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Lumen Technologies, Inc.（LUMN）与Ovintiv Inc.（OVV）财务数据对比。点击上方公司名可切换其他公司
Lumen Technologies, Inc.的季度营收约是Ovintiv Inc.的1.3倍（$2.7B vs $2.1B），Ovintiv Inc.净利率更高（46.1% vs -0.1%，领先46.1%），Ovintiv Inc.同比增速更快（-6.0% vs -11.0%），Ovintiv Inc.自由现金流更多（$489.0M vs $-1.1B），过去两年Lumen Technologies, Inc.的营收复合增速更高（-5.3% vs -7.2%）
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。
Ovintiv Inc.是一家总部位于美国丹佛的石油企业，前身为加拿大能源公司Encana，于2020年通过重组正式成立，主营石油、天然气的勘探、开发与生产业务，在北美能源领域拥有丰富的运营经验及市场积累。
LUMN vs OVV — 直观对比
营收规模更大
LUMN
是对方的1.3倍
$2.1B
营收增速更快
OVV
高出5.0%
-11.0%
净利率更高
OVV
高出46.1%
-0.1%
自由现金流更多
OVV
多$1.6B
$-1.1B
两年增速更快
LUMN
近两年复合增速
-7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.1B |
| 净利润 | $-2.0M | $946.0M |
| 毛利率 | 40.7% | — |
| 营业利润率 | -7.3% | 21.2% |
| 净利率 | -0.1% | 46.1% |
| 营收同比 | -11.0% | -6.0% |
| 净利润同比 | -102.4% | 1676.7% |
| 每股收益（稀释后） | $-0.01 | $3.64 |
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LUMNOVV
| Q4 25 | $2.7B | $2.1B | ||
| Q3 25 | $2.8B | $2.0B | ||
| Q2 25 | $2.9B | $2.2B | ||
| Q1 25 | $2.9B | $2.4B | ||
| Q4 24 | $3.1B | $2.2B | ||
| Q3 24 | $3.0B | $2.2B | ||
| Q2 24 | $3.0B | $2.2B | ||
| Q1 24 | $3.1B | $2.4B |
净利润LUMNOVV
| Q4 25 | $-2.0M | $946.0M | ||
| Q3 25 | $-621.0M | $148.0M | ||
| Q2 25 | $-915.0M | $307.0M | ||
| Q1 25 | $-201.0M | $-159.0M | ||
| Q4 24 | $85.0M | $-60.0M | ||
| Q3 24 | $-148.0M | $507.0M | ||
| Q2 24 | $-49.0M | $340.0M | ||
| Q1 24 | $57.0M | $338.0M |
毛利率LUMNOVV
| 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% | — | ||
| Q1 24 | 46.0% | — |
营业利润率LUMNOVV
| Q4 25 | -7.3% | 21.2% | ||
| Q3 25 | -4.1% | 13.5% | ||
| Q2 25 | -21.0% | 23.1% | ||
| Q1 25 | 3.7% | -3.7% | ||
| Q4 24 | 5.0% | 0.1% | ||
| Q3 24 | 4.2% | 24.2% | ||
| Q2 24 | 4.5% | 25.4% | ||
| Q1 24 | 1.5% | 20.7% |
净利率LUMNOVV
| Q4 25 | -0.1% | 46.1% | ||
| Q3 25 | -22.1% | 7.3% | ||
| Q2 25 | -31.9% | 13.9% | ||
| Q1 25 | -6.9% | -6.7% | ||
| Q4 24 | 2.8% | -2.7% | ||
| Q3 24 | -5.0% | 23.3% | ||
| Q2 24 | -1.6% | 15.5% | ||
| Q1 24 | 1.9% | 14.2% |
每股收益（稀释后）LUMNOVV
| Q4 25 | $-0.01 | $3.64 | ||
| Q3 25 | $-0.62 | $0.57 | ||
| Q2 25 | $-0.92 | $1.18 | ||
| Q1 25 | $-0.20 | $-0.61 | ||
| Q4 24 | $0.08 | $-0.22 | ||
| Q3 24 | $-0.15 | $1.92 | ||
| Q2 24 | $-0.05 | $1.27 | ||
| Q1 24 | $0.06 | $1.24 |
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 | $1.0B | $280.0M |
| 总债务越低越好 | $17.4B | $5.2B |
| 股东权益账面价值 | $-1.1B | $11.2B |
| 总资产 | $34.3B | $20.4B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资LUMNOVV
| Q4 25 | $1.0B | $280.0M | ||
| Q3 25 | $2.4B | $25.0M | ||
| Q2 25 | $1.6B | $20.0M | ||
| Q1 25 | $1.9B | $8.0M | ||
| Q4 24 | $1.9B | $42.0M | ||
| Q3 24 | $2.6B | $9.0M | ||
| Q2 24 | $1.5B | $8.0M | ||
