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Savers Value Village, Inc.（SVV）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
Savers Value Village, Inc.的季度营收约是世纪互联的1.2倍（$426.9M vs $362.7M），Savers Value Village, Inc.净利率更高（-3.3% vs -10.7%，领先7.4%），Savers Value Village, Inc.自由现金流更多（$-6.3M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 4.3%）
Savers Value Village是美国中西部的折扣百货连锁品牌，由原伍尔沃斯公司的亨利·霍尼创立，1961年开业，运营至1989年，业务覆盖威斯康星州、伊利诺伊州两地。霍尼同时经营房地产业务，常于折扣店旁配套建设小型购物中心。
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。
SVV vs VNET — 直观对比
营收规模更大
SVV
是对方的1.2倍
$362.7M
净利率更高
SVV
高出7.4%
-10.7%
自由现金流更多
SVV
多$186.8M
$-193.1M
两年增速更快
VNET
近两年复合增速
4.3%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $426.9M | $362.7M |
| 净利润 | $-14.0M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 8.5% | 0.5% |
| 净利率 | -3.3% | -10.7% |
| 营收同比 | 8.1% | — |
| 净利润同比 | -164.6% | — |
| 每股收益（稀释后） | $-0.09 | — |
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SVVVNET
| Q3 25 | $426.9M | $362.7M | ||
| Q2 25 | $417.2M | — | ||
| Q1 25 | $370.1M | $309.5M | ||
| Q4 24 | $402.0M | — | ||
| Q3 24 | $394.8M | $302.2M | ||
| Q2 24 | $386.7M | $274.4M | ||
| Q1 24 | $354.2M | $262.9M | ||
| Q3 23 | $392.7M | $258.6M |
净利润SVVVNET
| Q3 25 | $-14.0M | $-38.7M | ||
| Q2 25 | $18.9M | — | ||
| Q1 25 | $-4.7M | $-2.4M | ||
| Q4 24 | $-1.9M | — | ||
| Q3 24 | $21.7M | $-2.1M | ||
| Q2 24 | $9.7M | $-1.1M | ||
| Q1 24 | $-467.0K | $-22.0M | ||
| Q3 23 | $-15.6M | $-5.5M |
毛利率SVVVNET
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | 25.6% | 23.2% | ||
| Q2 24 | 26.6% | 21.3% | ||
| Q1 24 | 24.2% | 21.6% | ||
| Q3 23 | 30.2% | 16.2% |
营业利润率SVVVNET
| Q3 25 | 8.5% | 0.5% | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 2.8% | 0.1% | ||
| Q4 24 | 8.2% | — | ||
| Q3 24 | 12.3% | 24.5% | ||
| Q2 24 | 8.3% | 0.2% | ||
| Q1 24 | 4.6% | 0.2% | ||
| Q3 23 | 5.2% | 1.7% |
净利率SVVVNET
| Q3 25 | -3.3% | -10.7% | ||
| Q2 25 | 4.5% | — | ||
| Q1 25 | -1.3% | -0.8% | ||
| Q4 24 | -0.5% | — | ||
| Q3 24 | 5.5% | -0.7% | ||
| Q2 24 | 2.5% | -0.4% | ||
| Q1 24 | -0.1% | -8.4% | ||
| Q3 23 | -4.0% | -2.1% |
每股收益（稀释后）SVVVNET
| Q3 25 | $-0.09 | — | ||
| Q2 25 | $0.12 | — | ||
| Q1 25 | $-0.03 | — | ||
| Q4 24 | $-0.02 | — | ||
| Q3 24 | $0.13 | — | ||
| Q2 24 | $0.06 | — | ||
| Q1 24 | $0.00 | — | ||
| Q3 23 | $-0.10 | — |
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 | $63.5M | $492.1M |
| 总债务越低越好 | $750.0M | — |
| 股东权益账面价值 | $414.6M | $890.8M |
| 总资产 | $2.0B | $6.1B |
| 负债/权益比越低杠杆越低 | 1.81× | — |
8季度趋势，按日历期对齐
现金及短期投资SVVVNET
| Q3 25 | $63.5M | $492.1M | ||
| Q2 25 | $70.5M | — | ||
| Q1 25 | $73.0M | $544.3M | ||
| Q4 24 | $150.0M | — | ||
| Q3 24 | $137.7M | $219.5M | ||
| Q2 24 | $160.7M | $247.2M | ||
| Q1 24 | $102.2M | $246.9M | ||
| Q3 23 | $125.3M | $370.4M |
总债务SVVVNET
| Q3 25 | $750.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
股东权益SVVVNET
| Q3 25 | $414.6M | $890.8M | ||
| Q2 25 | $423.5M | — | ||
| Q1 25 | $413.8M | $927.8M | ||
| Q4 24 | $421.7M | — | ||
| Q3 24 | $432.9M | $902.9M | ||
| Q2 24 | $419.5M | $900.6M | ||
| Q1 24 | $395.0M | $895.1M | ||
| Q3 23 | $313.1M | $942.7M |
总资产SVVVNET
| Q3 25 | $2.0B | $6.1B | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | $5.4B | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | $4.3B | ||
| Q2 24 | $1.9B | $4.0B | ||
| Q1 24 | $1.8B | $3.9B | ||
| Q3 23 | $1.8B | $4.1B |
负债/权益比SVVVNET
| Q3 25 | 1.81× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 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 | $21.6M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-6.3M | $-193.1M |
| 自由现金流率自由现金流/营收 | -1.5% | -53.2% |
| 资本支出强度资本支出/营收 | 6.5% | 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 | $25.5M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流SVVVNET
| Q3 25 | $21.6M | $113.8M | ||
| Q2 25 | $54.4M | — | ||
| Q1 25 | $419.0K | $27.0M | ||
| Q4 24 | $55.8M | — | ||
| Q3 24 | $23.9M | $108.3M | ||
| Q2 24 | $60.4M | $55.8M | ||
| Q1 24 | $-5.8M | $37.1M | ||
| Q3 23 | $50.6M | $62.3M |
自由现金流SVVVNET
| Q3 25 | $-6.3M | $-193.1M | ||
| Q2 25 | $21.9M | — | ||
| Q1 25 | $-20.2M | $-220.0M | ||
| Q4 24 | $30.1M | — | ||
| Q3 24 | $-3.0M | $-95.0M | ||
| Q2 24 | $29.6M | $-81.6M | ||
| Q1 24 | $-28.3M | $-102.2M | ||
| Q3 23 | $23.2M | $-67.5M |
自由现金流率SVVVNET
| Q3 25 | -1.5% | -53.2% | ||
| Q2 25 | 5.2% | — | ||
| Q1 25 | -5.4% | -71.1% | ||
| Q4 24 | 7.5% | — | ||
| Q3 24 | -0.8% | -31.4% | ||
| Q2 24 | 7.6% | -29.8% | ||
| Q1 24 | -8.0% | -38.9% | ||
| Q3 23 | 5.9% | -26.1% |
资本支出强度SVVVNET
| Q3 25 | 6.5% | 84.6% | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 5.6% | 79.8% | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 6.8% | 67.3% | ||
| Q2 24 | 8.0% | 50.1% | ||
| Q1 24 | 6.4% | 53.0% | ||
| Q3 23 | 7.0% | 50.2% |
现金转化率SVVVNET
| Q3 25 | — | — | ||
| Q2 25 | 2.88× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 6.22× | — | ||
| Q1 24 | — | — | ||
| Q3 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
SVV
| Sales Channel Directly To Consumer | $408.3M | 96% |
| Sales Channel Through Intermediary | $18.6M | 4% |
VNET
暂无分部数据
