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TRINITY INDUSTRIES INC（TRN）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
TRINITY INDUSTRIES INC的季度营收约是世纪互联的1.7倍（$611.2M vs $362.7M），TRINITY INDUSTRIES INC净利率更高（31.8% vs -10.7%，领先42.4%），TRINITY INDUSTRIES INC自由现金流更多（$158.6M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs -13.1%）
特里尼蒂工业公司是一家美国工业企业，旗下布局多元业务线，为工业、能源、交通、建筑等核心领域提供适配的产品及相关服务，在多个下游行业拥有稳定的客户基础与业务覆盖。
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。
TRN vs VNET — 直观对比
营收规模更大
TRN
是对方的1.7倍
$362.7M
净利率更高
TRN
高出42.4%
-10.7%
自由现金流更多
TRN
多$351.7M
$-193.1M
两年增速更快
VNET
近两年复合增速
-13.1%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $611.2M | $362.7M |
| 净利润 | $194.2M | $-38.7M |
| 毛利率 | 25.5% | 20.9% |
| 营业利润率 | 54.9% | 0.5% |
| 净利率 | 31.8% | -10.7% |
| 营收同比 | -2.9% | — |
| 净利润同比 | 413.8% | — |
| 每股收益（稀释后） | $2.25 | — |
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TRNVNET
| Q4 25 | $611.2M | — | ||
| Q3 25 | $454.1M | $362.7M | ||
| Q2 25 | $506.2M | — | ||
| Q1 25 | $585.4M | $309.5M | ||
| Q4 24 | $629.4M | — | ||
| Q3 24 | $798.8M | $302.2M | ||
| Q2 24 | $841.4M | $274.4M | ||
| Q1 24 | $809.6M | $262.9M |
净利润TRNVNET
| Q4 25 | $194.2M | — | ||
| Q3 25 | $30.3M | $-38.7M | ||
| Q2 25 | $14.1M | — | ||
| Q1 25 | $22.1M | $-2.4M | ||
| Q4 24 | $37.8M | — | ||
| Q3 24 | $31.4M | $-2.1M | ||
| Q2 24 | $54.4M | $-1.1M | ||
| Q1 24 | $23.7M | $-22.0M |
毛利率TRNVNET
| Q4 25 | 25.5% | — | ||
| Q3 25 | 31.1% | 20.9% | ||
| Q2 25 | 26.4% | — | ||
| Q1 25 | 24.3% | 25.2% | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 21.2% | 23.2% | ||
| Q2 24 | 21.3% | 21.3% | ||
| Q1 24 | 20.3% | 21.6% |
营业利润率TRNVNET
| Q4 25 | 54.9% | — | ||
| Q3 25 | 26.1% | 0.5% | ||
| Q2 25 | 18.8% | — | ||
| Q1 25 | 17.0% | 0.1% | ||
| Q4 24 | 17.8% | — | ||
| Q3 24 | 15.3% | 24.5% | ||
| Q2 24 | 16.9% | 0.2% | ||
| Q1 24 | 14.2% | 0.2% |
净利率TRNVNET
| Q4 25 | 31.8% | — | ||
| Q3 25 | 6.7% | -10.7% | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 3.8% | -0.8% | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | 3.9% | -0.7% | ||
| Q2 24 | 6.5% | -0.4% | ||
| Q1 24 | 2.9% | -8.4% |
每股收益（稀释后）TRNVNET
| Q4 25 | $2.25 | — | ||
| Q3 25 | $0.37 | — | ||
| Q2 25 | $0.17 | — | ||
| Q1 25 | $0.26 | — | ||
| Q4 24 | $0.34 | — | ||
| Q3 24 | $0.37 | — | ||
| Q2 24 | $0.65 | — | ||
| Q1 24 | $0.28 | — |
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 | $201.3M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $890.8M |
| 总资产 | $8.4B | $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TRNVNET
| Q4 25 | $201.3M | — | ||
| Q3 25 | $66.3M | $492.1M | ||
| Q2 25 | $147.7M | — | ||
| Q1 25 | $94.9M | $544.3M | ||
| Q4 24 | $228.2M | — | ||
| Q3 24 | $222.4M | $219.5M | ||
| Q2 24 | $257.1M | $247.2M | ||
| Q1 24 | $118.8M | $246.9M |
总债务TRNVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益TRNVNET
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | $890.8M | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.1B | $927.8M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $902.9M | ||
| Q2 24 | $1.1B | $900.6M | ||
| Q1 24 | $1.0B | $895.1M |
总资产TRNVNET
| Q4 25 | $8.4B | — | ||
| Q3 25 | $8.9B | $6.1B | ||
| Q2 25 | $8.8B | — | ||
| Q1 25 | $8.7B | $5.4B | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | $8.8B | $4.3B | ||
| Q2 24 | $9.0B | $4.0B | ||
| Q1 24 | $9.1B | $3.9B |
负债/权益比TRNVNET
| 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 | $177.4M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $158.6M | $-193.1M |
| 自由现金流率自由现金流/营收 | 25.9% | -53.2% |
| 资本支出强度资本支出/营收 | 3.1% | 84.6% |
| 现金转化率经营现金流/净利润 | 0.91× | — |
| 过去12个月自由现金流最近4个季度 | $314.1M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流TRNVNET
| Q4 25 | $177.4M | — | ||
| Q3 25 | $44.2M | $113.8M | ||
| Q2 25 | $61.6M | — | ||
| Q1 25 | $76.5M | $27.0M | ||
| Q4 24 | $201.6M | — | ||
| Q3 24 | $78.5M | $108.3M | ||
| Q2 24 | $241.5M | $55.8M | ||
| Q1 24 | $52.2M | $37.1M |
自由现金流TRNVNET
| Q4 25 | $158.6M | — | ||
| Q3 25 | $35.3M | $-193.1M | ||
| Q2 25 | $52.9M | — | ||
| Q1 25 | $67.3M | $-220.0M | ||
| Q4 24 | $180.1M | — | ||
| Q3 24 | $62.1M | $-95.0M | ||
| Q2 24 | $230.2M | $-81.6M | ||
| Q1 24 | $47.6M | $-102.2M |
自由现金流率TRNVNET
| Q4 25 | 25.9% | — | ||
| Q3 25 | 7.8% | -53.2% | ||
| Q2 25 | 10.5% | — | ||
| Q1 25 | 11.5% | -71.1% | ||
| Q4 24 | 28.6% | — | ||
| Q3 24 | 7.8% | -31.4% | ||
| Q2 24 | 27.4% | -29.8% | ||
| Q1 24 | 5.9% | -38.9% |
资本支出强度TRNVNET
| Q4 25 | 3.1% | — | ||
| Q3 25 | 2.0% | 84.6% | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 1.6% | 79.8% | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 2.1% | 67.3% | ||
| Q2 24 | 1.3% | 50.1% | ||
| Q1 24 | 0.6% | 53.0% |
现金转化率TRNVNET
| Q4 25 | 0.91× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 4.37× | — | ||
| Q1 25 | 3.46× | — | ||
| Q4 24 | 5.33× | — | ||
| Q3 24 | 2.50× | — | ||
| Q2 24 | 4.44× | — | ||
| Q1 24 | 2.20× | — |
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
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
VNET
暂无分部数据
