vs

Side-by-side financial comparison of KILROY REALTY CORP (KRC) and Ribbon Communications Inc. (RBBN). Click either name above to swap in a different company.

KILROY REALTY CORP is the larger business by last-quarter revenue ($272.2M vs $162.6M, roughly 1.7× Ribbon Communications Inc.). Ribbon Communications Inc. runs the higher net margin — 54.8% vs 6.3%, a 48.5% gap on every dollar of revenue. On growth, KILROY REALTY CORP posted the faster year-over-year revenue change (-5.0% vs -10.3%). Over the past eight quarters, KILROY REALTY CORP's revenue compounded faster (-1.2% CAGR vs -8.1%).

Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.

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.

KRC vs RBBN — Head-to-Head

Bigger by revenue
KRC
KRC
1.7× larger
KRC
$272.2M
$162.6M
RBBN
Growing faster (revenue YoY)
KRC
KRC
+5.3% gap
KRC
-5.0%
-10.3%
RBBN
Higher net margin
RBBN
RBBN
48.5% more per $
RBBN
54.8%
6.3%
KRC
Faster 2-yr revenue CAGR
KRC
KRC
Annualised
KRC
-1.2%
-8.1%
RBBN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KRC
KRC
RBBN
RBBN
Revenue
$272.2M
$162.6M
Net Profit
$17.1M
$89.1M
Gross Margin
42.9%
Operating Margin
37.6%
Net Margin
6.3%
54.8%
Revenue YoY
-5.0%
-10.3%
Net Profit YoY
-73.7%
EPS (diluted)
$0.11
$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
KRC
KRC
RBBN
RBBN
Q1 26
$162.6M
Q4 25
$272.2M
$227.3M
Q3 25
$279.7M
$215.4M
Q2 25
$289.9M
$220.6M
Q1 25
$270.8M
$181.3M
Q4 24
$286.4M
$251.4M
Q3 24
$289.9M
$210.2M
Q2 24
$280.7M
$192.6M
Net Profit
KRC
KRC
RBBN
RBBN
Q1 26
$89.1M
Q4 25
$17.1M
Q3 25
$162.3M
$-12.1M
Q2 25
$79.6M
$-11.1M
Q1 25
$43.7M
$-26.2M
Q4 24
$65.0M
Q3 24
$57.7M
$-13.4M
Q2 24
$54.5M
$-16.8M
Gross Margin
KRC
KRC
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
KRC
KRC
RBBN
RBBN
Q1 26
37.6%
Q4 25
4.1%
Q3 25
1.3%
Q2 25
1.9%
Q1 25
-10.8%
Q4 24
13.2%
Q3 24
-0.4%
Q2 24
-1.0%
Net Margin
KRC
KRC
RBBN
RBBN
Q1 26
54.8%
Q4 25
6.3%
Q3 25
58.0%
-5.6%
Q2 25
27.4%
-5.0%
Q1 25
16.1%
-14.5%
Q4 24
22.7%
Q3 24
19.9%
-6.4%
Q2 24
19.4%
-8.7%
EPS (diluted)
KRC
KRC
RBBN
RBBN
Q1 26
$0.50
Q4 25
$0.11
$0.50
Q3 25
$1.31
$-0.07
Q2 25
$0.57
$-0.06
Q1 25
$0.33
$-0.15
Q4 24
$0.50
$0.05
Q3 24
$0.44
$-0.08
Q2 24
$0.41
$-0.10

Balance Sheet & Financial Strength

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

Metric
KRC
KRC
RBBN
RBBN
Cash + ST InvestmentsLiquidity on hand
$179.3M
$67.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.4B
$419.1M
Total Assets
$10.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRC
KRC
RBBN
RBBN
Q1 26
$67.6M
Q4 25
$179.3M
$96.4M
Q3 25
$372.4M
$74.8M
Q2 25
$193.1M
$60.5M
Q1 25
$146.7M
$71.2M
Q4 24
$165.7M
$87.8M
Q3 24
$625.4M
$37.2M
Q2 24
$835.9M
$64.6M
Total Debt
KRC
KRC
RBBN
RBBN
Q1 26
Q4 25
$342.1M
Q3 25
$344.3M
Q2 25
$346.5M
Q1 25
$347.4M
Q4 24
$348.3M
Q3 24
$349.1M
Q2 24
$350.0M
Stockholders' Equity
KRC
KRC
RBBN
RBBN
Q1 26
$419.1M
Q4 25
$5.4B
$449.0M
Q3 25
$5.5B
$360.1M
Q2 25
$5.4B
$370.4M
Q1 25
$5.4B
$381.8M
Q4 24
$5.4B
$404.6M
Q3 24
$5.4B
$395.5M
Q2 24
$5.4B
$405.0M
Total Assets
KRC
KRC
RBBN
RBBN
Q1 26
Q4 25
$10.9B
$1.2B
Q3 25
$11.0B
$1.1B
Q2 25
$10.9B
$1.1B
Q1 25
$10.9B
$1.1B
Q4 24
$10.9B
$1.2B
Q3 24
$11.4B
$1.1B
Q2 24
$11.5B
$1.1B
Debt / Equity
KRC
KRC
RBBN
RBBN
Q1 26
Q4 25
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
KRC
KRC
RBBN
RBBN
Operating Cash FlowLast quarter
$566.3M
Free Cash FlowOCF − Capex
$450.3M
FCF MarginFCF / Revenue
165.4%
Capex IntensityCapex / Revenue
42.6%
Cash ConversionOCF / Net Profit
33.10×
TTM Free Cash FlowTrailing 4 quarters
$833.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRC
KRC
RBBN
RBBN
Q1 26
Q4 25
$566.3M
$29.2M
Q3 25
$176.6M
$26.5M
Q2 25
$143.7M
$-795.0K
Q1 25
$136.9M
$-3.5M
Q4 24
$541.1M
$61.8M
Q3 24
$176.3M
$-14.8M
Q2 24
$88.7M
$-9.8M
Free Cash Flow
KRC
KRC
RBBN
RBBN
Q1 26
Q4 25
$450.3M
$27.3M
Q3 25
$148.7M
$21.0M
Q2 25
$118.4M
$-6.5M
Q1 25
$115.6M
$-15.7M
Q4 24
$440.8M
$53.8M
Q3 24
$147.2M
$-23.7M
Q2 24
$69.5M
$-12.9M
FCF Margin
KRC
KRC
RBBN
RBBN
Q1 26
Q4 25
165.4%
12.0%
Q3 25
53.1%
9.7%
Q2 25
40.9%
-2.9%
Q1 25
42.7%
-8.7%
Q4 24
153.9%
21.4%
Q3 24
50.8%
-11.3%
Q2 24
24.7%
-6.7%
Capex Intensity
KRC
KRC
RBBN
RBBN
Q1 26
Q4 25
42.6%
0.9%
Q3 25
10.0%
2.6%
Q2 25
8.7%
2.6%
Q1 25
7.9%
6.7%
Q4 24
35.0%
3.2%
Q3 24
10.1%
4.2%
Q2 24
6.8%
1.6%
Cash Conversion
KRC
KRC
RBBN
RBBN
Q1 26
Q4 25
33.10×
Q3 25
1.09×
Q2 25
1.81×
Q1 25
3.13×
Q4 24
8.32×
Q3 24
3.06×
Q2 24
1.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KRC
KRC

Segment breakdown not available.

RBBN
RBBN

Service$94.5M58%
Product$68.1M42%

Related Comparisons