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世纪互联（VNET）与WORTHINGTON ENTERPRISES, INC.（WOR）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WORTHINGTON ENTERPRISES, INC.的1.1倍（$362.7M vs $327.5M），WORTHINGTON ENTERPRISES, INC.净利率更高（8.3% vs -10.7%，领先19.0%），WORTHINGTON ENTERPRISES, INC.自由现金流更多（$39.1M vs $-193.1M）
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。
沃辛顿实业是一家总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑产品两大业务板块，设计生产丙烷、氧气、氦气压力容器，制冷及工业气瓶，露营与家用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等多元化产品。
VNET vs WOR — 直观对比
营收规模更大
VNET
是对方的1.1倍
$327.5M
净利率更高
WOR
高出19.0%
-10.7%
自由现金流更多
WOR
多$232.2M
$-193.1M
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $362.7M | $327.5M |
| 净利润 | $-38.7M | $27.3M |
| 毛利率 | 20.9% | 25.8% |
| 营业利润率 | 0.5% | 3.7% |
| 净利率 | -10.7% | 8.3% |
| 营收同比 | — | 19.5% |
| 净利润同比 | — | -3.3% |
| 每股收益（稀释后） | — | $0.55 |
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VNETWOR
| Q4 25 | — | $327.5M | ||
| Q3 25 | $362.7M | $303.7M | ||
| Q1 25 | $309.5M | — | ||
| Q3 24 | $302.2M | — | ||
| Q2 24 | $274.4M | — | ||
| Q1 24 | $262.9M | — | ||
| Q3 23 | $258.6M | — | ||
| Q2 23 | $251.2M | — |
净利润VNETWOR
| Q4 25 | — | $27.3M | ||
| Q3 25 | $-38.7M | $35.1M | ||
| Q1 25 | $-2.4M | — | ||
| Q3 24 | $-2.1M | — | ||
| Q2 24 | $-1.1M | — | ||
| Q1 24 | $-22.0M | — | ||
| Q3 23 | $-5.5M | — | ||
| Q2 23 | — | — |
毛利率VNETWOR
| Q4 25 | — | 25.8% | ||
| Q3 25 | 20.9% | 27.1% | ||
| Q1 25 | 25.2% | — | ||
| Q3 24 | 23.2% | — | ||
| Q2 24 | 21.3% | — | ||
| Q1 24 | 21.6% | — | ||
| Q3 23 | 16.2% | — | ||
| Q2 23 | 18.8% | — |
营业利润率VNETWOR
| Q4 25 | — | 3.7% | ||
| Q3 25 | 0.5% | 3.0% | ||
| Q1 25 | 0.1% | — | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.2% | — | ||
| Q3 23 | 1.7% | — | ||
| Q2 23 | 5.1% | — |
净利率VNETWOR
| Q4 25 | — | 8.3% | ||
| Q3 25 | -10.7% | 11.6% | ||
| Q1 25 | -0.8% | — | ||
| Q3 24 | -0.7% | — | ||
| Q2 24 | -0.4% | — | ||
| Q1 24 | -8.4% | — | ||
| Q3 23 | -2.1% | — | ||
| Q2 23 | — | — |
每股收益（稀释后）VNETWOR
| Q4 25 | — | $0.55 | ||
| Q3 25 | — | $0.70 | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
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 | $180.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $890.8M | $962.6M |
| 总资产 | $6.1B | $1.8B |
| 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VNETWOR
| Q4 25 | — | $180.3M | ||
| Q3 25 | $492.1M | $167.1M | ||
| Q1 25 | $544.3M | — | ||
| Q3 24 | $219.5M | — | ||
| Q2 24 | $247.2M | — | ||
| Q1 24 | $246.9M | — | ||
| Q3 23 | $370.4M | — | ||
| Q2 23 | $325.9M | — |
总债务VNETWOR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
股东权益VNETWOR
| Q4 25 | — | $962.6M | ||
| Q3 25 | $890.8M | $959.1M | ||
| Q1 25 | $927.8M | — | ||
| Q3 24 | $902.9M | — | ||
| Q2 24 | $900.6M | — | ||
| Q1 24 | $895.1M | — | ||
| Q3 23 | $942.7M | — | ||
| Q2 23 | $952.6M | — |
总资产VNETWOR
| Q4 25 | — | $1.8B | ||
| Q3 25 | $6.1B | $1.7B | ||
| Q1 25 | $5.4B | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.0B | — | ||
| Q1 24 | $3.9B | — | ||
| Q3 23 | $4.1B | — | ||
| Q2 23 | $4.0B | — |
负债/权益比VNETWOR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 1.28× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
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 | $51.5M |
| 自由现金流经营现金流 - 资本支出 | $-193.1M | $39.1M |
| 自由现金流率自由现金流/营收 | -53.2% | 11.9% |
| 资本支出强度资本支出/营收 | 84.6% | 3.8% |
| 现金转化率经营现金流/净利润 | — | 1.89× |
| 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VNETWOR
| Q4 25 | — | $51.5M | ||
| Q3 25 | $113.8M | $41.1M | ||
| Q1 25 | $27.0M | — | ||
| Q3 24 | $108.3M | — | ||
| Q2 24 | $55.8M | — | ||
| Q1 24 | $37.1M | — | ||
| Q3 23 | $62.3M | — | ||
| Q2 23 | $58.4M | — |
自由现金流VNETWOR
| Q4 25 | — | $39.1M | ||
| Q3 25 | $-193.1M | $27.9M | ||
| Q1 25 | $-220.0M | — | ||
| Q3 24 | $-95.0M | — | ||
| Q2 24 | $-81.6M | — | ||
| Q1 24 | $-102.2M | — | ||
| Q3 23 | $-67.5M | — | ||
| Q2 23 | $4.0M | — |
自由现金流率VNETWOR
| Q4 25 | — | 11.9% | ||
| Q3 25 | -53.2% | 9.2% | ||
| Q1 25 | -71.1% | — | ||
| Q3 24 | -31.4% | — | ||
| Q2 24 | -29.8% | — | ||
| Q1 24 | -38.9% | — | ||
| Q3 23 | -26.1% | — | ||
| Q2 23 | 1.6% | — |
资本支出强度VNETWOR
| Q4 25 | — | 3.8% | ||
| Q3 25 | 84.6% | 4.3% | ||
| Q1 25 | 79.8% | — | ||
| Q3 24 | 67.3% | — | ||
| Q2 24 | 50.1% | — | ||
| Q1 24 | 53.0% | — | ||
| Q3 23 | 50.2% | — | ||
| Q2 23 | 21.7% | — |
现金转化率VNETWOR
| Q4 25 | — | 1.89× | ||
| Q3 25 | — | 1.17× | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
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
VNET
暂无分部数据
WOR
| Building Products | $207.5M | 63% |
| Equity Method Investment Nonconsolidated Investee Other | $120.7M | 37% |
