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FEDERAL AGRICULTURAL MORTGAGE CORP（AGM）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
Ribbon Communications Inc.的季度营收约是FEDERAL AGRICULTURAL MORTGAGE CORP的1.5倍（$162.6M vs $107.5M），FEDERAL AGRICULTURAL MORTGAGE CORP同比增速更快（6.1% vs -10.3%），过去两年FEDERAL AGRICULTURAL MORTGAGE CORP的营收复合增速更高（7.1% vs -8.1%）
联邦农业抵押贷款公司（又称Farmer Mac）是由美国国会1988年依据《1987年农业信贷法案》设立、由股东持股的联邦特许企业，核心业务是搭建农业不动产及住房抵押贷款的二级市场，提升农业领域的信贷流动性，为农户、牧场主及乡村社区提供长期稳定的信贷支持。
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。
AGM vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.5倍
$107.5M
营收增速更快
AGM
高出16.4%
-10.3%
两年增速更快
AGM
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $107.5M | $162.6M |
| 净利润 | — | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | 56.3% | 37.6% |
| 净利率 | — | 54.8% |
| 营收同比 | 6.1% | -10.3% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $3.69 | $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AGMRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $107.5M | $227.3M | ||
| Q3 25 | $104.0M | $215.4M | ||
| Q2 25 | $102.6M | $220.6M | ||
| Q1 25 | $94.3M | $181.3M | ||
| Q4 24 | $101.3M | $251.4M | ||
| Q3 24 | $90.3M | $210.2M | ||
| Q2 24 | $89.9M | $192.6M |
净利润AGMRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | $55.0M | $-12.1M | ||
| Q2 25 | $54.8M | $-11.1M | ||
| Q1 25 | $49.7M | $-26.2M | ||
| Q4 24 | $56.5M | — | ||
| Q3 24 | $49.8M | $-13.4M | ||
| Q2 24 | $47.1M | $-16.8M |
毛利率AGMRBBN
| 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AGMRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 56.3% | 4.1% | ||
| Q3 25 | 64.1% | 1.3% | ||
| Q2 25 | 63.8% | 1.9% | ||
| Q1 25 | 66.9% | -10.8% | ||
| Q4 24 | 67.5% | 13.2% | ||
| Q3 24 | 69.0% | -0.4% | ||
| Q2 24 | 65.9% | -1.0% |
净利率AGMRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | 52.9% | -5.6% | ||
| Q2 25 | 53.4% | -5.0% | ||
| Q1 25 | 52.6% | -14.5% | ||
| Q4 24 | 55.8% | — | ||
| Q3 24 | 55.2% | -6.4% | ||
| Q2 24 | 52.4% | -8.7% |
每股收益（稀释后）AGMRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $3.69 | $0.50 | ||
| Q3 25 | $4.44 | $-0.07 | ||
| Q2 25 | $4.48 | $-0.06 | ||
| Q1 25 | $4.01 | $-0.15 | ||
| Q4 24 | $4.62 | $0.05 | ||
| Q3 24 | $3.86 | $-0.08 | ||
| Q2 24 | $3.68 | $-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 | — | $67.6M |
| 总债务越低越好 | $30.8B | — |
| 股东权益账面价值 | $1.7B | $419.1M |
| 总资产 | $35.4B | — |
| 负债/权益比越低杠杆越低 | 17.93× | — |
8季度趋势，按日历期对齐
现金及短期投资AGMRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | — | $96.4M | ||
| Q3 25 | — | $74.8M | ||
| Q2 25 | — | $60.5M | ||
| Q1 25 | — | $71.2M | ||
| Q4 24 | — | $87.8M | ||
| Q3 24 | $842.1M | $37.2M | ||
| Q2 24 | $923.0M | $64.6M |
总债务AGMRBBN
| Q1 26 | — | — | ||
| Q4 25 | $30.8B | $342.1M | ||
| Q3 25 | $29.2B | $344.3M | ||
| Q2 25 | $28.9B | $346.5M | ||
| Q1 25 | $28.0B | $347.4M | ||
| Q4 24 | $27.5B | $348.3M | ||
| Q3 24 | $27.2B | $349.1M | ||
| Q2 24 | $26.8B | $350.0M |
股东权益AGMRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $1.7B | $449.0M | ||
| Q3 25 | $1.7B | $360.1M | ||
| Q2 25 | $1.5B | $370.4M | ||
| Q1 25 | $1.5B | $381.8M | ||
| Q4 24 | $1.5B | $404.6M | ||
| Q3 24 | $1.5B | $395.5M | ||
| Q2 24 | $1.5B | $405.0M |
总资产AGMRBBN
| Q1 26 | — | — | ||
| Q4 25 | $35.4B | $1.2B | ||
| Q3 25 | $33.4B | $1.1B | ||
| Q2 25 | $33.0B | $1.1B | ||
| Q1 25 | $31.8B | $1.1B | ||
| Q4 24 | $31.3B | $1.2B | ||
| Q3 24 | $30.6B | $1.1B | ||
| Q2 24 | $30.2B | $1.1B |
负债/权益比AGMRBBN
| Q1 26 | — | — | ||
| Q4 25 | 17.93× | 0.76× | ||
| Q3 25 | 17.31× | 0.96× | ||
| Q2 25 | 18.70× | 0.94× | ||
| Q1 25 | 18.39× | 0.91× | ||
| Q4 24 | 18.48× | 0.86× | ||
| Q3 24 | 18.60× | 0.88× | ||
| Q2 24 | 17.87× | 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 | $80.1M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流AGMRBBN
| Q1 26 | — | — | ||
| Q4 25 | $80.1M | $29.2M | ||
| Q3 25 | $74.2M | $26.5M | ||
| Q2 25 | $-47.7M | $-795.0K | ||
| Q1 25 | $-49.8M | $-3.5M | ||
| Q4 24 | $612.6M | $61.8M | ||
| Q3 24 | $-44.4M | $-14.8M | ||
| Q2 24 | $56.1M | $-9.8M |
自由现金流AGMRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $27.3M | ||
| Q3 25 | — | $21.0M | ||
| Q2 25 | — | $-6.5M | ||
| Q1 25 | — | $-15.7M | ||
| Q4 24 | $607.4M | $53.8M | ||
| Q3 24 | $-44.4M | $-23.7M | ||
| Q2 24 | $52.6M | $-12.9M |
自由现金流率AGMRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | -2.9% | ||
| Q1 25 | — | -8.7% | ||
| Q4 24 | 599.8% | 21.4% | ||
| Q3 24 | -49.2% | -11.3% | ||
| Q2 24 | 58.5% | -6.7% |
资本支出强度AGMRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 0.9% | ||
| Q3 25 | 0.0% | 2.6% | ||
| Q2 25 | 0.0% | 2.6% | ||
| Q1 25 | 0.0% | 6.7% | ||
| Q4 24 | 5.2% | 3.2% | ||
| Q3 24 | 0.1% | 4.2% | ||
| Q2 24 | 4.0% | 1.6% |
现金转化率AGMRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | -0.87× | — | ||
| Q1 25 | -1.00× | — | ||
| Q4 24 | 10.84× | — | ||
| Q3 24 | -0.89× | — | ||
| Q2 24 | 1.19× | — |
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
AGM
暂无分部数据
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
