Charter Communications, Inc. (CHTR)财务
NASDAQ · Communication Services · Telecommunications Services · 员工91,900人 · CEO Christopher L. Winfrey
- 股价
- $111.49 +2.28%
- 市值
- $150亿
- 企业价值
- $1110亿
- 最近财报
- Q2 '26 2026-07-24提交
- 下次财报
- 2026-11-06 EPS预期 $9.50
营收(TTM)$544亿-1.5% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)24.0%-0.5 百分点 对比去年同期营业利润 $130亿
净利润(TTM)$49.2亿-6.5% 对比去年同期税后,含营业外收益
自由现金流(TTM)$43.6亿+1.3% 对比去年同期资本支出 $121亿
稀释EPS(TTM)$38.51+5.5% 对比去年同期最近4个季度之和
净现金-$962亿-0.5% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $150亿 EV $1110亿
- 营收
- $544亿 过去12个月
- 营收增速
- -1% FY2026年一致预期
- 净利润率
- 9.1% 净利润 / 营收,TTM
- P/E
- 2.9× 预期 2.7×(FY2026)
- P/S
- 0.3× 股价 / 营收,TTM
- EV / EBITDA
- 5.2× TTM
- 自由现金流
- $43.6亿 过去12个月
- 净利润
- $49.2亿 过去12个月
- 营收预期
- $542亿 FY2026年一致预期
- 盈利
- 2026-11-06 营收预期 $135亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-07-24):营收符合预期,EPS 超预期6.8%营收$135亿,预期$135亿(+0.1%);EPS $10.66,预期$9.98(+6.8%)。
- 营收增长平稳:同比-1.7%Q2 '26营收$135亿,此前四个季度的平均值为-0.9%。
- 营业利润率24.0%(TTM),较去年同期-0.5 百分点营收增长-1.5%,营业利润增长-3.6%。
- 税前利润的73.4%被营业外亏损吞噬税前利润$75.2亿,营业利润$130亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的22.3%(去年为19.7%)最近4个季度投入$121亿(同比+11.1%)。自由现金流$43.6亿,相当于净利润的88.5%。
- 股东回报$47.6亿 = 自由现金流的109.2%回购$47.6亿(去年为$25.9亿),股息$0,股权激励$6.35亿(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内减少14.4%Q2 '26稀释股数1.21亿,一年前为1.42亿。
- 净债务 $962亿现金 + 短期投资 $5.09亿,含租赁债务 $967亿;一年前净债务 $957亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $135亿 | $138亿 | -1.7% |
| 毛利率 | 45.4% | 46.4% | -1.0 百分点 |
| 营业利润 | $31.8亿 | $33.6亿 | -5.4% |
| 营业利润率 | 23.5% | 24.4% | -0.9 百分点 |
| 净利润 | $12.9亿 | $13亿 | -0.7% |
| 稀释EPS | $10.66 | $9.18 | +16.1% |
| 经营现金流 | $39.3亿 | $36亿 | +9.0% |
| 资本支出 | $28.7亿 | $28.7亿 | -0.1% |
| 自由现金流 | $10.5亿 | $7.26亿 | +45.2% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $1.38亿 | $1.57亿 | -12.1% |
实际 vs 一致预期
2026-07-24| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $135亿 | $135亿 | +0.1% |
| EPS(一致预期口径) | $10.66 | $9.98 | +6.8% |
来自2026-07-24发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Residential Product Line | – | – | – | – | – | |
| Residential Internet Product Line | – | – | – | – | – | |
| Internet | $57.8亿 | – | 42.7% | – | – | |
| Residential Video Product Line | – | – | – | – | – | |
| Video | $31.5亿 | – | 23.3% | – | – | |
| Commercial Product Line | – | – | – | – | – | |
| Small business | $11亿 | – | 8.2% | – | – | |
| Mobile service | $11亿 | – | 8.1% | – | – | |
| Other | $8.94亿 | – | 6.6% | – | – | |
| Mid-market & large business | $7.61亿 | – | 5.6% | – | – | |
| Advertising sales | $4.16亿 | +12.1% | 3.1% | $15.3亿 | -10.1% | |
| Residential Voice Product Line | – | – | – | – | – | |
| Voice | $3.31亿 | – | 2.4% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $165亿
- 资本支出
- -$121亿
- 股票回购
- -$47.6亿
- 股息
- $0
- 收购
- -$1.21亿
- 债务净发行
- $1.04亿
- 股权激励费用
- $6.35亿
- 自由现金流
- $43.6亿
- 股东回报 / FCF
- 109.2%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 2.9× | 12.9× | 5.7× – 25.7× |
| EV / EBITDA | 5.2× | 7.6× | 5.9× – 10.7× |
| EV / 营收 | 2.0× | 2.9× | 2.3× – 4.1× |
| 股价 / FCF | 3.4× | 12.3× | 6.4× – 16.6× |
| 股价 / 净资产 | 0.8× | 4.9× | 1.8× – 8.5× |
| FCF收益率 | 29.0% | 9.3% | 6.0% – 15.7% |
| 投入资本回报率 | 6.9% | 7.1% | 6.8% – 7.4% |
| 净资产收益率 | 30.4% | 38.7% | 31.1% – 55.4% |
分析师
