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BRC Group Holdings, Inc.（RILY）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BRC Group Holdings, Inc.的1.9倍（$362.7M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs -10.7%，领先58.6%），过去两年世纪互联的营收复合增速更高（17.4% vs -15.4%）
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。
RILY vs VNET — 直观对比
营收规模更大
VNET
是对方的1.9倍
$188.3M
净利率更高
RILY
高出58.6%
-10.7%
两年增速更快
VNET
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $188.3M | $362.7M |
| 净利润 | $90.3M | $-38.7M |
| 毛利率 | 79.5% | 20.9% |
| 营业利润率 | 32.3% | 0.5% |
| 净利率 | 47.9% | -10.7% |
| 营收同比 | -21.9% | — |
| 净利润同比 | 1710.8% | — |
| 每股收益（稀释后） | $2.78 | — |
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RILYVNET
| Q4 25 | $188.3M | — | ||
| Q3 25 | $215.3M | $362.7M | ||
| Q2 25 | $188.2M | — | ||
| Q1 25 | $197.2M | $309.5M | ||
| Q4 24 | $241.0M | — | ||
| Q3 24 | $225.5M | $302.2M | ||
| Q2 24 | $256.0M | $274.4M | ||
| Q1 24 | $263.4M | $262.9M |
净利润RILYVNET
| Q4 25 | $90.3M | — | ||
| Q3 25 | $91.1M | $-38.7M | ||
| Q2 25 | $139.5M | — | ||
| Q1 25 | $-10.0M | $-2.4M | ||
| Q4 24 | $-5.6M | — | ||
| Q3 24 | $-284.4M | $-2.1M | ||
| Q2 24 | $-433.6M | $-1.1M | ||
| Q1 24 | $-49.2M | $-22.0M |
毛利率RILYVNET
| Q4 25 | 79.5% | — | ||
| Q3 25 | 83.7% | 20.9% | ||
| Q2 25 | 81.3% | — | ||
| Q1 25 | 81.4% | 25.2% | ||
| Q4 24 | 79.8% | — | ||
| Q3 24 | 82.1% | 23.2% | ||
| Q2 24 | 84.5% | 21.3% | ||
| Q1 24 | 85.3% | 21.6% |
营业利润率RILYVNET
| Q4 25 | 32.3% | — | ||
| Q3 25 | 30.4% | 0.5% | ||
| Q2 25 | 5.7% | — | ||
| Q1 25 | -31.2% | 0.1% | ||
| Q4 24 | -69.2% | — | ||
| Q3 24 | -36.4% | 24.5% | ||
| Q2 24 | -90.8% | 0.2% | ||
| Q1 24 | -6.1% | 0.2% |
净利率RILYVNET
| Q4 25 | 47.9% | — | ||
| Q3 25 | 42.3% | -10.7% | ||
| Q2 25 | 74.1% | — | ||
| Q1 25 | -5.1% | -0.8% | ||
| Q4 24 | -2.3% | — | ||
| Q3 24 | -126.1% | -0.7% | ||
| Q2 24 | -169.4% | -0.4% | ||
| Q1 24 | -18.7% | -8.4% |
每股收益（稀释后）RILYVNET
| Q4 25 | $2.78 | — | ||
| Q3 25 | $2.91 | — | ||
| Q2 25 | $4.50 | — | ||
| Q1 25 | $-0.39 | — | ||
| Q4 24 | $-0.01 | — | ||
| Q3 24 | $-9.39 | — | ||
| Q2 24 | $-14.35 | — | ||
| Q1 24 | $-1.71 | — |
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 | $226.6M | $492.1M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $-171.5M | $890.8M |
| 总资产 | $1.7B | $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RILYVNET
| Q4 25 | $226.6M | — | ||
| Q3 25 | $184.2M | $492.1M | ||
| Q2 25 | $267.4M | — | ||
| Q1 25 | $138.3M | $544.3M | ||
| Q4 24 | $146.9M | — | ||
| Q3 24 | $159.2M | $219.5M | ||
| Q2 24 | $236.9M | $247.2M | ||
| Q1 24 | $190.7M | $246.9M |
总债务RILYVNET
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益RILYVNET
| Q4 25 | $-171.5M | — | ||
| Q3 25 | $-260.5M | $890.8M | ||
| Q2 25 | $-351.7M | — | ||
| Q1 25 | $-496.8M | $927.8M | ||
| Q4 24 | $-488.2M | — | ||
| Q3 24 | $-497.6M | $902.9M | ||
| Q2 24 | $-218.3M | $900.6M | ||
| Q1 24 | $228.4M | $895.1M |
总资产RILYVNET
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $6.1B | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | $5.4B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $2.2B | $4.3B | ||
| Q2 24 | $3.2B | $4.0B | ||
| Q1 24 | $5.0B | $3.9B |
负债/权益比RILYVNET
| 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 | $26.2M | $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 | 0.29× | — |
| 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RILYVNET
| Q4 25 | $26.2M | — | ||
| Q3 25 | $-60.6M | $113.8M | ||
| Q2 25 | $-25.6M | — | ||
| Q1 25 | $184.0K | $27.0M | ||
| Q4 24 | $-2.7M | — | ||
| Q3 24 | $19.5M | $108.3M | ||
| Q2 24 | $111.5M | $55.8M | ||
| Q1 24 | $135.4M | $37.1M |
自由现金流RILYVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率RILYVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度RILYVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率RILYVNET
| Q4 25 | 0.29× | — | ||
| Q3 25 | -0.66× | — | ||
| Q2 25 | -0.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
VNET
暂无分部数据
