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AVIAT NETWORKS, INC.（AVNW）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AVIAT NETWORKS, INC.的1.5倍（$162.6M vs $111.5M），Ribbon Communications Inc.净利率更高（54.8% vs 5.1%，领先49.6%），AVIAT NETWORKS, INC.同比增速更快（-5.7% vs -10.3%），过去两年AVIAT NETWORKS, INC.的营收复合增速更高（0.3% vs -8.1%）
Aviat Networks是全球领先的微波传输与回传解决方案供应商，为公共及私营通信运营商提供通信基础设施支撑，同时也面向企业客户提供相关产品与服务，助力客户构建稳定高效的通信网络。
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。
AVNW vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.5倍
$111.5M
营收增速更快
AVNW
高出4.6%
-10.3%
净利率更高
RBBN
高出49.6%
5.1%
两年增速更快
AVNW
近两年复合增速
-8.1%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $111.5M | $162.6M |
| 净利润 | $5.7M | $89.1M |
| 毛利率 | 32.4% | 42.9% |
| 营业利润率 | 6.5% | 37.6% |
| 净利率 | 5.1% | 54.8% |
| 营收同比 | -5.7% | -10.3% |
| 净利润同比 | 27.2% | — |
| 每股收益（稀释后） | $0.44 | $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AVNWRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $111.5M | $227.3M | ||
| Q3 25 | $107.3M | $215.4M | ||
| Q2 25 | $115.3M | $220.6M | ||
| Q1 25 | $112.6M | $181.3M | ||
| Q4 24 | $118.2M | $251.4M | ||
| Q3 24 | $88.4M | $210.2M | ||
| Q2 24 | $116.7M | $192.6M |
净利润AVNWRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $5.7M | — | ||
| Q3 25 | $162.0K | $-12.1M | ||
| Q2 25 | $5.2M | $-11.1M | ||
| Q1 25 | $3.5M | $-26.2M | ||
| Q4 24 | $4.5M | — | ||
| Q3 24 | $-11.9M | $-13.4M | ||
| Q2 24 | $1.5M | $-16.8M |
毛利率AVNWRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 32.4% | 53.3% | ||
| Q3 25 | 33.2% | 50.1% | ||
| Q2 25 | 34.2% | 49.6% | ||
| Q1 25 | 34.9% | 45.4% | ||
| Q4 24 | 34.6% | 55.7% | ||
| Q3 24 | 22.4% | 52.1% | ||
| Q2 24 | 35.3% | 50.8% |
营业利润率AVNWRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 6.5% | 4.1% | ||
| Q3 25 | 4.8% | 1.3% | ||
| Q2 25 | 7.7% | 1.9% | ||
| Q1 25 | 8.3% | -10.8% | ||
| Q4 24 | 6.7% | 13.2% | ||
| Q3 24 | -17.6% | -0.4% | ||
| Q2 24 | 4.7% | -1.0% |
净利率AVNWRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 0.2% | -5.6% | ||
| Q2 25 | 4.5% | -5.0% | ||
| Q1 25 | 3.1% | -14.5% | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | -13.4% | -6.4% | ||
| Q2 24 | 1.3% | -8.7% |
每股收益（稀释后）AVNWRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.44 | $0.50 | ||
| Q3 25 | $0.01 | $-0.07 | ||
| Q2 25 | $0.42 | $-0.06 | ||
| Q1 25 | $0.27 | $-0.15 | ||
| Q4 24 | $0.35 | $0.05 | ||
| Q3 24 | $-0.94 | $-0.08 | ||
| Q2 24 | $0.11 | $-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 | $86.5M | $67.6M |
| 总债务越低越好 | $105.4M | — |
| 股东权益账面价值 | $271.6M | $419.1M |
| 总资产 | $659.4M | — |
| 负债/权益比越低杠杆越低 | 0.39× | — |
8季度趋势，按日历期对齐
现金及短期投资AVNWRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $86.5M | $96.4M | ||
| Q3 25 | $64.8M | $74.8M | ||
| Q2 25 | $59.7M | $60.5M | ||
| Q1 25 | $49.4M | $71.2M | ||
