Technology · Information Technology Services
Price
$7.65
Market Cap
$2.1B
Employees
2,581
Beta
0.25
Avg Volume
7,530,814
CEO
Sheng Chen
Business Description
VNET Group, Inc. operates as an investment holding company, delivering a comprehensive suite of hosting and digital infrastructure services throughout China. Its core offerings encompass managed hosting, featuring services such as colocation – where clients can house their servers and networking equipment within dedicated data center space or by leasing partial or entire cabinets. This is complemented by server administration and interconnectivity solutions. Beyond these fundamental services, VNET provides an array of value-added options, including hybrid IT integration, bare metal server provisions, robust firewall protection, server load balancing, advanced data backup and recovery, as well as extensive data center and server management services. The company also offers cloud computing services, enabling customers to deploy and run applications over the internet utilizing VNET's IT infrastructure, alongside secure VPN services to extend private networks via public internet connections. Operational support from VNET includes operating system maintenance and updates, continuous server monitoring, backup and restoration capabilities, server security evaluations, and disaster recovery planning. Furthermore, the company possesses expertise in data center development, offering services from site selection and planning to the design and construction of both wholesale and retail facilities. VNET caters to a broad and diverse clientele, spanning sectors such as information technology and cloud services, telecommunications carriers, social networking platforms, gaming and entertainment industries, e-commerce businesses, automotive companies, financial services institutions, government agencies, blue-chip enterprises, small-to-mid-sized businesses, and even individual users. As of December 31, 2021, VNET boasted significant operational scale, managing 78,540 cabinets across 40 proprietary data centers and 64 facilities operated in partnership. Established in 1999 and headquartered in Beijing, People's Republic of China, the company was previously known as 21Vianet Group, Inc. before officially rebranding to VNET Group, Inc. in October 2021.
Business History
Price Overview
Last updated: Jun 27, 2026 8:56am (just now)$7.65
-0.05 (-0.65%)
Day Range
$7.40 – $7.72
52-Week Range
$6.41 – $14.48
50-Day MA
$9.26
200-Day MA
$9.67
Volume
3,700,520.00
Analyst Price Targets
Low
$16.00
Consensus
$19.03
High
$24.79
(10 analysts)
Share Structure
Outstanding
279,561,356.00
Float
269,159,157.00
Free Float
96.3%
High free float
— 96.3% of shares trade freely, ~3.7% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-8.50
Stock Price: $7.65
EPS (Diluted): -0.90
EPS (Diluted): -0.90
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.56
Stock Price: $7.65
Total Equity: $6.22B
Shares: 268,712,131
Total Equity: $6.22B
Shares: 268,712,131
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
9.98
Market Cap: $2.14B
Total Debt: $21.28B
Cash: $6.18B
EBITDA: $2.96B
Total Debt: $21.28B
Cash: $6.18B
EBITDA: $2.96B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$38.5B
Market Cap: $2.14B
Total Debt: $21.28B
Cash: $6.18B
Total Debt: $21.28B
Cash: $6.18B
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
1.64
Stock Price: $7.65
Revenue: $9.68B
Shares: 268,712,131
Revenue: $9.68B
Shares: 268,712,131
EV/Sales (Total value vs revenue — works when P/E can't)
API3.98
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
22.0%
Gross Profit: $2.13B
Revenue: $9.68B
Revenue: $9.68B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
7.6%
Operating Income: $732.04M
Revenue: $9.68B
Revenue: $9.68B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-2.6%
Net Income: -$249.78M
Revenue: $9.68B
Revenue: $9.68B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-40.3%
Net Income: -$249.78M
Total Equity: $6.22B
Total Equity: $6.22B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-1.1%
Operating Income: $732.04M
Tax Rate: 131.5%
Equity: $6.22B
Total Debt: $21.28B
Cash: $6.18B
Tax Rate: 131.5%
Equity: $6.22B
Total Debt: $21.28B
Cash: $6.18B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.92
Current Assets: $11.46B
Current Liabilities: $12.46B
Current Liabilities: $12.46B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
3.42
Short-Term Debt: $4.55B
Long-Term Debt: $16.73B
Total Debt: $21.28B
Total Equity: $6.22B
Long-Term Debt: $16.73B
Total Debt: $21.28B
