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Lumen Technologies, Inc.（LUMN）与Workday, Inc.（WDAY）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Workday, Inc.的1.1倍（$2.7B vs $2.4B），Workday, Inc.净利率更高（10.4% vs -0.1%，领先10.4%），Workday, Inc.同比增速更快（12.6% vs -11.0%），Workday, Inc.自由现金流更多（$550.0M vs $-1.1B），过去两年Workday, Inc.的营收复合增速更高（12.5% 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。
Workday是全球领先的企业级云软件供应商，核心产品覆盖人力资本管理、财务管理及企业资源规划解决方案，主要服务教育、医疗、金融、科技等行业的中大型机构，业务遍布北美、欧洲、亚太等全球主要市场。
LUMN vs WDAY — 直观对比
营收规模更大
LUMN
是对方的1.1倍
$2.4B
营收增速更快
WDAY
高出23.6%
-11.0%
净利率更高
WDAY
高出10.4%
-0.1%
自由现金流更多
WDAY
多$1.6B
$-1.1B
两年增速更快
WDAY
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.4B |
| 净利润 | $-2.0M | $252.0M |
| 毛利率 | 40.7% | — |
| 营业利润率 | -7.3% | 10.6% |
| 净利率 | -0.1% | 10.4% |
| 营收同比 | -11.0% | 12.6% |
| 净利润同比 | -102.4% | 30.6% |
| 每股收益（稀释后） | $-0.01 | $0.94 |
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LUMNWDAY
| Q4 25 | $2.7B | $2.4B | ||
| Q3 25 | $2.8B | $2.3B | ||
| Q2 25 | $2.9B | $2.2B | ||
| Q1 25 | $2.9B | $2.2B | ||
| Q4 24 | $3.1B | $2.2B | ||
| Q3 24 | $3.0B | $2.1B | ||
| Q2 24 | $3.0B | $2.0B | ||
| Q1 24 | $3.1B | $1.9B |
净利润LUMNWDAY
| Q4 25 | $-2.0M | $252.0M | ||
| Q3 25 | $-621.0M | $228.0M | ||
| Q2 25 | $-915.0M | $68.0M | ||
| Q1 25 | $-201.0M | $94.0M | ||
| Q4 24 | $85.0M | $193.0M | ||
| Q3 24 | $-148.0M | $132.0M | ||
| Q2 24 | $-49.0M | $107.0M | ||
| Q1 24 | $57.0M | $1.2B |
毛利率LUMNWDAY
| 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LUMNWDAY
| Q4 25 | -7.3% | 10.6% | ||
| Q3 25 | -4.1% | 10.6% | ||
| Q2 25 | -21.0% | 1.7% | ||
| Q1 25 | 3.7% | 3.4% | ||
| Q4 24 | 5.0% | 7.6% | ||
| Q3 24 | 4.2% | 5.3% | ||
| Q2 24 | 4.5% | 3.2% | ||
| Q1 24 | 1.5% | 4.1% |
净利率LUMNWDAY
| Q4 25 | -0.1% | 10.4% | ||
| Q3 25 | -22.1% | 9.7% | ||
| Q2 25 | -31.9% | 3.0% | ||
| Q1 25 | -6.9% | 4.3% | ||
| Q4 24 | 2.8% | 8.9% | ||
| Q3 24 | -5.0% | 6.3% | ||
| Q2 24 | -1.6% | 5.4% | ||
| Q1 24 | 1.9% | 61.8% |
每股收益（稀释后）LUMNWDAY
| Q4 25 | $-0.01 | $0.94 | ||
| Q3 25 | $-0.62 | $0.84 | ||
| Q2 25 | $-0.92 | $0.25 | ||
| Q1 25 | $-0.20 | $0.34 | ||
| Q4 24 | $0.08 | $0.72 | ||
| Q3 24 | $-0.15 | $0.49 | ||
| Q2 24 | $-0.05 | $0.40 | ||
| Q1 24 | $0.06 | $4.48 |
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 | $6.8B |
| 总债务越低越好 | $17.4B | — |
| 股东权益账面价值 | $-1.1B | $8.9B |
| 总资产 | $34.3B | $17.8B |
| 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LUMNWDAY
| Q4 25 | $1.0B | $6.8B | ||
| Q3 25 | $2.4B | $8.2B | ||
| Q2 25 | $1.6B | $8.0B | ||
| Q1 25 | $1.9B | $8.0B | ||
| Q4 24 | $1.9B | $7.2B | ||
