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Oatly Group AB（OTLY）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
Oatly Group AB的季度营收约是世纪互联的1.3倍（$456.6M vs $362.7M），世纪互联净利率更高（-10.7% vs -18.5%，领先7.9%），Oatly Group AB自由现金流更多（$-11.3M vs $-193.1M）
Oatly Group AB是源自瑞典的食品企业，90年代依托隆德大学的研究成果创立，总部设于马尔默，在兰斯克鲁纳拥有研发与生产中心。该公司主打燕麦基乳制品替代产品，其中燕麦乳最为知名，目前在美国证券市场公开上市。
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。
OTLY vs VNET — 直观对比
营收规模更大
OTLY
是对方的1.3倍
$362.7M
净利率更高
VNET
高出7.9%
-18.5%
自由现金流更多
OTLY
多$181.7M
$-193.1M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $456.6M | $362.7M |
| 净利润 | $-84.6M | $-38.7M |
| 毛利率 | 32.2% | 20.9% |
| 营业利润率 | -5.9% | 0.5% |
| 净利率 | -18.5% | -10.7% |
| 营收同比 | 8.1% | — |
| 净利润同比 | 32.8% | — |
| 每股收益（稀释后） | $-0.14 | — |
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OTLYVNET
| Q4 25 | $456.6M | — | ||
| Q3 25 | — | $362.7M | ||
| Q2 25 | $208.4M | — | ||
| Q1 25 | — | $309.5M | ||
| Q4 24 | $422.3M | — | ||
| Q3 24 | — | $302.2M | ||
| Q2 24 | $202.2M | $274.4M | ||
| Q1 24 | — | $262.9M |
净利润OTLYVNET
| Q4 25 | $-84.6M | — | ||
| Q3 25 | — | $-38.7M | ||
| Q2 25 | $-55.9M | — | ||
| Q1 25 | — | $-2.4M | ||
| Q4 24 | $-126.0M | — | ||
| Q3 24 | — | $-2.1M | ||
| Q2 24 | $-30.4M | $-1.1M | ||
| Q1 24 | — | $-22.0M |
毛利率OTLYVNET
| Q4 25 | 32.2% | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | 32.5% | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | 29.3% | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | 29.2% | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率OTLYVNET
| Q4 25 | -5.9% | — | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | -10.6% | — | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | -28.1% | — | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | -19.3% | 0.2% | ||
| Q1 24 | — | 0.2% |
净利率OTLYVNET
| Q4 25 | -18.5% | — | ||
| Q3 25 | — | -10.7% | ||
| Q2 25 | -26.9% | — | ||
| Q1 25 | — | -0.8% | ||
| Q4 24 | -29.8% | — | ||
| Q3 24 | — | -0.7% | ||
| Q2 24 | -15.1% | -0.4% | ||
| Q1 24 | — | -8.4% |
每股收益（稀释后）OTLYVNET
| Q4 25 | $-0.14 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-0.09 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-0.21 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-0.05 | — | ||
| Q1 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 | $64.3M | $492.1M |
| 总债务越低越好 | $523.0M | — |
| 股东权益账面价值 | $19.7M | $890.8M |
| 总资产 | $787.2M | $6.1B |
| 负债/权益比越低杠杆越低 | 26.59× | — |
8季度趋势，按日历期对齐
现金及短期投资OTLYVNET
| Q4 25 | $64.3M | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | $67.9M | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | $98.9M | — | ||
| Q3 24 | — | $219.5M | ||
| Q2 24 | $142.7M | $247.2M | ||
| Q1 24 | — | $246.9M |
总债务OTLYVNET
| Q4 25 | $523.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $120.6M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $446.4M | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益OTLYVNET
| Q4 25 | $19.7M | — | ||
| Q3 25 | — | $890.8M | ||
| Q2 25 | $96.7M | — | ||
| Q1 25 | — | $927.8M | ||
| Q4 24 | $106.1M | — | ||
| Q3 24 | — | $902.9M | ||
| Q2 24 | $245.8M | $900.6M | ||
| Q1 24 | — | $895.1M |
总资产OTLYVNET
| Q4 25 | $787.2M | — | ||
| Q3 25 | — | $6.1B | ||
| Q2 25 | $803.1M | — | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | $804.0M | — | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | — | $3.9B |
负债/权益比OTLYVNET
| Q4 25 | 26.59× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.25× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.21× | — | ||
| 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 | $-8.7M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-11.3M | $-193.1M |
| 自由现金流率自由现金流/营收 | -2.5% | -53.2% |
| 资本支出强度资本支出/营收 | 0.6% | 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 | $-189.7M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流OTLYVNET
| Q4 25 | $-8.7M | — | ||
| Q3 25 | — | $113.8M | ||
| Q2 25 | $-15.0M | — | ||
| Q1 25 | — | $27.0M | ||
| Q4 24 | $-28.4M | — | ||
| Q3 24 | — | $108.3M | ||
| Q2 24 | $-86.0M | $55.8M | ||
| Q1 24 | — | $37.1M |
自由现金流OTLYVNET
| Q4 25 | $-11.3M | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | $-24.8M | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | $-47.9M | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | $-105.7M | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率OTLYVNET
| Q4 25 | -2.5% | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | -11.9% | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | -11.3% | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | -52.3% | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度OTLYVNET
| Q4 25 | 0.6% | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | 9.7% | 50.1% | ||
| Q1 24 | — | 53.0% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
