VNET Group (VNET) Financials

$6.48 +0.26 (+4.18%)

Closing price 04:00 PM Eastern

Extended Trading

$6.42 -0.06 (-0.85%)

As of 07:59 PM Eastern

Annual Income Statements for VNET Group

This table shows VNET Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	25	-372	-113	78	-417	-26	-30	-119	-91	28	-56
Consolidated Net Income / (Loss)	34	-366	-110	81	-412	-26	-27	-141	-134	-61	-53
Net Income / (Loss) Continuing Operations	34	-366	-110	81	-412	-26	-27	-141	-134	32	-54
Total Pre-Tax Income	65	-350	-91	104	-397	-18	3.54	-163	-140	-62	-50
Total Operating Income	92	-278	18	3.34	18	26	35	-210	-120	-43	-18
Total Gross Profit	251	182	197	226	165	135	138	116	102	130	130
Total Revenue	1,131	1,044	1,024	971	743	544	495	521	522	914	463
Operating Revenue	1,131	1,044	1,024	971	743	544	495	521	522	914	463
Total Cost of Revenue	895	914	833	749	578	409	357	404	420	691	334
Operating Cost of Revenue	880	862	827	746	577	409	357	-	420	691	332
Other Cost of Revenue	15	52	5.13	2.89	0.37	0.22	-0.09	-	-	-	-
Total Operating Expenses	145	408	174	219	147	101	103	326	223	173	149
Selling, General & Admin Expense	90	76	93	132	82	60	67	80	92	87	78
Marketing Expense	36	37	45	40	36	30	25	39	51	55	46
Research & Development Expense	34	45	44	30	17	13	13	23	21	22	20
Other Operating Expenses / (Income)	-16	-15	-8.70	0.00	-1.17	-0.99	-0.73	4.91	16	3.60	1.59
Impairment Charge	0.00	264	0.00	18	13	0.00	0.00	179	56	0.00	0.00
Total Other Income / (Expense), net	-27	-73	-109	101	-415	-52	-31	47	-20	-19	-32
Interest Expense	21	44	40	53	59	52	34	28	33	42	44
Interest & Investment Income	3.83	4.31	4.58	4.46	2.87	7.84	6.58	1.94	3.02	8.14	11
Other Income / (Expense), net	-9.30	-33	-74	149	-359	-7.09	-3.24	74	9.87	15	1.49
Income Tax Expense	32	16	19	17	17	0.78	3.55	-14	-1.60	7.28	2.68
Other Gains / (Losses), net	1.09	0.46	0.28	-6.07	1.67	-7.26	-27	8.25	5.11	7.97	-
Net Income / (Loss) Attributable to Noncontrolling Interest	8.94	6.57	2.02	2.35	4.47	0.15	2.67	-22	-43	4.08	3.22
Basic Earnings per Share	$0.02	($2.93)	($0.87)	$0.57	($4.47)	($0.27)	($0.30)	($1.36)	($1.37)	($0.85)	($0.89)
Weighted Average Basic Shares Outstanding	1.59B	901.14M	886.82M	865.35M	716.89M	668.83M	674.73M	672.84M	617.17M	492.07M	401.34M
Diluted Earnings per Share	$0.00	($2.93)	($0.87)	($0.36)	($4.47)	($0.27)	($0.30)	($1.36)	($1.37)	($0.85)	($0.89)
Weighted Average Diluted Shares Outstanding	1.74B	901.14M	886.82M	911.59M	716.89M	668.83M	674.73M	672.84M	617.17M	492.07M	401.34M
Weighted Average Basic & Diluted Shares Outstanding	1.61B	1.54B	890.71M	888.14M	817.96M	679.96M	674.36M	671.29M	679.86M	522.51M	396.23M

No quarterly income statements for VNET Group are available.

