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TRUSTMARK CORP（TRMK）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TRUSTMARK CORP的1.8倍（$362.7M vs $204.1M），TRUSTMARK CORP净利率更高（28.4% vs -10.7%，领先39.0%），TRUSTMARK CORP自由现金流更多（$232.0M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 8.9%）
Trustmark是一家保险企业，据《克莱恩芝加哥商业杂志》统计，在2018年芝加哥最大私营企业榜单中位列第69位。
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。
TRMK vs VNET — 直观对比
营收规模更大
VNET
是对方的1.8倍
$204.1M
净利率更高
TRMK
高出39.0%
-10.7%
自由现金流更多
TRMK
多$425.0M
$-193.1M
两年增速更快
VNET
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $204.1M | $362.7M |
| 净利润 | $57.9M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 34.7% | 0.5% |
| 净利率 | 28.4% | -10.7% |
| 营收同比 | 4.5% | — |
| 净利润同比 | 2.8% | — |
| 每股收益（稀释后） | $0.96 | — |
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TRMKVNET
| Q4 25 | $204.1M | — | ||
| Q3 25 | $202.4M | $362.7M | ||
| Q2 25 | $198.6M | — | ||
| Q1 25 | $194.6M | $309.5M | ||
| Q4 24 | $155.8M | — | ||
| Q3 24 | $192.3M | $302.2M | ||
| Q2 24 | $141.0M | $274.4M | ||
| Q1 24 | $172.2M | $262.9M |
净利润TRMKVNET
| Q4 25 | $57.9M | — | ||
| Q3 25 | $56.8M | $-38.7M | ||
| Q2 25 | $55.8M | — | ||
| Q1 25 | $53.6M | $-2.4M | ||
| Q4 24 | $56.3M | — | ||
| Q3 24 | $51.3M | $-2.1M | ||
| Q2 24 | $73.8M | $-1.1M | ||
| Q1 24 | $41.5M | $-22.0M |
毛利率TRMKVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率TRMKVNET
| Q4 25 | 34.7% | — | ||
| Q3 25 | 34.5% | 0.5% | ||
| Q2 25 | 34.7% | — | ||
| Q1 25 | 33.6% | 0.1% | ||
| Q4 24 | 41.6% | — | ||
| Q3 24 | 32.5% | 24.5% | ||
| Q2 24 | -98.1% | 0.2% | ||
| Q1 24 | 26.1% | 0.2% |
净利率TRMKVNET
| Q4 25 | 28.4% | — | ||
| Q3 25 | 28.1% | -10.7% | ||
| Q2 25 | 28.1% | — | ||
| Q1 25 | 27.6% | -0.8% | ||
| Q4 24 | 36.1% | — | ||
| Q3 24 | 26.7% | -0.7% | ||
| Q2 24 | 52.4% | -0.4% | ||
| Q1 24 | 24.1% | -8.4% |
每股收益（稀释后）TRMKVNET
| Q4 25 | $0.96 | — | ||
| Q3 25 | $0.94 | — | ||
| Q2 25 | $0.92 | — | ||
| Q1 25 | $0.88 | — | ||
| Q4 24 | $0.91 | — | ||
| Q3 24 | $0.84 | — | ||
| Q2 24 | $1.20 | — | ||
| Q1 24 | $0.68 | — |
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 | — | — |
| 股东权益账面价值 | $2.1B | $890.8M |
| 总资产 | $18.9B | $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TRMKVNET
| 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TRMKVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益TRMKVNET
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $890.8M | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | $927.8M | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | $902.9M | ||
| Q2 24 | $1.9B | $900.6M | ||
| Q1 24 | $1.7B | $895.1M |
总资产TRMKVNET
| Q4 25 | $18.9B | — | ||
| Q3 25 | $18.8B | $6.1B | ||
| Q2 25 | $18.6B | — | ||
| Q1 25 | $18.3B | $5.4B | ||
| Q4 24 | $18.2B | — | ||
| Q3 24 | $18.5B | $4.3B | ||
| Q2 24 | $18.5B | $4.0B | ||
| Q1 24 | $18.4B | $3.9B |
负债/权益比TRMKVNET
| 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 | $243.9M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $232.0M | $-193.1M |
| 自由现金流率自由现金流/营收 | 113.6% | -53.2% |
| 资本支出强度资本支出/营收 | 5.9% | 84.6% |
| 现金转化率经营现金流/净利润 | 4.21× | — |
| 过去12个月自由现金流最近4个季度 | $409.8M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流TRMKVNET
| Q4 25 | $243.9M | — | ||
| Q3 25 | $66.2M | $113.8M | ||
| Q2 25 | $37.6M | — | ||
| Q1 25 | $82.4M | $27.0M | ||
| Q4 24 | $116.9M | — | ||
| Q3 24 | $59.5M | $108.3M | ||
| Q2 24 | $16.7M | $55.8M | ||
| Q1 24 | $-58.5M | $37.1M |
自由现金流TRMKVNET
| Q4 25 | $232.0M | — | ||
| Q3 25 | $62.7M | $-193.1M | ||
| Q2 25 | $34.5M | — | ||
| Q1 25 | $80.6M | $-220.0M | ||
| Q4 24 | $93.4M | — | ||
| Q3 24 | $51.2M | $-95.0M | ||
| Q2 24 | $10.5M | $-81.6M | ||
| Q1 24 | $-63.6M | $-102.2M |
自由现金流率TRMKVNET
| Q4 25 | 113.6% | — | ||
| Q3 25 | 31.0% | -53.2% | ||
| Q2 25 | 17.4% | — | ||
| Q1 25 | 41.4% | -71.1% | ||
| Q4 24 | 60.0% | — | ||
| Q3 24 | 26.7% | -31.4% | ||
| Q2 24 | 7.4% | -29.8% | ||
| Q1 24 | -36.9% | -38.9% |
资本支出强度TRMKVNET
| Q4 25 | 5.9% | — | ||
| Q3 25 | 1.8% | 84.6% | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 0.9% | 79.8% | ||
| Q4 24 | 15.1% | — | ||
| Q3 24 | 4.3% | 67.3% | ||
| Q2 24 | 4.4% | 50.1% | ||
| Q1 24 | 2.9% | 53.0% |
现金转化率TRMKVNET
| Q4 25 | 4.21× | — | ||
| Q3 25 | 1.17× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 1.54× | — | ||
| Q4 24 | 2.08× | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 0.23× | — | ||
| Q1 24 | -1.41× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
