Vnet (VNET) Capital Expenditures (2014 - 2025)
Vnet (VNET) posted Capital Expenditures of -$258.8 million for Q4 2025, up 15.65% sequentially from -$306.8 million in Q3 2025, and down 26.54% YoY from -$352.3 million in Q4 2024.
Vnet (VNET) Capital Expenditures (2014 - 2025) Analysis & Trends
Vnet has reported Capital Expenditures for 12 years, with the latest figure at -$258.8 million in Q4 2025.
- Quarterly Capital Expenditures fell 26.54% year-over-year to -$258.8 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$1.1 billion (down 56.86% YoY) and the FY2025 annual result came in at $1.1 billion, up 62.31% from the prior year.
- Capital Expenditures improved to -$258.8 million in Q4 2025 per VNET's latest filing, from -$306.8 million in the prior quarter.
- Over five years, Capital Expenditures peaked at -$54.4 million in Q2 2023 and troughed at -$306.8 million in Q3 2025.
- A 5-year average of -$151.9 million and a median of -$138.3 million in 2024 frame the typical range for Capital Expenditures.
- The sharpest annual moves came in 2021 and 2023: Capital Expenditures tumbled 267.42% in 2021, then surged 44.13% in 2023.
- Over 5 years, Capital Expenditures stood at -$146.8 million in 2021, then climbed by 11.29% to -$130.3 million in 2022, then fell by 10.01% to -$143.3 million in 2023, then plunged by 42.72% to -$204.5 million in 2024, then retreated by 26.54% to -$258.8 million in 2025.
- According to Business Quant data, Capital Expenditures over the past three periods registered -$258.8 million, -$306.8 million, and -$261.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 222.17 Bn | 210.81 Bn | 9.91 Bn | 229.00 Mn |
| 2 | Accenture | 113.08 Bn | 102.91 Bn | 6.13 Bn | 186.22 Mn |
| 3 | Infosys | 48.61 Bn | 48.61 Bn | 1.60 Bn | - |
| 4 | Cgi | 33.08 Bn | 32.62 Bn | - | -20.01 Mn |
| 5 | Cognizant Technology Solutions | 28.83 Bn | 27.78 Bn | 1.83 Bn | 99.00 Mn |
| 6 | Fidelity National Information Services | 21.35 Bn | 20.61 Bn | 1.17 Bn | 230.00 Mn |
| 7 | Broadridge Financial Solutions | 21.18 Bn | 20.78 Bn | 853.00 Mn | 34.90 Mn |
| 8 | Wipro | 19.66 Bn | 18.59 Bn | 738.00 Mn | -35.69 Mn |
| 9 | Leidos Holdings | 17.81 Bn | 17.07 Bn | 817.00 Mn | 32.00 Mn |
| 10 | Vnet | 1.81 Bn | 977.53 Mn | 77.27 Mn | -258.81 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -258.81 Mn |
| Dec 31, 2025 | -258.81 Mn |
| Sep 30, 2025 | -306.84 Mn |
| Sep 30, 2025 | -306.84 Mn |
| Jun 30, 2025 | -261.08 Mn |
| Jun 30, 2025 | -261.08 Mn |
| Mar 31, 2025 | -246.95 Mn |
| Mar 31, 2025 | -246.95 Mn |
| Dec 31, 2024 | -204.54 Mn |
| Dec 31, 2024 | -204.54 Mn |
| Sep 30, 2024 | -203.33 Mn |
| Sep 30, 2024 | -203.33 Mn |
| Jun 30, 2024 | -137.40 Mn |
| Jun 30, 2024 | -137.40 Mn |
| Mar 31, 2024 | -139.24 Mn |
| Mar 31, 2024 | -139.24 Mn |
| Dec 31, 2023 | -143.31 Mn |
| Dec 31, 2023 | -143.31 Mn |
| Sep 30, 2023 | -129.72 Mn |
| Sep 30, 2023 | -129.72 Mn |