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QWEST CORP（CTBB）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
利氏兄弟拍卖行的季度营收约是QWEST CORP的1.1倍（$1.2B vs $1.1B），利氏兄弟拍卖行净利率更高（9.1% vs -187.5%，领先196.6%），利氏兄弟拍卖行同比增速更快（5.4% vs -15.0%），利氏兄弟拍卖行自由现金流更多（$186.5M vs $160.0M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% 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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
CTBB vs RBA — 直观对比
营收规模更大
RBA
是对方的1.1倍
$1.1B
营收增速更快
RBA
高出20.5%
-15.0%
净利率更高
RBA
高出196.6%
-187.5%
自由现金流更多
RBA
多$26.5M
$160.0M
两年增速更快
RBA
近两年复合增速
-8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $-2.1B | $109.7M |
| 毛利率 | 67.9% | — |
| 营业利润率 | -183.2% | 14.7% |
| 净利率 | -187.5% | 9.1% |
| 营收同比 | -15.0% | 5.4% |
| 净利润同比 | -627.9% | -7.4% |
| 每股收益（稀释后） | — | $0.53 |
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CTBBRBA
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.3B | $981.8M | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.3B | $1.1B |
净利润CTBBRBA
| Q4 25 | $-2.1B | $109.7M | ||
| Q3 25 | $176.0M | $95.5M | ||
| Q2 25 | $277.0M | $109.8M | ||
| Q1 25 | $284.0M | $113.4M | ||
| Q4 24 | $391.0M | $118.5M | ||
| Q3 24 | $365.0M | $76.1M | ||
| Q2 24 | $378.0M | $111.1M | ||
| Q1 24 | $353.0M | $107.4M |
毛利率CTBBRBA
| 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CTBBRBA
| Q4 25 | -183.2% | 14.7% | ||
| Q3 25 | 22.3% | 14.5% | ||
| Q2 25 | 33.1% | 15.9% | ||
| Q1 25 | 33.7% | 17.1% | ||
| Q4 24 | 40.7% | 18.1% | ||
| Q3 24 | 38.5% | 15.6% | ||
| Q2 24 | 40.3% | 18.4% | ||
| Q1 24 | 37.6% | 18.7% |
净利率CTBBRBA
| Q4 25 | -187.5% | 9.1% | ||
| Q3 25 | 16.1% | 8.7% | ||
| Q2 25 | 24.3% | 9.3% | ||
| Q1 25 | 24.7% | 10.2% | ||
| Q4 24 | 30.2% | 10.4% | ||
| Q3 24 | 28.2% | 7.8% | ||
| Q2 24 | 28.7% | 10.1% | ||
| Q1 24 | 26.8% | 10.1% |
每股收益（稀释后）CTBBRBA
| Q4 25 | — | $0.53 | ||
| Q3 25 | — | $0.43 | ||
| Q2 25 | — | $0.53 | ||
| Q1 25 | — | $0.55 | ||
| Q4 24 | — | $0.58 | ||
| Q3 24 | — | $0.36 | ||
| Q2 24 | — | $0.54 | ||
| Q1 24 | — | $0.53 |
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 | $531.5M |
| 总债务越低越好 | $1.7B | $2.3B |
| 股东权益账面价值 | $10.9B | $5.6B |
| 总资产 | $15.8B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.15× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资CTBBRBA
| Q4 25 | $39.0M | $531.5M | ||
| Q3 25 | $36.0M | $674.7M | ||
| Q2 25 | $25.0M | $710.2M | ||
| Q1 25 | $40.0M | $578.1M | ||
| Q4 24 | $26.0M | $533.9M | ||
| Q3 24 | $22.0M | $650.7M | ||
| Q2 24 | $18.0M | $599.5M | ||
| Q1 24 | $14.0M | $462.8M |
总债务CTBBRBA
| Q4 25 | $1.7B | $2.3B | ||
