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Crown Castle（CCI）与FTAI Aviation Ltd.（FTAI）财务数据对比。点击上方公司名可切换其他公司
Crown Castle的季度营收约是FTAI Aviation Ltd.的1.5倍（$1.0B vs $662.0M），Crown Castle净利率更高（77.2% vs 17.5%，领先59.8%），FTAI Aviation Ltd.同比增速更快（32.7% vs -4.8%），Crown Castle自由现金流更多（$-43.0M vs $-189.3M），过去两年FTAI Aviation Ltd.的营收复合增速更高（42.4% 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。
FTAI航空有限公司是一家全球性航空基础设施及解决方案提供商，主营商用飞机、航空发动机及相关航空资产的持有、租赁与维护业务，为全球商用航空公司、货运运营商提供定制化资产管理及售后支持服务，助力客户提升运营效率。
CCI vs FTAI — 直观对比
营收规模更大
CCI
是对方的1.5倍
$662.0M
营收增速更快
FTAI
高出37.5%
-4.8%
净利率更高
CCI
高出59.8%
17.5%
自由现金流更多
CCI
多$146.3M
$-189.3M
两年增速更快
FTAI
近两年复合增速
-4.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $662.0M |
| 净利润 | $780.0M | $115.6M |
| 毛利率 | — | 44.3% |
| 营业利润率 | — | 20.3% |
| 净利率 | 77.2% | 17.5% |
| 营收同比 | -4.8% | 32.7% |
| 净利润同比 | 76.0% | 12.8% |
| 每股收益（稀释后） | $1.80 | $1.06 |
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CCIFTAI
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.1B | $662.0M | ||
| Q3 25 | $1.1B | $667.1M | ||
| Q2 25 | $1.1B | $676.2M | ||
| Q1 25 | $1.1B | $502.1M | ||
| Q4 24 | $1.1B | $498.8M | ||
| Q3 24 | $1.1B | $465.8M | ||
| Q2 24 | $1.1B | $443.6M |
净利润CCIFTAI
| Q1 26 | $780.0M | — | ||
| Q4 25 | $294.0M | $115.6M | ||
| Q3 25 | $323.0M | $117.7M | ||
| Q2 25 | $291.0M | $165.4M | ||
| Q1 25 | $-464.0M | $102.4M | ||
| Q4 24 | — | $102.4M | ||
| Q3 24 | $303.0M | $86.5M | ||
| Q2 24 | $251.0M | $-219.9M |
毛利率CCIFTAI
| Q1 26 | — | — | ||
| Q4 25 | 97.4% | 44.3% | ||
| Q3 25 | 97.2% | 45.6% | ||
| Q2 25 | 97.5% | 45.4% | ||
| Q1 25 | 97.4% | 50.5% | ||
| Q4 24 | 97.7% | 48.3% | ||
| Q3 24 | 97.6% | 52.9% | ||
| Q2 24 | 97.7% | 53.6% |
营业利润率CCIFTAI
| Q1 26 | — | — | ||
| Q4 25 | 48.8% | 20.3% | ||
| Q3 25 | 49.0% | 21.6% | ||
| Q2 25 | 47.7% | 30.1% | ||
| Q1 25 | 49.1% | 24.9% | ||
| Q4 24 | 51.0% | 21.7% | ||
| Q3 24 | 47.5% | 20.1% | ||
| Q2 24 | 44.7% | -52.5% |
净利率CCIFTAI
| Q1 26 | 77.2% | — | ||
| Q4 25 | 27.5% | 17.5% | ||
| Q3 25 | 30.1% | 17.6% | ||
| Q2 25 | 27.5% | 24.5% | ||
| Q1 25 | -43.7% | 20.4% | ||
| Q4 24 | — | 20.5% | ||
| Q3 24 | 27.1% | 18.6% | ||
| Q2 24 | 22.7% | -49.6% |
每股收益（稀释后）CCIFTAI
| Q1 26 | $1.80 | — | ||
| Q4 25 | $0.67 | $1.06 | ||
| Q3 25 | $0.74 | $1.10 | ||
| Q2 25 | $0.67 | $1.57 | ||
| Q1 25 | $-1.07 | $0.87 | ||
| Q4 24 | — | $0.87 | ||
| Q3 24 | $0.70 | $0.76 | ||
| Q2 24 | $0.58 | $-2.26 |
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 | $300.5M |
| 总债务越低越好 | — | $3.4B |
| 股东权益账面价值 | — | $334.2M |
| 总资产 | $31.4M | $4.4B |
| 负债/权益比越低杠杆越低 | — | 10.32× |
8季度趋势，按日历期对齐
现金及短期投资CCIFTAI
| Q1 26 | $55.0K | — | ||
| Q4 25 | $99.0M | $300.5M | ||
| Q3 25 | $57.0M | $509.9M | ||
| Q2 25 | $94.0M | $301.9M | ||
| Q1 25 | $60.0M | $112.1M | ||
