vs
POTLATCHDELTIC CORP（PCH）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POTLATCHDELTIC CORP的1.2倍（$362.7M vs $314.2M），POTLATCHDELTIC CORP净利率更高（8.2% vs -10.7%，领先18.9%），POTLATCHDELTIC CORP自由现金流更多（$50.1M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 11.1%）
PotlatchDeltic是一家总部位于美国华盛顿州斯波坎的多元化林产品企业，业务覆盖林木培育、木材加工及相关林制品的生产与供应，在林业资源管理和产品研发领域拥有成熟的运营体系，为建筑、家居等多个下游行业提供优质原材料与产品解决方案。
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。
PCH vs VNET — 直观对比
营收规模更大
VNET
是对方的1.2倍
$314.2M
净利率更高
PCH
高出18.9%
-10.7%
自由现金流更多
PCH
多$243.2M
$-193.1M
两年增速更快
VNET
近两年复合增速
11.1%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $314.2M | $362.7M |
| 净利润 | $25.9M | $-38.7M |
| 毛利率 | 18.2% | 20.9% |
| 营业利润率 | 11.2% | 0.5% |
| 净利率 | 8.2% | -10.7% |
| 营收同比 | 23.1% | — |
| 净利润同比 | 682.5% | — |
| 每股收益（稀释后） | $0.33 | — |
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PCHVNET
| Q3 25 | $314.2M | $362.7M | ||
| Q2 25 | $275.0M | — | ||
| Q1 25 | $268.3M | $309.5M | ||
| Q4 24 | $258.1M | — | ||
| Q3 24 | $255.1M | $302.2M | ||
| Q2 24 | $320.7M | $274.4M | ||
| Q1 24 | $228.1M | $262.9M | ||
| Q4 23 | $254.5M | — |
净利润PCHVNET
| Q3 25 | $25.9M | $-38.7M | ||
| Q2 25 | $7.4M | — | ||
| Q1 25 | $25.8M | $-2.4M | ||
| Q4 24 | $5.2M | — | ||
| Q3 24 | $3.3M | $-2.1M | ||
| Q2 24 | $13.7M | $-1.1M | ||
| Q1 24 | $-305.0K | $-22.0M | ||
| Q4 23 | $-140.0K | — |
毛利率PCHVNET
| Q3 25 | 18.2% | 20.9% | ||
| Q2 25 | 13.0% | — | ||
| Q1 25 | 17.8% | 25.2% | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 10.8% | 23.2% | ||
| Q2 24 | 11.9% | 21.3% | ||
| Q1 24 | 7.0% | 21.6% | ||
| Q4 23 | 8.1% | — |
营业利润率PCHVNET
| Q3 25 | 11.2% | 0.5% | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 10.3% | 0.1% | ||
| Q4 24 | 5.2% | — | ||
| Q3 24 | 2.8% | 24.5% | ||
| Q2 24 | 5.4% | 0.2% | ||
| Q1 24 | -2.1% | 0.2% | ||
| Q4 23 | 0.0% | — |
净利率PCHVNET
| Q3 25 | 8.2% | -10.7% | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 9.6% | -0.8% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 1.3% | -0.7% | ||
| Q2 24 | 4.3% | -0.4% | ||
| Q1 24 | -0.1% | -8.4% | ||
| Q4 23 | -0.1% | — |
每股收益（稀释后）PCHVNET
| Q3 25 | $0.33 | — | ||
| Q2 25 | $0.09 | — | ||
| Q1 25 | $0.33 | — | ||
| Q4 24 | $0.07 | — | ||
| Q3 24 | $0.04 | — | ||
| Q2 24 | $0.17 | — | ||
| Q1 24 | $0.00 | — | ||
| Q4 23 | $0.00 | — |
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 | $88.8M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.9B | $890.8M |
| 总资产 | $3.2B | $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PCHVNET
| Q3 25 | $88.8M | $492.1M | ||
| Q2 25 | $95.3M | — | ||
| Q1 25 | $147.5M | $544.3M | ||
| Q4 24 | $151.6M | — | ||
| Q3 24 | $161.1M | $219.5M | ||
| Q2 24 | $199.7M | $247.2M | ||
| Q1 24 | $180.2M | $246.9M | ||
| Q4 23 | $230.1M | — |
总债务PCHVNET
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | $1.0B | — |
股东权益PCHVNET
| Q3 25 | $1.9B | $890.8M | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $2.0B | $927.8M | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.1B | $902.9M | ||
| Q2 24 | $2.1B | $900.6M | ||
| Q1 24 | $2.2B | $895.1M | ||
| Q4 23 | $2.2B | — |
总资产PCHVNET
| Q3 25 | $3.2B | $6.1B | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.3B | $5.4B | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.3B | $4.3B | ||
| Q2 24 | $3.4B | $4.0B | ||
| Q1 24 | $3.4B | $3.9B | ||
| Q4 23 | $3.4B | — |
负债/权益比PCHVNET
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | 0.48× | — |
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 | $65.7M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $50.1M | $-193.1M |
| 自由现金流率自由现金流/营收 | 15.9% | -53.2% |
| 资本支出强度资本支出/营收 | 4.9% | 84.6% |
| 现金转化率经营现金流/净利润 | 2.54× | — |
| 过去12个月自由现金流最近4个季度 | $132.4M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流PCHVNET
| Q3 25 | $65.7M | $113.8M | ||
| Q2 25 | $41.0M | — | ||
| Q1 25 | $49.1M | $27.0M | ||
| Q4 24 | $45.4M | — | ||
| Q3 24 | $26.5M | $108.3M | ||
| Q2 24 | $100.6M | $55.8M | ||
| Q1 24 | $16.0M | $37.1M | ||
| Q4 23 | $41.8M | — |
自由现金流PCHVNET
| Q3 25 | $50.1M | $-193.1M | ||
| Q2 25 | $30.6M | — | ||
| Q1 25 | $26.3M | $-220.0M | ||
| Q4 24 | $25.4M | — | ||
| Q3 24 | $-8.2M | $-95.0M | ||
| Q2 24 | $72.4M | $-81.6M | ||
| Q1 24 | $2.0M | $-102.2M | ||
| Q4 23 | — | — |
自由现金流率PCHVNET
| Q3 25 | 15.9% | -53.2% | ||
| Q2 25 | 11.1% | — | ||
| Q1 25 | 9.8% | -71.1% | ||
| Q4 24 | 9.9% | — | ||
| Q3 24 | -3.2% | -31.4% | ||
| Q2 24 | 22.6% | -29.8% | ||
| Q1 24 | 0.9% | -38.9% | ||
| Q4 23 | — | — |
资本支出强度PCHVNET
| Q3 25 | 4.9% | 84.6% | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 8.5% | 79.8% | ||
| Q4 24 | 7.7% | — | ||
| Q3 24 | 13.6% | 67.3% | ||
| Q2 24 | 8.8% | 50.1% | ||
| Q1 24 | 6.1% | 53.0% | ||
| Q4 23 | — | — |
现金转化率PCHVNET
| Q3 25 | 2.54× | — | ||
| Q2 25 | 5.58× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 8.74× | — | ||
| Q3 24 | 7.99× | — | ||
| Q2 24 | 7.35× | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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
PCH
| Lumber | $131.8M | 42% |
| Timberlands | $52.5M | 17% |
| Rural Real Estate | $51.3M | 16% |
| Residuals And Panels | $34.0M | 11% |
| Pulpwood | $16.7M | 5% |
| Development Real Estate | $14.6M | 5% |
| Other | $8.1M | 3% |
| Other Products | $5.2M | 2% |
VNET
暂无分部数据
