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全食超市（SMPL）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全食超市的1.1倍（$362.7M vs $340.2M），全食超市净利率更高（7.4% vs -10.7%，领先18.1%），全食超市自由现金流更多（$48.0M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 3.0%）
全食超市是总部位于美国得克萨斯州奥斯汀的跨国连锁超市，现为亚马逊全资旗下品牌。门店主打无氢化脂肪、人工色素、人工香精、防腐剂的天然食品，是美国农业部认证的有机食品零售商，以丰富的有机商品选择深受消费者欢迎。
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。
SMPL vs VNET — 直观对比
营收规模更大
VNET
是对方的1.1倍
$340.2M
净利率更高
SMPL
高出18.1%
-10.7%
自由现金流更多
SMPL
多$241.1M
$-193.1M
两年增速更快
VNET
近两年复合增速
3.0%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $340.2M | $362.7M |
| 净利润 | $25.3M | $-38.7M |
| 毛利率 | 32.3% | 20.9% |
| 营业利润率 | 11.0% | 0.5% |
| 净利率 | 7.4% | -10.7% |
| 营收同比 | -0.3% | — |
| 净利润同比 | -33.7% | — |
| 每股收益（稀释后） | $0.26 | — |
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SMPLVNET
| Q4 25 | $340.2M | — | ||
| Q3 25 | — | $362.7M | ||
| Q2 25 | $381.0M | — | ||
| Q1 25 | — | $309.5M | ||
| Q4 24 | $341.3M | — | ||
| Q3 24 | $375.7M | $302.2M | ||
| Q2 24 | $334.8M | $274.4M | ||
| Q1 24 | $312.2M | $262.9M |
净利润SMPLVNET
| Q4 25 | $25.3M | — | ||
| Q3 25 | — | $-38.7M | ||
| Q2 25 | $41.1M | — | ||
| Q1 25 | — | $-2.4M | ||
| Q4 24 | $38.1M | — | ||
| Q3 24 | $29.3M | $-2.1M | ||
| Q2 24 | $41.3M | $-1.1M | ||
| Q1 24 | $33.1M | $-22.0M |
毛利率SMPLVNET
| Q4 25 | 32.3% | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | 36.4% | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | 38.2% | — | ||
| Q3 24 | 38.8% | 23.2% | ||
| Q2 24 | 39.9% | 21.3% | ||
| Q1 24 | 37.4% | 21.6% |
营业利润率SMPLVNET
| Q4 25 | 11.0% | — | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | 15.6% | — | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 16.0% | — | ||
| Q3 24 | 12.7% | 24.5% | ||
| Q2 24 | 17.6% | 0.2% | ||
| Q1 24 | 15.4% | 0.2% |
净利率SMPLVNET
| Q4 25 | 7.4% | — | ||
| Q3 25 | — | -10.7% | ||
| Q2 25 | 10.8% | — | ||
| Q1 25 | — | -0.8% | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | 7.8% | -0.7% | ||
| Q2 24 | 12.3% | -0.4% | ||
| Q1 24 | 10.6% | -8.4% |
每股收益（稀释后）SMPLVNET
| Q4 25 | $0.26 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $0.40 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0.38 | — | ||
| Q3 24 | $0.29 | — | ||
| Q2 24 | $0.41 | — | ||
| Q1 24 | $0.33 | — |
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 | $194.1M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.7B | $890.8M |
| 总资产 | $2.5B | $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SMPLVNET
| Q4 25 | $194.1M | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | $98.0M | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | $121.8M | — | ||
| Q3 24 | $132.5M | $219.5M | ||
| Q2 24 | $208.7M | $247.2M | ||
| Q1 24 | $135.9M | $246.9M |
总债务SMPLVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $397.5M | $1.2B | ||
| Q2 24 | $237.7M | — | ||
| Q1 24 | $237.7M | — |
股东权益SMPLVNET
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | $890.8M | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | — | $927.8M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.7B | $902.9M | ||
| Q2 24 | $1.7B | $900.6M | ||
| Q1 24 | $1.6B | $895.1M |
总资产SMPLVNET
| Q4 25 | $2.5B | — | ||
| Q3 25 | — | $6.1B | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | $4.3B | ||
| Q2 24 | $2.2B | $4.0B | ||
| Q1 24 | $2.1B | $3.9B |
负债/权益比SMPLVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.23× | 1.28× | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.14× | — |
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 | $50.1M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $48.0M | $-193.1M |
| 自由现金流率自由现金流/营收 | 14.1% | -53.2% |
| 资本支出强度资本支出/营收 | 0.6% | 84.6% |
| 现金转化率经营现金流/净利润 | 1.98× | — |
| 过去12个月自由现金流最近4个季度 | $223.6M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流SMPLVNET
| Q4 25 | $50.1M | — | ||
| Q3 25 | — | $113.8M | ||
| Q2 25 | $101.1M | — | ||
| Q1 25 | — | $27.0M | ||
| Q4 24 | $32.0M | — | ||
| Q3 24 | $48.9M | $108.3M | ||
| Q2 24 | $72.8M | $55.8M | ||
| Q1 24 | $46.5M | $37.1M |
自由现金流SMPLVNET
| Q4 25 | $48.0M | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | $98.9M | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | $31.7M | — | ||
| Q3 24 | $45.0M | $-95.0M | ||
| Q2 24 | $72.0M | $-81.6M | ||
| Q1 24 | $46.1M | $-102.2M |
自由现金流率SMPLVNET
| Q4 25 | 14.1% | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | 25.9% | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 12.0% | -31.4% | ||
| Q2 24 | 21.5% | -29.8% | ||
| Q1 24 | 14.8% | -38.9% |
资本支出强度SMPLVNET
| Q4 25 | 0.6% | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 1.0% | 67.3% | ||
| Q2 24 | 0.2% | 50.1% | ||
| Q1 24 | 0.1% | 53.0% |
现金转化率SMPLVNET
| Q4 25 | 1.98× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.46× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.84× | — | ||
| Q3 24 | 1.67× | — | ||
| Q2 24 | 1.76× | — | ||
| Q1 24 | 1.40× | — |
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
SMPL
| Quest | $211.4M | 62% |
| Atkins Domain | $79.7M | 23% |
| OWYN | $28.1M | 8% |
| Other | $20.9M | 6% |
VNET
暂无分部数据
