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Shake Shack Inc.（SHAK）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
Shake Shack Inc.的季度营收约是世纪互联的1.1倍（$400.5M vs $362.7M），Shake Shack Inc.净利率更高（3.0% vs -10.7%，领先13.6%），Shake Shack Inc.自由现金流更多（$4.0M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 17.4%）
Shake Shack是源自美国纽约的跨国休闲快餐连锁品牌，2001年以麦迪逊广场公园内的热狗餐车起家，人气逐步攀升。2004年品牌获得许可在公园内开设永久门店，菜单也从最初的纽约风味热狗，拓展至汉堡、薯条以及同名奶昔等多款餐品。
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。
SHAK vs VNET — 直观对比
营收规模更大
SHAK
是对方的1.1倍
$362.7M
净利率更高
SHAK
高出13.6%
-10.7%
自由现金流更多
SHAK
多$197.1M
$-193.1M
两年增速更快
VNET
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $400.5M | $362.7M |
| 净利润 | $11.8M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 4.7% | 0.5% |
| 净利率 | 3.0% | -10.7% |
| 营收同比 | 21.9% | — |
| 净利润同比 | 35.8% | — |
| 每股收益（稀释后） | $0.28 | — |
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SHAKVNET
| Q4 25 | $400.5M | — | ||
| Q3 25 | $367.4M | $362.7M | ||
| Q2 25 | $356.5M | — | ||
| Q1 25 | $320.9M | $309.5M | ||
| Q4 24 | $328.7M | — | ||
| Q3 24 | $316.9M | $302.2M | ||
| Q2 24 | $316.5M | $274.4M | ||
| Q1 24 | $290.5M | $262.9M |
净利润SHAKVNET
| Q4 25 | $11.8M | — | ||
| Q3 25 | $12.5M | $-38.7M | ||
| Q2 25 | $17.1M | — | ||
| Q1 25 | $4.2M | $-2.4M | ||
| Q4 24 | $8.7M | — | ||
| Q3 24 | $-10.2M | $-2.1M | ||
| Q2 24 | $9.7M | $-1.1M | ||
| Q1 24 | $2.0M | $-22.0M |
毛利率SHAKVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率SHAKVNET
| Q4 25 | 4.7% | — | ||
| Q3 25 | 5.0% | 0.5% | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | 0.9% | 0.1% | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | -5.7% | 24.5% | ||
| Q2 24 | 3.4% | 0.2% | ||
| Q1 24 | 0.0% | 0.2% |
净利率SHAKVNET
| Q4 25 | 3.0% | — | ||
| Q3 25 | 3.4% | -10.7% | ||
| Q2 25 | 4.8% | — | ||
| Q1 25 | 1.3% | -0.8% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | -3.2% | -0.7% | ||
| Q2 24 | 3.1% | -0.4% | ||
| Q1 24 | 0.7% | -8.4% |
每股收益（稀释后）SHAKVNET
| Q4 25 | $0.28 | — | ||
| Q3 25 | $0.30 | — | ||
| Q2 25 | $0.41 | — | ||
| Q1 25 | $0.10 | — | ||
| Q4 24 | $0.22 | — | ||
| Q3 24 | $-0.26 | — | ||
| Q2 24 | $0.23 | — | ||
| Q1 24 | $0.05 | — |
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 | $360.1M | $492.1M |
| 总债务越低越好 | $247.7M | — |
| 股东权益账面价值 | $525.3M | $890.8M |
| 总资产 | $1.9B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.47× | — |
8季度趋势，按日历期对齐
现金及短期投资SHAKVNET
| Q4 25 | $360.1M | — | ||
| Q3 25 | $357.8M | $492.1M | ||
| Q2 25 | $336.8M | — | ||
| Q1 25 | $312.9M | $544.3M | ||
| Q4 24 | $320.7M | — | ||
| Q3 24 | $310.9M | $219.5M | ||
| Q2 24 | $304.4M | $247.2M | ||
| Q1 24 | $284.8M | $246.9M |
总债务SHAKVNET
| Q4 25 | $247.7M | — | ||
| Q3 25 | $247.5M | — | ||
| Q2 25 | $247.2M | — | ||
| Q1 25 | $246.9M | — | ||
| Q4 24 | $246.7M | — | ||
| Q3 24 | $246.4M | $1.2B | ||
| Q2 24 | $246.2M | — | ||
| Q1 24 | $245.9M | — |
股东权益SHAKVNET
| Q4 25 | $525.3M | — | ||
| Q3 25 | $509.0M | $890.8M | ||
| Q2 25 | $494.1M | — | ||
| Q1 25 | $473.3M | $927.8M | ||
| Q4 24 | $470.0M | — | ||
| Q3 24 | $456.1M | $902.9M | ||
| Q2 24 | $462.4M | $900.6M | ||
| Q1 24 | $446.4M | $895.1M |
总资产SHAKVNET
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.8B | $6.1B | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.7B | $5.4B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | $4.3B | ||
| Q2 24 | $1.7B | $4.0B | ||
| Q1 24 | $1.6B | $3.9B |
负债/权益比SHAKVNET
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.49× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 0.54× | 1.28× | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 0.55× | — |
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 | $63.1M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $4.0M | $-193.1M |
| 自由现金流率自由现金流/营收 | 1.0% | -53.2% |
| 资本支出强度资本支出/营收 | 14.8% | 84.6% |
| 现金转化率经营现金流/净利润 | 5.34× | — |
| 过去12个月自由现金流最近4个季度 | $56.5M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流SHAKVNET
| Q4 25 | $63.1M | — | ||
| Q3 25 | $63.0M | $113.8M | ||
| Q2 25 | $65.0M | — | ||
| Q1 25 | $31.2M | $27.0M | ||
| Q4 24 | $45.1M | — | ||
| Q3 24 | $41.9M | $108.3M | ||
| Q2 24 | $53.5M | $55.8M | ||
| Q1 24 | $30.7M | $37.1M |
自由现金流SHAKVNET
| Q4 25 | $4.0M | — | ||
| Q3 25 | $23.7M | $-193.1M | ||
| Q2 25 | $26.9M | — | ||
| Q1 25 | $1.9M | $-220.0M | ||
| Q4 24 | $10.4M | — | ||
| Q3 24 | $7.1M | $-95.0M | ||
| Q2 24 | $20.6M | $-81.6M | ||
| Q1 24 | $-2.4M | $-102.2M |
自由现金流率SHAKVNET
| Q4 25 | 1.0% | — | ||
| Q3 25 | 6.5% | -53.2% | ||
| Q2 25 | 7.5% | — | ||
| Q1 25 | 0.6% | -71.1% | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 2.2% | -31.4% | ||
| Q2 24 | 6.5% | -29.8% | ||
| Q1 24 | -0.8% | -38.9% |
资本支出强度SHAKVNET
| Q4 25 | 14.8% | — | ||
| Q3 25 | 10.7% | 84.6% | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | 9.1% | 79.8% | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 11.0% | 67.3% | ||
| Q2 24 | 10.4% | 50.1% | ||
| Q1 24 | 11.4% | 53.0% |
现金转化率SHAKVNET
| Q4 25 | 5.34× | — | ||
| Q3 25 | 5.04× | — | ||
| Q2 25 | 3.79× | — | ||
| Q1 25 | 7.36× | — | ||
| Q4 24 | 5.18× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.54× | — | ||
| Q1 24 | 15.03× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
