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ADTRAN Holdings, Inc.（ADTN）与Rapid7, Inc.（RPD）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Rapid7, Inc.的1.3倍（$291.6M vs $217.4M），Rapid7, Inc.净利率更高（1.4% vs -1.2%，领先2.7%），ADTRAN Holdings, Inc.同比增速更快（20.1% vs 0.5%），Rapid7, Inc.自由现金流更多（$36.4M vs $30.6M），过去两年ADTRAN Holdings, Inc.的营收复合增速更高（13.5% vs 3.0%）
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。
Rapid7是全球领先的网络安全企业，提供漏洞管理、威胁检测与响应、云安全、安全分析等全系列安全解决方案，服务全球科技、医疗、金融、制造等行业的各类规模企业及公共部门客户，助力客户高效识别、应对和缓解网络安全风险。
ADTN vs RPD — 直观对比
营收规模更大
ADTN
是对方的1.3倍
$217.4M
营收增速更快
ADTN
高出19.5%
0.5%
净利率更高
RPD
高出2.7%
-1.2%
自由现金流更多
RPD
多$5.9M
$30.6M
两年增速更快
ADTN
近两年复合增速
3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $291.6M | $217.4M |
| 净利润 | $-3.6M | $3.1M |
| 毛利率 | 39.0% | 68.9% |
| 营业利润率 | 1.5% | 1.0% |
| 净利率 | -1.2% | 1.4% |
| 营收同比 | 20.1% | 0.5% |
| 净利润同比 | 92.2% | 44.1% |
| 每股收益（稀释后） | $-0.02 | $0.05 |
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ADTNRPD
| Q4 25 | $291.6M | $217.4M | ||
| Q3 25 | $279.4M | $218.0M | ||
| Q2 25 | $265.1M | $214.2M | ||
| Q1 25 | $247.7M | $210.3M | ||
| Q4 24 | $242.9M | $216.3M | ||
| Q3 24 | $227.7M | $214.7M | ||
| Q2 24 | $226.0M | $208.0M | ||
| Q1 24 | $226.2M | $205.1M |
净利润ADTNRPD
| Q4 25 | $-3.6M | $3.1M | ||
| Q3 25 | $-10.3M | $9.8M | ||
| Q2 25 | $-20.5M | $8.3M | ||
| Q1 25 | $-11.3M | $2.1M | ||
| Q4 24 | $-46.1M | $2.2M | ||
| Q3 24 | $-33.3M | $15.4M | ||
| Q2 24 | $-49.7M | $6.5M | ||
| Q1 24 | $-330.8M | $1.4M |
毛利率ADTNRPD
| Q4 25 | 39.0% | 68.9% | ||
| Q3 25 | 38.3% | 70.2% | ||
| Q2 25 | 37.3% | 70.6% | ||
| Q1 25 | 38.4% | 71.7% | ||
| Q4 24 | 36.9% | 69.5% | ||
| Q3 24 | 36.5% | 70.6% | ||
| Q2 24 | 36.0% | 70.7% | ||
| Q1 24 | 31.1% | 70.3% |
营业利润率ADTNRPD
| Q4 25 | 1.5% | 1.0% | ||
| Q3 25 | -1.0% | 2.7% | ||
| Q2 25 | -5.0% | 1.6% | ||
| Q1 25 | -1.6% | -0.0% | ||
| Q4 24 | -6.9% | 3.4% | ||
| Q3 24 | -11.5% | 6.0% | ||
| Q2 24 | -17.0% | 2.5% | ||
| Q1 24 | -153.1% | 4.7% |
净利率ADTNRPD
| Q4 25 | -1.2% | 1.4% | ||
| Q3 25 | -3.7% | 4.5% | ||
| Q2 25 | -7.7% | 3.9% | ||
| Q1 25 | -4.5% | 1.0% | ||
| Q4 24 | -19.0% | 1.0% | ||
| Q3 24 | -14.6% | 7.2% | ||
| Q2 24 | -22.0% | 3.1% | ||
| Q1 24 | -146.2% | 0.7% |
每股收益（稀释后）ADTNRPD
| Q4 25 | $-0.02 | $0.05 | ||
| Q3 25 | $-0.12 | $0.15 | ||
| Q2 25 | $-0.24 | $0.13 | ||
| Q1 25 | $-0.14 | $0.03 | ||
| Q4 24 | $-0.58 | $0.08 | ||
| Q3 24 | $-0.38 | $0.21 | ||
| Q2 24 | $-0.63 | $0.09 | ||
