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Crown Castle（CCI）与OPEN TEXT CORP（OTEX）财务数据对比。点击上方公司名可切换其他公司
OPEN TEXT CORP的季度营收约是Crown Castle的1.3倍（$1.3B vs $1.0B），Crown Castle净利率更高（77.2% vs 12.7%，领先64.6%），OPEN TEXT CORP同比增速更快（-0.6% vs -4.8%），OPEN TEXT CORP自由现金流更多（$279.4M vs $-43.0M），过去两年OPEN TEXT CORP的营收复合增速更高（-4.3% 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。
Open Text Corporation是全球知名的跨国软件企业，专注于信息管理类软件的研发与销售，业务覆盖全球众多国家和地区，可为各行业客户提供成熟的信息管理解决方案，助力企业高效管理数据资产，推进数字化转型落地。
CCI vs OTEX — 直观对比
营收规模更大
OTEX
是对方的1.3倍
$1.0B
营收增速更快
OTEX
高出4.2%
-4.8%
净利率更高
CCI
高出64.6%
12.7%
自由现金流更多
OTEX
多$322.4M
$-43.0M
两年增速更快
OTEX
近两年复合增速
-4.5%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.3B |
| 净利润 | $780.0M | $168.1M |
| 毛利率 | — | 74.0% |
| 营业利润率 | — | 22.0% |
| 净利率 | 77.2% | 12.7% |
| 营收同比 | -4.8% | -0.6% |
| 净利润同比 | 76.0% | -26.9% |
| 每股收益（稀释后） | $1.80 | $0.66 |
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CCIOTEX
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $1.4B |
净利润CCIOTEX
| Q1 26 | $780.0M | — | ||
| Q4 25 | $294.0M | $168.1M | ||
| Q3 25 | $323.0M | $146.6M | ||
| Q2 25 | $291.0M | $28.8M | ||
| Q1 25 | $-464.0M | $92.8M | ||
| Q4 24 | — | $229.9M | ||
| Q3 24 | $303.0M | $84.4M | ||
| Q2 24 | $251.0M | $248.2M |
毛利率CCIOTEX
| Q1 26 | — | — | ||
| Q4 25 | 97.4% | 74.0% | ||
| Q3 25 | 97.2% | 72.8% | ||
| Q2 25 | 97.5% | 72.3% | ||
| Q1 25 | 97.4% | 71.6% | ||
| Q4 24 | 97.7% | 73.3% | ||
| Q3 24 | 97.6% | 71.7% | ||
| Q2 24 | 97.7% | 72.5% |
营业利润率CCIOTEX
| Q1 26 | — | — | ||
| Q4 25 | 48.8% | 22.0% | ||
| Q3 25 | 49.0% | 21.0% | ||
| Q2 25 | 47.7% | 13.9% | ||
| Q1 25 | 49.1% | 16.7% | ||
| Q4 24 | 51.0% | 22.2% | ||
| Q3 24 | 47.5% | 16.3% | ||
| Q2 24 | 44.7% | 14.2% |
净利率CCIOTEX
| Q1 26 | 77.2% | — | ||
| Q4 25 | 27.5% | 12.7% | ||
| Q3 25 | 30.1% | 11.4% | ||
| Q2 25 | 27.5% | 2.2% | ||
| Q1 25 | -43.7% | 7.4% | ||
| Q4 24 | — | 17.2% | ||
| Q3 24 | 27.1% | 6.6% | ||
| Q2 24 | 22.7% | 18.2% |
每股收益（稀释后）CCIOTEX
| Q1 26 | $1.80 | — | ||
| Q4 25 | $0.67 | $0.66 | ||
| Q3 25 | $0.74 | $0.58 | ||
| Q2 25 | $0.67 | $0.11 | ||
| Q1 25 | $-1.07 | $0.35 | ||
| Q4 24 | — | $0.87 | ||
| Q3 24 | $0.70 | $0.32 | ||
| Q2 24 | $0.58 | $0.91 |
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 | — | $6.4B |
| 股东权益账面价值 | — | $4.0B |
| 总资产 | $31.4M | $13.6B |
| 负债/权益比越低杠杆越低 | — | 1.58× |
8季度趋势，按日历期对齐
现金及短期投资CCIOTEX
| Q1 26 | $55.0K | — | ||
| Q4 25 | $99.0M | $1.3B | ||
| Q3 25 | $57.0M | $1.1B | ||
| Q2 25 | $94.0M | $1.2B | ||
| Q1 25 | $60.0M | $1.3B | ||
| Q4 24 | $100.0M | $1.1B | ||
