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Stagwell Inc（STGW）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
Stagwell Inc的季度营收约是世纪互联的1.9倍（$704.1M vs $362.7M），Stagwell Inc净利率更高（-2.0% vs -10.7%，领先8.7%），过去两年世纪互联的营收复合增速更高（17.4% vs 2.4%）
Stagwell Inc是一家全球营销传播集团，由马克·佩恩于2015年创立，前身为Stagwell Group。2020年集团宣布计划与关联企业MDC Partners合并，该合并交易于2021年8月正式完成，目前业务覆盖全球多个市场，为客户提供整合营销、品牌传播等专业服务。
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。
STGW vs VNET — 直观对比
营收规模更大
STGW
是对方的1.9倍
$362.7M
净利率更高
STGW
高出8.7%
-10.7%
两年增速更快
VNET
近两年复合增速
2.4%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $704.1M | $362.7M |
| 净利润 | $-13.9M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 1.4% | 0.5% |
| 净利率 | -2.0% | -10.7% |
| 营收同比 | 8.0% | — |
| 净利润同比 | -344.7% | — |
| 每股收益（稀释后） | $-0.05 | — |
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STGWVNET
| Q1 26 | $704.1M | — | ||
| Q4 25 | $807.4M | — | ||
| Q3 25 | $743.0M | $362.7M | ||
| Q2 25 | $706.8M | — | ||
| Q1 25 | $651.7M | $309.5M | ||
| Q4 24 | $788.7M | — | ||
| Q3 24 | $711.3M | $302.2M | ||
| Q2 24 | $671.2M | $274.4M |
净利润STGWVNET
| Q1 26 | $-13.9M | — | ||
| Q4 25 | $12.7M | — | ||
| Q3 25 | $24.6M | $-38.7M | ||
| Q2 25 | $-5.3M | — | ||
| Q1 25 | $-2.9M | $-2.4M | ||
| Q4 24 | $3.2M | — | ||
| Q3 24 | $3.3M | $-2.1M | ||
| Q2 24 | $-3.0M | $-1.1M |
毛利率STGWVNET
| Q1 26 | — | — | ||
| Q4 25 | 37.6% | — | ||
| Q3 25 | 36.6% | 20.9% | ||
| Q2 25 | 35.0% | — | ||
| Q1 25 | 36.8% | 25.2% | ||
| Q4 24 | 36.3% | — | ||
| Q3 24 | 35.7% | 23.2% | ||
| Q2 24 | 34.6% | 21.3% |
营业利润率STGWVNET
| Q1 26 | 1.4% | — | ||
| Q4 25 | 7.0% | — | ||
| Q3 25 | 8.2% | 0.5% | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 2.8% | 0.1% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 5.9% | 24.5% | ||
| Q2 24 | 3.3% | 0.2% |
净利率STGWVNET
| Q1 26 | -2.0% | — | ||
| Q4 25 | 1.6% | — | ||
| Q3 25 | 3.3% | -10.7% | ||
| Q2 25 | -0.7% | — | ||
| Q1 25 | -0.4% | -0.8% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.5% | -0.7% | ||
| Q2 24 | -0.4% | -0.4% |
每股收益（稀释后）STGWVNET
| Q1 26 | $-0.05 | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $114.9M | $492.1M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $722.5M | $890.8M |
| 总资产 | $4.2B | $6.1B |
| 负债/权益比越低杠杆越低 | 1.99× | — |
8季度趋势，按日历期对齐
现金及短期投资STGWVNET
| Q1 26 | $114.9M | — | ||
| Q4 25 | $104.5M | — | ||
| Q3 25 | $132.2M | $492.1M | ||
| Q2 25 | $181.3M | — | ||
| Q1 25 | $137.7M | $544.3M | ||
| Q4 24 | $131.3M | — | ||
| Q3 24 | $145.8M | $219.5M | ||
| Q2 24 | $136.1M | $247.2M |
总债务STGWVNET
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.4B | — |
股东权益STGWVNET
| Q1 26 | $722.5M | — | ||
| Q4 25 | $758.4M | — | ||
| Q3 25 | $749.0M | $890.8M | ||
| Q2 25 | $750.1M | — | ||
| Q1 25 | $334.4M | $927.8M | ||
| Q4 24 | $331.7M | — | ||
| Q3 24 | $286.4M | $902.9M | ||
| Q2 24 | $291.6M | $900.6M |
总资产STGWVNET
| Q1 26 | $4.2B | — | ||
| Q4 25 | $4.2B | — | ||
| Q3 25 | $4.3B | $6.1B | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $4.0B | $5.4B | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $3.8B | $4.3B | ||
| Q2 24 | $3.8B | $4.0B |
负债/权益比STGWVNET
| Q1 26 | 1.99× | — | ||
| Q4 25 | 1.75× | — | ||
| Q3 25 | 2.04× | — | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 4.38× | — | ||
| Q4 24 | 4.08× | — | ||
| Q3 24 | 5.11× | 1.28× | ||
| Q2 24 | 4.88× | — |
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 | $-26.5M | $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 | 1.5% | 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STGWVNET
| Q1 26 | $-26.5M | — | ||
| Q4 25 | $260.3M | — | ||
| Q3 25 | $-24.0M | $113.8M | ||
| Q2 25 | $114.8M | — | ||
| Q1 25 | $-60.0M | $27.0M | ||
| Q4 24 | $212.1M | — | ||
| Q3 24 | $-1.6M | $108.3M | ||
| Q2 24 | $-14.5M | $55.8M |
自由现金流STGWVNET
| Q1 26 | — | — | ||
| Q4 25 | $242.9M | — | ||
| Q3 25 | $-38.8M | $-193.1M | ||
| Q2 25 | $107.1M | — | ||
| Q1 25 | $-63.9M | $-220.0M | ||
| Q4 24 | $209.9M | — | ||
| Q3 24 | $-4.3M | $-95.0M | ||
| Q2 24 | $-23.0M | $-81.6M |
自由现金流率STGWVNET
| Q1 26 | — | — | ||
| Q4 25 | 30.1% | — | ||
| Q3 25 | -5.2% | -53.2% | ||
| Q2 25 | 15.1% | — | ||
| Q1 25 | -9.8% | -71.1% | ||
| Q4 24 | 26.6% | — | ||
| Q3 24 | -0.6% | -31.4% | ||
| Q2 24 | -3.4% | -29.8% |
资本支出强度STGWVNET
| Q1 26 | 1.5% | — | ||
| Q4 25 | 2.2% | — | ||
| Q3 25 | 2.0% | 84.6% | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 0.6% | 79.8% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.4% | 67.3% | ||
| Q2 24 | 1.3% | 50.1% |
现金转化率STGWVNET
| Q1 26 | — | — | ||
| Q4 25 | 20.56× | — | ||
| Q3 25 | -0.98× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 65.56× | — | ||
| Q3 24 | -0.49× | — | ||
| Q2 24 | — | — |
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
STGW
| Net | $585.0M | 83% |
| Digital Transformation Net | $97.0M | 14% |
| Other | $22.1M | 3% |
VNET
暂无分部数据
