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UNITED BANKSHARES INC（UBSI）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UNITED BANKSHARES INC的1.1倍（$362.7M vs $318.4M），UNITED BANKSHARES INC净利率更高（40.5% vs -10.7%，领先51.1%），UNITED BANKSHARES INC自由现金流更多（$481.2M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 11.8%）
United Bankshares Inc（WV）是总部位于美国西弗吉尼亚州的区域性金融控股集团，主要面向大西洋中部及东南部市场运营，为个人、小微企业及企业客户提供存贷款、财富管理、住房按揭等多元化金融服务。
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。
UBSI vs VNET — 直观对比
营收规模更大
VNET
是对方的1.1倍
$318.4M
净利率更高
UBSI
高出51.1%
-10.7%
自由现金流更多
UBSI
多$674.3M
$-193.1M
两年增速更快
VNET
近两年复合增速
11.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $318.4M | $362.7M |
| 净利润 | $128.8M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 50.2% | 0.5% |
| 净利率 | 40.5% | -10.7% |
| 营收同比 | 21.6% | — |
| 净利润同比 | 36.5% | — |
| 每股收益（稀释后） | $0.91 | — |
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UBSIVNET
| Q4 25 | $318.4M | — | ||
| Q3 25 | $323.3M | $362.7M | ||
| Q2 25 | $306.0M | — | ||
| Q1 25 | $289.6M | $309.5M | ||
| Q4 24 | $261.9M | — | ||
| Q3 24 | $262.2M | $302.2M | ||
| Q2 24 | $255.9M | $274.4M | ||
| Q1 24 | $254.7M | $262.9M |
净利润UBSIVNET
| Q4 25 | $128.8M | — | ||
| Q3 25 | $130.7M | $-38.7M | ||
| Q2 25 | $120.7M | — | ||
| Q1 25 | $84.3M | $-2.4M | ||
| Q4 24 | $94.4M | — | ||
| Q3 24 | $95.3M | $-2.1M | ||
| Q2 24 | $96.5M | $-1.1M | ||
| Q1 24 | $86.8M | $-22.0M |
毛利率UBSIVNET
| 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UBSIVNET
| Q4 25 | 50.2% | — | ||
| Q3 25 | 50.9% | 0.5% | ||
| Q2 25 | 49.7% | — | ||
| Q1 25 | 36.9% | 0.1% | ||
| Q4 24 | 46.2% | — | ||
| Q3 24 | 45.7% | 24.5% | ||
| Q2 24 | 45.1% | 0.2% | ||
| Q1 24 | 42.5% | 0.2% |
净利率UBSIVNET
| Q4 25 | 40.5% | — | ||
| Q3 25 | 40.4% | -10.7% | ||
| Q2 25 | 39.5% | — | ||
| Q1 25 | 29.1% | -0.8% | ||
| Q4 24 | 36.0% | — | ||
| Q3 24 | 36.3% | -0.7% | ||
| Q2 24 | 37.7% | -0.4% | ||
| Q1 24 | 34.1% | -8.4% |
每股收益（稀释后）UBSIVNET
| Q4 25 | $0.91 | — | ||
| Q3 25 | $0.92 | — | ||
| Q2 25 | $0.85 | — | ||
| Q1 25 | $0.59 | — | ||
| Q4 24 | $0.70 | — | ||
| Q3 24 | $0.70 | — | ||
| Q2 24 | $0.71 | — | ||
| Q1 24 | $0.64 | — |
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 | $531.8M | — |
| 股东权益账面价值 | $5.5B | $890.8M |
| 总资产 | $33.7B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.10× | — |
8季度趋势，按日历期对齐
现金及短期投资UBSIVNET
| 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UBSIVNET
| Q4 25 | $531.8M | — | ||
| Q3 25 | $250.0M | — | ||
| Q2 25 | $250.0M | — | ||
| Q1 25 | $250.0M | — | ||
| Q4 24 | $540.4M | — | ||
| Q3 24 | $260.3M | $1.2B | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.5B | — |
股东权益UBSIVNET
| Q4 25 | $5.5B | — | ||
| Q3 25 | $5.4B | $890.8M | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.3B | $927.8M | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.0B | $902.9M | ||
| Q2 24 | $4.9B | $900.6M | ||
| Q1 24 | $4.8B | $895.1M |
总资产UBSIVNET
| Q4 25 | $33.7B | — | ||
| Q3 25 | $33.4B | $6.1B | ||
| Q2 25 | $32.8B | — | ||
| Q1 25 | $32.8B | $5.4B | ||
| Q4 24 | $30.0B | — | ||
| Q3 24 | $29.9B | $4.3B | ||
| Q2 24 | $30.0B | $4.0B | ||
| Q1 24 | $30.0B | $3.9B |
负债/权益比UBSIVNET
| Q4 25 | 0.10× | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.05× | — | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | 0.11× | — | ||
| Q3 24 | 0.05× | 1.28× | ||
| Q2 24 | 0.25× | — | ||
| Q1 24 | 0.30× | — |
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 | $498.9M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $481.2M | $-193.1M |
| 自由现金流率自由现金流/营收 | 151.1% | -53.2% |
| 资本支出强度资本支出/营收 | 5.6% | 84.6% |
| 现金转化率经营现金流/净利润 | 3.87× | — |
| 过去12个月自由现金流最近4个季度 | $828.9M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流UBSIVNET
| Q4 25 | $498.9M | — | ||
| Q3 25 | $150.6M | $113.8M | ||
| Q2 25 | $89.4M | — | ||
| Q1 25 | $120.0M | $27.0M | ||
| Q4 24 | $445.5M | — | ||
| Q3 24 | $123.6M | $108.3M | ||
| Q2 24 | $61.2M | $55.8M | ||
| Q1 24 | $124.4M | $37.1M |
自由现金流UBSIVNET
| Q4 25 | $481.2M | — | ||
| Q3 25 | $146.4M | $-193.1M | ||
| Q2 25 | $85.2M | — | ||
| Q1 25 | $116.1M | $-220.0M | ||
| Q4 24 | $433.3M | — | ||
| Q3 24 | $122.0M | $-95.0M | ||
| Q2 24 | $58.2M | $-81.6M | ||
| Q1 24 | $119.6M | $-102.2M |
自由现金流率UBSIVNET
| Q4 25 | 151.1% | — | ||
| Q3 25 | 45.3% | -53.2% | ||
| Q2 25 | 27.8% | — | ||
| Q1 25 | 40.1% | -71.1% | ||
| Q4 24 | 165.4% | — | ||
| Q3 24 | 46.5% | -31.4% | ||
| Q2 24 | 22.7% | -29.8% | ||
| Q1 24 | 47.0% | -38.9% |
资本支出强度UBSIVNET
| Q4 25 | 5.6% | — | ||
| Q3 25 | 1.3% | 84.6% | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.3% | 79.8% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 0.6% | 67.3% | ||
| Q2 24 | 1.2% | 50.1% | ||
| Q1 24 | 1.9% | 53.0% |
现金转化率UBSIVNET
| Q4 25 | 3.87× | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 0.74× | — | ||
| Q1 25 | 1.42× | — | ||
| Q4 24 | 4.72× | — | ||
| Q3 24 | 1.30× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 1.43× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
