VNET Group, Inc.
VNETFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
1,156
Cost of Revenue
900
Gross Profit
257
Gross Margin
22.2%
Operating Income
94
Operating Margin
8.1%
Net Income
26
Net Margin
2.2%
EPS (Basic)
$0.66
EPS (Diluted)
$0.66
EBITDA
310
EBITDA Margin
26.8%
2023
12/31/2023
Revenue
1,038
Cost of Revenue
857
Gross Profit
181
Gross Margin
17.4%
Operating Income
-276
Operating Margin
-26.6%
Net Income
-370
Net Margin
-35.7%
EPS (Basic)
$-17.58
EPS (Diluted)
$-17.58
EBITDA
-51
EBITDA Margin
-4.9%
2022
12/31/2022
Revenue
989
Cost of Revenue
799
Gross Profit
190
Gross Margin
19.2%
Operating Income
17
Operating Margin
1.7%
Net Income
-109
Net Margin
-11.0%
EPS (Basic)
$-5.16
EPS (Diluted)
$-5.16
EBITDA
173
EBITDA Margin
17.5%
2021
12/31/2021
Revenue
867
Cost of Revenue
665
Gross Profit
201
Gross Margin
23.2%
Operating Income
3
Operating Margin
0.3%
Net Income
70
Net Margin
8.1%
EPS (Basic)
$3.42
EPS (Diluted)
$3.30
EBITDA
317
EBITDA Margin
36.6%
2020
12/31/2020
Revenue
676
Cost of Revenue
525
Gross Profit
151
Gross Margin
22.3%
Operating Income
16
Operating Margin
2.4%
Net Income
-379
Net Margin
-56.1%
EPS (Basic)
$-22.56
EPS (Diluted)
$-26.82
EBITDA
-170
EBITDA Margin
-25.1%