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SL GREEN REALTY CORP（SLG）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SL GREEN REALTY CORP的1.3倍（$362.7M vs $276.5M），世纪互联净利率更高（-10.7% vs -36.5%，领先25.8%），过去两年SL GREEN REALTY CORP的营收复合增速更高（21.3% vs 17.4%）
SL Green Realty Corp是一家房地产投资信托企业，核心业务为投资纽约市的写字楼与商业中心，被誉为“纽约市最大的写字楼业主”。截至2024年12月31日，公司持有39处物业的权益，总面积达2529.7万平方英尺，资产主要分布在曼哈顿区域。
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。
SLG vs VNET — 直观对比
营收规模更大
VNET
是对方的1.3倍
$276.5M
净利率更高
VNET
高出25.8%
-36.5%
两年增速更快
SLG
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $276.5M | $362.7M |
| 净利润 | $-100.8M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 64.2% | 0.5% |
| 净利率 | -36.5% | -10.7% |
| 营收同比 | 12.4% | — |
| 净利润同比 | -870.0% | — |
| 每股收益（稀释后） | $-1.49 | — |
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SLGVNET
| Q4 25 | $276.5M | — | ||
| Q3 25 | $244.8M | $362.7M | ||
| Q2 25 | $241.9M | — | ||
| Q1 25 | $239.8M | $309.5M | ||
| Q4 24 | $245.9M | — | ||
| Q3 24 | $229.7M | $302.2M | ||
| Q2 24 | $222.8M | $274.4M | ||
| Q1 24 | $187.9M | $262.9M |
净利润SLGVNET
| Q4 25 | $-100.8M | — | ||
| Q3 25 | $28.6M | $-38.7M | ||
| Q2 25 | $-7.4M | — | ||
| Q1 25 | $-17.3M | $-2.4M | ||
| Q4 24 | $19.1M | — | ||
| Q3 24 | $-9.5M | $-2.1M | ||
| Q2 24 | $1.6M | $-1.1M | ||
| Q1 24 | $16.9M | $-22.0M |
毛利率SLGVNET
| 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SLGVNET
| Q4 25 | 64.2% | — | ||
| Q3 25 | 85.5% | 0.5% | ||
| Q2 25 | 53.4% | — | ||
| Q1 25 | 56.7% | 0.1% | ||
| Q4 24 | 59.8% | — | ||
| Q3 24 | 65.1% | 24.5% | ||
| Q2 24 | 79.2% | 0.2% | ||
| Q1 24 | — | 0.2% |
净利率SLGVNET
| Q4 25 | -36.5% | — | ||
| Q3 25 | 11.7% | -10.7% | ||
| Q2 25 | -3.0% | — | ||
| Q1 25 | -7.2% | -0.8% | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | -4.2% | -0.7% | ||
| Q2 24 | 0.7% | -0.4% | ||
| Q1 24 | 9.0% | -8.4% |
每股收益（稀释后）SLGVNET
| Q4 25 | $-1.49 | — | ||
| Q3 25 | $0.34 | — | ||
| Q2 25 | $-0.16 | — | ||
| Q1 25 | $-0.30 | — | ||
| Q4 24 | $0.13 | — | ||
| Q3 24 | $-0.21 | — | ||
| Q2 24 | $-0.04 | — | ||
| Q1 24 | $0.20 | — |
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 | $155.7M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.7B | $890.8M |
| 总资产 | $11.1B | $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SLGVNET
| Q4 25 | $155.7M | — | ||
| Q3 25 | $187.0M | $492.1M | ||
| Q2 25 | $182.9M | — | ||
| Q1 25 | $180.1M | $544.3M | ||
| Q4 24 | $184.3M | — | ||
| Q3 24 | $188.2M | $219.5M | ||
| Q2 24 | $199.5M | $247.2M | ||
| Q1 24 | $196.0M | $246.9M |
总债务SLGVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益SLGVNET
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.8B | $890.8M | ||
| Q2 25 | $3.8B | — | ||
| Q1 25 | $3.8B | $927.8M | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $3.6B | $902.9M | ||
| Q2 24 | $3.7B | $900.6M | ||
| Q1 24 | $3.7B | $895.1M |
总资产SLGVNET
| Q4 25 | $11.1B | — | ||
| Q3 25 | $11.1B | $6.1B | ||
| Q2 25 | $11.3B | — | ||
| Q1 25 | $11.4B | $5.4B | ||
| Q4 24 | $10.5B | — | ||
| Q3 24 | $10.2B | $4.3B | ||
| Q2 24 | $9.5B | $4.0B | ||
| Q1 24 | $9.8B | $3.9B |
负债/权益比SLGVNET
| 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 | $82.9M | $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SLGVNET
| Q4 25 | $82.9M | — | ||
| Q3 25 | $-6.8M | $113.8M | ||
| Q2 25 | $54.5M | — | ||
| Q1 25 | $6.7M | $27.0M | ||
| Q4 24 | $129.6M | — | ||
| Q3 24 | $16.7M | $108.3M | ||
| Q2 24 | $79.4M | $55.8M | ||
| Q1 24 | $-24.7M | $37.1M |
自由现金流SLGVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率SLGVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度SLGVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率SLGVNET
| Q4 25 | — | — | ||
| Q3 25 | -0.24× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.77× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 50.33× | — | ||
| Q1 24 | -1.46× | — |
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
SLG
| Real Estate Segment | $223.1M | 81% |
| Other | $35.9M | 13% |
| Debt And Preferred Equity Segment | $17.4M | 6% |
VNET
暂无分部数据