| Q1 24 | $1.6B | $5.0M |
总债务LUMNOVV
| Q4 25 | $17.4B | $5.2B | ||
| Q3 25 | $17.6B | $5.2B | ||
| Q2 25 | $17.6B | $5.3B | ||
| Q1 25 | $17.3B | $5.5B | ||
| Q4 24 | $17.5B | $5.5B | ||
| Q3 24 | $18.1B | $5.9B | ||
| Q2 24 | $18.4B | $6.1B | ||
| Q1 24 | $18.6B | $6.2B |
股东权益LUMNOVV
| Q4 25 | $-1.1B | $11.2B | ||
| Q3 25 | $-1.2B | $10.2B | ||
| Q2 25 | $-595.0M | $10.4B | ||
| Q1 25 | $289.0M | $10.1B | ||
| Q4 24 | $464.0M | $10.3B | ||
| Q3 24 | $342.0M | $10.7B | ||
| Q2 24 | $466.0M | $10.3B | ||
| Q1 24 | $504.0M | $10.3B |
总资产LUMNOVV
| Q4 25 | $34.3B | $20.4B | ||
| Q3 25 | $34.3B | $19.4B | ||
| Q2 25 | $33.0B | $19.7B | ||
| Q1 25 | $33.5B | $19.6B | ||
| Q4 24 | $33.5B | $19.3B | ||
| Q3 24 | $34.0B | $19.9B | ||
| Q2 24 | $32.9B | $19.8B | ||
| Q1 24 | $33.2B | $19.8B |
负债/权益比LUMNOVV
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | 59.98× | 0.55× | ||
| Q4 24 | 37.70× | 0.53× | ||
| Q3 24 | 53.05× | 0.55× | ||
| Q2 24 | 39.51× | 0.59× | ||
| Q1 24 | 36.89× | 0.60× |
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 | $954.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.1B | $489.0M |
| 自由现金流率自由现金流/营收 | -39.4% | 23.8% |
| 资本支出强度资本支出/营收 | 59.9% | 22.6% |
| 现金转化率经营现金流/净利润 | — | 1.01× |
| 过去12个月自由现金流最近4个季度 | $371.0M | $1.5B |
8季度趋势，按日历期对齐
经营现金流LUMNOVV
| Q4 25 | $562.0M | $954.0M | ||
| Q3 25 | $2.5B | $812.0M | ||
| Q2 25 | $570.0M | $1.0B | ||
| Q1 25 | $1.1B | $873.0M | ||
| Q4 24 | $688.0M | $1.0B | ||
| Q3 24 | $2.0B | $1.0B | ||
| Q2 24 | $511.0M | $1.0B | ||
| Q1 24 | $1.1B | $659.0M |
自由现金流LUMNOVV
| Q4 25 | $-1.1B | $489.0M | ||
| Q3 25 | $1.5B | $268.0M | ||
| Q2 25 | $-321.0M | $492.0M | ||
| Q1 25 | $304.0M | $256.0M | ||
| Q4 24 | $-227.0M | $468.0M | ||
| Q3 24 | $1.2B | $484.0M | ||
| Q2 24 | $-242.0M | $398.0M | ||
| Q1 24 | $389.0M | $68.0M |
自由现金流率LUMNOVV
| Q4 25 | -39.4% | 23.8% | ||
| Q3 25 | 52.4% | 13.3% | ||
| Q2 25 | -11.2% | 22.2% | ||
| Q1 25 | 10.4% | 10.8% | ||
| Q4 24 | -7.4% | 21.4% | ||
| Q3 24 | 39.8% | 22.2% | ||
| Q2 24 | -8.0% | 18.1% | ||
| Q1 24 | 12.7% | 2.8% |
资本支出强度LUMNOVV
| Q4 25 | 59.9% | 22.6% | ||
| Q3 25 | 37.1% | 26.9% | ||
| Q2 25 | 31.1% | 23.5% | ||
| Q1 25 | 27.2% | 26.0% | ||
| Q4 24 | 29.7% | 25.3% | ||
| Q3 24 | 28.6% | 24.7% | ||
| Q2 24 | 25.0% | 28.4% | ||
| Q1 24 | 23.3% | 24.8% |
现金转化率LUMNOVV
| Q4 25 | — | 1.01× | ||
| Q3 25 | — | 5.49× | ||
| Q2 25 | — | 3.30× | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.09× | — | ||
| Q3 24 | — | 2.02× | ||
| Q2 24 | — | 3.00× | ||
| Q1 24 | 19.33× | 1.95× |
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
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% |
OVV
| Product And Service Revenue | $1.7B | 84% |
| Sales Of Purchased Product | $338.0M | 16% |
