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ANNALY CAPITAL MANAGEMENT INC（NLY）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
ANNALY CAPITAL MANAGEMENT INC的季度营收约是世纪互联的1.0倍（$366.6M vs $362.7M），ANNALY CAPITAL MANAGEMENT INC净利率更高（276.5% vs -10.7%，领先287.1%），过去两年世纪互联的营收复合增速更高（17.4% vs 14.8%）
Annaly Capital Management是全球规模最大的抵押型房地产投资信托之一，注册地位于美国马里兰州，总部设立于纽约市，专注于抵押类不动产相关资产的投资运营，在北美地产投资领域具备丰富经验与较高市场认可度。
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。
NLY vs VNET — 直观对比
营收规模更大
NLY
是对方的1.0倍
$362.7M
净利率更高
NLY
高出287.1%
-10.7%
两年增速更快
VNET
近两年复合增速
14.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $366.6M | $362.7M |
| 净利润 | $1.0B | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | — | 0.5% |
| 净利率 | 276.5% | -10.7% |
| 营收同比 | 95.7% | — |
| 净利润同比 | 110.2% | — |
| 每股收益（稀释后） | $1.54 | — |
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NLYVNET
| Q4 25 | $366.6M | — | ||
| Q3 25 | $275.8M | $362.7M | ||
| Q2 25 | $273.2M | — | ||
| Q1 25 | $220.0M | $309.5M | ||
| Q4 24 | $187.3M | — | ||
| Q3 24 | — | $302.2M | ||
| Q2 24 | — | $274.4M | ||
| Q1 24 | $-6.5M | $262.9M |
净利润NLYVNET
| Q4 25 | $1.0B | — | ||
| Q3 25 | $832.4M | $-38.7M | ||
| Q2 25 | $57.1M | — | ||
| Q1 25 | $124.2M | $-2.4M | ||
| Q4 24 | $482.1M | — | ||
| Q3 24 | — | $-2.1M | ||
| Q2 24 | — | $-1.1M | ||
| Q1 24 | $462.9M | $-22.0M |
毛利率NLYVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率NLYVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | 22.3% | — | ||
| Q1 25 | 63.0% | 0.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.2% |
净利率NLYVNET
| Q4 25 | 276.5% | — | ||
| Q3 25 | 301.9% | -10.7% | ||
| Q2 25 | 20.9% | — | ||
| Q1 25 | 56.5% | -0.8% | ||
| Q4 24 | 257.4% | — | ||
| Q3 24 | — | -0.7% | ||
| Q2 24 | — | -0.4% | ||
| Q1 24 | -7175.5% | -8.4% |
每股收益（稀释后）NLYVNET
| Q4 25 | $1.54 | — | ||
| Q3 25 | $1.20 | — | ||
| Q2 25 | $0.03 | — | ||
| Q1 25 | $0.15 | — | ||
| Q4 24 | $0.81 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $0.85 | — |
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 | — | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $16.1B | $890.8M |
| 总资产 | $135.6B | $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NLYVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $219.5M | ||
| Q2 24 | — | $247.2M | ||
| Q1 24 | — | $246.9M |
总债务NLYVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NLYVNET
| Q4 25 | $16.1B | — | ||
| Q3 25 | $14.9B | $890.8M | ||
| Q2 25 | $13.4B | — | ||
| Q1 25 | $13.0B | $927.8M | ||
| Q4 24 | $12.6B | — | ||
| Q3 24 | — | $902.9M | ||
| Q2 24 | — | $900.6M | ||
| Q1 24 | $11.4B | $895.1M |
总资产NLYVNET
| Q4 25 | $135.6B | — | ||
| Q3 25 | $125.9B | $6.1B | ||
| Q2 25 | $112.1B | — | ||
| Q1 25 | $105.1B | $5.4B | ||
| Q4 24 | $103.6B | — | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | $91.5B | $3.9B |
负债/权益比NLYVNET
| 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 | $692.9M | $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 | — | 84.6% |
| 现金转化率经营现金流/净利润 | 0.68× | — |
| 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NLYVNET
| Q4 25 | $692.9M | — | ||
| Q3 25 | $24.1M | $113.8M | ||
| Q2 25 | $180.7M | — | ||
| Q1 25 | $-156.3M | $27.0M | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | — | $108.3M | ||
| Q2 24 | — | $55.8M | ||
| Q1 24 | $1.7B | $37.1M |
自由现金流NLYVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率NLYVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度NLYVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率NLYVNET
| Q4 25 | 0.68× | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 3.17× | — | ||
| Q1 25 | -1.26× | — | ||
| Q4 24 | 6.87× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 3.67× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
