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Side-by-side financial comparison of INFINITY NATURAL RESOURCES, INC. (INR) 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 $115.5M, roughly 1.4× INFINITY NATURAL RESOURCES, INC.). Ribbon Communications Inc. runs the higher net margin — 54.8% vs 17.3%, a 37.4% gap on every dollar of revenue.

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.

INR vs RBBN — Head-to-Head

Bigger by revenue
RBBN
RBBN
1.4× larger
RBBN
$162.6M
$115.5M
INR
Higher net margin
RBBN
RBBN
37.4% more per $
RBBN
54.8%
17.3%
INR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
INR
INR
RBBN
RBBN
Revenue
$115.5M
$162.6M
Net Profit
$20.0M
$89.1M
Gross Margin
42.9%
Operating Margin
47.0%
37.6%
Net Margin
17.3%
54.8%
Revenue YoY
-10.3%
Net Profit YoY
EPS (diluted)
$1.33
$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
INR
INR
RBBN
RBBN
Q1 26
$162.6M
Q4 25
$115.5M
$227.3M
Q3 25
$78.3M
$215.4M
Q2 25
$72.5M
$220.6M
Q1 25
$84.2M
$181.3M
Q4 24
$251.4M
Q3 24
$210.2M
Q2 24
$192.6M
Net Profit
INR
INR
RBBN
RBBN
Q1 26
$89.1M
Q4 25
$20.0M
Q3 25
$10.4M
$-12.1M
Q2 25
$18.0M
$-11.1M
Q1 25
$-34.6M
$-26.2M
Q4 24
Q3 24
$-13.4M
Q2 24
$-16.8M
Gross Margin
INR
INR
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
INR
INR
RBBN
RBBN
Q1 26
37.6%
Q4 25
47.0%
4.1%
Q3 25
30.5%
1.3%
Q2 25
29.9%
1.9%
Q1 25
-104.5%
-10.8%
Q4 24
13.2%
Q3 24
-0.4%
Q2 24
-1.0%
Net Margin
INR
INR
RBBN
RBBN
Q1 26
54.8%
Q4 25
17.3%
Q3 25
13.3%
-5.6%
Q2 25
24.8%
-5.0%
Q1 25
-41.1%
-14.5%
Q4 24
Q3 24
-6.4%
Q2 24
-8.7%
EPS (diluted)
INR
INR
RBBN
RBBN
Q1 26
$0.50
Q4 25
$1.33
$0.50
Q3 25
$0.65
$-0.07
Q2 25
$1.18
$-0.06
Q1 25
$-2.27
$-0.15
Q4 24
$0.05
Q3 24
$-0.08
Q2 24
$-0.10

Balance Sheet & Financial Strength

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

Metric
INR
INR
RBBN
RBBN
Cash + ST InvestmentsLiquidity on hand
$2.8M
$67.6M
Total DebtLower is stronger
$55.0K
Stockholders' EquityBook value
$307.1M
$419.1M
Total Assets
$1.2B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INR
INR
RBBN
RBBN
Q1 26
$67.6M
Q4 25
$2.8M
$96.4M
Q3 25
$4.6M
$74.8M
Q2 25
$6.3M
$60.5M
Q1 25
$4.9M
$71.2M
Q4 24
$87.8M
Q3 24
$37.2M
Q2 24
$64.6M
Total Debt
INR
INR
RBBN
RBBN
Q1 26
Q4 25
$55.0K
$342.1M
Q3 25
$344.3M
Q2 25
$346.5M
Q1 25
$123.0K
$347.4M
Q4 24
$348.3M
Q3 24
$349.1M
Q2 24
$350.0M
Stockholders' Equity
INR
INR
RBBN
RBBN
Q1 26
$419.1M
Q4 25
$307.1M
$449.0M
Q3 25
$288.6M
$360.1M
Q2 25
$10.1M
$370.4M
Q1 25
$-52.2M
$381.8M
Q4 24
$404.6M
Q3 24
$395.5M
Q2 24
$405.0M
Total Assets
INR
INR
RBBN
RBBN
Q1 26
Q4 25
$1.2B
$1.2B
Q3 25
$1.1B
$1.1B
Q2 25
$1.0B
$1.1B
Q1 25
$953.9M
$1.1B
Q4 24
$1.2B
Q3 24
$1.1B
Q2 24
$1.1B
Debt / Equity
INR
INR
RBBN
RBBN
Q1 26
Q4 25
0.00×
0.76×
Q3 25
0.96×
Q2 25
0.94×
Q1 25
0.91×
Q4 24
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
INR
INR
RBBN
RBBN
Operating Cash FlowLast quarter
$75.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.75×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INR
INR
RBBN
RBBN
Q1 26
Q4 25
$75.1M
$29.2M
Q3 25
$42.1M
$26.5M
Q2 25
$70.4M
$-795.0K
Q1 25
$74.2M
$-3.5M
Q4 24
$61.8M
Q3 24
$-14.8M
Q2 24
$-9.8M
Free Cash Flow
INR
INR
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
INR
INR
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
INR
INR
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
INR
INR
RBBN
RBBN
Q1 26
Q4 25
3.75×
Q3 25
4.04×
Q2 25
3.91×
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

INR
INR

Oil Reserves$54.0M47%
Natural Gas Reserves$46.8M41%
Natural Gas Liquids Reserves$14.7M13%

RBBN
RBBN

Service$94.5M58%
Product$68.1M42%

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