VNET Group, Inc. logo VNET - VNET Group, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 10
HOLD 5
SELL 1
STRONG
SELL
0
| PRICE TARGET: $17.40 DETAILS
HIGH: $24.79
LOW: $12.50
MEDIAN: $16.15
CONSENSUS: $17.40
UPSIDE: 135.45%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Revenue
Revenue 9,678.2 8,259.1 7,412.9 7,189.3 6,189.8 4,829.0 3,789.0 3,401.0 3,392.7 3,641.8 3,634.4 2,876.4 1,966.7 1,524.2 1,020.9 525.2 313.6
Cost of Revenue 7,545.4 6,426.9 6,120.4 5,884.3 4,751.8 3,753.0 2,849.5 2,456.2 2,634.3 2,929.6 2,780.6 2,066.3 1,449.8 1,098.5 744.4 396.9 229.3
Gross Profit 2,132.8 1,832.2 1,292.5 1,305.0 1,438.0 1,076.0 939.4 944.9 758.4 712.1 853.8 810.1 516.9 425.7 276.6 128.3 84.3
Operating Expenses
R&D Expenses 254.0 246.6 322.2 306.8 188.5 112.9 88.8 92.1 149.1 149.3 142.8 121.7 77.8 63.9 34.7 19.9 7.6
SG&A Expenses 1,146.7 922.8 808.1 954.9 1,097.8 770.1 621.6 634.8 776.6 992.6 928.2 770.6 341.4 263.4 163.8 333.7 49.6
Other Expenses 0 (6.7) 2,133.1 (24.6) 130.5 76.4 46.8 (19.5) 1,201.2 410.4 67.0 32.5 55.9 (219.7) 63.2 7.5 0
Operating Expenses 1,400.7 1,162.7 3,263.4 1,242.8 1,416.7 959.4 757.2 707.4 2,126.9 1,552.3 1,138.0 924.8 475.1 107.6 261.7 361.2 57.2
Operating Income
Operating Income 732.0 669.4 (1,970.9) 62.2 21.3 116.6 182.2 237.5 (1,368.5) (840.2) (284.2) (114.7) 41.8 80.9 14.9 (232.8) 27.1
Interest Expense 582.3 401.0 312.2 273.3 334.9 380.6 346.0 236.1 185.3 198.6 274.2 232.0 136.8 11.4 4.4 2.8 0.4
Interest Income 36.3 28.0 41.8 31.6 31.9 31.7 54.6 45.2 32.9 21.1 53.5 67.9 48.5 16.3 14.9 0.6 0.8
Profitability
EBITDA 2,964.1 2,429.6 (366.6) 1,246.6 2,267.7 (1,212.2) 1,006.6 895.0 (209.2) (116.1) 454.6 327.5 301.7 233.4 153.0 (196.8) 56.5
EBIT 994.9 883.6 (2,173.9) (366.3) 1,000.1 (2,201.2) 234.4 260.4 (876.3) (780.1) (131.6) (79.1) 101.5 105.2 64.0 (230.3) 27.5
Income Before Tax 412.5 482.7 (2,482.8) (639.6) 626.5 (2,581.8) (175.8) (162.3) (1,007.8) (943.1) (353.4) (311.8) (36.7) 93.8 59.6 (233.1) 27.1
Income Tax Expense 542.3 234.2 114.4 135.8 111.4 109.3 5.4 24.4 (90.2) (11.2) 47.8 16.7 10.3 36.2 13.7 1.6 (32.9)
Net Income (249.8) 183.2 (2,643.8) (789.6) 500.1 (2,709.3) (182.3) (205.1) (772.7) (633.6) (428.1) (348.5) (48.2) 56.3 18.4 (255.4) (5.9)
Per Share Data
EPS (Basic) -0.90 0.66 -17.58 -5.16 3.42 -22.56 -1.20 -1.80 -6.90 -7.92 -5.22 -5.22 -0.78 0.96 0.42 -15.90 -0.50
EPS (Diluted) -0.90 0.66 -17.58 -5.16 3.30 -26.82 -1.20 -1.80 -6.90 -7.92 -5.22 -5.22 -0.78 0.96 0.36 -15.90 -0.50
Shares Outstanding 268.7 265.6 150.2 147.8 144.2 119.4 111.5 112.5 112.1 102.9 82.0 66.7 60.7 58.7 43.3 16.1 11.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Current Assets
Cash & Cash Equivalents 5,523.6 2,038.1 5,092.3 2,946.1 1,698.2 2,974.3 2,262.9 2,627.4 2,217.8 3,260.9 1,878.6 794.4 1,686.4 625.6 419.3 88.0 83.3
Short-Term Investments 379.2 0 356.4 0 0 285.2 360.0 245.4 555.3 277.9 104.8 898.0 1,124.9 223.3 903.8 0 0
