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NOVANTA INC（NOVT）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NOVANTA INC的1.4倍（$362.7M vs $258.3M），NOVANTA INC净利率更高（6.8% vs -10.7%，领先17.4%），NOVANTA INC自由现金流更多（$5.1M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 5.8%）
Novanta Inc是一家全球技术供应商，主营高精度光子学、运动控制与机器视觉解决方案，核心服务领域覆盖医疗设备制造、先进工业自动化、机器人及生命科学行业，助力全球客户提升产品性能、推动技术创新。
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。
NOVT vs VNET — 直观对比
营收规模更大
VNET
是对方的1.4倍
$258.3M
净利率更高
NOVT
高出17.4%
-10.7%
自由现金流更多
NOVT
多$198.2M
$-193.1M
两年增速更快
VNET
近两年复合增速
5.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $258.3M | $362.7M |
| 净利润 | $17.5M | $-38.7M |
| 毛利率 | 43.8% | 20.9% |
| 营业利润率 | 9.6% | 0.5% |
| 净利率 | 6.8% | -10.7% |
| 营收同比 | 8.5% | — |
| 净利润同比 | 6.1% | — |
| 每股收益（稀释后） | $0.46 | — |
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NOVTVNET
| Q4 25 | $258.3M | — | ||
| Q3 25 | $247.8M | $362.7M | ||
| Q2 25 | $241.0M | — | ||
| Q1 25 | $233.4M | $309.5M | ||
| Q4 24 | $238.1M | — | ||
| Q3 24 | $244.4M | $302.2M | ||
| Q2 24 | $235.9M | $274.4M | ||
| Q1 24 | $230.9M | $262.9M |
净利润NOVTVNET
| Q4 25 | $17.5M | — | ||
| Q3 25 | $10.7M | $-38.7M | ||
| Q2 25 | $4.5M | — | ||
| Q1 25 | $21.2M | $-2.4M | ||
| Q4 24 | $16.5M | — | ||
| Q3 24 | $19.2M | $-2.1M | ||
| Q2 24 | $13.8M | $-1.1M | ||
| Q1 24 | $14.7M | $-22.0M |
毛利率NOVTVNET
| Q4 25 | 43.8% | — | ||
| Q3 25 | 44.8% | 20.9% | ||
| Q2 25 | 44.3% | — | ||
| Q1 25 | 44.7% | 25.2% | ||
| Q4 24 | 45.5% | — | ||
| Q3 24 | 44.7% | 23.2% | ||
| Q2 24 | 44.0% | 21.3% | ||
| Q1 24 | 43.5% | 21.6% |
营业利润率NOVTVNET
| Q4 25 | 9.6% | — | ||
| Q3 25 | 8.8% | 0.5% | ||
| Q2 25 | 6.2% | — | ||
| Q1 25 | 13.9% | 0.1% | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | 13.3% | 24.5% | ||
| Q2 24 | 10.9% | 0.2% | ||
| Q1 24 | 11.1% | 0.2% |
净利率NOVTVNET
| Q4 25 | 6.8% | — | ||
| Q3 25 | 4.3% | -10.7% | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 9.1% | -0.8% | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 7.9% | -0.7% | ||
| Q2 24 | 5.8% | -0.4% | ||
| Q1 24 | 6.4% | -8.4% |
每股收益（稀释后）NOVTVNET
| Q4 25 | $0.46 | — | ||
| Q3 25 | $0.30 | — | ||
| Q2 25 | $0.12 | — | ||
| Q1 25 | $0.59 | — | ||
| Q4 24 | $0.45 | — | ||
| Q3 24 | $0.53 | — | ||
| Q2 24 | $0.38 | — | ||
| Q1 24 | $0.41 | — |
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 | $380.9M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $890.8M |
| 总资产 | $1.8B | $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NOVTVNET
| Q4 25 | $380.9M | — | ||
| Q3 25 | $89.2M | $492.1M | ||
| Q2 25 | $109.9M | — | ||
| Q1 25 | $106.0M | $544.3M | ||
| Q4 24 | $114.0M | — | ||
| Q3 24 | $92.7M | $219.5M | ||
| Q2 24 | $98.5M | $247.2M | ||
| Q1 24 | $93.5M | $246.9M |
总债务NOVTVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NOVTVNET
| Q4 25 | $1.3B | — | ||
| Q3 25 | $801.5M | $890.8M | ||
| Q2 25 | $801.4M | — | ||
| Q1 25 | $769.8M | $927.8M | ||
| Q4 24 | $745.7M | — | ||
| Q3 24 | $742.2M | $902.9M | ||
| Q2 24 | $702.0M | $900.6M | ||
| Q1 24 | $681.7M | $895.1M |
总资产NOVTVNET
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.5B | $6.1B | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.4B | $5.4B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $4.3B | ||
| Q2 24 | $1.4B | $4.0B | ||
| Q1 24 | $1.4B | $3.9B |
负债/权益比NOVTVNET
| 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 | $8.8M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $5.1M | $-193.1M |
| 自由现金流率自由现金流/营收 | 2.0% | -53.2% |
| 资本支出强度资本支出/营收 | 1.4% | 84.6% |
| 现金转化率经营现金流/净利润 | 0.50× | — |
| 过去12个月自由现金流最近4个季度 | $48.4M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流NOVTVNET
| Q4 25 | $8.8M | — | ||
| Q3 25 | $8.5M | $113.8M | ||
| Q2 25 | $15.1M | — | ||
| Q1 25 | $31.7M | $27.0M | ||
| Q4 24 | $61.6M | — | ||
| Q3 24 | $23.0M | $108.3M | ||
| Q2 24 | $41.1M | $55.8M | ||
| Q1 24 | $32.8M | $37.1M |
自由现金流NOVTVNET
| Q4 25 | $5.1M | — | ||
| Q3 25 | $4.2M | $-193.1M | ||
| Q2 25 | $11.7M | — | ||
| Q1 25 | $27.4M | $-220.0M | ||
| Q4 24 | $59.3M | — | ||
| Q3 24 | $19.5M | $-95.0M | ||
| Q2 24 | $36.2M | $-81.6M | ||
| Q1 24 | $26.4M | $-102.2M |
自由现金流率NOVTVNET
| Q4 25 | 2.0% | — | ||
| Q3 25 | 1.7% | -53.2% | ||
| Q2 25 | 4.8% | — | ||
| Q1 25 | 11.7% | -71.1% | ||
| Q4 24 | 24.9% | — | ||
| Q3 24 | 8.0% | -31.4% | ||
| Q2 24 | 15.3% | -29.8% | ||
| Q1 24 | 11.4% | -38.9% |
资本支出强度NOVTVNET
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.7% | 84.6% | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.8% | 79.8% | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.5% | 67.3% | ||
| Q2 24 | 2.1% | 50.1% | ||
| Q1 24 | 2.8% | 53.0% |
现金转化率NOVTVNET
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.80× | — | ||
| Q2 25 | 3.35× | — | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | 3.74× | — | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 2.99× | — | ||
| Q1 24 | 2.24× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
