Vnet (VNET) EV to FCF (2014 - 2026)
Vnet's (VNET) quarterly EV to FCF came in at 5.02 in Q2 2026, up 17.67% year-over-year from 4.27 in Q2 2025, and up 25.81% quarter-over-quarter from 3.99 in Q1 2026.
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Vnet (VNET) EV to FCF (2014 - 2026) Analysis & Trends
Vnet has disclosed EV to FCF across 13 years of filings, most recently posting 5.02 for Q2 2026.
- In Q2 2026, EV to FCF rose 17.67% year-over-year to 5.02; the TTM figure through Jun 2026 stood at 0.99 (down 12.21% YoY), while the FY2025 annual figure was 1.11, down 6.71% from the prior year.
- EV to FCF came in at 5.02 for Q2 2026 at Vnet, up from 3.99 in the prior quarter.
- In the past five years, EV to FCF ranged from a high of 6.23 in Q1 2025 to a low of 0.41 in Q4 2023.
- Average EV to FCF over 5 years is 2.74, with a median of 2.05 recorded in 2022.
- Year-over-year, EV to FCF sank 92.39% in 2022 and jumped 818.6% in 2024.
- Over 5 years, EV to FCF stood at 2.21 in 2022, then plunged by 81.59% to 0.41 in 2023, then jumped by 818.6% to 3.73 in 2024, then rose by 21.62% to 4.54 in 2025, then grew by 10.55% to 5.02 in 2026.
- Per Business Quant data, the three most recent EV to FCF figures were 5.02 in Q2 2026, 3.99 in Q1 2026, and 4.54 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.02 |
| Mar 31, 2026 | 3.99 |
| Dec 31, 2025 | 4.54 |
| Sep 30, 2025 | 4.98 |
| Jun 30, 2025 | 4.27 |
| Mar 31, 2025 | 6.23 |
| Dec 31, 2024 | 3.73 |
| Sep 30, 2024 | 2.91 |
| Jun 30, 2024 | 1.83 |
| Mar 31, 2024 | 1.01 |
| Dec 31, 2023 | 0.41 |
| Sep 30, 2023 | 0.83 |
| Jun 30, 2023 | 1.31 |
| Mar 31, 2023 | 0.79 |
| Dec 31, 2022 | 2.21 |
| Sep 30, 2022 | 1.64 |
| Jun 30, 2022 | 1.89 |
| Mar 31, 2022 | 1.77 |
| Dec 31, 2021 | 4.55 |
| Sep 30, 2021 | 15.37 |