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Side-by-side financial comparison of HALLADOR ENERGY CO (HNRG) 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 $101.9M, roughly 1.6× HALLADOR ENERGY CO). Ribbon Communications Inc. runs the higher net margin — 54.8% vs -0.2%, a 55.0% gap on every dollar of revenue. On growth, HALLADOR ENERGY CO posted the faster year-over-year revenue change (8.9% vs -10.3%). Over the past eight quarters, HALLADOR ENERGY CO's revenue compounded faster (-4.4% CAGR vs -8.1%).

Hallador Energy Co is a U.S.-based energy firm focused on low-sulfur coal production and electric generation operations. It serves the North American market, supplying coal to utility and industrial clients, and delivering power to regional residential and commercial segments.

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.

HNRG vs RBBN — Head-to-Head

Bigger by revenue
RBBN
RBBN
1.6× larger
RBBN
$162.6M
$101.9M
HNRG
Growing faster (revenue YoY)
HNRG
HNRG
+19.2% gap
HNRG
8.9%
-10.3%
RBBN
Higher net margin
RBBN
RBBN
55.0% more per $
RBBN
54.8%
-0.2%
HNRG
Faster 2-yr revenue CAGR
HNRG
HNRG
Annualised
HNRG
-4.4%
-8.1%
RBBN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HNRG
HNRG
RBBN
RBBN
Revenue
$101.9M
$162.6M
Net Profit
$-240.0K
$89.1M
Gross Margin
42.9%
Operating Margin
6.1%
37.6%
Net Margin
-0.2%
54.8%
Revenue YoY
8.9%
-10.3%
Net Profit YoY
99.9%
EPS (diluted)
$-0.01
$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
HNRG
HNRG
RBBN
RBBN
Q1 26
$162.6M
Q4 25
$101.9M
$227.3M
Q3 25
$146.8M
$215.4M
Q2 25
$102.9M
$220.6M
Q1 25
$117.8M
$181.3M
Q4 24
$93.6M
$251.4M
Q3 24
$105.2M
$210.2M
Q2 24
$93.8M
$192.6M
Net Profit
HNRG
HNRG
RBBN
RBBN
Q1 26
$89.1M
Q4 25
$-240.0K
Q3 25
$23.9M
$-12.1M
Q2 25
$8.2M
$-11.1M
Q1 25
$10.0M
$-26.2M
Q4 24
$-215.8M
Q3 24
$1.6M
$-13.4M
Q2 24
$-10.2M
$-16.8M
Gross Margin
HNRG
HNRG
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
HNRG
HNRG
RBBN
RBBN
Q1 26
37.6%
Q4 25
6.1%
4.1%
Q3 25
19.8%
1.3%
Q2 25
11.5%
1.9%
Q1 25
11.8%
-10.8%
Q4 24
-233.5%
13.2%
Q3 24
4.5%
-0.4%
Q2 24
-7.8%
-1.0%
Net Margin
HNRG
HNRG
RBBN
RBBN
Q1 26
54.8%
Q4 25
-0.2%
Q3 25
16.3%
-5.6%
Q2 25
8.0%
-5.0%
Q1 25
8.5%
-14.5%
Q4 24
-230.5%
Q3 24
1.5%
-6.4%
Q2 24
-10.9%
-8.7%
EPS (diluted)
HNRG
HNRG
RBBN
RBBN
Q1 26
$0.50
Q4 25
$-0.01
$0.50
Q3 25
$0.55
$-0.07
Q2 25
$0.19
$-0.06
Q1 25
$0.23
$-0.15
Q4 24
$-5.44
$0.05
Q3 24
$0.04
$-0.08
Q2 24
$-0.27
$-0.10

