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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and RING ENERGY, INC. (REI). Click either name above to swap in a different company.
RING ENERGY, INC. is the larger business by last-quarter revenue ($66.9M vs $40.3M, roughly 1.7× Cambium Networks Corp). On growth, RING ENERGY, INC. posted the faster year-over-year revenue change (-19.8% vs -23.2%). Over the past eight quarters, RING ENERGY, INC.'s revenue compounded faster (-15.9% CAGR vs -27.2%).
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.
CMBM vs REI — Head-to-Head
Income Statement — Q4 FY2024 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $66.9M |
| Net Profit | $-7.2M | — |
| Gross Margin | 36.6% | — |
| Operating Margin | -28.4% | -37.6% |
| Net Margin | -17.9% | — |
| Revenue YoY | -23.2% | -19.8% |
| Net Profit YoY | 71.0% | — |
| EPS (diluted) | $-0.26 | $-0.07 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $66.9M | ||
| Q3 25 | — | $78.6M | ||
| Q2 25 | — | $82.6M | ||
| Q1 25 | — | $79.1M | ||
| Q4 24 | $40.3M | $83.4M | ||
| Q3 24 | $44.7M | $89.2M | ||
| Q2 24 | $45.2M | $99.1M | ||
| Q1 24 | $47.1M | $94.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-51.6M | ||
| Q2 25 | — | $20.6M | ||
| Q1 25 | — | $9.1M | ||
| Q4 24 | $-7.2M | — | ||
| Q3 24 | $-34.5M | $33.9M | ||
| Q2 24 | $-14.2M | $22.4M | ||
| Q1 24 | $-18.4M | $5.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | 43.6% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 29.8% | — |
| Q4 25 | — | -37.6% | ||
| Q3 25 | — | -70.0% | ||
| Q2 25 | — | 28.4% | ||
| Q1 25 | — | 28.3% | ||
| Q4 24 | -28.4% | 28.3% | ||
| Q3 24 | -69.6% | 33.4% | ||
| Q2 24 | -27.2% | 42.2% | ||
| Q1 24 | -33.1% | 39.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | -65.7% | ||
| Q2 25 | — | 25.0% | ||
| Q1 25 | — | 11.5% | ||
| Q4 24 | -17.9% | — | ||
| Q3 24 | -77.3% | 38.0% | ||
| Q2 24 | -31.5% | 22.6% | ||
| Q1 24 | -39.2% | 5.8% |
| Q4 25 | — | $-0.07 | ||
| Q3 25 | — | $-0.25 | ||
| Q2 25 | — | $0.10 | ||
| Q1 25 | — | $0.05 | ||
| Q4 24 | $-0.26 | $0.03 | ||
| Q3 24 | $-1.22 | $0.17 | ||
| Q2 24 | $-0.51 | $0.11 | ||
| Q1 24 | $-0.66 | $0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $902.9K |
| Total DebtLower is stronger | $67.6M | — |
| Stockholders' EquityBook value | $-3.2M | $836.3M |
| Total Assets | $173.7M | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $902.9K | ||
| Q3 25 | — | $286.9K | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.1M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $1.2M | ||
| Q1 24 | — | $1.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $67.6M | — | ||
| Q3 24 | $67.6M | — | ||
| Q2 24 | $68.9M | — | ||
| Q1 24 | $63.8M | — |
| Q4 25 | — | $836.3M | ||
| Q3 25 | — | $847.7M | ||
| Q2 25 | — | $897.9M | ||
| Q1 25 | — | $876.0M | ||
| Q4 24 | $-3.2M | $858.6M | ||
| Q3 24 | $1.9M | $851.3M | ||
| Q2 24 | $34.1M | $817.4M | ||
| Q1 24 | $45.0M | $793.0M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $173.7M | $1.4B | ||
| Q3 24 | $194.3M | $1.4B | ||
| Q2 24 | $221.1M | $1.4B | ||
| Q1 24 | $219.8M | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.12× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.42× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-10.4M | $44.7M |
| Free Cash FlowOCF − Capex | $-10.8M | — |
| FCF MarginFCF / Revenue | -26.8% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $44.7M | ||
| Q3 25 | — | $44.5M | ||
| Q2 25 | — | $33.3M | ||
| Q1 25 | — | $28.4M | ||
| Q4 24 | $-10.4M | $47.3M | ||
| Q3 24 | $8.9M | $51.3M | ||
| Q2 24 | $2.4M | $50.6M | ||
| Q1 24 | $-15.9M | $45.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-10.8M | — | ||
| Q3 24 | $6.8M | — | ||
| Q2 24 | $87.0K | — | ||
| Q1 24 | $-17.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -26.8% | — | ||
| Q3 24 | 15.2% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | -37.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | 3.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.61× | ||
| Q1 25 | — | 3.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.52× | ||
| Q2 24 | — | 2.26× | ||
| Q1 24 | — | 8.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
REI
Segment breakdown not available.
