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ADTRAN Holdings, Inc.（ADTN）与LiveRamp Holdings, Inc.（RAMP）财务数据对比。点击上方公司名可切换其他公司
ADTRAN Holdings, Inc.的季度营收约是LiveRamp Holdings, Inc.的1.4倍（$291.6M vs $212.2M），LiveRamp Holdings, Inc.净利率更高（18.8% vs -1.2%，领先20.0%），ADTRAN Holdings, Inc.同比增速更快（20.1% vs 8.6%），过去两年ADTRAN Holdings, Inc.的营收复合增速更高（13.5% vs 11.1%）
ADTRAN Holdings, Inc.是一家总部位于美国阿拉巴马州亨茨维尔的光纤网络与电信企业，主要面向通信服务商、政府机构、企业及公共事业单位，供应面向住宅用户与企业级的网络硬件设备，同时提供用于网络管理与部署的管理软件。
LiveRamp Holdings, Inc.是一家美国SaaS企业，核心业务为提供数据连接平台，服务涵盖数据导入、线下数据线上迁移等能力，助力企业开展营销相关的数据应用，为品牌及营销从业者的数字化运营提供技术支撑。
ADTN vs RAMP — 直观对比
营收规模更大
ADTN
是对方的1.4倍
$212.2M
营收增速更快
ADTN
高出11.5%
8.6%
净利率更高
RAMP
高出20.0%
-1.2%
两年增速更快
ADTN
近两年复合增速
11.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $291.6M | $212.2M |
| 净利润 | $-3.6M | $39.9M |
| 毛利率 | 39.0% | 71.9% |
| 营业利润率 | 1.5% | 18.6% |
| 净利率 | -1.2% | 18.8% |
| 营收同比 | 20.1% | 8.6% |
| 净利润同比 | 92.2% | 255.7% |
| 每股收益（稀释后） | $-0.02 | $0.62 |
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ADTNRAMP
| Q4 25 | $291.6M | $212.2M | ||
| Q3 25 | $279.4M | $199.8M | ||
| Q2 25 | $265.1M | $194.8M | ||
| Q1 25 | $247.7M | $188.7M | ||
| Q4 24 | $242.9M | $195.4M | ||
| Q3 24 | $227.7M | $185.5M | ||
| Q2 24 | $226.0M | $176.0M | ||
| Q1 24 | $226.2M | $171.9M |
净利润ADTNRAMP
| Q4 25 | $-3.6M | $39.9M | ||
| Q3 25 | $-10.3M | $27.4M | ||
| Q2 25 | $-20.5M | $7.7M | ||
| Q1 25 | $-11.3M | $-6.3M | ||
| Q4 24 | $-46.1M | $11.2M | ||
| Q3 24 | $-33.3M | $1.7M | ||
| Q2 24 | $-49.7M | $-7.5M | ||
| Q1 24 | $-330.8M | $-5.4M |
毛利率ADTNRAMP
| Q4 25 | 39.0% | 71.9% | ||
| Q3 25 | 38.3% | 70.2% | ||
| Q2 25 | 37.3% | 70.1% | ||
| Q1 25 | 38.4% | 69.3% | ||
| Q4 24 | 36.9% | 71.9% | ||
| Q3 24 | 36.5% | 72.4% | ||
| Q2 24 | 36.0% | 70.6% | ||
| Q1 24 | 31.1% | 72.2% |
营业利润率ADTNRAMP
| Q4 25 | 1.5% | 18.6% | ||
| Q3 25 | -1.0% | 10.7% | ||
| Q2 25 | -5.0% | 3.7% | ||
| Q1 25 | -1.6% | -6.1% | ||
| Q4 24 | -6.9% | 7.5% | ||
| Q3 24 | -11.5% | 4.0% | ||
| Q2 24 | -17.0% | -3.0% | ||
| Q1 24 | -153.1% | -8.3% |
净利率ADTNRAMP
| Q4 25 | -1.2% | 18.8% | ||
| Q3 25 | -3.7% | 13.7% | ||
| Q2 25 | -7.7% | 4.0% | ||
| Q1 25 | -4.5% | -3.3% | ||
| Q4 24 | -19.0% | 5.7% | ||
| Q3 24 | -14.6% | 0.9% | ||
| Q2 24 | -22.0% | -4.3% | ||
| Q1 24 | -146.2% | -3.1% |
每股收益（稀释后）ADTNRAMP
| Q4 25 | $-0.02 | $0.62 | ||
| Q3 25 | $-0.12 | $0.42 | ||
| Q2 25 | $-0.24 | $0.12 | ||
| Q1 25 | $-0.14 | $-0.10 | ||
| Q4 24 | $-0.58 | $0.17 | ||
| Q3 24 | $-0.38 | $0.03 | ||