| Q3 24 | $2.6B | $7.4B | ||
| Q2 24 | $1.5B | $7.2B | ||
| Q1 24 | $1.6B | $7.8B |
总债务LUMNWDAY
| 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 | $3.0B | ||
| Q1 24 | $18.6B | $3.0B |
股东权益LUMNWDAY
| Q4 25 | $-1.1B | $8.9B | ||
| Q3 25 | $-1.2B | $9.2B | ||
| Q2 25 | $-595.0M | $8.9B | ||
| Q1 25 | $289.0M | $9.0B | ||
| Q4 24 | $464.0M | $8.6B | ||
| Q3 24 | $342.0M | $8.3B | ||
| Q2 24 | $466.0M | $8.2B | ||
| Q1 24 | $504.0M | $8.1B |
总资产LUMNWDAY
| Q4 25 | $34.3B | $17.8B | ||
| Q3 25 | $34.3B | $18.0B | ||
| Q2 25 | $33.0B | $17.2B | ||
| Q1 25 | $33.5B | $18.0B | ||
| Q4 24 | $33.5B | $16.4B | ||
| Q3 24 | $34.0B | $16.2B | ||
| Q2 24 | $32.9B | $15.9B | ||
| Q1 24 | $33.2B | $16.5B |
负债/权益比LUMNWDAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 59.98× | — | ||
| Q4 24 | 37.70× | — | ||
| Q3 24 | 53.05× | — | ||
| Q2 24 | 39.51× | 0.37× | ||
| Q1 24 | 36.89× | 0.37× |
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 | $588.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.1B | $550.0M |
| 自由现金流率自由现金流/营收 | -39.4% | 22.6% |
| 资本支出强度资本支出/营收 | 59.9% | 1.6% |
| 现金转化率经营现金流/净利润 | — | 2.33× |
| 过去12个月自由现金流最近4个季度 | $371.0M | $2.6B |
8季度趋势，按日历期对齐
经营现金流LUMNWDAY
| Q4 25 | $562.0M | $588.0M | ||
| Q3 25 | $2.5B | $616.0M | ||
| Q2 25 | $570.0M | $457.0M | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $688.0M | $406.0M | ||
| Q3 24 | $2.0B | $571.0M | ||
| Q2 24 | $511.0M | $372.0M | ||
| Q1 24 | $1.1B | $995.6M |
自由现金流LUMNWDAY
| Q4 25 | $-1.1B | $550.0M | ||
| Q3 25 | $1.5B | $588.0M | ||
| Q2 25 | $-321.0M | $421.0M | ||
| Q1 25 | $304.0M | $1.0B | ||
| Q4 24 | $-227.0M | $359.0M | ||
| Q3 24 | $1.2B | $516.0M | ||
| Q2 24 | $-242.0M | $291.0M | ||
| Q1 24 | $389.0M | $947.6M |
自由现金流率LUMNWDAY
| Q4 25 | -39.4% | 22.6% | ||
| Q3 25 | 52.4% | 25.0% | ||
| Q2 25 | -11.2% | 18.8% | ||
| Q1 25 | 10.4% | 46.4% | ||
| Q4 24 | -7.4% | 16.6% | ||
| Q3 24 | 39.8% | 24.7% | ||
| Q2 24 | -8.0% | 14.6% | ||
| Q1 24 | 12.7% | 49.3% |
资本支出强度LUMNWDAY
| Q4 25 | 59.9% | 1.6% | ||
| Q3 25 | 37.1% | 1.2% | ||
| Q2 25 | 31.1% | 1.6% | ||
| Q1 25 | 27.2% | 3.9% | ||
| Q4 24 | 29.7% | 2.2% | ||
| Q3 24 | 28.6% | 2.6% | ||
| Q2 24 | 25.0% | 4.1% | ||
| Q1 24 | 23.3% | 2.5% |
现金转化率LUMNWDAY
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 2.70× | ||
| Q2 25 | — | 6.72× | ||
| Q1 25 | — | 11.83× | ||
| Q4 24 | 8.09× | 2.10× | ||
| Q3 24 | — | 4.33× | ||
| Q2 24 | — | 3.48× | ||
| Q1 24 | 19.33× | 0.84× |
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% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
