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凯撒娱乐（CZR）与Lumen Technologies, Inc.（LUMN）财务数据对比。点击上方公司名可切换其他公司
凯撒娱乐的季度营收约是Lumen Technologies, Inc.的1.0倍（$2.9B vs $2.7B），Lumen Technologies, Inc.净利率更高（-0.1% vs -2.9%，领先2.8%），凯撒娱乐同比增速更快（2.7% vs -11.0%），过去两年凯撒娱乐的营收复合增速更高（0.7% vs -5.3%）
凯撒娱乐前身为埃尔拉多度假村公司，是总部位于美国内华达州里诺的酒店博彩娱乐集团。2020年7月20日公司收购原凯撒娱乐集团后更为现名，目前运营超过50处物业，业务覆盖酒店、博彩、休闲娱乐等多个领域。
Lumen Technologies是总部位于美国路易斯安那州门罗市的电信企业，依托自有光纤、铜线网络、数据中心及云计算资源，为客户提供网络、安全、云、语音及各类托管通信服务，2023年3月起纳入标普600指数，此前曾为标普500指数成分股。
CZR vs LUMN — 直观对比
营收规模更大
CZR
是对方的1.0倍
$2.7B
营收增速更快
CZR
高出13.7%
-11.0%
净利率更高
LUMN
高出2.8%
-2.9%
两年增速更快
CZR
近两年复合增速
-5.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $2.7B |
| 净利润 | $-83.0M | $-2.0M |
| 毛利率 | — | 40.7% |
| 营业利润率 | 17.4% | -7.3% |
| 净利率 | -2.9% | -0.1% |
| 营收同比 | 2.7% | -11.0% |
| 净利润同比 | 15.3% | -102.4% |
| 每股收益（稀释后） | $-0.48 | $-0.01 |
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CZRLUMN
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $2.7B | ||
| Q3 25 | $2.9B | $2.8B | ||
| Q2 25 | $2.9B | $2.9B | ||
| Q1 25 | $2.8B | $2.9B | ||
| Q4 24 | $2.8B | $3.1B | ||
| Q3 24 | $2.9B | $3.0B | ||
| Q2 24 | $2.8B | $3.0B |
净利润CZRLUMN
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-250.0M | $-2.0M | ||
| Q3 25 | $-55.0M | $-621.0M | ||
| Q2 25 | $-82.0M | $-915.0M | ||
| Q1 25 | $-115.0M | $-201.0M | ||
| Q4 24 | $11.0M | $85.0M | ||
| Q3 24 | $-9.0M | $-148.0M | ||
| Q2 24 | $-122.0M | $-49.0M |
毛利率CZRLUMN
| Q1 26 | — | — | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | 39.4% | ||
| Q2 25 | — | 43.4% | ||
| Q1 25 | — | 42.0% | ||
| Q4 24 | — | 44.7% | ||
| Q3 24 | — | 43.0% | ||
| Q2 24 | — | 45.2% |
营业利润率CZRLUMN
| Q1 26 | 17.4% | — | ||
| Q4 25 | 11.4% | -7.3% | ||
| Q3 25 | 17.9% | -4.1% | ||
| Q2 25 | 18.1% | -21.0% | ||
| Q1 25 | 17.5% | 3.7% | ||
| Q4 24 | 23.9% | 5.0% | ||
| Q3 24 | 22.4% | 4.2% | ||
| Q2 24 | 17.9% | 4.5% |
净利率CZRLUMN
| Q1 26 | -2.9% | — | ||
| Q4 25 | -8.6% | -0.1% | ||
| Q3 25 | -1.9% | -22.1% | ||
| Q2 25 | -2.8% | -31.9% | ||
| Q1 25 | -4.1% | -6.9% | ||
| Q4 24 | 0.4% | 2.8% | ||
| Q3 24 | -0.3% | -5.0% | ||
| Q2 24 | -4.3% | -1.6% |
每股收益（稀释后）CZRLUMN
| Q1 26 | $-0.48 | — | ||
| Q4 25 | $-1.22 | $-0.01 | ||
| Q3 25 | $-0.27 | $-0.62 | ||
| Q2 25 | $-0.39 | $-0.92 | ||
| Q1 25 | $-0.54 | $-0.20 | ||
| Q4 24 | $0.04 | $0.08 | ||
| Q3 24 | $-0.04 | $-0.15 | ||
| Q2 24 | $-0.56 | $-0.05 |
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 | $867.0M | $1.0B |
| 总债务越低越好 | — | $17.4B |
| 股东权益账面价值 | — | $-1.1B |
| 总资产 | — | $34.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CZRLUMN
| Q1 26 | $867.0M | — | ||
| Q4 25 | $887.0M | $1.0B | ||
| Q3 25 | $836.0M | $2.4B | ||
| Q2 25 | $982.0M | $1.6B | ||
| Q1 25 | $884.0M | $1.9B | ||
| Q4 24 | $866.0M | $1.9B | ||
| Q3 24 | $802.0M | $2.6B | ||
| Q2 24 | $830.0M | $1.5B |
总债务CZRLUMN
