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QWEST CORP（CTBB）与Rivian Automotive, Inc.（RIVN）财务数据对比。点击上方公司名可切换其他公司
Rivian Automotive, Inc.的季度营收约是QWEST CORP的1.2倍（$1.3B vs $1.1B），Rivian Automotive, Inc.净利率更高（-63.1% vs -187.5%，领先124.4%），QWEST CORP同比增速更快（-15.0% vs -25.8%），QWEST CORP自由现金流更多（$160.0M vs $-1.1B），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% 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。
Rivian Automotive是2009年成立的美国电动汽车制造商及汽车科技企业，主打基于自研滑板平台打造的电动SUV、皮卡及EDV电动配送货车，旗下R1T皮卡于2021年末正式开启交付，还计划于2023年底前在美国和加拿大布局专属充电网络，其平台可适配新车型也可对外授权使用。
CTBB vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.2倍
$1.1B
营收增速更快
CTBB
高出10.8%
-25.8%
净利率更高
RIVN
高出124.4%
-187.5%
自由现金流更多
CTBB
多$1.3B
$-1.1B
两年增速更快
RIVN
近两年复合增速
-8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.3B |
| 净利润 | $-2.1B | $-811.0M |
| 毛利率 | 67.9% | 9.3% |
| 营业利润率 | -183.2% | -64.8% |
| 净利率 | -187.5% | -63.1% |
| 营收同比 | -15.0% | -25.8% |
| 净利润同比 | -627.9% | -9.0% |
| 每股收益（稀释后） | — | $-0.66 |
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CTBBRIVN
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $874.0M | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.3B | $1.2B |
净利润CTBBRIVN
| Q4 25 | $-2.1B | $-811.0M | ||
| Q3 25 | $176.0M | $-1.2B | ||
| Q2 25 | $277.0M | $-1.1B | ||
| Q1 25 | $284.0M | $-545.0M | ||
| Q4 24 | $391.0M | $-744.0M | ||
| Q3 24 | $365.0M | $-1.1B | ||
| Q2 24 | $378.0M | $-1.5B | ||
| Q1 24 | $353.0M | $-1.4B |
毛利率CTBBRIVN
| Q4 25 | 67.9% | 9.3% | ||
| Q3 25 | 65.3% | 1.5% | ||
| Q2 25 | 68.2% | -15.8% | ||
| Q1 25 | 69.3% | 16.6% | ||
| Q4 24 | 71.2% | 9.8% | ||
| Q3 24 | 69.9% | -44.9% | ||
| Q2 24 | 71.6% | -38.9% | ||
| Q1 24 | 71.9% | -43.8% |
营业利润率CTBBRIVN
| Q4 25 | -183.2% | -64.8% | ||
| Q3 25 | 22.3% | -63.1% | ||
| Q2 25 | 33.1% | -85.5% | ||
| Q1 25 | 33.7% | -52.8% | ||
| Q4 24 | 40.7% | -38.1% | ||
| Q3 24 | 38.5% | -133.8% | ||
| Q2 24 | 40.3% | -118.7% | ||
| Q1 24 | 37.6% | -123.3% |
净利率CTBBRIVN
| Q4 25 | -187.5% | -63.1% | ||
| Q3 25 | 16.1% | -75.3% | ||
| Q2 25 | 24.3% | -85.7% | ||
| Q1 25 | 24.7% | -44.0% | ||
| Q4 24 | 30.2% | -42.9% | ||
| Q3 24 | 28.2% | -125.9% | ||
| Q2 24 | 28.7% | -125.8% | ||
| Q1 24 | 26.8% | -120.1% |
每股收益（稀释后）CTBBRIVN
| Q4 25 | — | $-0.66 | ||
| Q3 25 | — | $-0.96 | ||
| Q2 25 | — | $-0.97 | ||
| Q1 25 | — | $-0.48 | ||
| Q4 24 | — | $-0.67 | ||
| Q3 24 | — | $-1.08 | ||
| Q2 24 | — | $-1.46 | ||
| Q1 24 | — | $-1.48 |
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 | $6.1B |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $10.9B | $4.6B |
| 总资产 | $15.8B | $14.9B |
| 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CTBBRIVN
