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ONESPAWORLD HOLDINGS Ltd（OSW）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ONESPAWORLD HOLDINGS Ltd的1.5倍（$362.7M vs $242.1M），ONESPAWORLD HOLDINGS Ltd净利率更高（5.0% vs -10.7%，领先15.6%），ONESPAWORLD HOLDINGS Ltd自由现金流更多（$14.9M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 7.1%）
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。
OSW vs VNET — 直观对比
营收规模更大
VNET
是对方的1.5倍
$242.1M
净利率更高
OSW
高出15.6%
-10.7%
自由现金流更多
OSW
多$208.0M
$-193.1M
两年增速更快
VNET
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.1M | $362.7M |
| 净利润 | $12.1M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 6.8% | 0.5% |
| 净利率 | 5.0% | -10.7% |
| 营收同比 | 11.5% | — |
| 净利润同比 | -16.2% | — |
| 每股收益（稀释后） | $0.12 | — |
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OSWVNET
| Q4 25 | $242.1M | — | ||
| Q3 25 | $258.5M | $362.7M | ||
| Q2 25 | $240.7M | — | ||
| Q1 25 | $219.6M | $309.5M | ||
| Q4 24 | $217.2M | — | ||
| Q3 24 | $241.7M | $302.2M | ||
| Q2 24 | $224.9M | $274.4M | ||
| Q1 24 | $211.2M | $262.9M |
净利润OSWVNET
| Q4 25 | $12.1M | — | ||
| Q3 25 | $24.3M | $-38.7M | ||
| Q2 25 | $19.9M | — | ||
| Q1 25 | $15.3M | $-2.4M | ||
| Q4 24 | $14.4M | — | ||
| Q3 24 | $21.6M | $-2.1M | ||
| Q2 24 | $15.8M | $-1.1M | ||
| Q1 24 | $21.2M | $-22.0M |
毛利率OSWVNET
| 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OSWVNET
| Q4 25 | 6.8% | — | ||
| Q3 25 | 10.2% | 0.5% | ||
| Q2 25 | 9.2% | — | ||
| Q1 25 | 7.7% | 0.1% | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 10.3% | 24.5% | ||
| Q2 24 | 8.4% | 0.2% | ||
| Q1 24 | 8.0% | 0.2% |
净利率OSWVNET
| Q4 25 | 5.0% | — | ||
| Q3 25 | 9.4% | -10.7% | ||
| Q2 25 | 8.3% | — | ||
| Q1 25 | 7.0% | -0.8% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 8.9% | -0.7% | ||
| Q2 24 | 7.0% | -0.4% | ||
| Q1 24 | 10.0% | -8.4% |
每股收益（稀释后）OSWVNET
| Q4 25 | $0.12 | — | ||
| Q3 25 | $0.23 | — | ||
| Q2 25 | $0.19 | — | ||
| Q1 25 | $0.15 | — | ||
| Q4 24 | $0.13 | — | ||
| Q3 24 | $0.20 | — | ||
| Q2 24 | $0.15 | — | ||
| Q1 24 | $0.21 | — |
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 | $16.3M | $492.1M |
| 总债务越低越好 | $84.0M | — |
| 股东权益账面价值 | $542.6M | $890.8M |
| 总资产 | $707.1M | $6.1B |
| 负债/权益比越低杠杆越低 | 0.15× | — |
8季度趋势，按日历期对齐
现金及短期投资OSWVNET
| Q4 25 | $16.3M | — | ||
| Q3 25 | $29.6M | $492.1M | ||
| Q2 25 | $35.0M | — | ||
| Q1 25 | $22.6M | $544.3M | ||
| Q4 24 | $57.4M | — | ||
| Q3 24 | $48.8M | $219.5M | ||
| Q2 24 | $62.5M | $247.2M | ||
| Q1 24 | $65.4M | $246.9M |
总债务OSWVNET
| Q4 25 | $84.0M | — | ||
| Q3 25 | $85.2M | — | ||
| Q2 25 | $96.2M | — | ||
| Q1 25 | $97.4M | — | ||
| Q4 24 | $98.6M | — | ||
| Q3 24 | $98.7M | $1.2B | ||
| Q2 24 | $123.8M | — | ||
| Q1 24 | $138.6M | — |
股东权益OSWVNET
| Q4 25 | $542.6M | — | ||
| Q3 25 | $552.8M | $890.8M | ||
| Q2 25 | $548.3M | — | ||
| Q1 25 | $530.6M | $927.8M | ||
| Q4 24 | $554.5M | — | ||
| Q3 24 | $540.1M | $902.9M | ||
| Q2 24 | $532.7M | $900.6M | ||
| Q1 24 | $515.5M | $895.1M |
总资产OSWVNET
| Q4 25 | $707.1M | — | ||
| Q3 25 | $732.6M | $6.1B | ||
| Q2 25 | $731.8M | — | ||
| Q1 25 | $708.7M | $5.4B | ||
| Q4 24 | $746.4M | — | ||
| Q3 24 | $734.0M | $4.3B | ||
| Q2 24 | $756.8M | $4.0B | ||
| Q1 24 | $763.6M | $3.9B |
负债/权益比OSWVNET
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.18× | 1.28× | ||
| Q2 24 | 0.23× | — | ||
| Q1 24 | 0.27× | — |
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 | $20.0M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $14.9M | $-193.1M |
| 自由现金流率自由现金流/营收 | 6.2% | -53.2% |
| 资本支出强度资本支出/营收 | 2.1% | 84.6% |
| 现金转化率经营现金流/净利润 | 1.65× | — |
| 过去12个月自由现金流最近4个季度 | $68.4M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流OSWVNET
| Q4 25 | $20.0M | — | ||
| Q3 25 | $33.2M | $113.8M | ||
| Q2 25 | $20.3M | — | ||
| Q1 25 | $10.1M | $27.0M | ||
| Q4 24 | $16.6M | — | ||
| Q3 24 | $28.6M | $108.3M | ||
| Q2 24 | $18.7M | $55.8M | ||
| Q1 24 | $15.0M | $37.1M |
自由现金流OSWVNET
| Q4 25 | $14.9M | — | ||
| Q3 25 | $27.6M | $-193.1M | ||
| Q2 25 | $17.6M | — | ||
| Q1 25 | $8.4M | $-220.0M | ||
| Q4 24 | $13.2M | — | ||
| Q3 24 | $27.5M | $-95.0M | ||
| Q2 24 | $17.6M | $-81.6M | ||
| Q1 24 | $13.7M | $-102.2M |
自由现金流率OSWVNET
| Q4 25 | 6.2% | — | ||
| Q3 25 | 10.7% | -53.2% | ||
| Q2 25 | 7.3% | — | ||
| Q1 25 | 3.8% | -71.1% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 11.4% | -31.4% | ||
| Q2 24 | 7.8% | -29.8% | ||
| Q1 24 | 6.5% | -38.9% |
资本支出强度OSWVNET
| Q4 25 | 2.1% | — | ||
| Q3 25 | 2.2% | 84.6% | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 0.8% | 79.8% | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 0.5% | 67.3% | ||
| Q2 24 | 0.5% | 50.1% | ||
| Q1 24 | 0.6% | 53.0% |
现金转化率OSWVNET
| Q4 25 | 1.65× | — | ||
| Q3 25 | 1.36× | — | ||
| Q2 25 | 1.02× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 1.19× | — | ||
| Q1 24 | 0.71× | — |
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
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
VNET
暂无分部数据
