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世纪互联（VNET）与Zurn Elkay Water Solutions Corp（ZWS）财务数据对比。点击上方公司名可切换其他公司
Zurn Elkay Water Solutions Corp的季度营收约是世纪互联的1.1倍（$407.2M vs $362.7M），Zurn Elkay Water Solutions Corp净利率更高（10.3% vs -10.7%，领先21.0%），过去两年世纪互联的营收复合增速更高（17.4% vs 4.4%）
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。
Zurn Elkay Water Solutions是一家专业水资源管理解决方案提供商，主要生产销售商用给排水设备、饮用水系统、过滤产品及流量控制组件，服务北美及全球的商用、住宅、工业和公共基建领域，主打高效节水的可持续产品。
VNET vs ZWS — 直观对比
营收规模更大
ZWS
是对方的1.1倍
$362.7M
净利率更高
ZWS
高出21.0%
-10.7%
两年增速更快
VNET
近两年复合增速
4.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $362.7M | $407.2M |
| 净利润 | $-38.7M | $42.1M |
| 毛利率 | 20.9% | 44.4% |
| 营业利润率 | 0.5% | 14.8% |
| 净利率 | -10.7% | 10.3% |
| 营收同比 | — | 9.8% |
| 净利润同比 | — | 15.7% |
| 每股收益（稀释后） | — | $0.24 |
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VNETZWS
| Q4 25 | — | $407.2M | ||
| Q3 25 | $362.7M | $455.4M | ||
| Q2 25 | — | $444.5M | ||
| Q1 25 | $309.5M | $388.8M | ||
| Q4 24 | — | $370.7M | ||
| Q3 24 | $302.2M | $410.0M | ||
| Q2 24 | $274.4M | $412.0M | ||
| Q1 24 | $262.9M | $373.8M |
净利润VNETZWS
| Q4 25 | — | $42.1M | ||
| Q3 25 | $-38.7M | $61.8M | ||
| Q2 25 | — | $50.5M | ||
| Q1 25 | $-2.4M | $43.6M | ||
| Q4 24 | — | $36.4M | ||
| Q3 24 | $-2.1M | $43.5M | ||
| Q2 24 | $-1.1M | $46.0M | ||
| Q1 24 | $-22.0M | $34.3M |
毛利率VNETZWS
| Q4 25 | — | 44.4% | ||
| Q3 25 | 20.9% | 44.1% | ||
| Q2 25 | — | 45.5% | ||
| Q1 25 | 25.2% | 46.6% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | 23.2% | 46.2% | ||
| Q2 24 | 21.3% | 45.2% | ||
| Q1 24 | 21.6% | 45.5% |
营业利润率VNETZWS
| Q4 25 | — | 14.8% | ||
| Q3 25 | 0.5% | 17.0% | ||
| Q2 25 | — | 17.5% | ||
| Q1 25 | 0.1% | 16.3% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | 24.5% | 17.1% | ||
| Q2 24 | 0.2% | 17.5% | ||
| Q1 24 | 0.2% | 14.2% |
净利率VNETZWS
| Q4 25 | — | 10.3% | ||
| Q3 25 | -10.7% | 13.6% | ||
| Q2 25 | — | 11.4% | ||
| Q1 25 | -0.8% | 11.2% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | -0.7% | 10.6% | ||
| Q2 24 | -0.4% | 11.2% | ||
| Q1 24 | -8.4% | 9.2% |
每股收益（稀释后）VNETZWS
| Q4 25 | — | $0.24 | ||
| Q3 25 | — | $0.36 | ||
| Q2 25 | — | $0.29 | ||
| Q1 25 | — | $0.26 | ||
| Q4 24 | — | $0.21 | ||
| Q3 24 | — | $0.25 | ||
| Q2 24 | — | $0.27 | ||
| Q1 24 | — | $0.19 |
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 | $300.5M |
| 总债务越低越好 | — | $496.5M |
| 股东权益账面价值 | $890.8M | $1.6B |
| 总资产 | $6.1B | $2.7B |
| 负债/权益比越低杠杆越低 | — | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资VNETZWS
| Q4 25 | — | $300.5M | ||
| Q3 25 | $492.1M | $260.1M | ||
| Q2 25 | — | $201.9M | ||
| Q1 25 | $544.3M | $144.7M | ||
| Q4 24 | — | $198.0M | ||
| Q3 24 | $219.5M | $187.9M | ||
| Q2 24 | $247.2M | $162.7M | ||
| Q1 24 | $246.9M | $157.1M |
总债务VNETZWS
| Q4 25 | — | $496.5M | ||
| Q3 25 | — | $496.4M | ||
| Q2 25 | — | $495.9M | ||
| Q1 25 | — | $495.8M | ||
| Q4 24 | — | $495.6M | ||
| Q3 24 | $1.2B | $495.6M | ||
| Q2 24 | — | $495.5M | ||
| Q1 24 | — | $495.4M |
股东权益VNETZWS
| Q4 25 | — | $1.6B | ||
| Q3 25 | $890.8M | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | $927.8M | $1.5B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $902.9M | $1.6B | ||
| Q2 24 | $900.6M | $1.6B | ||
| Q1 24 | $895.1M | $1.6B |
总资产VNETZWS
| Q4 25 | — | $2.7B | ||
| Q3 25 | $6.1B | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | $5.4B | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | $4.3B | $2.7B | ||
| Q2 24 | $4.0B | $2.7B | ||
| Q1 24 | $3.9B | $2.7B |
负债/权益比VNETZWS
| Q4 25 | — | 0.31× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.31× | ||
| Q3 24 | 1.28× | 0.31× | ||
| Q2 24 | — | 0.31× | ||
| Q1 24 | — | 0.31× |
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 | $91.7M |
| 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 | — | 2.18× |
| 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VNETZWS
| Q4 25 | — | $91.7M | ||
| Q3 25 | $113.8M | $101.3M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | $27.0M | $42.9M | ||
| Q4 24 | — | $63.6M | ||
| Q3 24 | $108.3M | $90.9M | ||
| Q2 24 | $55.8M | $85.1M | ||
| Q1 24 | $37.1M | $53.9M |
自由现金流VNETZWS
| Q4 25 | — | — | ||
| Q3 25 | $-193.1M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-220.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-95.0M | — | ||
| Q2 24 | $-81.6M | — | ||
| Q1 24 | $-102.2M | — |
自由现金流率VNETZWS
| Q4 25 | — | — | ||
| Q3 25 | -53.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -71.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -31.4% | — | ||
| Q2 24 | -29.8% | — | ||
| Q1 24 | -38.9% | — |
资本支出强度VNETZWS
| Q4 25 | — | — | ||
| Q3 25 | 84.6% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 79.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 67.3% | — | ||
| Q2 24 | 50.1% | — | ||
| Q1 24 | 53.0% | — |
现金转化率VNETZWS
| Q4 25 | — | 2.18× | ||
| Q3 25 | — | 1.64× | ||
| Q2 25 | — | 2.19× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 1.75× | ||
| Q3 24 | — | 2.09× | ||
| Q2 24 | — | 1.85× | ||
| Q1 24 | — | 1.57× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
