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QWEST CORP（CTBB）与Alliant Energy（LNT）财务数据对比。点击上方公司名可切换其他公司
QWEST CORP的季度营收约是Alliant Energy的1.0倍（$1.1B vs $1.1B），Alliant Energy净利率更高（13.4% vs -187.5%，领先200.8%），Alliant Energy同比增速更快（9.0% vs -15.0%），过去两年Alliant Energy的营收复合增速更高（1.5% 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。
Alliant Energy是美国公用事业控股企业，主营受监管的电力与天然气服务，下设公用电力运营、公用燃气运营及其他公用事业三大业务板块。公司通过子公司Interstate Power and Light Company（IPL）为艾奥瓦州零售客户提供发电配电、天然气配送及运输服务，同时向明尼苏达州、伊利诺伊州等地的批发客户售电。
CTBB vs LNT — 直观对比
营收规模更大
CTBB
是对方的1.0倍
$1.1B
营收增速更快
LNT
高出24.1%
-15.0%
净利率更高
LNT
高出200.8%
-187.5%
两年增速更快
LNT
近两年复合增速
-8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.1B |
| 净利润 | $-2.1B | $142.0M |
| 毛利率 | 67.9% | 85.9% |
| 营业利润率 | -183.2% | 18.4% |
| 净利率 | -187.5% | 13.4% |
| 营收同比 | -15.0% | 9.0% |
| 净利润同比 | -627.9% | -5.3% |
| 每股收益（稀释后） | — | $0.54 |
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CTBBLNT
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $961.0M | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.3B | $975.0M | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $894.0M | ||
| Q1 24 | $1.3B | $1.0B |
净利润CTBBLNT
| Q4 25 | $-2.1B | $142.0M | ||
| Q3 25 | $176.0M | $281.0M | ||
| Q2 25 | $277.0M | $174.0M | ||
| Q1 25 | $284.0M | $213.0M | ||
| Q4 24 | $391.0M | $150.0M | ||
| Q3 24 | $365.0M | $295.0M | ||
| Q2 24 | $378.0M | $87.0M | ||
| Q1 24 | $353.0M | $158.0M |
毛利率CTBBLNT
| Q4 25 | 67.9% | 85.9% | ||
| Q3 25 | 65.3% | 86.3% | ||
| Q2 25 | 68.2% | 84.3% | ||
| Q1 25 | 69.3% | 86.0% | ||
| Q4 24 | 71.2% | 84.7% | ||
| Q3 24 | 69.9% | 84.7% | ||
| Q2 24 | 71.6% | 83.6% | ||
| Q1 24 | 71.9% | 85.3% |
营业利润率CTBBLNT
| Q4 25 | -183.2% | 18.4% | ||
| Q3 25 | 22.3% | 28.8% | ||
| Q2 25 | 33.1% | 23.2% | ||
| Q1 25 | 33.7% | 22.8% | ||
| Q4 24 | 40.7% | 22.7% | ||
| Q3 24 | 38.5% | 29.0% | ||
| Q2 24 | 40.3% | 14.5% | ||
| Q1 24 | 37.6% | 21.5% |
净利率CTBBLNT
| Q4 25 | -187.5% | 13.4% | ||
| Q3 25 | 16.1% | 23.2% | ||
| Q2 25 | 24.3% | 18.1% | ||
| Q1 25 | 24.7% | 18.9% | ||
| Q4 24 | 30.2% | 15.4% | ||
| Q3 24 | 28.2% | 27.3% | ||
| Q2 24 | 28.7% | 9.7% | ||
| Q1 24 | 26.8% | 15.3% |
每股收益（稀释后）CTBBLNT
| Q4 25 | — | $0.54 | ||
| Q3 25 | — | $1.09 | ||
| Q2 25 | — | $0.68 | ||
| Q1 25 | — | $0.83 | ||
| Q4 24 | — | $0.58 | ||
| Q3 24 | — | $1.15 | ||
| Q2 24 | — | $0.34 | ||
| Q1 24 | — | $0.62 |
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 | $556.0M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $10.9B | $7.3B |
| 总资产 | $15.8B | $25.0B |
| 负债/权益比越低杠杆越低 | 0.15× | — |
8季度趋势，按日历期对齐
现金及短期投资CTBBLNT
| Q4 25 | $39.0M | $556.0M | ||
| Q3 25 | $36.0M | $753.0M | ||
| Q2 25 | $25.0M | $329.0M | ||
| Q1 25 | $40.0M | $25.0M | ||
