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Tecnoglass Inc.（TGLS）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Tecnoglass Inc.的1.5倍（$362.7M vs $245.3M），Tecnoglass Inc.净利率更高（10.6% vs -10.7%，领先21.3%），Tecnoglass Inc.自由现金流更多（$11.4M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 12.8%）
Tecnoglass Inc.是一家领先的建筑玻璃、铝制门窗及相关建材生产商，主要服务北美及拉美地区的住宅和商业建筑领域，为新建及翻新项目提供定制化、高能效的建筑解决方案。
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。
TGLS vs VNET — 直观对比
营收规模更大
VNET
是对方的1.5倍
$245.3M
净利率更高
TGLS
高出21.3%
-10.7%
自由现金流更多
TGLS
多$204.5M
$-193.1M
两年增速更快
VNET
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $245.3M | $362.7M |
| 净利润 | $26.1M | $-38.7M |
| 毛利率 | 40.0% | 20.9% |
| 营业利润率 | 18.3% | 0.5% |
| 净利率 | 10.6% | -10.7% |
| 营收同比 | 2.4% | — |
| 净利润同比 | -44.5% | — |
| 每股收益（稀释后） | $0.57 | — |
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TGLSVNET
| Q4 25 | $245.3M | — | ||
| Q3 25 | $260.5M | $362.7M | ||
| Q2 25 | $255.5M | — | ||
| Q1 25 | $222.3M | $309.5M | ||
| Q4 24 | $239.6M | — | ||
| Q3 24 | $238.3M | $302.2M | ||
| Q2 24 | $219.7M | $274.4M | ||
| Q1 24 | $192.6M | $262.9M |
净利润TGLSVNET
| Q4 25 | $26.1M | — | ||
| Q3 25 | $47.2M | $-38.7M | ||
| Q2 25 | $44.1M | — | ||
| Q1 25 | $42.2M | $-2.4M | ||
| Q4 24 | $47.0M | — | ||
| Q3 24 | $49.5M | $-2.1M | ||
| Q2 24 | $35.0M | $-1.1M | ||
| Q1 24 | $29.7M | $-22.0M |
毛利率TGLSVNET
| Q4 25 | 40.0% | — | ||
| Q3 25 | 42.7% | 20.9% | ||
| Q2 25 | 44.7% | — | ||
| Q1 25 | 43.9% | 25.2% | ||
| Q4 24 | 44.5% | — | ||
| Q3 24 | 45.8% | 23.2% | ||
| Q2 24 | 40.8% | 21.3% | ||
| Q1 24 | 38.8% | 21.6% |
营业利润率TGLSVNET
| Q4 25 | 18.3% | — | ||
| Q3 25 | 25.1% | 0.5% | ||
| Q2 25 | 24.0% | — | ||
| Q1 25 | 26.7% | 0.1% | ||
| Q4 24 | 28.0% | — | ||
| Q3 24 | 28.4% | 24.5% | ||
| Q2 24 | 23.3% | 0.2% | ||
| Q1 24 | 21.3% | 0.2% |
净利率TGLSVNET
| Q4 25 | 10.6% | — | ||
| Q3 25 | 18.1% | -10.7% | ||
| Q2 25 | 17.3% | — | ||
| Q1 25 | 19.0% | -0.8% | ||
| Q4 24 | 19.6% | — | ||
| Q3 24 | 20.8% | -0.7% | ||
| Q2 24 | 15.9% | -0.4% | ||
| Q1 24 | 15.4% | -8.4% |
每股收益（稀释后）TGLSVNET
| Q4 25 | $0.57 | — | ||
| Q3 25 | $1.01 | — | ||
| Q2 25 | $0.94 | — | ||
| Q1 25 | $0.90 | — | ||
| Q4 24 | $1.00 | — | ||
| Q3 24 | $1.05 | — | ||
| Q2 24 | $0.75 | — | ||
| Q1 24 | $0.63 | — |
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 | $104.1M | $492.1M |
| 总债务越低越好 | $174.4M | — |
| 股东权益账面价值 | $713.1M | $890.8M |
| 总资产 | $1.3B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.24× | — |
8季度趋势，按日历期对齐
现金及短期投资TGLSVNET
| Q4 25 | $104.1M | — | ||
| Q3 25 | $127.1M | $492.1M | ||
| Q2 25 | $140.9M | — | ||
| Q1 25 | $160.2M | $544.3M | ||
| Q4 24 | $137.5M | — | ||
| Q3 24 | $124.8M | $219.5M | ||
