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简柏特（REXR）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简柏特的1.5倍（$362.7M vs $245.1M），简柏特净利率更高（0.5% vs -10.7%，领先11.2%），过去两年世纪互联的营收复合增速更高（17.4% vs 1.6%）
简柏特是全球知名的信息技术服务、咨询及外包提供商，成立于印度古尔冈，注册地为百慕大，总部设于美国纽约。目前全球员工超12.5万人，服务覆盖30余个国家，于纽交所上市，2023年营收达44.8亿美元。
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。
REXR vs VNET — 直观对比
营收规模更大
VNET
是对方的1.5倍
$245.1M
净利率更高
REXR
高出11.2%
-10.7%
两年增速更快
VNET
近两年复合增速
1.6%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $245.1M | $362.7M |
| 净利润 | $1.2M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 41.0% | 0.5% |
| 净利率 | 0.5% | -10.7% |
| 营收同比 | -2.9% | — |
| 净利润同比 | 27.7% | — |
| 每股收益（稀释后） | $0.38 | — |
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REXRVNET
| Q1 26 | $245.1M | — | ||
| Q4 25 | $248.1M | — | ||
| Q3 25 | $253.2M | $362.7M | ||
| Q2 25 | $249.5M | — | ||
| Q1 25 | $252.3M | $309.5M | ||
| Q4 24 | $242.9M | — | ||
| Q3 24 | $241.8M | $302.2M | ||
| Q2 24 | $237.6M | $274.4M |
净利润REXRVNET
| Q1 26 | $1.2M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $89.9M | $-38.7M | ||
| Q2 25 | $116.3M | — | ||
| Q1 25 | $71.2M | $-2.4M | ||
| Q4 24 | $64.9M | — | ||
| Q3 24 | $67.8M | $-2.1M | ||
| Q2 24 | $82.5M | $-1.1M |
毛利率REXRVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% |
营业利润率REXRVNET
| Q1 26 | 41.0% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 0.2% |
净利率REXRVNET
| Q1 26 | 0.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 35.5% | -10.7% | ||
| Q2 25 | 46.6% | — | ||
| Q1 25 | 28.2% | -0.8% | ||
| Q4 24 | 26.7% | — | ||
| Q3 24 | 28.0% | -0.7% | ||
| Q2 24 | 34.7% | -0.4% |
每股收益（稀释后）REXRVNET
| Q1 26 | $0.38 | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $0.37 | — | ||
| Q2 25 | $0.48 | — | ||
| Q1 25 | $0.30 | — | ||
| Q4 24 | $0.26 | — | ||
| Q3 24 | $0.30 | — | ||
| Q2 24 | $0.37 | — |
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 | $51.7M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.3B | $890.8M |
| 总资产 | $12.4B | $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REXRVNET
| Q1 26 | $51.7M | — | ||
| Q4 25 | $165.8M | — | ||
| Q3 25 | $249.0M | $492.1M | ||
| Q2 25 | $431.1M | — | ||
| Q1 25 | $504.6M | $544.3M | ||
| Q4 24 | $56.0M | — | ||
| Q3 24 | $61.8M | $219.5M | ||
| Q2 24 | $125.7M | $247.2M |
总债务REXRVNET
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.4B | $1.2B | ||
| Q2 24 | $3.3B | — |
股东权益REXRVNET
| Q1 26 | $8.3B | — | ||
| Q4 25 | $8.5B | — | ||
| Q3 25 | $8.7B | $890.8M | ||
| Q2 25 | $8.8B | — | ||
| Q1 25 | $8.8B | $927.8M | ||
| Q4 24 | $8.3B | — | ||
| Q3 24 | $8.1B | $902.9M | ||
| Q2 24 | $8.0B | $900.6M |
总资产REXRVNET
| Q1 26 | $12.4B | — | ||
| Q4 25 | $12.6B | — | ||
| Q3 25 | $12.9B | $6.1B | ||
| Q2 25 | $13.1B | — | ||
| Q1 25 | $13.1B | $5.4B | ||
| Q4 24 | $12.6B | — | ||
| Q3 24 | $12.4B | $4.3B | ||
| Q2 24 | $12.4B | $4.0B |
负债/权益比REXRVNET
| Q1 26 | — | — | ||
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.42× | 1.28× | ||
| Q2 24 | 0.42× | — |
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 | — | $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 | — | — |
| 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REXRVNET
| Q1 26 | — | — | ||
| Q4 25 | $542.1M | — | ||
| Q3 25 | $149.6M | $113.8M | ||
| Q2 25 | $128.2M | — | ||
| Q1 25 | $152.6M | $27.0M | ||
| Q4 24 | $478.9M | — | ||
| Q3 24 | $127.2M | $108.3M | ||
| Q2 24 | $101.7M | $55.8M |
自由现金流REXRVNET
| Q1 26 | — | — | ||
| Q4 25 | $208.7M | — | ||
| Q3 25 | $60.5M | $-193.1M | ||
| Q2 25 | $45.0M | — | ||
| Q1 25 | $73.4M | $-220.0M | ||
| Q4 24 | $105.5M | — | ||
| Q3 24 | $7.2M | $-95.0M | ||
| Q2 24 | $16.5M | $-81.6M |
自由现金流率REXRVNET
| Q1 26 | — | — | ||
| Q4 25 | 84.1% | — | ||
| Q3 25 | 23.9% | -53.2% | ||
| Q2 25 | 18.0% | — | ||
| Q1 25 | 29.1% | -71.1% | ||
| Q4 24 | 43.4% | — | ||
| Q3 24 | 3.0% | -31.4% | ||
| Q2 24 | 7.0% | -29.8% |
资本支出强度REXRVNET
| Q1 26 | — | — | ||
| Q4 25 | 134.4% | — | ||
| Q3 25 | 35.2% | 84.6% | ||
| Q2 25 | 33.3% | — | ||
| Q1 25 | 31.4% | 79.8% | ||
| Q4 24 | 153.7% | — | ||
| Q3 24 | 49.6% | 67.3% | ||
| Q2 24 | 35.8% | 50.1% |
现金转化率REXRVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.66× | — | ||
| Q2 25 | 1.10× | — | ||
| Q1 25 | 2.14× | — | ||
| Q4 24 | 7.38× | — | ||
| Q3 24 | 1.88× | — | ||
| Q2 24 | 1.23× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
