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Sonos Inc（SONO）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Sonos Inc的1.3倍（$362.7M vs $287.9M），世纪互联净利率更高（-10.7% vs -13.1%，领先2.5%），过去两年世纪互联的营收复合增速更高（17.4% vs -31.5%）
Sonos Inc是总部位于美国加利福尼亚州圣巴巴拉的音频设备制造商，由约翰·麦克法兰、克雷格·谢尔本、汤姆·卡伦与钟·麦于2002年联合创立，专注于音频技术研发与相关产品生产，旗下产品在全球消费音频市场拥有较高的用户认可度。
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。
SONO vs VNET — 直观对比
营收规模更大
VNET
是对方的1.3倍
$287.9M
净利率更高
VNET
高出2.5%
-13.1%
两年增速更快
VNET
近两年复合增速
-31.5%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $287.9M | $362.7M |
| 净利润 | $-37.9M | $-38.7M |
| 毛利率 | 43.7% | 20.9% |
| 营业利润率 | -12.0% | 0.5% |
| 净利率 | -13.1% | -10.7% |
| 营收同比 | 12.7% | — |
| 净利润同比 | 28.7% | — |
| 每股收益（稀释后） | $-0.30 | — |
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SONOVNET
| Q3 25 | $287.9M | $362.7M | ||
| Q2 25 | $344.8M | — | ||
| Q1 25 | $259.8M | $309.5M | ||
| Q4 24 | $550.9M | — | ||
| Q3 24 | $255.4M | $302.2M | ||
| Q2 24 | $397.1M | $274.4M | ||
| Q1 24 | $252.7M | $262.9M | ||
| Q4 23 | $612.9M | — |
净利润SONOVNET
| Q3 25 | $-37.9M | $-38.7M | ||
| Q2 25 | $-3.4M | — | ||
| Q1 25 | $-70.1M | $-2.4M | ||
| Q4 24 | $50.2M | — | ||
| Q3 24 | $-53.1M | $-2.1M | ||
| Q2 24 | $3.7M | $-1.1M | ||
| Q1 24 | $-69.7M | $-22.0M | ||
| Q4 23 | $80.9M | — |
毛利率SONOVNET
| Q3 25 | 43.7% | 20.9% | ||
| Q2 25 | 43.4% | — | ||
| Q1 25 | 43.7% | 25.2% | ||
| Q4 24 | 43.8% | — | ||
| Q3 24 | 40.3% | 23.2% | ||
| Q2 24 | 48.3% | 21.3% | ||
| Q1 24 | 44.3% | 21.6% | ||
| Q4 23 | 46.1% | — |
营业利润率SONOVNET
| Q3 25 | -12.0% | 0.5% | ||
| Q2 25 | -0.8% | — | ||
| Q1 25 | -23.6% | 0.1% | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | -27.2% | 24.5% | ||
| Q2 24 | 3.2% | 0.2% | ||
| Q1 24 | -28.1% | 0.2% | ||
| Q4 23 | 13.0% | — |
净利率SONOVNET
| Q3 25 | -13.1% | -10.7% | ||
| Q2 25 | -1.0% | — | ||
| Q1 25 | -27.0% | -0.8% | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | -20.8% | -0.7% | ||
| Q2 24 | 0.9% | -0.4% | ||
| Q1 24 | -27.6% | -8.4% | ||
| Q4 23 | 13.2% | — |
每股收益（稀释后）SONOVNET
| Q3 25 | $-0.30 | — | ||
| Q2 25 | $-0.03 | — | ||
| Q1 25 | $-0.58 | — | ||
| Q4 24 | $0.40 | — | ||
| Q3 24 | $-0.42 | — | ||
| Q2 24 | $0.03 | — | ||
| Q1 24 | $-0.56 | — | ||
| Q4 23 | $0.64 | — |
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 | $174.7M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $355.2M | $890.8M |
| 总资产 | $823.3M | $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SONOVNET
| Q3 25 | $174.7M | $492.1M | ||
| Q2 25 | $201.3M | — | ||
| Q1 25 | $173.2M | $544.3M | ||
| Q4 24 | $280.0M | — | ||
| Q3 24 | $169.7M | $219.5M | ||
| Q2 24 | $227.1M | $247.2M | ||
| Q1 24 | $246.0M | $246.9M | ||
| Q4 23 | $169.7M | — |
总债务SONOVNET
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
股东权益SONOVNET
| Q3 25 | $355.2M | $890.8M | ||
| Q2 25 | $399.3M | — | ||
| Q1 25 | $382.9M | $927.8M | ||
| Q4 24 | $469.1M | — | ||
| Q3 24 | $428.6M | $902.9M | ||
| Q2 24 | $464.4M | $900.6M | ||
| Q1 24 | $494.0M | $895.1M | ||
| Q4 23 | $594.4M | — |
总资产SONOVNET
| Q3 25 | $823.3M | $6.1B | ||
| Q2 25 | $834.4M | — | ||
| Q1 25 | $792.2M | $5.4B | ||
| Q4 24 | $963.6M | — | ||
| Q3 24 | $916.3M | $4.3B | ||
| Q2 24 | $961.1M | $4.0B | ||
| Q1 24 | $925.6M | $3.9B | ||
| Q4 23 | $1.1B | — |
负债/权益比SONOVNET
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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 | $2.9M | $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SONOVNET
| Q3 25 | $2.9M | $113.8M | ||
| Q2 25 | $37.4M | — | ||
| Q1 25 | $-59.7M | $27.0M | ||
| Q4 24 | $156.2M | — | ||
| Q3 24 | $-37.7M | $108.3M | ||
| Q2 24 | $63.5M | $55.8M | ||
| Q1 24 | $-111.2M | $37.1M | ||
| Q4 23 | $275.4M | — |
自由现金流SONOVNET
| Q3 25 | — | $-193.1M | ||
| Q2 25 | $32.7M | — | ||
| Q1 25 | $-65.2M | $-220.0M | ||
| Q4 24 | $143.1M | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | $40.3M | $-81.6M | ||
| Q1 24 | $-121.4M | $-102.2M | ||
| Q4 23 | $269.3M | — |
自由现金流率SONOVNET
| Q3 25 | — | -53.2% | ||
| Q2 25 | 9.5% | — | ||
| Q1 25 | -25.1% | -71.1% | ||
| Q4 24 | 26.0% | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | 10.1% | -29.8% | ||
| Q1 24 | -48.1% | -38.9% | ||
| Q4 23 | 43.9% | — |
资本支出强度SONOVNET
| Q3 25 | — | 84.6% | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 2.1% | 79.8% | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | 5.8% | 50.1% | ||
| Q1 24 | 4.0% | 53.0% | ||
| Q4 23 | 1.0% | — |
现金转化率SONOVNET
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.11× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 17.12× | — | ||
| Q1 24 | — | — | ||
| Q4 23 | 3.40× | — |
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
SONO
| Sonos Speakers | $206.5M | 72% |
| Sonos System Products | $65.2M | 23% |
| Partner Products And Other Revenue | $16.2M | 6% |
VNET
暂无分部数据
