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Lumen Technologies, Inc.（LUMN）与Raymond James Financial（RJF）财务数据对比。点击上方公司名可切换其他公司
Raymond James Financial的季度营收约是Lumen Technologies, Inc.的1.5倍（$4.2B vs $2.7B），Raymond James Financial净利率更高（13.5% vs -0.1%，领先13.6%），Raymond James Financial同比增速更快（3.5% vs -11.0%），Raymond James Financial自由现金流更多（$-56.0M vs $-1.1B），过去两年Raymond James Financial的营收复合增速更高（7.1% 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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
LUMN vs RJF — 直观对比
营收规模更大
RJF
是对方的1.5倍
$2.7B
营收增速更快
RJF
高出14.5%
-11.0%
净利率更高
RJF
高出13.6%
-0.1%
自由现金流更多
RJF
多$1.0B
$-1.1B
两年增速更快
RJF
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $4.2B |
| 净利润 | $-2.0M | $563.0M |
| 毛利率 | 40.7% | — |
| 营业利润率 | -7.3% | — |
| 净利率 | -0.1% | 13.5% |
| 营收同比 | -11.0% | 3.5% |
| 净利润同比 | -102.4% | -6.2% |
| 每股收益（稀释后） | $-0.01 | $2.79 |
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LUMNRJF
| Q4 25 | $2.7B | $4.2B | ||
| Q3 25 | $2.8B | $4.2B | ||
| Q2 25 | $2.9B | $3.8B | ||
| Q1 25 | $2.9B | $3.8B | ||
| Q4 24 | $3.1B | $4.0B | ||
| Q3 24 | $3.0B | $4.0B | ||
| Q2 24 | $3.0B | $3.8B | ||
| Q1 24 | $3.1B | $3.6B |
净利润LUMNRJF
| Q4 25 | $-2.0M | $563.0M | ||
| Q3 25 | $-621.0M | $604.0M | ||
| Q2 25 | $-915.0M | $436.0M | ||
| Q1 25 | $-201.0M | $495.0M | ||
| Q4 24 | $85.0M | $600.0M | ||
| Q3 24 | $-148.0M | $602.0M | ||
| Q2 24 | $-49.0M | $492.0M | ||
| Q1 24 | $57.0M | $476.0M |
毛利率LUMNRJF
| 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LUMNRJF
| Q4 25 | -7.3% | — | ||
| Q3 25 | -4.1% | — | ||
| Q2 25 | -21.0% | 14.7% | ||
| Q1 25 | 3.7% | 17.5% | ||
| Q4 24 | 5.0% | 18.6% | ||
| Q3 24 | 4.2% | — | ||
| Q2 24 | 4.5% | 17.1% | ||
| Q1 24 | 1.5% | 16.7% |
净利率LUMNRJF
| Q4 25 | -0.1% | 13.5% | ||
| Q3 25 | -22.1% | 14.4% | ||
| Q2 25 | -31.9% | 11.3% | ||
| Q1 25 | -6.9% | 12.9% | ||
| Q4 24 | 2.8% | 14.9% | ||
| Q3 24 | -5.0% | 15.0% | ||
| Q2 24 | -1.6% | 13.1% | ||
| Q1 24 | 1.9% | 13.1% |
每股收益（稀释后）LUMNRJF
| Q4 25 | $-0.01 | $2.79 | ||
| Q3 25 | $-0.62 | $2.96 | ||
| Q2 25 | $-0.92 | $2.12 | ||
| Q1 25 | $-0.20 | $2.36 | ||
| Q4 24 | $0.08 | $2.86 | ||
| Q3 24 | $-0.15 | $2.85 | ||
| Q2 24 | $-0.05 | $2.31 | ||
| Q1 24 | $0.06 | $2.22 |
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 | $9.9B |
| 总债务越低越好 | $17.4B | — |
| 股东权益账面价值 | $-1.1B | $12.6B |
| 总资产 | $34.3B | $88.8B |
| 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LUMNRJF
| Q4 25 | $1.0B | $9.9B | ||
| Q3 25 | $2.4B | $11.4B | ||
| Q2 25 | $1.6B | $9.2B | ||
| Q1 25 | $1.9B | $9.7B | ||
| Q4 24 | $1.9B | $10.0B | ||
| Q3 24 | $2.6B | $11.0B | ||
