Vnet (VNET) EBITDA Margin (2010 - 2025)
Vnet (VNET) reported EBITDA Margin of 29.96% for Q4 2025, down 267.0% on a YoY basis from 17.94% in Q4 2024, and up 2.01% sequentially from 29.37% in Q3 2025.
Vnet (VNET) EBITDA Margin (2010 - 2025) Analysis & Trends
Vnet (VNET) has 16 years of EBITDA Margin data on file, last reported at 29.96% in Q4 2025.
- For the quarter ending Q4 2025, EBITDA Margin fell 267.0% year-over-year to 29.96%; the trailing twelve-month figure through Dec 2025 stood at 29.93% (up 33.0% YoY), and the FY2025 full-year result was 29.93%, up 4.0% from the prior year.
- EBITDA Margin improved to 29.96% in Q4 2025, from 29.37% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 32.63% in Q4 2024 to a low of 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.
- Across the five-year window, EBITDA Margin tumbled 13905 bps in 2023 and jumped 14912 bps in 2024, its largest moves.
- Tracing VNET's EBITDA Margin over 5 years: stood at 26.52% in 2021, then dropped by 15 bps to 22.56% in 2022, then slumped by 616 bps to 116.49% in 2023, then surged by 128 bps to 32.63% in 2024, then retreated by 8 bps to 29.96% in 2025.
- Business Quant data shows VNET's EBITDA Margin at 29.96% in Q4 2025, 29.37% in Q3 2025, and 30.09% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | 15.24% |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | 16.96% |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | 26.85% |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | 266.27% |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | 14.86% |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | 12.84% |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | 15.57% |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | 16.01% |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | 18.40% |
| 10 | Vnet | 12.53 Bn | 12.66 Bn | 77.27 Mn | 29.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 29.96% |
| Sep 30, 2025 | 29.37% |
| Jun 30, 2025 | 30.09% |
| Mar 31, 2025 | 30.38% |
| Dec 31, 2024 | 32.63% |
| Sep 30, 2024 | 28.04% |
| Jun 30, 2024 | 28.78% |
| Mar 31, 2024 | 28.72% |
| Dec 31, 2023 | -116.49% |
| Sep 30, 2023 | 26.92% |
| Jun 30, 2023 | 29.37% |
| Mar 31, 2023 | 30.80% |
| Dec 31, 2022 | 22.56% |
| Sep 30, 2022 | 25.10% |
| Jun 30, 2022 | 28.23% |
| Mar 31, 2022 | 30.76% |
| Dec 31, 2021 | 26.52% |
| Sep 30, 2021 | 28.86% |
| Jun 30, 2021 | 28.40% |
| Mar 31, 2021 | 29.93% |