| Q4 25 | $39.0M | $6.1B | ||
| Q3 25 | $36.0M | $7.1B | ||
| Q2 25 | $25.0M | $7.5B | ||
| Q1 25 | $40.0M | $7.2B | ||
| Q4 24 | $26.0M | $7.7B | ||
| Q3 24 | $22.0M | $6.7B | ||
| Q2 24 | $18.0M | $7.9B | ||
| Q1 24 | $14.0M | $7.9B |
总债务CTBBRIVN
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.9B | $5.5B | ||
| Q1 24 | $1.9B | $4.4B |
股东权益CTBBRIVN
| Q4 25 | $10.9B | $4.6B | ||
| Q3 25 | $13.0B | $5.1B | ||
| Q2 25 | $12.8B | $6.1B | ||
| Q1 25 | $12.5B | $6.2B | ||
| Q4 24 | $12.2B | $6.6B | ||
| Q3 24 | $11.9B | $5.9B | ||
| Q2 24 | $11.5B | $6.8B | ||
| Q1 24 | $11.1B | $8.1B |
总资产CTBBRIVN
| Q4 25 | $15.8B | $14.9B | ||
| Q3 25 | $17.9B | $15.2B | ||
| Q2 25 | $17.8B | $15.6B | ||
| Q1 25 | $17.6B | $15.5B | ||
| Q4 24 | $17.4B | $15.4B | ||
| Q3 24 | $17.0B | $14.3B | ||
| Q2 24 | $16.6B | $15.4B | ||
| Q1 24 | $16.4B | $15.7B |
负债/权益比CTBBRIVN
| 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× | 0.81× | ||
| Q1 24 | 0.17× | 0.55× |
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 | $-681.0M |
| 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% | -89.0% |
| 资本支出强度资本支出/营收 | 22.0% | 36.0% |
| 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 | $-2.5B |
8季度趋势，按日历期对齐
经营现金流CTBBRIVN
| Q4 25 | $402.0M | $-681.0M | ||
| Q3 25 | $427.0M | $26.0M | ||
| Q2 25 | $480.0M | $64.0M | ||
| Q1 25 | $453.0M | $-188.0M | ||
| Q4 24 | $548.0M | $1.2B | ||
| Q3 24 | $627.0M | $-876.0M | ||
| Q2 24 | $548.0M | $-754.0M | ||
| Q1 24 | $471.0M | $-1.3B |
自由现金流CTBBRIVN
| Q4 25 | $160.0M | $-1.1B | ||
| Q3 25 | $252.0M | $-421.0M | ||
| Q2 25 | $276.0M | $-398.0M | ||
| Q1 25 | $250.0M | $-526.0M | ||
| Q4 24 | $277.0M | $856.0M | ||
| Q3 24 | $396.0M | $-1.2B | ||
| Q2 24 | $280.0M | $-1.0B | ||
| Q1 24 | $194.0M | $-1.5B |
自由现金流率CTBBRIVN
| Q4 25 | 14.5% | -89.0% | ||
| Q3 25 | 23.1% | -27.0% | ||
| Q2 25 | 24.2% | -30.5% | ||
| Q1 25 | 21.7% | -42.4% | ||
| Q4 24 | 21.4% | 49.4% | ||
| Q3 24 | 30.6% | -131.9% | ||
| Q2 24 | 21.3% | -89.6% | ||
| Q1 24 | 14.7% | -126.5% |
资本支出强度CTBBRIVN
| Q4 25 | 22.0% | 36.0% | ||
| Q3 25 | 16.0% | 28.7% | ||
| Q2 25 | 17.9% | 35.5% | ||
| Q1 25 | 17.6% | 27.3% | ||
| Q4 24 | 20.9% | 18.9% | ||
| Q3 24 | 17.9% | 31.7% | ||
| Q2 24 | 20.4% | 24.4% | ||
| Q1 24 | 21.0% | 21.1% |
现金转化率CTBBRIVN
| Q4 25 | — | — | ||
| Q3 25 | 2.43× | — | ||
| Q2 25 | 1.73× | — | ||
| Q1 25 | 1.60× | — | ||
| Q4 24 | 1.40× | — | ||
| Q3 24 | 1.72× | — | ||
| Q2 24 | 1.45× | — | ||
| Q1 24 | 1.33× | — |
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
| Nonrelated Party | $665.0M | 60% |
| Other | $436.0M | 40% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
