VNET Group, Inc.(VNET)Earnings, Financials & Key Ratios
VNET•NASDAQ
$9.01
$2.62B mkt cap·93.1× P/E·Price updated May 6, 2026
AboutVNET Group, Inc., an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; server administration services; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; VPN Services that extend customers' private networks by setting up connections through the public internet. The company also provides operating system support and assistance with updates, server monitoring, server backup and restoration, server security evaluation, firewall services, and disaster recovery services; site selection, planning, design, and construction services for wholesale and retail data centers. It serves information technology and cloud services, communications and social networking, gaming and entertainment, e-commerce, automobile, financial services, and blue-chip and small-to-mid-sized enterprises; government agencies; individuals; and telecommunication carriers. As of December 31, 2021, it operated 40 self-built data centers and 64 partnered data centers with 78,540 cabinets under management. The company was formerly known as 21Vianet Group, Inc. and changed its name to VNET Group, Inc. in October 2021. VNET Group, Inc. was founded in 1999 and is headquartered in Beijing, the People's Republic of China.Show more
- Revenue$8.26B+11.4%
- EBITDA$2.22B+1454.5%
- Net Income$183M+106.9%
- EPS (Diluted)0.66+103.8%
- Gross Margin22.18%+27.2%
- EBITDA Margin26.82%+1315.8%
- Operating Margin8.11%+130.5%
- Net Margin2.22%+106.2%
- ROE2.73%+106.9%
- ROIC2.38%+130.1%
- Debt/Equity2.67-0.9%
- Interest Coverage1.67+126.4%
VNET Key Insights
VNET Group, Inc. (VNET) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 16.9%
✗Weaknesses
- ✗High debt to equity ratio of 2.7x
- ✗Negative free cash flow
- ✗Shares diluted 93.3% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
VNET Price & Volume
VNET Group, Inc. (VNET) stock price & volume — 10-year historical chart
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VNET Growth Metrics
VNET Group, Inc. (VNET) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years11.12%
5 Years16.86%
3 Years10.09%
TTM20.73%
Profit CAGR
10 Years-
5 Years-
3 Years-28.45%
TTM74.83%
EPS CAGR
10 Years-
5 Years-
3 Years-41.52%
TTM86%
Return on Capital
10 Years-3.18%
5 Years-1.07%
3 Years-2.18%
Last Year3.19%
VNET Recent Earnings
VNET Group, Inc. (VNET) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Mar 16, 2026EPS
$0.00
Est $0.04
-103.6%
Revenue
$384M
Est $375M
+2.6%
Q4 2025
Nov 20, 2025EPS
$0.02
Est $0.02
+0.0%
Revenue
$363M
Est $369M
-1.6%
Q3 2025
Aug 21, 2025EPS
$0.01
Est $0.02
-150.0%
Revenue
$339M
Est $330M
+2.9%
Q2 2025
May 28, 2025EPS
$0.12
Est $0.01
-1100.0%
Revenue
$308M
Est $315M