一致目标价 $156.56 (+40.4%)
区间 $101.00 – $380.00 · 评级 Buy
强烈买入0
买入26
持有25
卖出5
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $542亿 | -1.0% | $40.69 | +12.4% | 2.7× | 5 |
| FY2027 | $537亿 | -1.1% | $43.46 | +6.8% | 2.6× | 5 |
| FY2028 | $535亿 | -0.2% | $49.22 | +13.3% | 2.3× | 2 |
| FY2029 | $545亿 | +1.8% | $52.42 | +6.5% | 2.1× | 1 |
| FY2030 | $550亿 | +0.9% | $67.23 | +28.3% | 1.7× | 1 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Charter Communications, Inc.在近期10-Q / 10-K文件中标记的全部251项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable and Accrued Liabilities, Current | $128亿 | $120亿 | +6.4% | $126亿 | $117亿 | +7.4% |
| Accounts Payable, Trade, Current | $10.7亿 | $9.67亿 | +10.2% | $10.3亿 | $8.8亿 | +17.5% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $36.5亿 | $35.5亿 | +2.9% | $36.8亿 | $31亿 | +18.8% |
| Accounts Receivable, Allowance for Credit Loss, Current | $2.38亿 | $2.33亿 | +2.1% | $2.19亿 | $2.04亿 | +7.4% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | – | – | – | $7.31亿 | $8.26亿 | -11.5% |
| Accounts Receivable, Credit Loss Expense (Reversal) | – | – | – | $7.46亿 | $7.62亿 | -2.1% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $420亿 | $407亿 | +3.1% | $415亿 | $394亿 | +5.3% |
| Additional Paid in Capital, Common Stock | $218亿 | $237亿 | -8.2% | $214亿 | $233亿 | -8.1% |
| Amortization of Debt Discount (Premium) | $600万 | $700万 | -14.3% | $2900万 | $3400万 | -14.7% |
| Amortization of Intangible Assets | – | – | – | $5.85亿 | $8.38亿 | -30.2% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1600万 | 1600万 | 0.0% | 1600万 | 1700万 | -5.9% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1.38亿 | $1.57亿 | -12.1% | $6.73亿 | $6.51亿 | +3.4% |
| Assets | $1560亿 | $1520亿 | +2.7% | $1540亿 | $1500亿 | +2.8% |
| Assets, Current | $49.7亿 | $48.1亿 | +3.3% | $51.4亿 | $42.3亿 | +21.5% |
| Business Combination, Acquisition Related Costs | $800万 | $4300万 | -81.4% | $1.29亿 | $0 | – |
| Business Combination, Integration Related Costs | $6500万 | $0 | – | $1900万 | $0 | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt | $124亿 | $126亿 | -1.6% | $126亿 | – | – |
| Capitalized Contract Cost, Net | $7.65亿2025-12-31 | $7.01亿 | +9.1% | $7.65亿 | $7.01亿 | +9.1% |
| Cash and Cash Equivalents, at Carrying Value | $5.09亿 | $6.06亿 | -16.0% | $4.77亿 | $4.59亿 | +3.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $5.99亿 | $6.49亿 | -7.7% | $5.98亿 | $5.06亿 | +18.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$2300万 | -$2.17亿 | +89.4% | $9200万 | -$2.03亿 | +145.3% |
| Contract with Customer, Asset, Allowance for Credit Loss, Noncurrent | $1.17亿2025-12-31 | $9900万 | +18.2% | $1.17亿 | $9900万 | +18.2% |
| Contract with Customer, Liability, Current | $4.22亿2025-12-31 | $4.56亿 | -7.5% | $4.22亿 | $4.56亿 | -7.5% |
| Contract with Customer, Receivable, after Allowance for Credit Loss, Current | $12.8亿2025-12-31 | $9.67亿 | +32.0% | $12.8亿 | $9.67亿 | +32.0% |
| Contract with Customer, Receivable, after Allowance for Credit Loss, Noncurrent | $11.1亿2025-12-31 | $9.8亿 | +13.7% | $11.1亿 | $9.8亿 | +13.7% |
| Contractual Obligation | $171亿2025-12-31 | $108亿 | +58.7% | $171亿 | $108亿 | +58.7% |
| Contractual Obligation, to be Paid, after Year Five | $42.8亿2025-12-31 | $49.5亿 | -13.5% | $42.8亿 | $49.5亿 | -13.5% |
