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Crown Castle（CCI）与CIENA CORP（CIEN）财务数据对比。点击上方公司名可切换其他公司
CIENA CORP的季度营收约是Crown Castle的1.2倍（$1.2B vs $1.0B），Crown Castle净利率更高（77.2% vs 4.1%，领先73.1%），CIENA CORP自由现金流更多（$134.6M vs $-43.0M），过去两年CIENA CORP的营收复合增速更高（3.9% vs -4.5%）
Crown Castle Inc.是总部位于美国得克萨斯州休斯敦的房地产投资信托企业，同时是美国共享通信基础设施服务商，在全球设有100个办事处，旗下拥有超4万座信号塔、约8.5万英里光纤线路，为小基站及光纤系统提供网络支撑。
Ciena是总部位于美国马里兰州汉诺威的光网络系统及软件提供商，是光连接领域的核心参与者。截至2025年11月，公司营收达48亿美元，全球员工超9000人，由加里·史密斯担任总裁兼首席执行官。
CCI vs CIEN — 直观对比
营收规模更大
CIEN
是对方的1.2倍
$1.0B
净利率更高
CCI
高出73.1%
4.1%
自由现金流更多
CIEN
多$177.6M
$-43.0M
两年增速更快
CIEN
近两年复合增速
-4.5%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $780.0M | $50.3M |
| 毛利率 | — | 41.3% |
| 营业利润率 | — | 6.0% |
| 净利率 | 77.2% | 4.1% |
| 营收同比 | -4.8% | — |
| 净利润同比 | 76.0% | — |
| 每股收益（稀释后） | $1.80 | $0.35 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CCICIEN
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.1B | $942.3M | ||
| Q2 24 | $1.1B | $910.8M |
净利润CCICIEN
| Q1 26 | $780.0M | — | ||
| Q4 25 | $294.0M | — | ||
| Q3 25 | $323.0M | $50.3M | ||
| Q2 25 | $291.0M | $9.0M | ||
| Q1 25 | $-464.0M | $44.6M | ||
| Q4 24 | — | $37.0M | ||
| Q3 24 | $303.0M | $14.2M | ||
| Q2 24 | $251.0M | $-16.8M |
毛利率CCICIEN
| Q1 26 | — | — | ||
| Q4 25 | 97.4% | — | ||
| Q3 25 | 97.2% | 41.3% | ||
| Q2 25 | 97.5% | 40.2% | ||
| Q1 25 | 97.4% | 44.0% | ||
| Q4 24 | 97.7% | 40.9% | ||
| Q3 24 | 97.6% | 42.9% | ||
| Q2 24 | 97.7% | 42.7% |
营业利润率CCICIEN
| Q1 26 | — | — | ||
| Q4 25 | 48.8% | — | ||
| Q3 25 | 49.0% | 6.0% | ||
| Q2 25 | 47.7% | 2.9% | ||
| Q1 25 | 49.1% | 7.5% | ||
| Q4 24 | 51.0% | 5.3% | ||
| Q3 24 | 47.5% | 2.8% | ||
| Q2 24 | 44.7% | -0.4% |
净利率CCICIEN
| Q1 26 | 77.2% | — | ||
| Q4 25 | 27.5% | — | ||
| Q3 25 | 30.1% | 4.1% | ||
| Q2 25 | 27.5% | 0.8% | ||
| Q1 25 | -43.7% | 4.2% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | 27.1% | 1.5% | ||
| Q2 24 | 22.7% | -1.8% |
每股收益（稀释后）CCICIEN
| Q1 26 | $1.80 | — | ||
| Q4 25 | $0.67 | — | ||
| Q3 25 | $0.74 | $0.35 | ||
| Q2 25 | $0.67 | $0.06 | ||
| Q1 25 | $-1.07 | $0.31 | ||
| Q4 24 | — | $0.26 | ||
| Q3 24 | $0.70 | $0.10 | ||
| Q2 24 | $0.58 | $-0.12 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $55.0K | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $2.8B |
| 总资产 | $31.4M | $5.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CCICIEN
| Q1 26 | $55.0K | — | ||
| Q4 25 | $99.0M | — | ||
| Q3 25 | $57.0M | $1.3B | ||
| Q2 25 | $94.0M | $1.3B | ||
| Q1 25 | $60.0M | $1.2B | ||
| Q4 24 | $100.0M | $1.3B | ||
| Q3 24 | $194.0M | $1.1B | ||
| Q2 24 | $155.0M | $1.3B |
总债务CCICIEN
| Q1 26 | — | — | ||
| Q4 25 | $21.6B | — | ||