Total Equity: $6.22B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$36.02
Revenue: $9.68B
Shares: 268,712,131
Shares: 268,712,131
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$23.16
Total Equity: $6.22B
Shares: 268,712,131
Shares: 268,712,131
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-22.14
Operating CF: $1.92B
CapEx: -$7.87B
Shares: 268,712,131
CapEx: -$7.87B
Shares: 268,712,131
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $7.65
Stock Price: $7.65
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$249.78M
Net Income: -$249.78M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares VNET against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 22, 2026 11:49pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.2B | $7.2B | $7.4B | $8.3B | $9.7B |
| Cost of Revenue | $4.8B | $5.9B | $6.1B | $6.4B | $7.5B |
| Gross Profit | $1.4B | $1.3B | $1.3B | $1.8B | $2.1B |
| Operating Expenses | $1.4B | $1.2B | $3.3B | $1.2B | $1.4B |
| Operating Income | $21.3M | $62.2M | -$2.0B | $669.4M | $732.0M |
| Net Income | $500.1M | -$789.6M | -$2.6B | $183.2M | -$249.8M |
| EBITDA | $2.3B | $1.2B | -$366.6M | $2.4B | $3.0B |
| EPS | $3.42 | $-5.16 | $-17.58 | $0.66 | $-0.90 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 22, 2026 11:49pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.7B | $2.9B | $5.1B | $2.0B | $6.2B |
| Total Current Assets | $5.3B | $7.0B | $9.8B | $6.8B | $11.5B |
| Total Assets | $23.1B | $26.6B | $30.4B | $32.4B | $44.6B |
| Current Liabilities | $5.2B | $6.2B | $11.4B | $9.3B | $12.5B |
| Long-Term Debt | $6.5B | $8.8B | $6.9B | $9.7B | $16.7B |
| Total Liabilities | $15.5B | $19.7B | $23.7B | $25.2B | $35.8B |
| Total Equity | $7.2B | $6.5B | $6.0B | $6.4B | $6.2B |
| Retained Earnings | -$7.6B | -$8.2B | -$11.0B | -$10.9B | -$11.1B |
Cash Flow (Annual)
Last updated: Jun 22, 2026 11:49pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.4B | $2.6B | $2.1B | $2.0B | $1.9B |
| Capital Expenditure | -$2.7B | -$3.1B | -$3.1B | -$5.1B | -$7.9B |
| Free Cash Flow | -$1.3B | -$450.6M | -$997.1M | -$3.1B | -$5.9B |
| Acquisitions (net) | -$1.2B | -$38.7M | $2,000 | $200.0M | $486.1M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$1.7B | $0 | $0 | $0 | -$17.2M |
| Net Change in Cash | -$1.4B | $1.3B | $2.1B | -$3.0B | $4.1B |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 2:09am (6h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$14.2B $13.6B – $14.9B
|
$17.0B $16.4B – $17.8B
|
$19.0B $18.3B – $19.9B
|
$19.4B $18.8B – $20.3B
|
| EBITDA |
$3.1B $3.0B – $3.2B
|
$3.7B $3.6B – $3.9B
|
$4.1B $4.0B – $4.3B
|
$4.2B $4.1B – $4.4B
|
| Net Income |
$226.5M $114.7M – $338.4M
|
$651.5M -$54.1M – $1.4B
|
$134.6M $128.9M – $142.8M
|
$153.4M $147.0M – $162.8M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 22, 2026 11:49pm (4d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +16.1% | +3.1% | +11.4% | +17.2% |
| Gross Profit Growth | -9.2% | -1.0% | +41.8% | +16.4% |
| Operating Income Growth | +191.9% | -3,267.8% | +134.0% | +9.4% |
| Net Income Growth | -257.9% | -234.8% | +106.9% | -236.3% |
| EBITDA Growth | -45.0% | -129.4% | +762.8% | +22.0% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-01 | Shao Sean | S-Sale | 60,000.00 | $1.71 | $102,798 |
| 2026-05-15 | ZHANG ZHIHUA | A-Award | 42,996.00 | $0.00 | $0 |
| 2026-05-15 | ZHANG ZHIHUA | M-Exempt | 42,996.00 | $0.00 | $0 |
| 2026-05-15 | ZHANG ZHIHUA | M-Exempt | 42,996.00 | $0.00 | $0 |
| 2026-05-18 | ZHANG ZHIHUA | S-Sale | 9,072.00 | $1.69 | $15,373 |
| 2026-05-15 | TAI KENNETH | A-Award | 243,768.00 | $0.00 | $0 |
| 2026-05-15 | Shao Sean | A-Award | 243,768.00 | $0.00 | $0 |
| 2026-05-15 | UENO Yoshihisa | A-Award | 731,304.00 | $0.00 | $0 |
| 2026-03-23 | Chen David Lifeng | S-Sale | 83,544.00 | $1.51 | $125,775 |
| 2026-03-17 | Chen David Lifeng | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Chen David Lifeng | 584,796.00 | $0.00 | $0 | |
| 2026-03-17 | Chen Sheng | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Chen Sheng | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Chen Sheng | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Chen Sheng | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Chen Sheng | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Chen Sheng | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Chen Sheng | 0.00 | $0.00 | $0 | |
| 2026-03-17 | Chen Sheng | 0.00 | $0.00 | $0 | |
| 2026-03-17 | TAI KENNETH | 0.00 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for VNET — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30