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Charter Communications（CHTR）与PLAINS GP HOLDINGS LP（PAGP）财务数据对比。点击上方公司名可切换其他公司
Charter Communications的季度营收约是PLAINS GP HOLDINGS LP的1.4倍（$13.6B vs $10.0B），Charter Communications净利率更高（8.6% vs 0.6%，领先7.9%），Charter Communications同比增速更快（-1.0% vs -19.1%），Charter Communications自由现金流更多（$1.4B vs $636.0M），过去两年Charter Communications的营收复合增速更高（-0.3% vs -8.6%）
Charter Communications是美国知名电信与大众传媒企业，旗下服务统一使用Spectrum品牌运营，总部位于美国康涅狄格州斯坦福德市，主营业务涵盖宽带网络、有线电视、移动通信等领域，为美国家庭及商业客户提供各类综合通信与媒体服务。
Plains GP Holdings是一家业主有限合伙企业，业务覆盖美国及加拿大地区的液化石油气、石油产品的管道运输、营销及仓储。公司拥有总长约2.96万公里的管线权益，配套约7500万桶原油、2800万桶天然气凝液、680亿立方英尺天然气的存储能力，还运营5座天然气加工厂，总部位于得克萨斯州休斯敦市中心的艾伦中心。
CHTR vs PAGP — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $13.6B | $10.0B |
| 净利润 | $1.2B | $63.0M |
| 毛利率 | — | 7.0% |
| 营业利润率 | 23.6% | 1.8% |
| 净利率 | 8.6% | 0.6% |
| 营收同比 | -1.0% | -19.1% |
| 净利润同比 | -4.4% | 672.7% |
| 每股收益（稀释后） | $9.17 | — |
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
| Q1 26 | $13.6B | — | ||
| Q4 25 | $13.6B | $10.0B | ||
| Q3 25 | $13.7B | $11.6B | ||
| Q2 25 | $13.8B | $10.6B | ||
| Q1 25 | $13.7B | $12.0B | ||
| Q4 24 | $13.9B | $12.4B | ||
| Q3 24 | $13.8B | $12.7B | ||
| Q2 24 | $13.7B | $12.9B |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.3B | $63.0M | ||
| Q3 25 | $1.1B | $83.0M | ||
| Q2 25 | $1.3B | $30.0M | ||
| Q1 25 | $1.2B | $84.0M | ||
| Q4 24 | $1.5B | $-11.0M | ||
| Q3 24 | $1.3B | $33.0M | ||
| Q2 24 | $1.2B | $39.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.0% | ||
| Q3 25 | — | 8.6% | ||
| Q2 25 | — | 8.3% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 8.3% |
| Q1 26 | 23.6% | — | ||
| Q4 25 | 24.0% | 1.8% | ||
| Q3 25 | 22.9% | 4.2% | ||
| Q2 25 | 23.8% | 2.2% | ||
| Q1 25 | 23.6% | 4.4% | ||
| Q4 24 | 24.3% | 0.7% | ||
| Q3 24 | 24.2% | 2.7% | ||
| Q2 24 | 23.8% | 2.9% |
| Q1 26 | 8.6% | — | ||
| Q4 25 | 9.8% | 0.6% | ||
| Q3 25 | 8.3% | 0.7% | ||
| Q2 25 | 9.5% | 0.3% | ||
| Q1 25 | 8.9% | 0.7% | ||
| Q4 24 | 10.5% | -0.1% | ||
| Q3 24 | 9.3% | 0.3% | ||
| Q2 24 | 9.0% | 0.3% |
| Q1 26 | $9.17 | — | ||
| Q4 25 | $10.27 | — | ||
| Q3 25 | $8.34 | — | ||
| Q2 25 | $9.18 | — | ||
| Q1 25 | $8.42 | — | ||
| Q4 24 | $10.11 | — | ||
| Q3 24 | $8.82 | — | ||
| Q2 24 | $8.49 | — |
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 | $517.0M | $329.0M |
| 总债务越低越好 | $94.4B | $10.7B |
| 股东权益账面价值 | $21.1B | — |
| 总资产 | $154.6B | $31.3B |
| 负债/权益比越低杠杆越低 | 4.48× | — |
8季度趋势，按日历期对齐
| Q1 26 | $517.0M | — | ||
| Q4 25 | $477.0M | $329.0M | ||
| Q3 25 | $464.0M | $1.2B | ||
| Q2 25 | $606.0M | $460.0M | ||
| Q1 25 | $796.0M | $429.0M | ||
| Q4 24 | $459.0M | $349.0M | ||
| Q3 24 | $721.0M | $641.0M | ||
| Q2 24 | $602.0M | $556.0M |
