VNET Group Historical Financial Statements

Stocks . USA . 
Stock . VNET Group DRC
VNET Stock  USD 8.82  -0.54  -5.77%   
Reviewing VNET Group's quarterly and annual reports supports assessment of management's capital allocation decisions and long-term strategic positioning. Key valuation metrics are highlighted below:
 Gross Profit
2.2 B
 Profit Margin
-0.03
 Market Capitalization
2.5 B
 Enterprise Value Revenue
3.8551
 Revenue
9.9 B
VNET Group DRC reports one hundred twenty trackable fundamental signals that investors can benchmark against peers in the industry. Traders should compare all of VNET Group's prevailing fundamentals against the fundamentals between 2010 and 2026 to make sure the company is sustainable this year. As of March 21st, 2026, Market Cap is estimated to rise to approximately 16.7 B. Also, Enterprise Value is estimated to rise to approximately 38.5 B.
Market-adjusted estimates suggest Total Revenue is likely to increase significantly. Total Revenue was last measured at 9.68 Billion. Gross Profit is projected to change by approximately 4.76% year over year. Last year, VNET Group recorded Gross Profit of 2.13 Billion. As of March 21st, 2026, Pretax Profit Margin is estimated to rise to 0.04, whereas Net Loss is moving lower toward -0.03 .

VNET Group Total Revenue

10.16 Billion
Among reported data for VNET Group, Depreciation And Amortization of 2.1 B, Interest Expense of 611.4 M or Selling General Administrative of 484.1 M provide structural context. Core ratios including Price To Sales Ratio of 2.63, Dividend Yield of 0.0 or PTB Ratio of 2.43 support financial analysis. VNET Group Valuation and Volatility perspectives extend the analytical context.
  
Build portfolio with VNET Stock
Competitor context for VNET Group is detailed in VNET Group Correlation. This adds peer-relative context for the stock.

Balance Sheet Accounts

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets46.9 B44.6 B17.8 B
Slightly volatile
Short and Long Term Debt Total28.3 B26.9 B8.9 B
Slightly volatile
Other Current Liabilities6.4 B6.1 B1.9 B
Slightly volatile
Total Current Liabilities13.1 B12.5 B5 B
Slightly volatile
Total Stockholder Equity4.8 B6.2 B4.5 B
Slightly volatile
Property Plant And Equipment Net29 B27.7 B9.4 B
Slightly volatile
Current Deferred Revenue730.9 M1.1 B706.4 M
Slightly volatile
Accounts Payable417.8 M742.4 M401.2 M
Slightly volatile
Cash6.5 B6.2 B2.5 B
Slightly volatile
Non Current Assets Total34.8 B33.2 B12.5 B
Slightly volatile
Cash And Short Term Investments6.9 B6.6 B2.9 B
Slightly volatile
Net Receivables1.7 B2.7 B1.6 B
Slightly volatile
Common Stock Total Equity38.9 K64.4 K41.7 K
Slightly volatile
Common Stock Shares Outstanding282.1 M268.7 M128.4 M
Slightly volatile
Liabilities And Stockholders Equity46.9 B44.6 B17.8 B
Slightly volatile
Non Current Liabilities Total24.5 B23.3 B7.5 B
Slightly volatile
Other Current Assets2.4 B2.2 B775.2 M
Slightly volatile
Other Stockholder Equity9.9 B17.2 B9.4 B
Slightly volatile
Total Liabilities37.6 B35.8 B12.5 B
Slightly volatile
Property Plant And Equipment Gross36.6 B34.9 B11.3 B
Slightly volatile
Total Current Assets12 B11.5 B5.3 B
Slightly volatile
Short Term Debt4.8 B4.6 B1.9 B
Slightly volatile
Intangible Assets1.7 B1.6 B868 M
Slightly volatile
Common Stock117.7 K112.1 K55.5 K
Slightly volatile
Other Liabilities932.7 M888.3 M476.9 M
Slightly volatile
Other Assets571.7 M860.4 M569.7 M
Slightly volatile
Long Term Debt11.7 B11.1 B4 B
Slightly volatile
Short Term Investments294.9 M379.4 M364.3 M
Slightly volatile
Property Plant Equipment18.7 B17.8 B7.5 B
Slightly volatile
Long Term Investments959.6 M913.9 M351.8 M
Slightly volatile
Short and Long Term Debt1.6 B2.3 B1.8 B
Very volatile
Long Term Debt Total2.7 B3.5 B2.8 B
Slightly volatile
Capital Surpluse9.4 B10.6 B8.3 B
Slightly volatile
Net Invested Capital13.9 B20.7 B11 B
Slightly volatile
Capital Stock95.8 K100.8 K61.7 M
Pretty Stable

Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization2.1 B2 B908.1 M
Slightly volatile
Interest Expense611.4 M582.3 M265.9 M
Slightly volatile
Selling General Administrative484.1 M757.9 M470.7 M
Slightly volatile
Selling And Marketing Expenses232.9 M303.3 M227.8 M
Slightly volatile
Total Revenue10.2 B9.7 B4.7 B
Slightly volatile
Gross Profit2.2 B2.1 B1 B
Slightly volatile
Other Operating Expenses4.7 B8.9 B4.5 B
Slightly volatile
Research Development153.9 M254 M147.8 M
Slightly volatile
Cost Of Revenue7.9 B7.5 B3.6 B
Slightly volatile
Total Operating Expenses1.2 B1.4 B1.1 B
Slightly volatile
Interest Income32.8 M25.2 M55.8 M
Slightly volatile
Reconciled Depreciation1.3 B1.8 B1 B
Slightly volatile

