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ASSURED GUARANTY LTD（AGO）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
ASSURED GUARANTY LTD的季度营收约是Ribbon Communications Inc.的1.7倍（$277.0M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 43.0%，领先11.8%），ASSURED GUARANTY LTD同比增速更快（77.6% vs -10.3%），过去两年ASSURED GUARANTY LTD的营收复合增速更高（6.3% vs -8.1%）
Assured Guaranty旗下的Assured Investment Management（AIM）是一家主打信贷策略的机构资产管理公司，2023年7月停止运营时管理资产规模约152亿美元，曾被二级投资者评为全球最知名的对冲基金之一。
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。
AGO vs RBBN — 直观对比
营收规模更大
AGO
是对方的1.7倍
$162.6M
营收增速更快
AGO
高出87.9%
-10.3%
净利率更高
RBBN
高出11.8%
43.0%
两年增速更快
AGO
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $277.0M | $162.6M |
| 净利润 | $119.0M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | 59.6% | 37.6% |
| 净利率 | 43.0% | 54.8% |
| 营收同比 | 77.6% | -10.3% |
| 净利润同比 | 561.1% | — |
| 每股收益（稀释后） | $2.56 | $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AGORBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $277.0M | $227.3M | ||
| Q3 25 | $207.0M | $215.4M | ||
| Q2 25 | $281.0M | $220.6M | ||
| Q1 25 | $345.0M | $181.3M | ||
| Q4 24 | $156.0M | $251.4M | ||
| Q3 24 | $269.0M | $210.2M | ||
| Q2 24 | $202.0M | $192.6M |
净利润AGORBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $119.0M | — | ||
| Q3 25 | $105.0M | $-12.1M | ||
| Q2 25 | $103.0M | $-11.1M | ||
| Q1 25 | $176.0M | $-26.2M | ||
| Q4 24 | $18.0M | — | ||
| Q3 24 | $171.0M | $-13.4M | ||
| Q2 24 | $78.0M | $-16.8M |
毛利率AGORBBN
| 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AGORBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 59.6% | 4.1% | ||
| Q3 25 | 65.2% | 1.3% | ||
| Q2 25 | 47.3% | 1.9% | ||
| Q1 25 | 66.4% | -10.8% | ||
| Q4 24 | 19.2% | 13.2% | ||
| Q3 24 | 81.8% | -0.4% | ||
| Q2 24 | 46.5% | -1.0% |
净利率AGORBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 43.0% | — | ||
| Q3 25 | 50.7% | -5.6% | ||
| Q2 25 | 36.7% | -5.0% | ||
| Q1 25 | 51.0% | -14.5% | ||
| Q4 24 | 11.5% | — | ||
| Q3 24 | 63.6% | -6.4% | ||
| Q2 24 | 38.6% | -8.7% |
每股收益（稀释后）AGORBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $2.56 | $0.50 | ||
| Q3 25 | $2.18 | $-0.07 | ||
| Q2 25 | $2.08 | $-0.06 | ||
| Q1 25 | $3.44 | $-0.15 | ||
| Q4 24 | $0.40 | $0.05 | ||
| Q3 24 | $3.17 | $-0.08 | ||
| Q2 24 | $1.41 | $-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 | $903.0M | $67.6M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $5.7B | $419.1M |
| 总资产 | $12.2B | — |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资AGORBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $903.0M | $96.4M | ||
| Q3 25 | $1.3B | $74.8M | ||
| Q2 25 | $939.0M | $60.5M | ||
| Q1 25 | $1.2B | $71.2M | ||
| Q4 24 | $1.2B | $87.8M | ||
| Q3 24 | $1.5B | $37.2M | ||
| Q2 24 | $1.7B | $64.6M |
总债务AGORBBN
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $342.1M | ||
| Q3 25 | $1.7B | $344.3M | ||
| Q2 25 | $1.7B | $346.5M | ||
| Q1 25 | $1.7B | $347.4M | ||
| Q4 24 | $1.7B | $348.3M | ||
| Q3 24 | $1.7B | $349.1M | ||
| Q2 24 | $1.7B | $350.0M |
股东权益AGORBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $5.7B | $449.0M | ||
| Q3 25 | $5.7B | $360.1M | ||
| Q2 25 | $5.6B | $370.4M | ||
| Q1 25 | $5.6B | $381.8M | ||
| Q4 24 | $5.5B | $404.6M | ||
| Q3 24 | $5.7B | $395.5M | ||
| Q2 24 | $5.5B | $405.0M |
总资产AGORBBN
| Q1 26 | — | — | ||
| Q4 25 | $12.2B | $1.2B | ||
| Q3 25 | $12.1B | $1.1B | ||
| Q2 25 | $12.1B | $1.1B | ||
| Q1 25 | $11.9B | $1.1B | ||
| Q4 24 | $11.9B | $1.2B | ||
| Q3 24 | $12.3B | $1.1B | ||
| Q2 24 | $12.1B | $1.1B |
负债/权益比AGORBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.30× | 0.76× | ||
| Q3 25 | 0.30× | 0.96× | ||
| Q2 25 | 0.30× | 0.94× | ||
| Q1 25 | 0.30× | 0.91× | ||
| Q4 24 | 0.31× | 0.86× | ||
| Q3 24 | 0.30× | 0.88× | ||
| Q2 24 | 0.31× | 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 | $259.0M | — |
| 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 | — | — |
| 现金转化率经营现金流/净利润 | 2.18× | — |
| 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AGORBBN
| Q1 26 | — | — | ||
| Q4 25 | $259.0M | $29.2M | ||
| Q3 25 | $55.0M | $26.5M | ||
| Q2 25 | $78.0M | $-795.0K | ||
| Q1 25 | $87.0M | $-3.5M | ||
| Q4 24 | $47.0M | $61.8M | ||
| Q3 24 | $17.0M | $-14.8M | ||
| Q2 24 | $58.0M | $-9.8M |
自由现金流AGORBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $27.3M | ||
| Q3 25 | — | $21.0M | ||
| Q2 25 | — | $-6.5M | ||
| Q1 25 | — | $-15.7M | ||
| Q4 24 | — | $53.8M | ||
| Q3 24 | — | $-23.7M | ||
| Q2 24 | — | $-12.9M |
自由现金流率AGORBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | -2.9% | ||
| Q1 25 | — | -8.7% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | -11.3% | ||
| Q2 24 | — | -6.7% |
资本支出强度AGORBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | — | 1.6% |
现金转化率AGORBBN
| Q1 26 | — | — | ||
| Q4 25 | 2.18× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 2.61× | — | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.74× | — |
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
AGO
| Insurance Segment | $226.0M | 82% |
| Other | $37.0M | 13% |
| Gain Loss On Investments Member1 | $8.0M | 3% |
| Non Credit Impairment Related Unrealized Fair Value Gains Losses On Credit Derivatives | $6.0M | 2% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
