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LendingTree, Inc.（TREE）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LendingTree, Inc.的1.1倍（$362.7M vs $327.3M），LendingTree, Inc.净利率更高（5.3% vs -10.7%，领先15.9%），过去两年LendingTree, Inc.的营收复合增速更高（24.8% vs 17.4%）
LendingTree, Inc.是1996年成立的在线借贷交易平台，总部位于北卡罗来纳州夏洛特。该平台对接潜在借款用户与多家贷款机构，可提供贷款、信用卡、存款账户、保险等多种金融产品服务，支持用户对比不同机构的利率与条款，还配套提供金融工具、贷款查询及借贷相关资讯服务。
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。
TREE vs VNET — 直观对比
营收规模更大
VNET
是对方的1.1倍
$327.3M
净利率更高
TREE
高出15.9%
-10.7%
两年增速更快
TREE
近两年复合增速
17.4%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $327.3M | $362.7M |
| 净利润 | $17.3M | $-38.7M |
| 毛利率 | 100.0% | 20.9% |
| 营业利润率 | 9.5% | 0.5% |
| 净利率 | 5.3% | -10.7% |
| 营收同比 | 2.4% | — |
| 净利润同比 | 239.5% | — |
| 每股收益（稀释后） | $1.22 | — |
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TREEVNET
| Q1 26 | $327.3M | — | ||
| Q4 25 | $319.7M | — | ||
| Q3 25 | $307.8M | $362.7M | ||
| Q2 25 | $250.1M | — | ||
| Q1 25 | $239.7M | $309.5M | ||
| Q4 24 | $261.5M | — | ||
| Q3 24 | $260.8M | $302.2M | ||
| Q2 24 | $210.1M | $274.4M |
净利润TREEVNET
| Q1 26 | $17.3M | — | ||
| Q4 25 | $144.7M | — | ||
| Q3 25 | $10.2M | $-38.7M | ||
| Q2 25 | $8.9M | — | ||
| Q1 25 | $-12.4M | $-2.4M | ||
| Q4 24 | $7.5M | — | ||
| Q3 24 | $-58.0M | $-2.1M | ||
| Q2 24 | $7.8M | $-1.1M |
毛利率TREEVNET
| Q1 26 | 100.0% | — | ||
| Q4 25 | 29.2% | — | ||
| Q3 25 | 30.7% | 20.9% | ||
| Q2 25 | 34.0% | — | ||
| Q1 25 | 32.9% | 25.2% | ||
| Q4 24 | 33.6% | — | ||
| Q3 24 | 30.2% | 23.2% | ||
| Q2 24 | 34.5% | 21.3% |
营业利润率TREEVNET
| Q1 26 | 9.5% | — | ||
| Q4 25 | 7.0% | — | ||
| Q3 25 | 9.3% | 0.5% | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | -3.0% | 0.1% | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 3.8% | 24.5% | ||
| Q2 24 | 4.6% | 0.2% |
净利率TREEVNET
| Q1 26 | 5.3% | — | ||
| Q4 25 | 45.2% | — | ||
| Q3 25 | 3.3% | -10.7% | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | -5.2% | -0.8% | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | -22.2% | -0.7% | ||
| Q2 24 | 3.7% | -0.4% |
每股收益（稀释后）TREEVNET
| Q1 26 | $1.22 | — | ||
| Q4 25 | $10.32 | — | ||
| Q3 25 | $0.73 | — | ||
| Q2 25 | $0.65 | — | ||
| Q1 25 | $-0.92 | — | ||
| Q4 24 | $0.54 | — | ||
| Q3 24 | $-4.34 | — | ||
| Q2 24 | $0.58 | — |
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 | $85.5M | $492.1M |
| 总债务越低越好 | $390.9M | — |
| 股东权益账面价值 | $304.7M | $890.8M |
| 总资产 | $863.9M | $6.1B |
| 负债/权益比越低杠杆越低 | 1.28× | — |
8季度趋势，按日历期对齐
现金及短期投资TREEVNET
| Q1 26 | $85.5M | — | ||
| Q4 25 | $81.1M | — | ||
| Q3 25 | $68.6M | $492.1M | ||
| Q2 25 | $149.1M | — | ||
