vs
Titan Machinery Inc.（TITN）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
Titan Machinery Inc.的季度营收约是世纪互联的1.8倍（$644.5M vs $362.7M），Titan Machinery Inc.净利率更高（0.2% vs -10.7%，领先10.8%），过去两年世纪互联的营收复合增速更高（17.4% vs -13.0%）
泰坦机械是全球规模领先的农业与工程机械设备经销商，也是凯斯纽荷兰工业品牌最大的经销商之一，总部位于北达科他州西法戈，经营网点遍布美国中西部、澳大利亚、奥地利、保加利亚、德国、罗马尼亚及乌克兰，目前在纳斯达克挂牌上市，2023年总营收达22.09亿美元。
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。
TITN vs VNET — 直观对比
营收规模更大
TITN
是对方的1.8倍
$362.7M
净利率更高
TITN
高出10.8%
-10.7%
两年增速更快
VNET
近两年复合增速
-13.0%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $644.5M | $362.7M |
| 净利润 | $1.2M | $-38.7M |
| 毛利率 | 17.2% | 20.9% |
| 营业利润率 | 1.6% | 0.5% |
| 净利率 | 0.2% | -10.7% |
| 营收同比 | -5.2% | — |
| 净利润同比 | -30.1% | — |
| 每股收益（稀释后） | $0.05 | — |
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TITNVNET
| Q4 25 | $644.5M | — | ||
| Q3 25 | $546.4M | $362.7M | ||
| Q2 25 | $594.3M | — | ||
| Q1 25 | $759.9M | $309.5M | ||
| Q4 24 | $679.8M | — | ||
| Q3 24 | $633.7M | $302.2M | ||
| Q2 24 | $628.7M | $274.4M | ||
| Q1 24 | $852.1M | $262.9M |
净利润TITNVNET
| Q4 25 | $1.2M | — | ||
| Q3 25 | $-6.0M | $-38.7M | ||
| Q2 25 | $-13.2M | — | ||
| Q1 25 | $-43.8M | $-2.4M | ||
| Q4 24 | $1.7M | — | ||
| Q3 24 | $-4.3M | $-2.1M | ||
| Q2 24 | $9.4M | $-1.1M | ||
| Q1 24 | $24.0M | $-22.0M |
毛利率TITNVNET
| Q4 25 | 17.2% | — | ||
| Q3 25 | 17.1% | 20.9% | ||
| Q2 25 | 15.3% | — | ||
| Q1 25 | 6.7% | 25.2% | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | 17.7% | 23.2% | ||
| Q2 24 | 19.4% | 21.3% | ||
| Q1 24 | 16.6% | 21.6% |
营业利润率TITNVNET
| Q4 25 | 1.6% | — | ||
| Q3 25 | 0.1% | 0.5% | ||
| Q2 25 | -1.0% | — | ||
| Q1 25 | -6.0% | 0.1% | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 2.5% | 24.5% | ||
| Q2 24 | 3.6% | 0.2% | ||
| Q1 24 | 4.8% | 0.2% |
净利率TITNVNET
| Q4 25 | 0.2% | — | ||
| Q3 25 | -1.1% | -10.7% | ||
| Q2 25 | -2.2% | — | ||
| Q1 25 | -5.8% | -0.8% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | -0.7% | -0.7% | ||
| Q2 24 | 1.5% | -0.4% | ||
| Q1 24 | 2.8% | -8.4% |
每股收益（稀释后）TITNVNET
| Q4 25 | $0.05 | — | ||
| Q3 25 | $-0.26 | — | ||
| Q2 25 | $-0.58 | — | ||
| Q1 25 | $-1.92 | — | ||
| Q4 24 | $0.07 | — | ||
| Q3 24 | $-0.19 | — | ||
| Q2 24 | $0.41 | — | ||
| Q1 24 | $1.04 | — |
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 | — | $492.1M |
| 总债务越低越好 | $176.6M | — |
| 股东权益账面价值 | $612.6M | $890.8M |
| 总资产 | $1.8B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.29× | — |
8季度趋势，按日历期对齐
现金及短期投资TITNVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $219.5M | ||
| Q2 24 | — | $247.2M | ||
| Q1 24 | — | $246.9M |
总债务TITNVNET
| Q4 25 | $176.6M | — | ||
| Q3 25 | $164.5M | — | ||
| Q2 25 | $165.3M | — | ||
| Q1 25 | $168.7M | — | ||
| Q4 24 | $140.6M | — | ||
| Q3 24 | $126.6M | $1.2B | ||
| Q2 24 | $119.3M | — | ||
| Q1 24 | $120.1M | — |
股东权益TITNVNET
| Q4 25 | $612.6M | — | ||
| Q3 25 | $610.3M | $890.8M | ||
| Q2 25 | $605.4M | — | ||
| Q1 25 | $614.1M | $927.8M | ||
| Q4 24 | $668.2M | — | ||
| Q3 24 | $659.6M | $902.9M | ||
| Q2 24 | $662.6M | $900.6M | ||
| Q1 24 | $657.6M | $895.1M |
总资产TITNVNET
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | $6.1B | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | $5.4B | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.2B | $4.3B | ||
| Q2 24 | $2.1B | $4.0B | ||
| Q1 24 | $2.0B | $3.9B |
负债/权益比TITNVNET
| Q4 25 | 0.29× | — | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.19× | 1.28× | ||
| Q2 24 | 0.18× | — | ||
| Q1 24 | 0.18× | — |
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 | $34.0M | $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 | 28.37× | — |
| 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TITNVNET
| Q4 25 | $34.0M | — | ||
| Q3 25 | $43.7M | $113.8M | ||
| Q2 25 | $6.2M | — | ||
| Q1 25 | $126.5M | $27.0M | ||
| Q4 24 | $-8.8M | — | ||
| Q3 24 | $-15.0M | $108.3M | ||
| Q2 24 | $-32.4M | $55.8M | ||
| Q1 24 | $49.8M | $37.1M |
自由现金流TITNVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-95.0M | ||
| Q2 24 | — | $-81.6M | ||
| Q1 24 | — | $-102.2M |
自由现金流率TITNVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -31.4% | ||
| Q2 24 | — | -29.8% | ||
| Q1 24 | — | -38.9% |
资本支出强度TITNVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 79.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 67.3% | ||
| Q2 24 | — | 50.1% | ||
| Q1 24 | — | 53.0% |
现金转化率TITNVNET
| Q4 25 | 28.37× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -5.15× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -3.43× | — | ||
| Q1 24 | 2.08× | — |
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
TITN
| Agriculture Segment | $420.9M | 65% |
| Sales Of Parts | $122.3M | 19% |
| Service Sales | $48.9M | 8% |
| Australia_segment | $29.9M | 5% |
| Rental And Other | $13.3M | 2% |
| Rental | $10.3M | 2% |
| Other Revenue | $1.1M | 0% |
VNET
暂无分部数据
