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CenterPoint Energy（CNP）与Lumen Technologies, Inc.（LUMN）财务数据对比。点击上方公司名可切换其他公司
Lumen Technologies, Inc.的季度营收约是CenterPoint Energy的1.1倍（$2.7B vs $2.4B），CenterPoint Energy净利率更高（10.8% vs -0.1%，领先10.9%），CenterPoint Energy同比增速更快（10.7% vs -11.0%），CenterPoint Energy自由现金流更多（$-707.0M vs $-1.1B），过去两年CenterPoint Energy的营收复合增速更高（-3.1% vs -5.3%）
CenterPoint Energy是总部位于美国得克萨斯州休斯敦的公用事业企业，位列《财富》美国500强，为印第安纳、俄亥俄、路易斯安那、明尼苏达、密西西比、得克萨斯六州多个区域的用户提供电力及天然气公用事业服务，曾使用Reliant Energy、Houston Industries等名称开展业务。
Lumen Technologies是总部位于美国路易斯安那州门罗市的电信企业，依托自有光纤、铜线网络、数据中心及云计算资源，为客户提供网络、安全、云、语音及各类托管通信服务，2023年3月起纳入标普600指数，此前曾为标普500指数成分股。
CNP vs LUMN — 直观对比
营收规模更大
LUMN
是对方的1.1倍
$2.4B
营收增速更快
CNP
高出21.6%
-11.0%
净利率更高
CNP
高出10.9%
-0.1%
自由现金流更多
CNP
多$375.0M
$-1.1B
两年增速更快
CNP
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $2.7B |
| 净利润 | $264.0M | $-2.0M |
| 毛利率 | — | 40.7% |
| 营业利润率 | 22.2% | -7.3% |
| 净利率 | 10.8% | -0.1% |
| 营收同比 | 10.7% | -11.0% |
| 净利润同比 | 6.5% | -102.4% |
| 每股收益（稀释后） | $0.40 | $-0.01 |
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CNPLUMN
| Q4 25 | $2.4B | $2.7B | ||
| Q3 25 | $2.0B | $2.8B | ||
| Q2 25 | $2.0B | $2.9B | ||
| Q1 25 | $3.0B | $2.9B | ||
| Q4 24 | $2.2B | $3.1B | ||
| Q3 24 | $1.8B | $3.0B | ||
| Q2 24 | $1.9B | $3.0B | ||
| Q1 24 | $2.6B | $3.1B |
净利润CNPLUMN
| Q4 25 | $264.0M | $-2.0M | ||
| Q3 25 | $293.0M | $-621.0M | ||
| Q2 25 | $198.0M | $-915.0M | ||
| Q1 25 | $297.0M | $-201.0M | ||
| Q4 24 | $248.0M | $85.0M | ||
| Q3 24 | $193.0M | $-148.0M | ||
| Q2 24 | $228.0M | $-49.0M | ||
| Q1 24 | $350.0M | $57.0M |
毛利率CNPLUMN
| Q4 25 | — | 40.7% | ||
| Q3 25 | 99.9% | 39.4% | ||
| Q2 25 | 99.9% | 43.4% | ||
| Q1 25 | 100.0% | 42.0% | ||
| Q4 24 | 100.0% | 44.7% | ||
| Q3 24 | 99.9% | 43.0% | ||
| Q2 24 | — | 45.2% | ||
| Q1 24 | 100.0% | 46.0% |
营业利润率CNPLUMN
| Q4 25 | 22.2% | -7.3% | ||
| Q3 25 | 25.2% | -4.1% | ||
| Q2 25 | 21.4% | -21.0% | ||
| Q1 25 | 22.0% | 3.7% | ||
| Q4 24 | 21.9% | 5.0% | ||
| Q3 24 | 22.9% | 4.2% | ||
| Q2 24 | 24.5% | 4.5% | ||
| Q1 24 | 23.7% | 1.5% |
净利率CNPLUMN
| Q4 25 | 10.8% | -0.1% | ||
| Q3 25 | 14.7% | -22.1% | ||
| Q2 25 | 10.1% | -31.9% | ||
| Q1 25 | 10.0% | -6.9% | ||
| Q4 24 | 11.3% | 2.8% | ||
| Q3 24 | 10.4% | -5.0% | ||
| Q2 24 | 12.0% | -1.6% | ||
| Q1 24 | 13.5% | 1.9% |
每股收益（稀释后）CNPLUMN
| Q4 25 | $0.40 | $-0.01 | ||
| Q3 25 | $0.45 | $-0.62 | ||
| Q2 25 | $0.30 | $-0.92 | ||
| Q1 25 | $0.45 | $-0.20 | ||
| Q4 24 | $0.37 | $0.08 | ||
| Q3 24 | $0.30 | $-0.15 | ||
| Q2 24 | $0.36 | $-0.05 | ||
| Q1 24 | $0.55 | $0.06 |
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 | $548.0M | $1.0B |
| 总债务越低越好 | $20.6B | $17.4B |
| 股东权益账面价值 | $11.2B | $-1.1B |
| 总资产 | $46.5B | $34.3B |
| 负债/权益比越低杠杆越低 | 1.84× | — |
8季度趋势，按日历期对齐
现金及短期投资CNPLUMN
| Q4 25 | $548.0M | $1.0B | ||
| Q3 25 | $616.0M | $2.4B | ||
| Q2 25 | $776.0M | $1.6B | ||
| Q1 25 | $1.9B | $1.9B | ||
| Q4 24 | $585.0M | $1.9B | ||
| Q3 24 | $643.0M | $2.6B | ||
| Q2 24 | $543.0M | $1.5B | ||
