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Sleep Number Corp（SNBR）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Sleep Number Corp的1.0倍（$362.7M vs $347.4M），世纪互联净利率更高（-10.7% vs -16.8%，领先6.2%），Sleep Number Corp自由现金流更多（$-643.0K vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -14.1%）
Sleep Number是美国床具制造商，主打Sleep Number与Comfortaire品牌床垫，同时生产床架及各类床品配件。公司总部位于明尼苏达州明尼阿波利斯，除总部外，还在南卡罗来纳州和犹他州设有生产与分销网点。
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。
SNBR vs VNET — 直观对比
营收规模更大
VNET
是对方的1.0倍
$347.4M
净利率更高
VNET
高出6.2%
-16.8%
自由现金流更多
SNBR
多$192.4M
$-193.1M
两年增速更快
VNET
近两年复合增速
-14.1%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $347.4M | $362.7M |
| 净利润 | $-58.5M | $-38.7M |
| 毛利率 | 55.6% | 20.9% |
| 营业利润率 | -13.4% | 0.5% |
| 净利率 | -16.8% | -10.7% |
| 营收同比 | -7.8% | — |
| 净利润同比 | -549.0% | — |
| 每股收益（稀释后） | $-2.55 | — |
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SNBRVNET
| Q1 26 | $347.4M | — | ||
| Q3 25 | $342.9M | $362.7M | ||
| Q2 25 | $327.9M | — | ||
| Q1 25 | $393.3M | $309.5M | ||
| Q4 24 | $376.8M | — | ||
| Q3 24 | $426.6M | $302.2M | ||
| Q2 24 | $408.4M | $274.4M | ||
| Q1 24 | $470.4M | $262.9M |
净利润SNBRVNET
| Q1 26 | $-58.5M | — | ||
| Q3 25 | $-39.8M | $-38.7M | ||
| Q2 25 | $-25.0M | — | ||
| Q1 25 | $-8.6M | $-2.4M | ||
| Q4 24 | $-4.7M | — | ||
| Q3 24 | $-3.1M | $-2.1M | ||
| Q2 24 | $-5.1M | $-1.1M | ||
| Q1 24 | $-7.5M | $-22.0M |
毛利率SNBRVNET
| Q1 26 | 55.6% | — | ||
| Q3 25 | 59.9% | 20.9% | ||
| Q2 25 | 59.1% | — | ||
| Q1 25 | 61.2% | 25.2% | ||
| Q4 24 | 59.9% | — | ||
| Q3 24 | 60.8% | 23.2% | ||
| Q2 24 | 59.1% | 21.3% | ||
| Q1 24 | 58.7% | 21.6% |
营业利润率SNBRVNET
| Q1 26 | -13.4% | — | ||
| Q3 25 | -11.8% | 0.5% | ||
| Q2 25 | -0.0% | — | ||
| Q1 25 | 0.5% | 0.1% | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 2.0% | 24.5% | ||
| Q2 24 | 1.5% | 0.2% | ||
| Q1 24 | 1.2% | 0.2% |
净利率SNBRVNET
| Q1 26 | -16.8% | — | ||
| Q3 25 | -11.6% | -10.7% | ||
| Q2 25 | -7.6% | — | ||
| Q1 25 | -2.2% | -0.8% | ||
| Q4 24 | -1.2% | — | ||
| Q3 24 | -0.7% | -0.7% | ||
| Q2 24 | -1.2% | -0.4% | ||
| Q1 24 | -1.6% | -8.4% |
每股收益（稀释后）SNBRVNET
| Q1 26 | $-2.55 | — | ||
| Q3 25 | $-1.73 | — | ||
| Q2 25 | $-1.09 | — | ||
| Q1 25 | $-0.38 | — | ||
| Q4 24 | $-0.21 | — | ||
| Q3 24 | $-0.14 | — | ||
| Q2 24 | $-0.22 | — | ||
| 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 | $1.7M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $890.8M |
| 总资产 | $680.1M | $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SNBRVNET
| Q1 26 | $1.7M | — | ||
| Q3 25 | $1.3M | $492.1M | ||
| Q2 25 | $1.3M | — | ||
| Q1 25 | $1.7M | $544.3M | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | $1.6M | $219.5M | ||
| Q2 24 | $2.0M | $247.2M | ||
| Q1 24 | $2.1M | $246.9M |
总债务SNBRVNET
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益SNBRVNET
| Q1 26 | — | — | ||
| Q3 25 | $-521.3M | $890.8M | ||
| Q2 25 | $-480.7M | — | ||
| Q1 25 | $-456.8M | $927.8M | ||
| Q4 24 | $-451.6M | — | ||
| Q3 24 | $-448.8M | $902.9M | ||
| Q2 24 | $-447.0M | $900.6M | ||
| Q1 24 | $-445.9M | $895.1M |
总资产SNBRVNET
| Q1 26 | $680.1M | — | ||
| Q3 25 | $749.4M | $6.1B | ||
| Q2 25 | $804.5M | — | ||
| Q1 25 | $836.8M | $5.4B | ||
| Q4 24 | $860.8M | — | ||
| Q3 24 | $864.7M | $4.3B | ||
| Q2 24 | $883.6M | $4.0B | ||
| Q1 24 | $908.5M | $3.9B |
负债/权益比SNBRVNET
| Q1 26 | — | — | ||
| 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 | — | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-643.0K | $-193.1M |
| 自由现金流率自由现金流/营收 | -0.2% | -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 | $-17.7M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流SNBRVNET
| Q1 26 | — | — | ||
| Q3 25 | $-6.4M | $113.8M | ||
| Q2 25 | $3.8M | — | ||
| Q1 25 | $-2.6M | $27.0M | ||
| Q4 24 | $-23.7M | — | ||
| Q3 24 | $27.3M | $108.3M | ||
| Q2 24 | $-10.2M | $55.8M | ||
| Q1 24 | $33.7M | $37.1M |
自由现金流SNBRVNET
| Q1 26 | $-643.0K | — | ||
| Q3 25 | $-10.2M | $-193.1M | ||
| Q2 25 | $369.0K | — | ||
| Q1 25 | $-7.2M | $-220.0M | ||
| Q4 24 | $-30.0M | — | ||
| Q3 24 | $24.2M | $-95.0M | ||
| Q2 24 | $-15.0M | $-81.6M | ||
| Q1 24 | $24.4M | $-102.2M |
自由现金流率SNBRVNET
| Q1 26 | -0.2% | — | ||
| Q3 25 | -3.0% | -53.2% | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | -1.8% | -71.1% | ||
| Q4 24 | -8.0% | — | ||
| Q3 24 | 5.7% | -31.4% | ||
| Q2 24 | -3.7% | -29.8% | ||
| Q1 24 | 5.2% | -38.9% |
资本支出强度SNBRVNET
| Q1 26 | — | — | ||
| Q3 25 | 1.1% | 84.6% | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.2% | 79.8% | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 0.7% | 67.3% | ||
| Q2 24 | 1.2% | 50.1% | ||
| Q1 24 | 2.0% | 53.0% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