| Q3 25 | $21.6B | — | ||
| Q2 25 | $22.0B | — | ||
| Q1 25 | $22.9B | — | ||
| Q4 24 | $23.5B | — | ||
| Q3 24 | $23.5B | — | ||
| Q2 24 | $22.9B | — |
股东权益CCICIEN
| Q1 26 | — | — | ||
| Q4 25 | $-1.6B | — | ||
| Q3 25 | $-1.5B | $2.8B | ||
| Q2 25 | $-1.4B | $2.8B | ||
| Q1 25 | $-1.3B | $2.8B | ||
| Q4 24 | $-133.0M | $2.8B | ||
| Q3 24 | $5.3B | $2.9B | ||
| Q2 24 | $5.7B | $2.9B |
总资产CCICIEN
| Q1 26 | $31.4M | — | ||
| Q4 25 | $31.5B | — | ||
| Q3 25 | $31.5B | $5.7B | ||
| Q2 25 | $31.6B | $5.7B | ||
| Q1 25 | $31.8B | $5.6B | ||
| Q4 24 | $32.7B | $5.6B | ||
| Q3 24 | $38.0B | $5.6B | ||
| Q2 24 | $38.2B | $5.6B |
负债/权益比CCICIEN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.43× | — | ||
| Q2 24 | 4.04× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $174.3M |
| 自由现金流经营现金流 - 资本支出 | $-43.0M | $134.6M |
| 自由现金流率自由现金流/营收 | -4.3% | 11.0% |
| 资本支出强度资本支出/营收 | 14.9% | 3.3% |
| 现金转化率经营现金流/净利润 | — | 3.47× |
| 过去12个月自由现金流最近4个季度 | $4.3B | $605.5M |
8季度趋势，按日历期对齐
经营现金流CCICIEN
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $714.0M | $174.3M | ||
| Q2 25 | $832.0M | $156.9M | ||
| Q1 25 | $641.0M | $103.7M | ||
| Q4 24 | $2.9B | $349.4M | ||
| Q3 24 | $699.0M | $-159.4M | ||
| Q2 24 | $768.0M | $58.5M |
自由现金流CCICIEN
| Q1 26 | $-43.0M | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $671.0M | $134.6M | ||
| Q2 25 | $792.0M | $128.2M | ||
| Q1 25 | $601.0M | $76.8M | ||
| Q4 24 | $2.8B | $265.8M | ||
| Q3 24 | $661.0M | $-179.0M | ||
| Q2 24 | $729.0M | $41.6M |
自由现金流率CCICIEN
| Q1 26 | -4.3% | — | ||
| Q4 25 | 268.4% | — | ||
| Q3 25 | 62.6% | 11.0% | ||
| Q2 25 | 74.7% | 11.4% | ||
| Q1 25 | 56.6% | 7.2% | ||
| Q4 24 | 247.3% | 23.6% | ||
| Q3 24 | 59.0% | -19.0% | ||
| Q2 24 | 65.9% | 4.6% |
资本支出强度CCICIEN
| Q1 26 | 14.9% | — | ||
| Q4 25 | 17.0% | — | ||
| Q3 25 | 4.0% | 3.3% | ||
| Q2 25 | 3.8% | 2.6% | ||
| Q1 25 | 3.8% | 2.5% | ||
| Q4 24 | 15.7% | 7.4% | ||
| Q3 24 | 3.4% | 2.1% | ||
| Q2 24 | 3.5% | 1.9% |
现金转化率CCICIEN
| Q1 26 | — | — | ||
| Q4 25 | 10.40× | — | ||
| Q3 25 | 2.21× | 3.47× | ||
| Q2 25 | 2.86× | 17.50× | ||
| Q1 25 | — | 2.33× | ||
| Q4 24 | — | 9.44× | ||
| Q3 24 | 2.31× | -11.20× | ||
| Q2 24 | 3.06× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CCI
| Site rental | $961.0M | 95% |
| Services and other | $49.0M | 5% |
CIEN
| Optical Networking | $815.5M | 67% |
| Routing And Switching | $125.9M | 10% |
| Platform Softwareand Services Segment | $90.0M | 7% |
| Maintenance Support And Training | $80.7M | 7% |
| Installation And Deployment | $65.9M | 5% |
| Blue Planet Automation Softwareand Services Segment | $27.8M | 2% |
| Consulting And Network Design | $13.6M | 1% |
