vs
Frontier Communications Parent, Inc.（FYBR）与Pinnacle West Capital（PNW）财务数据对比。点击上方公司名可切换其他公司
Frontier Communications Parent, Inc.的季度营收约是Pinnacle West Capital的1.4倍（$1.5B vs $1.1B），Pinnacle West Capital净利率更高（1.6% vs -5.0%，领先6.5%），Frontier Communications Parent, Inc.同比增速更快（4.2% vs 3.0%），Pinnacle West Capital自由现金流更多（$-192.7M vs $-315.0M），过去两年Pinnacle West Capital的营收复合增速更高（8.9% 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。
Pinnacle West Capital是美国公用事业控股企业，旗下拥有亚利桑那州规模最大的公用事业公司亚利桑那公共服务（APS）。公司于纽约证券交易所上市，是标普500指数成分股，运营受亚利桑那州公司委员会监管。
FYBR vs PNW — 直观对比
营收规模更大
FYBR
是对方的1.4倍
$1.1B
营收增速更快
FYBR
高出1.2%
3.0%
净利率更高
PNW
高出6.5%
-5.0%
自由现金流更多
PNW
多$122.3M
$-315.0M
两年增速更快
PNW
近两年复合增速
4.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.1B |
| 净利润 | $-76.0M | $17.6M |
| 毛利率 | 64.3% | — |
| 营业利润率 | 7.6% | 10.7% |
| 净利率 | -5.0% | 1.6% |
| 营收同比 | 4.2% | 3.0% |
| 净利润同比 | 7.3% | 798.0% |
| 每股收益（稀释后） | $-0.30 | $0.12 |
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FYBRPNW
| Q4 25 | — | $1.1B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.5B | $1.3B | ||
| Q1 24 | $1.4B | $951.7M |
净利润FYBRPNW
| Q4 25 | — | $17.6M | ||
| Q3 25 | $-76.0M | $417.5M | ||
| Q2 25 | $-123.0M | $196.9M | ||
| Q1 25 | $-64.0M | $-338.0K | ||
| Q4 24 | $-118.0M | $-2.5M | ||
| Q3 24 | $-82.0M | $399.3M | ||
| Q2 24 | $-123.0M | $208.1M | ||
| Q1 24 | $1.0M | $21.2M |
毛利率FYBRPNW
| 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FYBRPNW
| Q4 25 | — | 10.7% | ||
| Q3 25 | 7.6% | 32.0% | ||
| Q2 25 | 2.9% | 22.6% | ||
| Q1 25 | 5.1% | 5.5% | ||
| Q4 24 | 5.8% | 7.7% | ||
| Q3 24 | 5.8% | 30.9% | ||
| Q2 24 | 6.2% | 24.0% | ||
| Q1 24 | 6.2% | 7.0% |
净利率FYBRPNW
| Q4 25 | — | 1.6% | ||
| Q3 25 | -5.0% | 22.9% | ||
| Q2 25 | -8.1% | 14.5% | ||
| Q1 25 | -4.3% | -0.0% | ||
| Q4 24 | -7.9% | -0.2% | ||
| Q3 24 | -5.6% | 22.6% | ||
| Q2 24 | -8.4% | 15.9% | ||
| Q1 24 | 0.1% | 2.2% |
每股收益（稀释后）FYBRPNW
| Q4 25 | — | $0.12 | ||
| Q3 25 | $-0.30 | $3.39 | ||
| Q2 25 | $-0.49 | $1.58 | ||
| Q1 25 | $-0.26 | $-0.04 | ||
| Q4 24 | $-0.48 | $-0.04 | ||
| Q3 24 | $-0.33 | $3.37 | ||
| Q2 24 | $-0.49 | $1.76 | ||
| Q1 24 | $0.00 | $0.15 |
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 | $6.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.7B | $7.0B |
| 总资产 | $21.6B | $30.0B |
| 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FYBRPNW