-2.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 16, 2026 | $0.00vs $0.04-103.6% | $384Mvs $375M+2.6% |
| Q4 2025 | Nov 20, 2025 | $0.02vs $0.02+0.0% | $363Mvs $369M-1.6% |
| Q3 2025 | Aug 21, 2025 | $0.01vs $0.02-150.0% | $339Mvs $330M+2.9% |
| Q2 2025 | May 28, 2025 | $0.12vs $0.01-1100.0% | $308Mvs $315M-2.0% |
Based on last 12 quarters of dataView full earnings history →
VNET Peer Comparison
VNET Group, Inc. (VNET) competitors in Data Centers and Cloud Infrastructure — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GDS | 8.44B | 46.01 | 73.98 | 7.74% | 8.39% | 3.66% | 1.71 | |
 DLR | 68.61B | 199.68 | 55.78 | 10.04% | 21.14% | 5.35% | 0.97 | |
 EQIX | 107.26B | 1087.55 | 79.04 | 5.85% | 15.03% | 10.02% | 1.60 | |
 IRM | 39.29B | 132.06 | 269.51 | 12.22% | 3.76% | |||
 CYD | 1.62B | 43.28 | 35.94 | 6.02% | 1.85% | 4.1% | 0.21 | |
 UNIT | 2.69B | 11.33 | 2.33 | 91.49% | 56.8% | 342.98% | 26.35 | |
 BABA | 341.64B | 141.48 | 17.99 | 5.86% | 12.19% | 11.24% | 0.23 | |
 BIDU | 49.17B | 140.59 | 14.54 | -1.09% | 6.9% | 3.13% | 0.28 |
Compare VNET vs Peers
VNET Group, Inc. (VNET) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VNET Income Statement
VNET Group, Inc. (VNET) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 3.64B | 3.39B | 3.4B | 3.79B | 4.83B | 6.19B | 7.19B | 7.41B | 8.26B | 9.5B |
| Revenue Growth % | 0.2% | -6.84% | 0.25% | 11.41% | 27.45% | 28.18% | 16.15% | 3.11% | 11.41% | 20.73% |
| Cost of Goods Sold | 2.93B | 2.63B | 2.46B | 2.85B | 3.75B | 4.75B | 5.88B | 6.12B | 6.43B | 7.34B |
| COGS % of Revenue | 80.45% | 77.65% | 72.22% | 75.21% | 77.72% | 76.77% | 81.85% | 82.56% | 77.82% | - |
| Gross Profit | 712.14M▲ 0% | 758.41M▲ 6.5% | 944.87M▲ 24.6% | 939.45M▼ 0.6% | 1.08B▲ 14.5% | 1.44B▲ 33.6% | 1.31B▼ 9.2% | 1.29B▼ 1.0% | 1.83B▲ 41.8% | 2.15B▲ 0% |
| Gross Margin % | 19.55% | 22.35% | 27.78% | 24.79% | 22.28% | 23.23% | 18.15% | 17.44% | 22.18% | 22.69% |
| Gross Profit Growth % | -16.59% | 6.5% | 24.59% | -0.57% | 14.54% | 33.64% | -9.25% | -0.96% | 41.75% | - |
| Operating Expenses | 1.55B | 2.13B | 707.39M | 757.22M | 959.41M | 1.42B | 1.24B | 3.26B | 1.16B | 1.3B |
| OpEx % of Revenue | 42.63% | 62.69% | 20.8% | 19.98% | 19.87% | 22.89% | 17.29% | 44.02% | 14.08% | - |
| Selling, General & Admin | 992.57M | 776.63M | 634.81M | 621.59M | 770.12M | 1.1B | 954.86M | 808.06M | 922.79M | 1.05B |
| SG&A % of Revenue | 27.26% | 22.89% | 18.67% | 16.41% | 15.95% | 17.73% | 13.28% | 10.9% | 11.17% | - |
| Research & Development | 149.34M | 149.14M | 92.11M | 88.79M | 112.89M | 188.49M | 306.84M | 322.22M | 246.61M | 238.57M |
| R&D % of Revenue | 4.1% | 4.4% | 2.71% | 2.34% | 2.34% | 3.05% | 4.27% | 4.35% | 2.99% | - |
| Other Operating Expenses | 410.42M | 1.2B | -19.53M | 46.84M | 76.39M | 130.47M | -24.6M | 2.13B | -6.69M | 2M |
