VNET - VNET Group, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$23.55
DETAILS
HIGH:
$23.55
LOW:
$23.55
MEDIAN:
$23.55
CONSENSUS:
$23.55
UPSIDE:
146.86%
| 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 | 2,701.3 | 2,215.5 | (366.6) | 1,675.1 | 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 | 732.0 | 669.4 | (2,173.9) | 62.2 | 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 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||
| Cash & Cash Equivalents | 6,183.5 | 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 | 83.3 |
| Short-Term Investments | 379.4 | 0 | 356.4 | 0 | 0 | 285.2 | 360.0 | 245.4 | 555.3 | 277.9 | 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 | 118.6 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.8 | 0.7 | 4.4 | 0 |
| Other Current Assets | 1,066.8 | 150.1 | 114.2 | 155.5 | 122.7 | 81.1 | 17.2 | 40.0 | 31.0 | 85.4 | 3.0 |
| Total Current Assets | 11,459.2 | 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 | 213.9 |
| Non-Current Assets | |||||||||||
| Property, Plant & Equipment | 27,664.5 | 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 | 99.1 |
| Goodwill | 0 | 0 | 0 | 1,344.6 | 1,338.1 | 992.8 | 978.9 | 990.9 | 1,001.1 | 1,755.9 | 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 | 17.2 |
| Long-Term Investments | 1,096.6 | 844.2 | 758.0 | 239.2 | 106.3 | 291.1 | 257.3 | 616.8 | 520.3 | 332.4 | 0 |
| Other Non-Current Assets | 1,278.0 | 1,147.3 | 1,134.5 | 1,111.4 | 2,292.0 | 1,752.0 | 505.3 | 321.5 | 268.6 | 314.9 | 0 |
| Total Non-Current Assets | 33,163.4 | 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 | 133.3 |
| Total Assets | 44,622.6 | 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 | 347.2 |
| Current Liabilities | |||||||||||
| Account Payables | 742.4 | 709.2 | 695.4 | 703.4 | 492.9 | 288.8 | 299.9 | 390.0 | 255.9 | 529.6 | 42.7 |
| Short-Term Debt | 4,554.9 | 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 | 6.5 |
| Deferred Revenue | 1,073.3 | 1,466.5 | 1,698.8 | 1,235.1 | 1,096.3 | 1,102.4 | 1,114.3 | 728.8 | 464.4 | 521.4 | 0 |
| Other Current Liabilities | 5,930.2 | 3,153.5 | 2,311.1 | 1,959.2 | 1,803.6 | 1,476.7 | 956.8 | 487.3 | 458.0 | 666.0 | 256.6 |
| Total Current Liabilities | 12,455.1 | 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 | 315.8 |
| Non-Current Liabilities | |||||||||||
| Long-Term Debt | 16,729.0 | 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 | 0 |
| Deferred Tax Liabilities | 959.7 | 734.4 | 687.6 | 672.8 | 348.0 | 298.4 | 200.4 | 157.9 | 193.1 | 274.7 | 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 | 0.9 |
| Total Non-Current Liabilities | 23,337.1 | 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 | 11.2 |
| Total Liabilities | 35,792.2 | 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 | 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 |
| Retained Earnings | (11,132.7) | (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) | (1,068.2) |
| Accumulated Other Comprehensive Income | 162.8 | 88.9 | 66.2 | 87.7 | (365.1) | 18.9 | (208.9) | (209.6) | (305.2) | 182.9 | 11.1 |
| Total Stockholders' Equity | 6,222.4 | 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 | 3.2 |
| Total Liabilities & Equity | 44,622.6 | 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 | 347.2 |
| Debt Metrics | |||||||||||
| Total Debt | 26,932.2 | 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 | 13.6 |
| Net Debt | 20,748.7 | 16,410.5 | 12,415.3 | 11,606.5 | 9,625.0 | 5,256.4 | 3,140.1 | 642.9 | 925.5 | (70.1) | (69.7) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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) |
| 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 |
| Stock-Based Compensation | 25.8 | 148.6 | 35.3 | 118.2 | 320.0 | 136.8 | 43.9 | 59.5 | 47.1 | 118.7 |
| Change in Working Capital | (736.9) | (309.3) | (196.8) | 594.1 | (507.0) | (509.7) | (10.9) | 14.9 | 45.7 | (63.3) |
| 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 |
| 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 |
| 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) |
| Acquisitions | 486.1 | 200 | 0.0 | (38.7) | (1,159.6) | (1,560.3) | (133.0) | (9.6) | (89.6) | (56.3) |
| 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) |
| Sales/Maturities of Investments | 1,114.5 | 556.3 | 144.5 | 0 | 347.6 | 399.5 | 331.2 | 493.3 | 484.9 | 123.6 |
| Other Investing Activities | (223.3) | (2.5) | (61.6) | (254.7) | (156.9) | 1,333.6 | 111.9 | 16.2 | 238.4 | 43.3 |
| 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) |
| 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) |
| Stock Repurchased | (17.2) | 0 | 0 | 0 | (1,701.9) | (130.5) | (21.6) | 0 | (136.9) | (81.7) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 1,241.1 | (92.5) | (23.4) | 0 | 11.3 | 27.9 | 9.0 | 196.7 | (1,477.9) | (1,793.5) |
| 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 |
| 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) |
| 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 |
| 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 |
| 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) |
| 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 | 6,183.5 | 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 | 83.3 | ||||||
| Total Assets | 44,622.6 | 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 | 347.2 | ||||||
| Total Debt | 26,932.2 | 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 | 13.6 | ||||||
| Stockholders' Equity | 6,222.4 | 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 | 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 | |||||||
| 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) | |||||||
| 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) | |||||||