This table details how cash moves in and out of VNET Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	-413	297	171	-221	152	-44	68	-169	184	158	-131
Net Cash From Operating Activities	275	291	354	218	110	115	103	75	8.25	33	52
Net Cash From Continuing Operating Activities	275	291	354	218	110	115	103	75	8.25	33	52
Net Income / (Loss) Continuing Operations	34	-366	-110	81	-412	-26	-27	-141	-134	-61	-53
Consolidated Net Income / (Loss)	34	-366	-110	81	-412	-26	-27	-141	-134	-61	-53
Depreciation Expense	219	255	231	199	152	111	92	102	69	61	45
Non-Cash Adjustments To Reconcile Net Income	7.11	346	139	-40	446	34	46	150	89	30	68
Changes in Operating Assets and Liabilities, net	15	56	94	-21	-76	-3.57	-8.76	-37	-42	-25	-28
Net Cash From Investing Activities	-602	-550	-516	-592	-598	-231	-44	-128	-121	-56	-364
Net Cash From Continuing Investing Activities	-602	-550	-516	-592	-598	-231	-44	-128	-121	-56	-364
Purchase of Property, Plant & Equipment	-685	-424	-441	-437	-380	-183	-63	-61	-82	-160	-129
Acquisitions	-18	-7.17	-14	-193	-262	-37	-4.49	-6.75	-14	-7.23	-242
Purchase of Investments	-39	-160	-31	-23	-60	-74	-51	-141	-49	-258	-81
Sale of Property, Plant & Equipment	38	4.47	0.89	1.60	0.27	0.36	2.25	0.88	0.01	0.26	2.68
Divestitures	0.00	1.79	0.04	0.00	0.89	0.00	0.49	-12	0.00	0.00	-
Sale and/or Maturity of Investments	76	20	0.00	55	83	57	72	75	18	380	78
Other Investing Activities, net	26	14	-31	4.79	20	4.31	0.06	17	6.21	-11	8.04
Net Cash From Financing Activities	-86	555	333	152	640	66	-2.90	-94	274	170	180
Net Cash From Continuing Financing Activities	-86	555	333	152	640	66	-2.90	-94	274	170	180
Repayment of Debt	-837	-164	-65	-377	-227	-217	-28	-353	-319	-167	-223
Repurchase of Preferred Equity	0.00	1.03	0.00	0.00	-	-1.40	6.22	0.00	-5.60	0.00	0.00
Repurchase of Common Equity	-4.90	-0.26	0.00	-267	-22	-1.70	0.00	-21	-20	-1.22	-34
Payment of Dividends	-3.60	-1.61	0.00	-0.04	0.00	0.00	-	-	-	-	-
Issuance of Debt	778	453	431	885	368	333	17	315	278	59	398
Issuance of Common Equity	2.19	299	0.00	1.74	416	1.31	29	21	366	275	0.00
Other Financing Activities, net	-20	-31	-33	-91	-57	-48	-27	-56	-25	3.58	40
Cash Interest Paid	59	35	32	41	44	31	23	15	22	37	37
Cash Income Taxes Paid	29	21	23	13	16	5.98	8.36	8.45	7.22	9.56	5.27

No quarterly cash flow statements for VNET Group are available.