| Operating Income | -840.2M▲ 0% | -1.37B▼ 62.9% | 237.48M▲ 117.4% | 182.23M▼ 23.3% | 116.6M▼ 36.0% | 21.31M▼ 81.7% | 62.22M▲ 191.9% | -1.97B▼ 3267.8% | 669.44M▲ 134.0% | 850.51M▲ 0% |
| Operating Margin % | -23.07% | -40.34% | 6.98% | 4.81% | 2.41% | 0.34% | 0.87% | -26.59% | 8.11% | 8.96% |
| Operating Income Growth % | -195.6% | -62.88% | 117.35% | -23.26% | -36.01% | -81.72% | 191.91% | -3267.79% | 133.97% | - |
| EBITDA | -176.13M | -701.44M | 872.09M | 954.44M | 1.11B | 1.29B | 1.68B | -163.56M | 2.22B | 2.81B |
| EBITDA Margin % | -4.84% | -20.67% | 25.64% | 25.19% | 22.89% | 20.82% | 23.3% | -2.21% | 26.82% | 29.64% |
| EBITDA Growth % | -158.33% | -298.26% | 224.33% | 9.44% | 15.84% | 16.58% | 29.96% | -109.76% | 1454.51% | 1462.75% |
| D&A (Non-Cash Add-back) | 664.07M | 667.1M | 634.61M | 772.21M | 988.98M | 1.27B | 1.61B | 1.81B | 1.55B | 1.96B |
| EBIT | -780.14M | -876.28M | 260.38M | 234.38M | -2.2B | 1B | 62.22M | -2.17B | 669.44M | 850.51M |
| Net Interest Income | -177.51M | -152.39M | -190.88M | -291.35M | -348.9M | -303.05M | -241.73M | -270.37M | -373.02M | -447.8M |
| Interest Income | 21.08M | 32.92M | 45.19M | 54.61M | 31.71M | 31.9M | 31.57M | 41.8M | 27.96M | 38.51M |
| Interest Expense | 198.59M | 185.31M | 236.07M | 345.95M | 380.61M | 334.95M | 273.31M | 312.17M | 400.98M | 486.3M |
| Other Income/Expense | -102.89M | 360.72M | 0 | -358.04M | -2.7B | 605.19M | -701.79M | -511.89M | -186.79M | -1.07B |
| Pretax Income | -943.08M▲ 0% | -1.01B▼ 6.9% | -162.32M▲ 83.9% | -175.81M▼ 8.3% | -2.58B▼ 1368.5% | 626.51M▲ 124.3% | -639.57M▼ 202.1% | -2.48B▼ 288.2% | 482.65M▲ 119.4% | -222.9M▲ 0% |
| Pretax Margin % | -25.9% | -29.71% | -4.77% | -4.64% | -53.46% | 10.12% | -8.9% | -33.49% | 5.84% | -2.35% |
| Income Tax | -11.16M | -90.17M | 24.41M | 5.44M | 109.34M | 111.41M | 135.81M | 114.37M | 234.23M | 251.01M |
| Effective Tax Rate % | 1.18% | 8.95% | -15.04% | -3.09% | -4.23% | 17.78% | -21.23% | -4.61% | 48.53% | -112.61% |
| Net Income | -633.6M▲ 0% | -772.73M▼ 22.0% | -205.06M▲ 73.5% | -182.29M▲ 11.1% | -2.71B▼ 1386.3% | 500.1M▲ 118.5% | -789.58M▼ 257.9% | -2.64B▼ 234.8% | 183.2M▲ 106.9% | -567.7M▲ 0% |
| Net Margin % | -17.4% | -22.78% | -6.03% | -4.81% | -56.11% | 8.08% | -10.98% | -35.67% | 2.22% | -5.98% |
| Net Income Growth % | -48% | -21.96% | 73.46% | 11.11% | -1386.27% | 118.46% | -257.89% | -234.84% | 106.93% | 74.83% |
| Net Income (Continuing) | -931.92M | -917.64M | -186.74M | -181.25M | -2.68B | 515.1M | -775.38M | -2.6B | 248.42M | -473.87M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 725.78M | 153.24M | 269.35M | 275.58M | 331.82M | 358.35M | 366.9M | 499.39M | 554.88M | 1.84B |
| EPS (Diluted) | -7.92▲ 0% | -6.90▲ 12.9% | -1.80▲ 73.9% | -1.20▲ 33.3% | -26.82▼ 2135.0% | 3.30▲ 112.3% | -5.16▼ 256.4% | -17.58▼ 240.7% | 0.66▲ 103.8% | -2.11▲ 0% |
