vs
Adeia Inc.（ADEA）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
Adeia Inc.的季度营收约是Ribbon Communications Inc.的1.1倍（$182.6M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 40.4%，领先14.4%），Adeia Inc.同比增速更快（53.3% vs -10.3%），过去两年Adeia Inc.的营收复合增速更高（48.0% vs -8.1%）
Adeia Inc.是一家全球化知识产权授权与创新企业，主营半导体制造、消费电子、媒体分发及智能设备领域的专利技术研发与商业化合作，与全球多家头部科技企业达成授权合作，推动相关行业技术升级。
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。
ADEA vs RBBN — 直观对比
营收规模更大
ADEA
是对方的1.1倍
$162.6M
营收增速更快
ADEA
高出63.6%
-10.3%
净利率更高
RBBN
高出14.4%
40.4%
两年增速更快
ADEA
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $182.6M | $162.6M |
| 净利润 | $73.7M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | 59.5% | 37.6% |
| 净利率 | 40.4% | 54.8% |
| 营收同比 | 53.3% | -10.3% |
| 净利润同比 | 104.6% | — |
| 每股收益（稀释后） | $0.66 | $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ADEARBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $182.6M | $227.3M | ||
| Q3 25 | $87.3M | $215.4M | ||
| Q2 25 | $85.7M | $220.6M | ||
| Q1 25 | $87.7M | $181.3M | ||
| Q4 24 | $119.2M | $251.4M | ||
| Q3 24 | $86.1M | $210.2M | ||
| Q2 24 | $87.3M | $192.6M |
净利润ADEARBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $73.7M | — | ||
| Q3 25 | $8.8M | $-12.1M | ||
| Q2 25 | $16.7M | $-11.1M | ||
| Q1 25 | $11.8M | $-26.2M | ||
| Q4 24 | $36.0M | — | ||
| Q3 24 | $19.3M | $-13.4M | ||
| Q2 24 | $8.4M | $-16.8M |
毛利率ADEARBBN
| 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ADEARBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 59.5% | 4.1% | ||
| Q3 25 | 30.9% | 1.3% | ||
| Q2 25 | 19.1% | 1.9% | ||
| Q1 25 | 26.0% | -10.8% | ||
| Q4 24 | 48.2% | 13.2% | ||
| Q3 24 | 32.7% | -0.4% | ||
| Q2 24 | 27.1% | -1.0% |
净利率ADEARBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 40.4% | — | ||
| Q3 25 | 10.1% | -5.6% | ||
| Q2 25 | 19.5% | -5.0% | ||
| Q1 25 | 13.5% | -14.5% | ||
| Q4 24 | 30.2% | — | ||
| Q3 24 | 22.4% | -6.4% | ||
| Q2 24 | 9.6% | -8.7% |
每股收益（稀释后）ADEARBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.66 | $0.50 | ||
| Q3 25 | $0.08 | $-0.07 | ||
| Q2 25 | $0.15 | $-0.06 | ||
| Q1 25 | $0.10 | $-0.15 | ||
| Q4 24 | $0.32 | $0.05 | ||
| Q3 24 | $0.17 | $-0.08 | ||
| Q2 24 | $0.07 | $-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 | $136.7M | $67.6M |
| 总债务越低越好 | $418.5M | — |
| 股东权益账面价值 | $480.5M | $419.1M |
| 总资产 | $1.0B | — |
| 负债/权益比越低杠杆越低 | 0.87× | — |
8季度趋势，按日历期对齐
现金及短期投资ADEARBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $136.7M | $96.4M | ||
| Q3 25 | $115.1M | $74.8M | ||
| Q2 25 | $116.5M | $60.5M | ||
| Q1 25 | $116.5M | $71.2M | ||
| Q4 24 | $110.4M | $87.8M | ||
| Q3 24 | $89.2M | $37.2M | ||
| Q2 24 | $94.5M | $64.6M |
总债务ADEARBBN
| Q1 26 | — | — | ||
| Q4 25 | $418.5M | $342.1M | ||
| Q3 25 | $438.7M | $344.3M | ||
| Q2 25 | $448.9M | $346.5M | ||
| Q1 25 | $459.2M | $347.4M | ||
| Q4 24 | $475.5M | $348.3M | ||
| Q3 24 | $524.4M | $349.1M | ||
| Q2 24 | $535.6M | $350.0M |
股东权益ADEARBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $480.5M | $449.0M | ||
| Q3 25 | $413.7M | $360.1M | ||
| Q2 25 | $402.9M | $370.4M | ||
| Q1 25 | $389.5M | $381.8M | ||
| Q4 24 | $396.6M | $404.6M | ||
| Q3 24 | $378.2M | $395.5M | ||
| Q2 24 | $359.1M | $405.0M |
总资产ADEARBBN
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B |
负债/权益比ADEARBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | 0.76× | ||
| Q3 25 | 1.06× | 0.96× | ||
| Q2 25 | 1.11× | 0.94× | ||
| Q1 25 | 1.18× | 0.91× | ||
| Q4 24 | 1.20× | 0.86× | ||
| Q3 24 | 1.39× | 0.88× | ||
| Q2 24 | 1.49× | 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 | $60.0M | — |
| 自由现金流经营现金流 - 资本支出 | $59.4M | — |
| 自由现金流率自由现金流/营收 | 32.5% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | 0.81× | — |
| 过去12个月自由现金流最近4个季度 | $156.3M | — |
8季度趋势，按日历期对齐
经营现金流ADEARBBN
| Q1 26 | — | — | ||
| Q4 25 | $60.0M | $29.2M | ||
| Q3 25 | $17.8M | $26.5M | ||
| Q2 25 | $23.1M | $-795.0K | ||
| Q1 25 | $57.1M | $-3.5M | ||
| Q4 24 | $107.5M | $61.8M | ||
| Q3 24 | $14.3M | $-14.8M | ||
| Q2 24 | $23.5M | $-9.8M |
自由现金流ADEARBBN
| Q1 26 | — | — | ||
| Q4 25 | $59.4M | $27.3M | ||
| Q3 25 | $17.0M | $21.0M | ||
| Q2 25 | $22.9M | $-6.5M | ||
| Q1 25 | $56.9M | $-15.7M | ||
| Q4 24 | $106.9M | $53.8M | ||
| Q3 24 | $14.3M | $-23.7M | ||
| Q2 24 | $23.0M | $-12.9M |
自由现金流率ADEARBBN
| Q1 26 | — | — | ||
| Q4 25 | 32.5% | 12.0% | ||
| Q3 25 | 19.5% | 9.7% | ||
| Q2 25 | 26.7% | -2.9% | ||
| Q1 25 | 64.9% | -8.7% | ||
| Q4 24 | 89.7% | 21.4% | ||
| Q3 24 | 16.6% | -11.3% | ||
| Q2 24 | 26.4% | -6.7% |
资本支出强度ADEARBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 0.9% | ||
| Q3 25 | 0.9% | 2.6% | ||
| Q2 25 | 0.2% | 2.6% | ||
| Q1 25 | 0.3% | 6.7% | ||
| Q4 24 | 0.5% | 3.2% | ||
| Q3 24 | 0.1% | 4.2% | ||
| Q2 24 | 0.5% | 1.6% |
现金转化率ADEARBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | — | ||
| Q3 25 | 2.02× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 4.84× | — | ||
| Q4 24 | 2.98× | — | ||
| Q3 24 | 0.74× | — | ||
| Q2 24 | 2.80× | — |
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
ADEA
| Media Platform | $172.9M | 95% |
| Semiconductor | $9.7M | 5% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
