vs
Solaris Energy Infrastructure, Inc.（SEI）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Solaris Energy Infrastructure, Inc.的1.8倍（$362.7M vs $196.2M），Solaris Energy Infrastructure, Inc.净利率更高（16.3% vs -10.7%，领先27.0%），过去两年Solaris Energy Infrastructure, Inc.的营收复合增速更高（63.0% vs 17.4%）
AGL能源有限公司是澳大利亚上市企业，业务涵盖民用及商用电力、天然气的生产与零售，是国家电力市场三大零售商之一。作为澳大利亚最大的电力生产商，该公司同时也是该国最大的碳排放主体。
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。
SEI vs VNET — 直观对比
营收规模更大
VNET
是对方的1.8倍
$196.2M
净利率更高
SEI
高出27.0%
-10.7%
两年增速更快
SEI
近两年复合增速
17.4%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $196.2M | $362.7M |
| 净利润 | $32.1M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 25.8% | 0.5% |
| 净利率 | 16.3% | -10.7% |
| 营收同比 | 9.2% | — |
| 净利润同比 | 1013.5% | — |
| 每股收益（稀释后） | $0.32 | — |
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SEIVNET
| Q1 26 | $196.2M | — | ||
| Q4 25 | $179.7M | — | ||
| Q3 25 | $166.8M | $362.7M | ||
| Q2 25 | $149.3M | — | ||
| Q1 25 | $126.3M | $309.5M | ||
| Q4 24 | $96.3M | — | ||
| Q3 24 | $75.0M | $302.2M | ||
| Q2 24 | $73.9M | $274.4M |
净利润SEIVNET
| Q1 26 | $32.1M | — | ||
| Q4 25 | $-1.7M | — | ||
| Q3 25 | $14.6M | $-38.7M | ||
| Q2 25 | $12.0M | — | ||
| Q1 25 | $5.3M | $-2.4M | ||
| Q4 24 | $6.3M | — | ||
| Q3 24 | $-968.0K | $-2.1M | ||
| Q2 24 | $6.2M | $-1.1M |
毛利率SEIVNET
| 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SEIVNET
| Q1 26 | 25.8% | — | ||
| Q4 25 | 22.2% | — | ||
| Q3 25 | 22.7% | 0.5% | ||
| Q2 25 | 23.8% | — | ||
| Q1 25 | 17.5% | 0.1% | ||
| Q4 24 | 26.7% | — | ||
| Q3 24 | 7.0% | 24.5% | ||
| Q2 24 | 16.0% | 0.2% |
净利率SEIVNET
| Q1 26 | 16.3% | — | ||
| Q4 25 | -0.9% | — | ||
| Q3 25 | 8.7% | -10.7% | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 4.2% | -0.8% | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | -1.3% | -0.7% | ||
| Q2 24 | 8.4% | -0.4% |
每股收益（稀释后）SEIVNET
| Q1 26 | $0.32 | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $344.5M | $492.1M |
| 总债务越低越好 | $395.4M | — |
| 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SEIVNET
| Q1 26 | $344.5M | — | ||
| Q4 25 | $353.3M | — | ||
| Q3 25 | $106.7M | $492.1M | ||
| Q2 25 | $99.6M | — | ||
| Q1 25 | $16.7M | $544.3M | ||
| Q4 24 | $114.3M | — | ||
| Q3 24 | $18.6M | $219.5M | ||
| Q2 24 | $5.1M | $247.2M |
总债务SEIVNET
| Q1 26 | $395.4M | — | ||
| Q4 25 | $184.0M | — | ||
| Q3 25 | $382.8M | — | ||
| Q2 25 | $386.2M | — | ||
| Q1 25 | $316.2M | — | ||
| Q4 24 | $315.7M | — | ||
| Q3 24 | $315.3M | $1.2B | ||
| Q2 24 | — | — |
股东权益SEIVNET
| Q1 26 | — | — | ||
| Q4 25 | $564.3M | — | ||
| Q3 25 | $546.6M | $890.8M | ||
| Q2 25 | $399.1M | — | ||
| Q1 25 | $361.3M | $927.8M | ||
| Q4 24 | $355.6M | — | ||
| Q3 24 | $221.7M | $902.9M | ||
| Q2 24 | $204.6M | $900.6M |
总资产SEIVNET
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.6B | $6.1B | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.1B | $5.4B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $939.5M | $4.3B | ||
| Q2 24 | $457.8M | $4.0B |
负债/权益比SEIVNET
| Q1 26 | — | — | ||
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 1.42× | 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 | 175.0% | 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SEIVNET
| Q1 26 | — | — | ||
| Q4 25 | $95.9M | — | ||
| Q3 25 | $63.3M | $113.8M | ||
| Q2 25 | $24.2M | — | ||
| Q1 25 | $25.7M | $27.0M | ||
| Q4 24 | $13.1M | — | ||
| Q3 24 | $10.5M | $108.3M | ||
| Q2 24 | $18.9M | $55.8M |
自由现金流SEIVNET
| Q1 26 | — | — | ||
| Q4 25 | $-158.6M | — | ||
| Q3 25 | $462.0K | $-193.1M | ||
| Q2 25 | $-160.9M | — | ||
| Q1 25 | $-118.6M | $-220.0M | ||
| Q4 24 | $-113.6M | — | ||
| Q3 24 | $-47.2M | $-95.0M | ||
| Q2 24 | $18.2M | $-81.6M |
自由现金流率SEIVNET
| Q1 26 | — | — | ||
| Q4 25 | -88.2% | — | ||
| Q3 25 | 0.3% | -53.2% | ||
| Q2 25 | -107.8% | — | ||
| Q1 25 | -93.9% | -71.1% | ||
| Q4 24 | -117.9% | — | ||
| Q3 24 | -63.0% | -31.4% | ||
| Q2 24 | 24.7% | -29.8% |
资本支出强度SEIVNET
| Q1 26 | 175.0% | — | ||
| Q4 25 | 141.6% | — | ||
| Q3 25 | 37.6% | 84.6% | ||
| Q2 25 | 124.0% | — | ||
| Q1 25 | 114.2% | 79.8% | ||
| Q4 24 | 131.5% | — | ||
| Q3 24 | 77.0% | 67.3% | ||
| Q2 24 | 0.9% | 50.1% |
现金转化率SEIVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.35× | — | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | 4.83× | — | ||
| Q4 24 | 2.10× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.04× | — |
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
SEI
| Leasing revenue | $105.4M | 54% |
| Service revenue | $90.9M | 46% |
VNET
暂无分部数据