| EPS Growth % | -51.72% | 12.88% | 73.91% | 33.33% | -2135% | 112.3% | -256.36% | -240.7% | 103.75% | 86% |
| EPS (Basic) | -7.92 | -6.90 | -1.80 | -1.20 | -22.56 | 3.42 | -5.16 | -17.58 | 0.66 | - |
| Diluted Shares Outstanding | 102.86M | 112.14M | 112.45M | 111.47M | 119.48M | 151.93M | 147.8M | 150.19M | 290.39M | 268.95M |
| Basic Shares Outstanding | 102.86M | 112.09M | 112.45M | 111.47M | 119.42M | 144.23M | 147.8M | 150.19M | 265.6M | 268.95M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
VNET Balance Sheet
VNET Group, Inc. (VNET) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 5.2B | 4.3B | 4.68B | 5.17B | 6.04B | 5.32B | 6.95B | 9.81B | 6.82B | 10.96B |
| Cash & Short-Term Investments | 3.54B | 2.77B | 2.87B | 2.62B | 3.26B | 1.7B | 2.95B | 5.45B | 2.04B | 4.75B |
| Cash Only | 3.26B | 2.22B | 2.63B | 2.26B | 2.97B | 1.7B | 2.95B | 5.09B | 2.04B | 3.5B |
| Short-Term Investments | 277.94M | 555.32M | 245.35M | 359.96M | 285.24M | 0 | 0 | 356.41M | 0 | 1.25B |
| Accounts Receivable | 1.41B | 1.14B | 1.2B | 1.66B | 1.82B | 2.56B | 2.88B | 2.91B | 3.36B | 2.57B |
| Days Sales Outstanding | 141.29 | 122.82 | 129.16 | 160.24 | 137.53 | 150.66 | 145.97 | 143.1 | 148.56 | 105.41 |
| Inventory | 4.43M | 718.31K | 1.84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 0.55 | 0.1 | 0.27 | - | - | - | - | - | - | - |
| Other Current Assets | 85.38M | 31.03M | 40.03M | 17.2M | 81.05M | 122.73M | 155.48M | 114.22M | 150.14M | 3.64B |
| Total Non-Current Assets | 7.22B | 5.73B | 6.48B | 8.95B | 13.29B | 17.75B | 19.61B | 20.54B | 25.54B | 32.39B |
| Property, Plant & Equipment | 3.78B | 3.36B | 4.04B | 6.59B | 9.41B | 12.95B | 15.25B | 17.02B | 21.83B | 27.28B |
| Fixed Asset Turnover | 0.96x | 1.01x | 0.84x | 0.57x | 0.51x | 0.48x | 0.47x | 0.44x | 0.38x | 0.39x |
| Goodwill | 1.76B | 1B | 990.89M | 978.95M | 992.81M | 1.34B | 1.34B | 0 | 0 | 0 |
| Intangible Assets | 977.31M | 405.81M | 355.8M | 406.2M | 656.75M | 899.28M | 1.48B | 1.38B | 1.4B | 2.84B |
| Long-Term Investments | 332.4M | 520.29M | 616.84M | 257.35M | 291.08M | 106.34M | 239.21M | 757.96M | 844.25M | 3.35B |
| Other Non-Current Assets | 314.94M | 268.57M | 321.52M | 505.26M | 1.75B | 2.29B | 1.11B | 1.13B | 1.15B | 6.86B |
| Total Assets | 12.42B▲ 0% | 10.02B▼ 19.3% | 11.17B▲ 11.4% | 14.12B▲ 26.5% | 19.33B▲ 36.9% | 23.07B▲ 19.3% | 26.56B▲ 15.1% | 30.35B▲ 14.3% | 32.36B▲ 6.6% | 43.35B▲ 0% |
| Asset Turnover | 0.29x | 0.34x | 0.30x | 0.27x | 0.25x | 0.27x | 0.27x | 0.24x | 0.26x | 0.25x |
| Asset Growth % | 14.43% | -19.3% | 11.39% | 26.46% | 36.9% | 19.33% | 15.15% | 14.27% | 6.6% | 126.04% |
| Total Current Liabilities | 4.37B | 1.8B | 2.19B | 4.42B | 6.11B | 5.17B | 6.24B | 11.42B | 9.34B | 12.17B |
| Accounts Payable | 529.55M | 255.85M | 390.04M | 299.89M | 288.75M | 492.93M | 703.39M | 695.38M | 709.22M | 750.81M |