This table presents VNET Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	4,433	4,280	3,907	3,624	2,980	2,049	1,623	1,520	1,781	1,652	1,550
Total Current Assets	934	1,384	1,022	835	931	751	681	651	740	528	461
Cash & Equivalents	204	316	386	215	417	260	343	299	186	257	104
Restricted Cash	75	402	48	51	42	69	39	37	282	30	26
Short-Term Investments	0.00	50	0.00	-	44	52	36	84	40	16	147
Note & Lease Receivable	227	242	256	221	130	94	76	70	94	106	119
Accounts Receivable	46	39	22	26	12	43	18	18	26	16	8.82
Prepaid Expenses	382	335	311	322	287	232	169	143	111	98	50
Plant, Property, & Equipment, net	2,359	1,834	1,735	1,584	1,247	782	587	509	542	556	488
Total Noncurrent Assets	1,139	1,062	1,150	1,205	802	517	355	360	499	567	601
Long-Term Investments	109	107	35	15	21	24	79	78	43	31	20
Intangible Assets	192	195	217	141	101	59	52	62	140	194	226
Noncurrent Deferred & Refundable Income Taxes	42	35	28	26	29	30	23	27	14	7.14	6.85
Other Noncurrent Operating Assets	790	725	672	810	474	249	47	38	45	38	30
Other Noncurrent Nonoperating Assets	5.87	0.12	0.07	1.29	21	10	5.42	0.51	4.81	20	20
Total Liabilities & Shareholders' Equity	4,433	4,280	3,907	3,624	2,980	2,049	1,623	1,520	1,781	1,652	1,550
Total Liabilities	3,485	3,362	2,895	2,431	1,919	1,298	842	722	799	917	1,068
Total Current Liabilities	1,280	1,611	918	813	942	642	319	271	627	429	481
Short-Term Debt	275	699	246	60	332	169	18	49	282	69	191
Accounts Payable	97	98	103	79	52	67	64	47	93	134	115
Accrued Expenses	496	392	349	361	251	141	96	101	113	97	96
Current Deferred Revenue	202	241	182	173	170	162	107	71	75	81	73
Current Deferred & Payable Income Tax Liabilities	9.53	4.96	6.09	6.87	4.46	6.90	1.91	2.04	3.14	7.61	6.06
Other Current Liabilities	201	176	31	134	132	95	32	-	60	40	0.00
Total Noncurrent Liabilities	2,205	1,725	1,977	1,618	977	657	523	452	172	488	587
Long-Term Debt	1,324	970	1,292	1,017	600	11	16	29	38	16	9.92
Capital Lease Obligations	728	624	573	534	205	212	111	92	77	88	82
Noncurrent Deferred & Payable Income Tax Liabilities	115	111	112	67	57	29	24	32	44	47	53
Other Noncurrent Operating Liabilities	38	20	0.39	0.36	0.63	297	298	299	3.71	322	385
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	948	918	1,012	1,193	1,061	751	781	798	882	614	358
Total Preferred & Common Equity	872	847	958	1,136	1,010	711	741	775	878	611	354
Total Common Equity	872	847	958	1,136	849	711	741	775	878	611	354
Common Stock	2,370	2,435	2,210	2,385	2,012	1,321	1,331	1,378	1,293	975	679
Retained Earnings	-1,488	-1,552	-1,214	-1,191	-1,113	-580	-559	-557	-411	-340	-289
Treasury Stock	-22	-46	-51	-55	-54	-50	-49	-52	-29	-29	-34
Accumulated Other Comprehensive Income / (Loss)	-2.54	-2.02	1.60	-14	-8.54	11	13	-0.41	17	-3.69	-11
Other Equity Adjustments	15	11	11	12	11	8.68	6.17	5.94	9.27	9.62	8.40
Noncontrolling Interest	76	70	54	56	51	40	39	23	3.70	2.96	3.86

No quarterly balance sheets for VNET Group are available.

