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Optimum Communications, Inc.（OPTU）与德事隆（TXT）财务数据对比。点击上方公司名可切换其他公司
德事隆的季度营收约是Optimum Communications, Inc.的1.9倍（$4.2B vs $2.2B），德事隆净利率更高（5.6% vs -3.3%，领先8.9%），德事隆同比增速更快（15.6% vs -2.3%），德事隆自由现金流更多（$527.0M vs $199.4M），过去两年德事隆的营收复合增速更高（15.4% vs -1.5%）
Optimum Communications, Inc.是由法籍以色列商人帕特里克·德拉希控股的美国电信运营商，核心业务为数字有线电视与宽带互联网服务，服务覆盖纽约大都会区及美国中西部、南部多个州。截至2017年，该公司在全美21个州共拥有约490万住宅及企业客户，是美国第四大电信企业。
德事隆是总部位于美国罗德岛州普罗维登斯的工业集团，1923年由罗亚尔·利特尔创立，前身为特种纱线公司。旗下拥有贝尔德事隆、考泰斯、德事隆航空、莱康明发动机等子公司，业务覆盖25个国家，2020年员工总数超3.3万人，2021年位列美国财富500强第265位。
OPTU vs TXT — 直观对比
营收规模更大
TXT
是对方的1.9倍
$2.2B
营收增速更快
TXT
高出17.9%
-2.3%
净利率更高
TXT
高出8.9%
-3.3%
自由现金流更多
TXT
多$327.6M
$199.4M
两年增速更快
TXT
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $4.2B |
| 净利润 | $-71.2M | $235.0M |
| 毛利率 | 69.5% | — |
| 营业利润率 | 18.2% | — |
| 净利率 | -3.3% | 5.6% |
| 营收同比 | -2.3% | 15.6% |
| 净利润同比 | -31.6% | 66.7% |
| 每股收益（稀释后） | $-0.16 | — |
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OPTUTXT
| Q4 25 | $2.2B | $4.2B | ||
| Q3 25 | $2.1B | $3.6B | ||
| Q2 25 | $2.1B | $3.7B | ||
| Q1 25 | $2.2B | $3.3B | ||
| Q4 24 | $2.2B | $3.6B | ||
| Q3 24 | $2.2B | $3.4B | ||
| Q2 24 | $2.2B | $3.5B | ||
| Q1 24 | $2.3B | $3.1B |
净利润OPTUTXT
| Q4 25 | $-71.2M | $235.0M | ||
| Q3 25 | $-1.6B | $234.0M | ||
| Q2 25 | $-96.3M | $245.0M | ||
| Q1 25 | $-75.7M | $207.0M | ||
| Q4 24 | $-54.1M | $141.0M | ||
| Q3 24 | $-43.0M | $223.0M | ||
| Q2 24 | $15.4M | $259.0M | ||
| Q1 24 | $-21.2M | $201.0M |
毛利率OPTUTXT
| Q4 25 | 69.5% | — | ||
| Q3 25 | 69.7% | — | ||
| Q2 25 | 69.1% | — | ||
| Q1 25 | 68.8% | — | ||
| Q4 24 | 67.7% | — | ||
| Q3 24 | 68.1% | — | ||
| Q2 24 | 67.9% | — | ||
| Q1 24 | 67.0% | — |
营业利润率OPTUTXT
| Q4 25 | 18.2% | — | ||
| Q3 25 | -55.3% | — | ||
| Q2 25 | 14.5% | — | ||
| Q1 25 | 16.0% | — | ||
| Q4 24 | 15.2% | 3.6% | ||
| Q3 24 | 20.0% | 7.4% | ||
| Q2 24 | 22.4% | 9.2% | ||
| Q1 24 | 17.5% | 7.6% |
净利率OPTUTXT
| Q4 25 | -3.3% | 5.6% | ||
| Q3 25 | -77.1% | 6.5% | ||
| Q2 25 | -4.5% | 6.6% | ||
| Q1 25 | -3.5% | 6.3% | ||
| Q4 24 | -2.4% | 3.9% | ||
| Q3 24 | -1.9% | 6.5% | ||
| Q2 24 | 0.7% | 7.3% | ||
| Q1 24 | -0.9% | 6.4% |
每股收益（稀释后）OPTUTXT
| Q4 25 | $-0.16 | — | ||
| Q3 25 | $-3.47 | — | ||
| Q2 25 | $-0.21 | — | ||
| Q1 25 | $-0.16 | $1.13 | ||
| Q4 24 | $-0.11 | — | ||
| Q3 24 | $-0.09 | — | ||
| Q2 24 | $0.03 | — | ||
| Q1 24 | $-0.05 | $1.03 |
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 | $26.2B | — |
| 股东权益账面价值 | $-2.3B | — |
| 总资产 | $30.7B | — |
| 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OPTUTXT
| Q4 25 | $1.0B | — | ||
| Q3 25 | $938.8M | — | ||
| Q2 25 | $247.3M | — | ||
| Q1 25 | $279.1M | — | ||
| Q4 24 | $256.5M | — | ||
| Q3 24 | $250.0M | — | ||
| Q2 24 | $362.1M | — | ||
| Q1 24 | $284.4M | — |
总债务OPTUTXT
| Q4 25 | $26.2B | — | ||
| Q3 25 | $26.2B | — | ||