| Q4 24 | $100.0M | $115.1M | ||
| Q3 24 | $194.0M | $111.9M | ||
| Q2 24 | $155.0M | $169.5M |
总债务CCIFTAI
| Q1 26 | — | — | ||
| Q4 25 | $21.6B | $3.4B | ||
| Q3 25 | $21.6B | $3.4B | ||
| Q2 25 | $22.0B | $3.4B | ||
| Q1 25 | $22.9B | $3.6B | ||
| Q4 24 | $23.5B | $3.4B | ||
| Q3 24 | $23.5B | $3.2B | ||
| Q2 24 | $22.9B | $3.1B |
股东权益CCIFTAI
| Q1 26 | — | — | ||
| Q4 25 | $-1.6B | $334.2M | ||
| Q3 25 | $-1.5B | $252.5M | ||
| Q2 25 | $-1.4B | $164.9M | ||
| Q1 25 | $-1.3B | $28.3M | ||
| Q4 24 | $-133.0M | $81.4M | ||
| Q3 24 | $5.3B | $118.5M | ||
| Q2 24 | $5.7B | $69.6M |
总资产CCIFTAI
| Q1 26 | $31.4M | — | ||
| Q4 25 | $31.5B | $4.4B | ||
| Q3 25 | $31.5B | $4.2B | ||
| Q2 25 | $31.6B | $4.1B | ||
| Q1 25 | $31.8B | $4.3B | ||
| Q4 24 | $32.7B | $4.0B | ||
| Q3 24 | $38.0B | $3.7B | ||
| Q2 24 | $38.2B | $3.4B |
负债/权益比CCIFTAI
| Q1 26 | — | — | ||
| Q4 25 | — | 10.32× | ||
| Q3 25 | — | 13.65× | ||
| Q2 25 | — | 20.88× | ||
| Q1 25 | — | 128.56× | ||
| Q4 24 | — | 42.28× | ||
| Q3 24 | 4.43× | 27.15× | ||
| Q2 24 | 4.04× | 44.24× |
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 | — | $-179.1M |
| 自由现金流经营现金流 - 资本支出 | $-43.0M | $-189.3M |
| 自由现金流率自由现金流/营收 | -4.3% | -28.6% |
| 资本支出强度资本支出/营收 | 14.9% | 1.5% |
| 现金转化率经营现金流/净利润 | — | -1.55× |
| 过去12个月自由现金流最近4个季度 | $4.3B | $-338.5M |
8季度趋势，按日历期对齐
经营现金流CCIFTAI
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $-179.1M | ||
| Q3 25 | $714.0M | $4.6M | ||
| Q2 25 | $832.0M | $-110.3M | ||
| Q1 25 | $641.0M | $-26.0M | ||
| Q4 24 | $2.9B | $-41.8M | ||
| Q3 24 | $699.0M | $41.5M | ||
| Q2 24 | $768.0M | $-187.3M |
自由现金流CCIFTAI
| Q1 26 | $-43.0M | — | ||
| Q4 25 | $2.9B | $-189.3M | ||
| Q3 25 | $671.0M | $-1.8M | ||
| Q2 25 | $792.0M | $-117.2M | ||
| Q1 25 | $601.0M | $-30.1M | ||
| Q4 24 | $2.8B | $-48.1M | ||
| Q3 24 | $661.0M | $41.0M | ||
| Q2 24 | $729.0M | $-188.4M |
自由现金流率CCIFTAI
| Q1 26 | -4.3% | — | ||
| Q4 25 | 268.4% | -28.6% | ||
| Q3 25 | 62.6% | -0.3% | ||
| Q2 25 | 74.7% | -17.3% | ||
| Q1 25 | 56.6% | -6.0% | ||
| Q4 24 | 247.3% | -9.6% | ||
| Q3 24 | 59.0% | 8.8% | ||
| Q2 24 | 65.9% | -42.5% |
资本支出强度CCIFTAI
| Q1 26 | 14.9% | — | ||
| Q4 25 | 17.0% | 1.5% | ||
| Q3 25 | 4.0% | 1.0% | ||
| Q2 25 | 3.8% | 1.0% | ||
| Q1 25 | 3.8% | 0.8% | ||
| Q4 24 | 15.7% | 1.3% | ||
| Q3 24 | 3.4% | 0.1% | ||
| Q2 24 | 3.5% | 0.3% |
现金转化率CCIFTAI
| Q1 26 | — | — | ||
| Q4 25 | 10.40× | -1.55× | ||
| Q3 25 | 2.21× | 0.04× | ||
| Q2 25 | 2.86× | -0.67× | ||
| Q1 25 | — | -0.25× | ||
| Q4 24 | — | -0.41× | ||
| Q3 24 | 2.31× | 0.48× | ||
| 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% |
FTAI
| Aerospace Products | $355.5M | 54% |
| Other | $212.3M | 32% |
| Equipment Leasing Revenues | $49.2M | 7% |
| Maintenance | $43.4M | 7% |
| Manufactured Product Other | $1.6M | 0% |