| Q4 25 | — | $6.6M | ||
| Q3 25 | $336.0M | $30.9M | ||
| Q2 25 | $412.0M | $18.8M | ||
| Q1 25 | $506.0M | $10.0M | ||
| Q4 24 | $750.0M | $3.8M | ||
| Q3 24 | $1.3B | $49.2M | ||
| Q2 24 | $1.2B | $4.0M | ||
| Q1 24 | $1.5B | $9.6M |
股东权益FYBRPNW
| Q4 25 | — | $7.0B | ||
| Q3 25 | $4.7B | $7.2B | ||
| Q2 25 | $4.8B | $6.7B | ||
| Q1 25 | $4.9B | $6.7B | ||
| Q4 24 | $4.9B | $6.8B | ||
| Q3 24 | $5.1B | $6.6B | ||
| Q2 24 | $5.1B | $6.2B | ||
| Q1 24 | $5.3B | $6.2B |
总资产FYBRPNW
| Q4 25 | — | $30.0B | ||
| Q3 25 | $21.6B | $29.9B | ||
| Q2 25 | $21.3B | $29.2B | ||
| Q1 25 | $20.9B | $27.2B | ||
| Q4 24 | $20.6B | $26.1B | ||
| Q3 24 | $20.9B | $26.3B | ||
| Q2 24 | $20.2B | $25.7B | ||
| Q1 24 | $20.2B | $24.8B |
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 | $476.8M |
| 自由现金流经营现金流 - 资本支出 | $-315.0M | $-192.7M |
| 自由现金流率自由现金流/营收 | -20.5% | -17.1% |
| 资本支出强度资本支出/营收 | 53.4% | 59.3% |
| 现金转化率经营现金流/净利润 | — | 27.09× |
| 过去12个月自由现金流最近4个季度 | $-1.4B | $-819.5M |
8季度趋势，按日历期对齐
经营现金流FYBRPNW
| Q4 25 | — | $476.8M | ||
| Q3 25 | $504.0M | $665.0M | ||
| Q2 25 | $477.0M | $261.4M | ||
| Q1 25 | $519.0M | $401.9M | ||
| Q4 24 | $294.0M | $439.5M | ||
| Q3 24 | $618.0M | $633.2M | ||
| Q2 24 | $374.0M | $189.8M | ||
| Q1 24 | $335.0M | $347.4M |
自由现金流FYBRPNW
| Q4 25 | — | $-192.7M | ||
| Q3 25 | $-315.0M | $42.0M | ||
| Q2 25 | $-368.0M | $-448.1M | ||
| Q1 25 | $-238.0M | $-220.7M | ||
| Q4 24 | $-498.0M | $-92.1M | ||
| Q3 24 | $-81.0M | $-32.7M | ||
| Q2 24 | $-252.0M | $-344.2M | ||
| Q1 24 | $-331.0M | $-170.4M |
自由现金流率FYBRPNW
| Q4 25 | — | -17.1% | ||
| Q3 25 | -20.5% | 2.3% | ||
| Q2 25 | -24.2% | -33.0% | ||
| Q1 25 | -15.9% | -21.4% | ||
| Q4 24 | -33.4% | -8.4% | ||
| Q3 24 | -5.5% | -1.8% | ||
| Q2 24 | -17.2% | -26.3% | ||
| Q1 24 | -22.9% | -17.9% |
资本支出强度FYBRPNW
| Q4 25 | — | 59.3% | ||
| Q3 25 | 53.4% | 34.2% | ||
| Q2 25 | 55.5% | 52.2% | ||
| Q1 25 | 50.6% | 60.3% | ||
| Q4 24 | 53.2% | 48.5% | ||
| Q3 24 | 47.5% | 37.6% | ||
| Q2 24 | 42.7% | 40.8% | ||
| Q1 24 | 46.1% | 54.4% |
现金转化率FYBRPNW
| Q4 25 | — | 27.09× | ||
| Q3 25 | — | 1.59× | ||
| Q2 25 | — | 1.33× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.59× | ||
| Q2 24 | — | 0.91× | ||
| Q1 24 | 335.00× | 16.41× |
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% |
PNW
| Electricand Transmission Service | $1.1B | 100% |
| Other Services | $4.4M | 0% |