Net Receivables 3,829.4 3,361.7 2,906.3 2,875.2 2,555.0 1,819.5 1,663.4 1,203.5 1,141.7 1,409.7 1,284.9 1,012.7 813.0 388.9 222.6 93.7 118.6
Inventory 0 0 0 0 0 0 0 1.8 0.7 4.4 13.5 9.9 0 0 0 0 0
Other Current Assets 752.0 150.1 114.2 155.5 122.7 81.1 17.2 40.0 31.0 85.4 70.1 44.1 28.5 8.6 4.9 2.1 3.0
Total Current Assets 11,451.9 6,819.7 9,812.2 6,951.1 5,317.9 6,042.3 5,172.3 4,684.5 4,295.2 5,201.8 3,478.7 2,825.1 3,679.7 1,266.3 1,567.2 2,171.8 213.9
Non-Current Assets
Property, Plant & Equipment 27,646.9 21,833.5 17,017.2 15,246.5 12,946.5 9,411.3 6,593.9 4,036.8 3,358.3 3,781.5 3,649.9 2,992.7 1,431.5 824.8 458.6 197.6 99.1
Goodwill 0 0 0 1,344.6 1,338.1 992.8 978.9 990.9 1,001.1 1,755.9 1,754.4 1,730.5 419.1 297.4 219.7 170.7 12.5
Intangible Assets 2,872.5 1,403.7 1,381.8 1,475.7 899.3 656.8 406.2 355.8 405.8 977.3 1,273.1 1,384.1 343.9 304.7 161.1 157.6 17.2
Long-Term Investments 1,062.7 844.2 758.0 239.2 106.3 291.1 257.3 616.8 520.3 332.4 397.1 341.2 332.6 279.9 8.3 0 0
Other Non-Current Assets 1,308.7 1,147.3 1,134.5 1,111.4 2,292.0 1,752.0 505.3 321.5 268.6 314.9 254.5 184.9 38.5 0 0 0 0
Total Non-Current Assets 33,142.3 25,535.3 20,538.9 19,610.7 17,750.0 13,288.9 8,948.8 6,481.5 5,728.9 7,219.4 7,375.8 6,675.5 2,580.1 1,718.0 860.5 533.3 133.3
Total Assets 44,594.2 32,355.0 30,351.1 26,561.9 23,067.9 19,331.2 14,121.0 11,166.0 10,024.2 12,421.1 10,854.4 9,500.6 6,259.8 2,984.4 2,427.8 2,705.1 347.2
Current Liabilities
Account Payables 741.9 709.2 695.4 703.4 492.9 288.8 299.9 390.0 255.9 529.6 482.2 380.5 192.2 109.8 87.6 54.4 42.7
Short-Term Debt 4,484.8 3,472.8 6,206.7 1,875.1 1,449.1 3,007.4 1,825.5 350.4 405.0 2,385.9 718.9 1,170.6 393.4 382.5 127.3 51.0 6.5
Deferred Revenue 1,123.7 1,466.5 1,698.8 1,235.1 1,096.3 1,102.4 1,114.3 728.8 464.4 521.4 341.8 342.4 0 0 0 0 0
Other Current Liabilities 395.5 3,153.5 2,311.1 1,959.2 1,803.6 1,476.7 956.8 487.3 458.0 666.0 1,033.4 839.5 447.2 272.8 226.0 91.5 256.6
Total Current Liabilities 12,447.2 9,342.8 11,424.0 6,241.3 5,173.9 6,108.5 4,421.2 2,194.2 1,796.1 4,373.7 2,819.4 2,945.8 1,083.5 812.2 467.3 211.2 315.8
Non-Current Liabilities
Long-Term Debt 16,718.3 9,664.5 6,875.6 8,781.3 6,474.3 3,892.5 2,117.3 2,152.8 2,130.4 268.2 2,201.5 2,390.6 2,107.4 63.2 0 0 0
Deferred Tax Liabilities 840.4 734.4 687.6 672.8 348.0 298.4 200.4 157.9 193.1 274.7 293.0 305.8 80.2 44.8 40.1 38.1 3.1
Other Non-Current Liabilities 118.7 107.8 286.8 85.9 77.5 814.7 740.3 511.9 16.7 28.7 41.8 296.8 98.9 98.9 152.9 132.3 0.9
Total Non-Current Liabilities 23,582.5 15,818.0 12,275.2 13,436.3 10,299.6 6,336.3 4,518.3 3,589.6 2,948.1 1,170.7 3,183.3 3,570.5 2,630.7 259.3 267.6 228.7 11.2
Total Liabilities 36,029.7 25,160.8 23,699.2 19,677.5 15,473.5 12,444.8 8,939.5 5,783.8 4,744.2 5,544.4 6,002.8 6,516.4 3,714.3 1,071.5 734.9 440.0 327.0
