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奇富科技（QFIN）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
奇富科技的季度营收约是世纪互联的2.0倍（$731.2M vs $362.7M），奇富科技净利率更高（27.5% vs -10.7%，领先38.2%），过去两年世纪互联的营收复合增速更高（17.4% vs 16.4%）
奇富科技（原360数科）是中国头部金融科技企业，主要为持牌金融机构提供智能风控、信贷技术解决方案，服务广大个人消费者及中小微企业，依托大数据、人工智能技术提升金融服务的普惠性与运营效率。
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。
QFIN vs VNET — 直观对比
营收规模更大
QFIN
是对方的2.0倍
$362.7M
净利率更高
QFIN
高出38.2%
-10.7%
两年增速更快
VNET
近两年复合增速
16.4%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $731.2M | $362.7M |
| 净利润 | $201.2M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 32.7% | 0.5% |
| 净利率 | 27.5% | -10.7% |
| 营收同比 | — | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | — |
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QFINVNET
| Q3 25 | $731.2M | $362.7M | ||
| Q2 25 | $728.1M | — | ||
| Q1 25 | $646.4M | $309.5M | ||
| Q3 24 | $622.7M | $302.2M | ||
| Q2 24 | $572.4M | $274.4M | ||
| Q1 24 | $575.2M | $262.9M | ||
| Q3 23 | $586.8M | $258.6M | ||
| Q2 23 | $539.8M | $251.2M |
净利润QFINVNET
| Q3 25 | $201.2M | $-38.7M | ||
| Q2 25 | $241.6M | — | ||
| Q1 25 | $247.6M | $-2.4M | ||
| Q3 24 | $256.3M | $-2.1M | ||
| Q2 24 | $189.4M | $-1.1M | ||
| Q1 24 | $160.7M | $-22.0M | ||
| Q3 23 | $155.9M | $-5.5M | ||
| Q2 23 | $150.8M | — |
毛利率QFINVNET
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% | ||
| Q3 23 | — | 16.2% | ||
| Q2 23 | — | 18.8% |
营业利润率QFINVNET
| Q3 25 | 32.7% | 0.5% | ||
| Q2 25 | 41.0% | — | ||
| Q1 25 | 42.1% | 0.1% | ||
| Q3 24 | 52.4% | 24.5% | ||
| Q2 24 | 47.7% | 0.2% | ||
| Q1 24 | 32.8% | 0.2% | ||
| Q3 23 | 32.4% | 1.7% | ||
| Q2 23 | 30.2% | 5.1% |
净利率QFINVNET
| Q3 25 | 27.5% | -10.7% | ||
| Q2 25 | 33.2% | — | ||
| Q1 25 | 38.3% | -0.8% | ||
| Q3 24 | 41.2% | -0.7% | ||
| Q2 24 | 33.1% | -0.4% | ||
| Q1 24 | 27.9% | -8.4% | ||
| Q3 23 | 26.6% | -2.1% | ||
| Q2 23 | 27.9% | — |
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 | $6.5B | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $24.3B | $890.8M |
| 总资产 | $61.4B | $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QFINVNET
| Q3 25 | $6.5B | $492.1M | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $8.6B | $544.3M | ||
| Q3 24 | $4.3B | $219.5M | ||
| Q2 24 | $6.3B | $247.2M | ||
| Q1 24 | $5.3B | $246.9M | ||
| Q3 23 | $4.9B | $370.4M | ||
| Q2 23 | $5.3B | $325.9M |
总债务QFINVNET
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
股东权益QFINVNET
| Q3 25 | $24.3B | $890.8M | ||
| Q2 25 | $24.1B | — | ||
| Q1 25 | $23.1B | $927.8M | ||
| Q3 24 | $22.9B | $902.9M | ||
| Q2 24 | $22.6B | $900.6M | ||
| Q1 24 | $22.1B | $895.1M | ||
| Q3 23 | $21.1B | $942.7M | ||
| Q2 23 | $20.9B | $952.6M |
总资产QFINVNET
| Q3 25 | $61.4B | $6.1B | ||
| Q2 25 | $59.8B | — | ||
| Q1 25 | $55.6B | $5.4B | ||
| Q3 24 | $47.0B | $4.3B | ||
| Q2 24 | $47.0B | $4.0B | ||
| Q1 24 | $47.4B | $3.9B | ||
| Q3 23 | $46.0B | $4.1B | ||
| Q2 23 | $43.4B | $4.0B |
负债/权益比QFINVNET
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
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 | $351.4M | $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 | 1.75× | — |
| 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QFINVNET
| Q3 25 | $351.4M | $113.8M | ||
| Q2 25 | $366.0M | — | ||
| Q1 25 | $386.6M | $27.0M | ||
| Q3 24 | $338.0M | $108.3M | ||
| Q2 24 | $269.9M | $55.8M | ||
| Q1 24 | $271.2M | $37.1M | ||
| Q3 23 | $170.5M | $62.3M | ||
| Q2 23 | $242.9M | $58.4M |
自由现金流QFINVNET
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M | ||
| Q3 23 | — | $-67.5M | ||
| Q2 23 | — | $4.0M |
自由现金流率QFINVNET
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% | ||
| Q3 23 | — | -26.1% | ||
| Q2 23 | — | 1.6% |
资本支出强度QFINVNET
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% | ||
| Q3 23 | — | 50.2% | ||
| Q2 23 | — | 21.7% |
现金转化率QFINVNET
| Q3 25 | 1.75× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 1.56× | — | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 1.43× | — | ||
| Q1 24 | 1.69× | — | ||
| Q3 23 | 1.09× | — | ||
| Q2 23 | 1.61× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
