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SPX Technologies, Inc.（SPXC）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
SPX Technologies, Inc.的季度营收约是世纪互联的1.6倍（$566.8M vs $362.7M），SPX Technologies, Inc.净利率更高（10.6% vs -10.7%，领先21.2%），SPX Technologies, Inc.自由现金流更多（$11.3M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 6.3%）
SPX Technologies是美国头部制造企业，总部位于北卡罗来纳州夏洛特市，业务布局暖通空调、检测测量、输发电及工程解决方案四大核心领域，产品涵盖冷却塔、锅炉、地下管线定位仪、电力变压器、热交换器等，旗下拥有Waukesha、Dielectric、Genfare等多个知名品牌。
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。
SPXC vs VNET — 直观对比
营收规模更大
SPXC
是对方的1.6倍
$362.7M
净利率更高
SPXC
高出21.2%
-10.7%
自由现金流更多
SPXC
多$204.4M
$-193.1M
两年增速更快
VNET
近两年复合增速
6.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $566.8M | $362.7M |
| 净利润 | $59.9M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 15.5% | 0.5% |
| 净利率 | 10.6% | -10.7% |
| 营收同比 | 22.0% | — |
| 净利润同比 | 17.0% | — |
| 每股收益（稀释后） | — | — |
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SPXCVNET
| Q1 26 | $566.8M | — | ||
| Q4 25 | $637.3M | — | ||
| Q3 25 | $592.8M | $362.7M | ||
| Q2 25 | $552.4M | — | ||
| Q1 25 | $482.6M | $309.5M | ||
| Q4 24 | $533.7M | — | ||
| Q3 24 | $483.7M | $302.2M | ||
| Q2 24 | $501.3M | $274.4M |
净利润SPXCVNET
| Q1 26 | $59.9M | — | ||
| Q4 25 | $77.9M | — | ||
| Q3 25 | $62.7M | $-38.7M | ||
| Q2 25 | $52.2M | — | ||
| Q1 25 | $51.2M | $-2.4M | ||
| Q4 24 | $57.1M | — | ||
| Q3 24 | $50.2M | $-2.1M | ||
| Q2 24 | $44.2M | $-1.1M |
毛利率SPXCVNET
| Q1 26 | — | — | ||
| Q4 25 | 39.8% | — | ||
| Q3 25 | 40.4% | 20.9% | ||
| Q2 25 | 41.4% | — | ||
| Q1 25 | 40.6% | 25.2% | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 40.9% | 23.2% | ||
| Q2 24 | 40.1% | 21.3% |
营业利润率SPXCVNET
| Q1 26 | 15.5% | — | ||
| Q4 25 | 15.7% | — | ||
| Q3 25 | 16.4% | 0.5% | ||
| Q2 25 | 15.7% | — | ||
| Q1 25 | 13.8% | 0.1% | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 16.3% | 24.5% | ||
| Q2 24 | 14.9% | 0.2% |
净利率SPXCVNET
| Q1 26 | 10.6% | — | ||
| Q4 25 | 12.2% | — | ||
| Q3 25 | 10.6% | -10.7% | ||
| Q2 25 | 9.4% | — | ||
| Q1 25 | 10.6% | -0.8% | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 10.4% | -0.7% | ||
| Q2 24 | 8.8% | -0.4% |
每股收益（稀释后）SPXCVNET
| Q1 26 | — | — | ||
| Q4 25 | $1.56 | — | ||
| Q3 25 | $1.28 | — | ||
| Q2 25 | $1.10 | — | ||
| Q1 25 | $1.09 | — | ||
| Q4 24 | $1.21 | — | ||
| Q3 24 | $1.06 | — | ||
| Q2 24 | $0.94 | — |
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 | $156.5M | $492.1M |
| 总债务越低越好 | $667.3M | — |
| 股东权益账面价值 | $2.3B | $890.8M |
| 总资产 | $3.9B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.29× | — |
8季度趋势，按日历期对齐
现金及短期投资SPXCVNET
| Q1 26 | $156.5M | — | ||
| Q4 25 | $364.0M | — | ||
| Q3 25 | $229.4M | $492.1M | ||
| Q2 25 | $132.8M | — | ||
| Q1 25 | $177.8M | $544.3M | ||
| Q4 24 | $156.9M | — | ||
| Q3 24 | $124.8M | $219.5M | ||
| Q2 24 | $128.1M | $247.2M |
总债务SPXCVNET
| Q1 26 | $667.3M | — | ||
| Q4 25 | $496.7M | — | ||
| Q3 25 | $499.8M | — | ||
| Q2 25 | $950.3M | — | ||
| Q1 25 | $872.0M | — | ||
| Q4 24 | $577.0M | — | ||
| Q3 24 | $665.2M | $1.2B | ||
| Q2 24 | $509.9M | — |
股东权益SPXCVNET
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.1B | $890.8M | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.4B | $927.8M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $902.9M | ||
| Q2 24 | $1.3B | $900.6M |
总资产SPXCVNET
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.4B | $6.1B | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.1B | $5.4B | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.8B | $4.3B | ||
| Q2 24 | $2.8B | $4.0B |
负债/权益比SPXCVNET
| Q1 26 | 0.29× | — | ||
| Q4 25 | 0.22× | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.42× | — | ||
| Q3 24 | 0.49× | 1.28× | ||
| Q2 24 | 0.40× | — |
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 | $11.3M | $-193.1M |
| 自由现金流率自由现金流/营收 | 2.0% | -53.2% |
| 资本支出强度资本支出/营收 | 3.3% | 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 | $268.9M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流SPXCVNET
| Q1 26 | — | — | ||
| Q4 25 | $195.2M | — | ||
| Q3 25 | $106.5M | $113.8M | ||
| Q2 25 | $42.5M | — | ||
| Q1 25 | $-10.9M | $27.0M | ||
| Q4 24 | $166.5M | — | ||
| Q3 24 | $51.4M | $108.3M | ||
| Q2 24 | $57.5M | $55.8M |
自由现金流SPXCVNET
| Q1 26 | $11.3M | — | ||
| Q4 25 | $126.7M | — | ||
| Q3 25 | $96.1M | $-193.1M | ||
| Q2 25 | $34.8M | — | ||
| Q1 25 | $-16.4M | $-220.0M | ||
| Q4 24 | $156.7M | — | ||
| Q3 24 | $43.5M | $-95.0M | ||
| Q2 24 | $47.1M | $-81.6M |
自由现金流率SPXCVNET
| Q1 26 | 2.0% | — | ||
| Q4 25 | 19.9% | — | ||
| Q3 25 | 16.2% | -53.2% | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | -3.4% | -71.1% | ||
| Q4 24 | 29.4% | — | ||
| Q3 24 | 9.0% | -31.4% | ||
| Q2 24 | 9.4% | -29.8% |
资本支出强度SPXCVNET
| Q1 26 | 3.3% | — | ||
| Q4 25 | 10.7% | — | ||
| Q3 25 | 1.8% | 84.6% | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.1% | 79.8% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.6% | 67.3% | ||
| Q2 24 | 2.1% | 50.1% |
现金转化率SPXCVNET
| Q1 26 | — | — | ||
| Q4 25 | 2.51× | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | -0.21× | — | ||
| Q4 24 | 2.92× | — | ||
| Q3 24 | 1.02× | — | ||
| Q2 24 | 1.30× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
