Vnet (VNET) EBITDA Margin (2010 - 2025)

Vnet (VNET) posted EBITDA Margin of 29.96% for Q4 2025, up 2.01% sequentially from 29.37% in Q3 2025, and down 267.0% YoY from 17.94% in Q4 2024.

Vnet (VNET) EBITDA Margin (2010 - 2025) Analysis & Trends

Vnet has reported EBITDA Margin for 16 years, with the latest figure at 29.96% in Q4 2025.

Quarterly EBITDA Margin fell 267.0% year-over-year to 29.96% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 29.93% (up 33.0% YoY) and the FY2025 annual result came in at 29.93%, up 4.0% from the prior year.
EBITDA Margin improved to 29.96% in Q4 2025 per VNET's latest filing, from 29.37% in the prior quarter.
Over five years, EBITDA Margin peaked at 32.63% in Q4 2024 and troughed at 116.49% in Q4 2023.
A 5-year average of 21.45% and a median of 28.82% in 2021 frame the typical range for EBITDA Margin.
The sharpest annual moves came in 2023 and 2024: EBITDA Margin sank 13905 bps in 2023, then soared 14912 bps in 2024.
Over 5 years, EBITDA Margin stood at 26.52% in 2021, then retreated by 15 bps to 22.56% in 2022, then sank by 616 bps to 116.49% in 2023, then surged by 128 bps to 32.63% in 2024, then dropped by 8 bps to 29.96% in 2025.
According to Business Quant data, EBITDA Margin over the past three periods registered 29.96%, 29.37%, and 30.09% for Q4 2025, Q3 2025, and Q2 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	EBITDA Margin (Qtr)
1	International Business Machines	219.38 Bn	208.02 Bn	9.91 Bn	15.24%
2	Accenture	111.06 Bn	100.89 Bn	6.13 Bn	16.96%
3	Infosys	47.96 Bn	47.96 Bn	1.60 Bn	266.27%
4	Cgi	32.80 Bn	32.34 Bn	-	15.85%
5	Cognizant Technology Solutions	28.32 Bn	27.27 Bn	1.83 Bn	15.95%
6	Fidelity National Information Services	20.92 Bn	20.17 Bn	1.17 Bn	15.01%
7	Broadridge Financial Solutions	20.67 Bn	20.27 Bn	853.00 Mn	24.61%
8	Wipro	19.82 Bn	18.75 Bn	738.00 Mn	16.01%
9	Leidos Holdings	17.78 Bn	17.03 Bn	817.00 Mn	11.28%
10	Vnet	1.78 Bn	950.66 Mn	77.27 Mn	29.96%

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