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Opendoor Technologies Inc.（OPEN）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
Opendoor Technologies Inc.的季度营收约是世纪互联的2.0倍（$720.0M vs $362.7M），世纪互联净利率更高（-10.7% vs -24.0%，领先13.4%），过去两年世纪互联的营收复合增速更高（17.4% vs -31.0%）
Opendoor Technologies Inc.是一家主营住宅房地产买卖的线上企业，总部位于旧金山。平台可通过线上流程向房主提供房屋即时现金报价，收购房产后进行修缮再重新挂牌出售，同时还提供基于移动端应用的购房服务及配套融资方案，截至2021年11月业务覆盖美国44个区域市场。
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。
OPEN vs VNET — 直观对比
营收规模更大
OPEN
是对方的2.0倍
$362.7M
净利率更高
VNET
高出13.4%
-24.0%
两年增速更快
VNET
近两年复合增速
-31.0%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $720.0M | $362.7M |
| 净利润 | $-173.0M | $-38.7M |
| 毛利率 | 10.0% | 20.9% |
| 营业利润率 | 67.9% | 0.5% |
| 净利率 | -24.0% | -10.7% |
| 营收同比 | -37.6% | — |
| 净利润同比 | -103.5% | — |
| 每股收益（稀释后） | $-0.18 | — |
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OPENVNET
| Q1 26 | $720.0M | — | ||
| Q4 25 | $736.0M | — | ||
| Q3 25 | $915.0M | $362.7M | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.2B | $309.5M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.4B | $302.2M | ||
| Q2 24 | $1.5B | $274.4M |
净利润OPENVNET
| Q1 26 | $-173.0M | — | ||
| Q4 25 | $-1.1B | — | ||
| Q3 25 | $-90.0M | $-38.7M | ||
| Q2 25 | $-29.0M | — | ||
| Q1 25 | $-85.0M | $-2.4M | ||
| Q4 24 | $-113.0M | — | ||
| Q3 24 | $-78.0M | $-2.1M | ||
| Q2 24 | $-92.0M | $-1.1M |
毛利率OPENVNET
| Q1 26 | 10.0% | — | ||
| Q4 25 | 7.7% | — | ||
| Q3 25 | 7.2% | 20.9% | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 8.6% | 25.2% | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 7.6% | 23.2% | ||
| Q2 24 | 8.5% | 21.3% |
营业利润率OPENVNET
| Q1 26 | 67.9% | — | ||
| Q4 25 | -20.4% | — | ||
| Q3 25 | -7.4% | 0.5% | ||
| Q2 25 | -0.8% | — | ||
| Q1 25 | -4.9% | 0.1% | ||
| Q4 24 | -8.7% | — | ||
| Q3 24 | -4.9% | 24.5% | ||
| Q2 24 | -4.8% | 0.2% |
净利率OPENVNET
| Q1 26 | -24.0% | — | ||
| Q4 25 | -148.9% | — | ||
| Q3 25 | -9.8% | -10.7% | ||
| Q2 25 | -1.9% | — | ||
| Q1 25 | -7.4% | -0.8% | ||
| Q4 24 | -10.4% | — | ||
| Q3 24 | -5.7% | -0.7% | ||
| Q2 24 | -6.1% | -0.4% |
每股收益（稀释后）OPENVNET
| Q1 26 | $-0.18 | — | ||
| Q4 25 | $-1.42 | — | ||
| Q3 25 | $-0.12 | — | ||
| Q2 25 | $-0.04 | — | ||
| Q1 25 | $-0.12 | — | ||
| Q4 24 | $-0.16 | — | ||
| Q3 24 | $-0.11 | — | ||
| Q2 24 | $-0.13 | — |
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 | $999.0M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $954.0M | $890.8M |
| 总资产 | $2.3B | $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OPENVNET
| Q1 26 | $999.0M | — | ||
| Q4 25 | $962.0M | — | ||
| Q3 25 | $962.0M | $492.1M | ||
| Q2 25 | $789.0M | — | ||
| Q1 25 | $559.0M | $544.3M | ||
| Q4 24 | $679.0M | — | ||
| Q3 24 | $837.0M | $219.5M | ||
| Q2 24 | $809.0M | $247.2M |
总债务OPENVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益OPENVNET
| Q1 26 | $954.0M | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $811.0M | $890.8M | ||
| Q2 25 | $631.0M | — | ||
| Q1 25 | $645.0M | $927.8M | ||
| Q4 24 | $713.0M | — | ||
| Q3 24 | $801.0M | $902.9M | ||
| Q2 24 | $845.0M | $900.6M |
总资产OPENVNET
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.7B | $6.1B | ||
| Q2 25 | $2.9B | — | ||
| Q1 25 | $3.3B | $5.4B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.4B | $4.3B | ||
| Q2 24 | $3.4B | $4.0B |
负债/权益比OPENVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 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 | $-246.0M | $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OPENVNET
| Q1 26 | $-246.0M | — | ||
| Q4 25 | $70.0M | — | ||
| Q3 25 | $435.0M | $113.8M | ||
| Q2 25 | $823.0M | — | ||
| Q1 25 | $-279.0M | $27.0M | ||
| Q4 24 | $-80.0M | — | ||
| Q3 24 | $62.0M | $108.3M | ||
| Q2 24 | $-399.0M | $55.8M |
自由现金流OPENVNET
| Q1 26 | — | — | ||
| Q4 25 | $67.0M | — | ||
| Q3 25 | $432.0M | $-193.1M | ||
| Q2 25 | $821.0M | — | ||
| Q1 25 | $-283.0M | $-220.0M | ||
| Q4 24 | $-83.0M | — | ||
| Q3 24 | $56.0M | $-95.0M | ||
| Q2 24 | $-407.0M | $-81.6M |
自由现金流率OPENVNET
| Q1 26 | — | — | ||
| Q4 25 | 9.1% | — | ||
| Q3 25 | 47.2% | -53.2% | ||
| Q2 25 | 52.4% | — | ||
| Q1 25 | -24.5% | -71.1% | ||
| Q4 24 | -7.7% | — | ||
| Q3 24 | 4.1% | -31.4% | ||
| Q2 24 | -26.9% | -29.8% |
资本支出强度OPENVNET
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | 84.6% | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.3% | 79.8% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.4% | 67.3% | ||
| Q2 24 | 0.5% | 50.1% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