Balance Sheet & Financial Strength

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

Metric
HNRG
HNRG
RBBN
RBBN
Cash + ST InvestmentsLiquidity on hand
$10.1M
$67.6M
Total DebtLower is stronger
$29.7M
Stockholders' EquityBook value
$159.8M
$419.1M
Total Assets
$408.1M
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HNRG
HNRG
RBBN
RBBN
Q1 26
$67.6M
Q4 25
$10.1M
$96.4M
Q3 25
$12.7M
$74.8M
Q2 25
$9.2M
$60.5M
Q1 25
$6.9M
$71.2M
Q4 24
$7.2M
$87.8M
Q3 24
$3.8M
$37.2M
Q2 24
$6.4M
$64.6M
Total Debt
HNRG
HNRG
RBBN
RBBN
Q1 26
Q4 25
$29.7M
$342.1M
Q3 25
$42.7M
$344.3M
Q2 25
$43.1M
$346.5M
Q1 25
$21.0M
$347.4M
Q4 24
$41.5M
$348.3M
Q3 24
$67.0M
$349.1M
Q2 24
$42.7M
$350.0M
Stockholders' Equity
HNRG
HNRG
RBBN
RBBN
Q1 26
$419.1M
Q4 25
$159.8M
$449.0M
Q3 25
$146.2M
$360.1M
Q2 25
$122.2M
$370.4M
Q1 25
$115.3M
$381.8M
Q4 24
$104.3M
$404.6M
Q3 24
$318.8M
$395.5M
Q2 24
$316.2M
$405.0M
Total Assets
HNRG
HNRG
RBBN
RBBN
Q1 26
Q4 25
$408.1M
$1.2B
Q3 25
$409.5M
$1.1B
Q2 25
$409.5M
$1.1B
Q1 25
$366.1M
$1.1B
Q4 24
$369.1M
$1.2B
Q3 24
$579.7M
$1.1B
Q2 24
$595.2M
$1.1B
Debt / Equity
HNRG
HNRG
RBBN
RBBN
Q1 26
Q4 25
0.19×
0.76×
Q3 25
0.29×
0.96×
Q2 25
0.35×
0.94×
Q1 25
0.18×
0.91×
Q4 24
0.40×
0.86×
Q3 24
0.21×
0.88×
Q2 24
0.13×
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
HNRG
HNRG
RBBN
RBBN
Operating Cash FlowLast quarter
$8.2M
Free Cash FlowOCF − Capex
$-16.8M
FCF MarginFCF / Revenue
-16.5%
Capex IntensityCapex / Revenue
24.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HNRG
HNRG
RBBN
RBBN
Q1 26
Q4 25
$8.2M
$29.2M
Q3 25
$23.2M
$26.5M
Q2 25
$11.4M
$-795.0K
Q1 25
$38.4M
$-3.5M
Q4 24
$38.9M
$61.8M
Q3 24
$-12.9M
$-14.8M
Q2 24
$23.5M
$-9.8M
Free Cash Flow
HNRG
HNRG
RBBN
RBBN
Q1 26
Q4 25
$-16.8M
$27.3M
Q3 25
$3.7M
$21.0M
Q2 25
$-1.7M
$-6.5M
Q1 25
$26.7M
$-15.7M
Q4 24
$25.2M
$53.8M
Q3 24
$-24.5M
$-23.7M
Q2 24
$10.4M
$-12.9M
FCF Margin
HNRG
HNRG
RBBN
RBBN
Q1 26
Q4 25
-16.5%
12.0%
Q3 25
2.5%
9.7%
Q2 25
-1.6%
-2.9%
Q1 25
22.7%
-8.7%
Q4 24
26.9%
21.4%
Q3 24
-23.3%
-11.3%
Q2 24
11.0%
-6.7%
Capex Intensity
HNRG
HNRG
RBBN
RBBN
Q1 26
Q4 25
24.5%
0.9%
Q3 25
13.3%
2.6%
Q2 25
12.7%
2.6%
Q1 25
9.9%
6.7%
Q4 24
14.7%
3.2%
Q3 24
11.0%
4.2%
Q2 24
14.0%
1.6%
Cash Conversion
HNRG
HNRG
RBBN
RBBN
Q1 26
Q4 25
Q3 25
0.97×
Q2 25
1.38×
Q1 25
3.85×
Q4 24
Q3 24
-8.31×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

HNRG
HNRG

Delivered Energy$58.6M57%
Coal Sales$29.1M29%
Coal Operations$14.4M14%

RBBN
RBBN

Service$94.5M58%
Product$68.1M42%

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