| Contractual Obligation, to be Paid, Year Five | $10.7亿2025-12-31 | $6.55亿 | +63.7% | $10.7亿 | $6.55亿 | +63.7% |
| Contractual Obligation, to be Paid, Year Four | $10.5亿2025-12-31 | $7.28亿 | +43.7% | $10.5亿 | $7.28亿 | +43.7% |
| Contractual Obligation, to be Paid, Year One | $45亿2025-12-31 | $20亿 | +125.7% | $45亿 | $20亿 | +125.7% |
| Contractual Obligation, to be Paid, Year Three | $27.6亿2025-12-31 | $11.2亿 | +146.4% | $27.6亿 | $11.2亿 | +146.4% |
| Contractual Obligation, to be Paid, Year Two | $34.6亿2025-12-31 | $13.4亿 | +157.7% | $34.6亿 | $13.4亿 | +157.7% |
| Costs and Expenses | $105亿 | $105亿 | -0.2% | $419亿 | $420亿 | -0.2% |
| Current Federal Tax Expense (Benefit) | – | – | – | $3.58亿 | $13.8亿 | -74.0% |
| Current Income Tax Expense (Benefit) | – | – | – | $6.79亿 | $17.4亿 | -60.9% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $3.21亿 | $3.57亿 | -10.1% |
| Debt Instrument, Face Amount | $938亿 | $943亿 | -0.4% | $946亿 | $938亿 | +0.9% |
| Debt, Weighted Average Interest Rate | 5.1%2025-12-31 | 5.2% | -1.9% | 5.1% | 5.2% | -1.9% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $9.43亿 | -$6900万 | +1,466.7% |
| Deferred Income Tax Expense (Benefit) | $2.03亿 | -$5300万 | +483.0% | $10.1亿 | -$8700万 | +1,264.4% |
| Deferred Income Tax Liabilities, Net | $202亿 | $188亿 | +7.9% | $198亿 | $188亿 | +5.3% |
| Deferred Revenue, Current | $4.28亿 | $4.57亿 | -6.3% | $4.22亿 | $4.56亿 | -7.5% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $7000万 | -$1800万 | +488.9% |
| Deferred Tax Assets, Gross | $13亿2025-12-31 | $11.8亿 | +10.4% | $13亿 | $11.8亿 | +10.4% |
| Deferred Tax Assets, Net of Valuation Allowance | $12.8亿2025-12-31 | $11.6亿 | +10.5% | $12.8亿 | $11.6亿 | +10.5% |
| Deferred Tax Assets, Operating Loss Carryforwards | $3.97亿2025-12-31 | $6.42亿 | -38.2% | $3.97亿 | $6.42亿 | -38.2% |
| Deferred Tax Assets, Other | $9.02亿2025-12-31 | $5.35亿 | +68.6% | $9.02亿 | $5.35亿 | +68.6% |
| Deferred Tax Assets, Valuation Allowance | $1500万2025-12-31 | $1500万 | 0.0% | $1500万 | $1500万 | 0.0% |
| Deferred Tax Liabilities, Gross | $211亿2025-12-31 | $200亿 | +5.6% | $211亿 | $200亿 | +5.6% |
| Deferred Tax Liabilities, Investments | $211亿2025-12-31 | $200亿 | +5.6% | $211亿 | $200亿 | +5.6% |
| Deferred Tax Liabilities, Net | $198亿2025-12-31 | $188亿 | +5.3% | $198亿 | $188亿 | +5.3% |
| Deferred Tax Liabilities, Other | $400万2025-12-31 | $800万 | -50.0% | $400万 | $800万 | -50.0% |
| Defined Benefit Plan, Accumulated Benefit Obligation | $1700万2025-12-31 | $22.1亿 | -99.2% | $1700万 | $22.1亿 | -99.2% |
| Defined Benefit Plan, Amortization of Gain (Loss) | – | – | – | $300万 | -$2800万 | +110.7% |
| Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | – | – | – | 5.1%2024-12-31 | 4.7% | +9.2% |
| Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | – | – | – | 5.1% | 4.7% | +9.2% |
| Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets | – | – | – | 5.0% | 5.0% | 0.0% |
| Defined Benefit Plan, Benefit Obligation | $1700万2025-12-31 | $22.1亿 | -99.2% | $1700万 | $22.1亿 | -99.2% |
| Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Settlement | – | – | – | $9.24亿 | $1.27亿 | +627.6% |
| Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) | – | – | – | $3800万 | -$1.41亿 | +127.0% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02