vs
QWEST CORP（CTBB）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是QWEST CORP的1.6倍（$1.8B vs $1.1B），Masco净利率更高（9.2% vs -187.5%，领先196.7%），Masco同比增速更快（-1.9% vs -15.0%），Masco自由现金流更多（$371.0M vs $160.0M），过去两年Masco的营收复合增速更高（-3.5% 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。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
CTBB vs MAS — 直观对比
营收规模更大
MAS
是对方的1.6倍
$1.1B
营收增速更快
MAS
高出13.1%
-15.0%
净利率更高
MAS
高出196.7%
-187.5%
自由现金流更多
MAS
多$211.0M
$160.0M
两年增速更快
MAS
近两年复合增速
-8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.8B |
| 净利润 | $-2.1B | $165.0M |
| 毛利率 | 67.9% | 33.9% |
| 营业利润率 | -183.2% | 13.8% |
| 净利率 | -187.5% | 9.2% |
| 营收同比 | -15.0% | -1.9% |
| 净利润同比 | -627.9% | -9.3% |
| 每股收益（稀释后） | — | $0.81 |
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CTBBMAS
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | $2.0B | ||
| Q2 24 | $1.3B | $2.1B | ||
| Q1 24 | $1.3B | $1.9B |
净利润CTBBMAS
| Q4 25 | $-2.1B | $165.0M | ||
| Q3 25 | $176.0M | $189.0M | ||
| Q2 25 | $277.0M | $270.0M | ||
| Q1 25 | $284.0M | $186.0M | ||
| Q4 24 | $391.0M | $182.0M | ||
| Q3 24 | $365.0M | $167.0M | ||
| Q2 24 | $378.0M | $258.0M | ||
| Q1 24 | $353.0M | $215.0M |
毛利率CTBBMAS
| Q4 25 | 67.9% | 33.9% | ||
| Q3 25 | 65.3% | 34.2% | ||
| Q2 25 | 68.2% | 37.6% | ||
| Q1 25 | 69.3% | 35.8% | ||
| Q4 24 | 71.2% | 34.8% | ||
| Q3 24 | 69.9% | 36.6% | ||
| Q2 24 | 71.6% | 37.5% | ||
| Q1 24 | 71.9% | 35.6% |
营业利润率CTBBMAS
| Q4 25 | -183.2% | 13.8% | ||
| Q3 25 | 22.3% | 15.8% | ||
| Q2 25 | 33.1% | 20.1% | ||
| Q1 25 | 33.7% | 15.9% | ||
| Q4 24 | 40.7% | 15.9% | ||
| Q3 24 | 38.5% | 18.0% | ||
| Q2 24 | 40.3% | 19.0% | ||
| Q1 24 | 37.6% | 16.5% |
净利率CTBBMAS
| Q4 25 | -187.5% | 9.2% | ||
| Q3 25 | 16.1% | 9.9% | ||
| Q2 25 | 24.3% | 13.2% | ||
| Q1 25 | 24.7% | 10.3% | ||
| Q4 24 | 30.2% | 10.0% | ||
| Q3 24 | 28.2% | 8.4% | ||
| Q2 24 | 28.7% | 12.3% | ||
| Q1 24 | 26.8% | 11.2% |
每股收益（稀释后）CTBBMAS
| Q4 25 | — | $0.81 | ||
| Q3 25 | — | $0.90 | ||
| Q2 25 | — | $1.28 | ||
| Q1 25 | — | $0.87 | ||
| Q4 24 | — | $0.85 | ||
| Q3 24 | — | $0.77 | ||
| Q2 24 | — | $1.17 | ||
| Q1 24 | — | $0.97 |
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 | $647.0M |
| 总债务越低越好 | $1.7B | $2.9B |
| 股东权益账面价值 | $10.9B | $-185.0M |
| 总资产 | $15.8B | $5.2B |
| 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CTBBMAS
| Q4 25 | $39.0M | $647.0M | ||
| Q3 25 | $36.0M | $559.0M | ||
| Q2 25 | $25.0M | $390.0M | ||
| Q1 25 | $40.0M | $377.0M | ||
| Q4 24 | $26.0M | $634.0M | ||
