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SEI INVESTMENTS CO（SEIC）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
SEI INVESTMENTS CO的季度营收约是世纪互联的1.7倍（$622.2M vs $362.7M），SEI INVESTMENTS CO净利率更高（28.0% vs -10.7%，领先38.7%），过去两年世纪互联的营收复合增速更高（17.4% vs 9.5%）
SEI Investments是一家总部位于美国宾夕法尼亚州奥克斯的金融服务企业，服务对象涵盖机构、私人银行、投资顾问、资产管理机构及私人客户。集团通过旗下子公司及参股合作主体，管理、咨询或受托运营规模达1万亿美元的资产，覆盖对冲基金、私募股权、共同基金及各类集合或独立管理资产品类。
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。
SEIC vs VNET — 直观对比
营收规模更大
SEIC
是对方的1.7倍
$362.7M
净利率更高
SEIC
高出38.7%
-10.7%
两年增速更快
VNET
近两年复合增速
9.5%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $622.2M | $362.7M |
| 净利润 | $174.5M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 30.5% | 0.5% |
| 净利率 | 28.0% | -10.7% |
| 营收同比 | 13.0% | — |
| 净利润同比 | 15.0% | — |
| 每股收益（稀释后） | $1.40 | — |
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SEICVNET
| Q1 26 | $622.2M | — | ||
| Q4 25 | $607.9M | — | ||
| Q3 25 | $578.5M | $362.7M | ||
| Q2 25 | $559.6M | — | ||
| Q1 25 | $551.3M | $309.5M | ||
| Q4 24 | $557.2M | — | ||
| Q3 24 | $537.4M | $302.2M | ||
| Q2 24 | $519.0M | $274.4M |
净利润SEICVNET
| Q1 26 | $174.5M | — | ||
| Q4 25 | $172.5M | — | ||
| Q3 25 | $164.2M | $-38.7M | ||
| Q2 25 | $227.1M | — | ||
| Q1 25 | $151.5M | $-2.4M | ||
| Q4 24 | $155.8M | — | ||
| Q3 24 | $154.9M | $-2.1M | ||
| Q2 24 | $139.1M | $-1.1M |
毛利率SEICVNET
| Q1 26 | — | — | ||
| Q4 25 | 36.8% | — | ||
| Q3 25 | 35.0% | 20.9% | ||
| Q2 25 | 33.8% | — | ||
| Q1 25 | 34.9% | 25.2% | ||
| Q4 24 | 33.1% | — | ||
| Q3 24 | 33.8% | 23.2% | ||
| Q2 24 | 32.7% | 21.3% |
营业利润率SEICVNET
| Q1 26 | 30.5% | — | ||
| Q4 25 | 26.6% | — | ||
| Q3 25 | 27.7% | 0.5% | ||
| Q2 25 | 26.6% | — | ||
| Q1 25 | 28.5% | 0.1% | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 26.8% | 24.5% | ||
| Q2 24 | 26.3% | 0.2% |
净利率SEICVNET
| Q1 26 | 28.0% | — | ||
| Q4 25 | 28.4% | — | ||
| Q3 25 | 28.4% | -10.7% | ||
| Q2 25 | 40.6% | — | ||
| Q1 25 | 27.5% | -0.8% | ||
| Q4 24 | 28.0% | — | ||
| Q3 24 | 28.8% | -0.7% | ||
| Q2 24 | 26.8% | -0.4% |
每股收益（稀释后）SEICVNET
| Q1 26 | $1.40 | — | ||
| Q4 25 | $1.38 | — | ||
| Q3 25 | $1.30 | — | ||
| Q2 25 | $1.78 | — | ||
| Q1 25 | $1.17 | — | ||
| Q4 24 | $1.18 | — | ||
| Q3 24 | $1.19 | — | ||
| Q2 24 | $1.05 | — |
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 | $363.1M | $492.1M |
| 总债务越低越好 | $32.4M | — |
| 股东权益账面价值 | $2.5B | $890.8M |
| 总资产 | $3.3B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.01× | — |
8季度趋势，按日历期对齐
现金及短期投资SEICVNET
| Q1 26 | $363.1M | — | ||
| Q4 25 | $399.8M | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | $710.7M | $544.3M | ||
| Q4 24 | $839.9M | — | ||
| Q3 24 | $901.1M | $219.5M | ||
| Q2 24 | $768.3M | $247.2M |
总债务SEICVNET
| Q1 26 | $32.4M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益SEICVNET
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | $890.8M | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | $927.8M | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.4B | $902.9M | ||
| Q2 24 | $2.2B | $900.6M |
总资产SEICVNET
| Q1 26 | $3.3B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $6.1B | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | $5.4B | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | $4.3B | ||
| Q2 24 | $2.5B | $4.0B |
负债/权益比SEICVNET
| Q1 26 | 0.01× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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SEICVNET
| Q1 26 | — | — | ||
| Q4 25 | $126.4M | — | ||
| Q3 25 | $238.3M | $113.8M | ||
| Q2 25 | $96.5M | — | ||
| Q1 25 | $146.5M | $27.0M | ||
| Q4 24 | $195.3M | — | ||
| Q3 24 | $200.0M | $108.3M | ||
| Q2 24 | $114.7M | $55.8M |
自由现金流SEICVNET
| Q1 26 | — | — | ||
| Q4 25 | $124.8M | — | ||
| Q3 25 | $229.6M | $-193.1M | ||
| Q2 25 | $92.7M | — | ||
| Q1 25 | $137.8M | $-220.0M | ||
| Q4 24 | $190.2M | — | ||
| Q3 24 | $193.7M | $-95.0M | ||
| Q2 24 | $107.0M | $-81.6M |
自由现金流率SEICVNET
| Q1 26 | — | — | ||
| Q4 25 | 20.5% | — | ||
| Q3 25 | 39.7% | -53.2% | ||
| Q2 25 | 16.6% | — | ||
| Q1 25 | 25.0% | -71.1% | ||
| Q4 24 | 34.1% | — | ||
| Q3 24 | 36.0% | -31.4% | ||
| Q2 24 | 20.6% | -29.8% |
资本支出强度SEICVNET
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | — | ||
| Q3 25 | 1.5% | 84.6% | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 1.6% | 79.8% | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.2% | 67.3% | ||
| Q2 24 | 1.5% | 50.1% |
现金转化率SEICVNET
| Q1 26 | — | — | ||
| Q4 25 | 0.73× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.97× | — | ||
| Q4 24 | 1.25× | — | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 0.82× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
