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QUINSTREET, INC（QNST）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QUINSTREET, INC的1.3倍（$362.7M vs $287.8M），QUINSTREET, INC净利率更高（17.4% vs -10.7%，领先28.1%），QUINSTREET, INC自由现金流更多（$20.7M vs $-193.1M），过去两年QUINSTREET, INC的营收复合增速更高（53.2% vs 17.4%）
QuinStreet是一家总部位于美国加利福尼亚州福斯特城的上市网络营销企业，核心业务围绕优质域名资源展开，通过收储热门域名帮助客户获取流量，实现营销增长目标。
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。
QNST vs VNET — 直观对比
营收规模更大
VNET
是对方的1.3倍
$287.8M
净利率更高
QNST
高出28.1%
-10.7%
自由现金流更多
QNST
多$213.8M
$-193.1M
两年增速更快
QNST
近两年复合增速
17.4%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $287.8M | $362.7M |
| 净利润 | $50.2M | $-38.7M |
| 毛利率 | 9.6% | 20.9% |
| 营业利润率 | 0.4% | 0.5% |
| 净利率 | 17.4% | -10.7% |
| 营收同比 | 1.9% | — |
| 净利润同比 | 3342.5% | — |
| 每股收益（稀释后） | $0.87 | — |
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QNSTVNET
| Q4 25 | $287.8M | — | ||
| Q3 25 | $285.9M | $362.7M | ||
| Q1 25 | $269.8M | $309.5M | ||
| Q4 24 | $282.6M | — | ||
| Q3 24 | $279.2M | $302.2M | ||
| Q2 24 | $198.3M | $274.4M | ||
| Q1 24 | $168.6M | $262.9M | ||
| Q4 23 | $122.7M | — |
净利润QNSTVNET
| Q4 25 | $50.2M | — | ||
| Q3 25 | $4.5M | $-38.7M | ||
| Q1 25 | $4.4M | $-2.4M | ||
| Q4 24 | $-1.5M | — | ||
| Q3 24 | $-1.4M | $-2.1M | ||
| Q2 24 | $-2.2M | $-1.1M | ||
| Q1 24 | $-7.0M | $-22.0M | ||
| Q4 23 | $-11.6M | — |
毛利率QNSTVNET
| Q4 25 | 9.6% | — | ||
| Q3 25 | 9.4% | 20.9% | ||
| Q1 25 | 10.3% | 25.2% | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 10.2% | 23.2% | ||
| Q2 24 | 8.8% | 21.3% | ||
| Q1 24 | 8.5% | 21.6% | ||
| Q4 23 | 5.6% | — |
营业利润率QNSTVNET
| Q4 25 | 0.4% | — | ||
| Q3 25 | 1.7% | 0.5% | ||
| Q1 25 | 1.8% | 0.1% | ||
| Q4 24 | -0.5% | — | ||
| Q3 24 | -0.4% | 24.5% | ||
| Q2 24 | -0.7% | 0.2% | ||
| Q1 24 | -3.2% | 0.2% | ||
| Q4 23 | -9.3% | — |
净利率QNSTVNET
| Q4 25 | 17.4% | — | ||
| Q3 25 | 1.6% | -10.7% | ||
| Q1 25 | 1.6% | -0.8% | ||
| Q4 24 | -0.5% | — | ||
| Q3 24 | -0.5% | -0.7% | ||
| Q2 24 | -1.1% | -0.4% | ||
| Q1 24 | -4.2% | -8.4% | ||
| Q4 23 | -9.4% | — |
每股收益（稀释后）QNSTVNET
| Q4 25 | $0.87 | — | ||
| Q3 25 | $0.08 | — | ||
| Q1 25 | $0.08 | — | ||
| Q4 24 | $-0.03 | — | ||
| Q3 24 | $-0.02 | — | ||
| Q2 24 | $-0.04 | — | ||
| Q1 24 | $-0.13 | — | ||
| Q4 23 | $-0.21 | — |
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 | $107.0M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $294.4M | $890.8M |
| 总资产 | $493.0M | $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QNSTVNET
