Vnet (VNET) FCF Margin (2014 - 2026)
Vnet (VNET) posted FCF Margin of 62.09% for the quarter ended Jun 30, 2026, down 29.81 percentage points from 91.89% a year earlier and down 9.49 percentage points from the prior quarter.
Powered by 
Analysis
Vnet (VNET) FCF Margin (2014 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, FCF Margin at Vnet was 83.33%, down 10.43 percentage points year-over-year; for the year ended Dec 31, 2025, it was 96.24%, up 11.01 percentage points from the prior year.
- Annual FCF Margin shows a five-year change of -489580.76 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, Vnet's FCF Margin was 85.23% in the year ended Dec 31, 2024 (+17.36 pp), 67.87% in the year ended Dec 31, 2023 (-9.07 pp), 76.94% in the year ended Dec 31, 2022 (+11.03 pp) and 65.91% in the year ended Dec 31, 2021 (-489611.09 pp).
- The figure for the quarter ended Jun 30, 2026 stands as the lowest quarterly FCF Margin since the quarter ended Jun 30, 2023.
- On a year-over-year basis, FCF Margin has declined in each of the last three quarters, with an average year-over-year change of +4.12 percentage points over the last eight quarters.
- The strongest year-over-year quarter for FCF Margin in the past five years was the quarter ended Dec 31, 2021, with a gain of 127.90 percentage points; the weakest was the quarter ended Jun 30, 2023, with a drop of 40.34 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was 71.57% (quarter ended Mar 31, 2026), 87.69% (quarter ended Dec 31, 2025) and 115.36% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 4,023.81 Bn | 3,959.30 Bn | 62.56 Bn | 20.19% |
| 2 | International Business Machines | 229.57 Bn | 184.18 Bn | 9.71 Bn | 21.59% |
| 3 | Cloudflare | 108.56 Bn | 91.00 Bn | 557.23 Mn | 11.96% |
| 4 | Equinix | 104.79 Bn | 92.69 Bn | 1.31 Bn | -12.64% |
| 5 | Nebius | 34.62 Bn | 23.47 Bn | - | - |
| 6 | CoreWeave | 27.89 Bn | 14.98 Bn | 1.70 Bn | -223.03% |
| 7 | Verisign | 27.57 Bn | 24.93 Bn | 393.20 Mn | 58.85% |
| 8 | Nutanix | 16.13 Bn | 7.81 Bn | 651.35 Mn | 36.66% |
| 9 | GoDaddy | 14.07 Bn | 9.45 Bn | 843.00 Mn | 35.46% |
| 10 | Vnet | 849.13 Mn | 109.17 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 62.31% |
| Mar 31, 2026 | 71.57% |
| Dec 31, 2025 | 87.69% |
| Sep 30, 2025 | 115.98% |
| Jun 30, 2025 | 91.89% |
| Mar 31, 2025 | 88.49% |
| Sep 30, 2024 | 103.13% |
| Jun 30, 2024 | 70.40% |
| Mar 31, 2024 | 67.06% |
| Sep 30, 2023 | 74.24% |
| Jun 30, 2023 | 44.92% |
| Mar 31, 2023 | 58.91% |
| Dec 31, 2022 | 78.06% |
| Sep 30, 2022 | 64.54% |
| Jun 30, 2022 | 85.26% |
| Mar 31, 2022 | 90.45% |
| Dec 31, 2021 | 91.65% |
| Sep 30, 2021 | 50.32% |
| Jun 30, 2021 | 49.76% |
| Mar 31, 2021 | 68.49% |
API Access
Vnet FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=VNET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "VNET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=VNET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();