This table displays calculated financial ratios and metrics derived from VNET Group's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.37%	1.93%	5.46%	30.78%	36.53%	9.89%	-4.91%	-0.31%	-42.87%	97.62%	42.50%
EBITDA Growth	638.69%	-131.96%	-50.19%	285.61%	-245.69%	5.06%	463.35%	-121.23%	-125.20%	26.07%	15.93%
EBIT Growth	126.54%	-450.93%	-136.96%	144.66%	-1,890.07%	-39.11%	122.96%	-23.32%	-292.47%	-66.24%	-293.95%
NOPAT Growth	123.91%	-1,680.30%	341.60%	-77.82%	-31.46%	13,807.08%	99.91%	-74.31%	-178.40%	-134.64%	-367.52%
Net Income Growth	109.30%	-231.11%	-236.68%	119.61%	-1,484.15%	4.26%	80.70%	-5.37%	-118.73%	-15.67%	-580.88%
EPS Growth	100.65%	-236.78%	-141.67%	91.95%	-1,555.56%	10.00%	77.94%	0.73%	-61.18%	4.49%	-584.62%
Operating Cash Flow Growth	-5.47%	-17.85%	62.45%	98.26%	-4.71%	12.35%	37.25%	805.64%	-75.00%	-36.90%	391.24%
Free Cash Flow Firm Growth	-578.06%	181.47%	83.81%	18.60%	-188.11%	-997.92%	-113.94%	159.79%	-266.40%	443.17%	-11.60%
Invested Capital Growth	21.98%	-11.04%	5.30%	42.52%	111.65%	67.85%	6.18%	-43.14%	47.30%	13.14%	38.76%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.18%	17.44%	19.22%	23.23%	22.28%	24.79%	27.78%	22.35%	19.55%	37.71%	28.16%
EBITDA Margin	26.63%	-5.36%	17.09%	36.18%	-25.49%	23.89%	24.99%	-6.54%	-2.95%	6.68%	10.47%
Operating Margin	8.11%	-26.59%	1.71%	0.34%	2.41%	4.81%	6.98%	-40.34%	-23.07%	-9.47%	-3.99%
EBIT Margin	7.28%	-29.74%	-5.50%	15.70%	-45.97%	3.51%	6.33%	-26.20%	-21.18%	-3.08%	-3.67%
Profit (Net Income) Margin	3.01%	-35.04%	-10.79%	8.32%	-55.50%	-4.78%	-5.49%	-27.05%	-25.59%	-6.68%	-11.42%
Tax Burden Percent	52.33%	104.47%	120.86%	77.44%	103.81%	144.70%	-767.92%	86.44%	95.22%	303.26%	105.57%
Interest Burden Percent	78.91%	112.77%	162.19%	68.45%	116.30%	-94.29%	11.30%	119.42%	126.88%	219.22%	295.09%
Effective Tax Rate	49.34%	0.00%	0.00%	16.75%	0.00%	0.00%	100.39%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	1.77%	-7.75%	0.48%	0.13%	0.96%	2.75%	-0.03%	-22.73%	-12.18%	-11.49%	-3.03%
ROIC Less NNEP Spread (ROIC-NNEP)	1.04%	-18.86%	-7.79%	7.80%	-106.25%	47.49%	8.81%	-25.27%	17.48%	32.20%	198.80%
Return on Net Nonoperating Assets (RNNOA)	1.88%	-30.16%	-10.50%	7.04%	-46.46%	-6.14%	-3.42%	6.91%	-3.38%	-4.30%	-8.82%
Return on Equity (ROE)	3.65%	-37.91%	-10.02%	7.17%	-45.50%	-3.40%	-3.44%	-15.82%	-15.57%	-10.04%	-11.86%
Cash Return on Invested Capital (CROIC)	-18.03%	3.94%	-4.69%	-34.93%	-70.69%	-47.92%	-6.02%	32.28%	-50.44%	-18.07%	-35.50%
Operating Return on Assets (OROA)	1.89%	-7.59%	-1.50%	4.62%	-13.58%	1.04%	1.99%	-8.26%	-6.44%	-1.76%	-1.32%
Return on Assets (ROA)	0.78%	-8.94%	-2.93%	2.45%	-16.39%	-1.42%	-1.73%	-8.53%	-7.79%	-3.82%	-4.12%
Return on Common Equity (ROCE)	3.36%	-35.47%	-9.52%	6.32%	-39.17%	-3.22%	-3.31%	-14.69%	-13.51%	-7.96%	-20.23%
Return on Equity Simple (ROE_SIMPLE)	3.90%	-43.18%	-11.53%	7.11%	-40.83%	-3.66%	-3.67%	-18.17%	-15.21%	-19.99%	-14.91%
Net Operating Profit after Tax (NOPAT)	46	-194	12	2.78	13	18	-0.13	-147	-84	-30	-13
NOPAT Margin	4.11%	-18.61%	1.20%	0.29%	1.69%	3.37%	-0.03%	-28.24%	-16.15%	-3.31%	-2.79%
Net Nonoperating Expense Percent (NNEP)	0.74%	11.11%	8.27%	-7.67%	107.21%	-44.74%	-8.84%	2.54%	-29.66%	-37.95%	-201.83%
Return On Investment Capital (ROIC_SIMPLE)	1.42%	-	-	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	79.12%	87.54%	81.28%	77.07%	77.77%	75.25%	72.20%	77.65%	80.45%	75.61%	72.18%
SG&A Expenses to Revenue	7.98%	7.31%	9.10%	13.61%	11.08%	10.96%	13.60%	15.33%	17.56%	9.47%	16.81%
R&D to Revenue	2.99%	4.35%	4.34%	3.05%	2.34%	2.34%	2.71%	4.40%	4.10%	2.38%	4.23%
Operating Expenses to Revenue	12.77%	39.05%	17.01%	22.59%	19.82%	18.57%	20.82%	62.69%	42.63%	18.96%	32.15%
Earnings before Interest and Taxes (EBIT)	82	-311	-56	152	-341	19	31	-136	-111	-28	-17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	301	-56	175	351	-189	130	124	-34	-15	61	48
