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NEWMARKET CORP（NEU）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
NEWMARKET CORP的季度营收约是世纪互联的1.8倍（$669.7M vs $362.7M），NEWMARKET CORP净利率更高（17.6% vs -10.7%，领先28.3%），过去两年世纪互联的营收复合增速更高（17.4% vs -2.9%）
Newmarket Corporation是美国上市企业，主营业务服务于石油添加剂行业，总部位于弗吉尼亚州里士满，业务布局覆盖北美、拉美、欧洲、中东及亚太地区，其前身为1887年成立的阿尔伯马尔造纸制造公司。
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。
NEU vs VNET — 直观对比
营收规模更大
NEU
是对方的1.8倍
$362.7M
净利率更高
NEU
高出28.3%
-10.7%
两年增速更快
VNET
近两年复合增速
-2.9%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $669.7M | $362.7M |
| 净利润 | $118.1M | $-38.7M |
| 毛利率 | 33.0% | 20.9% |
| 营业利润率 | 21.4% | 0.5% |
| 净利率 | 17.6% | -10.7% |
| 营收同比 | -4.5% | — |
| 净利润同比 | -6.3% | — |
| 每股收益（稀释后） | $12.62 | — |
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NEUVNET
| Q1 26 | $669.7M | — | ||
| Q4 25 | $635.4M | — | ||
| Q3 25 | $690.3M | $362.7M | ||
| Q2 25 | $698.5M | — | ||
| Q1 25 | $700.9M | $309.5M | ||
| Q4 24 | $654.6M | — | ||
| Q3 24 | $724.9M | $302.2M | ||
| Q2 24 | $710.2M | $274.4M |
净利润NEUVNET
| Q1 26 | $118.1M | — | ||
| Q4 25 | $81.3M | — | ||
| Q3 25 | $100.3M | $-38.7M | ||
| Q2 25 | $111.2M | — | ||
| Q1 25 | $125.9M | $-2.4M | ||
| Q4 24 | $110.7M | — | ||
| Q3 24 | $132.3M | $-2.1M | ||
| Q2 24 | $111.6M | $-1.1M |
毛利率NEUVNET
| Q1 26 | 33.0% | — | ||
| Q4 25 | 30.0% | — | ||
| Q3 25 | 30.4% | 20.9% | ||
| Q2 25 | 31.6% | — | ||
| Q1 25 | 33.7% | 25.2% | ||
| Q4 24 | 31.7% | — | ||
| Q3 24 | 33.6% | 23.2% | ||
| Q2 24 | 30.8% | 21.3% |
营业利润率NEUVNET
| Q1 26 | 21.4% | — | ||
| Q4 25 | 17.3% | — | ||
| Q3 25 | 18.9% | 0.5% | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | 22.8% | 0.1% | ||
| Q4 24 | 20.3% | — | ||
| Q3 24 | 23.4% | 24.5% | ||
| Q2 24 | 20.7% | 0.2% |
净利率NEUVNET
| Q1 26 | 17.6% | — | ||
| Q4 25 | 12.8% | — | ||
| Q3 25 | 14.5% | -10.7% | ||
| Q2 25 | 15.9% | — | ||
| Q1 25 | 18.0% | -0.8% | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 18.3% | -0.7% | ||
| Q2 24 | 15.7% | -0.4% |
每股收益（稀释后）NEUVNET
| Q1 26 | $12.62 | — | ||
| Q4 25 | $8.67 | — | ||
| Q3 25 | $10.67 | — | ||
| Q2 25 | $11.84 | — | ||
| Q1 25 | $13.26 | — | ||
| Q4 24 | $11.57 | — | ||
| Q3 24 | $13.79 | — | ||
| Q2 24 | $11.63 | — |
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 | $73.2M | $492.1M |
| 总债务越低越好 | $939.6M | — |
| 股东权益账面价值 | $1.7B | $890.8M |
| 总资产 | $3.5B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资NEUVNET
| Q1 26 | $73.2M | — | ||
| Q4 25 | $77.6M | — | ||
| Q3 25 | $102.5M | $492.1M | ||
| Q2 25 | $70.3M | — | ||
| Q1 25 | $118.3M | $544.3M | ||
| Q4 24 | $77.5M | — | ||
| Q3 24 | $80.3M | $219.5M | ||
| Q2 24 | $87.6M | $247.2M |
总债务NEUVNET
| Q1 26 | $939.6M | — | ||
| Q4 25 | $883.4M | — | ||
| Q3 25 | $783.1M | — | ||
| Q2 25 | $841.8M | — | ||
| Q1 25 | $990.6M | — | ||
| Q4 24 | $971.3M | — | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.2B | — |
股东权益NEUVNET
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | $890.8M | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | $927.8M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.4B | $902.9M | ||
| Q2 24 | $1.2B | $900.6M |
总资产NEUVNET
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.2B | $6.1B | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | $5.4B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.2B | $4.3B | ||
| Q2 24 | $3.2B | $4.0B |
负债/权益比NEUVNET
| Q1 26 | 0.54× | — | ||
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.80× | 1.28× | ||
| Q2 24 | 0.95× | — |
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 | 3.6% | 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 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流NEUVNET
| Q1 26 | — | — | ||
| Q4 25 | $145.2M | — | ||
| Q3 25 | $142.4M | $113.8M | ||
| Q2 25 | $161.1M | — | ||
| Q1 25 | $120.3M | $27.0M | ||
| Q4 24 | $185.2M | — | ||
| Q3 24 | $116.6M | $108.3M | ||
| Q2 24 | $115.0M | $55.8M |
自由现金流NEUVNET
| Q1 26 | — | — | ||
| Q4 25 | $117.2M | — | ||
| Q3 25 | $122.1M | $-193.1M | ||
| Q2 25 | $144.8M | — | ||
| Q1 25 | $107.3M | $-220.0M | ||
| Q4 24 | $170.6M | — | ||
| Q3 24 | $102.4M | $-95.0M | ||
| Q2 24 | $100.0M | $-81.6M |
自由现金流率NEUVNET
| Q1 26 | — | — | ||
| Q4 25 | 18.4% | — | ||
| Q3 25 | 17.7% | -53.2% | ||
| Q2 25 | 20.7% | — | ||
| Q1 25 | 15.3% | -71.1% | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 14.1% | -31.4% | ||
| Q2 24 | 14.1% | -29.8% |
资本支出强度NEUVNET
| Q1 26 | 3.6% | — | ||
| Q4 25 | 4.4% | — | ||
| Q3 25 | 2.9% | 84.6% | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 1.9% | 79.8% | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 2.0% | 67.3% | ||
| Q2 24 | 2.1% | 50.1% |
现金转化率NEUVNET
| Q1 26 | — | — | ||
| Q4 25 | 1.79× | — | ||
| Q3 25 | 1.42× | — | ||
| Q2 25 | 1.45× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 1.67× | — | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | 1.03× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
