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Pebblebrook Hotel Trust（PEB）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Pebblebrook Hotel Trust的1.0倍（$362.7M vs $345.7M），Pebblebrook Hotel Trust净利率更高（-5.3% vs -10.7%，领先5.3%），Pebblebrook Hotel Trust自由现金流更多（$114.5M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -6.7%）
Pebblebrook Hotel Trust是一家公开上市的房地产投资信托，主要在美国核心城市及休闲目的地持有、运营并投资高端、奢华及精品酒店物业，服务商务与休闲旅客，聚焦高需求市场以推动长期价值增长。
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。
PEB vs VNET — 直观对比
营收规模更大
VNET
是对方的1.0倍
$345.7M
净利率更高
PEB
高出5.3%
-10.7%
自由现金流更多
PEB
多$307.6M
$-193.1M
两年增速更快
VNET
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $345.7M | $362.7M |
| 净利润 | $-18.4M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 2.3% | 0.5% |
| 净利率 | -5.3% | -10.7% |
| 营收同比 | 7.9% | — |
| 净利润同比 | 31.8% | — |
| 每股收益（稀释后） | $-0.26 | — |
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PEBVNET
| Q1 26 | $345.7M | — | ||
| Q4 25 | $349.0M | — | ||
| Q3 25 | $398.7M | $362.7M | ||
| Q2 25 | $407.5M | — | ||
| Q1 25 | $320.3M | $309.5M | ||
| Q4 24 | $337.6M | — | ||
| Q3 24 | $404.5M | $302.2M | ||
| Q2 24 | $397.1M | $274.4M |
净利润PEBVNET
| Q1 26 | $-18.4M | — | ||
| Q4 25 | $-17.9M | — | ||
| Q3 25 | $-33.1M | $-38.7M | ||
| Q2 25 | $18.1M | — | ||
| Q1 25 | $-32.9M | $-2.4M | ||
| Q4 24 | $-50.5M | — | ||
| Q3 24 | $43.7M | $-2.1M | ||
| Q2 24 | $30.9M | $-1.1M |
毛利率PEBVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% |
营业利润率PEBVNET
| Q1 26 | 2.3% | — | ||
| Q4 25 | 2.5% | — | ||
| Q3 25 | -2.6% | 0.5% | ||
| Q2 25 | 12.9% | — | ||
| Q1 25 | -2.3% | 0.1% | ||
| Q4 24 | -6.7% | — | ||
| Q3 24 | 11.6% | 24.5% | ||
| Q2 24 | 15.4% | 0.2% |
净利率PEBVNET
| Q1 26 | -5.3% | — | ||
| Q4 25 | -5.1% | — | ||
| Q3 25 | -8.3% | -10.7% | ||
| Q2 25 | 4.4% | — | ||
| Q1 25 | -10.3% | -0.8% | ||
| Q4 24 | -15.0% | — | ||
| Q3 24 | 10.8% | -0.7% | ||
| Q2 24 | 7.8% | -0.4% |
每股收益（稀释后）PEBVNET
| Q1 26 | $-0.26 | — | ||
| Q4 25 | $-0.22 | — | ||
| Q3 25 | $-0.37 | — | ||
| Q2 25 | $0.06 | — | ||
| Q1 25 | $-0.37 | — | ||
| Q4 24 | $-0.47 | — | ||
| Q3 24 | $0.24 | — | ||
| Q2 24 | $0.16 | — |
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 | $196.2M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | $890.8M |
| 总资产 | $5.3B | $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PEBVNET
| Q1 26 | $196.2M | — | ||
| Q4 25 | $184.2M | — | ||
| Q3 25 | $223.2M | $492.1M | ||
| Q2 25 | $256.1M | — | ||
| Q1 25 | $208.1M | $544.3M | ||
| Q4 24 | $206.7M | — | ||
| Q3 24 | $134.0M | $219.5M | ||
| Q2 24 | $101.7M | $247.2M |
总债务PEBVNET
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.2B | — |
股东权益PEBVNET
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.5B | $890.8M | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | $927.8M | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.8B | $902.9M | ||
| Q2 24 | $2.7B | $900.6M |
总资产PEBVNET
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.3B | — | ||
| Q3 25 | $5.6B | $6.1B | ||
| Q2 25 | $5.7B | — | ||
| Q1 25 | $5.7B | $5.4B | ||
| Q4 24 | $5.7B | — | ||
| Q3 24 | $5.7B | $4.3B | ||
| Q2 24 | $5.7B | $4.0B |
负债/权益比PEBVNET
| Q1 26 | — | — | ||
| Q4 25 | 0.86× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | 0.85× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.83× | — | ||
| Q3 24 | 0.80× | 1.28× | ||
| Q2 24 | 0.80× | — |
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 | — | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $114.5M | $-193.1M |
| 自由现金流率自由现金流/营收 | 33.1% | -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 | — | — |
| 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PEBVNET
| Q1 26 | — | — | ||
| Q4 25 | $249.7M | — | ||
| Q3 25 | $77.6M | $113.8M | ||
| Q2 25 | $90.5M | — | ||
| Q1 25 | $50.3M | $27.0M | ||
| Q4 24 | $275.0M | — | ||
| Q3 24 | $76.1M | $108.3M | ||
| Q2 24 | $83.7M | $55.8M |
自由现金流PEBVNET
| Q1 26 | $114.5M | — | ||
| Q4 25 | $152.3M | — | ||
| Q3 25 | $6.8M | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | $146.3M | — | ||
| Q3 24 | $-24.8M | $-95.0M | ||
| Q2 24 | — | $-81.6M |
自由现金流率PEBVNET
| Q1 26 | 33.1% | — | ||
| Q4 25 | 43.6% | — | ||
| Q3 25 | 1.7% | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | 43.3% | — | ||
| Q3 24 | -6.1% | -31.4% | ||
| Q2 24 | — | -29.8% |
资本支出强度PEBVNET
| Q1 26 | — | — | ||
| Q4 25 | 27.9% | — | ||
| Q3 25 | 17.7% | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 24.9% | 67.3% | ||
| Q2 24 | — | 50.1% |
现金转化率PEBVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.01× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 2.70× | — |
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
PEB
| Room | $214.5M | 62% |
| Food and beverage | $91.1M | 26% |
| Other | $40.0M | 12% |
VNET
暂无分部数据
