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POWER SOLUTIONS INTERNATIONAL, INC.（PSIX）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POWER SOLUTIONS INTERNATIONAL, INC.的1.9倍（$362.7M vs $191.2M），POWER SOLUTIONS INTERNATIONAL, INC.净利率更高（8.4% vs -10.7%，领先19.1%），POWER SOLUTIONS INTERNATIONAL, INC.自由现金流更多（$-7.6M vs $-193.1M），过去两年POWER SOLUTIONS INTERNATIONAL, INC.的营收复合增速更高（41.7% vs 17.4%）
阿达尼能源解决方案有限公司（前身为阿达尼输电有限公司）是一家电力输配企业，总部位于艾哈迈达巴德。截至2025年4月，公司累计输电网络总长26696回路公里，是印度规模最大的民营输电企业之一。
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。
PSIX vs VNET — 直观对比
营收规模更大
VNET
是对方的1.9倍
$191.2M
净利率更高
PSIX
高出19.1%
-10.7%
自由现金流更多
PSIX
多$185.5M
$-193.1M
两年增速更快
PSIX
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $191.2M | $362.7M |
| 净利润 | $16.1M | $-38.7M |
| 毛利率 | 21.9% | 20.9% |
| 营业利润率 | 12.7% | 0.5% |
| 净利率 | 8.4% | -10.7% |
| 营收同比 | 32.5% | — |
| 净利润同比 | -31.0% | — |
| 每股收益（稀释后） | $0.69 | — |
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PSIXVNET
| Q4 25 | $191.2M | — | ||
| Q3 25 | $203.8M | $362.7M | ||
| Q2 25 | $191.9M | — | ||
| Q1 25 | $135.4M | $309.5M | ||
| Q4 24 | $144.3M | — | ||
| Q3 24 | $125.8M | $302.2M | ||
| Q2 24 | $110.6M | $274.4M | ||
| Q1 24 | $95.2M | $262.9M |
净利润PSIXVNET
| Q4 25 | $16.1M | — | ||
| Q3 25 | $27.6M | $-38.7M | ||
| Q2 25 | $51.2M | — | ||
| Q1 25 | $19.1M | $-2.4M | ||
| Q4 24 | $23.3M | — | ||
| Q3 24 | $17.3M | $-2.1M | ||
| Q2 24 | $21.5M | $-1.1M | ||
| Q1 24 | $7.1M | $-22.0M |
毛利率PSIXVNET
| Q4 25 | 21.9% | — | ||
| Q3 25 | 23.9% | 20.9% | ||
| Q2 25 | 28.2% | — | ||
| Q1 25 | 29.7% | 25.2% | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 28.9% | 23.2% | ||
| Q2 24 | 31.8% | 21.3% | ||
| Q1 24 | 27.0% | 21.6% |
营业利润率PSIXVNET
| Q4 25 | 12.7% | — | ||
| Q3 25 | 13.9% | 0.5% | ||
| Q2 25 | 16.9% | — | ||
| Q1 25 | 18.2% | 0.1% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 16.3% | 24.5% | ||
| Q2 24 | 22.9% | 0.2% | ||
| Q1 24 | 11.2% | 0.2% |
净利率PSIXVNET
| Q4 25 | 8.4% | — | ||
| Q3 25 | 13.5% | -10.7% | ||
| Q2 25 | 26.7% | — | ||
| Q1 25 | 14.1% | -0.8% | ||
| Q4 24 | 16.1% | — | ||
| Q3 24 | 13.8% | -0.7% | ||
| Q2 24 | 19.5% | -0.4% | ||
| Q1 24 | 7.5% | -8.4% |
每股收益（稀释后）PSIXVNET
| Q4 25 | $0.69 | — | ||
| Q3 25 | $1.20 | — | ||
| Q2 25 | $2.22 | — | ||
| Q1 25 | $0.83 | — | ||
| Q4 24 | $1.01 | — | ||
| Q3 24 | $0.75 | — | ||
| Q2 24 | $0.94 | — | ||
| Q1 24 | $0.31 | — |
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 | $41.3M | $492.1M |
| 总债务越低越好 | $96.6M | — |
| 股东权益账面价值 | $178.6M | $890.8M |
| 总资产 | $424.7M | $6.1B |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资PSIXVNET
| Q4 25 | $41.3M | — | ||
| Q3 25 | $49.0M | $492.1M | ||