| Q4 24 | $52.6M | $87.8M | ||
| Q3 24 | $51.0M | $37.2M | ||
| Q2 24 | $64.6M | $64.6M |
总债务AVNWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $105.4M | $342.1M | ||
| Q3 25 | $106.5M | $344.3M | ||
| Q2 25 | $87.6M | $346.5M | ||
| Q1 25 | $73.9M | $347.4M | ||
| Q4 24 | $74.9M | $348.3M | ||
| Q3 24 | $83.4M | $349.1M | ||
| Q2 24 | $48.4M | $350.0M |
股东权益AVNWRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $271.6M | $449.0M | ||
| Q3 25 | $263.6M | $360.1M | ||
| Q2 25 | $263.2M | $370.4M | ||
| Q1 25 | $256.1M | $381.8M | ||
| Q4 24 | $249.6M | $404.6M | ||
| Q3 24 | $247.1M | $395.5M | ||
| Q2 24 | $255.9M | $405.0M |
总资产AVNWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $659.4M | $1.2B | ||
| Q3 25 | $643.3M | $1.1B | ||
| Q2 25 | $633.3M | $1.1B | ||
| Q1 25 | $628.3M | $1.1B | ||
| Q4 24 | $594.1M | $1.2B | ||
| Q3 24 | $590.9M | $1.1B | ||
| Q2 24 | $535.2M | $1.1B |
负债/权益比AVNWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.39× | 0.76× | ||
| Q3 25 | 0.40× | 0.96× | ||
| Q2 25 | 0.33× | 0.94× | ||
| Q1 25 | 0.29× | 0.91× | ||
| Q4 24 | 0.30× | 0.86× | ||
| Q3 24 | 0.34× | 0.88× | ||
| Q2 24 | 0.19× | 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 | $23.9M | — |
| 自由现金流经营现金流 - 资本支出 | $22.5M | — |
| 自由现金流率自由现金流/营收 | 20.2% | — |
| 资本支出强度资本支出/营收 | 1.3% | — |
| 现金转化率经营现金流/净利润 | 4.18× | — |
| 过去12个月自由现金流最近4个季度 | $16.1M | — |
8季度趋势，按日历期对齐
经营现金流AVNWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $23.9M | $29.2M | ||
| Q3 25 | $-11.7M | $26.5M | ||
| Q2 25 | $10.5M | $-795.0K | ||
| Q1 25 | $1.6M | $-3.5M | ||
| Q4 24 | $20.8M | $61.8M | ||
| Q3 24 | $-27.2M | $-14.8M | ||
| Q2 24 | $8.3M | $-9.8M |
自由现金流AVNWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $22.5M | $27.3M | ||
| Q3 25 | $-13.5M | $21.0M | ||
| Q2 25 | $8.2M | $-6.5M | ||
| Q1 25 | $-1.2M | $-15.7M | ||
| Q4 24 | $18.3M | $53.8M | ||
| Q3 24 | $-32.6M | $-23.7M | ||
| Q2 24 | $7.5M | $-12.9M |
自由现金流率AVNWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | 12.0% | ||
| Q3 25 | -12.6% | 9.7% | ||
| Q2 25 | 7.1% | -2.9% | ||
| Q1 25 | -1.0% | -8.7% | ||
| Q4 24 | 15.5% | 21.4% | ||
| Q3 24 | -36.8% | -11.3% | ||
| Q2 24 | 6.4% | -6.7% |
资本支出强度AVNWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 0.9% | ||
| Q3 25 | 1.6% | 2.6% | ||
| Q2 25 | 2.0% | 2.6% | ||
| Q1 25 | 2.5% | 6.7% | ||
| Q4 24 | 2.1% | 3.2% | ||
| Q3 24 | 6.1% | 4.2% | ||
| Q2 24 | 0.7% | 1.6% |
现金转化率AVNWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | — | ||
| Q3 25 | -72.48× | — | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 4.62× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.37× | — |
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
AVNW
| Products | $81.2M | 73% |
| Services | $30.3M | 27% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