| Q1 24 | $-4.20 | $0.02 |
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 | $474.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $145.8M | $154.7M |
| 总资产 | $1.2B | $1.7B |
| 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ADTNRPD
| Q4 25 | $95.7M | $474.7M | ||
| Q3 25 | $93.7M | $407.1M | ||
| Q2 25 | $106.3M | $511.7M | ||
| Q1 25 | $101.3M | $493.5M | ||
| Q4 24 | $76.0M | $521.7M | ||
| Q3 24 | $88.5M | $443.7M | ||
| Q2 24 | $111.2M | $442.6M | ||
| Q1 24 | $106.8M | $411.7M |
股东权益ADTNRPD
| Q4 25 | $145.8M | $154.7M | ||
| Q3 25 | $141.6M | $127.2M | ||
| Q2 25 | $169.6M | $90.4M | ||
| Q1 25 | $138.9M | $52.7M | ||
| Q4 24 | $127.0M | $17.7M | ||
| Q3 24 | $205.6M | $-5.1M | ||
| Q2 24 | $213.6M | $-52.6M | ||
| Q1 24 | $260.8M | $-86.4M |
总资产ADTNRPD
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $1.3B | $1.5B |
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 | $37.6M |
| 自由现金流经营现金流 - 资本支出 | $30.6M | $36.4M |
| 自由现金流率自由现金流/营收 | 10.5% | 16.8% |
| 资本支出强度资本支出/营收 | 4.0% | 0.5% |
| 现金转化率经营现金流/净利润 | — | 12.01× |
| 过去12个月自由现金流最近4个季度 | $98.0M | $146.2M |
8季度趋势，按日历期对齐
经营现金流ADTNRPD
| Q4 25 | $42.2M | $37.6M | ||
| Q3 25 | $12.2M | $39.0M | ||
| Q2 25 | $32.2M | $47.5M | ||
| Q1 25 | $43.2M | $29.8M | ||
| Q4 24 | $2.4M | $63.8M | ||
| Q3 24 | $43.3M | $44.0M | ||
| Q2 24 | $19.9M | $32.9M | ||
| Q1 24 | $37.9M | $31.1M |
自由现金流ADTNRPD
| Q4 25 | $30.6M | $36.4M | ||
| Q3 25 | $4.2M | $34.8M | ||
| Q2 25 | $27.5M | $46.6M | ||
| Q1 25 | $35.8M | $28.4M | ||
| Q4 24 | $-895.0K | $62.6M | ||
| Q3 24 | $37.1M | $42.6M | ||
| Q2 24 | $8.4M | $32.6M | ||
| Q1 24 | $24.4M | $30.4M |
自由现金流率ADTNRPD
| Q4 25 | 10.5% | 16.8% | ||
| Q3 25 | 1.5% | 16.0% | ||
| Q2 25 | 10.4% | 21.8% | ||
| Q1 25 | 14.4% | 13.5% | ||
| Q4 24 | -0.4% | 28.9% | ||
| Q3 24 | 16.3% | 19.9% | ||
| Q2 24 | 3.7% | 15.7% | ||
| Q1 24 | 10.8% | 14.8% |
资本支出强度ADTNRPD
| Q4 25 | 4.0% | 0.5% | ||
| Q3 25 | 2.9% | 1.9% | ||
| Q2 25 | 1.8% | 0.4% | ||
| Q1 25 | 3.0% | 0.6% | ||
| Q4 24 | 1.4% | 0.5% | ||
| Q3 24 | 2.7% | 0.6% | ||
| Q2 24 | 5.1% | 0.1% | ||
| Q1 24 | 6.0% | 0.3% |
现金转化率ADTNRPD
| Q4 25 | — | 12.01× | ||
| Q3 25 | — | 3.97× | ||
| Q2 25 | — | 5.70× | ||
| Q1 25 | — | 14.14× | ||
| Q4 24 | — | 29.36× | ||
| Q3 24 | — | 2.85× | ||
| Q2 24 | — | 5.03× | ||
| Q1 24 | — | 22.10× |
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% |
RPD
| Products | $209.1M | 96% |
| Services | $8.2M | 4% |
