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Stitch Fix, Inc.（SFIX）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Stitch Fix, Inc.的1.1倍（$362.7M vs $342.1M），Stitch Fix, Inc.净利率更高（-1.9% vs -10.7%，领先8.8%），Stitch Fix, Inc.自由现金流更多（$5.6M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 1.8%）
Stitch Fix是美国的在线个人造型服务平台，依托推荐算法与数据科学技术，根据顾客的身形尺寸、预算和风格偏好推送个性化服饰单品。该公司创立于2011年，2017年完成首次公开募股，目前总部位于旧金山。
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。
SFIX vs VNET — 直观对比
营收规模更大
VNET
是对方的1.1倍
$342.1M
净利率更高
SFIX
高出8.8%
-10.7%
自由现金流更多
SFIX
多$198.7M
$-193.1M
两年增速更快
VNET
近两年复合增速
1.8%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $342.1M | $362.7M |
| 净利润 | $-6.4M | $-38.7M |
| 毛利率 | 43.6% | 20.9% |
| 营业利润率 | -2.5% | 0.5% |
| 净利率 | -1.9% | -10.7% |
| 营收同比 | 7.3% | — |
| 净利润同比 | -1.7% | — |
| 每股收益（稀释后） | $-0.05 | — |
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SFIXVNET
| Q4 25 | $342.1M | — | ||
| Q3 25 | $311.2M | $362.7M | ||
| Q2 25 | $325.0M | — | ||
| Q1 25 | $312.1M | $309.5M | ||
| Q4 24 | $318.8M | — | ||
| Q3 24 | $319.6M | $302.2M | ||
| Q2 24 | $322.7M | $274.4M | ||
| Q1 24 | $330.4M | $262.9M |
净利润SFIXVNET
| Q4 25 | $-6.4M | — | ||
| Q3 25 | $-8.6M | $-38.7M | ||
| Q2 25 | $-7.4M | — | ||
| Q1 25 | $-6.5M | $-2.4M | ||
| Q4 24 | $-6.3M | — | ||
| Q3 24 | $-36.5M | $-2.1M | ||
| Q2 24 | $-21.3M | $-1.1M | ||
| Q1 24 | $-35.5M | $-22.0M |
毛利率SFIXVNET
| Q4 25 | 43.6% | — | ||
| Q3 25 | 43.6% | 20.9% | ||
| Q2 25 | 44.2% | — | ||
| Q1 25 | 44.5% | 25.2% | ||
| Q4 24 | 45.4% | — | ||
| Q3 24 | 44.6% | 23.2% | ||
| Q2 24 | 45.5% | 21.3% | ||
| Q1 24 | 43.4% | 21.6% |
营业利润率SFIXVNET
| Q4 25 | -2.5% | — | ||
| Q3 25 | -3.6% | 0.5% | ||
| Q2 25 | -3.0% | — | ||
| Q1 25 | -2.9% | 0.1% | ||
| Q4 24 | -2.8% | — | ||
| Q3 24 | -13.1% | 24.5% | ||
| Q2 24 | -7.7% | 0.2% | ||
| Q1 24 | -11.5% | 0.2% |
净利率SFIXVNET
| Q4 25 | -1.9% | — | ||
| Q3 25 | -2.8% | -10.7% | ||
| Q2 25 | -2.3% | — | ||
| Q1 25 | -2.1% | -0.8% | ||
| Q4 24 | -2.0% | — | ||
| Q3 24 | -11.4% | -0.7% | ||
| Q2 24 | -6.6% | -0.4% | ||
| Q1 24 | -10.8% | -8.4% |
每股收益（稀释后）SFIXVNET
| Q4 25 | $-0.05 | — | ||
| Q3 25 | $-0.06 | — | ||
| Q2 25 | $-0.06 | — | ||
| Q1 25 | $-0.05 | — | ||
| Q4 24 | $-0.05 | — | ||
| Q3 24 | $-0.29 | — | ||
| Q2 24 | $-0.18 | — | ||
| Q1 24 | $-0.30 | — |
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 | $244.2M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $204.1M | $890.8M |
| 总资产 | $530.7M | $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SFIXVNET
| Q4 25 | $244.2M | — | ||
| Q3 25 | $234.9M | $492.1M | ||
| Q2 25 | $234.2M | — | ||
| Q1 25 | $219.1M | $544.3M | ||
| Q4 24 | $253.3M | — | ||
| Q3 24 | $247.0M | $219.5M | ||
| Q2 24 | $244.5M | $247.2M | ||
| Q1 24 | $229.8M | $246.9M |
总债务SFIXVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益SFIXVNET
| Q4 25 | $204.1M | — | ||
| Q3 25 | $203.0M | $890.8M | ||
| Q2 25 | $200.4M | — | ||
| Q1 25 | $197.8M | $927.8M | ||
| Q4 24 | $190.5M | — | ||
| Q3 24 | $187.0M | $902.9M | ||
| Q2 24 | $208.9M | $900.6M | ||
| Q1 24 | $213.3M | $895.1M |
总资产SFIXVNET
| Q4 25 | $530.7M | — | ||
| Q3 25 | $480.6M | $6.1B | ||
| Q2 25 | $484.7M | — | ||
| Q1 25 | $472.6M | $5.4B | ||
| Q4 24 | $507.1M | — | ||
| Q3 24 | $486.9M | $4.3B | ||
| Q2 24 | $537.0M | $4.0B | ||
| Q1 24 | $538.3M | $3.9B |
负债/权益比SFIXVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 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 | $10.9M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $5.6M | $-193.1M |
| 自由现金流率自由现金流/营收 | 1.6% | -53.2% |
| 资本支出强度资本支出/营收 | 1.6% | 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 | $4.9M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流SFIXVNET
| Q4 25 | $10.9M | — | ||
| Q3 25 | $7.0M | $113.8M | ||
| Q2 25 | $20.5M | — | ||
| Q1 25 | $-16.2M | $27.0M | ||
| Q4 24 | $14.3M | — | ||
| Q3 24 | $8.2M | $108.3M | ||
| Q2 24 | $21.7M | $55.8M | ||
| Q1 24 | $-22.3M | $37.1M |
自由现金流SFIXVNET
| Q4 25 | $5.6M | — | ||
| Q3 25 | $2.8M | $-193.1M | ||
| Q2 25 | $16.0M | — | ||
| Q1 25 | $-19.4M | $-220.0M | ||
| Q4 24 | $9.9M | — | ||
| Q3 24 | $4.5M | $-95.0M | ||
| Q2 24 | $18.9M | $-81.6M | ||
| Q1 24 | $-26.1M | $-102.2M |
自由现金流率SFIXVNET
| Q4 25 | 1.6% | — | ||
| Q3 25 | 0.9% | -53.2% | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | -6.2% | -71.1% | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 1.4% | -31.4% | ||
| Q2 24 | 5.9% | -29.8% | ||
| Q1 24 | -7.9% | -38.9% |
资本支出强度SFIXVNET
| Q4 25 | 1.6% | — | ||
| Q3 25 | 1.4% | 84.6% | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.0% | 79.8% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.2% | 67.3% | ||
| Q2 24 | 0.9% | 50.1% | ||
| Q1 24 | 1.1% | 53.0% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
