vs
Lumen Technologies, Inc.（LUMN）与百胜餐饮集团（YUM）财务数据对比。点击上方公司名可切换其他公司
Lumen Technologies, Inc.的季度营收约是百胜餐饮集团的1.1倍（$2.7B vs $2.5B），百胜餐饮集团净利率更高（21.3% vs -0.1%，领先21.3%），百胜餐饮集团同比增速更快（6.5% vs -11.0%），百胜餐饮集团自由现金流更多（$482.0M vs $-1.1B），过去两年百胜餐饮集团的营收复合增速更高（25.5% 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。
百胜餐饮集团是美国跨国快餐企业，前身为百事可乐1977年收购肯德基、必胜客、塔可贝尔后成立的子公司，1997年从百事可乐分拆独立。目前集团运营肯德基、必胜客、塔可贝尔、哈比特汉堡等知名餐饮品牌，同时持有多家科技公司为业务发展提供支持。
LUMN vs YUM — 直观对比
营收规模更大
LUMN
是对方的1.1倍
$2.5B
营收增速更快
YUM
高出17.4%
-11.0%
净利率更高
YUM
高出21.3%
-0.1%
自由现金流更多
YUM
多$1.6B
$-1.1B
两年增速更快
YUM
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.5B |
| 净利润 | $-2.0M | $535.0M |
| 毛利率 | 40.7% | 67.6% |
| 营业利润率 | -7.3% | 29.3% |
| 净利率 | -0.1% | 21.3% |
| 营收同比 | -11.0% | 6.5% |
| 净利润同比 | -102.4% | 26.5% |
| 每股收益（稀释后） | $-0.01 | $1.91 |
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LUMNYUM
| Q4 25 | $2.7B | $2.5B | ||
| Q3 25 | $2.8B | $2.0B | ||
| Q2 25 | $2.9B | $1.9B | ||
| Q1 25 | $2.9B | $1.8B | ||
| Q4 24 | $3.1B | $2.4B | ||
| Q3 24 | $3.0B | $1.8B | ||
| Q2 24 | $3.0B | $1.8B | ||
| Q1 24 | $3.1B | $1.6B |
净利润LUMNYUM
| Q4 25 | $-2.0M | $535.0M | ||
| Q3 25 | $-621.0M | $397.0M | ||
| Q2 25 | $-915.0M | $374.0M | ||
| Q1 25 | $-201.0M | $253.0M | ||
| Q4 24 | $85.0M | $423.0M | ||
| Q3 24 | $-148.0M | $382.0M | ||
| Q2 24 | $-49.0M | $367.0M | ||
| Q1 24 | $57.0M | $314.0M |
毛利率LUMNYUM
| Q4 25 | 40.7% | 67.6% | ||
| Q3 25 | 39.4% | 70.3% | ||
| Q2 25 | 43.4% | 71.0% | ||
| Q1 25 | 42.0% | 70.9% | ||
| Q4 24 | 44.7% | 69.2% | ||
| Q3 24 | 43.0% | 71.4% | ||
| Q2 24 | 45.2% | 73.3% | ||
| Q1 24 | 46.0% | 75.0% |
营业利润率LUMNYUM
| Q4 25 | -7.3% | 29.3% | ||
| Q3 25 | -4.1% | 33.7% | ||
| Q2 25 | -21.0% | 32.2% | ||
| Q1 25 | 3.7% | 30.7% | ||
| Q4 24 | 5.0% | 27.8% | ||
| Q3 24 | 4.2% | 33.9% | ||
| Q2 24 | 4.5% | 34.4% | ||
| Q1 24 | 1.5% | 32.5% |
净利率LUMNYUM
| Q4 25 | -0.1% | 21.3% | ||
| Q3 25 | -22.1% | 20.1% | ||
| Q2 25 | -31.9% | 19.3% | ||
| Q1 25 | -6.9% | 14.2% | ||
| Q4 24 | 2.8% | 17.9% | ||
| Q3 24 | -5.0% | 20.9% | ||
| Q2 24 | -1.6% | 20.8% | ||
| Q1 24 | 1.9% | 19.6% |
每股收益（稀释后）LUMNYUM
| Q4 25 | $-0.01 | $1.91 | ||
| Q3 25 | $-0.62 | $1.41 | ||
| Q2 25 | $-0.92 | $1.33 | ||
| Q1 25 | $-0.20 | $0.90 | ||
| Q4 24 | $0.08 | $1.49 | ||
| Q3 24 | $-0.15 | $1.35 | ||
| Q2 24 | $-0.05 | $1.28 | ||
| Q1 24 | $0.06 | $1.10 |
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 | $709.0M |
| 总债务越低越好 | $17.4B | $11.9B |
| 股东权益账面价值 | $-1.1B | $-7.3B |
| 总资产 | $34.3B | $8.2B |
| 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LUMNYUM
| Q4 25 | $1.0B | $709.0M | ||
| Q3 25 | $2.4B | $1.0B | ||
| Q2 25 | $1.6B | $677.0M | ||
| Q1 25 | $1.9B | $607.0M | ||