Cash Flow Statement Items

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation131.3 M170.8 M113.7 M
Slightly volatile
Begin Period Cash Flow6.2 B5.9 B2.2 B
Slightly volatile
Depreciation1.9 B1.8 B894.3 M
Slightly volatile
Capital Expenditures6.2 B5.9 B2 B
Slightly volatile
Total Cash From Operating Activities2.4 B2.3 B961.7 M
Slightly volatile
End Period Cash Flow1.9 B2.4 B1.9 B
Slightly volatile
Change To Netincome1.5 B1.4 B633 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.631.64252.319
Slightly volatile
PTB Ratio2.432.554729.8112
Slightly volatile
Days Sales Outstanding102100129
Pretty Stable
Book Value Per Share53.6932.861843.6679
Slightly volatile
Operating Cash Flow Per Share4.616.85.7968
Slightly volatile
Average Payables663.7 M632.1 M436.8 M
Slightly volatile
Stock Based Compensation To Revenue0.01970.02070.0599
Slightly volatile
Capex To Depreciation2.23.692.1286
Very volatile
PB Ratio2.432.554729.8112
Slightly volatile
EV To Sales3.473.78633.1324
Very volatile
Inventory Turnover9731.2 K1 K
Slightly volatile
Days Of Inventory On Hand0.30.310.8061
Slightly volatile
Payables Turnover6.6210.16438.2289
Slightly volatile
Sales General And Administrative To Revenue0.150.09180.117
Very volatile
Average Inventory1.4 M1.5 M2.4 M
Slightly volatile
Research And Ddevelopement To Revenue0.03830.02620.0348
Pretty Stable
Capex To Revenue0.590.560.3474
Slightly volatile
Cash Per Share18.324.423723.6337
Pretty Stable
POCF Ratio5.015.2755.8393
Slightly volatile
Capex To Operating Cash Flow3.752.943.5603
Slightly volatile
Days Payables Outstanding51.8535.910147.244
Slightly volatile
EV To Operating Cash Flow13.9514.6859.74
Slightly volatile
Intangibles To Total Assets0.04270.0450.1304
Slightly volatile
Current Ratio0.870.921.4455
Slightly volatile
Receivables Turnover3.343.64772.9098
Pretty Stable
Shareholders Equity Per Share22.023.156438.0158
Very volatile
Debt To Equity4.544.32831.8308
Slightly volatile
Capex Per Share9.0817.3812.0231
Slightly volatile
Average Receivables2.7 B2.6 B1.6 B
Slightly volatile
Revenue Per Share28.5536.01735.448
Slightly volatile
Interest-Bearing Debt Per Share10810257.1951
Slightly volatile
Debt To Assets0.630.60360.3874
Slightly volatile
Graham Number4.252.897.1416
Pretty Stable
Short Term Coverage Ratios0.790.660.6647
Pretty Stable
Operating Cycle102100130
Pretty Stable
Price Book Value Ratio2.432.554729.8112
Slightly volatile
Days Of Payables Outstanding51.8535.910147.244
Slightly volatile
Price To Operating Cash Flows Ratio5.015.2755.8393
Slightly volatile
Company Equity Multiplier10.267.17139.861
Slightly volatile
Long Term Debt To Capitalization0.770.72890.3778
Slightly volatile
Total Debt To Capitalization0.410.81230.5284
Slightly volatile
Debt-to-Equity Ratio4.544.32831.8308
Slightly volatile
Quick Ratio0.870.921.4449
Slightly volatile
Dividend Paid And Capex Coverage Ratio0.460.350.4989
Pretty Stable
Cash Ratio0.720.49650.6636
Slightly volatile
Cash Conversion Cycle64.3364.151983.3009
Slightly volatile
Operating Cash Flow Sales Ratio0.120.220.1542
Slightly volatile
Days Of Inventory Outstanding0.30.310.8061
Slightly volatile
Days Of Sales Outstanding102100129
Pretty Stable
Cash Flow Coverage Ratios0.230.130.1773
Slightly volatile
Price To Book Ratio2.432.554729.8112
Slightly volatile
Fixed Asset Turnover0.330.34980.9951
Slightly volatile
Capital Expenditure Coverage Ratio0.460.350.4989
Pretty Stable
Price Cash Flow Ratio5.015.2755.8393
Slightly volatile
Debt Ratio0.630.60360.3874
Slightly volatile
Cash Flow To Debt Ratio0.230.130.1773
Slightly volatile
Price Sales Ratio2.631.64252.319
Slightly volatile
Asset Turnover0.360.21690.3445
Slightly volatile
Gross Profit Margin0.260.22040.2386
Slightly volatile
Price Fair Value2.432.554729.8112
Slightly volatile

Valuation Indicators

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap16.7 B15.9 B8.4 B
Slightly volatile
Enterprise Value38.5 B36.6 B14.8 B
Slightly volatile

Core Fundamental Drivers

Forward Price Earnings25
Cash And Short Term Investments6.6 B

Methodology, Assumptions & Data Sources

Reference-level detail related to VNET Group's financial indicators allows a deeper look into how this metric has behaved historically. VNET Group has a market cap of 2.52 B, P/E of 43.99, ROE of -1.72%.

This section for VNET Group DRC is built from periodic company reporting and market reference feeds, with harmonization applied to align reporting definitions. Where analyst coverage exists, consensus estimates are factored in. Values may update on different source schedules. This section presents reference data and historical patterns only and does not constitute an investment recommendation or advice.

This content is curated and reviewed by:

Rifka Kats - Member of Macroaxis Editorial Board
Last reviewed on February 25th, 2026
Macroaxis provides analytical tools and reference data for investors of all levels to evaluate holdings and assess risk across market volatility, economic shifts, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY