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Crown Castle（CCI）与TUTOR PERINI CORP（TPC）财务数据对比。点击上方公司名可切换其他公司
TUTOR PERINI CORP的季度营收约是Crown Castle的1.5倍（$1.5B vs $1.0B），Crown Castle净利率更高（77.2% vs 1.9%，领先75.3%），TUTOR PERINI CORP同比增速更快（41.2% vs -4.8%），TUTOR PERINI CORP自由现金流更多（$98.7M vs $-43.0M），过去两年TUTOR PERINI CORP的营收复合增速更高（19.9% 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。
Tutor Perini集团是美国顶尖的大型总承包商之一，2008年由Perini公司与Tutor-Saliba公司合并成立，总部位于加利福尼亚州西尔马。公司业务覆盖北美全境，2024年营收约43.3亿美元，核心业务涵盖桥梁、公路、隧道、机场、公共交通系统等民用基建项目，同时也涉足建筑工程领域。
CCI vs TPC — 直观对比
营收规模更大
TPC
是对方的1.5倍
$1.0B
营收增速更快
TPC
高出46.0%
-4.8%
净利率更高
CCI
高出75.3%
1.9%
自由现金流更多
TPC
多$141.7M
$-43.0M
两年增速更快
TPC
近两年复合增速
-4.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.5B |
| 净利润 | $780.0M | $28.8M |
| 毛利率 | — | 9.8% |
| 营业利润率 | — | 3.3% |
| 净利率 | 77.2% | 1.9% |
| 营收同比 | -4.8% | 41.2% |
| 净利润同比 | 76.0% | 136.3% |
| 每股收益（稀释后） | $1.80 | $0.53 |
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CCITPC
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B |
净利润CCITPC
| Q1 26 | $780.0M | — | ||
| Q4 25 | $294.0M | $28.8M | ||
| Q3 25 | $323.0M | $3.6M | ||
| Q2 25 | $291.0M | $20.0M | ||
| Q1 25 | $-464.0M | $28.0M | ||
| Q4 24 | — | $-79.4M | ||
| Q3 24 | $303.0M | $-100.9M | ||
| Q2 24 | $251.0M | $812.0K |
毛利率CCITPC
| Q1 26 | — | — | ||
| Q4 25 | 97.4% | 9.8% | ||
| Q3 25 | 97.2% | 12.0% | ||
| Q2 25 | 97.5% | 14.3% | ||
| Q1 25 | 97.4% | 10.8% | ||
| Q4 24 | 97.7% | -0.9% | ||
| Q3 24 | 97.6% | -2.4% | ||
| Q2 24 | 97.7% | 10.4% |
营业利润率CCITPC
| Q1 26 | — | — | ||
| Q4 25 | 48.8% | 3.3% | ||
| Q3 25 | 49.0% | 2.8% | ||
| Q2 25 | 47.7% | 5.6% | ||
| Q1 25 | 49.1% | 5.2% | ||
| Q4 24 | 51.0% | -8.1% | ||
| Q3 24 | 47.5% | -9.9% | ||
| Q2 24 | 44.7% | 3.6% |
净利率CCITPC
| Q1 26 | 77.2% | — | ||
| Q4 25 | 27.5% | 1.9% | ||
| Q3 25 | 30.1% | 0.3% | ||
| Q2 25 | 27.5% | 1.5% | ||
| Q1 25 | -43.7% | 2.2% | ||
| Q4 24 | — | -7.4% | ||
| Q3 24 | 27.1% | -9.3% | ||
| Q2 24 | 22.7% | 0.1% |
每股收益（稀释后）CCITPC
| Q1 26 | $1.80 | — | ||
| Q4 25 | $0.67 | $0.53 | ||
| Q3 25 | $0.74 | $0.07 | ||
| Q2 25 | $0.67 | $0.38 | ||
| Q1 25 | $-1.07 | $0.53 | ||
| Q4 24 | — | $-1.53 | ||
| Q3 24 | $0.70 | $-1.92 | ||
| Q2 24 | $0.58 | $0.02 |
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 | $734.6M |
| 总债务越低越好 | — | $407.4M |
| 股东权益账面价值 | — | $1.2B |
| 总资产 | $31.4M | $5.2B |
| 负债/权益比越低杠杆越低 | — | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资CCITPC
| Q1 26 | $55.0K | — | ||
| Q4 25 | $99.0M | $734.6M | ||
| Q3 25 | $57.0M | $695.7M | ||
| Q2 25 | $94.0M | $526.1M | ||
| Q1 25 | $60.0M | $276.5M | ||
| Q4 24 | $100.0M | $455.1M | ||
| Q3 24 | $194.0M | $287.4M | ||
| Q2 24 | $155.0M | $267.1M |
总债务CCITPC
| Q1 26 | — | — | ||
| Q4 25 | $21.6B | $407.4M | ||
