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QWEST CORP（CTBB）与Park Hotels & Resorts Inc.（PK）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Park Hotels & Resorts Inc.的1.8倍（$1.1B vs $629.0M），Park Hotels & Resorts Inc.净利率更高（-32.6% vs -187.5%，领先154.9%），Park Hotels & Resorts Inc.同比增速更快（0.6% vs -15.0%），QWEST CORP自由现金流更多（$160.0M vs $-3.0M），过去两年Park Hotels & Resorts Inc.的营收复合增速更高（-0.8% 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。
Park Hotels & Resorts是一家总部位于美国弗吉尼亚州泰森斯的房地产投资信托（REIT），核心业务为酒店物业投资运营。该企业于2017年从希尔顿全球集团分拆成立，在酒店不动产领域拥有专业的投资与管理经验。
CTBB vs PK — 直观对比
营收规模更大
CTBB
是对方的1.8倍
$629.0M
营收增速更快
PK
高出15.7%
-15.0%
净利率更高
PK
高出154.9%
-187.5%
自由现金流更多
CTBB
多$163.0M
$-3.0M
两年增速更快
PK
近两年复合增速
-8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $629.0M |
| 净利润 | $-2.1B | $-205.0M |
| 毛利率 | 67.9% | — |
| 营业利润率 | -183.2% | -26.1% |
| 净利率 | -187.5% | -32.6% |
| 营收同比 | -15.0% | 0.6% |
| 净利润同比 | -627.9% | -410.6% |
| 每股收益（稀释后） | — | $-1.04 |
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CTBBPK
| Q4 25 | $1.1B | $629.0M | ||
| Q3 25 | $1.1B | $610.0M | ||
| Q2 25 | $1.1B | $672.0M | ||
| Q1 25 | $1.2B | $630.0M | ||
| Q4 24 | $1.3B | $625.0M | ||
| Q3 24 | $1.3B | $649.0M | ||
| Q2 24 | $1.3B | $686.0M | ||
| Q1 24 | $1.3B | $639.0M |
净利润CTBBPK
| Q4 25 | $-2.1B | $-205.0M | ||
| Q3 25 | $176.0M | $-16.0M | ||
| Q2 25 | $277.0M | $-5.0M | ||
| Q1 25 | $284.0M | $-57.0M | ||
| Q4 24 | $391.0M | $66.0M | ||
| Q3 24 | $365.0M | $54.0M | ||
| Q2 24 | $378.0M | $64.0M | ||
| Q1 24 | $353.0M | $28.0M |
毛利率CTBBPK
| 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CTBBPK
| Q4 25 | -183.2% | -26.1% | ||
| Q3 25 | 22.3% | 9.7% | ||
| Q2 25 | 33.1% | 9.7% | ||
| Q1 25 | 33.7% | 1.1% | ||
| Q4 24 | 40.7% | 13.3% | ||
| Q3 24 | 38.5% | 14.6% | ||
| Q2 24 | 40.3% | 17.6% | ||
| Q1 24 | 37.6% | 14.4% |
净利率CTBBPK
| Q4 25 | -187.5% | -32.6% | ||
| Q3 25 | 16.1% | -2.6% | ||
| Q2 25 | 24.3% | -0.7% | ||
| Q1 25 | 24.7% | -9.0% | ||
| Q4 24 | 30.2% | 10.6% | ||
| Q3 24 | 28.2% | 8.3% | ||
| Q2 24 | 28.7% | 9.3% | ||
| Q1 24 | 26.8% | 4.4% |
每股收益（稀释后）CTBBPK
| Q4 25 | — | $-1.04 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-0.02 | ||
| Q1 25 | — | $-0.29 | ||
| Q4 24 | — | $0.32 | ||
| Q3 24 | — | $0.26 | ||
| Q2 24 | — | $0.30 | ||
| Q1 24 | — | $0.13 |
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 | $232.0M |
| 总债务越低越好 | $1.7B | $3.9B |
| 股东权益账面价值 | $10.9B | $3.1B |
| 总资产 | $15.8B | $7.7B |
| 负债/权益比越低杠杆越低 | 0.15× | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资CTBBPK
| Q4 25 | $39.0M | $232.0M | ||
| Q3 25 | $36.0M | $278.0M | ||
| Q2 25 | $25.0M | $319.0M | ||
| Q1 25 | $40.0M | $233.0M | ||
| Q4 24 | $26.0M | $402.0M | ||
