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Lumen Technologies, Inc.（LUMN）与RYDER SYSTEM INC（R）财务数据对比。点击上方公司名可切换其他公司
RYDER SYSTEM INC的季度营收约是Lumen Technologies, Inc.的1.1倍（$3.1B vs $2.7B），RYDER SYSTEM INC净利率更高（3.0% vs -0.1%，领先3.0%），RYDER SYSTEM INC同比增速更快（1.0% vs -11.0%），RYDER SYSTEM INC自由现金流更多（$273.0M vs $-1.1B），过去两年RYDER SYSTEM INC的营收复合增速更高（-0.9% vs -5.3%）
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。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
LUMN vs R — 直观对比
营收规模更大
R
是对方的1.1倍
$2.7B
营收增速更快
R
高出12.0%
-11.0%
净利率更高
R
高出3.0%
-0.1%
自由现金流更多
R
多$1.4B
$-1.1B
两年增速更快
R
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $3.1B |
| 净利润 | $-2.0M | $93.0M |
| 毛利率 | 40.7% | — |
| 营业利润率 | -7.3% | — |
| 净利率 | -0.1% | 3.0% |
| 营收同比 | -11.0% | 1.0% |
| 净利润同比 | -102.4% | -5.1% |
| 每股收益（稀释后） | $-0.01 | $2.34 |
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LUMNR
| Q1 26 | — | $3.1B | ||
| Q4 25 | $2.7B | $3.2B | ||
| Q3 25 | $2.8B | $3.2B | ||
| Q2 25 | $2.9B | $3.2B | ||
| Q1 25 | $2.9B | $3.1B | ||
| Q4 24 | $3.1B | $3.2B | ||
| Q3 24 | $3.0B | $3.2B | ||
| Q2 24 | $3.0B | $3.2B |
净利润LUMNR
| Q1 26 | — | $93.0M | ||
| Q4 25 | $-2.0M | $132.0M | ||
| Q3 25 | $-621.0M | $138.0M | ||
| Q2 25 | $-915.0M | $131.0M | ||
| Q1 25 | $-201.0M | $98.0M | ||
| Q4 24 | $85.0M | $135.0M | ||
| Q3 24 | $-148.0M | $142.0M | ||
| Q2 24 | $-49.0M | $127.0M |
毛利率LUMNR
| 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LUMNR
| Q1 26 | — | — | ||
| Q4 25 | -7.3% | 5.6% | ||
| Q3 25 | -4.1% | 6.0% | ||
| Q2 25 | -21.0% | 5.8% | ||
| Q1 25 | 3.7% | 4.3% | ||
| Q4 24 | 5.0% | 5.7% | ||
| Q3 24 | 4.2% | 5.9% | ||
| Q2 24 | 4.5% | 5.6% |
净利率LUMNR
| Q1 26 | — | 3.0% | ||
| Q4 25 | -0.1% | 4.2% | ||
| Q3 25 | -22.1% | 4.4% | ||
| Q2 25 | -31.9% | 4.1% | ||
| Q1 25 | -6.9% | 3.1% | ||
| Q4 24 | 2.8% | 4.2% | ||
| Q3 24 | -5.0% | 4.5% | ||
| Q2 24 | -1.6% | 4.0% |
每股收益（稀释后）LUMNR
| Q1 26 | — | $2.34 | ||
| Q4 25 | $-0.01 | $3.22 | ||
| Q3 25 | $-0.62 | $3.32 | ||
| Q2 25 | $-0.92 | $3.13 | ||
| Q1 25 | $-0.20 | $2.27 | ||
| Q4 24 | $0.08 | $3.09 | ||
| Q3 24 | $-0.15 | $3.24 | ||
| Q2 24 | $-0.05 | $2.84 |
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 | $182.0M |
| 总债务越低越好 | $17.4B | — |
| 股东权益账面价值 | $-1.1B | $2.9B |
| 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LUMNR
| Q1 26 | — | $182.0M | ||
| Q4 25 | $1.0B | $198.0M | ||
| Q3 25 | $2.4B | $189.0M | ||
| Q2 25 | $1.6B | $180.0M | ||
| Q1 25 | $1.9B | $151.0M | ||
| Q4 24 | $1.9B | $154.0M | ||
| Q3 24 | $2.6B | $162.0M | ||
| Q2 24 | $1.5B | $164.0M |
总债务LUMNR
