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QWEST CORP（CTBB）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QWEST CORP的2.5倍（$2.7B vs $1.1B）。Lumen Technologies, Inc.净利率更高（-0.1% vs -187.5%，领先187.4%）。Lumen Technologies, Inc.同比增速更快（-11.0% vs -15.0%）。QWEST CORP自由现金流更多（$160.0M vs $-1.1B）。过去两年Lumen Technologies, Inc.的营收复合增速更高（-5.3% 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。
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。
CTBB vs LUMN — 直观对比
营收规模更大
LUMN
是对方的2.5倍
$1.1B
营收增速更快
LUMN
高出4.1%
-15.0%
净利率更高
LUMN
高出187.4%
-187.5%
自由现金流更多
CTBB
多$1.2B
$-1.1B
两年增速更快
LUMN
近两年复合增速
-8.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $2.7B |
| 净利润 | $-2.1B | $-2.0M |
| 毛利率 | 67.9% | 40.7% |
| 营业利润率 | -183.2% | -7.3% |
| 净利率 | -187.5% | -0.1% |
| 营收同比 | -15.0% | -11.0% |
| 净利润同比 | -627.9% | -102.4% |
| 每股收益（稀释后） | — | $-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CTBBLUMN
| Q4 25 | $1.1B | $2.7B | ||
| Q3 25 | $1.1B | $2.8B | ||
| Q2 25 | $1.1B | $2.9B | ||
| Q1 25 | $1.2B | $2.9B | ||
| Q4 24 | $1.3B | $3.1B | ||
| Q3 24 | $1.3B | $3.0B | ||
| Q2 24 | $1.3B | $3.0B | ||
| Q1 24 | $1.3B | $3.1B |
净利润CTBBLUMN
| Q4 25 | $-2.1B | $-2.0M | ||
| Q3 25 | $176.0M | $-621.0M | ||
| Q2 25 | $277.0M | $-915.0M | ||
| Q1 25 | $284.0M | $-201.0M | ||
| Q4 24 | $391.0M | $85.0M | ||
| Q3 24 | $365.0M | $-148.0M | ||
| Q2 24 | $378.0M | $-49.0M | ||
| Q1 24 | $353.0M | $57.0M |
毛利率CTBBLUMN
| Q4 25 | 67.9% | 40.7% | ||
| Q3 25 | 65.3% | 39.4% | ||
| Q2 25 | 68.2% | 43.4% | ||
| Q1 25 | 69.3% | 42.0% | ||
| Q4 24 | 71.2% | 44.7% | ||
| Q3 24 | 69.9% | 43.0% | ||
| Q2 24 | 71.6% | 45.2% | ||
| Q1 24 | 71.9% | 46.0% |
营业利润率CTBBLUMN
| Q4 25 | -183.2% | -7.3% | ||
| Q3 25 | 22.3% | -4.1% | ||
| Q2 25 | 33.1% | -21.0% | ||
| Q1 25 | 33.7% | 3.7% | ||
| Q4 24 | 40.7% | 5.0% | ||
| Q3 24 | 38.5% | 4.2% | ||
| Q2 24 | 40.3% | 4.5% | ||
| Q1 24 | 37.6% | 1.5% |
净利率CTBBLUMN
| Q4 25 | -187.5% | -0.1% | ||
| Q3 25 | 16.1% | -22.1% | ||
| Q2 25 | 24.3% | -31.9% | ||
| Q1 25 | 24.7% | -6.9% | ||
| Q4 24 | 30.2% | 2.8% | ||
| Q3 24 | 28.2% | -5.0% | ||
| Q2 24 | 28.7% | -1.6% | ||
| Q1 24 | 26.8% | 1.9% |
每股收益（稀释后）CTBBLUMN
| Q4 25 | — | $-0.01 | ||
| Q3 25 | — | $-0.62 | ||
| Q2 25 | — | $-0.92 | ||
| Q1 25 | — | $-0.20 | ||
| Q4 24 | — | $0.08 | ||
| Q3 24 | — | $-0.15 | ||
| Q2 24 | — | $-0.05 | ||
| Q1 24 | — | $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 | $39.0M | $1.0B |
| 总债务越低越好 | $1.7B | $17.4B |
| 股东权益账面价值 | $10.9B | $-1.1B |
| 总资产 | $15.8B | $34.3B |
| 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CTBBLUMN
| Q4 25 | $39.0M | $1.0B | ||
| Q3 25 | $36.0M | $2.4B | ||
| Q2 25 | $25.0M | $1.6B | ||
| Q1 25 | $40.0M | $1.9B | ||
| Q4 24 | $26.0M | $1.9B | ||
