vs
Dave & Buster's Entertainment, Inc.（PLAY）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
Dave & Buster's Entertainment, Inc.的季度营收约是世纪互联的1.2倍（$448.2M vs $362.7M），Dave & Buster's Entertainment, Inc.净利率更高（-9.4% vs -10.7%，领先1.3%），Dave & Buster's Entertainment, Inc.自由现金流更多（$-20.6M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -13.5%）
戴夫与巴斯特娱乐是总部位于美国达拉斯的餐饮娱乐企业，旗下每家门店都配备全套服务餐厅、酒吧以及名为“百万美元 midway”的游戏游乐区。截至2024年2月，该公司共开设162家门店，其中美国本土158家，波多黎各和加拿大各设2家门店，主打餐饮与休闲娱乐融合的消费体验。
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。
PLAY vs VNET — 直观对比
营收规模更大
PLAY
是对方的1.2倍
$362.7M
净利率更高
PLAY
高出1.3%
-10.7%
自由现金流更多
PLAY
多$172.5M
$-193.1M
两年增速更快
VNET
近两年复合增速
-13.5%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $448.2M | $362.7M |
| 净利润 | $-42.1M | $-38.7M |
| 毛利率 | 85.8% | 20.9% |
| 营业利润率 | -3.6% | 0.5% |
| 净利率 | -9.4% | -10.7% |
| 营收同比 | -1.1% | — |
| 净利润同比 | -28.7% | — |
| 每股收益（稀释后） | $-1.22 | — |
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PLAYVNET
| Q4 25 | $448.2M | — | ||
| Q3 25 | $557.4M | $362.7M | ||
| Q2 25 | $567.7M | — | ||
| Q1 25 | $534.5M | $309.5M | ||
| Q4 24 | $453.0M | — | ||
| Q3 24 | $557.1M | $302.2M | ||
| Q2 24 | $588.1M | $274.4M | ||
| Q1 24 | $599.0M | $262.9M |
净利润PLAYVNET
| Q4 25 | $-42.1M | — | ||
| Q3 25 | $11.4M | $-38.7M | ||
| Q2 25 | $21.7M | — | ||
| Q1 25 | $9.3M | $-2.4M | ||
| Q4 24 | $-32.7M | — | ||
| Q3 24 | $40.3M | $-2.1M | ||
| Q2 24 | $41.4M | $-1.1M | ||
| Q1 24 | $36.1M | $-22.0M |
毛利率PLAYVNET
| Q4 25 | 85.8% | — | ||
| Q3 25 | 86.3% | 20.9% | ||
| Q2 25 | 85.5% | — | ||
| Q1 25 | 85.5% | 25.2% | ||
| Q4 24 | 85.0% | — | ||
| Q3 24 | 85.3% | 23.2% | ||
| Q2 24 | 85.2% | 21.3% | ||
| Q1 24 | 84.1% | 21.6% |
营业利润率PLAYVNET
| Q4 25 | -3.6% | — | ||
| Q3 25 | 9.5% | 0.5% | ||
| Q2 25 | 11.1% | — | ||
| Q1 25 | 8.3% | 0.1% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 15.2% | 24.5% | ||
| Q2 24 | 14.5% | 0.2% | ||
| Q1 24 | 14.9% | 0.2% |
净利率PLAYVNET
| Q4 25 | -9.4% | — | ||
| Q3 25 | 2.0% | -10.7% | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 1.7% | -0.8% | ||
| Q4 24 | -7.2% | — | ||
| Q3 24 | 7.2% | -0.7% | ||
| Q2 24 | 7.0% | -0.4% | ||
| Q1 24 | 6.0% | -8.4% |
每股收益（稀释后）PLAYVNET
| Q4 25 | $-1.22 | — | ||
| Q3 25 | $0.32 | — | ||
| Q2 25 | $0.62 | — | ||
| Q1 25 | $0.32 | — | ||
| Q4 24 | $-0.84 | — | ||
| Q3 24 | $0.99 | — | ||
| Q2 24 | $0.99 | — | ||
| Q1 24 | $0.95 | — |
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 | $13.6M | $492.1M |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $130.8M | $890.8M |
| 总资产 | $4.1B | $6.1B |
| 负债/权益比越低杠杆越低 | 12.17× | — |
8季度趋势，按日历期对齐
现金及短期投资PLAYVNET
| Q4 25 | $13.6M | — | ||
| Q3 25 | $12.0M | $492.1M | ||
| Q2 25 | $11.9M | — | ||
