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狮门娱乐（STRZ）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狮门娱乐的1.1倍（$362.7M vs $320.9M），世纪互联净利率更高（-10.7% vs -16.4%，领先5.7%），狮门娱乐自由现金流更多（$-31.3M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -40.6%）
Starz娱乐集团（原狮门娱乐）是一家加拿大裔美国合资娱乐企业，1997年由弗兰克·朱斯特拉创立，目前总部坐落于加利福尼亚州圣莫尼卡，注册经营原籍为不列颠哥伦比亚省温哥华，在影视内容制作发行领域拥有深厚行业积淀。
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。
STRZ vs VNET — 直观对比
营收规模更大
VNET
是对方的1.1倍
$320.9M
净利率更高
VNET
高出5.7%
-16.4%
自由现金流更多
STRZ
多$161.8M
$-193.1M
两年增速更快
VNET
近两年复合增速
-40.6%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $320.9M | $362.7M |
| 净利润 | $-52.6M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | -10.8% | 0.5% |
| 净利率 | -16.4% | -10.7% |
| 营收同比 | -7.5% | — |
| 净利润同比 | -71.9% | — |
| 每股收益（稀释后） | $-3.15 | — |
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STRZVNET
| Q3 25 | $320.9M | $362.7M | ||
| Q2 25 | $319.7M | — | ||
| Q1 25 | — | $309.5M | ||
| Q4 24 | $970.5M | — | ||
| Q3 24 | $346.9M | $302.2M | ||
| Q2 24 | $347.6M | $274.4M | ||
| Q1 24 | — | $262.9M | ||
| Q4 23 | $975.1M | — |
净利润STRZVNET
| Q3 25 | $-52.6M | $-38.7M | ||
| Q2 25 | $-42.5M | — | ||
| Q1 25 | — | $-2.4M | ||
| Q4 24 | $-21.9M | — | ||
| Q3 24 | $-30.6M | $-2.1M | ||
| Q2 24 | $4.2M | $-1.1M | ||
| Q1 24 | — | $-22.0M | ||
| Q4 23 | $-106.6M | — |
毛利率STRZVNET
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% | ||
| Q4 23 | — | — |
营业利润率STRZVNET
| Q3 25 | -10.8% | 0.5% | ||
| Q2 25 | -8.4% | — | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | -4.9% | 24.5% | ||
| Q2 24 | 2.9% | 0.2% | ||
| Q1 24 | — | 0.2% | ||
| Q4 23 | -4.5% | — |
净利率STRZVNET
| Q3 25 | -16.4% | -10.7% | ||
| Q2 25 | -13.3% | — | ||
| Q1 25 | — | -0.8% | ||
| Q4 24 | -2.3% | — | ||
| Q3 24 | -8.8% | -0.7% | ||
| Q2 24 | 1.2% | -0.4% | ||
| Q1 24 | — | -8.4% | ||
| Q4 23 | -10.9% | — |
每股收益（稀释后）STRZVNET
| Q3 25 | $-3.15 | — | ||
| Q2 25 | $-2.54 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-0.09 | — | ||
| Q3 24 | $-1.83 | — | ||
| Q2 24 | $0.26 | — | ||
| Q1 24 | — | — | ||
| Q4 23 | $-0.45 | — |
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 | $37.0M | $492.1M |
| 总债务越低越好 | $608.7M | — |
| 股东权益账面价值 | $663.2M | $890.8M |
| 总资产 | $2.0B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.92× | — |
8季度趋势，按日历期对齐
现金及短期投资STRZVNET
| Q3 25 | $37.0M | $492.1M | ||
| Q2 25 | $51.6M | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | $200.5M | — | ||
| Q3 24 | $229.6M | $219.5M | ||
| Q2 24 | $192.5M | $247.2M | ||
| Q1 24 | — | $246.9M | ||
| Q4 23 | $283.0M | — |
总债务STRZVNET
| Q3 25 | $608.7M | — | ||
| Q2 25 | $611.7M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | — | — | ||
| Q4 23 | $2.2B | — |
股东权益STRZVNET
| Q3 25 | $663.2M | $890.8M | ||
| Q2 25 | $712.3M | — | ||
| Q1 25 | — | $927.8M | ||
| Q4 24 | $-168.3M | — | ||
| Q3 24 | $935.9M | $902.9M | ||
| Q2 24 | $973.1M | $900.6M | ||
| Q1 24 | — | $895.1M | ||
| Q4 23 | $-325.5M | — |
总资产STRZVNET
| Q3 25 | $2.0B | $6.1B | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | $7.2B | — | ||
| Q3 24 | $7.1B | $4.3B | ||
| Q2 24 | $7.2B | $4.0B | ||
| Q1 24 | — | $3.9B | ||
| Q4 23 | $7.2B | — |
负债/权益比STRZVNET
| Q3 25 | 0.92× | — | ||
| Q2 25 | 0.86× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.24× | 1.28× | ||
| Q2 24 | 1.59× | — | ||
| 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 | $-26.1M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-31.3M | $-193.1M |
| 自由现金流率自由现金流/营收 | -9.8% | -53.2% |
| 资本支出强度资本支出/营收 | 1.6% | 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 | $-317.7M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流STRZVNET
| Q3 25 | $-26.1M | $113.8M | ||
| Q2 25 | $65.4M | — | ||
| Q1 25 | — | $27.0M | ||
| Q4 24 | $-335.3M | — | ||
| Q3 24 | $9.1M | $108.3M | ||
| Q2 24 | $-33.5M | $55.8M | ||
| Q1 24 | — | $37.1M | ||
| Q4 23 | $71.1M | — |
自由现金流STRZVNET
| Q3 25 | $-31.3M | $-193.1M | ||
| Q2 25 | $58.5M | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | $-349.3M | — | ||
| Q3 24 | $4.4M | $-95.0M | ||
| Q2 24 | $-38.4M | $-81.6M | ||
| Q1 24 | — | $-102.2M | ||
| Q4 23 | $64.7M | — |
自由现金流率STRZVNET
| Q3 25 | -9.8% | -53.2% | ||
| Q2 25 | 18.3% | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | -36.0% | — | ||
| Q3 24 | 1.3% | -31.4% | ||
| Q2 24 | -11.0% | -29.8% | ||
| Q1 24 | — | -38.9% | ||
| Q4 23 | 6.6% | — |
资本支出强度STRZVNET
| Q3 25 | 1.6% | 84.6% | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.4% | 67.3% | ||
| Q2 24 | 1.4% | 50.1% | ||
| Q1 24 | — | 53.0% | ||
| Q4 23 | 0.7% | — |
现金转化率STRZVNET
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -7.98× | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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
STRZ
| Over The Top Subscription Service OTT | $222.8M | 69% |
| Linear Subscription Service | $98.1M | 31% |
VNET
暂无分部数据