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.40	0.50	0.88	1.08	4.63	1.15	1.30	1.17	0.70	2.28	2.90
Price to Tangible Book Value (P/TBV)	1.79	0.65	1.54	1.57	6.61	1.60	1.77	1.61	1.26	78.69	0.00
Price to Revenue (P/Rev)	1.08	0.41	0.82	1.27	5.29	1.50	1.95	1.74	1.17	1.53	2.22
Price to Earnings (P/E)	48.61	0.00	0.00	15.69	0.00	0.00	0.00	0.00	0.00	50.28	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.06%	0.00%	0.00%	6.37%	0.00%	0.00%	0.00%	0.00%	0.00%	1.99%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.12	0.81	0.96	1.04	2.69	1.01	1.32	1.28	0.68	2.43	2.31
Enterprise Value to Revenue (EV/Rev)	2.86	1.83	2.48	2.69	6.41	1.55	1.32	1.15	1.08	1.49	2.47
Enterprise Value to EBITDA (EV/EBITDA)	10.73	0.00	14.49	7.45	0.00	6.48	5.30	0.00	0.00	22.27	154.14
Enterprise Value to EBIT (EV/EBIT)	39.26	0.00	0.00	17.16	0.00	44.16	20.91	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	69.63	0.00	206.20	939.75	378.95	45.99	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	11.78	6.58	7.17	12.01	43.31	7.31	6.38	8.01	68.04	41.20	21.82
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	19.36	0.00	0.00	0.00	0.00	0.00	2.87	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.45	2.50	2.09	1.35	1.07	0.52	0.19	0.21	0.40	0.00	0.59
Long-Term Debt to Equity	2.16	1.74	1.84	1.30	0.76	0.30	0.16	0.15	0.12	0.14	0.19
Financial Leverage	1.81	1.60	1.35	0.90	0.44	-0.13	-0.39	-0.27	-0.19	-0.13	-0.04
Leverage Ratio	4.67	4.24	3.42	2.93	2.78	2.40	1.99	1.85	2.00	2.63	2.88
Compound Leverage Factor	3.69	4.78	5.54	2.01	3.23	-2.26	0.23	2.21	2.54	5.77	8.49
Debt to Total Capital	71.05%	71.42%	67.59%	57.47%	51.73%	34.32%	15.76%	17.59%	28.80%	19.08%	36.98%
Short-Term Debt to Total Capital	8.40%	21.77%	7.87%	2.15%	15.10%	14.79%	1.97%	5.10%	20.44%	7.64%	24.94%
Long-Term Debt to Total Capital	62.65%	49.64%	59.71%	55.32%	36.63%	19.53%	13.79%	12.49%	8.36%	11.45%	24.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	7.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.32%	2.19%	1.73%	2.01%	2.33%	3.50%	4.22%	2.40%	7.54%	13.58%	33.51%
Common Equity to Total Capital	26.63%	26.39%	30.69%	40.53%	38.61%	62.18%	80.02%	80.01%	63.65%	67.34%	46.26%
Debt to EBITDA	7.72	-40.98	12.06	4.59	-6.01	3.02	1.18	-5.00	-25.83	2.84	5.85
Net Debt to EBITDA	6.43	-25.33	9.38	3.78	-3.24	-0.10	-2.84	9.65	9.94	-2.61	-0.27
Long-Term Debt to EBITDA	6.81	-28.48	10.65	4.41	-4.25	1.72	1.03	-3.55	-7.50	1.70	3.81
Debt to NOPAT	50.09	-11.80	171.66	578.78	90.57	21.43	-1,092.88	-1.16	-4.71	-5.72	-21.93
Net Debt to NOPAT	41.74	-7.29	133.56	477.42	48.89	-0.68	2,625.05	2.24	1.81	5.26	2.06
Long-Term Debt to NOPAT	44.16	-8.20	151.66	557.13	64.13	12.19	-956.41	-0.82	-1.37	-3.43	-7.14
Altman Z-Score	-0.04	-0.49	-0.01	0.26	0.57	0.34	0.84	0.59	0.30	1.19	4.04
Noncontrolling Interest Sharing Ratio	7.85%	6.45%	5.00%	11.92%	13.92%	5.17%	3.95%	7.15%	13.24%	41.34%	14.70%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.73	0.86	1.11	1.03	0.99	1.17	2.13	2.41	1.18	1.23	0.96
Quick Ratio	0.37	0.40	0.72	0.57	0.64	0.70	1.48	1.74	0.55	0.92	1.57
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-473	99	-121	-749	-921	-320	-29	209	-349	-95	-151
Operating Cash Flow to CapEx	42.47%	69.29%	80.34%	50.04%	28.90%	63.18%	167.93%	124.83%	10.02%	41.28%	83.01%
Free Cash Flow to Firm to Interest Expense	-22.28	2.25	-3.06	-14.26	-15.72	-6.10	-0.85	7.34	-10.66	-2.28	-3.44
Operating Cash Flow to Interest Expense	12.95	6.61	8.93	4.14	1.88	2.20	2.99	2.63	0.25	0.79	1.19
Operating Cash Flow Less CapEx to Interest Expense	-17.55	-2.93	-2.18	-4.14	-4.62	-1.28	1.21	0.52	-2.26	-3.04	-3.35
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.26	0.26	0.27	0.29	0.30	0.30	0.32	0.32	0.30	0.57	0.36
Accounts Receivable Turnover	26.58	34.18	42.32	51.16	27.04	17.67	27.66	23.82	24.75	73.63	46.34
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,086.17	311.56	375.73	0.00
Fixed Asset Turnover	0.54	0.59	0.62	0.69	0.73	0.80	0.90	0.99	0.95	1.75	1.29