| Q3 24 | $22.0M | $480.0M | ||
| Q2 24 | $18.0M | $449.0M | ||
| Q1 24 | $14.0M | $378.0M |
总债务CTBBPK
| Q4 25 | $1.7B | $3.9B | ||
| Q3 25 | $1.7B | $3.9B | ||
| Q2 25 | $1.7B | $3.9B | ||
| Q1 25 | $1.7B | $3.9B | ||
| Q4 24 | $1.7B | $3.9B | ||
| Q3 24 | $1.7B | $3.9B | ||
| Q2 24 | $1.9B | $3.9B | ||
| Q1 24 | $1.9B | $3.8B |
股东权益CTBBPK
| Q4 25 | $10.9B | $3.1B | ||
| Q3 25 | $13.0B | $3.4B | ||
| Q2 25 | $12.8B | $3.4B | ||
| Q1 25 | $12.5B | $3.5B | ||
| Q4 24 | $12.2B | $3.6B | ||
| Q3 24 | $11.9B | $3.8B | ||
| Q2 24 | $11.5B | $3.8B | ||
| Q1 24 | $11.1B | $3.8B |
总资产CTBBPK
| Q4 25 | $15.8B | $7.7B | ||
| Q3 25 | $17.9B | $8.8B | ||
| Q2 25 | $17.8B | $8.9B | ||
| Q1 25 | $17.6B | $8.9B | ||
| Q4 24 | $17.4B | $9.2B | ||
| Q3 24 | $17.0B | $9.2B | ||
| Q2 24 | $16.6B | $9.2B | ||
| Q1 24 | $16.4B | $9.1B |
负债/权益比CTBBPK
| Q4 25 | 0.15× | 1.23× | ||
| Q3 25 | 0.13× | 1.14× | ||
| Q2 25 | 0.13× | 1.12× | ||
| Q1 25 | 0.13× | 1.11× | ||
| Q4 24 | 0.14× | 1.06× | ||
| Q3 24 | 0.14× | 1.03× | ||
| Q2 24 | 0.17× | 1.03× | ||
| Q1 24 | 0.17× | 1.00× |
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 | $105.0M |
| 自由现金流经营现金流 - 资本支出 | $160.0M | $-3.0M |
| 自由现金流率自由现金流/营收 | 14.5% | -0.5% |
| 资本支出强度资本支出/营收 | 22.0% | 17.2% |
| 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 | $102.0M |
8季度趋势，按日历期对齐
经营现金流CTBBPK
| Q4 25 | $402.0M | $105.0M | ||
| Q3 25 | $427.0M | $99.0M | ||
| Q2 25 | $480.0M | $108.0M | ||
| Q1 25 | $453.0M | $86.0M | ||
| Q4 24 | $548.0M | $80.0M | ||
| Q3 24 | $627.0M | $140.0M | ||
| Q2 24 | $548.0M | $117.0M | ||
| Q1 24 | $471.0M | $92.0M |
自由现金流CTBBPK
| Q4 25 | $160.0M | $-3.0M | ||
| Q3 25 | $252.0M | $31.0M | ||
| Q2 25 | $276.0M | $65.0M | ||
| Q1 25 | $250.0M | $9.0M | ||
| Q4 24 | $277.0M | $17.0M | ||
| Q3 24 | $396.0M | $97.0M | ||
| Q2 24 | $280.0M | $66.0M | ||
| Q1 24 | $194.0M | $22.0M |
自由现金流率CTBBPK
| Q4 25 | 14.5% | -0.5% | ||
| Q3 25 | 23.1% | 5.1% | ||
| Q2 25 | 24.2% | 9.7% | ||
| Q1 25 | 21.7% | 1.4% | ||
| Q4 24 | 21.4% | 2.7% | ||
| Q3 24 | 30.6% | 14.9% | ||
| Q2 24 | 21.3% | 9.6% | ||
| Q1 24 | 14.7% | 3.4% |
资本支出强度CTBBPK
| Q4 25 | 22.0% | 17.2% | ||
| Q3 25 | 16.0% | 11.1% | ||
| Q2 25 | 17.9% | 6.4% | ||
| Q1 25 | 17.6% | 12.2% | ||
| Q4 24 | 20.9% | 10.1% | ||
| Q3 24 | 17.9% | 6.6% | ||
| Q2 24 | 20.4% | 7.4% | ||
| Q1 24 | 21.0% | 11.0% |
现金转化率CTBBPK
| Q4 25 | — | — | ||
| Q3 25 | 2.43× | — | ||
| Q2 25 | 1.73× | — | ||
| Q1 25 | 1.60× | — | ||
| Q4 24 | 1.40× | 1.21× | ||
| Q3 24 | 1.72× | 2.59× | ||
| Q2 24 | 1.45× | 1.83× | ||
| Q1 24 | 1.33× | 3.29× |
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% |
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
