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Sabra Health Care REIT, Inc.（SBRA）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Sabra Health Care REIT, Inc.的1.6倍（$362.7M vs $221.8M），Sabra Health Care REIT, Inc.净利率更高（18.4% vs -10.7%，领先29.1%），过去两年世纪互联的营收复合增速更高（17.4% vs 12.2%）
Sabra Health Care REIT, Inc. 是一家专注于医疗保健领域的房地产投资信托公司，投资、持有并运营包括养老社区、专业护理中心、专科医院及医疗办公楼在内的各类医疗地产资产，主要业务覆盖美国全境。
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。
SBRA vs VNET — 直观对比
营收规模更大
VNET
是对方的1.6倍
$221.8M
净利率更高
SBRA
高出29.1%
-10.7%
两年增速更快
VNET
近两年复合增速
12.2%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $221.8M | $362.7M |
| 净利润 | $40.8M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | — | 0.5% |
| 净利率 | 18.4% | -10.7% |
| 营收同比 | 20.8% | — |
| 净利润同比 | 1.3% | — |
| 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SBRAVNET
| Q1 26 | $221.8M | — | ||
| Q4 25 | $211.9M | — | ||
| Q3 25 | $190.0M | $362.7M | ||
| Q2 25 | $189.2M | — | ||
| Q1 25 | $183.5M | $309.5M | ||
| Q4 24 | $182.3M | — | ||
| Q3 24 | $178.0M | $302.2M | ||
| Q2 24 | $176.1M | $274.4M |
净利润SBRAVNET
| Q1 26 | $40.8M | — | ||
| Q4 25 | $27.2M | — | ||
| Q3 25 | $22.5M | $-38.7M | ||
| Q2 25 | $65.5M | — | ||
| Q1 25 | $40.3M | $-2.4M | ||
| Q4 24 | $46.7M | — | ||
| Q3 24 | $29.8M | $-2.1M | ||
| Q2 24 | $24.0M | $-1.1M |
毛利率SBRAVNET
| 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SBRAVNET
| Q1 26 | — | — | ||
| Q4 25 | 12.3% | — | ||
| Q3 25 | 11.4% | 0.5% | ||
| Q2 25 | 34.5% | — | ||
| Q1 25 | 22.1% | 0.1% | ||
| Q4 24 | 25.9% | — | ||
| Q3 24 | 16.5% | 24.5% | ||
| Q2 24 | 13.8% | 0.2% |
净利率SBRAVNET
| Q1 26 | 18.4% | — | ||
| Q4 25 | 12.8% | — | ||
| Q3 25 | 11.9% | -10.7% | ||
| Q2 25 | 34.7% | — | ||
| Q1 25 | 22.0% | -0.8% | ||
| Q4 24 | 25.6% | — | ||
| Q3 24 | 16.7% | -0.7% | ||
| Q2 24 | 13.6% | -0.4% |
每股收益（稀释后）SBRAVNET
| Q1 26 | — | — | ||
| Q4 25 | $0.11 | — | ||
| Q3 25 | $0.09 | — | ||
| Q2 25 | $0.27 | — | ||
| Q1 25 | $0.17 | — | ||
| Q4 24 | $0.20 | — | ||
| Q3 24 | $0.13 | — | ||
| Q2 24 | $0.10 | — |
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 | $116.5M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.8B | $890.8M |
| 总资产 | $5.6B | $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SBRAVNET
| Q1 26 | $116.5M | — | ||
| Q4 25 | $71.5M | — | ||
| Q3 25 | $200.6M | $492.1M | ||
| Q2 25 | $95.2M | — | ||
| Q1 25 | $22.7M | $544.3M | ||
| Q4 24 | $60.5M | — | ||
| Q3 24 | $63.0M | $219.5M | ||
| Q2 24 | $36.4M | $247.2M |
总债务SBRAVNET
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.5B | $1.2B | ||
| Q2 24 | $2.4B | — |
股东权益SBRAVNET
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.8B | $890.8M | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.7B | $927.8M | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | $902.9M | ||
| Q2 24 | $2.8B | $900.6M |
总资产SBRAVNET
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.5B | — | ||
| Q3 25 | $5.6B | $6.1B | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.2B | $5.4B | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $5.4B | $4.3B | ||
| Q2 24 | $5.4B | $4.0B |
负债/权益比SBRAVNET
| Q1 26 | — | — | ||
| Q4 25 | 0.90× | — | ||
| Q3 25 | 0.92× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 0.89× | — | ||
| Q4 24 | 0.88× | — | ||
| Q3 24 | 0.90× | 1.28× | ||
| Q2 24 | 0.89× | — |
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 | $98.4M | $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 | 2.41× | — |
| 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SBRAVNET
| Q1 26 | $98.4M | — | ||
| Q4 25 | $348.6M | — | ||
| Q3 25 | $100.0M | $113.8M | ||
| Q2 25 | $81.0M | — | ||
| Q1 25 | $80.3M | $27.0M | ||
| Q4 24 | $310.5M | — | ||
| Q3 24 | $97.7M | $108.3M | ||
| Q2 24 | $80.1M | $55.8M |
自由现金流SBRAVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M |
自由现金流率SBRAVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% |
资本支出强度SBRAVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% |
现金转化率SBRAVNET
| Q1 26 | 2.41× | — | ||
| Q4 25 | 12.80× | — | ||
| Q3 25 | 4.44× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.99× | — | ||
| Q4 24 | 6.65× | — | ||
| Q3 24 | 3.28× | — | ||
| Q2 24 | 3.34× | — |
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
SBRA
| Resident fees and services | $116.7M | 53% |
| Rental and related revenues (1) | $95.0M | 43% |
| Other | $10.0M | 5% |
VNET
暂无分部数据