| Q3 25 | $21.6B | $413.1M | ||
| Q2 25 | $22.0B | $419.4M | ||
| Q1 25 | $22.9B | $405.6M | ||
| Q4 24 | $23.5B | $534.1M | ||
| Q3 24 | $23.5B | $681.4M | ||
| Q2 24 | $22.9B | $676.4M |
股东权益CCITPC
| Q1 26 | — | — | ||
| Q4 25 | $-1.6B | $1.2B | ||
| Q3 25 | $-1.5B | $1.2B | ||
| Q2 25 | $-1.4B | $1.2B | ||
| Q1 25 | $-1.3B | $1.2B | ||
| Q4 24 | $-133.0M | $1.1B | ||
| Q3 24 | $5.3B | $1.2B | ||
| Q2 24 | $5.7B | $1.3B |
总资产CCITPC
| Q1 26 | $31.4M | — | ||
| Q4 25 | $31.5B | $5.2B | ||
| Q3 25 | $31.5B | $5.2B | ||
| Q2 25 | $31.6B | $4.9B | ||
| Q1 25 | $31.8B | $4.5B | ||
| Q4 24 | $32.7B | $4.2B | ||
| Q3 24 | $38.0B | $4.4B | ||
| Q2 24 | $38.2B | $4.3B |
负债/权益比CCITPC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | 4.43× | 0.56× | ||
| Q2 24 | 4.04× | 0.52× |
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 | — | $173.7M |
| 自由现金流经营现金流 - 资本支出 | $-43.0M | $98.7M |
| 自由现金流率自由现金流/营收 | -4.3% | 6.5% |
| 资本支出强度资本支出/营收 | 14.9% | 5.0% |
| 现金转化率经营现金流/净利润 | — | 6.02× |
| 过去12个月自由现金流最近4个季度 | $4.3B | $567.2M |
8季度趋势，按日历期对齐
经营现金流CCITPC
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $173.7M | ||
| Q3 25 | $714.0M | $289.1M | ||
| Q2 25 | $832.0M | $262.4M | ||
| Q1 25 | $641.0M | $22.9M | ||
| Q4 24 | $2.9B | $329.6M | ||
| Q3 24 | $699.0M | $22.6M | ||
| Q2 24 | $768.0M | $53.1M |
自由现金流CCITPC
| Q1 26 | $-43.0M | — | ||
| Q4 25 | $2.9B | $98.7M | ||
| Q3 25 | $671.0M | $240.2M | ||
| Q2 25 | $792.0M | $235.6M | ||
| Q1 25 | $601.0M | $-7.2M | ||
| Q4 24 | $2.8B | $320.4M | ||
| Q3 24 | $661.0M | $15.6M | ||
| Q2 24 | $729.0M | $42.2M |
自由现金流率CCITPC
| Q1 26 | -4.3% | — | ||
| Q4 25 | 268.4% | 6.5% | ||
| Q3 25 | 62.6% | 17.0% | ||
| Q2 25 | 74.7% | 17.1% | ||
| Q1 25 | 56.6% | -0.6% | ||
| Q4 24 | 247.3% | 30.0% | ||
| Q3 24 | 59.0% | 1.4% | ||
| Q2 24 | 65.9% | 3.7% |
资本支出强度CCITPC
| Q1 26 | 14.9% | — | ||
| Q4 25 | 17.0% | 5.0% | ||
| Q3 25 | 4.0% | 3.5% | ||
| Q2 25 | 3.8% | 2.0% | ||
| Q1 25 | 3.8% | 2.4% | ||
| Q4 24 | 15.7% | 0.9% | ||
| Q3 24 | 3.4% | 0.6% | ||
| Q2 24 | 3.5% | 1.0% |
现金转化率CCITPC
| Q1 26 | — | — | ||
| Q4 25 | 10.40× | 6.02× | ||
| Q3 25 | 2.21× | 79.63× | ||
| Q2 25 | 2.86× | 13.14× | ||
| Q1 25 | — | 0.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.31× | — | ||
| Q2 24 | 3.06× | 65.44× |
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% |
TPC
| State And Local Agencies | $591.1M | 39% |
| Mass Transit | $449.9M | 30% |
| Federal Agencies | $115.0M | 8% |
| Bridges | $100.5M | 7% |
| Military Facilities | $93.1M | 6% |
| Commercial And Industrial Facilities | $46.7M | 3% |
| Detention Facilities | $43.8M | 3% |
| Power And Energy | $35.8M | 2% |
| Multi Unit Residential | $25.9M | 2% |
| Education Facilities | $12.0M | 1% |
| Water | $3.6M | 0% |
