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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) and Ribbon Communications Inc. (RBBN). Click either name above to swap in a different company.

Ribbon Communications Inc. is the larger business by last-quarter revenue ($162.6M vs $105.5M, roughly 1.5× Granite Ridge Resources, Inc.). On growth, Granite Ridge Resources, Inc. posted the faster year-over-year revenue change (-0.8% vs -10.3%). Over the past eight quarters, Granite Ridge Resources, Inc.'s revenue compounded faster (8.9% CAGR vs -8.1%).

Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.

Ribbon Communications Inc. is a public company that makes software, IP and optical networking solutions for service providers, enterprises and critical infrastructure sectors. The company was formed in 2017, following the merger of Genband and Sonus Networks and is headquartered in Plano, Texas.

GRNT vs RBBN — Head-to-Head

Bigger by revenue
RBBN
RBBN
1.5× larger
RBBN
$162.6M
$105.5M
GRNT
Growing faster (revenue YoY)
GRNT
GRNT
+9.5% gap
GRNT
-0.8%
-10.3%
RBBN
Faster 2-yr revenue CAGR
GRNT
GRNT
Annualised
GRNT
8.9%
-8.1%
RBBN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GRNT
GRNT
RBBN
RBBN
Revenue
$105.5M
$162.6M
Net Profit
$89.1M
Gross Margin
42.9%
Operating Margin
-34.5%
37.6%
Net Margin
54.8%
Revenue YoY
-0.8%
-10.3%
Net Profit YoY
EPS (diluted)
$-0.19
$0.50

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.

Revenue
GRNT
GRNT
RBBN
RBBN
Q1 26
$162.6M
Q4 25
$105.5M
$227.3M
Q3 25
$112.7M
$215.4M
Q2 25
$109.2M
$220.6M
Q1 25
$122.9M
$181.3M
Q4 24
$106.3M
$251.4M
Q3 24
$94.1M
$210.2M
Q2 24
$90.7M
$192.6M
Net Profit
GRNT
GRNT
RBBN
RBBN
Q1 26
$89.1M
Q4 25
Q3 25
$14.5M
$-12.1M
Q2 25
$25.1M
$-11.1M
Q1 25
$9.8M
$-26.2M
Q4 24
Q3 24
$9.1M
$-13.4M
Q2 24
$5.1M
$-16.8M
Gross Margin
GRNT
GRNT
RBBN
RBBN
Q1 26
42.9%
Q4 25
53.3%
Q3 25
50.1%
Q2 25
49.6%
Q1 25
45.4%
Q4 24
55.7%
Q3 24
52.1%
Q2 24
50.8%
Operating Margin
GRNT
GRNT
RBBN
RBBN
Q1 26
37.6%
Q4 25
-34.5%
4.1%
Q3 25
17.4%
1.3%
Q2 25
19.0%
1.9%
Q1 25
34.6%
-10.8%
Q4 24
-6.5%
13.2%
Q3 24
26.2%
-0.4%
Q2 24
24.1%
-1.0%
Net Margin
GRNT
GRNT
RBBN
RBBN
Q1 26
54.8%
Q4 25
Q3 25
12.9%
-5.6%
Q2 25
23.0%
-5.0%
Q1 25
8.0%
-14.5%
Q4 24
Q3 24
9.6%
-6.4%
Q2 24
5.6%
-8.7%
EPS (diluted)
GRNT
GRNT
RBBN
RBBN
Q1 26
$0.50
Q4 25
$-0.19
$0.50
Q3 25
$0.11
$-0.07
Q2 25
$0.19
$-0.06
Q1 25
$0.07
$-0.15
Q4 24
$-0.09
$0.05
Q3 24
$0.07
$-0.08
Q2 24
$0.04
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GRNT
GRNT
RBBN
RBBN
Cash + ST InvestmentsLiquidity on hand
$67.6M
Total DebtLower is stronger
$367.8M
Stockholders' EquityBook value
$605.8M
$419.1M
Total Assets
$1.2B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRNT
GRNT
RBBN
RBBN
Q1 26
$67.6M
Q4 25
$96.4M
Q3 25
$74.8M
Q2 25
$60.5M
Q1 25
$71.2M
Q4 24
$87.8M
Q3 24
$37.2M
Q2 24
$64.6M
Total Debt
GRNT
GRNT
RBBN
RBBN
Q1 26
Q4 25
$367.8M
$342.1M
Q3 25
$300.0M
$344.3M
Q2 25
$275.0M
$346.5M
Q1 25
$250.0M
$347.4M
Q4 24
$205.0M
$348.3M
Q3 24
$349.1M
Q2 24
$350.0M
Stockholders' Equity
GRNT
GRNT
RBBN
RBBN
Q1 26
$419.1M
Q4 25
$605.8M
$449.0M
Q3 25
$643.9M
$360.1M
Q2 25
$642.5M
$370.4M
Q1 25
$631.4M
$381.8M
Q4 24
$635.4M
$404.6M
Q3 24
$660.6M
$395.5M
Q2 24
$665.3M
$405.0M
Total Assets
GRNT
GRNT
RBBN
RBBN
Q1 26
Q4 25
$1.2B
$1.2B
Q3 25
$1.1B
$1.1B
Q2 25
$1.1B
$1.1B
Q1 25
$1.1B
$1.1B
Q4 24
$1.0B
$1.2B
Q3 24
$1.0B
$1.1B
Q2 24
$990.5M
$1.1B
Debt / Equity
GRNT
GRNT
RBBN
RBBN
Q1 26
Q4 25
0.61×
0.76×
Q3 25
0.47×
0.96×
Q2 25
0.43×
0.94×
Q1 25
0.40×
0.91×
Q4 24
0.32×
0.86×
Q3 24
0.88×
Q2 24
0.86×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GRNT
GRNT
RBBN
RBBN
Operating Cash FlowLast quarter
$64.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GRNT
GRNT
RBBN
RBBN
Q1 26
Q4 25
$64.5M
$29.2M
Q3 25
$77.8M
$26.5M
Q2 25
$78.0M
$-795.0K
Q1 25
$76.1M
$-3.5M
Q4 24
$68.2M
$61.8M
Q3 24
$74.7M
$-14.8M
Q2 24
$64.2M
$-9.8M
Free Cash Flow
GRNT
GRNT
RBBN
RBBN
Q1 26
Q4 25
$27.3M
Q3 25
$21.0M
Q2 25
$-6.5M
Q1 25
$-15.7M
Q4 24
$53.8M
Q3 24
$-23.7M
Q2 24
$-12.9M
FCF Margin
GRNT
GRNT
RBBN
RBBN
Q1 26
Q4 25
12.0%
Q3 25
9.7%
Q2 25
-2.9%
Q1 25
-8.7%
Q4 24
21.4%
Q3 24
-11.3%
Q2 24
-6.7%
Capex Intensity
GRNT
GRNT
RBBN
RBBN
Q1 26
Q4 25
0.9%
Q3 25
2.6%
Q2 25
2.6%
Q1 25
6.7%
Q4 24
3.2%
Q3 24
4.2%
Q2 24
1.6%
Cash Conversion
GRNT
GRNT
RBBN
RBBN
Q1 26
Q4 25
Q3 25
5.36×
Q2 25
3.11×
Q1 25
7.75×
Q4 24
Q3 24
8.25×
Q2 24
12.58×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GRNT
GRNT

Oil And Gas Service$87.6M83%
Natural Gas Storage$17.9M17%

RBBN
RBBN

Service$94.5M58%
Product$68.1M42%

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