| Days Payables Outstanding | 65.98 | 35.45 | 57.96 | 38.41 | 28.08 | 37.86 | 43.63 | 41.47 | 40.28 | 37.65 |
| Short-Term Debt | 2.39B | 404.97M | 350.43M | 1.83B | 3.01B | 1.45B | 1.88B | 6.21B | 3.47B | 3B |
| Deferred Revenue (Current) | 521.4M | 464.37M | 728.79M | 1.11B | 1.1B | 1.1B | 1.24B | 1.7B | 1.47B | 6.07B |
| Other Current Liabilities | 666.03M | 457.97M | 487.25M | 956.82M | 1.48B | 1.8B | 1.96B | 2.31B | 3.15B | 0 |
| Current Ratio | 1.19x | 2.39x | 2.13x | 1.17x | 0.99x | 1.03x | 1.11x | 0.86x | 0.73x | 0.73x |
| Quick Ratio | 1.19x | 2.39x | 2.13x | 1.17x | 0.99x | 1.03x | 1.11x | 0.86x | 0.73x | 0.73x |
| Cash Conversion Cycle | 75.86 | 87.47 | 71.47 | - | - | - | - | - | - | 67.76 |
| Total Non-Current Liabilities | 1.17B | 2.95B | 3.59B | 4.52B | 6.34B | 10.3B | 13.44B | 12.28B | 15.82B | 23.59B |
| Long-Term Debt | 268.21M | 2.13B | 2.15B | 2.12B | 3.89B | 6.47B | 8.78B | 6.88B | 9.66B | 16.48B |
| Capital Lease Obligations | 536.61M | 607.92M | 767.04M | 1.46B | 1.33B | 3.4B | 3.9B | 4.43B | 5.31B | 22.63B |
| Deferred Tax Liabilities | 274.69M | 193.11M | 157.94M | 200.41M | 298.44M | 347.99M | 672.79M | 687.57M | 734.36M | 3.63B |
| Other Non-Current Liabilities | 28.69M | 16.7M | 511.86M | 740.34M | 814.65M | 77.48M | 85.92M | 286.83M | 107.84M | 215.69M |
| Total Liabilities | 5.54B | 4.74B | 5.78B | 8.94B | 12.44B | 15.47B | 19.68B | 23.7B | 25.16B | 35.76B |
| Total Debt | 3.19B | 3.14B | 3.27B | 5.4B | 8.23B | 11.32B | 14.55B | 17.51B | 18.45B | 26.66B |
| Net Debt | -70.11M | 925.46M | 642.89M | 3.14B | 5.26B | 9.62B | 11.61B | 12.42B | 16.41B | 23.16B |
| Debt / Equity | 0.47x | 0.60x | 0.61x | 1.04x | 1.20x | 1.49x | 2.11x | 2.69x | 2.67x | 2.67x |
| Debt / EBITDA | - | - | 3.75x | 5.66x | 7.44x | 8.79x | 8.69x | - | 8.33x | 9.47x |
| Net Debt / EBITDA | - | - | 0.74x | 3.29x | 4.75x | 7.47x | 6.93x | - | 7.41x | 7.41x |
| Interest Coverage | -4.23x | -7.39x | 1.01x | 0.53x | 0.31x | 0.06x | 0.23x | -6.31x | 1.67x | 1.75x |
| Total Equity | 6.85B▲ 0% | 5.26B▼ 23.2% | 5.37B▲ 2.1% | 5.18B▼ 3.6% | 6.88B▲ 33.0% | 7.59B▲ 10.3% | 6.88B▼ 9.4% | 6.51B▼ 5.4% | 6.92B▲ 6.4% | 7.59B▲ 0% |
| Equity Growth % | 42.12% | -23.19% | 2.06% | -3.63% | 32.97% | 10.31% | -9.36% | -5.45% | 6.35% | 51.23% |
| Book Value per Share | 66.60 | 46.92 | 47.76 | 46.43 | 57.60 | 49.97 | 46.56 | 43.32 | 23.83 | 28.22 |
| Total Shareholders' Equity | 6.13B | 5.11B | 5.1B | 4.9B | 6.55B | 7.23B | 6.51B | 6.01B | 6.37B | 5.75B |
| Common Stock | 45K | 46.54K | 46.06K | 45.51K | 56K | 59.93K | 59.14K | 106.87K | 111.99K | 112K |
| Retained Earnings | -2.87B | -3.67B | -3.84B | -4B | -7.22B | -7.58B | -8.25B | -11B | -10.86B | -11.43B |
| Treasury Stock | -204.55M | 0 | 0 | 0 | -349.52M | 0 | -344.51M | -326.58M | -161.88M | -179.09M |
