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Lumen Technologies, Inc.（LUMN）与Rocket Companies, Inc.（RKT）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Rocket Companies, Inc.的1.0倍（$2.7B vs $2.7B），Rocket Companies, Inc.净利率更高（2.5% vs -0.1%，领先2.6%），Rocket Companies, Inc.同比增速更快（52.2% vs -11.0%），Lumen Technologies, Inc.自由现金流更多（$-1.1B vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
LUMN vs RKT — 直观对比
营收规模更大
LUMN
是对方的1.0倍
$2.7B
营收增速更快
RKT
高出63.1%
-11.0%
净利率更高
RKT
高出2.6%
-0.1%
自由现金流更多
LUMN
多$187.6M
$-1.3B
两年增速更快
RKT
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.7B |
| 净利润 | $-2.0M | $68.0M |
| 毛利率 | 40.7% | — |
| 营业利润率 | -7.3% | 6.3% |
| 净利率 | -0.1% | 2.5% |
| 营收同比 | -11.0% | 52.2% |
| 净利润同比 | -102.4% | 100.8% |
| 每股收益（稀释后） | $-0.01 | $0.10 |
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LUMNRKT
| Q4 25 | $2.7B | $2.7B | ||
| Q3 25 | $2.8B | $1.6B | ||
| Q2 25 | $2.9B | $1.4B | ||
| Q1 25 | $2.9B | $1.0B | ||
| Q4 24 | $3.1B | $1.8B | ||
| Q3 24 | $3.0B | $646.9M | ||
| Q2 24 | $3.0B | $1.3B | ||
| Q1 24 | $3.1B | $1.4B |
净利润LUMNRKT
| Q4 25 | $-2.0M | $68.0M | ||
| Q3 25 | $-621.0M | $-123.9M | ||
| Q2 25 | $-915.0M | $-1.8M | ||
| Q1 25 | $-201.0M | $-10.4M | ||
| Q4 24 | $85.0M | $33.9M | ||
| Q3 24 | $-148.0M | $-22.0M | ||
| Q2 24 | $-49.0M | $1.3M | ||
| Q1 24 | $57.0M | $16.2M |
毛利率LUMNRKT
| Q4 25 | 40.7% | — | ||
| Q3 25 | 39.4% | — | ||
| Q2 25 | 43.4% | — | ||
| Q1 25 | 42.0% | — | ||
| Q4 24 | 44.7% | 58.9% | ||
| Q3 24 | 43.0% | -8.4% | ||
| Q2 24 | 45.2% | 47.4% | ||
| Q1 24 | 46.0% | 51.2% |
营业利润率LUMNRKT
| Q4 25 | -7.3% | 6.3% | ||
| Q3 25 | -4.1% | -11.5% | ||
| Q2 25 | -21.0% | 1.8% | ||
| Q1 25 | 3.7% | -21.5% | ||
| Q4 24 | 5.0% | 38.1% | ||
| Q3 24 | 4.2% | -76.9% | ||
| Q2 24 | 4.5% | 14.8% | ||
| Q1 24 | 1.5% | 21.6% |
净利率LUMNRKT
| Q4 25 | -0.1% | 2.5% | ||
| Q3 25 | -22.1% | -7.7% | ||
| Q2 25 | -31.9% | -0.1% | ||
| Q1 25 | -6.9% | -1.0% | ||
| Q4 24 | 2.8% | 1.9% | ||
| Q3 24 | -5.0% | -3.4% | ||
| Q2 24 | -1.6% | 0.1% | ||
| Q1 24 | 1.9% | 1.2% |
每股收益（稀释后）LUMNRKT
| Q4 25 | $-0.01 | $0.10 | ||
| Q3 25 | $-0.62 | $-0.06 | ||
| Q2 25 | $-0.92 | $-0.01 | ||
| Q1 25 | $-0.20 | $-0.08 | ||
| Q4 24 | $0.08 | $0.28 | ||
| Q3 24 | $-0.15 | $-0.19 | ||
| Q2 24 | $-0.05 | $0.01 | ||
| Q1 24 | $0.06 | $0.11 |
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 | $2.7B |
| 总债务越低越好 | $17.4B | — |
| 股东权益账面价值 | $-1.1B | $22.9B |
