Cash Flow Statement
Growth Metrics

Vnet (VNET) EBITDA Margin (2016 - 2025)

Vnet has reported EBITDA Margin over the past 16 years, most recently at 29.96% for Q4 2025.

  • For Q4 2025, EBITDA Margin fell 215.0% year-over-year to 29.96%; the TTM value through Dec 2025 reached 29.93%, up 53.0%, while the annual FY2025 figure was 29.93%, 51.0% up from the prior year.
  • EBITDA Margin was 29.96% for Q4 2025 at Vnet, up from 29.37% in the prior quarter.
  • Across five years, EBITDA Margin topped out at 32.11% in Q4 2024 and bottomed at 22.56% in Q4 2022.
  • The 5-year median for EBITDA Margin is 28.82% (2021), against an average of 28.39%.
  • Year-over-year, EBITDA Margin crashed -396bps in 2022 and then surged 892bps in 2024.
  • Over 5 years, EBITDA Margin stood at 26.52% in 2021, then dropped by -15bps to 22.56% in 2022, then rose by 3bps to 23.19% in 2023, then soared by 38bps to 32.11% in 2024, then fell by -7bps to 29.96% in 2025.
  • The last three reported values for EBITDA Margin were 29.96% (Q4 2025), 29.37% (Q3 2025), and 30.09% (Q2 2025) per Business Quant data.