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings (11,125.6) (10,859.2) (11,003.7) (8,249.8) (7,581.5) (7,219.2) (3,995.2) (3,843.3) (3,671.8) (2,868.9) (2,232.0) (1,769.0) (1,459.3) (1,375.3) (1,432.8) (1,439.5) (1,068.2)
Accumulated Other Comprehensive Income 162.7 88.9 66.2 87.7 (365.1) 18.9 (208.9) (209.6) (305.2) 182.9 38.9 (13.3) (48.4) (31.6) (39.3) 15.7 11.1
Total Stockholders' Equity 6,218.4 6,365.5 6,007.5 6,514.8 7,233.7 6,550.5 4,900.1 5,101.2 5,108.7 6,125.0 4,011.5 2,171.0 2,510.5 1,875.5 1,669.6 2,139.0 3.2
Total Liabilities & Equity 44,594.2 32,355.0 30,351.1 26,561.9 23,067.9 19,331.2 14,121.0 11,166.0 10,024.2 12,421.1 10,854.4 9,500.6 6,259.8 2,984.4 2,427.8 2,705.1 347.2
Debt Metrics
Total Debt 28,168.2 18,448.6 17,507.5 14,552.6 11,323.2 8,230.6 5,403.0 3,270.3 3,143.2 3,190.8 3,499.0 4,065.5 2,845.0 498.2 202.0 109.3 13.6
Net Debt 22,644.6 16,410.5 12,415.3 11,606.5 9,625.0 5,256.4 3,140.1 642.9 925.5 (70.1) 1,620.3 3,271.1 1,158.6 (127.4) (217.3) 21.4 (69.7)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Operating Activities
Net Income (133.4) 248.4 (2,597.2) (762.0) 515.1 (2,680.3) (181.2) (186.7) (917.6) (931.9) (401.3) (328.5) (47.0) 57.7 45.9 (234.7) 60.0
Depreciation & Amortization 2,126.0 1,598.3 1,807.3 1,595.9 1,267.6 989.0 772.2 634.6 667.1 664.1 586.2 406.7 200.2 128.2 89.0 33.5 29.0
Stock-Based Compensation 25.8 148.6 35.3 118.2 320.0 136.8 43.9 59.5 47.1 118.7 190.0 233.7 67.8 67.6 42.0 277.9 0
Change in Working Capital (736.9) (309.3) (196.8) 594.1 (507.0) (509.7) (10.9) 14.9 45.7 (63.3) (89.3) (46.2) (187.9) (80.9) (23.3) 18.9 (19.3)
Other Non-Cash Items 575.5 319.4 3,058.0 1,038.2 (208.1) 2,800.9 148.2 202.5 688.1 362.0 (48.5) 88.4 51.1 10.7 31.0 (5.2) (61.9)
Operating Cash Flow 1,918.5 2,005.4 2,063.5 2,602.3 1,387.9 714.2 707.4 705.0 402.3 83.6 216.8 325.4 64.5 173.9 166.1 81.4 2.8
Investing Activities
Capital Expenditure (7,867.2) (5,128.4) (3,060.6) (3,052.9) (2,734.2) (2,503.4) (1,275.3) (453.1) (415.0) (612.5) (1,099.8) (858.7) (455.3) (580.6) (256.6) (59.3) (35.0)
Acquisitions 486.1 200 0.0 (38.7) (1,159.6) (1,560.3) (133.0) (9.6) (89.6) (56.3) (45.8) (1,445.7) (62.8) (67.1) (107.7) (47.6) 0
Purchases of Investments (1,732.3) (220.7) (1,020.6) (213) (69.6) (1,558.6) (646.7) (351.7) (918.1) (339.2) (1,695.4) (189.0) (1,148.8) (317.9) (1,658.5) 0 0
Sales/Maturities of Investments 1,114.5 556.3 144.5 0 347.6 399.5 331.2 493.3 484.9 123.6 2,496.8 443.0 219.1 939.3 747.1 0 0
Other Investing Activities (223.3) (2.5) (61.6) (254.7) (156.9) 1,333.6 111.9 16.2 238.4 43.3 (26.0) (211.4) (59.6) (149.3) 7.6 106.3 0.2
Investing Cash Flow (8,011.6) (4,390.7) (3,905.1) (3,559.3) (3,772.6) (3,889.2) (1,612.0) (304.8) (699.3) (841.0) (370.1) (2,261.8) (1,507.3) (175.7) (1,268.1) (0.6) (34.9)
Financing Activities