| Q1 25 | $126.4M | $544.3M | ||
| Q4 24 | $106.6M | — | ||
| Q3 24 | $96.8M | $219.5M | ||
| Q2 24 | $66.8M | $247.2M |
总债务TREEVNET
| Q1 26 | $390.9M | — | ||
| Q4 25 | $387.7M | — | ||
| Q3 25 | $388.4M | — | ||
| Q2 25 | $385.1M | — | ||
| Q1 25 | $387.7M | — | ||
| Q4 24 | $344.1M | — | ||
| Q3 24 | $346.2M | $1.2B | ||
| Q2 24 | $467.7M | — |
股东权益TREEVNET
| Q1 26 | $304.7M | — | ||
| Q4 25 | $286.8M | — | ||
| Q3 25 | $132.4M | $890.8M | ||
| Q2 25 | $118.1M | — | ||
| Q1 25 | $103.7M | $927.8M | ||
| Q4 24 | $108.8M | — | ||
| Q3 24 | $94.3M | $902.9M | ||
| Q2 24 | $145.8M | $900.6M |
总资产TREEVNET
| Q1 26 | $863.9M | — | ||
| Q4 25 | $855.7M | — | ||
| Q3 25 | $759.9M | $6.1B | ||
| Q2 25 | $835.8M | — | ||
| Q1 25 | $777.1M | $5.4B | ||
| Q4 24 | $767.7M | — | ||
| Q3 24 | $787.2M | $4.3B | ||
| Q2 24 | $802.2M | $4.0B |
负债/权益比TREEVNET
| Q1 26 | 1.28× | — | ||
| Q4 25 | 1.35× | — | ||
| Q3 25 | 2.93× | — | ||
| Q2 25 | 3.26× | — | ||
| Q1 25 | 3.74× | — | ||
| Q4 24 | 3.16× | — | ||
| Q3 24 | 3.67× | 1.28× | ||
| Q2 24 | 3.21× | — |
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 | — | $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 | 0.8% | 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TREEVNET
| Q1 26 | — | — | ||
| Q4 25 | $73.1M | — | ||
| Q3 25 | $28.8M | $113.8M | ||
| Q2 25 | $28.0M | — | ||
| Q1 25 | $-210.0K | $27.0M | ||
| Q4 24 | $62.3M | — | ||
| Q3 24 | $45.3M | $108.3M | ||
| Q2 24 | $-4.9M | $55.8M |
自由现金流TREEVNET
| Q1 26 | — | — | ||
| Q4 25 | $60.7M | — | ||
| Q3 25 | $25.6M | $-193.1M | ||
| Q2 25 | $25.2M | — | ||
| Q1 25 | $-3.6M | $-220.0M | ||
| Q4 24 | $51.0M | — | ||
| Q3 24 | $42.3M | $-95.0M | ||
| Q2 24 | $-7.7M | $-81.6M |
自由现金流率TREEVNET
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | — | ||
| Q3 25 | 8.3% | -53.2% | ||
| Q2 25 | 10.1% | — | ||
| Q1 25 | -1.5% | -71.1% | ||
| Q4 24 | 19.5% | — | ||
| Q3 24 | 16.2% | -31.4% | ||
| Q2 24 | -3.7% | -29.8% |
资本支出强度TREEVNET
| Q1 26 | 0.8% | — | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 1.1% | 84.6% | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.4% | 79.8% | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 1.1% | 67.3% | ||
| Q2 24 | 1.3% | 50.1% |
现金转化率TREEVNET
| Q1 26 | — | — | ||
| Q4 25 | 0.51× | — | ||
| Q3 25 | 2.84× | — | ||
| Q2 25 | 3.15× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.29× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.64× | — |
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
TREE
| Insurance segment | $221.9M | 68% |
| Consumer segment | $66.3M | 20% |
| Home segment | $39.1M | 12% |
VNET
暂无分部数据
