vs
Frontier Communications Parent, Inc.（FYBR）与NiSource（NI）财务数据对比。点击上方公司名可切换其他公司
NiSource的季度营收约是Frontier Communications Parent, Inc.的1.2倍（$1.9B vs $1.5B），NiSource净利率更高（13.7% vs -5.0%，领先18.6%），NiSource同比增速更快（22.5% vs 4.2%），NiSource自由现金流更多（$-133.7M vs $-315.0M），过去两年NiSource的营收复合增速更高（7.2% vs 4.3%）
前沿通信母公司是一家美国电信企业，隶属于威瑞森，拥有光纤通信网络，并提供云相关服务，该公司曾先后更名为公民公用事业公司、公民通信公司和前沿通信公司，是美国本土知名电信运营商之一。
NiSource是美国规模最大的受全面监管公用事业企业之一，总部位于印第安纳州梅里尔维尔，员工规模超8000人。公司旗下拥有Columbia Gas、NIPSCO两大本土品牌，业务覆盖美国六个州，为约350万天然气用户、50万电力用户提供服务，2018年时是印第安纳州唯一的本土公用事业企业。
FYBR vs NI — 直观对比
营收规模更大
NI
是对方的1.2倍
$1.5B
营收增速更快
NI
高出18.3%
4.2%
净利率更高
NI
高出18.6%
-5.0%
自由现金流更多
NI
多$181.3M
$-315.0M
两年增速更快
NI
近两年复合增速
4.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.9B |
| 净利润 | $-76.0M | $257.8M |
| 毛利率 | 64.3% | — |
| 营业利润率 | 7.6% | 27.3% |
| 净利率 | -5.0% | 13.7% |
| 营收同比 | 4.2% | 22.5% |
| 净利润同比 | 7.3% | 15.1% |
| 每股收益（稀释后） | $-0.30 | $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FYBRNI
| Q4 25 | — | $1.9B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $2.1B | ||
| Q4 24 | $1.5B | $1.5B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.4B | $1.6B |
净利润FYBRNI
| Q4 25 | — | $257.8M | ||
| Q3 25 | $-76.0M | $94.7M | ||
| Q2 25 | $-123.0M | $102.2M | ||
| Q1 25 | $-64.0M | $474.8M | ||
| Q4 24 | $-118.0M | $223.9M | ||
| Q3 24 | $-82.0M | $85.7M | ||
| Q2 24 | $-123.0M | $85.8M | ||
| Q1 24 | $1.0M | $365.0M |
毛利率FYBRNI
| Q4 25 | — | — | ||
| Q3 25 | 64.3% | — | ||
| Q2 25 | 65.0% | — | ||
| Q1 25 | 65.2% | — | ||
| Q4 24 | 64.2% | — | ||
| Q3 24 | 63.4% | — | ||
| Q2 24 | 64.8% | — | ||
| Q1 24 | 63.9% | — |
营业利润率FYBRNI
| Q4 25 | — | 27.3% | ||
| Q3 25 | 7.6% | 24.0% | ||
| Q2 25 | 2.9% | 21.1% | ||
| Q1 25 | 5.1% | 35.3% | ||
| Q4 24 | 5.8% | 27.1% | ||
| Q3 24 | 5.8% | 20.9% | ||
| Q2 24 | 6.2% | 22.5% | ||
| Q1 24 | 6.2% | 35.5% |
净利率FYBRNI
| Q4 25 | — | 13.7% | ||
| Q3 25 | -5.0% | 7.6% | ||
| Q2 25 | -8.1% | 8.2% | ||
| Q1 25 | -4.3% | 22.1% | ||
| Q4 24 | -7.9% | 14.5% | ||
| Q3 24 | -5.6% | 8.2% | ||
| Q2 24 | -8.4% | 8.1% | ||
| Q1 24 | 0.1% | 22.2% |
每股收益（稀释后）FYBRNI
| Q4 25 | — | $0.53 | ||
| Q3 25 | $-0.30 | $0.20 | ||
| Q2 25 | $-0.49 | $0.22 | ||
| Q1 25 | $-0.26 | $1.00 | ||
| Q4 24 | $-0.48 | $0.47 | ||
| Q3 24 | $-0.33 | $0.19 | ||
| Q2 24 | $-0.49 | $0.19 | ||
| Q1 24 | $0.00 | $0.77 |
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 | $336.0M | $110.1M |
| 总债务越低越好 | — | $15.5B |
| 股东权益账面价值 | $4.7B | $9.5B |
| 总资产 | $21.6B | $35.9B |
| 负债/权益比越低杠杆越低 | — | 1.64× |
8季度趋势，按日历期对齐
现金及短期投资FYBRNI
| Q4 25 | — | $110.1M | ||
| Q3 25 | $336.0M | $95.0M | ||
| Q2 25 | $412.0M | $335.4M | ||
| Q1 25 | $506.0M | $259.4M | ||
| Q4 24 | $750.0M | $156.6M | ||
| Q3 24 | $1.3B | $126.2M | ||
| Q2 24 | $1.2B | $101.2M | ||
| Q1 24 | $1.5B | $102.2M |
总债务FYBRNI
| Q4 25 | — | $15.5B | ||