| Q2 25 | $25.3B | — | ||
| Q1 25 | $25.3B | — | ||
| Q4 24 | $25.1B | — | ||
| Q3 24 | $25.1B | — | ||
| Q2 24 | $25.2B | — | ||
| Q1 24 | $25.1B | — |
股东权益OPTUTXT
| Q4 25 | $-2.3B | — | ||
| Q3 25 | $-2.2B | $7.5B | ||
| Q2 25 | $-624.1M | $7.4B | ||
| Q1 25 | $-543.0M | $7.3B | ||
| Q4 24 | $-469.2M | $7.2B | ||
| Q3 24 | $-427.1M | $7.0B | ||
| Q2 24 | $-399.1M | $6.9B | ||
| Q1 24 | $-431.2M | $6.9B |
总资产OPTUTXT
| Q4 25 | $30.7B | — | ||
| Q3 25 | $30.7B | $17.4B | ||
| Q2 25 | $31.6B | $17.1B | ||
| Q1 25 | $31.7B | $16.9B | ||
| Q4 24 | $31.7B | $16.8B | ||
| Q3 24 | $31.8B | $16.5B | ||
| Q2 24 | $32.0B | $16.4B | ||
| Q1 24 | $31.9B | $16.4B |
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 | $481.6M | $700.0M |
| 自由现金流经营现金流 - 资本支出 | $199.4M | $527.0M |
| 自由现金流率自由现金流/营收 | 9.1% | 12.6% |
| 资本支出强度资本支出/营收 | 12.9% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 2.98× |
| 过去12个月自由现金流最近4个季度 | $-118.8M | $929.0M |
8季度趋势，按日历期对齐
经营现金流OPTUTXT
| Q4 25 | $481.6M | $700.0M | ||
| Q3 25 | $147.4M | $349.0M | ||
| Q2 25 | $412.0M | $387.0M | ||
| Q1 25 | $187.5M | $-124.0M | ||
| Q4 24 | $439.9M | $446.0M | ||
| Q3 24 | $436.0M | $208.0M | ||
| Q2 24 | $306.8M | $367.0M | ||
| Q1 24 | $399.7M | $-7.0M |
自由现金流OPTUTXT
| Q4 25 | $199.4M | $527.0M | ||
| Q3 25 | $-178.1M | $273.0M | ||
| Q2 25 | $28.4M | $309.0M | ||
| Q1 25 | $-168.6M | $-180.0M | ||
| Q4 24 | $49.9M | $293.0M | ||
| Q3 24 | $76.9M | $137.0M | ||
| Q2 24 | $-40.9M | $293.0M | ||
| Q1 24 | $63.6M | $-73.0M |
自由现金流率OPTUTXT
| Q4 25 | 9.1% | 12.6% | ||
| Q3 25 | -8.4% | 7.6% | ||
| Q2 25 | 1.3% | 8.3% | ||
| Q1 25 | -7.8% | -5.4% | ||
| Q4 24 | 2.2% | 8.1% | ||
| Q3 24 | 3.5% | 4.0% | ||
| Q2 24 | -1.8% | 8.3% | ||
| Q1 24 | 2.8% | -2.3% |
资本支出强度OPTUTXT
| Q4 25 | 12.9% | 4.1% | ||
| Q3 25 | 15.4% | 2.1% | ||
| Q2 25 | 17.9% | 2.1% | ||
| Q1 25 | 16.5% | 1.7% | ||
| Q4 24 | 17.5% | 4.2% | ||
| Q3 24 | 16.1% | 2.1% | ||
| Q2 24 | 15.5% | 2.1% | ||
| Q1 24 | 14.9% | 2.1% |
现金转化率OPTUTXT
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | — | 1.58× | ||
| Q1 25 | — | -0.60× | ||
| Q4 24 | — | 3.16× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | 19.97× | 1.42× | ||
| Q1 24 | — | -0.03× |
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
OPTU
| Total Residential Revenue | $1.6B | 74% |
| Business Servicesand Wholesale | $401.8M | 18% |
| Telephony | $60.8M | 3% |
| Other | $57.9M | 3% |
| Franchise | $50.0M | 2% |
TXT
| Aircraft | $1.2B | 29% |
| Military Aircraft And Support Programs | $655.0M | 16% |
| Aftermarket Parts And Services | $551.0M | 13% |
| Services | $507.0M | 12% |
| Fuel Systems And Functional Components | $480.0M | 11% |
| Textron Systems | $323.0M | 8% |
| Other | $317.0M | 8% |
| US Government | $119.0M | 3% |
| Finance | $18.0M | 0% |
| Textron E Aviation Segment | $7.0M | 0% |
