vs
QWEST CORP（CTBB）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
QWEST CORP的季度营收约是美泰的1.3倍（$1.1B vs $862.2M），美泰净利率更高（7.1% vs -187.5%，领先194.5%），美泰同比增速更快（4.3% vs -15.0%），QWEST CORP自由现金流更多（$160.0M vs $-88.1M），过去两年QWEST CORP的营收复合增速更高（-8.6% vs -10.6%）
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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
CTBB vs MAT — 直观对比
营收规模更大
CTBB
是对方的1.3倍
$862.2M
营收增速更快
MAT
高出19.4%
-15.0%
净利率更高
MAT
高出194.5%
-187.5%
自由现金流更多
CTBB
多$248.1M
$-88.1M
两年增速更快
CTBB
近两年复合增速
-10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $862.2M |
| 净利润 | $-2.1B | $61.0M |
| 毛利率 | 67.9% | 44.9% |
| 营业利润率 | -183.2% | — |
| 净利率 | -187.5% | 7.1% |
| 营收同比 | -15.0% | 4.3% |
| 净利润同比 | -627.9% | 251.4% |
| 每股收益（稀释后） | — | $0.20 |
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CTBBMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.2B | $826.6M | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $1.3B | $1.1B |
净利润CTBBMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $-2.1B | $106.2M | ||
| Q3 25 | $176.0M | $278.4M | ||
| Q2 25 | $277.0M | $53.4M | ||
| Q1 25 | $284.0M | $-40.3M | ||
| Q4 24 | $391.0M | $140.9M | ||
| Q3 24 | $365.0M | $372.4M | ||
| Q2 24 | $378.0M | $56.9M |
毛利率CTBBMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | 67.9% | 45.9% | ||
| Q3 25 | 65.3% | 50.0% | ||
| Q2 25 | 68.2% | 50.9% | ||
| Q1 25 | 69.3% | 49.4% | ||
| Q4 24 | 71.2% | 50.7% | ||
| Q3 24 | 69.9% | 53.1% | ||
| Q2 24 | 71.6% | 49.2% |
营业利润率CTBBMAT
| Q1 26 | — | — | ||
| Q4 25 | -183.2% | 8.0% | ||
| Q3 25 | 22.3% | 21.9% | ||
| Q2 25 | 33.1% | 7.7% | ||
| Q1 25 | 33.7% | -6.4% | ||
| Q4 24 | 40.7% | 9.6% | ||
| Q3 24 | 38.5% | 26.5% | ||
| Q2 24 | 40.3% | 7.7% |
净利率CTBBMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | -187.5% | 6.0% | ||
| Q3 25 | 16.1% | 16.0% | ||
| Q2 25 | 24.3% | 5.2% | ||
| Q1 25 | 24.7% | -4.9% | ||
| Q4 24 | 30.2% | 8.6% | ||
| Q3 24 | 28.2% | 20.2% | ||
| Q2 24 | 28.7% | 5.3% |
每股收益（稀释后）CTBBMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | — | $0.32 | ||
| Q3 25 | — | $0.88 | ||
| Q2 25 | — | $0.16 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | — | $1.09 | ||
| Q2 24 | — | $0.17 |
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 | $866.0M |
| 总债务越低越好 | $1.7B | $2.3B |
| 股东权益账面价值 | $10.9B | $2.1B |
| 总资产 | $15.8B | $6.3B |
| 负债/权益比越低杠杆越低 | 0.15× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资CTBBMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $39.0M | $1.2B | ||
| Q3 25 | $36.0M | $691.9M | ||
| Q2 25 | $25.0M | $870.5M | ||
| Q1 25 | $40.0M | $1.2B | ||
| Q4 24 | $26.0M | $1.4B | ||
| Q3 24 | $22.0M | $723.5M | ||
| Q2 24 | $18.0M | $722.4M |
总债务CTBBMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | $1.7B | $2.3B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.7B | $2.3B | ||
| Q4 24 | $1.7B | $2.3B | ||
| Q3 24 | $1.7B | $2.3B | ||
| Q2 24 | $1.9B | $2.3B |
股东权益CTBBMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $10.9B | $2.2B | ||
| Q3 25 | $13.0B | $2.3B | ||
| Q2 25 | $12.8B | $2.2B | ||
| Q1 25 | $12.5B | $2.1B | ||
| Q4 24 | $12.2B | $2.3B | ||
| Q3 24 | $11.9B | $2.3B | ||
| Q2 24 | $11.5B | $2.0B |
总资产CTBBMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $15.8B | $6.6B | ||
| Q3 25 | $17.9B | $6.6B | ||
| Q2 25 | $17.8B | $6.2B | ||
| Q1 25 | $17.6B | $6.2B | ||
| Q4 24 | $17.4B | $6.5B | ||
| Q3 24 | $17.0B | $6.5B | ||
| Q2 24 | $16.6B | $5.9B |
负债/权益比CTBBMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | 0.15× | 1.04× | ||
| Q3 25 | 0.13× | 1.03× | ||
| Q2 25 | 0.13× | 1.08× | ||
| Q1 25 | 0.13× | 1.10× | ||
| Q4 24 | 0.14× | 1.03× | ||
| Q3 24 | 0.14× | 1.01× | ||
| Q2 24 | 0.17× | 1.18× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $160.0M | $-88.1M |
| 自由现金流率自由现金流/营收 | 14.5% | -10.2% |
| 资本支出强度资本支出/营收 | 22.0% | 7.6% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CTBBMAT
| Q1 26 | — | — | ||
| Q4 25 | $402.0M | $796.6M | ||
| Q3 25 | $427.0M | $72.0M | ||
| Q2 25 | $480.0M | $-300.1M | ||
| Q1 25 | $453.0M | $24.8M | ||
| Q4 24 | $548.0M | $862.1M | ||
| Q3 24 | $627.0M | $155.8M | ||
| Q2 24 | $548.0M | $-252.9M |
自由现金流CTBBMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $160.0M | — | ||
| Q3 25 | $252.0M | — | ||
| Q2 25 | $276.0M | — | ||
| Q1 25 | $250.0M | — | ||
| Q4 24 | $277.0M | — | ||
| Q3 24 | $396.0M | — | ||
| Q2 24 | $280.0M | — |
自由现金流率CTBBMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | 14.5% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 21.7% | — | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 30.6% | — | ||
| Q2 24 | 21.3% | — |
资本支出强度CTBBMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 22.0% | — | ||
| Q3 25 | 16.0% | — | ||
| Q2 25 | 17.9% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 20.9% | — | ||
| Q3 24 | 17.9% | — | ||
| Q2 24 | 20.4% | — |
现金转化率CTBBMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 7.50× | ||
| Q3 25 | 2.43× | 0.26× | ||
| Q2 25 | 1.73× | -5.62× | ||
| Q1 25 | 1.60× | — | ||
| Q4 24 | 1.40× | 6.12× | ||
| Q3 24 | 1.72× | 0.42× | ||
| Q2 24 | 1.45× | -4.45× |
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% |
MAT
暂无分部数据
