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QWEST CORP（CTBB）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是QWEST CORP的1.3倍（$1.4B vs $1.1B），RXO, Inc.净利率更高（-2.5% vs -187.5%，领先184.9%），RXO, Inc.同比增速更快（-0.6% vs -15.0%），过去两年RXO, Inc.的营收复合增速更高（23.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
CTBB vs RXO — 直观对比
营收规模更大
RXO
是对方的1.3倍
$1.1B
营收增速更快
RXO
高出14.5%
-15.0%
净利率更高
RXO
高出184.9%
-187.5%
两年增速更快
RXO
近两年复合增速
-8.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $-2.1B | $-36.0M |
| 毛利率 | 67.9% | — |
| 营业利润率 | -183.2% | — |
| 净利率 | -187.5% | -2.5% |
| 营收同比 | -15.0% | -0.6% |
| 净利润同比 | -627.9% | -16.1% |
| 每股收益（稀释后） | — | $-0.21 |
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CTBBRXO
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.3B | $930.0M |
净利润CTBBRXO
| Q1 26 | — | $-36.0M | ||
| Q4 25 | $-2.1B | $-46.0M | ||
| Q3 25 | $176.0M | $-14.0M | ||
| Q2 25 | $277.0M | $-9.0M | ||
| Q1 25 | $284.0M | $-31.0M | ||
| Q4 24 | $391.0M | $-25.0M | ||
| Q3 24 | $365.0M | $-243.0M | ||
| Q2 24 | $378.0M | $-7.0M |
毛利率CTBBRXO
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CTBBRXO
| Q1 26 | — | — | ||
| Q4 25 | -183.2% | -2.9% | ||
| Q3 25 | 22.3% | -0.5% | ||
| Q2 25 | 33.1% | — | ||
| Q1 25 | 33.7% | -2.1% | ||
| Q4 24 | 40.7% | -1.4% | ||
| Q3 24 | 38.5% | -1.9% | ||
| Q2 24 | 40.3% | — |
净利率CTBBRXO
| Q1 26 | — | -2.5% | ||
| Q4 25 | -187.5% | -3.1% | ||
| Q3 25 | 16.1% | -1.0% | ||
| Q2 25 | 24.3% | -0.6% | ||
| Q1 25 | 24.7% | -2.2% | ||
| Q4 24 | 30.2% | -1.5% | ||
| Q3 24 | 28.2% | -23.4% | ||
| Q2 24 | 28.7% | -0.8% |
每股收益（稀释后）CTBBRXO
| Q1 26 | — | $-0.21 | ||
| Q4 25 | — | $-0.28 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $-0.18 | ||
| Q4 24 | — | $-0.17 | ||
| Q3 24 | — | $-1.81 | ||
| Q2 24 | — | $-0.06 |
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 | $21.0M |
| 总债务越低越好 | $1.7B | $17.0M |
| 股东权益账面价值 | $10.9B | $1.5B |
| 总资产 | $15.8B | $3.3B |
| 负债/权益比越低杠杆越低 | 0.15× | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资CTBBRXO
| Q1 26 | — | $21.0M | ||
| Q4 25 | $39.0M | $17.0M | ||
| Q3 25 | $36.0M | $25.0M | ||
| Q2 25 | $25.0M | $18.0M | ||
| Q1 25 | $40.0M | $16.0M | ||
| Q4 24 | $26.0M | $35.0M | ||
| Q3 24 | $22.0M | $55.0M | ||
| Q2 24 | $18.0M | $7.0M |
总债务CTBBRXO
| Q1 26 | — | $17.0M | ||
| Q4 25 | $1.7B | $387.0M | ||
