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世纪互联（VNET）与WESBANCO INC（WSBC）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WESBANCO INC的1.4倍（$362.7M vs $257.2M），WESBANCO INC净利率更高（34.5% vs -10.7%，领先45.1%），过去两年WESBANCO INC的营收复合增速更高（31.9% vs 17.4%）
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。
WesBanco是一家总部位于美国西弗吉尼亚州惠灵的银行控股公司，业务覆盖广泛，目前在西弗吉尼亚州、俄亥俄州、宾夕法尼亚州西部、肯塔基州、马里兰州及印第安纳州南部拥有超过200家营业网点，为当地客户提供多元金融服务。
VNET vs WSBC — 直观对比
营收规模更大
VNET
是对方的1.4倍
$257.2M
净利率更高
WSBC
高出45.1%
-10.7%
两年增速更快
WSBC
近两年复合增速
17.4%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $362.7M | $257.2M |
| 净利润 | $-38.7M | $88.6M |
| 毛利率 | 20.9% | — |
| 营业利润率 | 0.5% | — |
| 净利率 | -10.7% | 34.5% |
| 营收同比 | — | — |
| 净利润同比 | — | 54.4% |
| 每股收益（稀释后） | — | $0.88 |
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VNETWSBC
| Q1 26 | — | $257.2M | ||
| Q4 25 | — | $265.6M | ||
| Q3 25 | $362.7M | $261.6M | ||
| Q2 25 | — | $260.7M | ||
| Q1 25 | $309.5M | $193.2M | ||
| Q4 24 | — | $162.9M | ||
| Q3 24 | $302.2M | $150.8M | ||
| Q2 24 | $274.4M | $147.9M |
净利润VNETWSBC
| Q1 26 | — | $88.6M | ||
| Q4 25 | — | $91.1M | ||
| Q3 25 | $-38.7M | $83.6M | ||
| Q2 25 | — | $57.4M | ||
| Q1 25 | $-2.4M | $-9.0M | ||
| Q4 24 | — | $49.6M | ||
| Q3 24 | $-2.1M | $37.3M | ||
| Q2 24 | $-1.1M | $28.9M |
毛利率VNETWSBC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 20.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 25.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 23.2% | — | ||
| Q2 24 | 21.3% | — |
营业利润率VNETWSBC
| Q1 26 | — | — | ||
| Q4 25 | — | 43.2% | ||
| Q3 25 | 0.5% | 39.5% | ||
| Q2 25 | — | 27.2% | ||
| Q1 25 | 0.1% | -5.0% | ||
| Q4 24 | — | 38.0% | ||
| Q3 24 | 24.5% | 29.7% | ||
| Q2 24 | 0.2% | 23.7% |
净利率VNETWSBC
| Q1 26 | — | 34.5% | ||
| Q4 25 | — | 34.3% | ||
| Q3 25 | -10.7% | 31.9% | ||
| Q2 25 | — | 22.0% | ||
| Q1 25 | -0.8% | -4.7% | ||
| Q4 24 | — | 30.5% | ||
| Q3 24 | -0.7% | 24.7% | ||
| Q2 24 | -0.4% | 19.5% |
每股收益（稀释后）VNETWSBC
| Q1 26 | — | $0.88 | ||
| Q4 25 | — | $0.97 | ||
| Q3 25 | — | $0.84 | ||
| Q2 25 | — | $0.57 | ||
| Q1 25 | — | $-0.15 | ||
| Q4 24 | — | $0.72 | ||
| Q3 24 | — | $0.54 | ||
| Q2 24 | — | $0.44 |
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 | $890.8M | $4.1B |
| 总资产 | $6.1B | $27.5B |
| 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VNETWSBC
| Q1 26 | — | — | ||
| Q4 25 | — | $956.1M | ||
| Q3 25 | $492.1M | $1.0B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | $544.3M | $1.1B | ||
| Q4 24 | — | $568.1M | ||
| Q3 24 | $219.5M | $620.9M | ||
| Q2 24 | $247.2M | $486.8M |
总债务VNETWSBC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | — | — |
股东权益VNETWSBC
| Q1 26 | — | $4.1B | ||
| Q4 25 | — | $4.0B | ||
| Q3 25 | $890.8M | $4.1B | ||
| Q2 25 | — | $3.8B | ||
| Q1 25 | $927.8M | $3.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | $902.9M | $2.8B | ||
| Q2 24 | $900.6M | $2.5B |
总资产VNETWSBC
| Q1 26 | — | $27.5B | ||
| Q4 25 | — | $27.7B | ||
| Q3 25 | $6.1B | $27.5B | ||
| Q2 25 | — | $27.6B | ||
| Q1 25 | $5.4B | $27.4B | ||
| Q4 24 | — | $18.7B | ||
| Q3 24 | $4.3B | $18.5B | ||
| Q2 24 | $4.0B | $18.1B |
负债/权益比VNETWSBC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.28× | — | ||
| Q2 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 | $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 | 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VNETWSBC
| Q1 26 | — | — | ||
| Q4 25 | — | $290.4M | ||
| Q3 25 | $113.8M | $116.9M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | $27.0M | $-26.4M | ||
| Q4 24 | — | $211.0M | ||
| Q3 24 | $108.3M | $60.7M | ||
| Q2 24 | $55.8M | $18.2M |
自由现金流VNETWSBC
| Q1 26 | — | — | ||
| Q4 25 | — | $280.0M | ||
| Q3 25 | $-193.1M | $114.9M | ||
| Q2 25 | — | $98.3M | ||
| Q1 25 | $-220.0M | $-30.7M | ||
| Q4 24 | — | $200.7M | ||
| Q3 24 | $-95.0M | $56.9M | ||
| Q2 24 | $-81.6M | $17.3M |
自由现金流率VNETWSBC
| Q1 26 | — | — | ||
| Q4 25 | — | 105.4% | ||
| Q3 25 | -53.2% | 43.9% | ||
| Q2 25 | — | 37.7% | ||
| Q1 25 | -71.1% | -15.9% | ||
| Q4 24 | — | 123.2% | ||
| Q3 24 | -31.4% | 37.7% | ||
| Q2 24 | -29.8% | 11.7% |
资本支出强度VNETWSBC
| Q1 26 | — | — | ||
| Q4 25 | — | 3.9% | ||
| Q3 25 | 84.6% | 0.8% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | 79.8% | 2.2% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | 67.3% | 2.5% | ||
| Q2 24 | 50.1% | 0.6% |
现金转化率VNETWSBC
| Q1 26 | — | — | ||
| Q4 25 | — | 3.19× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.83× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.25× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | — | 0.63× |
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
WSBC
| Net Interest Income | $215.4M | 84% |
| Noninterest Income | $41.8M | 16% |
