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Crown Castle（CCI）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是Crown Castle的1.8倍（$1.8B vs $1.0B），Masco净利率更高（9.2% vs -45.9%，领先55.1%），Masco同比增速更快（-1.9% vs -4.8%），Masco自由现金流更多（$371.0M vs $-43.0M），过去两年Masco的营收复合增速更高（-3.5% 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。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
CCI vs MAS — 直观对比
营收规模更大
MAS
是对方的1.8倍
$1.0B
营收增速更快
MAS
高出2.9%
-4.8%
净利率更高
MAS
高出55.1%
-45.9%
自由现金流更多
MAS
多$414.0M
$-43.0M
两年增速更快
MAS
近两年复合增速
-4.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.8B |
| 净利润 | $-464.0M | $165.0M |
| 毛利率 | — | 33.9% |
| 营业利润率 | 46.0% | 13.8% |
| 净利率 | -45.9% | 9.2% |
| 营收同比 | -4.8% | -1.9% |
| 净利润同比 | — | -9.3% |
| 每股收益（稀释后） | $1.48 | $0.81 |
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CCIMAS
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $1.1B | $1.8B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.1B | $2.1B |
净利润CCIMAS
| Q1 26 | $-464.0M | — | ||
| Q4 25 | $294.0M | $165.0M | ||
| Q3 25 | $323.0M | $189.0M | ||
| Q2 25 | $291.0M | $270.0M | ||
| Q1 25 | $-464.0M | $186.0M | ||
| Q4 24 | — | $182.0M | ||
| Q3 24 | $303.0M | $167.0M | ||
| Q2 24 | $251.0M | $258.0M |
毛利率CCIMAS
| Q1 26 | — | — | ||
| Q4 25 | 97.4% | 33.9% | ||
| Q3 25 | 97.2% | 34.2% | ||
| Q2 25 | 97.5% | 37.6% | ||
| Q1 25 | 97.4% | 35.8% | ||
| Q4 24 | 97.7% | 34.8% | ||
| Q3 24 | 97.6% | 36.6% | ||
| Q2 24 | 97.7% | 37.5% |
营业利润率CCIMAS
| Q1 26 | 46.0% | — | ||
| Q4 25 | 48.8% | 13.8% | ||
| Q3 25 | 49.0% | 15.8% | ||
| Q2 25 | 47.7% | 20.1% | ||
| Q1 25 | 49.1% | 15.9% | ||
| Q4 24 | 51.0% | 15.9% | ||
| Q3 24 | 47.5% | 18.0% | ||
| Q2 24 | 44.7% | 19.0% |
净利率CCIMAS
| Q1 26 | -45.9% | — | ||
| Q4 25 | 27.5% | 9.2% | ||
| Q3 25 | 30.1% | 9.9% | ||
| Q2 25 | 27.5% | 13.2% | ||
| Q1 25 | -43.7% | 10.3% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | 27.1% | 8.4% | ||
| Q2 24 | 22.7% | 12.3% |
每股收益（稀释后）CCIMAS
| Q1 26 | $1.48 | — | ||
| Q4 25 | $0.67 | $0.81 | ||
| Q3 25 | $0.74 | $0.90 | ||
| Q2 25 | $0.67 | $1.28 | ||
| Q1 25 | $-1.07 | $0.87 | ||
| Q4 24 | — | $0.85 | ||
| Q3 24 | $0.70 | $0.77 | ||
| Q2 24 | $0.58 | $1.17 |
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 | $55.0M | $647.0M |
| 总债务越低越好 | — | $2.9B |
| 股东权益账面价值 | — | $-185.0M |
| 总资产 | $31.4B | $5.2B |
| 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CCIMAS
| Q1 26 | $55.0M | — | ||
| Q4 25 | $99.0M | $647.0M | ||
| Q3 25 | $57.0M | $559.0M | ||
| Q2 25 | $94.0M | $390.0M | ||