| Accumulated OCI | 182.91M | -305.15M | -209.59M | -208.89M | 18.89M | -365.07M | 87.74M | 66.2M | 88.87M | 115.56M |
| Minority Interest | 725.78M | 153.24M | 269.35M | 275.58M | 331.82M | 358.35M | 366.9M | 499.39M | 554.88M | 1.84B |
VNET Cash Flow Statement
VNET Group, Inc. (VNET) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 83.62M | 402.31M | 704.97M | 707.36M | 714.24M | 1.39B | 2.6B | 2.06B | 2.01B | 2.01B |
| Operating CF Margin % | 2.3% | 11.86% | 20.73% | 18.67% | 14.79% | 22.42% | 36.2% | 27.84% | 24.28% | - |
| Operating CF Growth % | -61.44% | 381.12% | 75.23% | 0.34% | 0.97% | 94.32% | 87.5% | -20.71% | -2.81% | 20.7% |
| Net Income | -931.92M | -917.64M | -186.74M | -181.25M | -2.68B | 515.1M | -761.99M | -2.6B | 248.42M | -567.7M |
| Depreciation & Amortization | 664.07M | 667.1M | 634.61M | 772.21M | 988.98M | 1.27B | 1.6B | 1.81B | 1.6B | 1.2B |
| Stock-Based Compensation | 118.73M | 47.13M | 59.54M | 43.92M | 136.8M | 320.01M | 118.17M | 35.3M | 148.56M | 148.05M |
| Deferred Taxes | -65.93M | -128.03M | -19.78M | -64.89M | -22.51M | 325K | 17.89M | -43.15M | 0 | 0 |
| Other Non-Cash Items | 361.99M | 688.1M | 202.46M | 148.22M | 2.8B | -208.05M | 1.04B | 3.06B | 319.41M | 1.41B |
| Working Capital Changes | -63.32M | 45.65M | 14.88M | -10.86M | -509.65M | -507.04M | 594.05M | -196.82M | -309.25M | -266.69M |
| Change in Receivables | -40.99M | 18.28M | -68.81M | -156.13M | -171.61M | -533.32M | -381.19M | 2.63M | -77.74M | 61.23M |
| Change in Inventory | 9.11M | -1.13M | -1.12M | -247.81M | -289.68M | 378.18M | 0 | 0 | 0 | 0 |
| Change in Payables | 46.95M | 42.47M | 41.38M | -93.25M | -13.74M | 195.73M | 220.13M | -24.43M | 20.04M | 0 |
| Cash from Investing | -841.02M | -699.34M | -304.85M | -1.61B | -3.89B | -3.77B | -3.56B | -3.91B | -4.39B | -8.63B |
| Capital Expenditures | -612.5M | -414.95M | -453.09M | -1.28B | -2.5B | -2.73B | -3.05B | -2.97B | -4.92B | -5.55B |
| CapEx % of Revenue | 16.82% | 12.23% | 13.32% | 33.66% | 51.84% | 44.17% | 42.46% | 40.03% | 59.62% | - |
| Acquisitions | -56.26M | -89.63M | -9.61M | -133.04M | -1.56B | -1.16B | -38.69M | 2K | 200M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 43.33M | 238.37M | 16.25M | 111.92M | 1.33B | -156.86M | -254.66M | -61.63M | -2.52M | -1.4B |
| Cash from Financing | 209.47M | -612.65M | -19.9M | 461.56M | 4.16B | 967.58M | 2.3B | 3.94B | -627.65M | 1.57B |
| Debt Issued (Net) | -464.01M | -601.54M | -259.33M | 473.64M | 536.42M | 2.66B | 2.3B | 1.84B | -535.19M | 1.05B |
| Equity Issued (Net) | 1000K | -1000K | 1000K | -1000K | 1000K | -1000K | 0 | 1000K | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -81.69M | -136.93M | 0 | -21.62M | -130.47M | -1.7B | 0 | 0 | 0 | 0 |
| Other Financing | -1.79B | -1.48B | 196.72M | 8.96M | 27.93M | 11.29M | 0 | -23.41M | -92.46M | 521.19M |