| Q3 24 | $22.0M | $646.0M | ||
| Q2 24 | $18.0M | $398.0M | ||
| Q1 24 | $14.0M | $368.0M |
总债务CTBBMAS
| Q4 25 | $1.7B | $2.9B | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $2.9B | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.9B | — |
股东权益CTBBMAS
| Q4 25 | $10.9B | $-185.0M | ||
| Q3 25 | $13.0B | $-78.0M | ||
| Q2 25 | $12.8B | $-84.0M | ||
| Q1 25 | $12.5B | $-254.0M | ||
| Q4 24 | $12.2B | $-279.0M | ||
| Q3 24 | $11.9B | $-88.0M | ||
| Q2 24 | $11.5B | $-26.0M | ||
| Q1 24 | $11.1B | $-75.0M |
总资产CTBBMAS
| Q4 25 | $15.8B | $5.2B | ||
| Q3 25 | $17.9B | $5.3B | ||
| Q2 25 | $17.8B | $5.3B | ||
| Q1 25 | $17.6B | $5.1B | ||
| Q4 24 | $17.4B | $5.0B | ||
| Q3 24 | $17.0B | $5.3B | ||
| Q2 24 | $16.6B | $5.4B | ||
| Q1 24 | $16.4B | $5.3B |
负债/权益比CTBBMAS
| 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 | $418.0M |
| 自由现金流经营现金流 - 资本支出 | $160.0M | $371.0M |
| 自由现金流率自由现金流/营收 | 14.5% | 20.7% |
| 资本支出强度资本支出/营收 | 22.0% | 2.6% |
| 现金转化率经营现金流/净利润 | — | 2.53× |
| 过去12个月自由现金流最近4个季度 | $938.0M | $866.0M |
8季度趋势，按日历期对齐
经营现金流CTBBMAS
| Q4 25 | $402.0M | $418.0M | ||
| Q3 25 | $427.0M | $456.0M | ||
| Q2 25 | $480.0M | $306.0M | ||
| Q1 25 | $453.0M | $-158.0M | ||
| Q4 24 | $548.0M | $407.0M | ||
| Q3 24 | $627.0M | $416.0M | ||
| Q2 24 | $548.0M | $346.0M | ||
| Q1 24 | $471.0M | $-94.0M |
自由现金流CTBBMAS
| Q4 25 | $160.0M | $371.0M | ||
| Q3 25 | $252.0M | $415.0M | ||
| Q2 25 | $276.0M | $270.0M | ||
| Q1 25 | $250.0M | $-190.0M | ||
| Q4 24 | $277.0M | $351.0M | ||
| Q3 24 | $396.0M | $378.0M | ||
| Q2 24 | $280.0M | $303.0M | ||
| Q1 24 | $194.0M | $-125.0M |
自由现金流率CTBBMAS
| Q4 25 | 14.5% | 20.7% | ||
| Q3 25 | 23.1% | 21.6% | ||
| Q2 25 | 24.2% | 13.2% | ||
| Q1 25 | 21.7% | -10.5% | ||
| Q4 24 | 21.4% | 19.2% | ||
| Q3 24 | 30.6% | 19.1% | ||
| Q2 24 | 21.3% | 14.5% | ||
| Q1 24 | 14.7% | -6.5% |
资本支出强度CTBBMAS
| Q4 25 | 22.0% | 2.6% | ||
| Q3 25 | 16.0% | 2.1% | ||
| Q2 25 | 17.9% | 1.8% | ||
| Q1 25 | 17.6% | 1.8% | ||
| Q4 24 | 20.9% | 3.1% | ||
| Q3 24 | 17.9% | 1.9% | ||
| Q2 24 | 20.4% | 2.1% | ||
| Q1 24 | 21.0% | 1.6% |
现金转化率CTBBMAS
| Q4 25 | — | 2.53× | ||
| Q3 25 | 2.43× | 2.41× | ||
| Q2 25 | 1.73× | 1.13× | ||
| Q1 25 | 1.60× | -0.85× | ||
| Q4 24 | 1.40× | 2.24× | ||
| Q3 24 | 1.72× | 2.49× | ||
| Q2 24 | 1.45× | 1.34× | ||
| Q1 24 | 1.33× | -0.44× |
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% |
MAS
| Plumbing Products | $844.0M | 47% |
| Decorative Architectural Products | $545.0M | 30% |
| Other | $404.0M | 23% |