| Q3 25 | $1.7B | $387.0M | ||
| Q2 25 | $1.7B | $387.0M | ||
| Q1 25 | $1.7B | $387.0M | ||
| Q4 24 | $1.7B | $351.0M | ||
| Q3 24 | $1.7B | $352.0M | ||
| Q2 24 | $1.9B | $370.0M |
股东权益CTBBRXO
| Q1 26 | — | $1.5B | ||
| Q4 25 | $10.9B | $1.5B | ||
| Q3 25 | $13.0B | $1.6B | ||
| Q2 25 | $12.8B | $1.6B | ||
| Q1 25 | $12.5B | $1.6B | ||
| Q4 24 | $12.2B | $1.6B | ||
| Q3 24 | $11.9B | $1.7B | ||
| Q2 24 | $11.5B | $579.0M |
总资产CTBBRXO
| Q1 26 | — | $3.3B | ||
| Q4 25 | $15.8B | $3.3B | ||
| Q3 25 | $17.9B | $3.2B | ||
| Q2 25 | $17.8B | $3.2B | ||
| Q1 25 | $17.6B | $3.3B | ||
| Q4 24 | $17.4B | $3.4B | ||
| Q3 24 | $17.0B | $3.4B | ||
| Q2 24 | $16.6B | $1.8B |
负债/权益比CTBBRXO
| Q1 26 | — | 0.01× | ||
| Q4 25 | 0.15× | 0.25× | ||
| Q3 25 | 0.13× | 0.24× | ||
| Q2 25 | 0.13× | 0.24× | ||
| Q1 25 | 0.13× | 0.24× | ||
| Q4 24 | 0.14× | 0.22× | ||
| Q3 24 | 0.14× | 0.21× | ||
| Q2 24 | 0.17× | 0.64× |
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 | $-7.0M |
| 自由现金流经营现金流 - 资本支出 | $160.0M | — |
| 自由现金流率自由现金流/营收 | 14.5% | — |
| 资本支出强度资本支出/营收 | 22.0% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CTBBRXO
| Q1 26 | — | $-7.0M | ||
| Q4 25 | $402.0M | $7.0M | ||
| Q3 25 | $427.0M | $23.0M | ||
| Q2 25 | $480.0M | $23.0M | ||
| Q1 25 | $453.0M | $-2.0M | ||
| Q4 24 | $548.0M | $-7.0M | ||
| Q3 24 | $627.0M | $-7.0M | ||
| Q2 24 | $548.0M | $-5.0M |
自由现金流CTBBRXO
| Q1 26 | — | — | ||
| Q4 25 | $160.0M | $-9.0M | ||
| Q3 25 | $252.0M | $9.0M | ||
| Q2 25 | $276.0M | $9.0M | ||
| Q1 25 | $250.0M | $-17.0M | ||
| Q4 24 | $277.0M | $-19.0M | ||
| Q3 24 | $396.0M | $-18.0M | ||
| Q2 24 | $280.0M | $-16.0M |
自由现金流率CTBBRXO
| Q1 26 | — | — | ||
| Q4 25 | 14.5% | -0.6% | ||
| Q3 25 | 23.1% | 0.6% | ||
| Q2 25 | 24.2% | 0.6% | ||
| Q1 25 | 21.7% | -1.2% | ||
| Q4 24 | 21.4% | -1.1% | ||
| Q3 24 | 30.6% | -1.7% | ||
| Q2 24 | 21.3% | -1.7% |
资本支出强度CTBBRXO
| Q1 26 | — | — | ||
| Q4 25 | 22.0% | 1.1% | ||
| Q3 25 | 16.0% | 1.0% | ||
| Q2 25 | 17.9% | 1.0% | ||
| Q1 25 | 17.6% | 1.0% | ||
| Q4 24 | 20.9% | 0.7% | ||
| Q3 24 | 17.9% | 1.1% | ||
| Q2 24 | 20.4% | 1.2% |
现金转化率CTBBRXO
| Q1 26 | — | — | ||
| 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× | — |
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% |
RXO
| Truck brokerage | $1.1B | 77% |
| Complementary services (1) | $388.0M | 27% |