| 总资产 | $34.3B | $60.7B |
| 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LUMNRKT
| Q4 25 | $1.0B | $2.7B | ||
| Q3 25 | $2.4B | $5.8B | ||
| Q2 25 | $1.6B | $5.1B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $1.5B | $1.3B | ||
| Q1 24 | $1.6B | $861.4M |
总债务LUMNRKT
| 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LUMNRKT
| Q4 25 | $-1.1B | $22.9B | ||
| Q3 25 | $-1.2B | $8.9B | ||
| Q2 25 | $-595.0M | $7.4B | ||
| Q1 25 | $289.0M | $8.6B | ||
| Q4 24 | $464.0M | $9.0B | ||
| Q3 24 | $342.0M | $8.4B | ||
| Q2 24 | $466.0M | $8.8B | ||
| Q1 24 | $504.0M | $8.6B |
总资产LUMNRKT
| Q4 25 | $34.3B | $60.7B | ||
| Q3 25 | $34.3B | $33.6B | ||
| Q2 25 | $33.0B | $30.4B | ||
| Q1 25 | $33.5B | $25.3B | ||
| Q4 24 | $33.5B | $24.5B | ||
| Q3 24 | $34.0B | $25.1B | ||
| Q2 24 | $32.9B | $23.6B | ||
| Q1 24 | $33.2B | $22.2B |
负债/权益比LUMNRKT
| 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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $-1.1B | $-1.3B |
| 自由现金流率自由现金流/营收 | -39.4% | -47.2% |
| 资本支出强度资本支出/营收 | 59.9% | 1.5% |
| 现金转化率经营现金流/净利润 | — | -18.08× |
| 过去12个月自由现金流最近4个季度 | $371.0M | $-4.0B |
8季度趋势，按日历期对齐
经营现金流LUMNRKT
| Q4 25 | $562.0M | $-1.2B | ||
| Q3 25 | $2.5B | $-50.3M | ||
| Q2 25 | $570.0M | $-1.9B | ||
| Q1 25 | $1.1B | $-797.0M | ||
| Q4 24 | $688.0M | $1.8B | ||
| Q3 24 | $2.0B | $-1.3B | ||
| Q2 24 | $511.0M | $-122.3M | ||
| Q1 24 | $1.1B | $-3.0B |
自由现金流LUMNRKT
| Q4 25 | $-1.1B | $-1.3B | ||
| Q3 25 | $1.5B | $-71.8M | ||
| Q2 25 | $-321.0M | $-1.9B | ||
| Q1 25 | $304.0M | $-811.0M | ||
| Q4 24 | $-227.0M | $1.8B | ||
| Q3 24 | $1.2B | $-1.4B | ||
| Q2 24 | $-242.0M | $-138.3M | ||
| Q1 24 | $389.0M | $-3.0B |
自由现金流率LUMNRKT
| Q4 25 | -39.4% | -47.2% | ||
| Q3 25 | 52.4% | -4.5% | ||
| Q2 25 | -11.2% | -137.2% | ||
| Q1 25 | 10.4% | -78.2% | ||
| Q4 24 | -7.4% | 103.1% | ||
| Q3 24 | 39.8% | -209.6% | ||
| Q2 24 | -8.0% | -10.6% | ||
| Q1 24 | 12.7% | -218.7% |
资本支出强度LUMNRKT
| Q4 25 | 59.9% | 1.5% | ||
| Q3 25 | 37.1% | 1.3% | ||
| Q2 25 | 31.1% | 1.1% | ||
| Q1 25 | 27.2% | 1.4% | ||
| Q4 24 | 29.7% | 1.1% | ||
| Q3 24 | 28.6% | 2.9% | ||
| Q2 24 | 25.0% | 1.2% | ||
| Q1 24 | 23.3% | 1.0% |
现金转化率LUMNRKT
| Q4 25 | — | -18.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.09× | 54.42× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -94.46× | ||
| Q1 24 | 19.33× | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
