21Vianet
VNET
5.39
-0.01
-0.19%
21Vianet
US · VNET
#2962 by market cap
Listed 2011
5.39
-0.01
-0.19%
Live - 5344 symbols - heartbeat 273s ago
· 2026-10-08 06:35
Pre-market
5.28
-2.04%
After-hours
5.39
0.00%
Overnight
5.39
0.00%
- Market cap
- 1.54B
- P/E (TTM)i
- -4.24
- P/Bi
- 2.53
- EPSi
- -0.14
- Div yieldi
- 0.00%
- 52W posi
- 3%
Reader sentiment
Are you bullish or bearish on VNET?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is -0.07, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +20.46% YoY
Margins
- Gross margin
- 22.04%
- Operating margin
- 7.84%
- Net margin
- -2.58%
Key ratios & quality
- Enterprise valuei
- 18.16B
- Altman Z-Scorei
- -0.07
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.40B | 3.79B | 4.83B | 6.19B | 7.07B | 7.41B | 8.26B | 9.95B |
| Gross profit | 944.87M | 939.45M | 1.08B | 1.44B | 1.36B | 1.29B | 1.83B | 2.19B |
| Selling & admin expenses | 634.81M | 621.59M | 770.12M | 1.10B | 954.86M | 768.06M | 890.45M | 1.02B |
| Research & development | 92.11M | 88.79M | 112.89M | 188.49M | 306.84M | 322.22M | 246.61M | 261.13M |
| Operating profit | 223.57M | 234.38M | 198.22M | 133.39M | 121.16M | -100.02M | 669.44M | 780.30M |
| Pretax profit | 24.32M | -125.26M | -2.58B | 665.17M | -630.46M | -2.49B | 474.69M | 417.21M |
| Tax | 24.41M | 5.44M | 109.34M | 111.41M | 133.46M | 114.37M | 234.23M | 557.51M |
| Net profit | -186.74M | -181.25M | -2.68B | 515.10M | -761.99M | -2.60B | 248.42M | -133.42M |
| Basic EPS | -2 | -2 | -27 | 3 | -5 | -18 | 1 | -1 |
| Diluted EPS | -1.80 | -1.62 | -26.82 | -2.16 | -5.22 | -17.58 | 0.12 | -0.96 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 2.25B | 2.43B | 2.58B | 2.69B | 2.69B | 2.78B |
| Gross profit | 565.34M | 547.74M | 539.03M | 540.38M | 615.87M | 505.18M |
| Selling & admin expenses | 244.12M | 282.44M | 257.09M | 240.19M | 216.06M | 223.70M |
| Research & development | 43.60M | 67.57M | 71.30M | 78.67M | 74.42M | 75.16M |
| Operating profit | 248.53M | 173.02M | 205.74M | 153.01M | 246.93M | 229.25M |
| Pretax profit | -171.38M | 111.78M | -255.76M | 732.57M | 38.65M | 37.30M |
| Tax | 52.06M | 95.05M | 21.47M | 388.93M | 486.16M | 57.84M |
| Net profit | -220.22M | 16.77M | -275.31M | 345.34M | -444.90M | -39.75M |
| Basic EPS | -1 | 0 | -1 | 1 | -8 | -1 |
| Diluted EPS | -0.90 | -0.06 | -1.14 | 0.00 | -8.16 | -0.54 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 4.68B | 5.23B | 6.06B | 5.32B | 7.05B | 9.82B | 6.82B | 11.45B |
| Cash & ST investments | 2.60B | 2.17B | 3.00B | 1.37B | 2.66B | 2.60B | 1.49B | 5.90B |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 11.15B | 14.27B | 19.37B | 23.10B | 26.95B | 30.39B | 32.36B | 44.59B |
| Total current liabilities | 2.19B | 4.47B | 6.12B | 5.18B | 6.33B | 11.44B | 9.34B | 12.45B |
| Short-term debt | 344.98M | 1.84B | 3.01B | 1.24B | 1.90B | 5.86B | 2.53B | 5.81B |
| Long-term debt | 2.15B | 2.14B | 3.90B | 6.48B | 8.91B | 6.88B | 9.67B | 16.72B |
| Total liabilities | 5,787,533,000.00 | 9,042,078,000.00 | 12,476,275,000.00 | 15,494,038,000.00 | 19,966,549,000.00 | 23,871,520,000.00 | 25,436,223,000.00 | 36,029,690,000.00 |
| Total equity | 5.36B | 5.23B | 6.90B | 7.60B | 6.98B | 6.51B | 6.92B | 8.56B |
| Retained earnings | -3.84B | -4.04B | -7.24B | -7.59B | -8.37B | -11.02B | -10.86B | -11.13B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 11.14B | 10.18B | 10.96B | 11.45B | 14.49B | 12.76B |
