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Lumen Technologies, Inc.（LUMN）与RUSH ENTERPRISES INC \TX\（RUSHA）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RUSH ENTERPRISES INC \TX\的1.6倍（$2.7B vs $1.7B），RUSH ENTERPRISES INC \TX\净利率更高（3.7% vs -0.1%，领先3.7%），RUSH ENTERPRISES INC \TX\同比增速更快（-9.0% vs -11.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $-1.1B），过去两年Lumen Technologies, Inc.的营收复合增速更高（-5.3% vs -6.8%）
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。
Rush Enterprises是总部位于美国得克萨斯州新布朗费尔斯的商用车经销商，核心业务是通过旗下Rush Truck Centers销售全新及二手卡车。2019年该公司在全美20个州运营超200家卡车中心，在加拿大设有14个网点，2020年入选财富500强榜单。
LUMN vs RUSHA — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.7B |
| 净利润 | $-2.0M | $61.7M |
| 毛利率 | 40.7% | 20.4% |
| 营业利润率 | -7.3% | 4.9% |
| 净利率 | -0.1% | 3.7% |
| 营收同比 | -11.0% | -9.0% |
| 净利润同比 | -102.4% | 1.8% |
| 每股收益（稀释后） | $-0.01 | $0.77 |
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
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.7B | $1.7B | ||
| Q3 25 | $2.8B | $1.8B | ||
| Q2 25 | $2.9B | $1.8B | ||
| Q1 25 | $2.9B | $1.8B | ||
| Q4 24 | $3.1B | $1.9B | ||
| Q3 24 | $3.0B | $1.8B | ||
| Q2 24 | $3.0B | $1.9B |
| Q1 26 | — | $61.7M | ||
| Q4 25 | $-2.0M | $64.3M | ||
| Q3 25 | $-621.0M | $66.7M | ||
| Q2 25 | $-915.0M | $72.4M | ||
| Q1 25 | $-201.0M | $60.3M | ||
| Q4 24 | $85.0M | $74.8M | ||
| Q3 24 | $-148.0M | $79.1M | ||
| Q2 24 | $-49.0M | $78.7M |
| Q1 26 | — | 20.4% | ||
| Q4 25 | 40.7% | 20.8% | ||
| Q3 25 | 39.4% | 21.0% | ||
| Q2 25 | 43.4% | 20.7% | ||
| Q1 25 | 42.0% | 20.3% | ||
| Q4 24 | 44.7% | 19.3% | ||
| Q3 24 | 43.0% | 21.0% | ||
| Q2 24 | 45.2% | 20.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | -7.3% | 5.5% | ||
| Q3 25 | -4.1% | 5.6% | ||
| Q2 25 | -21.0% | 6.0% | ||
| Q1 25 | 3.7% | 5.2% | ||
| Q4 24 | 5.0% | 5.8% | ||
| Q3 24 | 4.2% | 6.7% | ||
| Q2 24 | 4.5% | 6.4% |
| Q1 26 | — | 3.7% | ||
| Q4 25 | -0.1% | 3.8% | ||
| Q3 25 | -22.1% | 3.7% | ||
| Q2 25 | -31.9% | 3.9% | ||
| Q1 25 | -6.9% | 3.4% | ||
| Q4 24 | 2.8% | 3.9% | ||
| Q3 24 | -5.0% | 4.4% | ||
| Q2 24 | -1.6% | 4.1% |
| Q1 26 | — | $0.77 | ||
| Q4 25 | $-0.01 | $0.81 | ||
| Q3 25 | $-0.62 | $0.83 | ||
| Q2 25 | $-0.92 | $0.90 | ||
| Q1 25 | $-0.20 | $0.73 | ||
| Q4 24 | $0.08 | $-95.13 | ||
| Q3 24 | $-0.15 | $0.97 | ||
| Q2 24 | $-0.05 | $97.00 |
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 | — |
| 总债务越低越好 | $17.4B | $277.8M |
| 股东权益账面价值 | $-1.1B | $2.3B |
| 总资产 | $34.3B | $4.5B |
| 负债/权益比越低杠杆越低 | — | 0.12× |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $212.6M | ||
| Q3 25 | $2.4B | $242.0M | ||
| Q2 25 | $1.6B | $211.1M | ||
