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Tilray Brands, Inc.（TLRY）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Tilray Brands, Inc.的1.7倍（$362.7M vs $217.5M），世纪互联净利率更高（-10.7% vs -20.7%，领先10.0%），过去两年世纪互联的营收复合增速更高（17.4% vs 7.5%）
Tilray Brands, Inc.是一家美国企业，主营医药、大麻生活方式产品以及包装消费品业务，公司注册于美国，总部坐落于纽约。该公司在加拿大、澳大利亚、新西兰、拉美地区均开展业务，同时在德国和葡萄牙拥有大麻种植基地。
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。
TLRY vs VNET — 直观对比
营收规模更大
VNET
是对方的1.7倍
$217.5M
净利率更高
VNET
高出10.0%
-20.7%
两年增速更快
VNET
近两年复合增速
7.5%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $217.5M | $362.7M |
| 净利润 | $-44.9M | $-38.7M |
| 毛利率 | 26.4% | 20.9% |
| 营业利润率 | -10.2% | 0.5% |
| 净利率 | -20.7% | -10.7% |
| 营收同比 | 3.1% | — |
| 净利润同比 | 47.4% | — |
| 每股收益（稀释后） | $-0.41 | — |
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TLRYVNET
| Q4 25 | $217.5M | — | ||
| Q3 25 | $209.5M | $362.7M | ||
| Q2 25 | $224.5M | — | ||
| Q1 25 | $185.8M | $309.5M | ||
| Q4 24 | $210.9M | — | ||
| Q3 24 | $200.0M | $302.2M | ||
| Q2 24 | $229.9M | $274.4M | ||
| Q1 24 | $188.3M | $262.9M |
净利润TLRYVNET
| Q4 25 | $-44.9M | — | ||
| Q3 25 | $-322.0K | $-38.7M | ||
| Q2 25 | $-1.3B | — | ||
| Q1 25 | $-789.4M | $-2.4M | ||
| Q4 24 | $-85.3M | — | ||
| Q3 24 | $-39.2M | $-2.1M | ||
| Q2 24 | $-31.7M | $-1.1M | ||
| Q1 24 | $-92.7M | $-22.0M |
毛利率TLRYVNET
| Q4 25 | 26.4% | — | ||
| Q3 25 | 27.4% | 20.9% | ||
| Q2 25 | 30.1% | — | ||
| Q1 25 | 28.0% | 25.2% | ||
| Q4 24 | 29.0% | — | ||
| Q3 24 | 29.8% | 23.2% | ||
| Q2 24 | 35.8% | 21.3% | ||
| Q1 24 | 26.2% | 21.6% |
营业利润率TLRYVNET
| Q4 25 | -10.2% | — | ||
| Q3 25 | 1.0% | 0.5% | ||
| Q2 25 | -643.1% | — | ||
| Q1 25 | -409.0% | 0.1% | ||
| Q4 24 | -20.0% | — | ||
| Q3 24 | -18.3% | 24.5% | ||
| Q2 24 | -7.2% | 0.2% | ||
| Q1 24 | -43.6% | 0.2% |
净利率TLRYVNET
| Q4 25 | -20.7% | — | ||
| Q3 25 | -0.2% | -10.7% | ||
| Q2 25 | -566.9% | — | ||
| Q1 25 | -424.9% | -0.8% | ||
| Q4 24 | -40.5% | — | ||
| Q3 24 | -19.6% | -0.7% | ||
| Q2 24 | -13.8% | -0.4% | ||
| Q1 24 | -49.2% | -8.4% |
每股收益（稀释后）TLRYVNET
| Q4 25 | $-0.41 | — | ||
| Q3 25 | $0.00 | — | ||
| Q2 25 | $7.26 | — | ||
| Q1 25 | $-8.69 | — | ||
| Q4 24 | $-0.99 | — | ||
| Q3 24 | $-0.04 | — | ||
| Q2 24 | $-0.04 | — | ||
| Q1 24 | $-0.12 | — |
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 | $291.6M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $890.8M |
| 总资产 | $2.1B | $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TLRYVNET
| Q4 25 | $291.6M | — | ||
| Q3 25 | $264.8M | $492.1M | ||
| Q2 25 | $256.4M | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | $252.2M | — | ||
| Q3 24 | $280.1M | $219.5M | ||
| Q2 24 | $260.5M | $247.2M | ||
| Q1 24 | $225.9M | $246.9M |
总债务TLRYVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益TLRYVNET
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.5B | $890.8M | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $2.7B | $927.8M | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.5B | $902.9M | ||
| Q2 24 | $3.4B | $900.6M | ||
| Q1 24 | $3.4B | $895.1M |
总资产TLRYVNET
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $6.1B | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.3B | $4.3B | ||
| Q2 24 | $4.2B | $4.0B | ||
| Q1 24 | $4.2B | $3.9B |
负债/权益比TLRYVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 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 | $-8.5M | $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TLRYVNET
| Q4 25 | $-8.5M | — | ||
| Q3 25 | $-1.3M | $113.8M | ||
| Q2 25 | $-12.8M | — | ||
| Q1 25 | $-5.8M | $27.0M | ||
| Q4 24 | $-40.7M | — | ||
| Q3 24 | $-35.3M | $108.3M | ||
| Q2 24 | $30.7M | $55.8M | ||
| Q1 24 | $-15.4M | $37.1M |
自由现金流TLRYVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $-193.1M | ||
| Q2 25 | $-19.1M | — | ||
| Q1 25 | $-20.2M | $-220.0M | ||
| Q4 24 | $-46.2M | — | ||
| Q3 24 | $-42.0M | $-95.0M | ||
| Q2 24 | $21.0M | $-81.6M | ||
| Q1 24 | $-24.9M | $-102.2M |
自由现金流率TLRYVNET
| Q4 25 | — | — | ||
| Q3 25 | — | -53.2% | ||
| Q2 25 | -8.5% | — | ||
| Q1 25 | -10.9% | -71.1% | ||
| Q4 24 | -21.9% | — | ||
| Q3 24 | -21.0% | -31.4% | ||
| Q2 24 | 9.1% | -29.8% | ||
| Q1 24 | -13.2% | -38.9% |
资本支出强度TLRYVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 7.8% | 79.8% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 3.4% | 67.3% | ||
| Q2 24 | 4.2% | 50.1% | ||
| Q1 24 | 5.1% | 53.0% |
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
TLRY
| Adultuse Cannabis Products | $62.4M | 29% |
| Other | $59.2M | 27% |
| Beverage Alcohol Business | $53.6M | 25% |
| International Cannabis Products | $20.2M | 9% |
| Wellness Business | $14.6M | 7% |
| Medical Cannabis Products | $6.2M | 3% |
| Wholesale Cannabis Products | $1.3M | 1% |
VNET
暂无分部数据
