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世纪互联（VNET）与WSFS FINANCIAL CORP（WSFS）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WSFS FINANCIAL CORP的1.3倍（$362.7M vs $275.3M），WSFS FINANCIAL CORP净利率更高（31.5% vs -10.7%，领先42.2%），过去两年世纪互联的营收复合增速更高（17.4% vs 1.7%）
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。
WSFS金融集团是一家金融服务企业，核心子公司WSFS银行是总部位于特拉华州及大特拉华谷地区规模最大、经营历史最久的本地管理银行与财富管理机构。集团共运营115个网点，其中88个为银行网点，分布在宾夕法尼亚、特拉华、新泽西、佛罗里达、弗吉尼亚、内华达六州，提供全面金融服务。
VNET vs WSFS — 直观对比
营收规模更大
VNET
是对方的1.3倍
$275.3M
净利率更高
WSFS
高出42.2%
-10.7%
两年增速更快
VNET
近两年复合增速
1.7%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $362.7M | $275.3M |
| 净利润 | $-38.7M | $86.8M |
| 毛利率 | 20.9% | — |
| 营业利润率 | 0.5% | — |
| 净利率 | -10.7% | 31.5% |
| 营收同比 | — | 7.5% |
| 净利润同比 | — | 31.7% |
| 每股收益（稀释后） | — | $1.64 |
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VNETWSFS
| Q1 26 | — | $275.3M | ||
| Q4 25 | — | $271.9M | ||
| Q3 25 | $362.7M | $270.5M | ||
| Q2 25 | — | $267.5M | ||
| Q1 25 | $309.5M | $256.1M | ||
| Q4 24 | — | $261.5M | ||
| Q3 24 | $302.2M | $267.7M | ||
| Q2 24 | $274.4M | $266.0M |
净利润VNETWSFS
| Q1 26 | — | $86.8M | ||
| Q4 25 | — | $72.7M | ||
| Q3 25 | $-38.7M | $76.4M | ||
| Q2 25 | — | $72.3M | ||
| Q1 25 | $-2.4M | $65.9M | ||
| Q4 24 | — | $64.2M | ||
| Q3 24 | $-2.1M | $64.4M | ||
| Q2 24 | $-1.1M | $69.3M |
毛利率VNETWSFS
| 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VNETWSFS
| Q1 26 | — | — | ||
| Q4 25 | — | 35.8% | ||
| Q3 25 | 0.5% | 37.3% | ||
| Q2 25 | — | 35.7% | ||
| Q1 25 | 0.1% | 34.0% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | 24.5% | 31.9% | ||
| Q2 24 | 0.2% | 34.0% |
净利率VNETWSFS
| Q1 26 | — | 31.5% | ||
| Q4 25 | — | 26.7% | ||
| Q3 25 | -10.7% | 28.3% | ||
| Q2 25 | — | 27.0% | ||
| Q1 25 | -0.8% | 25.7% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | -0.7% | 24.1% | ||
| Q2 24 | -0.4% | 26.0% |
每股收益（稀释后）VNETWSFS
| Q1 26 | — | $1.64 | ||
| Q4 25 | — | $1.33 | ||
| Q3 25 | — | $1.37 | ||
| Q2 25 | — | $1.27 | ||
| Q1 25 | — | $1.12 | ||
| Q4 24 | — | $1.08 | ||
| Q3 24 | — | $1.08 | ||
| Q2 24 | — | $1.16 |
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 | $2.7B |
| 总资产 | $6.1B | $22.1B |
| 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VNETWSFS
| Q1 26 | — | — | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | $492.1M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $544.3M | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $219.5M | — | ||
| Q2 24 | $247.2M | — |
总债务VNETWSFS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | — | — |
股东权益VNETWSFS
| Q1 26 | — | $2.7B | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | $890.8M | $2.8B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | $927.8M | $2.7B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $902.9M | $2.7B | ||
| Q2 24 | $900.6M | $2.5B |
总资产VNETWSFS
| Q1 26 | — | $22.1B | ||
| Q4 25 | — | $21.3B | ||
| Q3 25 | $6.1B | $20.8B | ||
| Q2 25 | — | $20.8B | ||
| Q1 25 | $5.4B | $20.5B | ||
| Q4 24 | — | $20.8B | ||
| Q3 24 | $4.3B | $20.9B | ||
| Q2 24 | $4.0B | $20.7B |
负债/权益比VNETWSFS
| 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VNETWSFS
| Q1 26 | — | — | ||
| Q4 25 | — | $220.0M | ||
| Q3 25 | $113.8M | $121.5M | ||
| Q2 25 | — | $37.2M | ||
| Q1 25 | $27.0M | $8.7M | ||
| Q4 24 | — | $219.9M | ||
| Q3 24 | $108.3M | $3.1M | ||
| Q2 24 | $55.8M | $44.8M |
自由现金流VNETWSFS
| Q1 26 | — | — | ||
| Q4 25 | — | $213.6M | ||
| Q3 25 | $-193.1M | $120.3M | ||
| Q2 25 | — | $35.2M | ||
| Q1 25 | $-220.0M | $6.3M | ||
| Q4 24 | — | $205.6M | ||
| Q3 24 | $-95.0M | $-489.0K | ||
| Q2 24 | $-81.6M | $42.1M |
自由现金流率VNETWSFS
| Q1 26 | — | — | ||
| Q4 25 | — | 78.6% | ||
| Q3 25 | -53.2% | 44.5% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | -71.1% | 2.5% | ||
| Q4 24 | — | 78.6% | ||
| Q3 24 | -31.4% | -0.2% | ||
| Q2 24 | -29.8% | 15.8% |
资本支出强度VNETWSFS
| Q1 26 | — | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | 84.6% | 0.5% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | 79.8% | 0.9% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | 67.3% | 1.4% | ||
| Q2 24 | 50.1% | 1.0% |
现金转化率VNETWSFS
| Q1 26 | — | — | ||
| Q4 25 | — | 3.03× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 3.43× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | 0.65× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
