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RAYONIER INC（RYN）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RAYONIER INC的1.3倍（$362.7M vs $276.8M），RAYONIER INC净利率更高（-4.5% vs -10.7%，领先6.2%），过去两年RAYONIER INC的营收复合增速更高（66.7% vs 17.4%）
Rayonier Inc.是总部位于佛罗里达州怀尔德莱特的林地房地产投资信托（REIT），资产分布在美国和新西兰的软木种植区域，核心业务板块为木材业务与房地产业务。
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。
RYN vs VNET — 直观对比
营收规模更大
VNET
是对方的1.3倍
$276.8M
净利率更高
RYN
高出6.2%
-10.7%
两年增速更快
RYN
近两年复合增速
17.4%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $276.8M | $362.7M |
| 净利润 | $-12.4M | $-38.7M |
| 毛利率 | 100.0% | 20.9% |
| 营业利润率 | — | 0.5% |
| 净利率 | -4.5% | -10.7% |
| 营收同比 | 233.9% | — |
| 净利润同比 | -264.7% | — |
| 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RYNVNET
| Q1 26 | $276.8M | — | ||
| Q4 25 | $117.5M | — | ||
| Q3 25 | $177.5M | $362.7M | ||
| Q2 25 | $106.5M | — | ||
| Q1 25 | $82.9M | $309.5M | ||
| Q4 24 | $650.5M | — | ||
| Q3 24 | $124.1M | $302.2M | ||
| Q2 24 | $99.6M | $274.4M |
净利润RYNVNET
| Q1 26 | $-12.4M | — | ||
| Q4 25 | $25.9M | — | ||
| Q3 25 | $43.2M | $-38.7M | ||
| Q2 25 | $408.7M | — | ||
| Q1 25 | $-3.4M | $-2.4M | ||
| Q4 24 | $327.1M | — | ||
| Q3 24 | $28.8M | $-2.1M | ||
| Q2 24 | $1.9M | $-1.1M |
毛利率RYNVNET
| Q1 26 | 100.0% | — | ||
| Q4 25 | 41.9% | — | ||
| Q3 25 | 32.9% | 20.9% | ||
| Q2 25 | 29.7% | — | ||
| Q1 25 | 21.7% | 25.2% | ||
| Q4 24 | 53.8% | — | ||
| Q3 24 | 30.4% | 23.2% | ||
| Q2 24 | 25.4% | 21.3% |
营业利润率RYNVNET
| Q1 26 | — | — | ||
| Q4 25 | 23.0% | — | ||
| Q3 25 | 23.5% | 0.5% | ||
| Q2 25 | 13.7% | — | ||
| Q1 25 | 0.1% | 0.1% | ||
| Q4 24 | 47.7% | — | ||
| Q3 24 | 15.2% | 24.5% | ||
| Q2 24 | 4.6% | 0.2% |
净利率RYNVNET
| Q1 26 | -4.5% | — | ||
| Q4 25 | 22.1% | — | ||
| Q3 25 | 24.3% | -10.7% | ||
| Q2 25 | 383.6% | — | ||
| Q1 25 | -4.1% | -0.8% | ||
| Q4 24 | 45.1% | — | ||
| Q3 24 | 23.2% | -0.7% | ||
| Q2 24 | 1.9% | -0.4% |
每股收益（稀释后）RYNVNET
| Q1 26 | — | — | ||
| Q4 25 | $0.14 | — | ||
| Q3 25 | $0.28 | — | ||
| Q2 25 | $2.63 | — | ||
| Q1 25 | $-0.02 | — | ||
| Q4 24 | $2.18 | — | ||
| Q3 24 | $0.19 | — | ||
| Q2 24 | $0.01 | — |
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 | $681.7M | $492.1M |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $5.3B | $890.8M |
| 总资产 | $7.7B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.39× | — |
8季度趋势，按日历期对齐
现金及短期投资RYNVNET
| Q1 26 | $681.7M | — | ||
| Q4 25 | $842.9M | — | ||
| Q3 25 | $919.6M | $492.1M | ||
| Q2 25 | $892.3M | — | ||
| Q1 25 | $216.2M | $544.3M | ||
| Q4 24 | $303.1M | — | ||
| Q3 24 | $51.9M | $219.5M | ||
| Q2 24 | $120.2M | $247.2M |
总债务RYNVNET
| Q1 26 | $2.1B | — | ||
| Q4 25 | $845.3M | — | ||
| Q3 25 | $845.1M | — | ||
| Q2 25 | $844.9M | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.4B | — |
股东权益RYNVNET
| Q1 26 | $5.3B | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.3B | $890.8M | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $1.9B | $927.8M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | $902.9M | ||
| Q2 24 | $1.8B | $900.6M |
总资产RYNVNET
| Q1 26 | $7.7B | — | ||
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.5B | $6.1B | ||
| Q2 25 | $3.5B | — | ||
| Q1 25 | $3.4B | $5.4B | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.5B | $4.3B | ||
| Q2 24 | $3.5B | $4.0B |
负债/权益比RYNVNET
| Q1 26 | 0.39× | — | ||
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.37× | — | ||
| Q1 25 | 0.55× | — | ||
| Q4 24 | 0.59× | — | ||
| Q3 24 | 0.72× | 1.28× | ||
| Q2 24 | 0.75× | — |
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 | 7.4% | 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RYNVNET
| Q1 26 | — | — | ||
| Q4 25 | $256.7M | — | ||
| Q3 25 | $116.2M | $113.8M | ||
| Q2 25 | $61.0M | — | ||
| Q1 25 | $27.7M | $27.0M | ||
| Q4 24 | $261.6M | — | ||
| Q3 24 | $66.2M | $108.3M | ||
| Q2 24 | $55.3M | $55.8M |
自由现金流RYNVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $99.9M | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $42.2M | $-95.0M | ||
| Q2 24 | — | $-81.6M |
自由现金流率RYNVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 56.3% | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | 34.0% | -31.4% | ||
| Q2 24 | — | -29.8% |
资本支出强度RYNVNET
| Q1 26 | 7.4% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 9.2% | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 19.3% | 67.3% | ||
| Q2 24 | — | 50.1% |
现金转化率RYNVNET
| Q1 26 | — | — | ||
| Q4 25 | 9.91× | — | ||
| Q3 25 | 2.69× | — | ||
| Q2 25 | 0.15× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | 2.30× | — | ||
| Q2 24 | 29.07× | — |
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
RYN
| Wood Products | $108.5M | 39% |
| Southern Timber | $88.7M | 32% |
| Real Estate | $59.8M | 22% |
| Northwest Timber | $32.1M | 12% |
VNET
暂无分部数据
