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世纪互联（VNET）与OLYMPIC STEEL INC（ZEUS）财务数据对比。点击上方公司名可切换其他公司
OLYMPIC STEEL INC的季度营收约是世纪互联的1.4倍（$490.7M vs $362.7M），OLYMPIC STEEL INC净利率更高（0.4% vs -10.7%，领先11.1%），OLYMPIC STEEL INC自由现金流更多（$-12.9M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% vs 0.1%）
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。
奥林匹克钢铁公司是一家总部位于美国俄亥俄州克利夫兰的金属加工配送服务商，主要在美国境内加工分销碳钢板、镀层钢板、不锈钢平轧板材卷材、铝合金、镀锡板等各类金属产品以及金属深加工品牌产品，可提供调质、矫平、裁切、分卷、成型、喷砂、激光加工等多种增值加工服务。
VNET vs ZEUS — 直观对比
营收规模更大
ZEUS
是对方的1.4倍
$362.7M
净利率更高
ZEUS
高出11.1%
-10.7%
自由现金流更多
ZEUS
多$180.2M
$-193.1M
两年增速更快
VNET
近两年复合增速
0.1%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $362.7M | $490.7M |
| 净利润 | $-38.7M | $2.2M |
| 毛利率 | 20.9% | — |
| 营业利润率 | 0.5% | 1.5% |
| 净利率 | -10.7% | 0.4% |
| 营收同比 | — | 4.4% |
| 净利润同比 | — | -21.2% |
| 每股收益（稀释后） | — | $0.18 |
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VNETZEUS
| Q3 25 | $362.7M | $490.7M | ||
| Q2 25 | — | $496.5M | ||
| Q1 25 | $309.5M | $492.9M | ||
| Q4 24 | — | $418.8M | ||
| Q3 24 | $302.2M | $470.0M | ||
| Q2 24 | $274.4M | $526.3M | ||
| Q1 24 | $262.9M | $526.6M | ||
| Q4 23 | — | $489.4M |
净利润VNETZEUS
| Q3 25 | $-38.7M | $2.2M | ||
| Q2 25 | — | $5.2M | ||
| Q1 25 | $-2.4M | $2.5M | ||
| Q4 24 | — | $3.9M | ||
| Q3 24 | $-2.1M | $2.7M | ||
| Q2 24 | $-1.1M | $7.7M | ||
| Q1 24 | $-22.0M | $8.7M | ||
| Q4 23 | — | $7.4M |
毛利率VNETZEUS
| Q3 25 | 20.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 25.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 23.2% | — | ||
| Q2 24 | 21.3% | — | ||
| Q1 24 | 21.6% | — | ||
| Q4 23 | — | — |
营业利润率VNETZEUS
| Q3 25 | 0.5% | 1.5% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | 0.1% | 1.6% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | 24.5% | 1.7% | ||
| Q2 24 | 0.2% | 2.9% | ||
| Q1 24 | 0.2% | 3.0% | ||
| Q4 23 | — | 2.7% |
净利率VNETZEUS
| Q3 25 | -10.7% | 0.4% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | -0.8% | 0.5% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | -0.7% | 0.6% | ||
| Q2 24 | -0.4% | 1.5% | ||
| Q1 24 | -8.4% | 1.7% | ||
| Q4 23 | — | 1.5% |
每股收益（稀释后）VNETZEUS
| Q3 25 | — | $0.18 | ||
| Q2 25 | — | $0.45 | ||
| Q1 25 | — | $0.21 | ||
| Q4 24 | — | $0.33 | ||
| Q3 24 | — | $0.23 | ||
| Q2 24 | — | $0.66 | ||
| Q1 24 | — | $0.75 | ||
| Q4 23 | — | $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 | $7.5M |
| 总债务越低越好 | — | $240.9M |
| 股东权益账面价值 | $890.8M | $579.1M |
| 总资产 | $6.1B | $1.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资VNETZEUS
| Q3 25 | $492.1M | $7.5M | ||
| Q2 25 | — | $14.8M | ||
| Q1 25 | $544.3M | $13.3M | ||
| Q4 24 | — | $11.9M | ||