| Q2 24 | $-0.63 | $-0.11 | ||
| Q1 24 | $-4.20 | $-0.09 |
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 | $95.7M | $403.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $145.8M | $962.3M |
| 总资产 | $1.2B | $1.3B |
| 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ADTNRAMP
| Q4 25 | $95.7M | $403.4M | ||
| Q3 25 | $93.7M | $376.9M | ||
| Q2 25 | $106.3M | $371.1M | ||
| Q1 25 | $101.3M | $420.8M | ||
| Q4 24 | $76.0M | $384.3M | ||
| Q3 24 | $88.5M | $348.4M | ||
| Q2 24 | $111.2M | $342.7M | ||
| Q1 24 | $106.8M | $368.9M |
股东权益ADTNRAMP
| Q4 25 | $145.8M | $962.3M | ||
| Q3 25 | $141.6M | $943.8M | ||
| Q2 25 | $169.6M | $947.8M | ||
| Q1 25 | $138.9M | $948.9M | ||
| Q4 24 | $127.0M | $957.7M | ||
| Q3 24 | $205.6M | $932.1M | ||
| Q2 24 | $213.6M | $951.9M | ||
| Q1 24 | $260.8M | $949.1M |
总资产ADTNRAMP
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.3B | $1.2B |
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 | $42.2M | — |
| 自由现金流经营现金流 - 资本支出 | $30.6M | — |
| 自由现金流率自由现金流/营收 | 10.5% | — |
| 资本支出强度资本支出/营收 | 4.0% | 0.1% |
| 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 | $98.0M | — |
8季度趋势，按日历期对齐
经营现金流ADTNRAMP
| Q4 25 | $42.2M | — | ||
| Q3 25 | $12.2M | $57.4M | ||
| Q2 25 | $32.2M | $-15.8M | ||
| Q1 25 | $43.2M | — | ||
| Q4 24 | $2.4M | $45.1M | ||
| Q3 24 | $43.3M | $55.6M | ||
| Q2 24 | $19.9M | $-9.3M | ||
| Q1 24 | $37.9M | — |
自由现金流ADTNRAMP
| Q4 25 | $30.6M | — | ||
| Q3 25 | $4.2M | $56.8M | ||
| Q2 25 | $27.5M | $-16.2M | ||
| Q1 25 | $35.8M | — | ||
| Q4 24 | $-895.0K | $44.8M | ||
| Q3 24 | $37.1M | $55.4M | ||
| Q2 24 | $8.4M | $-9.6M | ||
| Q1 24 | $24.4M | — |
自由现金流率ADTNRAMP
| Q4 25 | 10.5% | — | ||
| Q3 25 | 1.5% | 28.4% | ||
| Q2 25 | 10.4% | -8.3% | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | -0.4% | 22.9% | ||
| Q3 24 | 16.3% | 29.8% | ||
| Q2 24 | 3.7% | -5.4% | ||
| Q1 24 | 10.8% | — |
资本支出强度ADTNRAMP
| Q4 25 | 4.0% | 0.1% | ||
| Q3 25 | 2.9% | 0.3% | ||
| Q2 25 | 1.8% | 0.2% | ||
| Q1 25 | 3.0% | 0.2% | ||
| Q4 24 | 1.4% | 0.1% | ||
| Q3 24 | 2.7% | 0.1% | ||
| Q2 24 | 5.1% | 0.1% | ||
| Q1 24 | 6.0% | 1.0% |
现金转化率ADTNRAMP
| Q4 25 | — | — | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 32.10× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
ADTN
| Subscriber Solutions | $96.2M | 33% |
| Optical Networking Solutions | $81.8M | 28% |
| Access Aggregation Solutions | $64.6M | 22% |
| Services And Support | $48.9M | 17% |
RAMP
暂无分部数据
