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Side-by-side financial comparison of CMB.TECH NV (CMBT) and QWEST CORP (CTBB). Click either name above to swap in a different company.

QWEST CORP is the larger business by last-quarter revenue ($1.1B vs $592.8M, roughly 1.9× CMB.TECH NV). CMB.TECH NV runs the higher net margin — 32.3% vs -187.5%, a 219.7% gap on every dollar of revenue. On growth, QWEST CORP posted the faster year-over-year revenue change (-15.0% vs -34.6%).

CMB.TECH, before October 2024 known as Euronav, is a crude oil tanker transport company, which consists of VLCCs, Suezmaxes and FSOs.

Qwest Corporation, doing business as CenturyLink QC, is a Regional Bell Operating Company owned by Lumen Technologies. It was originally named Mountain States Telephone and Telegraph Company, later becoming known as Mountain Bell, then US West Communications, Inc. from 1991 to 2000. It includes the former operations of Malheur Bell, Northwestern Bell and Pacific Northwest Bell as well.

CMBT vs CTBB — Head-to-Head

Bigger by revenue
CTBB
CTBB
1.9× larger
CTBB
$1.1B
$592.8M
CMBT
Growing faster (revenue YoY)
CTBB
CTBB
+19.5% gap
CTBB
-15.0%
-34.6%
CMBT
Higher net margin
CMBT
CMBT
219.7% more per $
CMBT
32.3%
-187.5%
CTBB

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
CMBT
CMBT
CTBB
CTBB
Revenue
$592.8M
$1.1B
Net Profit
$191.2M
$-2.1B
Gross Margin
67.9%
Operating Margin
46.4%
-183.2%
Net Margin
32.3%
-187.5%
Revenue YoY
-34.6%
-15.0%
Net Profit YoY
-63.3%
-627.9%
EPS (diluted)
$1.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CMBT
CMBT
CTBB
CTBB
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.2B
Q4 24
$592.8M
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.3B
Net Profit
CMBT
CMBT
CTBB
CTBB
Q4 25
$-2.1B
Q3 25
$176.0M
Q2 25
$277.0M
Q1 25
$284.0M
Q4 24
$191.2M
$391.0M
Q3 24
$365.0M
Q2 24
$378.0M
Q1 24
$353.0M
Gross Margin
CMBT
CMBT
CTBB
CTBB
Q4 25
67.9%
Q3 25
65.3%
Q2 25
68.2%
Q1 25
69.3%
Q4 24
71.2%
Q3 24
69.9%
Q2 24
71.6%
Q1 24
71.9%
Operating Margin
CMBT
CMBT
CTBB
CTBB
Q4 25
-183.2%
Q3 25
22.3%
Q2 25
33.1%
Q1 25
33.7%
Q4 24
46.4%
40.7%
Q3 24
38.5%
Q2 24
40.3%
Q1 24
37.6%
Net Margin
CMBT
CMBT
CTBB
CTBB
Q4 25
-187.5%
Q3 25
16.1%
Q2 25
24.3%
Q1 25
24.7%
Q4 24
32.3%
30.2%
Q3 24
28.2%
Q2 24
28.7%
Q1 24
26.8%
EPS (diluted)
CMBT
CMBT
CTBB
CTBB
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$1.01
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMBT
CMBT
CTBB
CTBB
Cash + ST InvestmentsLiquidity on hand
$38.9M
$39.0M
Total DebtLower is stronger
$2.6B
$1.7B
Stockholders' EquityBook value
$1.2B
$10.9B
Total Assets
$3.9B
$15.8B
Debt / EquityLower = less leverage
2.20×
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBT
CMBT
CTBB
CTBB
Q4 25
$39.0M
Q3 25
$36.0M
Q2 25
$25.0M
Q1 25
$40.0M
Q4 24
$38.9M
$26.0M
Q3 24
$22.0M
Q2 24
$18.0M
Q1 24
$14.0M
Total Debt
CMBT
CMBT
CTBB
CTBB
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$2.6B
$1.7B
Q3 24
$1.7B
Q2 24
$1.9B
Q1 24
$1.9B
Stockholders' Equity
CMBT
CMBT
CTBB
CTBB
Q4 25
$10.9B
Q3 25
$13.0B
Q2 25
$12.8B
Q1 25
$12.5B
Q4 24
$1.2B
$12.2B
Q3 24
$11.9B
Q2 24
$11.5B
Q1 24
$11.1B
Total Assets
CMBT
CMBT
CTBB
CTBB
Q4 25
$15.8B
Q3 25
$17.9B
Q2 25
$17.8B
Q1 25
$17.6B
Q4 24
$3.9B
$17.4B
Q3 24
$17.0B
Q2 24
$16.6B
Q1 24
$16.4B
Debt / Equity
CMBT
CMBT
CTBB
CTBB
Q4 25
0.15×
Q3 25
0.13×
Q2 25
0.13×
Q1 25
0.13×
Q4 24
2.20×
0.14×
Q3 24
0.14×
Q2 24
0.17×
Q1 24
0.17×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMBT
CMBT
CTBB
CTBB
Operating Cash FlowLast quarter
$204.4M
$402.0M
Free Cash FlowOCF − Capex
$160.0M
FCF MarginFCF / Revenue
14.5%
Capex IntensityCapex / Revenue
22.0%
Cash ConversionOCF / Net Profit
1.07×
TTM Free Cash FlowTrailing 4 quarters
$938.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBT
CMBT
CTBB
CTBB
Q4 25
$402.0M
Q3 25
$427.0M
Q2 25
$480.0M
Q1 25
$453.0M
Q4 24
$204.4M
$548.0M
Q3 24
$627.0M
Q2 24
$548.0M
Q1 24
$471.0M
Free Cash Flow
CMBT
CMBT
CTBB
CTBB
Q4 25
$160.0M
Q3 25
$252.0M
Q2 25
$276.0M
Q1 25
$250.0M
Q4 24
$277.0M
Q3 24
$396.0M
Q2 24
$280.0M
Q1 24
$194.0M
FCF Margin
CMBT
CMBT
CTBB
CTBB
Q4 25
14.5%
Q3 25
23.1%
Q2 25
24.2%
Q1 25
21.7%
Q4 24
21.4%
Q3 24
30.6%
Q2 24
21.3%
Q1 24
14.7%
Capex Intensity
CMBT
CMBT
CTBB
CTBB
Q4 25
22.0%
Q3 25
16.0%
Q2 25
17.9%
Q1 25
17.6%
Q4 24
20.9%
Q3 24
17.9%
Q2 24
20.4%
Q1 24
21.0%
Cash Conversion
CMBT
CMBT
CTBB
CTBB
Q4 25
Q3 25
2.43×
Q2 25
1.73×
Q1 25
1.60×
Q4 24
1.07×
1.40×
Q3 24
1.72×
Q2 24
1.45×
Q1 24
1.33×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CMBT
CMBT

Segment breakdown not available.

CTBB
CTBB

Nonrelated Party$665.0M60%
Other$436.0M40%

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