| Q1 25 | $1.9B | $228.7M | ||
| Q4 24 | $1.9B | $228.1M | ||
| Q3 24 | $2.6B | $185.1M | ||
| Q2 24 | $1.5B | $167.3M |
| Q1 26 | — | $277.8M | ||
| Q4 25 | $17.4B | $274.8M | ||
| Q3 25 | $17.6B | — | ||
| Q2 25 | $17.6B | — | ||
| Q1 25 | $17.3B | — | ||
| Q4 24 | $17.5B | $408.4M | ||
| Q3 24 | $18.1B | — | ||
| Q2 24 | $18.4B | — |
| Q1 26 | — | $2.3B | ||
| Q4 25 | $-1.1B | $2.2B | ||
| Q3 25 | $-1.2B | $2.2B | ||
| Q2 25 | $-595.0M | $2.2B | ||
| Q1 25 | $289.0M | $2.2B | ||
| Q4 24 | $464.0M | $2.1B | ||
| Q3 24 | $342.0M | $2.1B | ||
| Q2 24 | $466.0M | $2.0B |
| Q1 26 | — | $4.5B | ||
| Q4 25 | $34.3B | $4.4B | ||
| Q3 25 | $34.3B | $4.6B | ||
| Q2 25 | $33.0B | $4.7B | ||
| Q1 25 | $33.5B | $4.7B | ||
| Q4 24 | $33.5B | $4.6B | ||
| Q3 24 | $34.0B | $4.6B | ||
| Q2 24 | $32.9B | $4.5B |
| Q1 26 | — | 0.12× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 59.98× | — | ||
| Q4 24 | 37.70× | 0.19× | ||
| Q3 24 | 53.05× | — | ||
| Q2 24 | 39.51× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-1.1B | $411.6M |
| 自由现金流率自由现金流/营收 | -39.4% | 24.4% |
| 资本支出强度资本支出/营收 | 59.9% | 2.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $371.0M | $828.4M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $562.0M | $112.9M | ||
| Q3 25 | $2.5B | $367.8M | ||
| Q2 25 | $570.0M | $227.6M | ||
| Q1 25 | $1.1B | $153.5M | ||
| Q4 24 | $688.0M | $392.3M | ||
| Q3 24 | $2.0B | $111.7M | ||
| Q2 24 | $511.0M | $270.6M |
| Q1 26 | — | $411.6M | ||
| Q4 25 | $-1.1B | $31.9M | ||
| Q3 25 | $1.5B | $271.2M | ||
| Q2 25 | $-321.0M | $113.8M | ||
| Q1 25 | $304.0M | $45.1M | ||
| Q4 24 | $-227.0M | $263.5M | ||
| Q3 24 | $1.2B | $-20.0M | ||
| Q2 24 | $-242.0M | $177.2M |
| Q1 26 | — | 24.4% | ||
| Q4 25 | -39.4% | 1.9% | ||
| Q3 25 | 52.4% | 15.2% | ||
| Q2 25 | -11.2% | 6.2% | ||
| Q1 25 | 10.4% | 2.6% | ||
| Q4 24 | -7.4% | 13.7% | ||
| Q3 24 | 39.8% | -1.1% | ||
| Q2 24 | -8.0% | 9.1% |
| Q1 26 | — | 2.0% | ||
| Q4 25 | 59.9% | 4.8% | ||
| Q3 25 | 37.1% | 5.4% | ||
| Q2 25 | 31.1% | 6.2% | ||
| Q1 25 | 27.2% | 6.2% | ||
| Q4 24 | 29.7% | 6.7% | ||
| Q3 24 | 28.6% | 7.3% | ||
| Q2 24 | 25.0% | 4.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.75× | ||
| Q3 25 | — | 5.51× | ||
| Q2 25 | — | 3.14× | ||
| Q1 25 | — | 2.55× | ||
| Q4 24 | 8.09× | 5.25× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 3.44× |
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% |
RUSHA
| New and used commercial vehicle sales | $955.1M | 57% |
| Aftermarket products and services sales | $627.2M | 37% |
| Lease and rental sales | $92.3M | 5% |
| Finance and insurance | $5.6M | 0% |
