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New Fortress Energy Inc.（NFE）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New Fortress Energy Inc.的1.1倍（$362.7M vs $326.2M），世纪互联净利率更高（-10.7% vs -259.7%，领先249.0%），New Fortress Energy Inc.自由现金流更多（$-134.8M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -26.8%）
New Fortress Energy Inc.是一家全球能源基础设施企业，主要开发、持有并运营液化天然气进出口终端、天然气供应网络及低碳能源项目，服务美洲、加勒比地区客户，致力于提供低成本、低排放的能源解决方案。
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。
NFE vs VNET — 直观对比
营收规模更大
VNET
是对方的1.1倍
$326.2M
净利率更高
VNET
高出249.0%
-259.7%
自由现金流更多
NFE
多$58.3M
$-193.1M
两年增速更快
VNET
近两年复合增速
-26.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $326.2M | $362.7M |
| 净利润 | $-847.1M | $-38.7M |
| 毛利率 | 35.5% | 20.9% |
| 营业利润率 | -193.0% | 0.5% |
| 净利率 | -259.7% | -10.7% |
| 营收同比 | -7.0% | — |
| 净利润同比 | -277.4% | — |
| 每股收益（稀释后） | $-3.03 | — |
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NFEVNET
| Q4 25 | $326.2M | — | ||
| Q3 25 | $240.3M | $362.7M | ||
| Q2 25 | $228.1M | — | ||
| Q1 25 | $384.9M | $309.5M | ||
| Q4 24 | $350.7M | — | ||
| Q3 24 | $446.0M | $302.2M | ||
| Q2 24 | $291.2M | $274.4M | ||
| Q1 24 | $609.5M | $262.9M |
净利润NFEVNET
| Q4 25 | $-847.1M | — | ||
| Q3 25 | $-263.0M | $-38.7M | ||
| Q2 25 | $-546.5M | — | ||
| Q1 25 | $-175.4M | $-2.4M | ||
| Q4 24 | $-224.4M | — | ||
| Q3 24 | $9.3M | $-2.1M | ||
| Q2 24 | $-88.9M | $-1.1M | ||
| Q1 24 | $54.1M | $-22.0M |
毛利率NFEVNET
| Q4 25 | 35.5% | — | ||
| Q3 25 | 18.1% | 20.9% | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 21.4% | 25.2% | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 27.1% | 23.2% | ||
| Q2 24 | 23.8% | 21.3% | ||
| Q1 24 | 62.4% | 21.6% |
营业利润率NFEVNET
| Q4 25 | -193.0% | — | ||
| Q3 25 | -37.4% | 0.5% | ||
| Q2 25 | -170.3% | — | ||
| Q1 25 | -3.3% | 0.1% | ||
| Q4 24 | 65.0% | — | ||
| Q3 24 | 17.8% | 24.5% | ||
| Q2 24 | 12.3% | 0.2% | ||
| Q1 24 | 30.4% | 0.2% |
净利率NFEVNET
| Q4 25 | -259.7% | — | ||
| Q3 25 | -109.4% | -10.7% | ||
| Q2 25 | -239.6% | — | ||
| Q1 25 | -45.6% | -0.8% | ||
| Q4 24 | -64.0% | — | ||
| Q3 24 | 2.1% | -0.7% | ||
| Q2 24 | -30.5% | -0.4% | ||
| Q1 24 | 8.9% | -8.4% |
每股收益（稀释后）NFEVNET
| Q4 25 | $-3.03 | — | ||
| Q3 25 | $-0.96 | — | ||
| Q2 25 | $-1.99 | — | ||
| Q1 25 | $-0.65 | — | ||
| Q4 24 | $-1.10 | — | ||
| Q3 24 | $0.03 | — | ||
| Q2 24 | $-0.42 | — | ||
| Q1 24 | $0.23 | — |
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 | $226.5M | $492.1M |
| 总债务越低越好 | $8.2B | — |
| 股东权益账面价值 | $182.6M | $890.8M |
| 总资产 | $10.6B | $6.1B |
| 负债/权益比越低杠杆越低 | 44.78× | — |
8季度趋势，按日历期对齐
现金及短期投资NFEVNET
| Q4 25 | $226.5M | — | ||
| Q3 25 | $145.2M | $492.1M | ||
| Q2 25 | $551.1M | — | ||
| Q1 25 | $447.9M | $544.3M | ||
| Q4 24 | $492.9M | — | ||
| Q3 24 | $90.8M | $219.5M | ||
| Q2 24 | $133.0M | $247.2M | ||
| Q1 24 | $143.5M | $246.9M |
总债务NFEVNET
| Q4 25 | $8.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.9B | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NFEVNET
| Q4 25 | $182.6M | — | ||
| Q3 25 | $1.1B | $890.8M | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.8B | $927.8M | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.6B | $902.9M | ||
| Q2 24 | $1.6B | $900.6M | ||
| Q1 24 | $1.7B | $895.1M |
总资产NFEVNET
| Q4 25 | $10.6B | — | ||
| Q3 25 | $12.0B | $6.1B | ||
| Q2 25 | $12.0B | — | ||
| Q1 25 | $13.1B | $5.4B | ||
| Q4 24 | $12.9B | — | ||
| Q3 24 | $12.0B | $4.3B | ||
| Q2 24 | $11.4B | $4.0B | ||
| Q1 24 | $10.9B | $3.9B |
负债/权益比NFEVNET
| Q4 25 | 44.78× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.74× | — | ||
| 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 | $-76.2M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-134.8M | $-193.1M |
| 自由现金流率自由现金流/营收 | -41.3% | -53.2% |
| 资本支出强度资本支出/营收 | 18.0% | 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 | $-1.4B | $-589.7M |
8季度趋势，按日历期对齐
经营现金流NFEVNET
| Q4 25 | $-76.2M | — | ||
| Q3 25 | $-171.0M | $113.8M | ||
| Q2 25 | $-329.0M | — | ||
| Q1 25 | $-7.2M | $27.0M | ||
| Q4 24 | $445.3M | — | ||
| Q3 24 | $-20.0M | $108.3M | ||
| Q2 24 | $113.9M | $55.8M | ||
| Q1 24 | $63.0M | $37.1M |
自由现金流NFEVNET
| Q4 25 | $-134.8M | — | ||
| Q3 25 | $-231.6M | $-193.1M | ||
| Q2 25 | $-726.7M | — | ||
| Q1 25 | $-262.3M | $-220.0M | ||
| Q4 24 | $-210.3M | — | ||
| Q3 24 | $-367.0M | $-95.0M | ||
| Q2 24 | $-493.2M | $-81.6M | ||
| Q1 24 | $-457.9M | $-102.2M |
自由现金流率NFEVNET
| Q4 25 | -41.3% | — | ||
| Q3 25 | -96.4% | -53.2% | ||
| Q2 25 | -318.6% | — | ||
| Q1 25 | -68.2% | -71.1% | ||
| Q4 24 | -60.0% | — | ||
| Q3 24 | -82.3% | -31.4% | ||
| Q2 24 | -169.3% | -29.8% | ||
| Q1 24 | -75.1% | -38.9% |
资本支出强度NFEVNET
| Q4 25 | 18.0% | — | ||
| Q3 25 | 25.2% | 84.6% | ||
| Q2 25 | 174.4% | — | ||
| Q1 25 | 66.3% | 79.8% | ||
| Q4 24 | 187.0% | — | ||
| Q3 24 | 77.8% | 67.3% | ||
| Q2 24 | 208.4% | 50.1% | ||
| Q1 24 | 85.5% | 53.0% |
现金转化率NFEVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -2.15× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.16× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