Accounts Payable Turnover	9.17	9.07	9.13	11.41	9.64	6.21	6.40	5.74	3.69	5.56	3.93
Days Sales Outstanding (DSO)	13.73	10.68	8.62	7.13	13.50	20.66	13.19	15.33	14.75	4.96	7.88
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.34	1.17	2.56	0.00
Days Payable Outstanding (DPO)	39.80	40.24	39.96	31.98	37.87	58.76	57.01	63.55	98.80	65.66	92.97
Cash Conversion Cycle (CCC)	-26.07	-29.56	-31.33	-24.85	-24.37	-38.11	-43.82	-47.89	-82.89	-119.46	-85.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,880	2,361	2,654	2,521	1,769	836	498	469	825	560	495
Invested Capital Turnover	0.43	0.42	0.40	0.45	0.57	0.82	1.02	0.80	0.75	1.73	1.09
Increase / (Decrease) in Invested Capital	519	-293	134	752	933	338	29	-356	265	65	138
Enterprise Value (EV)	3,235	1,914	2,536	2,617	4,757	842	655	599	562	1,360	1,142
Market Capitalization	1,220	426	839	1,231	3,931	815	967	904	610	1,396	1,027
Book Value per Share	$0.56	$0.95	$1.08	$1.39	$1.25	$1.05	$1.10	$1.14	$1.68	$1.54	$0.89
Tangible Book Value per Share	$0.44	$0.73	$0.61	$0.96	$0.87	$0.76	$0.81	$0.83	$0.93	$0.38	($0.39)
Total Capital	3,275	3,210	3,123	2,804	2,198	1,144	927	968	1,380	908	766
Total Debt	2,327	2,292	2,111	1,612	1,137	392	146	170	397	173	283
Total Long-Term Debt	2,052	1,594	1,865	1,551	805	223	128	121	115	104	92
Net Debt	1,939	1,417	1,642	1,329	614	-13	-351	-329	-153	-159	-13
Capital Expenditures (CapEx)	647	419	440	435	380	182	61	60	82	160	126
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-350	-297	-83	-184	-181	-102	-37	9.51	-113	-134	-105
Debt-free Net Working Capital (DFNWC)	-70	472	350	83	322	278	380	430	395	168	171
Net Working Capital (NWC)	-346	-227	104	23	-10	109	362	381	113	99	-20
Net Nonoperating Expense (NNE)	12	171	123	-78	425	44	27	-6.19	49	31	40
Net Nonoperating Obligations (NNO)	1,932	1,444	1,642	1,328	708	85	-283	-329	-158	-175	12
Total Depreciation and Amortization (D&A)	219	255	231	199	152	111	92	102	95	89	65
Debt-free, Cash-free Net Working Capital to Revenue	-30.90%	-28.42%	-8.11%	-18.93%	-24.33%	-18.84%	-7.54%	1.83%	-21.62%	-14.65%	-22.67%
Debt-free Net Working Capital to Revenue	-6.22%	45.17%	34.20%	8.53%	43.31%	51.13%	76.81%	82.62%	75.55%	48.73%	74.07%
Net Working Capital to Revenue	-30.55%	-21.77%	10.19%	2.33%	-1.37%	20.04%	73.12%	73.14%	21.55%	10.79%	-4.26%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.02	($2.93)	($0.13)	$0.09	($0.69)	($0.04)	($0.04)	($0.21)	($0.20)	($0.13)	($0.14)
Adjusted Weighted Average Basic Shares Outstanding	1.59B	901.14M	886.82M	865.35M	716.89M	668.83M	674.73M	672.84M	617.17M	492.07M	401.34M
Adjusted Diluted Earnings per Share	$0.00	($2.93)	($0.13)	($0.06)	($0.69)	($0.04)	($0.04)	($0.21)	($0.20)	($0.13)	($0.14)
Adjusted Weighted Average Diluted Shares Outstanding	1.74B	901.14M	886.82M	911.59M	716.89M	668.83M	674.73M	672.84M	617.17M	492.07M	401.34M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.61B	1.54B	890.71M	888.14M	817.96M	679.96M	674.36M	671.29M	679.86M	522.51M	396.23M
Normalized Net Operating Profit after Tax (NOPAT)	46	-9.86	12	17	21	18	23	-21	-54	-26	-10
Normalized NOPAT Margin	4.11%	-0.94%	1.20%	1.79%	2.87%	3.37%	4.60%	-4.11%	-10.39%	-2.81%	-2.24%
Pre Tax Income Margin	5.75%	-33.54%	-8.92%	10.75%	-53.46%	-3.31%	0.72%	-31.29%	-26.88%	-13.52%	-10.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.89	-7.06	-1.42	2.90	-5.83	0.36	0.91	-4.80	-3.38	-1.35	-0.39
NOPAT to Interest Expense	2.19	-4.42	0.31	0.05	0.21	0.35	0.00	-5.17	-2.57	-0.73	-0.29
EBIT Less CapEx to Interest Expense	-26.62	-16.60	-12.54	-5.38	-12.33	-3.12	-0.87	-6.90	-5.89	-9.01	-3.25
NOPAT Less CapEx to Interest Expense	-28.31	-13.96	-10.80	-8.23	-6.28	-3.13	-1.78	-7.28	-5.09	-4.56	-3.16
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	10.58%	-0.44%	0.00%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	24.98%	-0.51%	0.00%	330.44%	-5.22%	-6.53%	0.00%	-14.92%	-15.31%	-1.99%	-65.05%

