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QWEST CORP（CTBB）与景顺（IVZ）财务数据对比。点击上方公司名可切换其他公司
景顺的季度营收约是QWEST CORP的1.5倍（$1.7B vs $1.1B），景顺净利率更高（-58.9% vs -187.5%，领先128.6%），景顺同比增速更快（6.2% vs -15.0%），景顺自由现金流更多（$432.2M vs $160.0M），过去两年景顺的营收复合增速更高（7.1% vs -8.6%）
奎斯特公司（以CenturyLink QC名义运营）是一家隶属于 lumen Technologies 的地区性贝尔运营公司。其前身为1911年成立的山地电话电报公司，先后更名为山地贝尔、美国西部通讯，2000年改为现名，业务整合了原Malheur Bell、西北贝尔、太平洋西北贝尔的运营资源。
景顺是总部位于美国佐治亚州亚特兰大的独立投资管理企业，在全球20个国家设有分支机构，旗下运营景顺、Invesco Perpetual、PowerShares等品牌，普通股为标普500指数成分股，于纽约证券交易所挂牌交易。
CTBB vs IVZ — 直观对比
营收规模更大
IVZ
是对方的1.5倍
$1.1B
营收增速更快
IVZ
高出21.3%
-15.0%
净利率更高
IVZ
高出128.6%
-187.5%
自由现金流更多
IVZ
多$272.2M
$160.0M
两年增速更快
IVZ
近两年复合增速
-8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.7B |
| 净利润 | $-2.1B | $-995.9M |
| 毛利率 | 67.9% | — |
| 营业利润率 | -183.2% | -86.2% |
| 净利率 | -187.5% | -58.9% |
| 营收同比 | -15.0% | 6.2% |
| 净利润同比 | -627.9% | -575.8% |
| 每股收益（稀释后） | — | $-2.61 |
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CTBBIVZ
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $1.3B | $1.5B |
净利润CTBBIVZ
| Q4 25 | $-2.1B | $-995.9M | ||
| Q3 25 | $176.0M | $356.4M | ||
| Q2 25 | $277.0M | $197.4M | ||
| Q1 25 | $284.0M | $171.1M | ||
| Q4 24 | $391.0M | $209.3M | ||
| Q3 24 | $365.0M | $55.0M | ||
| Q2 24 | $378.0M | $132.2M | ||
| Q1 24 | $353.0M | $141.5M |
毛利率CTBBIVZ
| Q4 25 | 67.9% | — | ||
| Q3 25 | 65.3% | — | ||
| Q2 25 | 68.2% | — | ||
| Q1 25 | 69.3% | — | ||
| Q4 24 | 71.2% | — | ||
| Q3 24 | 69.9% | — | ||
| Q2 24 | 71.6% | — | ||
| Q1 24 | 71.9% | — |
营业利润率CTBBIVZ
| Q4 25 | -183.2% | -86.2% | ||
| Q3 25 | 22.3% | 16.5% | ||
| Q2 25 | 33.1% | 14.1% | ||
| Q1 25 | 33.7% | 18.1% | ||
| Q4 24 | 40.7% | 19.6% | ||
| Q3 24 | 38.5% | 6.6% | ||
| Q2 24 | 40.3% | 13.9% | ||
| Q1 24 | 37.6% | 14.4% |
净利率CTBBIVZ
| Q4 25 | -187.5% | -58.9% | ||
| Q3 25 | 16.1% | 21.7% | ||
| Q2 25 | 24.3% | 13.0% | ||
| Q1 25 | 24.7% | 11.2% | ||
| Q4 24 | 30.2% | 13.1% | ||
| Q3 24 | 28.2% | 3.6% | ||
| Q2 24 | 28.7% | 8.9% | ||
| Q1 24 | 26.8% | 9.6% |
每股收益（稀释后）CTBBIVZ
| Q4 25 | — | $-2.61 | ||
| Q3 25 | — | $0.66 | ||
| Q2 25 | — | $-0.03 | ||
| Q1 25 | — | $0.38 | ||
| Q4 24 | — | $0.46 | ||
| Q3 24 | — | $0.12 | ||
| Q2 24 | — | $0.29 | ||
| Q1 24 | — | $0.31 |
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 | $39.0M | $1.0B |
| 总债务越低越好 | $1.7B | $1.8B |
| 股东权益账面价值 | $10.9B | $12.2B |
| 总资产 | $15.8B | $27.1B |
| 负债/权益比越低杠杆越低 | 0.15× | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资CTBBIVZ
| Q4 25 | $39.0M | $1.0B | ||
| Q3 25 | $36.0M | $973.1M | ||
| Q2 25 | $25.0M | $922.7M | ||
| Q1 25 | $40.0M | $821.7M | ||
| Q4 24 | $26.0M | $986.5M | ||
| Q3 24 | $22.0M | $1.0B | ||
| Q2 24 | $18.0M | $878.5M | ||
| Q1 24 | $14.0M | $895.7M |
总债务CTBBIVZ