| Q2 24 | $129.5M | $247.2M | ||
| Q1 24 | $138.8M | $246.9M |
总债务TGLSVNET
| Q4 25 | $174.4M | — | ||
| Q3 25 | $114.7M | — | ||
| Q2 25 | $110.6M | — | ||
| Q1 25 | $110.6M | — | ||
| Q4 24 | $111.1M | — | ||
| Q3 24 | $126.8M | $1.2B | ||
| Q2 24 | $144.7M | — | ||
| Q1 24 | $160.9M | — |
股东权益TGLSVNET
| Q4 25 | $713.1M | — | ||
| Q3 25 | $764.0M | $890.8M | ||
| Q2 25 | $736.0M | — | ||
| Q1 25 | $685.1M | $927.8M | ||
| Q4 24 | $631.2M | — | ||
| Q3 24 | $613.3M | $902.9M | ||
| Q2 24 | $574.8M | $900.6M | ||
| Q1 24 | $573.6M | $895.1M |
总资产TGLSVNET
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | $6.1B | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.1B | $5.4B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $996.3M | $4.3B | ||
| Q2 24 | $942.5M | $4.0B | ||
| Q1 24 | $981.6M | $3.9B |
负债/权益比TGLSVNET
| Q4 25 | 0.24× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.15× | — | ||
| Q1 25 | 0.16× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.21× | 1.28× | ||
| Q2 24 | 0.25× | — | ||
| Q1 24 | 0.28× | — |
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 | $31.0M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $11.4M | $-193.1M |
| 自由现金流率自由现金流/营收 | 4.7% | -53.2% |
| 资本支出强度资本支出/营收 | 8.0% | 84.6% |
| 现金转化率经营现金流/净利润 | 1.19× | — |
| 过去12个月自由现金流最近4个季度 | $34.5M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流TGLSVNET
| Q4 25 | $31.0M | — | ||
| Q3 25 | $40.0M | $113.8M | ||
| Q2 25 | $17.9M | — | ||
| Q1 25 | $46.9M | $27.0M | ||
| Q4 24 | $61.1M | — | ||
| Q3 24 | $41.5M | $108.3M | ||
| Q2 24 | $34.5M | $55.8M | ||
| Q1 24 | $33.4M | $37.1M |
自由现金流TGLSVNET
| Q4 25 | $11.4M | — | ||
| Q3 25 | $21.2M | $-193.1M | ||
| Q2 25 | $-14.7M | — | ||
| Q1 25 | $16.5M | $-220.0M | ||
| Q4 24 | $35.4M | — | ||
| Q3 24 | $17.8M | $-95.0M | ||
| Q2 24 | $14.2M | $-81.6M | ||
| Q1 24 | $23.6M | $-102.2M |
自由现金流率TGLSVNET
| Q4 25 | 4.7% | — | ||
| Q3 25 | 8.2% | -53.2% | ||
| Q2 25 | -5.7% | — | ||
| Q1 25 | 7.4% | -71.1% | ||
| Q4 24 | 14.8% | — | ||
| Q3 24 | 7.5% | -31.4% | ||
| Q2 24 | 6.5% | -29.8% | ||
| Q1 24 | 12.2% | -38.9% |
资本支出强度TGLSVNET
| Q4 25 | 8.0% | — | ||
| Q3 25 | 7.2% | 84.6% | ||
| Q2 25 | 12.7% | — | ||
| Q1 25 | 13.7% | 79.8% | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 9.9% | 67.3% | ||
| Q2 24 | 9.2% | 50.1% | ||
| Q1 24 | 5.1% | 53.0% |
现金转化率TGLSVNET
| Q4 25 | 1.19× | — | ||
| Q3 25 | 0.85× | — | ||
| Q2 25 | 0.41× | — | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 1.30× | — | ||
| Q3 24 | 0.84× | — | ||
| Q2 24 | 0.98× | — | ||
| Q1 24 | 1.13× | — |
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
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
VNET
暂无分部数据
