ||
| Q4 25 | $5.9B | — | ||
| Q3 25 | $6.0B | $6.1B | ||
| Q2 25 | $6.1B | — | ||
| Q1 25 | $5.9B | $5.4B | ||
| Q4 24 | $6.0B | — | ||
| Q3 24 | $5.2B | $4.3B | ||
| Q2 24 | $5.2B | $4.0B |
负债/权益比NDSNVNET
| Q4 26 | 0.62× | — | ||
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | 0.74× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | 0.52× | 1.28× | ||
| Q2 24 | 0.55× | — |
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 | $140.4M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $122.9M | $-193.1M |
| 自由现金流率自由现金流/营收 | 18.4% | -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 | 1.05× | — |
| 过去12个月自由现金流最近4个季度 | $646.3M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流NDSNVNET
| Q4 26 | $140.4M | — | ||
| Q4 25 | $202.9M | — | ||
| Q3 25 | $238.0M | $113.8M | ||
| Q2 25 | $119.2M | — | ||
| Q1 25 | $159.1M | $27.0M | ||
| Q4 24 | $96.4M | — | ||
| Q3 24 | $164.8M | $108.3M | ||
| Q2 24 | $122.6M | $55.8M |
自由现金流NDSNVNET
| Q4 26 | $122.9M | — | ||
| Q4 25 | $193.9M | — | ||
| Q3 25 | $226.4M | $-193.1M | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | $137.7M | $-220.0M | ||
| Q4 24 | $75.8M | — | ||
| Q3 24 | $143.0M | $-95.0M | ||
| Q2 24 | $108.2M | $-81.6M |
自由现金流率NDSNVNET
| Q4 26 | 18.4% | — | ||
| Q4 25 | 25.8% | — | ||
| Q3 25 | 30.5% | -53.2% | ||
| Q2 25 | 15.1% | — | ||
| Q1 25 | 22.4% | -71.1% | ||
| Q4 24 | 10.2% | — | ||
| Q3 24 | 21.6% | -31.4% | ||
| Q2 24 | 16.6% | -29.8% |
资本支出强度NDSNVNET
| Q4 26 | — | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.6% | 84.6% | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 3.5% | 79.8% | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 3.3% | 67.3% | ||
| Q2 24 | 2.2% | 50.1% |
现金转化率NDSNVNET
| Q4 26 | 1.05× | — | ||
| Q4 25 | 1.34× | — | ||
| Q3 25 | 1.89× | — | ||
| Q2 25 | 1.06× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 0.79× | — | ||
| Q3 24 | 1.41× | — | ||
| Q2 24 | 1.04× | — |
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
NDSN
| Industrial Precision Solutions | $326.9M | 49% |
| Medical and Fluid Solutions | $193.2M | 29% |
| Advanced Technology Solutions | $149.4M | 22% |
VNET
暂无分部数据
