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VNET Group stock: key metrics
VNETVNET Group had an operating margin of 7.6% and a return on invested capital (ROIC) of 1.4% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 12 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2009 | 26.9% | 8.7% | −1.9% |
| 2010 | 24.4% | −44.3% | −48.6% |
| 2011 | 27.1% | 1.5% | 1.8% |
| 2012 | 27.9% | 5.3% | 3.7% |
| 2013 | 26.3% | 2.1% | −2.5% |
| 2014 | 28.2% | −4.0% | −12.1% |
| 2015 | 23.5% | −7.8% | −11.8% |
| 2016 | 19.6% | −23.1% | −17.4% |
| 2017 | 22.4% | −40.3% | −22.8% |
| 2018 | 27.8% | 7.0% | −6.0% |
| 2019 | 24.8% | 4.8% | −4.8% |
| 2020 | 22.3% | 2.4% | −56.1% |
| 2021 | 23.2% | 0.3% | 8.1% |
| 2022 | 18.2% | 0.9% | −11.0% |
| 2023 | 17.4% | −26.6% | −35.7% |
| 2024 | 22.2% | 8.1% | 2.2% |
| 2025 | 22.0% | 7.6% | −2.6% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2009 | −100.0% | 71.6% | −1.7% |
| 2010 | −11.9% | −14.2% | −9.4% |
| 2011 | 1.1% | 2.6% | 0.8% |
| 2012 | 3.0% | 4.7% | 1.9% |
| 2013 | −1.9% | 1.6% | −0.8% |
| 2014 | −16.1% | −2.3% | −3.7% |
| 2015 | −10.7% | −3.8% | −3.9% |
| 2016 | −10.3% | −10.3% | −5.1% |
| 2017 | −15.1% | −17.8% | −7.7% |
| 2018 | −4.0% | 3.3% | −1.8% |
| 2019 | −3.7% | 2.1% | −1.3% |
| 2020 | −41.4% | 0.9% | −14.0% |
| 2021 | 6.9% | 0.1% | 2.2% |
| 2022 | −11.9% | 0.3% | −2.9% |
| 2023 | −44.0% | −7.8% | −8.7% |
| 2024 | 2.9% | 1.6% | 0.6% |
| 2025 | −4.0% | 1.4% | −0.6% |
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = CN¥6.6707)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 31 Mar 2019)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.