| Q4 25 | $107.0M | — | ||
| Q3 25 | $101.3M | $492.1M | ||
| Q1 25 | $81.8M | $544.3M | ||
| Q4 24 | $57.8M | — | ||
| Q3 24 | $25.0M | $219.5M | ||
| Q2 24 | $50.5M | $247.2M | ||
| Q1 24 | $39.6M | $246.9M | ||
| Q4 23 | $45.5M | — |
总债务QNSTVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
股东权益QNSTVNET
| Q4 25 | $294.4M | — | ||
| Q3 25 | $246.7M | $890.8M | ||
| Q1 25 | $235.5M | $927.8M | ||
| Q4 24 | $224.3M | — | ||
| Q3 24 | $219.8M | $902.9M | ||
| Q2 24 | $216.8M | $900.6M | ||
| Q1 24 | $215.0M | $895.1M | ||
| Q4 23 | $215.3M | — |
总资产QNSTVNET
| Q4 25 | $493.0M | — | ||
| Q3 25 | $442.6M | $6.1B | ||
| Q1 25 | $417.2M | $5.4B | ||
| Q4 24 | $409.6M | — | ||
| Q3 24 | $401.2M | $4.3B | ||
| Q2 24 | $368.5M | $4.0B | ||
| Q1 24 | $349.3M | $3.9B | ||
| Q4 23 | $320.9M | — |
负债/权益比QNSTVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 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 | $21.6M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $20.7M | $-193.1M |
| 自由现金流率自由现金流/营收 | 7.2% | -53.2% |
| 资本支出强度资本支出/营收 | 0.3% | 84.6% |
| 现金转化率经营现金流/净利润 | 0.43× | — |
| 过去12个月自由现金流最近4个季度 | $106.9M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流QNSTVNET
| Q4 25 | $21.6M | — | ||
| Q3 25 | $19.6M | $113.8M | ||
| Q1 25 | $30.1M | $27.0M | ||
| Q4 24 | $38.7M | — | ||
| Q3 24 | $-13.7M | $108.3M | ||
| Q2 24 | $16.6M | $55.8M | ||
| Q1 24 | $4.1M | $37.1M | ||
| Q4 23 | $-3.7M | — |
自由现金流QNSTVNET
| Q4 25 | $20.7M | — | ||
| Q3 25 | $18.4M | $-193.1M | ||
| Q1 25 | $29.5M | $-220.0M | ||
| Q4 24 | $38.2M | — | ||
| Q3 24 | $-14.1M | $-95.0M | ||
| Q2 24 | $15.4M | $-81.6M | ||
| Q1 24 | $2.9M | $-102.2M | ||
| Q4 23 | $-5.0M | — |
自由现金流率QNSTVNET
| Q4 25 | 7.2% | — | ||
| Q3 25 | 6.4% | -53.2% | ||
| Q1 25 | 10.9% | -71.1% | ||
| Q4 24 | 13.5% | — | ||
| Q3 24 | -5.1% | -31.4% | ||
| Q2 24 | 7.8% | -29.8% | ||
| Q1 24 | 1.7% | -38.9% | ||
| Q4 23 | -4.1% | — |
资本支出强度QNSTVNET
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.4% | 84.6% | ||
| Q1 25 | 0.2% | 79.8% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.2% | 67.3% | ||
| Q2 24 | 0.6% | 50.1% | ||
| Q1 24 | 0.7% | 53.0% | ||
| Q4 23 | 1.1% | — |
现金转化率QNSTVNET
| Q4 25 | 0.43× | — | ||
| Q3 25 | 4.32× | — | ||
| Q1 25 | 6.82× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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
QNST
| Financial Service | $216.8M | 75% |
| Home Services And Other Revenue | $71.0M | 25% |
VNET
暂无分部数据