| Cash & ST investments | 3.97B | 4.16B | 4.75B | 5.90B | 8.49B | 6.72B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 38.83B | 39.71B | 43.35B | 44.59B | 49.12B | 49.51B |
| Total current liabilities | 10.11B | 10.45B | 12.17B | 12.45B | 14.66B | 13.11B |
| Short-term debt | 3.75B | 3.92B | 4.30B | 5.81B | 6.50B | 5.49B |
| Long-term debt | 14.20B | 14.65B | 16.48B | 16.72B | 17.77B | 19.24B |
| Total liabilities | 31,230,249,000.00 | 32,088,739,000.00 | 35,764,993,000.00 | 36,029,690,000.00 | 39,123,015,000.00 | 39,491,978,000.00 |
| Total equity | 7.60B | 7.62B | 7.59B | 8.56B | 9.99B | 10.02B |
| Retained earnings | -11.10B | -11.12B | -11.43B | -11.13B | -13.36B | -13.50B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 704.97M | 802.92M | 714.24M | 1.39B | 2.44B | 2.06B | 2.01B | 1.92B |
| Depreciation & amortization | 634.61M | 772.21M | 988.98M | 1.27B | 1.60B | 1.81B | 1.60B | 2.13B |
| Free cash flow | 251.87M | -496.89M | -1.79B | -1.44B | -660.39M | -997.15M | -3.12B | -5.95B |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 42.71M | -21.05M | 2.55B | -1.70B | 0 | 2.13B | 0 | -17.20M |
| Ending cash balance | 2.66B | 2.36B | 3.12B | 1.71B | 2.99B | 5.10B | 2.08B | 6.20B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 195.71M | 366.60M | 809.82M | 742.14M | 173.68M | 218.08M |
| Depreciation & amortization | -- | -- | -- | -- | -- | -- |
| Free cash flow | -1.63B | -1.53B | -1.41B | -3.01B | -1.62B | -1.32B |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 0 | -- | -- | 951.39M | 0 |
| Ending cash balance | 5.77B | 3.42B | 4.08B | 6.20B | 8.08B | 7.21B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -4.04 | -3.63 | -51.75 | 7.75 | -11.20 | -41.89 | 2.72 | -4.08 |
| ROA %i | -1.95 | -1.43 | -16.10 | 2.33 | -3.10 | -9.22 | 0.54 | -0.67 |
| ROIC %i | -0.75 | 0.39 | -20.25 | 4.65 | -2.99 | -10.71 | 1.88 | 0.56 |
| 5-year avg ROE %i | -12.33 | -10.06 | -19.54 | -15.49 | -14.46 | -22.03 | -20.76 | -9.34 |
| EBIT margin %i | 7.66 | 5.82 | -45.58 | 16.16 | -5.06 | -29.33 | 10.60 | 10.21 |
| FCF / sales %i | 7.41 | -- | -- | -- | -- | -- | -- | -- |
| Current ratioi | 2.13 | 1.17 | 0.99 | 1.03 | 1.11 | 0.86 | 0.73 | 0.92 |
| Quick ratioi | 1.73 | 0.85 | 0.79 | 0.76 | 0.88 | 0.48 | 0.52 | 0.78 |
| Debt / assetsi | 29.24 | 38.25 | 42.58 | 48.16 | 54.79 | 56.51 | 54.10 | 63.17 |
| LT debt / equityi | 57.24 | 73.01 | 94.87 | 136.50 | 194.60 | 188.11 | 235.26 | 359.63 |
| Interest coveragei | 1.10 | 0.64 | -5.78 | 2.99 | -1.31 | -6.96 | 2.18 | 1.70 |
| Revenue CAGR (3Y) %i | -2.19 | 1.33 | 12.49 | 22.09 | 23.08 | 15.36 | 10.09 | 12.09 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -28.45 | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 1.94 | 0.69 | -9.65 | -4.08 | -43.21 | -46.49 |
| ROA %i | 0.35 | 0.12 | -1.59 | -0.67 | -5.11 | -5.34 |
| ROIC %i | 1.48 | 1.29 | -0.89 | 0.56 | -5.46 | -5.64 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 8.92 | 9.03 | 2.69 | 10.21 | 12.95 | 12.28 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 1.10 | 0.97 | 0.90 | 0.92 | 0.99 | 0.97 |
| Quick ratioi | 0.63 | 0.65 | 0.60 | 0.78 | 0.79 | 0.75 |
| Debt / assetsi | 60.81 | 61.29 | 61.50 | 63.17 | 60.61 | 61.86 |
| LT debt / equityi | 321.62 | 330.92 | 389.20 | 359.63 | 549.76 | 616.91 |
| Interest coveragei | 2.11 | 1.90 | 0.53 | 1.70 | 1.87 | 1.72 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Hosting and related services100.00%
Region
People’s Republic of China (PRC)100.00%
Quote time 2026-10-08 06:35:06 · For reference only, not investment advice and not tailored to your situation.