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Pangaea Logistics Solutions Ltd.（PANL）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Pangaea Logistics Solutions Ltd.的2.0倍（$362.7M vs $183.9M），Pangaea Logistics Solutions Ltd.净利率更高（6.5% vs -10.7%，领先17.1%），过去两年Pangaea Logistics Solutions Ltd.的营收复合增速更高（32.5% vs 17.4%）
泛大陆物流解决方案有限公司是一家全球干散货物流航运服务商，运营现代化干散货船队，运输谷物、矿产、建材、能源原材料等大宗商品，为北美、欧洲、亚洲的工业、农业、能源领域客户提供定制化干散货供应链全链路解决方案。
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。
PANL vs VNET — 直观对比
营收规模更大
VNET
是对方的2.0倍
$183.9M
净利率更高
PANL
高出17.1%
-10.7%
两年增速更快
PANL
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $183.9M | $362.7M |
| 净利润 | $11.9M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 9.5% | 0.5% |
| 净利率 | 6.5% | -10.7% |
| 营收同比 | 24.9% | — |
| 净利润同比 | 40.9% | — |
| 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PANLVNET
| Q4 25 | $183.9M | — | ||
| Q3 25 | $168.7M | $362.7M | ||
| Q2 25 | $156.7M | — | ||
| Q1 25 | $122.8M | $309.5M | ||
| Q4 24 | $147.2M | — | ||
| Q3 24 | $153.1M | $302.2M | ||
| Q2 24 | $131.5M | $274.4M | ||
| Q1 24 | $104.7M | $262.9M |
净利润PANLVNET
| Q4 25 | $11.9M | — | ||
| Q3 25 | $12.2M | $-38.7M | ||
| Q2 25 | $-2.7M | — | ||
| Q1 25 | $-2.0M | $-2.4M | ||
| Q4 24 | $8.4M | — | ||
| Q3 24 | $5.1M | $-2.1M | ||
| Q2 24 | $3.7M | $-1.1M | ||
| Q1 24 | $11.7M | $-22.0M |
毛利率PANLVNET
| 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PANLVNET
| Q4 25 | 9.5% | — | ||
| Q3 25 | 10.0% | 0.5% | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 2.4% | 0.1% | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 9.8% | 24.5% | ||
| Q2 24 | 5.8% | 0.2% | ||
| Q1 24 | 10.5% | 0.2% |
净利率PANLVNET
| Q4 25 | 6.5% | — | ||
| Q3 25 | 7.2% | -10.7% | ||
| Q2 25 | -1.8% | — | ||
| Q1 25 | -1.6% | -0.8% | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 3.3% | -0.7% | ||
| Q2 24 | 2.8% | -0.4% | ||
| Q1 24 | 11.1% | -8.4% |
每股收益（稀释后）PANLVNET
| Q4 25 | $0.18 | — | ||
| Q3 25 | $0.19 | — | ||
| Q2 25 | $-0.04 | — | ||
| Q1 25 | $-0.03 | — | ||
| Q4 24 | $0.19 | — | ||
| Q3 24 | $0.11 | — | ||
| Q2 24 | $0.08 | — | ||
| Q1 24 | $0.25 | — |
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 | $103.1M | $492.1M |
| 总债务越低越好 | $249.6M | — |
| 股东权益账面价值 | $429.3M | $890.8M |
| 总资产 | $928.1M | $6.1B |
| 负债/权益比越低杠杆越低 | 0.58× | — |
8季度趋势，按日历期对齐
现金及短期投资PANLVNET
| Q4 25 | $103.1M | — | ||
| Q3 25 | $94.0M | $492.1M | ||
| Q2 25 | $59.3M | — | ||
| Q1 25 | $63.9M | $544.3M | ||
| Q4 24 | $86.8M | — | ||
| Q3 24 | $93.1M | $219.5M | ||
| Q2 24 | $77.9M | $247.2M | ||
| Q1 24 | $95.9M | $246.9M |
总债务PANLVNET
| Q4 25 | $249.6M | — | ||
| Q3 25 | $256.2M | — | ||
| Q2 25 | $244.7M | — | ||
| Q1 25 | $251.0M | — | ||
| Q4 24 | $257.2M | — | ||
| Q3 24 | $133.6M | $1.2B | ||
| Q2 24 | $90.5M | — | ||
| Q1 24 | $95.9M | — |
股东权益PANLVNET
| Q4 25 | $429.3M | — | ||
| Q3 25 | $420.3M | $890.8M | ||
| Q2 25 | $414.4M | — | ||
| Q1 25 | $420.8M | $927.8M | ||
| Q4 24 | $427.8M | — | ||
| Q3 24 | $332.6M | $902.9M | ||
| Q2 24 | $331.5M | $900.6M | ||
| Q1 24 | $332.0M | $895.1M |
总资产PANLVNET
| Q4 25 | $928.1M | — | ||
| Q3 25 | $932.1M | $6.1B | ||
| Q2 25 | $916.0M | — | ||
| Q1 25 | $918.0M | $5.4B | ||
| Q4 24 | $936.5M | — | ||
| Q3 24 | $749.2M | $4.3B | ||
| Q2 24 | $692.9M | $4.0B | ||
| Q1 24 | $703.3M | $3.9B |
负债/权益比PANLVNET
| Q4 25 | 0.58× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 0.40× | 1.28× | ||
| Q2 24 | 0.27× | — | ||
| Q1 24 | 0.29× | — |
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 | $15.1M | $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 | 1.27× | — |
| 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PANLVNET
| Q4 25 | $15.1M | — | ||
| Q3 25 | $28.6M | $113.8M | ||
| Q2 25 | $14.4M | — | ||
| Q1 25 | $-4.4M | $27.0M | ||
| Q4 24 | $19.3M | — | ||
| Q3 24 | $28.5M | $108.3M | ||
| Q2 24 | $9.0M | $55.8M | ||
| Q1 24 | $9.0M | $37.1M |
自由现金流PANLVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率PANLVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度PANLVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率PANLVNET
| Q4 25 | 1.27× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.29× | — | ||
| Q3 24 | 5.57× | — | ||
| Q2 24 | 2.43× | — | ||
| Q1 24 | 0.77× | — |
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
PANL
| Voyage | $166.3M | 90% |
| Charter | $13.1M | 7% |
| Terminal Stevedore Revenue | $4.4M | 2% |
VNET
暂无分部数据
