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ACV Auctions Inc.（ACVA）与Ribbon Communications Inc.（RBBN）财务数据对比。点击上方公司名可切换其他公司
ACV Auctions Inc.的季度营收约是Ribbon Communications Inc.的1.1倍（$183.6M vs $162.6M），ACV Auctions Inc.同比增速更快（15.1% vs -10.3%），过去两年ACV Auctions Inc.的营收复合增速更高（12.3% vs -8.1%）
ACV Auctions Inc.是北美领先的数字化二手车批发拍卖平台，主要服务美加两地汽车经销商，提供车辆透明检测、安全支付、物流配送等全链条服务，助力注册批发买卖双方无需线下到场即可高效完成二手车交易。
睿宾通信公司（Ribbon Communications Inc.）主要为电信运营商、企业及关键基础设施领域提供软件、IP与光网络解决方案。公司于2017年由Genband与Sonus Networks合并成立，总部位于美国得克萨斯州普莱诺，是一家上市科技企业。
ACVA vs RBBN — 直观对比
营收规模更大
ACVA
是对方的1.1倍
$162.6M
营收增速更快
ACVA
高出25.4%
-10.3%
两年增速更快
ACVA
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $183.6M | $162.6M |
| 净利润 | — | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | -9.7% | 37.6% |
| 净利率 | — | 54.8% |
| 营收同比 | 15.1% | -10.3% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.12 | $0.50 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ACVARBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $183.6M | $227.3M | ||
| Q3 25 | $199.6M | $215.4M | ||
| Q2 25 | $193.7M | $220.6M | ||
| Q1 25 | $182.7M | $181.3M | ||
| Q4 24 | $159.5M | $251.4M | ||
| Q3 24 | $171.3M | $210.2M | ||
| Q2 24 | $160.6M | $192.6M |
净利润ACVARBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | $-24.5M | $-12.1M | ||
| Q2 25 | $-7.3M | $-11.1M | ||
| Q1 25 | $-14.8M | $-26.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-16.0M | $-13.4M | ||
| Q2 24 | $-17.1M | $-16.8M |
毛利率ACVARBBN
| 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% |
营业利润率ACVARBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | -9.7% | 4.1% | ||
| Q3 25 | -11.9% | 1.3% | ||
| Q2 25 | -3.7% | 1.9% | ||
| Q1 25 | -7.9% | -10.8% | ||
| Q4 24 | -16.2% | 13.2% | ||
| Q3 24 | -10.0% | -0.4% | ||
| Q2 24 | -11.6% | -1.0% |
净利率ACVARBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | -12.3% | -5.6% | ||
| Q2 25 | -3.8% | -5.0% | ||
| Q1 25 | -8.1% | -14.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | -9.4% | -6.4% | ||
| Q2 24 | -10.6% | -8.7% |
每股收益（稀释后）ACVARBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-0.12 | $0.50 | ||
| Q3 25 | $-0.14 | $-0.07 | ||
| Q2 25 | $-0.04 | $-0.06 | ||
| Q1 25 | $-0.09 | $-0.15 | ||
| Q4 24 | $-0.15 | $0.05 | ||
| Q3 24 | $-0.10 | $-0.08 | ||
| Q2 24 | $-0.10 | $-0.10 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $271.5M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $429.7M | $419.1M |
| 总资产 | $1.1B | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ACVARBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $271.5M | $96.4M | ||
| Q3 25 | $265.3M | $74.8M | ||
| Q2 25 | $258.4M | $60.5M | ||
| Q1 25 | $291.9M | $71.2M | ||
| Q4 24 | $224.1M | $87.8M | ||
| Q3 24 | $252.5M | $37.2M | ||
| Q2 24 | $215.0M | $64.6M |
总债务ACVARBBN
| 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 |
股东权益ACVARBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $429.7M | $449.0M | ||
| Q3 25 | $434.4M | $360.1M | ||
| Q2 25 | $448.8M | $370.4M | ||
| Q1 25 | $439.6M | $381.8M | ||
| Q4 24 | $440.0M | $404.6M | ||
| Q3 24 | $456.2M | $395.5M | ||
| Q2 24 | $457.6M | $405.0M |
总资产ACVARBBN
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $984.1M | $1.2B | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $1.0B | $1.1B |
负债/权益比ACVARBBN
| 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× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-12.4M | — |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | — |
| 自由现金流率自由现金流/营收 | -8.0% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $69.1M | — |
8季度趋势，按日历期对齐
经营现金流ACVARBBN
| Q1 26 | — | — | ||
| Q4 25 | $-12.4M | $29.2M | ||
| Q3 25 | $10.3M | $26.5M | ||
| Q2 25 | $13.7M | $-795.0K | ||
| Q1 25 | $66.6M | $-3.5M | ||
| Q4 24 | $-3.2M | $61.8M | ||
| Q3 24 | $21.1M | $-14.8M | ||
| Q2 24 | $4.5M | $-9.8M |
自由现金流ACVARBBN
| Q1 26 | — | — | ||
| Q4 25 | $-14.7M | $27.3M | ||
| Q3 25 | $7.7M | $21.0M | ||
| Q2 25 | $10.9M | $-6.5M | ||
| Q1 25 | $65.3M | $-15.7M | ||
| Q4 24 | $-3.9M | $53.8M | ||
| Q3 24 | $20.2M | $-23.7M | ||
| Q2 24 | $2.7M | $-12.9M |
自由现金流率ACVARBBN
| Q1 26 | — | — | ||
| Q4 25 | -8.0% | 12.0% | ||
| Q3 25 | 3.8% | 9.7% | ||
| Q2 25 | 5.6% | -2.9% | ||
| Q1 25 | 35.7% | -8.7% | ||
| Q4 24 | -2.5% | 21.4% | ||
| Q3 24 | 11.8% | -11.3% | ||
| Q2 24 | 1.7% | -6.7% |
资本支出强度ACVARBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 0.9% | ||
| Q3 25 | 1.3% | 2.6% | ||
| Q2 25 | 1.5% | 2.6% | ||
| Q1 25 | 0.7% | 6.7% | ||
| Q4 24 | 0.4% | 3.2% | ||
| Q3 24 | 0.6% | 4.2% | ||
| Q2 24 | 1.1% | 1.6% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