| Q4 24 | $1.9B | $707.0M | ||
| Q3 24 | $2.6B | $548.0M | ||
| Q2 24 | $1.5B | $520.0M | ||
| Q1 24 | $1.6B | $652.0M |
总债务LUMNYUM
| Q4 25 | $17.4B | $11.9B | ||
| Q3 25 | $17.6B | $11.5B | ||
| Q2 25 | $17.6B | $10.4B | ||
| Q1 25 | $17.3B | $11.3B | ||
| Q4 24 | $17.5B | $11.3B | ||
| Q3 24 | $18.1B | $11.2B | ||
| Q2 24 | $18.4B | $11.1B | ||
| Q1 24 | $18.6B | $11.1B |
股东权益LUMNYUM
| Q4 25 | $-1.1B | $-7.3B | ||
| Q3 25 | $-1.2B | $-7.5B | ||
| Q2 25 | $-595.0M | $-7.7B | ||
| Q1 25 | $289.0M | $-7.8B | ||
| Q4 24 | $464.0M | $-7.6B | ||
| Q3 24 | $342.0M | $-7.7B | ||
| Q2 24 | $466.0M | $-7.6B | ||
| Q1 24 | $504.0M | $-7.8B |
总资产LUMNYUM
| Q4 25 | $34.3B | $8.2B | ||
| Q3 25 | $34.3B | $7.2B | ||
| Q2 25 | $33.0B | $6.9B | ||
| Q1 25 | $33.5B | $6.7B | ||
| Q4 24 | $33.5B | $6.7B | ||
| Q3 24 | $34.0B | $6.5B | ||
| Q2 24 | $32.9B | $6.4B | ||
| Q1 24 | $33.2B | $6.2B |
负债/权益比LUMNYUM
| 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 | $617.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.1B | $482.0M |
| 自由现金流率自由现金流/营收 | -39.4% | 19.2% |
| 资本支出强度资本支出/营收 | 59.9% | 5.4% |
| 现金转化率经营现金流/净利润 | — | 1.15× |
| 过去12个月自由现金流最近4个季度 | $371.0M | $1.6B |
8季度趋势，按日历期对齐
经营现金流LUMNYUM
| Q4 25 | $562.0M | $617.0M | ||
| Q3 25 | $2.5B | $543.0M | ||
| Q2 25 | $570.0M | $446.0M | ||
| Q1 25 | $1.1B | $404.0M | ||
| Q4 24 | $688.0M | $513.0M | ||
| Q3 24 | $2.0B | $471.0M | ||
| Q2 24 | $511.0M | $342.0M | ||
| Q1 24 | $1.1B | $363.0M |
自由现金流LUMNYUM
| Q4 25 | $-1.1B | $482.0M | ||
| Q3 25 | $1.5B | $449.0M | ||
| Q2 25 | $-321.0M | $375.0M | ||
| Q1 25 | $304.0M | $333.0M | ||
| Q4 24 | $-227.0M | $407.0M | ||
| Q3 24 | $1.2B | $419.0M | ||
| Q2 24 | $-242.0M | $292.0M | ||
| Q1 24 | $389.0M | $314.0M |
自由现金流率LUMNYUM
| Q4 25 | -39.4% | 19.2% | ||
| Q3 25 | 52.4% | 22.7% | ||
| Q2 25 | -11.2% | 19.4% | ||
| Q1 25 | 10.4% | 18.6% | ||
| Q4 24 | -7.4% | 17.2% | ||
| Q3 24 | 39.8% | 22.9% | ||
| Q2 24 | -8.0% | 16.6% | ||
| Q1 24 | 12.7% | 19.6% |
资本支出强度LUMNYUM
| Q4 25 | 59.9% | 5.4% | ||
| Q3 25 | 37.1% | 4.7% | ||
| Q2 25 | 31.1% | 3.7% | ||
| Q1 25 | 27.2% | 4.0% | ||
| Q4 24 | 29.7% | 4.5% | ||
| Q3 24 | 28.6% | 2.8% | ||
| Q2 24 | 25.0% | 2.8% | ||
| Q1 24 | 23.3% | 3.1% |
现金转化率LUMNYUM
| Q4 25 | — | 1.15× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.19× | ||
| Q1 25 | — | 1.60× | ||
| Q4 24 | 8.09× | 1.21× | ||
| Q3 24 | — | 1.23× | ||
| Q2 24 | — | 0.93× | ||
| Q1 24 | 19.33× | 1.16× |
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% |
YUM
| Other | $1.5B | 59% |
| Advertising | $547.0M | 22% |
| Pizza Hut Global Division | $303.0M | 12% |
| The Habit Burger Grill Global Division | $174.0M | 7% |
| Real Estate | $4.0M | 0% |
