VNET Group/$VNET
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About VNET Group
VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of June 2025, it had 51,960 retail cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 674 MW of wholesale capacity in service with a further 326 MW under construction and a further 792 MW held for future development.
Ticker
$VNET
Sector
Business services
Primary listing
Employees
2,581
Headquarters
Website
VNET Group Metrics
BasicAdvanced
$2.4B
-
-$0.04
0.16
-
Price and volume
Market cap
$2.4B
Beta
0.16
52-week high
$16.13
52-week low
$3.25
Average daily volume
7.6M
Financial strength
Current ratio
0.974
Quick ratio
0.649
Long term debt to equity
267.961
Total debt to equity
324.784
Interest coverage (TTM)
1.98%
Profitability
EBITDA (TTM)
372.081
Gross margin (TTM)
23.32%
Net profit margin (TTM)
0.63%
Operating margin (TTM)
9.39%
Effective tax rate (TTM)
66.37%
Revenue per employee (TTM)
$492,480
Management effectiveness
Return on assets (TTM)
1.54%
Return on equity (TTM)
1.87%
Valuation
Price to revenue (TTM)
1.849
Price to book
0.38
Price to tangible book (TTM)
0.71
Price to free cash flow (TTM)
-9.251
Free cash flow yield (TTM)
-10.81%
Free cash flow per share (TTM)
-0.947
Growth
Revenue change (TTM)
17.85%
Earnings per share change (TTM)
-97.55%
3-year revenue growth (CAGR)
10.66%
10-year revenue growth (CAGR)
10.41%
3-year earnings per share growth (CAGR)
-58.26%
10-year earnings per share growth (CAGR)
-24.80%
What the Analysts think about VNET Group
Analyst ratings (Buy, Hold, Sell) for VNET Group stock.
Bulls say / Bears say
The company raised its full-year 2025 revenue guidance to RMB 9,150–9,350 million (11–13% YoY growth) and adjusted EBITDA guidance to RMB 2,760–2,820 million (14–16% YoY growth), underscoring management’s confidence in sustained top-line and margin expansion (Nasdaq).
VNET’s wholesale in-service capacity surged by 101 MW quarter-over-quarter to 674 MW, with utilized capacity rising to 511 MW as of June 30, 2025, reflecting robust hyperscaler demand (PRNewswire).
The Board authorized a US$50 million ADS share repurchase program on June 27, 2025, signaling management’s commitment to returning capital and confidence in the stock’s valuation (PRNewswire).
The company's net debt to trailing twelve-month adjusted EBITDA ratio was 5.3x as of June 30, 2025, while full-year CapEx is forecast at RMB 10–12 billion, indicating elevated leverage and cash-flow pressure (Motley Fool).
China’s plan to tackle data-center oversupply by building a state-managed cloud network to sell surplus computing power may exacerbate pricing pressure and underutilization risks for privately operated data centers like VNET (Reuters).
VNET shares plunged 44% in April 2025 after InvestingPro flagged them as overvalued, highlighting the stock’s valuation vulnerability and susceptibility to sharp drawdowns (Investing.com).
Data summarised monthly by Lightyear AI. Last updated on 5 Oct 2025.
VNET Group Financial Performance
Revenues and expenses
VNET Group Earnings Performance
Company profitability
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Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for VNET Group stock?
VNET Group (VNET) has a market cap of $2.4B as of October 20, 2025.
What is the P/E ratio for VNET Group stock?
The price to earnings (P/E) ratio for VNET Group (VNET) stock is 0 as of October 20, 2025.
Does VNET Group stock pay dividends?
No, VNET Group (VNET) stock does not pay dividends to its shareholders as of October 20, 2025.
When is the next VNET Group dividend payment date?
VNET Group (VNET) stock does not pay dividends to its shareholders.
What is the beta indicator for VNET Group?
VNET Group (VNET) has a beta rating of 0.16. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.