| Q3 25 | — | $14.5B | ||
| Q2 25 | — | $14.5B | ||
| Q1 25 | — | $12.8B | ||
| Q4 24 | — | $12.1B | ||
| Q3 24 | — | $12.1B | ||
| Q2 24 | — | $12.8B | ||
| Q1 24 | — | $11.7B |
股东权益FYBRNI
| Q4 25 | — | $9.5B | ||
| Q3 25 | $4.7B | $9.1B | ||
| Q2 25 | $4.8B | $8.9B | ||
| Q1 25 | $4.9B | $8.9B | ||
| Q4 24 | $4.9B | $8.7B | ||
| Q3 24 | $5.1B | $8.3B | ||
| Q2 24 | $5.1B | $7.9B | ||
| Q1 24 | $5.3B | $7.9B |
总资产FYBRNI
| Q4 25 | — | $35.9B | ||
| Q3 25 | $21.6B | $34.4B | ||
| Q2 25 | $21.3B | $34.0B | ||
| Q1 25 | $20.9B | $33.1B | ||
| Q4 24 | $20.6B | $31.8B | ||
| Q3 24 | $20.9B | $30.8B | ||
| Q2 24 | $20.2B | $29.9B | ||
| Q1 24 | $20.2B | $29.3B |
负债/权益比FYBRNI
| Q4 25 | — | 1.64× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 1.63× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | — | 1.45× | ||
| Q2 24 | — | 1.63× | ||
| Q1 24 | — | 1.48× |
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 | $504.0M | $712.6M |
| 自由现金流经营现金流 - 资本支出 | $-315.0M | $-133.7M |
| 自由现金流率自由现金流/营收 | -20.5% | -7.1% |
| 资本支出强度资本支出/营收 | 53.4% | 44.9% |
| 现金转化率经营现金流/净利润 | — | 2.76× |
| 过去12个月自由现金流最近4个季度 | $-1.4B | $-420.0M |
8季度趋势，按日历期对齐
经营现金流FYBRNI
| Q4 25 | — | $712.6M | ||
| Q3 25 | $504.0M | $467.9M | ||
| Q2 25 | $477.0M | $495.4M | ||
| Q1 25 | $519.0M | $686.4M | ||
| Q4 24 | $294.0M | $539.8M | ||
| Q3 24 | $618.0M | $340.0M | ||
| Q2 24 | $374.0M | $445.5M | ||
| Q1 24 | $335.0M | $456.2M |
自由现金流FYBRNI
| Q4 25 | — | $-133.7M | ||
| Q3 25 | $-315.0M | $-172.6M | ||
| Q2 25 | $-368.0M | $-162.8M | ||
| Q1 25 | $-238.0M | $49.1M | ||
| Q4 24 | $-498.0M | $-220.2M | ||
| Q3 24 | $-81.0M | $-294.7M | ||
| Q2 24 | $-252.0M | $-184.3M | ||
| Q1 24 | $-331.0M | $-133.3M |
自由现金流率FYBRNI
| Q4 25 | — | -7.1% | ||
| Q3 25 | -20.5% | -13.9% | ||
| Q2 25 | -24.2% | -13.1% | ||
| Q1 25 | -15.9% | 2.3% | ||
| Q4 24 | -33.4% | -14.3% | ||
| Q3 24 | -5.5% | -28.2% | ||
| Q2 24 | -17.2% | -17.5% | ||
| Q1 24 | -22.9% | -8.1% |
资本支出强度FYBRNI
| Q4 25 | — | 44.9% | ||
| Q3 25 | 53.4% | 51.6% | ||
| Q2 25 | 55.5% | 52.8% | ||
| Q1 25 | 50.6% | 29.6% | ||
| Q4 24 | 53.2% | 49.4% | ||
| Q3 24 | 47.5% | 60.7% | ||
| Q2 24 | 42.7% | 59.7% | ||
| Q1 24 | 46.1% | 35.9% |
现金转化率FYBRNI
| Q4 25 | — | 2.76× | ||
| Q3 25 | — | 4.94× | ||
| Q2 25 | — | 4.85× | ||
| Q1 25 | — | 1.45× | ||
| Q4 24 | — | 2.41× | ||
| Q3 24 | — | 3.97× | ||
| Q2 24 | — | 5.19× | ||
| Q1 24 | 335.00× | 1.25× |
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
FYBR
| Consumer | $826.0M | 54% |
| Business And Wholesale | $707.0M | 46% |
NI
| Residential | $703.6M | 37% |
| Ni Source Electric Generation And Power Delivery | $525.6M | 28% |
| NIPSCO Gas Distribution | $348.1M | 18% |
| Commercial | $235.9M | 13% |
| Industrial | $45.9M | 2% |
| Offsystem | $16.9M | 1% |
| Misc. | $9.6M | 1% |
| Related Party | $3.3M | 0% |
