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Park Hotels & Resorts Inc.（PK）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
Park Hotels & Resorts Inc.的季度营收约是世纪互联的1.7倍（$630.0M vs $362.7M），Park Hotels & Resorts Inc.净利率更高（1.9% vs -10.7%，领先12.6%），过去两年世纪互联的营收复合增速更高（17.4% vs -4.2%）
Park Hotels & Resorts是一家总部位于美国弗吉尼亚州泰森斯的房地产投资信托（REIT），核心业务为酒店物业投资运营。该企业于2017年从希尔顿全球集团分拆成立，在酒店不动产领域拥有专业的投资与管理经验。
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。
PK vs VNET — 直观对比
营收规模更大
PK
是对方的1.7倍
$362.7M
净利率更高
PK
高出12.6%
-10.7%
两年增速更快
VNET
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $630.0M | $362.7M |
| 净利润 | $12.0M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 9.8% | 0.5% |
| 净利率 | 1.9% | -10.7% |
| 营收同比 | -1.3% | — |
| 净利润同比 | 121.1% | — |
| 每股收益（稀释后） | $0.05 | — |
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PKVNET
| Q1 26 | $630.0M | — | ||
| Q4 25 | $629.0M | — | ||
| Q3 25 | $610.0M | $362.7M | ||
| Q2 25 | $672.0M | — | ||
| Q1 25 | $630.0M | $309.5M | ||
| Q4 24 | $625.0M | — | ||
| Q3 24 | $649.0M | $302.2M | ||
| Q2 24 | $686.0M | $274.4M |
净利润PKVNET
| Q1 26 | $12.0M | — | ||
| Q4 25 | $-205.0M | — | ||
| Q3 25 | $-16.0M | $-38.7M | ||
| Q2 25 | $-5.0M | — | ||
| Q1 25 | $-57.0M | $-2.4M | ||
| Q4 24 | $66.0M | — | ||
| Q3 24 | $54.0M | $-2.1M | ||
| Q2 24 | $64.0M | $-1.1M |
毛利率PKVNET
| 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PKVNET
| Q1 26 | 9.8% | — | ||
| Q4 25 | -26.1% | — | ||
| Q3 25 | 9.7% | 0.5% | ||
| Q2 25 | 9.7% | — | ||
| Q1 25 | 1.1% | 0.1% | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | 14.6% | 24.5% | ||
| Q2 24 | 17.6% | 0.2% |
净利率PKVNET
| Q1 26 | 1.9% | — | ||
| Q4 25 | -32.6% | — | ||
| Q3 25 | -2.6% | -10.7% | ||
| Q2 25 | -0.7% | — | ||
| Q1 25 | -9.0% | -0.8% | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 8.3% | -0.7% | ||
| Q2 24 | 9.3% | -0.4% |
每股收益（稀释后）PKVNET
| Q1 26 | $0.05 | — | ||
| Q4 25 | $-1.04 | — | ||
| Q3 25 | $-0.08 | — | ||
| Q2 25 | $-0.02 | — | ||
| Q1 25 | $-0.29 | — | ||
| Q4 24 | $0.32 | — | ||
| Q3 24 | $0.26 | — | ||
| Q2 24 | $0.30 | — |
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 | $156.0M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.1B | $890.8M |
| 总资产 | — | $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PKVNET
| Q1 26 | $156.0M | — | ||
| Q4 25 | $232.0M | — | ||
| Q3 25 | $278.0M | $492.1M | ||
| Q2 25 | $319.0M | — | ||
| Q1 25 | $233.0M | $544.3M | ||
| Q4 24 | $402.0M | — | ||
| Q3 24 | $480.0M | $219.5M | ||
| Q2 24 | $449.0M | $247.2M |
总债务PKVNET
| Q1 26 | — | — | ||
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $3.9B | $1.2B | ||
| Q2 24 | $3.9B | — |
股东权益PKVNET
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.4B | $890.8M | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.5B | $927.8M | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $3.8B | $902.9M | ||
| Q2 24 | $3.8B | $900.6M |
总资产PKVNET
| Q1 26 | — | — | ||
| Q4 25 | $7.7B | — | ||
| Q3 25 | $8.8B | $6.1B | ||
| Q2 25 | $8.9B | — | ||
| Q1 25 | $8.9B | $5.4B | ||
| Q4 24 | $9.2B | — | ||
| Q3 24 | $9.2B | $4.3B | ||
| Q2 24 | $9.2B | $4.0B |
负债/权益比PKVNET
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.14× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 1.03× | 1.28× | ||
| Q2 24 | 1.03× | — |
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 | — | $-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 | — | — |
| 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PKVNET
| Q1 26 | — | — | ||
| Q4 25 | $105.0M | — | ||
| Q3 25 | $99.0M | $113.8M | ||
| Q2 25 | $108.0M | — | ||
| Q1 25 | $86.0M | $27.0M | ||
| Q4 24 | $80.0M | — | ||
| Q3 24 | $140.0M | $108.3M | ||
| Q2 24 | $117.0M | $55.8M |
自由现金流PKVNET
| Q1 26 | — | — | ||
| Q4 25 | $-3.0M | — | ||
| Q3 25 | $31.0M | $-193.1M | ||
| Q2 25 | $65.0M | — | ||
| Q1 25 | $9.0M | $-220.0M | ||
| Q4 24 | $17.0M | — | ||
| Q3 24 | $97.0M | $-95.0M | ||
| Q2 24 | $66.0M | $-81.6M |
自由现金流率PKVNET
| Q1 26 | — | — | ||
| Q4 25 | -0.5% | — | ||
| Q3 25 | 5.1% | -53.2% | ||
| Q2 25 | 9.7% | — | ||
| Q1 25 | 1.4% | -71.1% | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 14.9% | -31.4% | ||
| Q2 24 | 9.6% | -29.8% |
资本支出强度PKVNET
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | — | ||
| Q3 25 | 11.1% | 84.6% | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | 12.2% | 79.8% | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 6.6% | 67.3% | ||
| Q2 24 | 7.4% | 50.1% |
现金转化率PKVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.21× | — | ||
| Q3 24 | 2.59× | — | ||
| Q2 24 | 1.83× | — |
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
PK
| Comparable Hotel Revenues | $617.0M | 98% |
| Other | $13.0M | 2% |
VNET
暂无分部数据
