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Crown Castle（CCI）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是Crown Castle的1.2倍（$1.2B vs $1.0B），ROKU, INC净利率更高（-2.2% vs -45.9%，领先43.7%），Crown Castle同比增速更快（-4.8% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $-43.0M），过去两年ROKU, INC的营收复合增速更高（13.6% 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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
CCI vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.2倍
$1.0B
营收增速更快
CCI
高出13.5%
-18.3%
净利率更高
ROKU
高出43.7%
-45.9%
自由现金流更多
ROKU
多$341.4M
$-43.0M
两年增速更快
ROKU
近两年复合增速
-4.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $-464.0M | $-27.4M |
| 毛利率 | — | 35.6% |
| 营业利润率 | 46.0% | 59.7% |
| 净利率 | -45.9% | -2.2% |
| 营收同比 | -4.8% | -18.3% |
| 净利润同比 | — | -361.0% |
| 每股收益（稀释后） | $1.48 | $0.57 |
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CCIROKU
| Q1 26 | $1.0B | $1.2B | ||
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.0B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.1B | $968.2M |
净利润CCIROKU
| Q1 26 | $-464.0M | $-27.4M | ||
| Q4 25 | $294.0M | $80.5M | ||
| Q3 25 | $323.0M | $24.8M | ||
| Q2 25 | $291.0M | $10.5M | ||
| Q1 25 | $-464.0M | $-27.4M | ||
| Q4 24 | — | $-35.5M | ||
| Q3 24 | $303.0M | $-9.0M | ||
| Q2 24 | $251.0M | $-34.0M |
毛利率CCIROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 97.4% | 43.5% | ||
| Q3 25 | 97.2% | 43.4% | ||
| Q2 25 | 97.5% | 44.8% | ||
| Q1 25 | 97.4% | 43.6% | ||
| Q4 24 | 97.7% | 42.7% | ||
| Q3 24 | 97.6% | 45.2% | ||
| Q2 24 | 97.7% | 43.9% |
营业利润率CCIROKU
| Q1 26 | 46.0% | 59.7% | ||
| Q4 25 | 48.8% | 4.7% | ||
| Q3 25 | 49.0% | 0.8% | ||
| Q2 25 | 47.7% | -2.1% | ||
| Q1 25 | 49.1% | -5.7% | ||
| Q4 24 | 51.0% | -3.3% | ||
| Q3 24 | 47.5% | -3.4% | ||
| Q2 24 | 44.7% | -7.4% |
净利率CCIROKU
| Q1 26 | -45.9% | -2.2% | ||
| Q4 25 | 27.5% | 5.8% | ||
| Q3 25 | 30.1% | 2.0% | ||
| Q2 25 | 27.5% | 0.9% | ||
| Q1 25 | -43.7% | -2.7% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | 27.1% | -0.9% | ||
| Q2 24 | 22.7% | -3.5% |
每股收益（稀释后）CCIROKU
| Q1 26 | $1.48 | $0.57 | ||
| Q4 25 | $0.67 | $0.55 | ||
| Q3 25 | $0.74 | $0.16 | ||
| Q2 25 | $0.67 | $0.07 | ||
| Q1 25 | $-1.07 | $-0.19 | ||
| Q4 24 | — | $-0.24 | ||
| Q3 24 | $0.70 | $-0.06 | ||
| Q2 24 | $0.58 | $-0.24 |
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 | $2.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $2.7B |
| 总资产 | $31.4B | $4.4B |
| 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CCIROKU
| Q1 26 | $55.0M | $2.4B | ||
| Q4 25 | $99.0M | $2.3B | ||
| Q3 25 | $57.0M | $2.3B | ||
| Q2 25 | $94.0M | $2.3B | ||
| Q1 25 | $60.0M | $2.3B | ||
| Q4 24 | $100.0M | $2.2B | ||
| Q3 24 | $194.0M | $2.1B | ||
| Q2 24 | $155.0M | $2.1B |
总债务CCIROKU
| 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CCIROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $-1.6B | $2.7B | ||
| Q3 25 | $-1.5B | $2.6B | ||
| Q2 25 | $-1.4B | $2.6B | ||
| Q1 25 | $-1.3B | $2.5B | ||
| Q4 24 | $-133.0M | $2.5B | ||
| Q3 24 | $5.3B | $2.5B | ||
| Q2 24 | $5.7B | $2.4B |
总资产CCIROKU
| Q1 26 | $31.4B | $4.4B | ||
| Q4 25 | $31.5B | $4.4B | ||
| Q3 25 | $31.5B | $4.4B | ||
| Q2 25 | $31.6B | $4.3B | ||
| Q1 25 | $31.8B | $4.2B | ||
| Q4 24 | $32.7B | $4.3B | ||
| Q3 24 | $38.0B | $4.3B | ||
| Q2 24 | $38.2B | $4.1B |
负债/权益比CCIROKU
| 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 | — | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $-43.0M | $298.4M |
| 自由现金流率自由现金流/营收 | -4.3% | 23.9% |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $4.3B | $640.0M |
8季度趋势，按日历期对齐
经营现金流CCIROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $3.1B | $107.7M | ||
| Q3 25 | $714.0M | $127.6M | ||
| Q2 25 | $832.0M | $109.7M | ||
| Q1 25 | $641.0M | $138.7M | ||
| Q4 24 | $2.9B | $79.3M | ||
| Q3 24 | $699.0M | $68.7M | ||
| Q2 24 | $768.0M | $23.4M |
自由现金流CCIROKU
| Q1 26 | $-43.0M | $298.4M | ||
| Q4 25 | $2.9B | $106.6M | ||
| Q3 25 | $671.0M | $126.5M | ||
| Q2 25 | $792.0M | $108.6M | ||
| Q1 25 | $601.0M | $136.8M | ||
| Q4 24 | $2.8B | $76.8M | ||
| Q3 24 | $661.0M | $67.6M | ||
| Q2 24 | $729.0M | $22.5M |
自由现金流率CCIROKU
| Q1 26 | -4.3% | 23.9% | ||
| Q4 25 | 268.4% | 7.6% | ||
| Q3 25 | 62.6% | 10.4% | ||
| Q2 25 | 74.7% | 9.8% | ||
| Q1 25 | 56.6% | 13.4% | ||
| Q4 24 | 247.3% | 6.4% | ||
| Q3 24 | 59.0% | 6.4% | ||
| Q2 24 | 65.9% | 2.3% |
资本支出强度CCIROKU
| Q1 26 | 1.0% | — | ||
| Q4 25 | 17.0% | 0.1% | ||
| Q3 25 | 4.0% | 0.1% | ||
| Q2 25 | 3.8% | 0.1% | ||
| Q1 25 | 3.8% | 0.2% | ||
| Q4 24 | 15.7% | 0.2% | ||
| Q3 24 | 3.4% | 0.1% | ||
| Q2 24 | 3.5% | 0.1% |
现金转化率CCIROKU
| Q1 26 | — | — | ||
| Q4 25 | 10.40× | 1.34× | ||
| Q3 25 | 2.21× | 5.14× | ||
| Q2 25 | 2.86× | 10.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.31× | — | ||
| 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% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