| Q1 26 | $94.4B | — | ||
| Q4 25 | $94.8B | $10.7B | ||
| Q3 25 | $95.2B | $8.4B | ||
| Q2 25 | $94.4B | $8.2B | ||
| Q1 25 | $93.8B | $8.2B | ||
| Q4 24 | $93.9B | $7.2B | ||
| Q3 24 | $95.3B | $7.2B | ||
| Q2 24 | $96.7B | $7.2B |
| Q1 26 | $21.1B | — | ||
| Q4 25 | $16.1B | — | ||
| Q3 25 | $15.3B | — | ||
| Q2 25 | $16.2B | — | ||
| Q1 25 | $16.2B | — | ||
| Q4 24 | $15.6B | — | ||
| Q3 24 | $14.1B | — | ||
| Q2 24 | $12.9B | — |
| Q1 26 | $154.6B | — | ||
| Q4 25 | $154.2B | $31.3B | ||
| Q3 25 | $152.8B | $29.3B | ||
| Q2 25 | $151.6B | $28.3B | ||
| Q1 25 | $151.0B | $28.3B | ||
| Q4 24 | $150.0B | $27.8B | ||
| Q3 24 | $149.4B | $28.4B | ||
| Q2 24 | $148.6B | $28.7B |
| Q1 26 | 4.48× | — | ||
| Q4 25 | 5.90× | — | ||
| Q3 25 | 6.20× | — | ||
| Q2 25 | 5.82× | — | ||
| Q1 25 | 5.77× | — | ||
| Q4 24 | 6.03× | — | ||
| Q3 24 | 6.76× | — | ||
| Q2 24 | 7.51× | — |
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 | — | $784.0M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $636.0M |
| 自由现金流率自由现金流/营收 | 10.1% | 6.3% |
| 资本支出强度资本支出/营收 | 21.0% | 1.5% |
| 现金转化率经营现金流/净利润 | — | 12.44× |
| 过去12个月自由现金流最近4个季度 | $4.0B | $2.3B |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $784.0M | ||
| Q3 25 | $4.5B | $817.0M | ||
| Q2 25 | $3.6B | $692.0M | ||
| Q1 25 | $4.2B | $638.0M | ||
| Q4 24 | $3.5B | $726.0M | ||
| Q3 24 | $3.9B | $688.0M | ||
| Q2 24 | $3.9B | $652.0M |
| Q1 26 | $1.4B | — | ||
| Q4 25 | $426.0M | $636.0M | ||
| Q3 25 | $1.4B | $632.0M | ||
| Q2 25 | $726.0M | $573.0M | ||
| Q1 25 | $1.8B | $447.0M | ||
| Q4 24 | $398.0M | $560.0M | ||
| Q3 24 | $1.3B | $531.0M | ||
| Q2 24 | $1.0B | $513.0M |
| Q1 26 | 10.1% | — | ||
| Q4 25 | 3.1% | 6.3% | ||
| Q3 25 | 10.5% | 5.5% | ||
| Q2 25 | 5.3% | 5.4% | ||
| Q1 25 | 13.4% | 3.7% | ||
| Q4 24 | 2.9% | 4.5% | ||
| Q3 24 | 9.7% | 4.2% | ||
| Q2 24 | 7.3% | 4.0% |
| Q1 26 | 21.0% | — | ||
| Q4 25 | 24.5% | 1.5% | ||
| Q3 25 | 22.3% | 1.6% | ||
| Q2 25 | 20.9% | 1.1% | ||
| Q1 25 | 17.5% | 1.6% | ||
| Q4 24 | 22.0% | 1.3% | ||
| Q3 24 | 18.6% | 1.2% | ||
| Q2 24 | 20.8% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.82× | 12.44× | ||
| Q3 25 | 3.94× | 9.84× | ||
| Q2 25 | 2.77× | 23.07× | ||
| Q1 25 | 3.48× | 7.60× | ||
| Q4 24 | 2.36× | — | ||
| Q3 24 | 3.05× | 20.85× | ||
| Q2 24 | 3.13× | 16.72× |
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
CHTR
| Internet | $5.9B | 43% |
| Video | $3.3B | 24% |
| Small business | $1.1B | 8% |
| Mobile service | $1.1B | 8% |
| Other | $906.0M | 7% |
| Mid-market & large business | $749.0M | 6% |
| Advertising sales | $358.0M | 3% |
| Voice | $338.0M | 2% |
PAGP
| Products | $9.6B | 96% |
| Services | $421.0M | 4% |
| Affiliated Entity | $14.0M | 0% |
