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TENNANT CO（TNC）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TENNANT CO的1.2倍（$362.7M vs $291.6M），TENNANT CO净利率更高（-1.5% vs -10.7%，领先9.2%），TENNANT CO自由现金流更多（$9.7M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -3.2%）
天纳公司（Tennant Company）是一家清洁产品供应商，拥有约4000名员工，其股票在纽约证券交易所挂牌上市，专注为各类商业及工业场景提供专业清洁相关产品与解决方案。
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。
TNC vs VNET — 直观对比
营收规模更大
VNET
是对方的1.2倍
$291.6M
净利率更高
TNC
高出9.2%
-10.7%
自由现金流更多
TNC
多$202.8M
$-193.1M
两年增速更快
VNET
近两年复合增速
-3.2%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.6M | $362.7M |
| 净利润 | $-4.4M | $-38.7M |
| 毛利率 | 34.6% | 20.9% |
| 营业利润率 | -1.4% | 0.5% |
| 净利率 | -1.5% | -10.7% |
| 营收同比 | -11.3% | — |
| 净利润同比 | -166.7% | — |
| 每股收益（稀释后） | $-0.21 | — |
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TNCVNET
| Q4 25 | $291.6M | — | ||
| Q3 25 | $303.3M | $362.7M | ||
| Q2 25 | $318.6M | — | ||
| Q1 25 | $290.0M | $309.5M | ||
| Q4 24 | $328.9M | — | ||
| Q3 24 | $315.8M | $302.2M | ||
| Q2 24 | $331.0M | $274.4M | ||
| Q1 24 | $311.0M | $262.9M |
净利润TNCVNET
| Q4 25 | $-4.4M | — | ||
| Q3 25 | $14.9M | $-38.7M | ||
| Q2 25 | $20.2M | — | ||
| Q1 25 | $13.1M | $-2.4M | ||
| Q4 24 | $6.6M | — | ||
| Q3 24 | $20.8M | $-2.1M | ||
| Q2 24 | $27.9M | $-1.1M | ||
| Q1 24 | $28.4M | $-22.0M |
毛利率TNCVNET
| Q4 25 | 34.6% | — | ||
| Q3 25 | 42.7% | 20.9% | ||
| Q2 25 | 42.1% | — | ||
| Q1 25 | 41.4% | 25.2% | ||
| Q4 24 | 41.3% | — | ||
| Q3 24 | 42.4% | 23.2% | ||
| Q2 24 | 43.1% | 21.3% | ||
| Q1 24 | 44.2% | 21.6% |
营业利润率TNCVNET
| Q4 25 | -1.4% | — | ||
| Q3 25 | 7.4% | 0.5% | ||
| Q2 25 | 9.6% | — | ||
| Q1 25 | 6.8% | 0.1% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 9.7% | 24.5% | ||
| Q2 24 | 11.7% | 0.2% | ||
| Q1 24 | 12.1% | 0.2% |
净利率TNCVNET
| Q4 25 | -1.5% | — | ||
| Q3 25 | 4.9% | -10.7% | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | 4.5% | -0.8% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 6.6% | -0.7% | ||
| Q2 24 | 8.4% | -0.4% | ||
| Q1 24 | 9.1% | -8.4% |
每股收益（稀释后）TNCVNET
| Q4 25 | $-0.21 | — | ||
| Q3 25 | $0.80 | — | ||
| Q2 25 | $1.08 | — | ||
| Q1 25 | $0.69 | — | ||
| Q4 24 | $0.35 | — | ||
| Q3 24 | $1.09 | — | ||
| Q2 24 | $1.45 | — | ||
| Q1 24 | $1.49 | — |
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 | $273.2M | — |
| 股东权益账面价值 | $601.6M | $890.8M |
| 总资产 | $1.3B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资TNCVNET
| 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TNCVNET
| Q4 25 | $273.2M | — | ||
| Q3 25 | $238.3M | — | ||
| Q2 25 | $213.4M | — | ||
| Q1 25 | $213.3M | — | ||
| Q4 24 | $198.2M | — | ||
| Q3 24 | $208.6M | $1.2B | ||
| Q2 24 | $205.6M | — | ||
| Q1 24 | $207.4M | — |
股东权益TNCVNET
| Q4 25 | $601.6M | — | ||
| Q3 25 | $640.9M | $890.8M | ||
| Q2 25 | $651.9M | — | ||
| Q1 25 | $624.4M | $927.8M | ||
| Q4 24 | $620.8M | — | ||
| Q3 24 | $647.2M | $902.9M | ||
| Q2 24 | $624.6M | $900.6M | ||
| Q1 24 | $614.6M | $895.1M |
总资产TNCVNET
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $6.1B | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | $5.4B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | $4.3B | ||
| Q2 24 | $1.2B | $4.0B | ||
| Q1 24 | $1.2B | $3.9B |
负债/权益比TNCVNET
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.32× | 1.28× | ||
| Q2 24 | 0.33× | — | ||
| Q1 24 | 0.34× | — |
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 | $14.2M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $9.7M | $-193.1M |
| 自由现金流率自由现金流/营收 | 3.3% | -53.2% |
| 资本支出强度资本支出/营收 | 1.5% | 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 | $43.3M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流TNCVNET
| Q4 25 | $14.2M | — | ||
| Q3 25 | $28.7M | $113.8M | ||
| Q2 25 | $22.5M | — | ||
| Q1 25 | $-400.0K | $27.0M | ||
| Q4 24 | $37.5M | — | ||
| Q3 24 | $30.7M | $108.3M | ||
| Q2 24 | $18.6M | $55.8M | ||
| Q1 24 | $2.9M | $37.1M |
自由现金流TNCVNET
| Q4 25 | $9.7M | — | ||
| Q3 25 | $22.3M | $-193.1M | ||
| Q2 25 | $18.7M | — | ||
| Q1 25 | $-7.4M | $-220.0M | ||
| Q4 24 | $28.1M | — | ||
| Q3 24 | $26.4M | $-95.0M | ||
| Q2 24 | $14.4M | $-81.6M | ||
| Q1 24 | $-100.0K | $-102.2M |
自由现金流率TNCVNET
| Q4 25 | 3.3% | — | ||
| Q3 25 | 7.4% | -53.2% | ||
| Q2 25 | 5.9% | — | ||
| Q1 25 | -2.6% | -71.1% | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | 8.4% | -31.4% | ||
| Q2 24 | 4.4% | -29.8% | ||
| Q1 24 | -0.0% | -38.9% |
资本支出强度TNCVNET
| Q4 25 | 1.5% | — | ||
| Q3 25 | 2.1% | 84.6% | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 2.4% | 79.8% | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 1.4% | 67.3% | ||
| Q2 24 | 1.3% | 50.1% | ||
| Q1 24 | 1.0% | 53.0% |
现金转化率TNCVNET
| Q4 25 | — | — | ||
| Q3 25 | 1.93× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | -0.03× | — | ||
| Q4 24 | 5.68× | — | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 0.67× | — | ||
| Q1 24 | 0.10× | — |
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
TNC
| Equipment Sales | $165.5M | 57% |
| Parts And Consumables | $69.1M | 24% |
| Service And Other | $57.0M | 20% |
VNET
暂无分部数据