| Q1 26 | — | — | ||
| Q4 25 | $17.4B | $6.8B | ||
| Q3 25 | $17.6B | $7.3B | ||
| Q2 25 | $17.6B | $7.0B | ||
| Q1 25 | $17.3B | $6.7B | ||
| Q4 24 | $17.5B | $6.7B | ||
| Q3 24 | $18.1B | $6.6B | ||
| Q2 24 | $18.4B | $6.5B |
股东权益LUMNR
| Q1 26 | — | $2.9B | ||
| Q4 25 | $-1.1B | $3.1B | ||
| Q3 25 | $-1.2B | $3.1B | ||
| Q2 25 | $-595.0M | $3.1B | ||
| Q1 25 | $289.0M | $3.0B | ||
| Q4 24 | $464.0M | $3.1B | ||
| Q3 24 | $342.0M | $3.1B | ||
| Q2 24 | $466.0M | $3.1B |
总资产LUMNR
| Q1 26 | — | — | ||
| Q4 25 | $34.3B | $16.4B | ||
| Q3 25 | $34.3B | $16.5B | ||
| Q2 25 | $33.0B | $16.5B | ||
| Q1 25 | $33.5B | $16.4B | ||
| Q4 24 | $33.5B | $16.7B | ||
| Q3 24 | $34.0B | $16.5B | ||
| Q2 24 | $32.9B | $16.4B |
负债/权益比LUMNR
| Q1 26 | — | — | ||
| Q4 25 | — | 2.24× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | 59.98× | 2.21× | ||
| Q4 24 | 37.70× | 2.14× | ||
| Q3 24 | 53.05× | 2.17× | ||
| Q2 24 | 39.51× | 2.09× |
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 | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.1B | $273.0M |
| 自由现金流率自由现金流/营收 | -39.4% | 8.7% |
| 资本支出强度资本支出/营收 | 59.9% | 13.7% |
| 现金转化率经营现金流/净利润 | — | 6.27× |
| 过去12个月自由现金流最近4个季度 | $371.0M | $595.0M |
8季度趋势，按日历期对齐
经营现金流LUMNR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $562.0M | $749.0M | ||
| Q3 25 | $2.5B | $442.0M | ||
| Q2 25 | $570.0M | $752.0M | ||
| Q1 25 | $1.1B | $651.0M | ||
| Q4 24 | $688.0M | $558.0M | ||
| Q3 24 | $2.0B | $629.0M | ||
| Q2 24 | $511.0M | $552.0M |
自由现金流LUMNR
| Q1 26 | — | $273.0M | ||
| Q4 25 | $-1.1B | $344.0M | ||
| Q3 25 | $1.5B | $-85.0M | ||
| Q2 25 | $-321.0M | $63.0M | ||
| Q1 25 | $304.0M | $137.0M | ||
| Q4 24 | $-227.0M | $-201.0M | ||
| Q3 24 | $1.2B | $30.0M | ||
| Q2 24 | $-242.0M | $-87.0M |
自由现金流率LUMNR
| Q1 26 | — | 8.7% | ||
| Q4 25 | -39.4% | 10.8% | ||
| Q3 25 | 52.4% | -2.7% | ||
| Q2 25 | -11.2% | 2.0% | ||
| Q1 25 | 10.4% | 4.4% | ||
| Q4 24 | -7.4% | -6.3% | ||
| Q3 24 | 39.8% | 0.9% | ||
| Q2 24 | -8.0% | -2.7% |
资本支出强度LUMNR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 59.9% | 12.8% | ||
| Q3 25 | 37.1% | 16.6% | ||
| Q2 25 | 31.1% | 21.6% | ||
| Q1 25 | 27.2% | 16.4% | ||
| Q4 24 | 29.7% | 23.8% | ||
| Q3 24 | 28.6% | 18.9% | ||
| Q2 24 | 25.0% | 20.1% |
现金转化率LUMNR
| Q1 26 | — | 6.27× | ||
| Q4 25 | — | 5.67× | ||
| Q3 25 | — | 3.20× | ||
| Q2 25 | — | 5.74× | ||
| Q1 25 | — | 6.64× | ||
| Q4 24 | 8.09× | 4.13× | ||
| Q3 24 | — | 4.43× | ||
| Q2 24 | — | 4.35× |
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% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
