VNETVNET Group, Inc.
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (3.1×).
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Margins have held roughly steady, a stable cost structure.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is VNET?
VNET Group, Inc. earns 4.4% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 4.6 points below what the capital costs: growth destroys value
- Cash conversion
- 3.11×
Cash conversion · 5.82× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −7.5%
Share count, year on year · bought back, each share owns more of the company
Details›
- Free cash flow, trailing twelve months
- −$5.74B
- Net income, trailing twelve months
- −$252M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 4.4%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from VNET and who it buys from, as the companies report it.
None disclosed.
- Largest five suppliers46%
Its products, share of sales · FY2025 20-F
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; VNET’s own figures are from its FY2025 20-F. Smaller customers and suppliers go unreported.
Information Technology Services
Ranks #20 of 30 by RyuScore