| Q3 24 | $219.5M | $11.1M | ||
| Q2 24 | $247.2M | $9.4M | ||
| Q1 24 | $246.9M | $10.3M | ||
| Q4 23 | — | $13.2M |
总债务VNETZEUS
| Q3 25 | — | $240.9M | ||
| Q2 25 | — | $233.2M | ||
| Q1 25 | — | $235.4M | ||
| Q4 24 | — | $272.5M | ||
| Q3 24 | $1.2B | $197.3M | ||
| Q2 24 | — | $209.2M | ||
| Q1 24 | — | $196.8M | ||
| Q4 23 | — | $190.2M |
股东权益VNETZEUS
| Q3 25 | $890.8M | $579.1M | ||
| Q2 25 | — | $578.2M | ||
| Q1 25 | $927.8M | $574.2M | ||
| Q4 24 | — | $573.9M | ||
| Q3 24 | $902.9M | $570.6M | ||
| Q2 24 | $900.6M | $569.5M | ||
| Q1 24 | $895.1M | $563.0M | ||
| Q4 23 | — | $555.5M |
总资产VNETZEUS
| Q3 25 | $6.1B | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | $5.4B | $1.1B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $4.3B | $1.0B | ||
| Q2 24 | $4.0B | $1.0B | ||
| Q1 24 | $3.9B | $1.0B | ||
| Q4 23 | — | $984.8M |
负债/权益比VNETZEUS
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | 1.28× | 0.35× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.35× | ||
| Q4 23 | — | 0.34× |
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 | $-5.4M |
| 自由现金流经营现金流 - 资本支出 | $-193.1M | $-12.9M |
| 自由现金流率自由现金流/营收 | -53.2% | -2.6% |
| 资本支出强度资本支出/营收 | 84.6% | 1.5% |
| 现金转化率经营现金流/净利润 | — | -2.50× |
| 过去12个月自由现金流最近4个季度 | $-589.7M | $41.9M |
8季度趋势，按日历期对齐
经营现金流VNETZEUS
| Q3 25 | $113.8M | $-5.4M | ||
| Q2 25 | — | $15.5M | ||
| Q1 25 | $27.0M | $49.4M | ||
| Q4 24 | — | $14.6M | ||
| Q3 24 | $108.3M | $24.6M | ||
| Q2 24 | $55.8M | $-2.9M | ||
| Q1 24 | $37.1M | $-2.6M | ||
| Q4 23 | — | $54.2M |
自由现金流VNETZEUS
| Q3 25 | $-193.1M | $-12.9M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | $-220.0M | $40.6M | ||
| Q4 24 | — | $7.4M | ||
| Q3 24 | $-95.0M | $15.6M | ||
| Q2 24 | $-81.6M | $-11.3M | ||
| Q1 24 | $-102.2M | $-7.4M | ||
| Q4 23 | — | $52.4M |
自由现金流率VNETZEUS
| Q3 25 | -53.2% | -2.6% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | -71.1% | 8.2% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | -31.4% | 3.3% | ||
| Q2 24 | -29.8% | -2.2% | ||
| Q1 24 | -38.9% | -1.4% | ||
| Q4 23 | — | 10.7% |
资本支出强度VNETZEUS
| Q3 25 | 84.6% | 1.5% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | 79.8% | 1.8% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | 67.3% | 1.9% | ||
| Q2 24 | 50.1% | 1.6% | ||
| Q1 24 | 53.0% | 0.9% | ||
| Q4 23 | — | 0.4% |
现金转化率VNETZEUS
| Q3 25 | — | -2.50× | ||
| Q2 25 | — | 2.96× | ||
| Q1 25 | — | 19.70× | ||
| Q4 24 | — | 3.75× | ||
| Q3 24 | — | 9.01× | ||
| Q2 24 | — | -0.38× | ||
| Q1 24 | — | -0.30× | ||
| Q4 23 | — | 7.31× |
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
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