| Q1 25 | $60.0M | $377.0M | ||
| Q4 24 | $100.0M | $634.0M | ||
| Q3 24 | $194.0M | $646.0M | ||
| Q2 24 | $155.0M | $398.0M |
总债务CCIMAS
| Q1 26 | — | — | ||
| Q4 25 | $21.6B | $2.9B | ||
| Q3 25 | $21.6B | — | ||
| Q2 25 | $22.0B | — | ||
| Q1 25 | $22.9B | — | ||
| Q4 24 | $23.5B | $2.9B | ||
| Q3 24 | $23.5B | — | ||
| Q2 24 | $22.9B | — |
股东权益CCIMAS
| Q1 26 | — | — | ||
| Q4 25 | $-1.6B | $-185.0M | ||
| Q3 25 | $-1.5B | $-78.0M | ||
| Q2 25 | $-1.4B | $-84.0M | ||
| Q1 25 | $-1.3B | $-254.0M | ||
| Q4 24 | $-133.0M | $-279.0M | ||
| Q3 24 | $5.3B | $-88.0M | ||
| Q2 24 | $5.7B | $-26.0M |
总资产CCIMAS
| Q1 26 | $31.4B | — | ||
| Q4 25 | $31.5B | $5.2B | ||
| Q3 25 | $31.5B | $5.3B | ||
| Q2 25 | $31.6B | $5.3B | ||
| Q1 25 | $31.8B | $5.1B | ||
| Q4 24 | $32.7B | $5.0B | ||
| Q3 24 | $38.0B | $5.3B | ||
| Q2 24 | $38.2B | $5.4B |
负债/权益比CCIMAS
| 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 | — | $418.0M |
| 自由现金流经营现金流 - 资本支出 | $-43.0M | $371.0M |
| 自由现金流率自由现金流/营收 | -4.3% | 20.7% |
| 资本支出强度资本支出/营收 | 1.0% | 2.6% |
| 现金转化率经营现金流/净利润 | — | 2.53× |
| 过去12个月自由现金流最近4个季度 | $4.3B | $866.0M |
8季度趋势，按日历期对齐
经营现金流CCIMAS
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $418.0M | ||
| Q3 25 | $714.0M | $456.0M | ||
| Q2 25 | $832.0M | $306.0M | ||
| Q1 25 | $641.0M | $-158.0M | ||
| Q4 24 | $2.9B | $407.0M | ||
| Q3 24 | $699.0M | $416.0M | ||
| Q2 24 | $768.0M | $346.0M |
自由现金流CCIMAS
| Q1 26 | $-43.0M | — | ||
| Q4 25 | $2.9B | $371.0M | ||
| Q3 25 | $671.0M | $415.0M | ||
| Q2 25 | $792.0M | $270.0M | ||
| Q1 25 | $601.0M | $-190.0M | ||
| Q4 24 | $2.8B | $351.0M | ||
| Q3 24 | $661.0M | $378.0M | ||
| Q2 24 | $729.0M | $303.0M |
自由现金流率CCIMAS
| Q1 26 | -4.3% | — | ||
| Q4 25 | 268.4% | 20.7% | ||
| Q3 25 | 62.6% | 21.6% | ||
| Q2 25 | 74.7% | 13.2% | ||
| Q1 25 | 56.6% | -10.5% | ||
| Q4 24 | 247.3% | 19.2% | ||
| Q3 24 | 59.0% | 19.1% | ||
| Q2 24 | 65.9% | 14.5% |
资本支出强度CCIMAS
| Q1 26 | 1.0% | — | ||
| Q4 25 | 17.0% | 2.6% | ||
| Q3 25 | 4.0% | 2.1% | ||
| Q2 25 | 3.8% | 1.8% | ||
| Q1 25 | 3.8% | 1.8% | ||
| Q4 24 | 15.7% | 3.1% | ||
| Q3 24 | 3.4% | 1.9% | ||
| Q2 24 | 3.5% | 2.1% |
现金转化率CCIMAS
| Q1 26 | — | — | ||
| Q4 25 | 10.40× | 2.53× | ||
| Q3 25 | 2.21× | 2.41× | ||
| Q2 25 | 2.86× | 1.13× | ||
| Q1 25 | — | -0.85× | ||
| Q4 24 | — | 2.24× | ||
| Q3 24 | 2.31× | 2.49× | ||
| Q2 24 | 3.06× | 1.34× |
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% |
MAS
| Plumbing Products | $844.0M | 47% |
| Decorative Architectural Products | $545.0M | 30% |
| Other | $404.0M | 23% |
