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OPENLANE, Inc.（OPLN）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
OPENLANE, Inc.的季度营收约是世纪互联的1.4倍（$494.3M vs $362.7M），OPENLANE, Inc.净利率更高（12.0% vs -10.7%，领先22.7%），OPENLANE, Inc.自由现金流更多（$110.8M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 7.2%）
OPENLANE Inc.是全球领先的数字化汽车批发交易平台运营商，连接汽车经销商、车队运营商、金融机构等卖家与专业买家，提供二手车、租赁到期车辆等的透明高效交易服务，业务覆盖北美、欧洲等全球主要市场。
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。
OPLN vs VNET — 直观对比
营收规模更大
OPLN
是对方的1.4倍
$362.7M
净利率更高
OPLN
高出22.7%
-10.7%
自由现金流更多
OPLN
多$303.9M
$-193.1M
两年增速更快
VNET
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $494.3M | $362.7M |
| 净利润 | $59.5M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 8.6% | 0.5% |
| 净利率 | 12.0% | -10.7% |
| 营收同比 | 8.6% | — |
| 净利润同比 | 13.8% | — |
| 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OPLNVNET
| Q4 25 | $494.3M | — | ||
| Q3 25 | $498.4M | $362.7M | ||
| Q2 25 | $481.7M | — | ||
| Q1 25 | $460.1M | $309.5M | ||
| Q4 24 | $455.0M | — | ||
| Q3 24 | $459.8M | $302.2M | ||
| Q2 24 | $443.8M | $274.4M | ||
| Q1 24 | $429.9M | $262.9M |
净利润OPLNVNET
| Q4 25 | $59.5M | — | ||
| Q3 25 | $47.9M | $-38.7M | ||
| Q2 25 | $33.4M | — | ||
| Q1 25 | $36.9M | $-2.4M | ||
| Q4 24 | $52.3M | — | ||
| Q3 24 | $28.4M | $-2.1M | ||
| Q2 24 | $10.7M | $-1.1M | ||
| Q1 24 | $18.5M | $-22.0M |
毛利率OPLNVNET
| 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OPLNVNET
| Q4 25 | 8.6% | — | ||
| Q3 25 | 11.0% | 0.5% | ||
| Q2 25 | 9.8% | — | ||
| Q1 25 | 11.2% | 0.1% | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | 9.2% | 24.5% | ||
| Q2 24 | 5.4% | 0.2% | ||
| Q1 24 | 8.6% | 0.2% |
净利率OPLNVNET
| Q4 25 | 12.0% | — | ||
| Q3 25 | 9.6% | -10.7% | ||
| Q2 25 | 6.9% | — | ||
| Q1 25 | 8.0% | -0.8% | ||
| Q4 24 | 11.5% | — | ||
| Q3 24 | 6.2% | -0.7% | ||
| Q2 24 | 2.4% | -0.4% | ||
| Q1 24 | 4.3% | -8.4% |
每股收益（稀释后）OPLNVNET
| Q4 25 | $-1.54 | — | ||
| Q3 25 | $0.25 | — | ||
| Q2 25 | $0.15 | — | ||
| Q1 25 | $0.18 | — | ||
| Q4 24 | $0.28 | — | ||
| Q3 24 | $0.12 | — | ||
| Q2 24 | $0.00 | — | ||
| Q1 24 | $0.05 | — |
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 | $141.5M | $492.1M |
| 总债务越低越好 | $550.0M | — |
| 股东权益账面价值 | $1.2B | $890.8M |
| 总资产 | $4.7B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.44× | — |
8季度趋势，按日历期对齐
现金及短期投资OPLNVNET
| Q4 25 | $141.5M | — | ||
| Q3 25 | $119.3M | $492.1M | ||
| Q2 25 | $119.1M | — | ||
| Q1 25 | $220.5M | $544.3M | ||
| Q4 24 | $143.0M | — | ||
| Q3 24 | $132.1M | $219.5M | ||
| Q2 24 | $60.9M | $247.2M | ||
| Q1 24 | $105.2M | $246.9M |
总债务OPLNVNET
| Q4 25 | $550.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $230.7M | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益OPLNVNET
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.4B | $890.8M | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | $927.8M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $902.9M | ||
| Q2 24 | $1.3B | $900.6M | ||
| Q1 24 | $1.3B | $895.1M |
总资产OPLNVNET
| Q4 25 | $4.7B | — | ||
| Q3 25 | $4.8B | $6.1B | ||
| Q2 25 | $4.6B | — | ||
| Q1 25 | $4.8B | $5.4B | ||
| Q4 24 | $4.6B | — | ||
| Q3 24 | $4.6B | $4.3B | ||
| Q2 24 | $4.6B | $4.0B | ||
| Q1 24 | $4.8B | $3.9B |
负债/权益比OPLNVNET
| Q4 25 | 0.44× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.17× | — | ||
| 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 | $125.5M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $110.8M | $-193.1M |
| 自由现金流率自由现金流/营收 | 22.4% | -53.2% |
| 资本支出强度资本支出/营收 | 3.0% | 84.6% |
| 现金转化率经营现金流/净利润 | 2.11× | — |
| 过去12个月自由现金流最近4个季度 | $336.5M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流OPLNVNET
| Q4 25 | $125.5M | — | ||
| Q3 25 | $72.2M | $113.8M | ||
| Q2 25 | $71.6M | — | ||
| Q1 25 | $122.6M | $27.0M | ||
| Q4 24 | $32.7M | — | ||
| Q3 24 | $122.4M | $108.3M | ||
| Q2 24 | $37.5M | $55.8M | ||
| Q1 24 | $100.2M | $37.1M |
自由现金流OPLNVNET
| Q4 25 | $110.8M | — | ||
| Q3 25 | $57.6M | $-193.1M | ||
| Q2 25 | $57.4M | — | ||
| Q1 25 | $110.7M | $-220.0M | ||
| Q4 24 | $18.7M | — | ||
| Q3 24 | $109.3M | $-95.0M | ||
| Q2 24 | $24.5M | $-81.6M | ||
| Q1 24 | $87.3M | $-102.2M |
自由现金流率OPLNVNET
| Q4 25 | 22.4% | — | ||
| Q3 25 | 11.6% | -53.2% | ||
| Q2 25 | 11.9% | — | ||
| Q1 25 | 24.1% | -71.1% | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 23.8% | -31.4% | ||
| Q2 24 | 5.5% | -29.8% | ||
| Q1 24 | 20.3% | -38.9% |
资本支出强度OPLNVNET
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.9% | 84.6% | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 2.6% | 79.8% | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 2.8% | 67.3% | ||
| Q2 24 | 2.9% | 50.1% | ||
| Q1 24 | 3.0% | 53.0% |
现金转化率OPLNVNET
| Q4 25 | 2.11× | — | ||
| Q3 25 | 1.51× | — | ||
| Q2 25 | 2.14× | — | ||
| Q1 25 | 3.32× | — | ||
| Q4 24 | 0.63× | — | ||
| Q3 24 | 4.31× | — | ||
| Q2 24 | 3.50× | — | ||
| Q1 24 | 5.42× | — |
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
OPLN
| Marketplace | $384.7M | 78% |
| Finance | $109.6M | 22% |
VNET
暂无分部数据
