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Palomar Holdings, Inc.（PLMR）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Palomar Holdings, Inc.的1.4倍（$362.7M vs $253.4M），Palomar Holdings, Inc.自由现金流更多（$409.0M vs $-193.1M），过去两年Palomar Holdings, Inc.的营收复合增速更高（46.2% vs 17.4%）
Palomar Holdings, Inc.是一家专业保险控股企业，主要为存在巨灾风险敞口的住宅及商业资产提供财产保险产品，业务范围覆盖美国全境，核心业务板块包含地震、洪水、风暴等高危财产保障服务。
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。
PLMR vs VNET — 直观对比
营收规模更大
VNET
是对方的1.4倍
$253.4M
自由现金流更多
PLMR
多$602.1M
$-193.1M
两年增速更快
PLMR
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $253.4M | $362.7M |
| 净利润 | — | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 28.7% | 0.5% |
| 净利率 | — | -10.7% |
| 营收同比 | 62.7% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $2.05 | — |
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PLMRVNET
| Q4 25 | $253.4M | — | ||
| Q3 25 | $244.7M | $362.7M | ||
| Q2 25 | $203.3M | — | ||
| Q1 25 | $174.6M | $309.5M | ||
| Q4 24 | $155.8M | — | ||
| Q3 24 | $148.5M | $302.2M | ||
| Q2 24 | $131.1M | $274.4M | ||
| Q1 24 | $118.5M | $262.9M |
净利润PLMRVNET
| Q4 25 | — | — | ||
| Q3 25 | $51.5M | $-38.7M | ||
| Q2 25 | $46.5M | — | ||
| Q1 25 | $42.9M | $-2.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | $30.5M | $-2.1M | ||
| Q2 24 | $25.7M | $-1.1M | ||
| Q1 24 | $26.4M | $-22.0M |
毛利率PLMRVNET
| 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PLMRVNET
| Q4 25 | 28.7% | — | ||
| Q3 25 | 27.4% | 0.5% | ||
| Q2 25 | 29.5% | — | ||
| Q1 25 | 30.8% | 0.1% | ||
| Q4 24 | 28.9% | — | ||
| Q3 24 | 25.9% | 24.5% | ||
| Q2 24 | 25.5% | 0.2% | ||
| Q1 24 | 29.0% | 0.2% |
净利率PLMRVNET
| Q4 25 | — | — | ||
| Q3 25 | 21.0% | -10.7% | ||
| Q2 25 | 22.9% | — | ||
| Q1 25 | 24.6% | -0.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 20.5% | -0.7% | ||
| Q2 24 | 19.6% | -0.4% | ||
| Q1 24 | 22.3% | -8.4% |
每股收益（稀释后）PLMRVNET
| Q4 25 | $2.05 | — | ||
| Q3 25 | $1.87 | — | ||
| Q2 25 | $1.68 | — | ||
| Q1 25 | $1.57 | — | ||
| Q4 24 | $1.29 | — | ||
| Q3 24 | $1.15 | — | ||
| Q2 24 | $1.00 | — | ||
| Q1 24 | $1.04 | — |
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 | $106.9M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $942.7M | $890.8M |
| 总资产 | $3.1B | $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PLMRVNET
| Q4 25 | $106.9M | — | ||
| Q3 25 | $111.7M | $492.1M | ||
| Q2 25 | $81.3M | — | ||
| Q1 25 | $119.3M | $544.3M | ||
| Q4 24 | $80.4M | — | ||
| Q3 24 | $86.5M | $219.5M | ||
| Q2 24 | $47.8M | $247.2M | ||
| Q1 24 | $61.4M | $246.9M |
总债务PLMRVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PLMRVNET
| Q4 25 | $942.7M | — | ||
| Q3 25 | $878.1M | $890.8M | ||
| Q2 25 | $847.2M | — | ||
| Q1 25 | $790.4M | $927.8M | ||
| Q4 24 | $729.0M | — | ||
| Q3 24 | $703.3M | $902.9M | ||
| Q2 24 | $532.6M | $900.6M | ||
| Q1 24 | $501.7M | $895.1M |
总资产PLMRVNET
| Q4 25 | $3.1B | — | ||
| Q3 25 | $2.9B | $6.1B | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.4B | $5.4B | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | $4.3B | ||
| Q2 24 | $2.0B | $4.0B | ||
| Q1 24 | $1.9B | $3.9B |
负债/权益比PLMRVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $409.1M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $409.0M | $-193.1M |
| 自由现金流率自由现金流/营收 | 161.4% | -53.2% |
| 资本支出强度资本支出/营收 | 0.1% | 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 | $700.6M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流PLMRVNET
| Q4 25 | $409.1M | — | ||
| Q3 25 | $83.6M | $113.8M | ||
| Q2 25 | $120.9M | — | ||
| Q1 25 | $87.2M | $27.0M | ||
| Q4 24 | $261.2M | — | ||
| Q3 24 | $100.3M | $108.3M | ||
| Q2 24 | $55.1M | $55.8M | ||
| Q1 24 | $33.1M | $37.1M |
自由现金流PLMRVNET
| Q4 25 | $409.0M | — | ||
| Q3 25 | $83.6M | $-193.1M | ||
| Q2 25 | $120.8M | — | ||
| Q1 25 | $87.1M | $-220.0M | ||
| Q4 24 | $260.9M | — | ||
| Q3 24 | $100.1M | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率PLMRVNET
| Q4 25 | 161.4% | — | ||
| Q3 25 | 34.2% | -53.2% | ||
| Q2 25 | 59.4% | — | ||
| Q1 25 | 49.9% | -71.1% | ||
| Q4 24 | 167.5% | — | ||
| Q3 24 | 67.4% | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度PLMRVNET
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.0% | 84.6% | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | 79.8% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.1% | 67.3% | ||
| Q2 24 | 0.0% | 50.1% | ||
| Q1 24 | 0.0% | 53.0% |
现金转化率PLMRVNET
| Q4 25 | — | — | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | 2.60× | — | ||
| Q1 25 | 2.03× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.29× | — | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 1.26× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
