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永利度假村有限公司（RRR）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
永利度假村有限公司的季度营收约是世纪互联的1.4倍（$507.3M vs $362.7M），永利度假村有限公司净利率更高（16.3% vs -10.7%，领先27.0%），过去两年世纪互联的营收复合增速更高（17.4% vs 2.1%）
永利度假村有限公司是总部位于美国内华达州帕拉代斯的上市企业，专注于高端酒店与赌场的开发及运营。公司由前梦幻度假村集团董事长兼首席执行官史蒂夫·永利于2002年创立，现任首席执行官为克雷格·比林斯，截至2020年共开发了6处物业。
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。
RRR vs VNET — 直观对比
营收规模更大
RRR
是对方的1.4倍
$362.7M
净利率更高
RRR
高出27.0%
-10.7%
两年增速更快
VNET
近两年复合增速
2.1%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $507.3M | $362.7M |
| 净利润 | $82.7M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 28.3% | 0.5% |
| 净利率 | 16.3% | -10.7% |
| 营收同比 | 1.9% | — |
| 净利润同比 | -3.8% | — |
| 每股收益（稀释后） | $0.73 | — |
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RRRVNET
| Q1 26 | $507.3M | — | ||
| Q4 25 | $511.8M | — | ||
| Q3 25 | $475.6M | $362.7M | ||
| Q2 25 | $526.3M | — | ||
| Q1 25 | $497.9M | $309.5M | ||
| Q4 24 | $495.7M | — | ||
| Q3 24 | $468.0M | $302.2M | ||
| Q2 24 | $486.4M | $274.4M |
净利润RRRVNET
| Q1 26 | $82.7M | — | ||
| Q4 25 | $44.7M | — | ||
| Q3 25 | $42.3M | $-38.7M | ||
| Q2 25 | $56.4M | — | ||
| Q1 25 | $44.7M | $-2.4M | ||
| Q4 24 | $46.6M | — | ||
| Q3 24 | $29.0M | $-2.1M | ||
| Q2 24 | $35.7M | $-1.1M |
毛利率RRRVNET
| 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RRRVNET
| Q1 26 | 28.3% | — | ||
| Q4 25 | 28.1% | — | ||
| Q3 25 | 27.6% | 0.5% | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | 31.0% | 0.1% | ||
| Q4 24 | 28.7% | — | ||
| Q3 24 | 27.9% | 24.5% | ||
| Q2 24 | 28.8% | 0.2% |
净利率RRRVNET
| Q1 26 | 16.3% | — | ||
| Q4 25 | 8.7% | — | ||
| Q3 25 | 8.9% | -10.7% | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | 9.0% | -0.8% | ||
| Q4 24 | 9.4% | — | ||
| Q3 24 | 6.2% | -0.7% | ||
| Q2 24 | 7.3% | -0.4% |
每股收益（稀释后）RRRVNET
| Q1 26 | $0.73 | — | ||
| Q4 25 | $0.74 | — | ||
| Q3 25 | $0.68 | — | ||
| Q2 25 | $0.95 | — | ||
| Q1 25 | $0.75 | — | ||
| Q4 24 | $0.78 | — | ||
| Q3 24 | $0.48 | — | ||
| Q2 24 | $0.59 | — |
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 | — | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $890.8M |
| 总资产 | — | $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RRRVNET
| Q1 26 | — | — | ||
| Q4 25 | $142.5M | — | ||
| Q3 25 | $129.8M | $492.1M | ||
| Q2 25 | $145.2M | — | ||
| Q1 25 | $150.6M | $544.3M | ||
| Q4 24 | $164.4M | — | ||
| Q3 24 | $117.5M | $219.5M | ||
| Q2 24 | $136.4M | $247.2M |
总债务RRRVNET
| Q1 26 | — | — | ||
| Q4 25 | $3.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益RRRVNET
| Q1 26 | — | — | ||
| Q4 25 | $208.3M | — | ||
| Q3 25 | $219.6M | $890.8M | ||
| Q2 25 | $203.4M | — | ||
| Q1 25 | $247.1M | $927.8M | ||
| Q4 24 | $215.1M | — | ||
| Q3 24 | $175.5M | $902.9M | ||
| Q2 24 | $159.0M | $900.6M |
总资产RRRVNET
| Q1 26 | — | — | ||
| Q4 25 | $4.2B | — | ||
| Q3 25 | $4.1B | $6.1B | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.1B | $5.4B | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $4.0B | $4.3B | ||
| Q2 24 | $4.0B | $4.0B |
负债/权益比RRRVNET
| Q1 26 | — | — | ||
| Q4 25 | 16.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 15.84× | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 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 | — | $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RRRVNET
| Q1 26 | — | — | ||
| Q4 25 | $156.6M | — | ||
| Q3 25 | $168.3M | $113.8M | ||
| Q2 25 | $158.4M | — | ||
| Q1 25 | $126.2M | $27.0M | ||
| Q4 24 | $148.2M | — | ||
| Q3 24 | $131.0M | $108.3M | ||
| Q2 24 | $142.5M | $55.8M |
自由现金流RRRVNET
| Q1 26 | — | — | ||
| Q4 25 | $77.7M | — | ||
| Q3 25 | $74.6M | $-193.1M | ||
| Q2 25 | $80.3M | — | ||
| Q1 25 | $58.0M | $-220.0M | ||
| Q4 24 | $121.4M | — | ||
| Q3 24 | $50.7M | $-95.0M | ||
| Q2 24 | $64.0M | $-81.6M |
自由现金流率RRRVNET
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | — | ||
| Q3 25 | 15.7% | -53.2% | ||
| Q2 25 | 15.3% | — | ||
| Q1 25 | 11.6% | -71.1% | ||
| Q4 24 | 24.5% | — | ||
| Q3 24 | 10.8% | -31.4% | ||
| Q2 24 | 13.1% | -29.8% |
资本支出强度RRRVNET
| Q1 26 | — | — | ||
| Q4 25 | 15.4% | — | ||
| Q3 25 | 19.7% | 84.6% | ||
| Q2 25 | 14.9% | — | ||
| Q1 25 | 13.7% | 79.8% | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 17.2% | 67.3% | ||
| Q2 24 | 16.2% | 50.1% |
现金转化率RRRVNET
| Q1 26 | — | — | ||
| Q4 25 | 3.51× | — | ||
| Q3 25 | 3.98× | — | ||
| Q2 25 | 2.81× | — | ||
| Q1 25 | 2.82× | — | ||
| Q4 24 | 3.18× | — | ||
| Q3 24 | 4.53× | — | ||
| Q2 24 | 4.00× | — |
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
RRR
| Casino | $340.5M | 67% |
| Food and beverage | $90.3M | 18% |
| Room | $45.5M | 9% |
| Other | $26.2M | 5% |
| Native American management and development fees | $4.7M | 1% |
VNET
暂无分部数据