| Q1 25 | $6.9M | $544.3M | ||
| Q4 24 | $8.6M | — | ||
| Q3 24 | $13.1M | $219.5M | ||
| Q2 24 | $32.1M | $247.2M | ||
| Q1 24 | $37.3M | $246.9M |
总债务PLAYVNET
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.3B | — |
股东权益PLAYVNET
| Q4 25 | $130.8M | — | ||
| Q3 25 | $166.2M | $890.8M | ||
| Q2 25 | $146.8M | — | ||
| Q1 25 | $145.8M | $927.8M | ||
| Q4 24 | $226.6M | — | ||
| Q3 24 | $284.4M | $902.9M | ||
| Q2 24 | $292.5M | $900.6M | ||
| Q1 24 | $251.2M | $895.1M |
总资产PLAYVNET
| Q4 25 | $4.1B | — | ||
| Q3 25 | $4.1B | $6.1B | ||
| Q2 25 | $4.1B | — | ||
| Q1 25 | $4.0B | $5.4B | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $3.8B | $4.3B | ||
| Q2 24 | $3.8B | $4.0B | ||
| Q1 24 | $3.8B | $3.9B |
负债/权益比PLAYVNET
| Q4 25 | 12.17× | — | ||
| Q3 25 | 9.57× | — | ||
| Q2 25 | 10.98× | — | ||
| Q1 25 | 10.45× | — | ||
| Q4 24 | 6.58× | — | ||
| Q3 24 | 4.72× | 1.28× | ||
| Q2 24 | 4.58× | — | ||
| Q1 24 | 5.33× | — |
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 | $58.0M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-20.6M | $-193.1M |
| 自由现金流率自由现金流/营收 | -4.6% | -53.2% |
| 资本支出强度资本支出/营收 | 17.5% | 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 | $-195.6M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流PLAYVNET
| Q4 25 | $58.0M | — | ||
| Q3 25 | $34.0M | $113.8M | ||
| Q2 25 | $95.8M | — | ||
| Q1 25 | $108.9M | $27.0M | ||
| Q4 24 | $-7.2M | — | ||
| Q3 24 | $101.8M | $108.3M | ||
| Q2 24 | $108.8M | $55.8M | ||
| Q1 24 | $97.2M | $37.1M |
自由现金流PLAYVNET
| Q4 25 | $-20.6M | — | ||
| Q3 25 | $-55.2M | $-193.1M | ||
| Q2 25 | $-58.8M | — | ||
| Q1 25 | $-61.0M | $-220.0M | ||
| Q4 24 | $-138.4M | — | ||
| Q3 24 | $-14.3M | $-95.0M | ||
| Q2 24 | $-4.2M | $-81.6M | ||
| Q1 24 | $-25.4M | $-102.2M |
自由现金流率PLAYVNET
| Q4 25 | -4.6% | — | ||
| Q3 25 | -9.9% | -53.2% | ||
| Q2 25 | -10.4% | — | ||
| Q1 25 | -11.4% | -71.1% | ||
| Q4 24 | -30.6% | — | ||
| Q3 24 | -2.6% | -31.4% | ||
| Q2 24 | -0.7% | -29.8% | ||
| Q1 24 | -4.2% | -38.9% |
资本支出强度PLAYVNET
| Q4 25 | 17.5% | — | ||
| Q3 25 | 16.0% | 84.6% | ||
| Q2 25 | 27.2% | — | ||
| Q1 25 | 31.8% | 79.8% | ||
| Q4 24 | 29.0% | — | ||
| Q3 24 | 20.8% | 67.3% | ||
| Q2 24 | 19.2% | 50.1% | ||
| Q1 24 | 20.5% | 53.0% |
现金转化率PLAYVNET
| Q4 25 | — | — | ||
| Q3 25 | 2.98× | — | ||
| Q2 25 | 4.41× | — | ||
| Q1 25 | 11.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.53× | — | ||
| Q2 24 | 2.63× | — | ||
| Q1 24 | 2.69× | — |
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
PLAY
| Game Play Credit Usage | $273.1M | 61% |
| Food And Nonalcoholic Beverages | $115.1M | 26% |
| Alcoholic Beverage | $53.7M | 12% |
| Other Entertainment | $6.3M | 1% |
| Gift Card Revenue | $3.5M | 1% |
VNET
暂无分部数据
