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Side-by-side financial comparison of Navigator Holdings Ltd. (NVGS) 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 $129.6M, roughly 1.3× Navigator Holdings Ltd.). Ribbon Communications Inc. runs the higher net margin — 54.8% vs 16.5%, a 38.2% gap on every dollar of revenue. On growth, Ribbon Communications Inc. posted the faster year-over-year revenue change (-10.3% vs -11.6%).

Navigator Holdings Ltd. is a global maritime transport firm specializing in liquefied gas carrier operations. It offers seaborne transport for liquefied petroleum gas, ammonia, ethylene and other specialty liquefied gases, serving clients across the global energy, petrochemical and industrial manufacturing sectors.

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.

NVGS vs RBBN — Head-to-Head

Bigger by revenue
RBBN
RBBN
1.3× larger
RBBN
$162.6M
$129.6M
NVGS
Growing faster (revenue YoY)
RBBN
RBBN
+1.3% gap
RBBN
-10.3%
-11.6%
NVGS
Higher net margin
RBBN
RBBN
38.2% more per $
RBBN
54.8%
16.5%
NVGS

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
NVGS
NVGS
RBBN
RBBN
Revenue
$129.6M
$162.6M
Net Profit
$21.5M
$89.1M
Gross Margin
42.9%
Operating Margin
15.8%
37.6%
Net Margin
16.5%
54.8%
Revenue YoY
-11.6%
-10.3%
Net Profit YoY
-7.7%
EPS (diluted)
$0.31
$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
NVGS
NVGS
RBBN
RBBN
Q1 26
$162.6M
Q4 25
$227.3M
Q3 25
$215.4M
Q2 25
$129.6M
$220.6M
Q1 25
$181.3M
Q4 24
$251.4M
Q3 24
$210.2M
Q2 24
$146.7M
$192.6M
Net Profit
NVGS
NVGS
RBBN
RBBN
Q1 26
$89.1M
Q4 25
Q3 25
$-12.1M
Q2 25
$21.5M
$-11.1M
Q1 25
$-26.2M
Q4 24
Q3 24
$-13.4M
Q2 24
$23.2M
$-16.8M
Gross Margin
NVGS
NVGS
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
NVGS
NVGS
RBBN
RBBN
Q1 26
37.6%
Q4 25
4.1%
Q3 25
1.3%
Q2 25
15.8%
1.9%
Q1 25
-10.8%
Q4 24
13.2%
Q3 24
-0.4%
Q2 24
26.9%
-1.0%
Net Margin
NVGS
NVGS
RBBN
RBBN
Q1 26
54.8%
Q4 25
Q3 25
-5.6%
Q2 25
16.5%
-5.0%
Q1 25
-14.5%
Q4 24
Q3 24
-6.4%
Q2 24
15.8%
-8.7%
EPS (diluted)
NVGS
NVGS
RBBN
RBBN
Q1 26
$0.50
Q4 25
$0.50
Q3 25
$-0.07
Q2 25
$0.31
$-0.06
Q1 25
$-0.15
Q4 24
$0.05
Q3 24
$-0.08
Q2 24
$0.32
$-0.10

Balance Sheet & Financial Strength

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

Metric
NVGS
NVGS
RBBN
RBBN
Cash + ST InvestmentsLiquidity on hand
$238.1M
$67.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$419.1M
Total Assets
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVGS
NVGS
RBBN
RBBN
Q1 26
$67.6M
Q4 25
$96.4M
Q3 25
$74.8M
Q2 25
$238.1M
$60.5M
Q1 25
$71.2M
Q4 24
$87.8M
Q3 24
$37.2M
Q2 24
$64.6M
Total Debt
NVGS
NVGS
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
NVGS
NVGS
RBBN
RBBN
Q1 26
$419.1M
Q4 25
$449.0M
Q3 25
$360.1M
Q2 25
$1.2B
$370.4M
Q1 25
$381.8M
Q4 24
$404.6M
Q3 24
$395.5M
Q2 24
$1.2B
$405.0M
Total Assets
NVGS
NVGS
RBBN
RBBN
Q1 26
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$2.4B
$1.1B
Q1 25
$1.1B
Q4 24
$1.2B
Q3 24
$1.1B
Q2 24
$2.1B
$1.1B
Debt / Equity
NVGS
NVGS
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×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NVGS
NVGS

Time Charters$91.5M71%
Voyage Charters$25.7M20%
Other$12.4M10%

RBBN
RBBN

Service$94.5M58%
Product$68.1M42%

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