Vnet (VNET) EBT Margin (2010 - 2026)
Vnet's (VNET) quarterly EBT Margin came in at 1.34% in Q2 2026, up 831.0% year-over-year from 0.14% in Q2 2025, and down 6.17% quarter-over-quarter from 1.43% in Q1 2026.
Powered by 
Analysis
Vnet (VNET) EBT Margin (2010 - 2026) Analysis & Trends
Vnet has disclosed EBT Margin across 17 years of filings, most recently posting 1.34% for Q2 2026.
- In Q2 2026, EBT Margin rose 831.0% year-over-year to 1.34%; the TTM figure through Jun 2026 stood at 4.21% (up 272.0% YoY), while the FY2025 annual figure was 4.19%, down 155.0% from the prior year.
- EBT Margin came in at 1.34% for Q2 2026 at Vnet, down from 1.43% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 14.66% in Q2 2024 to a low of 123.22% in Q4 2023.
- Average EBT Margin over 5 years is 5.86%, with a median of 2.63% recorded in 2026.
- Year-over-year, EBT Margin plunged 12031 bps in 2023 and jumped 12705 bps in 2024.
- Over 5 years, EBT Margin stood at 2.91% in 2022, then sank by 4129 bps to 123.22% in 2023, then soared by 103 bps to 3.84% in 2024, then surged by 103 bps to 7.78% in 2025, then sank by 83 bps to 1.34% in 2026.
- Per Business Quant data, the three most recent EBT Margin figures were 1.34% in Q2 2026, 1.43% in Q1 2026, and 7.78% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.92 Bn | 100.69 Bn | 1.40 Bn | 19.92% |
| 2 | Terawulf | 8.33 Bn | 5.57 Bn | 32.37 Mn | -2,076.83% |
| 3 | Applied Digital | 7.46 Bn | 3.49 Bn | 97.29 Mn | -30.77% |
| 4 | Cipher Digital | 6.94 Bn | 2.92 Bn | 9.79 Mn | -1,075.66% |
| 5 | GDS Holdings | 6.17 Bn | 3.98 Bn | 97.89 Mn | 26.01% |
| 6 | Core Scientific | 5.88 Bn | 3.94 Bn | 70.04 Mn | -702.43% |
| 7 | Vnet | 1.75 Bn | 757.22 Mn | 74.45 Mn | 1.34% |
| 8 | Sify Technologies | 1.55 Bn | 1.55 Bn | 51.65 Mn | 9.60% |
| 9 | WhiteFiber | 745.81 Mn | 685.44 Mn | 18.88 Mn | -54.53% |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn | -292.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.34% |
| Mar 31, 2026 | 1.43% |
| Dec 31, 2025 | 7.78% |
| Sep 30, 2025 | 6.65% |
| Jun 30, 2025 | -6.97% |
| Mar 31, 2025 | 4.85% |
| Dec 31, 2024 | 3.84% |
| Sep 30, 2024 | 5.19% |
| Jun 30, 2024 | 14.66% |
| Mar 31, 2024 | -5.28% |
| Dec 31, 2023 | -123.22% |
| Sep 30, 2023 | -1.95% |
| Jun 30, 2023 | -12.41% |
| Mar 31, 2023 | 8.23% |
| Dec 31, 2022 | -2.91% |
| Sep 30, 2022 | 5.21% |
| Jun 30, 2022 | -20.24% |
| Mar 31, 2022 | 8.35% |
| Dec 31, 2021 | -10.63% |
| Sep 30, 2021 | 13.53% |