| Q3 24 | $194.0M | $1.0B | ||
| Q2 24 | $155.0M | $1.3B |
总债务CCIOTEX
| Q1 26 | — | — | ||
| Q4 25 | $21.6B | $6.4B | ||
| Q3 25 | $21.6B | $6.4B | ||
| Q2 25 | $22.0B | $6.4B | ||
| Q1 25 | $22.9B | $6.4B | ||
| Q4 24 | $23.5B | $6.4B | ||
| Q3 24 | $23.5B | $6.4B | ||
| Q2 24 | $22.9B | $6.4B |
股东权益CCIOTEX
| Q1 26 | — | — | ||
| Q4 25 | $-1.6B | $4.0B | ||
| Q3 25 | $-1.5B | $4.0B | ||
| Q2 25 | $-1.4B | $3.9B | ||
| Q1 25 | $-1.3B | $4.1B | ||
| Q4 24 | $-133.0M | $4.2B | ||
| Q3 24 | $5.3B | $4.1B | ||
| Q2 24 | $5.7B | $4.2B |
总资产CCIOTEX
| Q1 26 | $31.4M | — | ||
| Q4 25 | $31.5B | $13.6B | ||
| Q3 25 | $31.5B | $13.5B | ||
| Q2 25 | $31.6B | $13.8B | ||
| Q1 25 | $31.8B | $13.8B | ||
| Q4 24 | $32.7B | $13.7B | ||
| Q3 24 | $38.0B | $13.8B | ||
| Q2 24 | $38.2B | $14.2B |
负债/权益比CCIOTEX
| Q1 26 | — | — | ||
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | 4.43× | 1.55× | ||
| Q2 24 | 4.04× | 1.52× |
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 | — | $318.7M |
| 自由现金流经营现金流 - 资本支出 | $-43.0M | $279.4M |
| 自由现金流率自由现金流/营收 | -4.3% | 21.1% |
| 资本支出强度资本支出/营收 | 14.9% | 3.0% |
| 现金转化率经营现金流/净利润 | — | 1.90× |
| 过去12个月自由现金流最近4个季度 | $4.3B | $878.5M |
8季度趋势，按日历期对齐
经营现金流CCIOTEX
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $318.7M | ||
| Q3 25 | $714.0M | $147.8M | ||
| Q2 25 | $832.0M | $158.2M | ||
| Q1 25 | $641.0M | $402.2M | ||
| Q4 24 | $2.9B | $348.0M | ||
| Q3 24 | $699.0M | $-77.8M | ||
| Q2 24 | $768.0M | $185.2M |
自由现金流CCIOTEX
| Q1 26 | $-43.0M | — | ||
| Q4 25 | $2.9B | $279.4M | ||
| Q3 25 | $671.0M | $101.2M | ||
| Q2 25 | $792.0M | $124.0M | ||
| Q1 25 | $601.0M | $373.8M | ||
| Q4 24 | $2.8B | $306.7M | ||
| Q3 24 | $661.0M | $-117.1M | ||
| Q2 24 | $729.0M | $145.2M |
自由现金流率CCIOTEX
| Q1 26 | -4.3% | — | ||
| Q4 25 | 268.4% | 21.1% | ||
| Q3 25 | 62.6% | 7.9% | ||
| Q2 25 | 74.7% | 9.5% | ||
| Q1 25 | 56.6% | 29.8% | ||
| Q4 24 | 247.3% | 23.0% | ||
| Q3 24 | 59.0% | -9.2% | ||
| Q2 24 | 65.9% | 10.7% |
资本支出强度CCIOTEX
| Q1 26 | 14.9% | — | ||
| Q4 25 | 17.0% | 3.0% | ||
| Q3 25 | 4.0% | 3.6% | ||
| Q2 25 | 3.8% | 2.6% | ||
| Q1 25 | 3.8% | 2.3% | ||
| Q4 24 | 15.7% | 3.1% | ||
| Q3 24 | 3.4% | 3.1% | ||
| Q2 24 | 3.5% | 2.9% |
现金转化率CCIOTEX
| Q1 26 | — | — | ||
| Q4 25 | 10.40× | 1.90× | ||
| Q3 25 | 2.21× | 1.01× | ||
| Q2 25 | 2.86× | 5.49× | ||
| Q1 25 | — | 4.33× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | 2.31× | -0.92× | ||
| Q2 24 | 3.06× | 0.75× |
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% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
