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Teladoc Health, Inc.（TDOC）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
Teladoc Health, Inc.的季度营收约是世纪互联的1.7倍（$613.8M vs $362.7M），Teladoc Health, Inc.净利率更高（-10.4% vs -10.7%，领先0.3%），Teladoc Health, Inc.自由现金流更多（$-26.3M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -2.3%）
泰莱达克健康是一家跨国远程医疗与虚拟医疗企业，2002年成立，总部位于美国纽约。公司核心业务涵盖远程问诊、医学意见咨询、人工智能与数据分析、远程医疗设备及可授权平台服务，主要通过电话、视频会议软件与移动应用，为用户提供随时可及的远程医疗服务。
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。
TDOC vs VNET — 直观对比
营收规模更大
TDOC
是对方的1.7倍
$362.7M
净利率更高
TDOC
高出0.3%
-10.7%
自由现金流更多
TDOC
多$166.8M
$-193.1M
两年增速更快
VNET
近两年复合增速
-2.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $613.8M | $362.7M |
| 净利润 | $-63.8M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | -10.1% | 0.5% |
| 净利率 | -10.4% | -10.7% |
| 营收同比 | -2.5% | — |
| 净利润同比 | 31.4% | — |
| 每股收益（稀释后） | $-0.36 | — |
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TDOCVNET
| Q1 26 | $613.8M | — | ||
| Q4 25 | $642.3M | — | ||
| Q3 25 | $626.4M | $362.7M | ||
| Q2 25 | $631.9M | — | ||
| Q1 25 | $629.4M | $309.5M | ||
| Q4 24 | $640.5M | — | ||
| Q3 24 | $640.5M | $302.2M | ||
| Q2 24 | $642.4M | $274.4M |
净利润TDOCVNET
| Q1 26 | $-63.8M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-49.5M | $-38.7M | ||
| Q2 25 | $-32.7M | — | ||
| Q1 25 | $-93.0M | $-2.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-33.3M | $-2.1M | ||
| Q2 24 | $-837.7M | $-1.1M |
毛利率TDOCVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% |
营业利润率TDOCVNET
| Q1 26 | -10.1% | — | ||
| Q4 25 | -5.6% | — | ||
| Q3 25 | -8.3% | 0.5% | ||
| Q2 25 | -8.6% | — | ||
| Q1 25 | -19.2% | 0.1% | ||
| Q4 24 | -7.5% | — | ||
| Q3 24 | -6.9% | 24.5% | ||
| Q2 24 | -130.9% | 0.2% |
净利率TDOCVNET
| Q1 26 | -10.4% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -7.9% | -10.7% | ||
| Q2 25 | -5.2% | — | ||
| Q1 25 | -14.8% | -0.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | -5.2% | -0.7% | ||
| Q2 24 | -130.4% | -0.4% |
每股收益（稀释后）TDOCVNET
| Q1 26 | $-0.36 | — | ||
| Q4 25 | $-0.14 | — | ||
| Q3 25 | $-0.28 | — | ||
| Q2 25 | $-0.19 | — | ||
| Q1 25 | $-0.53 | — | ||
| Q4 24 | $-0.27 | — | ||
| Q3 24 | $-0.19 | — | ||
| Q2 24 | $-4.92 | — |
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 | $750.7M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $890.8M |
| 总资产 | $2.8B | $6.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资TDOCVNET
| Q1 26 | $750.7M | — | ||
| Q4 25 | $781.1M | — | ||
| Q3 25 | $726.2M | $492.1M | ||
| Q2 25 | $679.6M | — | ||
| Q1 25 | $1.2B | $544.3M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.2B | $219.5M | ||
| Q2 24 | $1.2B | $247.2M |
总债务TDOCVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益TDOCVNET
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $890.8M | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | $927.8M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | $902.9M | ||
| Q2 24 | $1.5B | $900.6M |
总资产TDOCVNET
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | $6.1B | ||
| Q2 25 | $2.9B | — | ||
| Q1 25 | $3.4B | $5.4B | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.5B | $4.3B | ||
| Q2 24 | $3.5B | $4.0B |
负债/权益比TDOCVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $9.5M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-26.3M | $-193.1M |
| 自由现金流率自由现金流/营收 | -4.3% | -53.2% |
| 资本支出强度资本支出/营收 | 0.3% | 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 | $246.0M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流TDOCVNET
| Q1 26 | $9.5M | — | ||
| Q4 25 | $87.7M | — | ||
| Q3 25 | $99.3M | $113.8M | ||
| Q2 25 | $91.4M | — | ||
| Q1 25 | $15.9M | $27.0M | ||
| Q4 24 | $85.9M | — | ||
| Q3 24 | $110.2M | $108.3M | ||
| Q2 24 | $88.7M | $55.8M |
自由现金流TDOCVNET
| Q1 26 | $-26.3M | — | ||
| Q4 25 | $85.1M | — | ||
| Q3 25 | $97.0M | $-193.1M | ||
| Q2 25 | $90.2M | — | ||
| Q1 25 | $13.2M | $-220.0M | ||
| Q4 24 | $79.8M | — | ||
| Q3 24 | $108.6M | $-95.0M | ||
| Q2 24 | $86.8M | $-81.6M |
自由现金流率TDOCVNET
| Q1 26 | -4.3% | — | ||
| Q4 25 | 13.3% | — | ||
| Q3 25 | 15.5% | -53.2% | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | 2.1% | -71.1% | ||
| Q4 24 | 12.5% | — | ||
| Q3 24 | 17.0% | -31.4% | ||
| Q2 24 | 13.5% | -29.8% |
资本支出强度TDOCVNET
| Q1 26 | 0.3% | — | ||
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.4% | 84.6% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.4% | 79.8% | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 0.2% | 67.3% | ||
| Q2 24 | 0.3% | 50.1% |
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
TDOC
| U.S | $491.5M | 80% |
| International | $122.3M | 20% |
VNET
暂无分部数据