| Q2 25 | $49.5M | — | ||
| Q1 25 | $50.0M | $544.3M | ||
| Q4 24 | $55.3M | — | ||
| Q3 24 | $40.5M | $219.5M | ||
| Q2 24 | $28.8M | $247.2M | ||
| Q1 24 | $33.1M | $246.9M |
总债务PSIXVNET
| Q4 25 | $96.6M | — | ||
| Q3 25 | $96.7M | — | ||
| Q2 25 | $1.8M | — | ||
| Q1 25 | $1.0M | — | ||
| Q4 24 | $184.0K | — | ||
| Q3 24 | $238.0K | $1.2B | ||
| Q2 24 | $292.0K | — | ||
| Q1 24 | $345.0K | — |
股东权益PSIXVNET
| Q4 25 | $178.6M | — | ||
| Q3 25 | $162.5M | $890.8M | ||
| Q2 25 | $135.7M | — | ||
| Q1 25 | $84.3M | $927.8M | ||
| Q4 24 | $65.3M | — | ||
| Q3 24 | $42.1M | $902.9M | ||
| Q2 24 | $24.8M | $900.6M | ||
| Q1 24 | $3.2M | $895.1M |
总资产PSIXVNET
| Q4 25 | $424.7M | — | ||
| Q3 25 | $458.9M | $6.1B | ||
| Q2 25 | $437.7M | — | ||
| Q1 25 | $372.7M | $5.4B | ||
| Q4 24 | $328.2M | — | ||
| Q3 24 | $339.1M | $4.3B | ||
| Q2 24 | $307.6M | $4.0B | ||
| Q1 24 | $286.8M | $3.9B |
负债/权益比PSIXVNET
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.01× | 1.28× | ||
| Q2 24 | 0.01× | — | ||
| Q1 24 | 0.11× | — |
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 | $-4.6M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-7.6M | $-193.1M |
| 自由现金流率自由现金流/营收 | -4.0% | -53.2% |
| 资本支出强度资本支出/营收 | 1.6% | 84.6% |
| 现金转化率经营现金流/净利润 | -0.29× | — |
| 过去12个月自由现金流最近4个季度 | $14.1M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流PSIXVNET
| Q4 25 | $-4.6M | — | ||
| Q3 25 | $3.3M | $113.8M | ||
| Q2 25 | $16.7M | — | ||
| Q1 25 | $8.8M | $27.0M | ||
| Q4 24 | $32.7M | — | ||
| Q3 24 | $12.6M | $108.3M | ||
| Q2 24 | $1.5M | $55.8M | ||
| Q1 24 | $15.6M | $37.1M |
自由现金流PSIXVNET
| Q4 25 | $-7.6M | — | ||
| Q3 25 | $1.7M | $-193.1M | ||
| Q2 25 | $14.6M | — | ||
| Q1 25 | $5.4M | $-220.0M | ||
| Q4 24 | $30.0M | — | ||
| Q3 24 | $12.1M | $-95.0M | ||
| Q2 24 | $822.0K | $-81.6M | ||
| Q1 24 | $14.8M | $-102.2M |
自由现金流率PSIXVNET
| Q4 25 | -4.0% | — | ||
| Q3 25 | 0.8% | -53.2% | ||
| Q2 25 | 7.6% | — | ||
| Q1 25 | 4.0% | -71.1% | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 9.7% | -31.4% | ||
| Q2 24 | 0.7% | -29.8% | ||
| Q1 24 | 15.6% | -38.9% |
资本支出强度PSIXVNET
| Q4 25 | 1.6% | — | ||
| Q3 25 | 0.8% | 84.6% | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 2.5% | 79.8% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 0.3% | 67.3% | ||
| Q2 24 | 0.6% | 50.1% | ||
| Q1 24 | 0.9% | 53.0% |
现金转化率PSIXVNET
| Q4 25 | -0.29× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 1.40× | — | ||
| Q3 24 | 0.73× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 2.20× | — |
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
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
VNET
暂无分部数据
