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OneWater Marine Inc.（ONEW）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
OneWater Marine Inc.的季度营收约是世纪互联的1.2倍（$442.3M vs $362.7M），OneWater Marine Inc.净利率更高（-2.9% vs -10.7%，领先7.7%），过去两年世纪互联的营收复合增速更高（17.4% vs 8.2%）
OneWater Marine Inc.是美国头部休闲船舶零售企业，主营全新及二手船只、游艇、船舶零配件销售，同时提供船只维修保养、配套融资等服务，通过覆盖北美多州的经销商网络服务个人及商业休闲船艇客户。
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。
ONEW vs VNET — 直观对比
营收规模更大
ONEW
是对方的1.2倍
$362.7M
净利率更高
ONEW
高出7.7%
-10.7%
两年增速更快
VNET
近两年复合增速
8.2%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $442.3M | $362.7M |
| 净利润 | $-12.9M | $-38.7M |
| 毛利率 | 23.9% | 20.9% |
| 营业利润率 | 1.7% | 0.5% |
| 净利率 | -2.9% | -10.7% |
| 营收同比 | -8.5% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.78 | — |
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ONEWVNET
| Q2 26 | $442.3M | — | ||
| Q1 26 | $380.6M | — | ||
| Q4 25 | $380.6M | — | ||
| Q3 25 | $460.1M | $362.7M | ||
| Q2 25 | $552.9M | — | ||
| Q1 25 | $483.5M | $309.5M | ||
| Q4 24 | $375.8M | — | ||
| Q3 24 | $377.9M | $302.2M |
净利润ONEWVNET
| Q2 26 | $-12.9M | — | ||
| Q1 26 | $-7.7M | — | ||
| Q4 25 | $-7.7M | — | ||
| Q3 25 | $-113.0M | $-38.7M | ||
| Q2 25 | $10.7M | — | ||
| Q1 25 | $-368.0K | $-2.4M | ||
| Q4 24 | $-12.0M | — | ||
| Q3 24 | $-9.2M | $-2.1M |
毛利率ONEWVNET
| Q2 26 | 23.9% | — | ||
| Q1 26 | 23.5% | — | ||
| Q4 25 | 23.5% | — | ||
| Q3 25 | 22.6% | 20.9% | ||
| Q2 25 | 23.3% | — | ||
| Q1 25 | 22.8% | 25.2% | ||
| Q4 24 | 22.4% | — | ||
| Q3 24 | 24.0% | 23.2% |
营业利润率ONEWVNET
| Q2 26 | 1.7% | — | ||
| Q1 26 | — | — | ||
| Q4 25 | -1.4% | — | ||
| Q3 25 | -28.3% | 0.5% | ||
| Q2 25 | 5.5% | — | ||
| Q1 25 | 3.4% | 0.1% | ||
| Q4 24 | -0.5% | — | ||
| Q3 24 | 1.2% | 24.5% |
净利率ONEWVNET
| Q2 26 | -2.9% | — | ||
| Q1 26 | -2.0% | — | ||
| Q4 25 | -2.0% | — | ||
| Q3 25 | -24.5% | -10.7% | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | -0.1% | -0.8% | ||
| Q4 24 | -3.2% | — | ||
| Q3 24 | -2.4% | -0.7% |
每股收益（稀释后）ONEWVNET
| Q2 26 | $-0.78 | — | ||
| Q1 26 | $-0.47 | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
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 | $269.4M | $890.8M |
| 总资产 | $1.4B | $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ONEWVNET
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $219.5M |
总债务ONEWVNET
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B |
股东权益ONEWVNET
| Q2 26 | $269.4M | — | ||
| Q1 26 | $277.5M | — | ||
| Q4 25 | $277.5M | — | ||
| Q3 25 | $285.0M | $890.8M | ||
| Q2 25 | $393.2M | — | ||
| Q1 25 | $381.6M | $927.8M | ||
| Q4 24 | $354.8M | — | ||
| Q3 24 | $360.8M | $902.9M |
总资产ONEWVNET
| Q2 26 | $1.4B | — | ||
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $6.1B | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.6B | $5.4B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | $4.3B |
负债/权益比ONEWVNET
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× |
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 | — | 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ONEWVNET
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $-76.3M | — | ||
| Q3 25 | $9.9M | $113.8M | ||
| Q2 25 | $90.8M | — | ||
| Q1 25 | $28.5M | $27.0M | ||
| Q4 24 | $-37.4M | — | ||
| Q3 24 | $27.3M | $108.3M |
自由现金流ONEWVNET
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $-78.2M | — | ||
| Q3 25 | $7.2M | $-193.1M | ||
| Q2 25 | $88.9M | — | ||
| Q1 25 | $23.7M | $-220.0M | ||
| Q4 24 | $-40.0M | — | ||
| Q3 24 | $23.2M | $-95.0M |
自由现金流率ONEWVNET
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | -20.6% | — | ||
| Q3 25 | 1.6% | -53.2% | ||
| Q2 25 | 16.1% | — | ||
| Q1 25 | 4.9% | -71.1% | ||
| Q4 24 | -10.7% | — | ||
| Q3 24 | 6.1% | -31.4% |
资本支出强度ONEWVNET
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.6% | 84.6% | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 1.0% | 79.8% | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 1.1% | 67.3% |
现金转化率ONEWVNET
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 8.47× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
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
ONEW
| New boat | $272.0M | 62% |
| Pre-owned boat | $94.4M | 21% |
| Service, parts & other | $61.9M | 14% |
| Finance & insurance income | $14.0M | 3% |
VNET
暂无分部数据