| Net Change in Cash | -387.64M▲ 0% | 652.21M▲ 268.3% | 465.55M▼ 28.6% | -303.84M▼ 165.3% | 759.26M▲ 349.9% | -1.41B▼ 285.4% | 1.28B▲ 191.0% | 2.11B▲ 64.7% | -3.02B▼ 243.1% | 2B▲ 0% |
| Free Cash Flow | -528.88M▲ 0% | -12.64M▲ 97.6% | 251.87M▲ 2091.9% | -567.99M▼ 325.5% | -1.79B▼ 215.0% | -1.35B▲ 24.8% | -450.61M▲ 66.5% | -997.15M▼ 121.3% | -3.12B▼ 213.2% | -3.86B▲ 0% |
| FCF Margin % | -14.52% | -0.37% | 7.41% | -14.99% | -37.05% | -21.75% | -6.27% | -13.45% | -37.81% | -40.66% |
| FCF Growth % | 40.1% | 97.61% | 2091.87% | -325.51% | -215% | 24.75% | 66.53% | -121.29% | -213.2% | -115.27% |
| FCF per Share | -5.14 | -0.11 | 2.24 | -5.10 | -14.97 | -8.86 | -3.05 | -6.64 | -10.75 | -10.75 |
| FCF Conversion (FCF/Net Income) | -0.13x | -0.52x | -3.44x | -3.88x | -0.26x | 2.78x | -3.30x | -0.78x | 10.95x | 6.80x |
| Interest Paid | 155.68M | 96.85M | 160.98M | 215.89M | 284.27M | 259.76M | 222.41M | 251.07M | 434.19M | 0 |
| Taxes Paid | 50.35M | 55.08M | 57.41M | 41.68M | 102.33M | 83M | 159.78M | 145.6M | 211.9M | 0 |
VNET Key Ratios
VNET Group, Inc. (VNET) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -10.86% | -12.76% | -3.86% | -3.46% | -44.94% | 6.91% | -10.91% | -39.49% | 2.73% | -7.63% |
| Return on Invested Capital (ROIC) | -9.53% | -15.83% | 2.92% | 1.91% | 0.86% | 0.11% | 0.26% | -7.9% | 2.38% | 2.38% |
| Gross Margin | 19.55% | 22.35% | 27.78% | 24.79% | 22.28% | 23.23% | 18.15% | 17.44% | 22.18% | 22.69% |
| Net Margin | -17.4% | -22.78% | -6.03% | -4.81% | -56.11% | 8.08% | -10.98% | -35.67% | 2.22% | -5.98% |
| Debt / Equity | 0.47x | 0.60x | 0.61x | 1.04x | 1.20x | 1.49x | 2.11x | 2.69x | 2.67x | 2.67x |
| Interest Coverage | -4.23x | -7.39x | 1.01x | 0.53x | 0.31x | 0.06x | 0.23x | -6.31x | 1.67x | 1.75x |
| FCF Conversion | -0.13x | -0.52x | -3.44x | -3.88x | -0.26x | 2.78x | -3.30x | -0.78x | 10.95x | 6.80x |
| Revenue Growth | 0.2% | -6.84% | 0.25% | 11.41% | 27.45% | 28.18% | 16.15% | 3.11% | 11.41% | 20.73% |
VNET Frequently Asked Questions
VNET Group, Inc. (VNET) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
VNET Group, Inc. (VNET) reported $9.50B in revenue for fiscal year 2024. This represents a 2927% increase from $313.6M in 2009.
VNET Group, Inc. (VNET) grew revenue by 11.4% over the past year. This is steady growth.
VNET Group, Inc. (VNET) reported a net loss of $567.7M for fiscal year 2024.
Dividend & Returns
VNET Group, Inc. (VNET) has a return on equity (ROE) of 2.7%. This is below average, suggesting room for improvement.
VNET Group, Inc. (VNET) had negative free cash flow of $3.86B in fiscal year 2024, likely due to heavy capital investments.
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VNET Group, Inc. (VNET) financial analysis — history, returns, DCA and operating performance tools
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