Free Trial
→ Trump’s Exec Order #14154 could be a “Millionaire-Maker” (From Paradigm Press) (Ad) Free VNET Stock Alerts

VNET Group (VNET) Financials

VNET Group logo
$7.95 +0.98 (+14.06%)
Closing price 07/11/2025 04:00 PM Eastern
Extended Trading
$7.95 0.00 (-0.01%)
As of 07/11/2025 08:00 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Compare
Annual Income Statements for VNET Group

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

Quarterly Income Statements for VNET Group

No quarterly income statements for VNET Group are available.

Annual Cash Flow Statements for VNET Group

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

Quarterly Cash Flow Statements for VNET Group

No quarterly cash flow statements for VNET Group are available.

Annual Balance Sheets for VNET Group

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

Quarterly Balance Sheets for VNET Group

No quarterly balance sheets for VNET Group are available.

Annual Metrics And Ratios for VNET Group

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

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

Quarterly Metrics And Ratios for VNET Group

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 VNET Group's forecast for analyst expectations on what’s next for the company.

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's 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%.


Related Companies

This page (NASDAQ:VNET) was last updated on 7/13/2025 by MarketBeat.com Staff
From Our Partners
INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off
Right now, we’re witnessing a monumental shift in the world.
Traders Agency | Sponsored
Market Panic: Trump Just Dropped a Bomb on Your Stocks
tock Market Panic: Trump Just Dropped a Bomb on Your Stocks The market is in freefall—and Trump's new tarif...
American Alternative | Sponsored
This Signal Only Flashes Once Every 4 Years – And It Just Triggered
This same signal has appeared twice before in the past 8 years — both times, it kicked off major moves in cryp...
Crypto Swap Profits | Sponsored
Presidential Bombshell: $150T Resource to Be Released as soon as this Summer?
Something extraordinary is happening in Washington. For the first time in over a century, a sitting Preside...
Paradigm Press | Sponsored
[No Brainer Gold Play]: “Show me a better investment.”
A Historic Gold Announcement Is About to Rock Wall Street? For months, sharp-eyed analysts have watched the...
Golden Portfolio | Sponsored
Trump’s treachery
Trump’s Final Reset Inside the shocking plot to re-engineer America’s financial system…and why you need to ...
Porter & Company | Sponsored
Google did what!?!?
A new technology has sparked a modern-day gold rush in Silicon Valley. OpenAI’s Sam Altman invested $375M. Bil...
Stansberry Research | Sponsored
Banks aren’t ready for this altcoin—are you?
Our expert analysts have identified a $100 billion gap in the crypto market. Only one project is perfectly ...
Crypto 101 Media | Sponsored