| Q2 24 | $1.5B | $9.1B | ||
| Q1 24 | $1.6B | $10.0B |
总债务LUMNRJF
| Q4 25 | $17.4B | — | ||
| Q3 25 | $17.6B | — | ||
| Q2 25 | $17.6B | — | ||
| Q1 25 | $17.3B | — | ||
| Q4 24 | $17.5B | — | ||
| Q3 24 | $18.1B | — | ||
| Q2 24 | $18.4B | — | ||
| Q1 24 | $18.6B | — |
股东权益LUMNRJF
| Q4 25 | $-1.1B | $12.6B | ||
| Q3 25 | $-1.2B | $12.5B | ||
| Q2 25 | $-595.0M | $12.3B | ||
| Q1 25 | $289.0M | $12.2B | ||
| Q4 24 | $464.0M | $11.9B | ||
| Q3 24 | $342.0M | $11.7B | ||
| Q2 24 | $466.0M | $11.2B | ||
| Q1 24 | $504.0M | $11.0B |
总资产LUMNRJF
| Q4 25 | $34.3B | $88.8B | ||
| Q3 25 | $34.3B | $88.2B | ||
| Q2 25 | $33.0B | $84.8B | ||
| Q1 25 | $33.5B | $83.1B | ||
| Q4 24 | $33.5B | $82.3B | ||
| Q3 24 | $34.0B | $83.0B | ||
| Q2 24 | $32.9B | $80.6B | ||
| Q1 24 | $33.2B | $81.2B |
负债/权益比LUMNRJF
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 59.98× | — | ||
| Q4 24 | 37.70× | — | ||
| Q3 24 | 53.05× | — | ||
| Q2 24 | 39.51× | — | ||
| Q1 24 | 36.89× | — |
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 | $-10.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.1B | $-56.0M |
| 自由现金流率自由现金流/营收 | -39.4% | -1.3% |
| 资本支出强度资本支出/营收 | 59.9% | 1.1% |
| 现金转化率经营现金流/净利润 | — | -0.02× |
| 过去12个月自由现金流最近4个季度 | $371.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流LUMNRJF
| Q4 25 | $562.0M | $-10.0M | ||
| Q3 25 | $2.5B | $796.0M | ||
| Q2 25 | $570.0M | $691.0M | ||
| Q1 25 | $1.1B | $117.0M | ||
| Q4 24 | $688.0M | $830.0M | ||
| Q3 24 | $2.0B | $510.0M | ||
| Q2 24 | $511.0M | $711.0M | ||
| Q1 24 | $1.1B | $391.0M |
自由现金流LUMNRJF
| Q4 25 | $-1.1B | $-56.0M | ||
| Q3 25 | $1.5B | $752.0M | ||
| Q2 25 | $-321.0M | $634.0M | ||
| Q1 25 | $304.0M | $71.0M | ||
| Q4 24 | $-227.0M | $789.0M | ||
| Q3 24 | $1.2B | $460.0M | ||
| Q2 24 | $-242.0M | $655.0M | ||
| Q1 24 | $389.0M | $342.0M |
自由现金流率LUMNRJF
| Q4 25 | -39.4% | -1.3% | ||
| Q3 25 | 52.4% | 17.9% | ||
| Q2 25 | -11.2% | 16.5% | ||
| Q1 25 | 10.4% | 1.8% | ||
| Q4 24 | -7.4% | 19.6% | ||
| Q3 24 | 39.8% | 11.5% | ||
| Q2 24 | -8.0% | 17.4% | ||
| Q1 24 | 12.7% | 9.4% |
资本支出强度LUMNRJF
| Q4 25 | 59.9% | 1.1% | ||
| Q3 25 | 37.1% | 1.1% | ||
| Q2 25 | 31.1% | 1.5% | ||
| Q1 25 | 27.2% | 1.2% | ||
| Q4 24 | 29.7% | 1.0% | ||
| Q3 24 | 28.6% | 1.2% | ||
| Q2 24 | 25.0% | 1.5% | ||
| Q1 24 | 23.3% | 1.3% |
现金转化率LUMNRJF
| Q4 25 | — | -0.02× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | — | 1.58× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 8.09× | 1.38× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | 1.45× | ||
| Q1 24 | 19.33× | 0.82× |
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% |
RJF
暂无分部数据