| Q3 25 | $1.7B | $2.6B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $1.7B | $2.6B | ||
| Q4 24 | $1.7B | $2.6B | ||
| Q3 24 | $1.7B | $2.7B | ||
| Q2 24 | $1.9B | $2.8B | ||
| Q1 24 | $1.9B | $2.9B |
股东权益CTBBRBA
| Q4 25 | $10.9B | $5.6B | ||
| Q3 25 | $13.0B | $5.5B | ||
| Q2 25 | $12.8B | $5.5B | ||
| Q1 25 | $12.5B | $5.3B | ||
| Q4 24 | $12.2B | $5.2B | ||
| Q3 24 | $11.9B | $5.2B | ||
| Q2 24 | $11.5B | $5.2B | ||
| Q1 24 | $11.1B | $5.1B |
总资产CTBBRBA
| Q4 25 | $15.8B | $12.1B | ||
| Q3 25 | $17.9B | $12.2B | ||
| Q2 25 | $17.8B | $12.2B | ||
| Q1 25 | $17.6B | $11.9B | ||
| Q4 24 | $17.4B | $11.8B | ||
| Q3 24 | $17.0B | $11.9B | ||
| Q2 24 | $16.6B | $12.1B | ||
| Q1 24 | $16.4B | $12.0B |
负债/权益比CTBBRBA
| Q4 25 | 0.15× | 0.42× | ||
| Q3 25 | 0.13× | 0.47× | ||
| Q2 25 | 0.13× | 0.47× | ||
| Q1 25 | 0.13× | 0.50× | ||
| Q4 24 | 0.14× | 0.50× | ||
| Q3 24 | 0.14× | 0.52× | ||
| Q2 24 | 0.17× | 0.55× | ||
| Q1 24 | 0.17× | 0.58× |
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 | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $160.0M | $186.5M |
| 自由现金流率自由现金流/营收 | 14.5% | 15.5% |
| 资本支出强度资本支出/营收 | 22.0% | 5.7% |
| 现金转化率经营现金流/净利润 | — | 2.33× |
| 过去12个月自由现金流最近4个季度 | $938.0M | $719.2M |
8季度趋势，按日历期对齐
经营现金流CTBBRBA
| Q4 25 | $402.0M | $255.2M | ||
| Q3 25 | $427.0M | $239.7M | ||
| Q2 25 | $480.0M | $326.5M | ||
| Q1 25 | $453.0M | $156.8M | ||
| Q4 24 | $548.0M | $184.5M | ||
| Q3 24 | $627.0M | $285.4M | ||
| Q2 24 | $548.0M | $337.3M | ||
| Q1 24 | $471.0M | $124.8M |
自由现金流CTBBRBA
| Q4 25 | $160.0M | $186.5M | ||
| Q3 25 | $252.0M | $188.5M | ||
| Q2 25 | $276.0M | $241.7M | ||
| Q1 25 | $250.0M | $102.5M | ||
| Q4 24 | $277.0M | $127.9M | ||
| Q3 24 | $396.0M | $248.5M | ||
| Q2 24 | $280.0M | $308.6M | ||
| Q1 24 | $194.0M | $79.6M |
自由现金流率CTBBRBA
| Q4 25 | 14.5% | 15.5% | ||
| Q3 25 | 23.1% | 17.3% | ||
| Q2 25 | 24.2% | 20.4% | ||
| Q1 25 | 21.7% | 9.2% | ||
| Q4 24 | 21.4% | 11.2% | ||
| Q3 24 | 30.6% | 25.3% | ||
| Q2 24 | 21.3% | 28.2% | ||
| Q1 24 | 14.7% | 7.5% |
资本支出强度CTBBRBA
| Q4 25 | 22.0% | 5.7% | ||
| Q3 25 | 16.0% | 4.7% | ||
| Q2 25 | 17.9% | 7.2% | ||
| Q1 25 | 17.6% | 4.9% | ||
| Q4 24 | 20.9% | 5.0% | ||
| Q3 24 | 17.9% | 3.8% | ||
| Q2 24 | 20.4% | 2.6% | ||
| Q1 24 | 21.0% | 4.2% |
现金转化率CTBBRBA
| Q4 25 | — | 2.33× | ||
| Q3 25 | 2.43× | 2.51× | ||
| Q2 25 | 1.73× | 2.97× | ||
| Q1 25 | 1.60× | 1.38× | ||
| Q4 24 | 1.40× | 1.56× | ||
| Q3 24 | 1.72× | 3.75× | ||
| Q2 24 | 1.45× | 3.04× | ||
| Q1 24 | 1.33× | 1.16× |
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% |
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
