Current Net Margin
-11.96%
VNET Group, Inc. currently has a net profit margin of -11.96%. Net margin is a key efficiency ratio that measures what percentage of each dollar of revenue actually results in profit for the company.
Historical Margin Data
Quarterly and annual profitability trends
| Date | Revenue ($B) | Net Income ($B) | Net Margin | Change (bps) |
|---|---|---|---|---|
| 2025-09-30 | 2.57 | -0.31 | -11.96% | ▼1146 |
| 2025-06-30 | 2.43 | -0.01 | -0.49% | ▲1008 |
| 2025-03-31 | 2.25 | -0.24 | -10.58% | ▼1008 |
| 2024-12-31 | 2.25 | -0.01 | -0.49% | ▼1547 |
| 2024-09-30 | 2.07 | 0.31 | 14.98% | ▲1178 |
| 2024-06-30 | 1.99 | 0.06 | 3.19% | ▲1305 |
| 2024-03-31 | 1.90 | -0.19 | -9.85% | ▲11882 |
| 2023-12-31 | 1.90 | -2.44 | -128.67% | ▼12600 |
| 2023-09-30 | 1.89 | -0.05 | -2.67% | ▲1011 |
| 2023-06-30 | 1.82 | -0.23 | -12.78% | ▼1734 |
| 2023-03-31 | 1.81 | 0.08 | 4.56% | ▲797 |
| 2022-12-31 | 1.88 | -0.06 | -3.42% | ▲1993 |
| 2022-09-30 | 1.81 | -0.42 | -23.35% | ▼148 |
| 2022-06-30 | 1.72 | -0.38 | -21.87% | ▼2738 |
| 2022-03-31 | 1.65 | 0.09 | 5.51% | ▲708 |
| 2021-12-31 | 1.74 | -0.03 | -1.57% | ▼1158 |
| 2021-09-30 | 1.56 | 0.16 | 10.01% | ▼2044 |
| 2021-06-30 | 1.50 | 0.46 | 30.45% | ▲3656 |
| 2021-03-31 | 1.39 | -0.08 | -6.10% | ▲6920 |
| 2020-12-31 | 1.35 | -1.02 | -75.30% | ▼8310 |
| 2020-09-30 | 1.25 | 0.10 | 7.80% | ▲15223 |
| 2020-06-30 | 1.14 | -1.65 | -144.43% | ▼13171 |
| 2020-03-31 | 1.09 | -0.14 | -12.72% | ▼1116 |
| 2019-12-31 | 1.05 | -0.02 | -1.57% | ▲551 |
| 2019-09-30 | 0.98 | -0.07 | -7.08% | ▲441 |
| 2019-06-30 | 0.89 | -0.10 | -11.49% | ▼1214 |
| 2019-03-31 | 0.87 | 0.01 | 0.65% | ▲1329 |
| 2018-12-31 | 0.90 | -0.11 | -12.65% | ▼924 |
| 2018-09-30 | 0.87 | -0.03 | -3.41% | ▲797 |
| 2018-06-30 | 0.83 | -0.09 | -11.37% | ▼1547 |
| 2018-03-31 | 0.80 | 0.03 | 4.10% | ▼10019 |
| 2017-12-31 | 0.77 | 0.80 | 104.29% | ▲25945 |
| 2017-09-30 | 0.89 | -1.37 | -155.16% | ▼14414 |
| 2017-06-30 | 0.88 | -0.10 | -11.02% | ▲56 |
| 2017-03-31 | 0.86 | -0.10 | -11.57% | ▲1728 |
| 2016-12-31 | 0.90 | -0.26 | -28.85% | ▼1501 |
| 2016-09-30 | 0.97 | -0.13 | -13.84% | ▼319 |
| 2016-06-30 | 0.91 | -0.10 | -10.65% | ▲591 |
| 2016-03-31 | 0.86 | -0.14 | -16.56% | ▼394 |
| 2015-12-31 | 0.98 | -0.12 | -12.62% | ▼589 |
| 2015-09-30 | 0.92 | -0.06 | -6.72% | ▲1002 |
| 2015-06-30 | 0.87 | -0.15 | -16.75% | ▼550 |
| 2015-03-31 | 0.86 | -0.10 | -11.25% | ▲914 |
| 2014-12-31 | 0.85 | -0.17 | -20.39% | ▼2547 |
| 2014-09-30 | 0.78 | 0.04 | 5.09% | ▲1454 |
| 2014-06-30 | 0.66 | -0.06 | -9.46% | ▲1644 |
| 2014-03-31 | 0.59 | -0.15 | -25.90% | ▼2511 |
| 2013-12-31 | 0.55 | -0.00 | -0.79% | ▲178 |
| 2013-09-30 | 0.51 | -0.01 | -2.57% | ▲647 |
| 2013-06-30 | 0.47 | -0.04 | -9.04% | ▼1177 |
| 2013-03-31 | 0.44 | 0.01 | 2.73% | ▼750 |
| 2012-12-31 | 0.42 | 0.04 | 10.23% | ▲724 |
| 2012-09-30 | 0.40 | 0.01 | 2.99% | ▼195 |
| 2012-06-30 | 0.36 | 0.02 | 4.94% | ▲964 |
| 2012-03-31 | 0.35 | -0.02 | -4.70% | ▼563 |
| 2011-12-31 | 0.32 | 0.00 | 0.93% | ▼3024 |
| 2011-09-30 | 0.26 | 0.08 | 31.17% | ▲4399 |
| 2011-06-30 | 0.23 | -0.03 | -12.83% | ▲451 |
| 2011-03-31 | 0.21 | -0.04 | -17.33% | ▲8663 |
| 2010-12-31 | 0.20 | -0.21 | -103.97% | ▼7266 |
| 2010-09-30 | 0.12 | -0.04 | -31.30% | ▼3601 |
| 2010-06-30 | 0.11 | 0.01 | 4.71% | ▲2335 |
| 2010-03-31 | 0.09 | -0.02 | -18.64% | — |
* Net margin = (Net Income / Total Revenue) * 100. Based on official SEC filings.