| Q4 25 | $1.7B | $1.8B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.7B | $1.9B | ||
| Q1 25 | $1.7B | $964.8M | ||
| Q4 24 | $1.7B | $890.6M | ||
| Q3 24 | $1.7B | $890.3M | ||
| Q2 24 | $1.9B | $890.1M | ||
| Q1 24 | $1.9B | $1.3B |
股东权益CTBBIVZ
| Q4 25 | $10.9B | $12.2B | ||
| Q3 25 | $13.0B | $14.0B | ||
| Q2 25 | $12.8B | $13.9B | ||
| Q1 25 | $12.5B | $14.7B | ||
| Q4 24 | $12.2B | $14.6B | ||
| Q3 24 | $11.9B | $14.8B | ||
| Q2 24 | $11.5B | $14.6B | ||
| Q1 24 | $11.1B | $14.6B |
总资产CTBBIVZ
| Q4 25 | $15.8B | $27.1B | ||
| Q3 25 | $17.9B | $28.4B | ||
| Q2 25 | $17.8B | $28.5B | ||
| Q1 25 | $17.6B | $28.1B | ||
| Q4 24 | $17.4B | $27.0B | ||
| Q3 24 | $17.0B | $27.5B | ||
| Q2 24 | $16.6B | $27.2B | ||
| Q1 24 | $16.4B | $28.1B |
负债/权益比CTBBIVZ
| Q4 25 | 0.15× | 0.15× | ||
| Q3 25 | 0.13× | 0.12× | ||
| Q2 25 | 0.13× | 0.14× | ||
| Q1 25 | 0.13× | 0.07× | ||
| Q4 24 | 0.14× | 0.06× | ||
| Q3 24 | 0.14× | 0.06× | ||
| Q2 24 | 0.17× | 0.06× | ||
| Q1 24 | 0.17× | 0.09× |
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 | $402.0M | $455.8M |
| 自由现金流经营现金流 - 资本支出 | $160.0M | $432.2M |
| 自由现金流率自由现金流/营收 | 14.5% | 25.5% |
| 资本支出强度资本支出/营收 | 22.0% | 1.4% |
| 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 | $938.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流CTBBIVZ
| Q4 25 | $402.0M | $455.8M | ||
| Q3 25 | $427.0M | $606.2M | ||
| Q2 25 | $480.0M | $547.9M | ||
| Q1 25 | $453.0M | $-84.6M | ||
| Q4 24 | $548.0M | $316.9M | ||
| Q3 24 | $627.0M | $438.4M | ||
| Q2 24 | $548.0M | $489.1M | ||
| Q1 24 | $471.0M | $-54.4M |
自由现金流CTBBIVZ
| Q4 25 | $160.0M | $432.2M | ||
| Q3 25 | $252.0M | $586.4M | ||
| Q2 25 | $276.0M | $530.4M | ||
| Q1 25 | $250.0M | $-108.0M | ||
| Q4 24 | $277.0M | $309.9M | ||
| Q3 24 | $396.0M | $410.0M | ||
| Q2 24 | $280.0M | $462.4M | ||
| Q1 24 | $194.0M | $-75.4M |
自由现金流率CTBBIVZ
| Q4 25 | 14.5% | 25.5% | ||
| Q3 25 | 23.1% | 35.7% | ||
| Q2 25 | 24.2% | 35.0% | ||
| Q1 25 | 21.7% | -7.1% | ||
| Q4 24 | 21.4% | 19.5% | ||
| Q3 24 | 30.6% | 27.1% | ||
| Q2 24 | 21.3% | 31.2% | ||
| Q1 24 | 14.7% | -5.1% |
资本支出强度CTBBIVZ
| Q4 25 | 22.0% | 1.4% | ||
| Q3 25 | 16.0% | 1.2% | ||
| Q2 25 | 17.9% | 1.2% | ||
| Q1 25 | 17.6% | 1.5% | ||
| Q4 24 | 20.9% | 0.4% | ||
| Q3 24 | 17.9% | 1.9% | ||
| Q2 24 | 20.4% | 1.8% | ||
| Q1 24 | 21.0% | 1.4% |
现金转化率CTBBIVZ
| Q4 25 | — | — | ||
| Q3 25 | 2.43× | 1.70× | ||
| Q2 25 | 1.73× | 2.78× | ||
| Q1 25 | 1.60× | -0.49× | ||
| Q4 24 | 1.40× | 1.51× | ||
| Q3 24 | 1.72× | 7.97× | ||
| Q2 24 | 1.45× | 3.70× | ||
| Q1 24 | 1.33× | -0.38× |
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
CTBB
| Nonrelated Party | $665.0M | 60% |
| Other | $436.0M | 40% |
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