No quarterly metrics and ratios for VNET Group are available.

Frequently Asked Questions About VNET Group's Financials

When does VNET Group's financial year end?

According to the most recent income statement we have on file, VNET Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has VNET Group's net income changed over the last 10 years?

VNET Group's net income appears to be on an upward trend, with a most recent value of $34.03 million in 2024, falling from -$52.82 million in 2014. The previous period was -$365.80 million in 2023. See where experts think VNET Group is headed by visiting VNET Group's forecast page.

What is VNET Group's operating income?

VNET Group's total operating income in 2024 was $91.71 million, based on the following breakdown:

Total Gross Profit: $251.00 million
Total Operating Expenses: $144.51 million

How has VNET Group revenue changed over the last 10 years?

Over the last 10 years, VNET Group's total revenue changed from $462.51 million in 2014 to $1.13 billion in 2024, a change of 144.6%.

How much debt does VNET Group have?

VNET Group's total liabilities were at $3.48 billion at the end of 2024, a 3.6% increase from 2023, and a 226.4% increase since 2014.

How much cash does VNET Group have?

In the past 10 years, VNET Group's cash and equivalents has ranged from $103.62 million in 2014 to $416.87 million in 2020, and is currently $204.46 million as of their latest financial filing in 2024.

How has VNET Group's book value per share changed over the last 10 years?

Over the last 10 years, VNET Group's book value per share changed from 0.89 in 2014 to 0.56 in 2024, a change of -36.5%.

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This page (NASDAQ:VNET) was last updated on 5/21/2025 by MarketBeat.com Staff

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VNET Group (VNET) Financials

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VNET Group (VNET) Financials

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