| Q1 24 | $619.0M | $1.6B |
总债务CNPLUMN
| Q4 25 | $20.6B | $17.4B | ||
| Q3 25 | — | $17.6B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $17.3B | ||
| Q4 24 | $20.4B | $17.5B | ||
| Q3 24 | — | $18.1B | ||
| Q2 24 | — | $18.4B | ||
| Q1 24 | — | $18.6B |
股东权益CNPLUMN
| Q4 25 | $11.2B | $-1.1B | ||
| Q3 25 | $11.0B | $-1.2B | ||
| Q2 25 | $11.0B | $-595.0M | ||
| Q1 25 | $11.0B | $289.0M | ||
| Q4 24 | $10.7B | $464.0M | ||
| Q3 24 | $10.5B | $342.0M | ||
| Q2 24 | $10.4B | $466.0M | ||
| Q1 24 | $10.0B | $504.0M |
总资产CNPLUMN
| Q4 25 | $46.5B | $34.3B | ||
| Q3 25 | $45.0B | $34.3B | ||
| Q2 25 | $44.1B | $33.0B | ||
| Q1 25 | $44.5B | $33.5B | ||
| Q4 24 | $43.8B | $33.5B | ||
| Q3 24 | $42.9B | $34.0B | ||
| Q2 24 | $41.0B | $32.9B | ||
| Q1 24 | $40.2B | $33.2B |
负债/权益比CNPLUMN
| Q4 25 | 1.84× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 59.98× | ||
| Q4 24 | 1.91× | 37.70× | ||
| Q3 24 | — | 53.05× | ||
| Q2 24 | — | 39.51× | ||
| Q1 24 | — | 36.89× |
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 | $774.0M | $562.0M |
| 自由现金流经营现金流 - 资本支出 | $-707.0M | $-1.1B |
| 自由现金流率自由现金流/营收 | -29.0% | -39.4% |
| 资本支出强度资本支出/营收 | 60.7% | 59.9% |
| 现金转化率经营现金流/净利润 | 2.93× | — |
| 过去12个月自由现金流最近4个季度 | $-2.4B | $371.0M |
8季度趋势，按日历期对齐
经营现金流CNPLUMN
| Q4 25 | $774.0M | $562.0M | ||
| Q3 25 | $742.0M | $2.5B | ||
| Q2 25 | $560.0M | $570.0M | ||
| Q1 25 | $410.0M | $1.1B | ||
| Q4 24 | $889.0M | $688.0M | ||
| Q3 24 | $136.0M | $2.0B | ||
| Q2 24 | $576.0M | $511.0M | ||
| Q1 24 | $538.0M | $1.1B |
自由现金流CNPLUMN
| Q4 25 | $-707.0M | $-1.1B | ||
| Q3 25 | $-480.0M | $1.5B | ||
| Q2 25 | $-569.0M | $-321.0M | ||
| Q1 25 | $-628.0M | $304.0M | ||
| Q4 24 | $-1.1B | $-227.0M | ||
| Q3 24 | $-708.0M | $1.2B | ||
| Q2 24 | $-236.0M | $-242.0M | ||
| Q1 24 | $-307.0M | $389.0M |
自由现金流率CNPLUMN
| Q4 25 | -29.0% | -39.4% | ||
| Q3 25 | -24.1% | 52.4% | ||
| Q2 25 | -29.1% | -11.2% | ||
| Q1 25 | -21.2% | 10.4% | ||
| Q4 24 | -51.0% | -7.4% | ||
| Q3 24 | -38.3% | 39.8% | ||
| Q2 24 | -12.4% | -8.0% | ||
| Q1 24 | -11.8% | 12.7% |
资本支出强度CNPLUMN
| Q4 25 | 60.7% | 59.9% | ||
| Q3 25 | 61.4% | 37.1% | ||
| Q2 25 | 57.8% | 31.1% | ||
| Q1 25 | 35.1% | 27.2% | ||
| Q4 24 | 91.3% | 29.7% | ||
| Q3 24 | 45.6% | 28.6% | ||
| Q2 24 | 42.6% | 25.0% | ||
| Q1 24 | 32.6% | 23.3% |
现金转化率CNPLUMN
| Q4 25 | 2.93× | — | ||
| Q3 25 | 2.53× | — | ||
| Q2 25 | 2.83× | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 3.58× | 8.09× | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 2.53× | — | ||
| Q1 24 | 1.54× | 19.33× |
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
CNP
| Electric Segment | $945.0M | 39% |
| Electric | $890.0M | 37% |
| Other | $603.0M | 25% |
LUMN
| Large Enterprise | $758.0M | 28% |
| Wholesale | $661.0M | 24% |
| Mid Market Enterprise | $472.0M | 17% |
| Fiber Broadband | $232.0M | 8% |
| Other Broadband | $218.0M | 8% |
| Other | $184.0M | 7% |
| Voice And Other | $166.0M | 6% |
| International And Other | $77.0M | 3% |