| Q3 24 | $22.0M | $2.6B | ||
| Q2 24 | $18.0M | $1.5B | ||
| Q1 24 | $14.0M | $1.6B |
总债务CTBBLUMN
| Q4 25 | $1.7B | $17.4B | ||
| Q3 25 | $1.7B | $17.6B | ||
| Q2 25 | $1.7B | $17.6B | ||
| Q1 25 | $1.7B | $17.3B | ||
| Q4 24 | $1.7B | $17.5B | ||
| Q3 24 | $1.7B | $18.1B | ||
| Q2 24 | $1.9B | $18.4B | ||
| Q1 24 | $1.9B | $18.6B |
股东权益CTBBLUMN
| Q4 25 | $10.9B | $-1.1B | ||
| Q3 25 | $13.0B | $-1.2B | ||
| Q2 25 | $12.8B | $-595.0M | ||
| Q1 25 | $12.5B | $289.0M | ||
| Q4 24 | $12.2B | $464.0M | ||
| Q3 24 | $11.9B | $342.0M | ||
| Q2 24 | $11.5B | $466.0M | ||
| Q1 24 | $11.1B | $504.0M |
总资产CTBBLUMN
| Q4 25 | $15.8B | $34.3B | ||
| Q3 25 | $17.9B | $34.3B | ||
| Q2 25 | $17.8B | $33.0B | ||
| Q1 25 | $17.6B | $33.5B | ||
| Q4 24 | $17.4B | $33.5B | ||
| Q3 24 | $17.0B | $34.0B | ||
| Q2 24 | $16.6B | $32.9B | ||
| Q1 24 | $16.4B | $33.2B |
负债/权益比CTBBLUMN
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.13× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | 59.98× | ||
| Q4 24 | 0.14× | 37.70× | ||
| Q3 24 | 0.14× | 53.05× | ||
| Q2 24 | 0.17× | 39.51× | ||
| Q1 24 | 0.17× | 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 | $402.0M | $562.0M |
| 自由现金流经营现金流 - 资本支出 | $160.0M | $-1.1B |
| 自由现金流率自由现金流/营收 | 14.5% | -39.4% |
| 资本支出强度资本支出/营收 | 22.0% | 59.9% |
| 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 | $371.0M |
8季度趋势，按日历期对齐
经营现金流CTBBLUMN
| Q4 25 | $402.0M | $562.0M | ||
| Q3 25 | $427.0M | $2.5B | ||
| Q2 25 | $480.0M | $570.0M | ||
| Q1 25 | $453.0M | $1.1B | ||
| Q4 24 | $548.0M | $688.0M | ||
| Q3 24 | $627.0M | $2.0B | ||
| Q2 24 | $548.0M | $511.0M | ||
| Q1 24 | $471.0M | $1.1B |
自由现金流CTBBLUMN
| Q4 25 | $160.0M | $-1.1B | ||
| Q3 25 | $252.0M | $1.5B | ||
| Q2 25 | $276.0M | $-321.0M | ||
| Q1 25 | $250.0M | $304.0M | ||
| Q4 24 | $277.0M | $-227.0M | ||
| Q3 24 | $396.0M | $1.2B | ||
| Q2 24 | $280.0M | $-242.0M | ||
| Q1 24 | $194.0M | $389.0M |
自由现金流率CTBBLUMN
| Q4 25 | 14.5% | -39.4% | ||
| Q3 25 | 23.1% | 52.4% | ||
| Q2 25 | 24.2% | -11.2% | ||
| Q1 25 | 21.7% | 10.4% | ||
| Q4 24 | 21.4% | -7.4% | ||
| Q3 24 | 30.6% | 39.8% | ||
| Q2 24 | 21.3% | -8.0% | ||
| Q1 24 | 14.7% | 12.7% |
资本支出强度CTBBLUMN
| Q4 25 | 22.0% | 59.9% | ||
| Q3 25 | 16.0% | 37.1% | ||
| Q2 25 | 17.9% | 31.1% | ||
| Q1 25 | 17.6% | 27.2% | ||
| Q4 24 | 20.9% | 29.7% | ||
| Q3 24 | 17.9% | 28.6% | ||
| Q2 24 | 20.4% | 25.0% | ||
| Q1 24 | 21.0% | 23.3% |
现金转化率CTBBLUMN
| Q4 25 | — | — | ||
| Q3 25 | 2.43× | — | ||
| Q2 25 | 1.73× | — | ||
| Q1 25 | 1.60× | — | ||
| Q4 24 | 1.40× | 8.09× | ||
| Q3 24 | 1.72× | — | ||
| Q2 24 | 1.45× | — | ||
| Q1 24 | 1.33× | 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
CTBB
暂无分部数据
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% |