Net Debt Issuance 8,997.0 (535.2) 1,835.1 2,298.1 2,658.1 536.4 473.6 (259.3) (601.5) (464.0) (723.8) 1,256.1 1,901.5 307.8 65 35 28.8
Stock Repurchased (17.2) 0 0 0 (1,701.9) (130.5) (21.6) 0 (136.9) (81.7) 0 (213.7) (59.8) 0 (190.0) 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 1,241.1 (92.5) (23.4) (30.8) 11.3 27.9 9.0 196.7 (1,477.9) (1,793.5) 146.2 79.3 102.6 (283.9) 5.8 (104.5) 0
Financing Cash Flow 10,220.9 (627.7) 3,941.1 2,298.1 967.6 4,163.3 461.6 (19.9) (612.7) 209.5 1,115.0 1,121.7 2,477.6 24.0 1,443.9 (69.5) 28.8
Cash Position
Net Change in Cash 4,120.6 (3,017.9) 2,109.5 1,281.0 (1,408.0) 759.3 (303.8) 465.6 652.2 (387.6) 1,040.6 (814.4) 1,026.6 21.9 327.1 11.3 (3.3)
Cash at Beginning 2,081.1 5,099.0 2,989.5 1,708.5 3,116.4 2,357.2 2,661.0 2,195.5 1,297.4 1,685.1 644.4 1,458.9 432.3 410.4 83.3 72.0 75.3
Cash at End 6,201.7 2,081.1 5,099.0 2,989.5 1,708.5 3,116.4 2,357.2 2,661.0 1,949.6 1,297.4 1,685.1 644.4 1,458.9 432.3 410.4 83.3 72.0
Free Cash Flow (5,948.6) (3,123.0) (997.1) (450.6) (1,346.3) (1,789.2) (568.0) 251.9 (12.6) (528.9) (883.0) (533.3) (390.8) (406.7) (90.4) 22.0 (32.3)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Income Statement
Revenue 9,678.2 8,259.1 7,412.9 7,189.3 6,189.8 4,829.0 3,789.0 3,401.0 3,392.7 3,641.8 3,634.4 2,876.4 1,966.7 1,524.2 1,020.9 525.2 313.6
Gross Profit 2,132.8 1,832.2 1,292.5 1,305.0 1,438.0 1,076.0 939.4 944.9 758.4 712.1 853.8 810.1 516.9 425.7 276.6 128.3 84.3
Operating Income 732.0 669.4 (1,970.9) 62.2 21.3 116.6 182.2 237.5 (1,368.5) (840.2) (284.2) (114.7) 41.8 80.9 14.9 (232.8) 27.1
Net Income (249.8) 183.2 (2,643.8) (789.6) 500.1 (2,709.3) (182.3) (205.1) (772.7) (633.6) (428.1) (348.5) (48.2) 56.3 18.4 (255.4) (5.9)
EPS (Diluted) -0.90 0.66 -17.58 -5.16 3.30 -26.82 -1.20 -1.80 -6.90 -7.92 -5.22 -5.22 -0.78 0.96 0.36 -15.90 -0.50
Balance Sheet
Cash & Equivalents 5,523.6 2,038.1 5,092.3 2,946.1 1,698.2 2,974.3 2,262.9 2,627.4 2,217.8 3,260.9 1,878.6 794.4 1,686.4 625.6 419.3 88.0 83.3
Total Assets 44,594.2 32,355.0 30,351.1 26,561.9 23,067.9 19,331.2 14,121.0 11,166.0 10,024.2 12,421.1 10,854.4 9,500.6 6,259.8 2,984.4 2,427.8 2,705.1 347.2
Total Debt 28,168.2 18,448.6 17,507.5 14,552.6 11,323.2 8,230.6 5,403.0 3,270.3 3,143.2 3,190.8 3,499.0 4,065.5 2,845.0 498.2 202.0 109.3 13.6
Stockholders' Equity 6,218.4 6,365.5 6,007.5 6,514.8 7,233.7 6,550.5 4,900.1 5,101.2 5,108.7 6,125.0 4,011.5 2,171.0 2,510.5 1,875.5 1,669.6 2,139.0 3.2
Cash Flow
Operating Cash Flow 1,918.5 2,005.4 2,063.5 2,602.3 1,387.9 714.2 707.4 705.0 402.3 83.6 216.8 325.4 64.5 173.9 166.1 81.4 2.8
Capital Expenditure (7,867.2) (5,128.4) (3,060.6) (3,052.9) (2,734.2) (2,503.4) (1,275.3) (453.1) (415.0) (612.5) (1,099.8) (858.7) (455.3) (580.6) (256.6) (59.3) (35.0)
Free Cash Flow (5,948.6) (3,123.0) (997.1) (450.6) (1,346.3) (1,789.2) (568.0) 251.9 (12.6) (528.9) (883.0) (533.3) (390.8) (406.7) (90.4) 22.0 (32.3)