| Q4 24 | $26.0M | $81.0M | ||
| Q3 24 | $22.0M | $827.0M | ||
| Q2 24 | $18.0M | $92.0M | ||
| Q1 24 | $14.0M | $32.0M |
总债务CTBBLNT
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.9B | — |
股东权益CTBBLNT
| Q4 25 | $10.9B | $7.3B | ||
| Q3 25 | $13.0B | $7.3B | ||
| Q2 25 | $12.8B | $7.1B | ||
| Q1 25 | $12.5B | $7.1B | ||
| Q4 24 | $12.2B | $7.0B | ||
| Q3 24 | $11.9B | $7.0B | ||
| Q2 24 | $11.5B | $6.8B | ||
| Q1 24 | $11.1B | $6.8B |
总资产CTBBLNT
| Q4 25 | $15.8B | $25.0B | ||
| Q3 25 | $17.9B | $24.6B | ||
| Q2 25 | $17.8B | $23.8B | ||
| Q1 25 | $17.6B | $22.9B | ||
| Q4 24 | $17.4B | $22.7B | ||
| Q3 24 | $17.0B | $22.8B | ||
| Q2 24 | $16.6B | $21.8B | ||
| Q1 24 | $16.4B | $21.2B |
负债/权益比CTBBLNT
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.13× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.17× | — | ||
| Q1 24 | 0.17× | — |
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 | $269.0M |
| 自由现金流经营现金流 - 资本支出 | $160.0M | — |
| 自由现金流率自由现金流/营收 | 14.5% | — |
| 资本支出强度资本支出/营收 | 22.0% | — |
| 现金转化率经营现金流/净利润 | — | 1.89× |
| 过去12个月自由现金流最近4个季度 | $938.0M | — |
8季度趋势，按日历期对齐
经营现金流CTBBLNT
| Q4 25 | $402.0M | $269.0M | ||
| Q3 25 | $427.0M | $408.0M | ||
| Q2 25 | $480.0M | $243.0M | ||
| Q1 25 | $453.0M | $249.0M | ||
| Q4 24 | $548.0M | $254.0M | ||
| Q3 24 | $627.0M | $351.0M | ||
| Q2 24 | $548.0M | $255.0M | ||
| Q1 24 | $471.0M | $307.0M |
自由现金流CTBBLNT
| Q4 25 | $160.0M | — | ||
| Q3 25 | $252.0M | $-103.0M | ||
| Q2 25 | $276.0M | $-179.0M | ||
| Q1 25 | $250.0M | $-305.0M | ||
| Q4 24 | $277.0M | — | ||
| Q3 24 | $396.0M | $-59.0M | ||
| Q2 24 | $280.0M | $-137.0M | ||
| Q1 24 | $194.0M | $-171.0M |
自由现金流率CTBBLNT
| Q4 25 | 14.5% | — | ||
| Q3 25 | 23.1% | -8.5% | ||
| Q2 25 | 24.2% | -18.6% | ||
| Q1 25 | 21.7% | -27.0% | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 30.6% | -5.5% | ||
| Q2 24 | 21.3% | -15.3% | ||
| Q1 24 | 14.7% | -16.6% |
资本支出强度CTBBLNT
| Q4 25 | 22.0% | — | ||
| Q3 25 | 16.0% | 42.2% | ||
| Q2 25 | 17.9% | 43.9% | ||
| Q1 25 | 17.6% | 49.1% | ||
| Q4 24 | 20.9% | — | ||
| Q3 24 | 17.9% | 37.9% | ||
| Q2 24 | 20.4% | 43.8% | ||
| Q1 24 | 21.0% | 46.4% |
现金转化率CTBBLNT
| Q4 25 | — | 1.89× | ||
| Q3 25 | 2.43× | 1.45× | ||
| Q2 25 | 1.73× | 1.40× | ||
| Q1 25 | 1.60× | 1.17× | ||
| Q4 24 | 1.40× | 1.69× | ||
| Q3 24 | 1.72× | 1.19× | ||
| Q2 24 | 1.45× | 2.93× | ||
| Q1 24 | 1.33× | 1.94× |
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% |
LNT
| Retail Residential | $313.0M | 29% |
| Retail Industrial | $251.0M | 24% |
| Retail Commercial | $226.0M | 21% |
| Gas | $158.0M | 15% |
| Other Customer | $43.0M | 4% |
| Wholesale | $36.0M | 3% |
| Other Utility | $15.0M | 1% |
| Steam | $9.0M | 1% |