| Q1 26 | — | — | ||
| Q4 25 | $11.9B | $17.4B | ||
| Q3 25 | $11.9B | $17.6B | ||
| Q2 25 | $12.3B | $17.6B | ||
| Q1 25 | $12.3B | $17.3B | ||
| Q4 24 | $12.3B | $17.5B | ||
| Q3 24 | $12.7B | $18.1B | ||
| Q2 24 | $12.4B | $18.4B |
股东权益CZRLUMN
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $-1.1B | ||
| Q3 25 | $3.8B | $-1.2B | ||
| Q2 25 | $3.9B | $-595.0M | ||
| Q1 25 | $4.1B | $289.0M | ||
| Q4 24 | $4.2B | $464.0M | ||
| Q3 24 | $4.2B | $342.0M | ||
| Q2 24 | $4.3B | $466.0M |
总资产CZRLUMN
| Q1 26 | — | — | ||
| Q4 25 | $31.6B | $34.3B | ||
| Q3 25 | $31.9B | $34.3B | ||
| Q2 25 | $32.5B | $33.0B | ||
| Q1 25 | $32.4B | $33.5B | ||
| Q4 24 | $32.6B | $33.5B | ||
| Q3 24 | $33.0B | $34.0B | ||
| Q2 24 | $33.1B | $32.9B |
负债/权益比CZRLUMN
| Q1 26 | — | — | ||
| Q4 25 | 3.40× | — | ||
| Q3 25 | 3.15× | — | ||
| Q2 25 | 3.15× | — | ||
| Q1 25 | 3.04× | 59.98× | ||
| Q4 24 | 2.96× | 37.70× | ||
| Q3 24 | 3.04× | 53.05× | ||
| Q2 24 | 2.89× | 39.51× |
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 | — | $562.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-1.1B |
| 自由现金流率自由现金流/营收 | — | -39.4% |
| 资本支出强度资本支出/营收 | — | 59.9% |
| 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 | — | $371.0M |
8季度趋势，按日历期对齐
经营现金流CZRLUMN
| Q1 26 | — | — | ||
| Q4 25 | $304.0M | $562.0M | ||
| Q3 25 | $318.0M | $2.5B | ||
| Q2 25 | $462.0M | $570.0M | ||
| Q1 25 | $218.0M | $1.1B | ||
| Q4 24 | $309.0M | $688.0M | ||
| Q3 24 | $232.0M | $2.0B | ||
| Q2 24 | $454.0M | $511.0M |
自由现金流CZRLUMN
| Q1 26 | — | — | ||
| Q4 25 | $147.0M | $-1.1B | ||
| Q3 25 | $123.0M | $1.5B | ||
| Q2 25 | $232.0M | $-321.0M | ||
| Q1 25 | $-5.0M | $304.0M | ||
| Q4 24 | $30.0M | $-227.0M | ||
| Q3 24 | $-192.0M | $1.2B | ||
| Q2 24 | $125.0M | $-242.0M |
自由现金流率CZRLUMN
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | -39.4% | ||
| Q3 25 | 4.3% | 52.4% | ||
| Q2 25 | 8.0% | -11.2% | ||
| Q1 25 | -0.2% | 10.4% | ||
| Q4 24 | 1.1% | -7.4% | ||
| Q3 24 | -6.7% | 39.8% | ||
| Q2 24 | 4.4% | -8.0% |
资本支出强度CZRLUMN
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 59.9% | ||
| Q3 25 | 6.8% | 37.1% | ||
| Q2 25 | 7.9% | 31.1% | ||
| Q1 25 | 8.0% | 27.2% | ||
| Q4 24 | 10.0% | 29.7% | ||
| Q3 24 | 14.8% | 28.6% | ||
| Q2 24 | 11.6% | 25.0% |
现金转化率CZRLUMN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 28.09× | 8.09× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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
CZR
| Casino | $1.7B | 58% |
| Hotel | $487.0M | 17% |
| Food and beverage | $424.0M | 15% |
| Other | $293.0M | 10% |
LUMN
| Large Enterprise | $758.0M | 28% |
| Wholesale | $661.0M | 24% |
| Mid Market Enterprise | $472.0M | 17% |
| Fiber Broadband | $232.0M | 8% |
| Other Broadband | $218.0M | 8% |
| Other | $184.0M | 7% |
| Voice And Other | $166.0M | 6% |
| International And Other | $77.0M | 3% |
