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森馨科技（SXT）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
森馨科技的季度营收约是世纪互联的1.2倍（$435.8M vs $362.7M），森馨科技净利率更高（10.1% vs -10.7%，领先20.8%），过去两年世纪互联的营收复合增速更高（17.4% vs 3.9%）
森馨科技是总部位于美国威斯康星州密尔沃基的全球化色素、香精香料生产商及销售商，产品广泛应用于食品饮料、医药、化妆品、家居个护、特种印刷成像、计算机成像及工业着色等多个领域，旗下设有香精香料事业部与色素事业部两大核心业务板块。
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。
SXT vs VNET — 直观对比
营收规模更大
SXT
是对方的1.2倍
$362.7M
净利率更高
SXT
高出20.8%
-10.7%
两年增速更快
VNET
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $435.8M | $362.7M |
| 净利润 | $44.2M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 15.3% | 0.5% |
| 净利率 | 10.1% | -10.7% |
| 营收同比 | 11.1% | — |
| 净利润同比 | 28.2% | — |
| 每股收益（稀释后） | $1.04 | — |
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SXTVNET
| Q1 26 | $435.8M | — | ||
| Q4 25 | $393.4M | — | ||
| Q3 25 | $412.1M | $362.7M | ||
| Q2 25 | $414.2M | — | ||
| Q1 25 | $392.3M | $309.5M | ||
| Q4 24 | $376.4M | — | ||
| Q3 24 | $392.6M | $302.2M | ||
| Q2 24 | $403.5M | $274.4M |
净利润SXTVNET
| Q1 26 | $44.2M | — | ||
| Q4 25 | $25.5M | — | ||
| Q3 25 | $37.0M | $-38.7M | ||
| Q2 25 | $37.6M | — | ||
| Q1 25 | $34.5M | $-2.4M | ||
| Q4 24 | $30.1M | — | ||
| Q3 24 | $32.7M | $-2.1M | ||
| Q2 24 | $30.9M | $-1.1M |
毛利率SXTVNET
| Q1 26 | — | — | ||
| Q4 25 | 31.4% | — | ||
| Q3 25 | 34.3% | 20.9% | ||
| Q2 25 | 34.5% | — | ||
| Q1 25 | 33.6% | 25.2% | ||
| Q4 24 | 31.7% | — | ||
| Q3 24 | 33.2% | 23.2% | ||
| Q2 24 | 32.4% | 21.3% |
营业利润率SXTVNET
| Q1 26 | 15.3% | — | ||
| Q4 25 | 9.7% | — | ||
| Q3 25 | 14.0% | 0.5% | ||
| Q2 25 | 13.9% | — | ||
| Q1 25 | 13.6% | 0.1% | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | 12.9% | 24.5% | ||
| Q2 24 | 12.3% | 0.2% |
净利率SXTVNET
| Q1 26 | 10.1% | — | ||
| Q4 25 | 6.5% | — | ||
| Q3 25 | 9.0% | -10.7% | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | 8.8% | -0.8% | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 8.3% | -0.7% | ||
| Q2 24 | 7.7% | -0.4% |
每股收益（稀释后）SXTVNET
| Q1 26 | $1.04 | — | ||
| Q4 25 | $0.60 | — | ||
| Q3 25 | $0.87 | — | ||
| Q2 25 | $0.88 | — | ||
| Q1 25 | $0.81 | — | ||
| Q4 24 | $0.71 | — | ||
| Q3 24 | $0.77 | — | ||
| Q2 24 | $0.73 | — |
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 | $38.5M | $492.1M |
| 总债务越低越好 | $767.8M | — |
| 股东权益账面价值 | $1.2B | $890.8M |
| 总资产 | $2.3B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.63× | — |
8季度趋势，按日历期对齐
现金及短期投资SXTVNET
| Q1 26 | $38.5M | — | ||
| Q4 25 | $36.5M | — | ||
| Q3 25 | $42.7M | $492.1M | ||
| Q2 25 | $56.7M | — | ||
| Q1 25 | $32.6M | $544.3M | ||
| Q4 24 | $26.6M | — | ||
| Q3 24 | $37.0M | $219.5M | ||
| Q2 24 | $30.3M | $247.2M |
总债务SXTVNET
| Q1 26 | $767.8M | — | ||
| Q4 25 | $709.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $613.5M | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益SXTVNET
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $890.8M | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.1B | $927.8M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $902.9M | ||
| Q2 24 | $1.1B | $900.6M |
总资产SXTVNET
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $6.1B | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.1B | $5.4B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | $4.3B | ||
| Q2 24 | $2.0B | $4.0B |
负债/权益比SXTVNET
| Q1 26 | 0.63× | — | ||
| Q4 25 | 0.59× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.58× | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — |
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 | — | $-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SXTVNET
| Q1 26 | — | — | ||
| Q4 25 | $44.6M | — | ||
| Q3 25 | $44.0M | $113.8M | ||
| Q2 25 | $48.3M | — | ||
| Q1 25 | $-9.0M | $27.0M | ||
| Q4 24 | $21.4M | — | ||
| Q3 24 | $76.8M | $108.3M | ||
| Q2 24 | $43.8M | $55.8M |
自由现金流SXTVNET
| Q1 26 | — | — | ||
| Q4 25 | $12.9M | — | ||
| Q3 25 | $24.2M | $-193.1M | ||
| Q2 25 | $27.1M | — | ||
| Q1 25 | $-25.8M | $-220.0M | ||
| Q4 24 | $-1.7M | — | ||
| Q3 24 | $63.6M | $-95.0M | ||
| Q2 24 | $32.0M | $-81.6M |
自由现金流率SXTVNET
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | — | ||
| Q3 25 | 5.9% | -53.2% | ||
| Q2 25 | 6.5% | — | ||
| Q1 25 | -6.6% | -71.1% | ||
| Q4 24 | -0.5% | — | ||
| Q3 24 | 16.2% | -31.4% | ||
| Q2 24 | 7.9% | -29.8% |
资本支出强度SXTVNET
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | — | ||
| Q3 25 | 4.8% | 84.6% | ||
| Q2 25 | 5.1% | — | ||
| Q1 25 | 4.3% | 79.8% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 3.4% | 67.3% | ||
| Q2 24 | 2.9% | 50.1% |
现金转化率SXTVNET
| Q1 26 | — | — | ||
| Q4 25 | 1.75× | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | -0.26× | — | ||
| Q4 24 | 0.71× | — | ||
| Q3 24 | 2.35× | — | ||
| Q2 24 | 1.42× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
