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Bandwidth Inc.（BAND）与FTAI Infrastructure Inc.（FIP）财务数据对比。点击上方公司名可切换其他公司
Bandwidth Inc.的季度营收约是FTAI Infrastructure Inc.的1.5倍（$208.8M vs $143.5M），Bandwidth Inc.净利率更高（1.9% vs -68.1%，领先70.0%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 20.1%），Bandwidth Inc.自由现金流更多（$-1.0M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs 9.7%）
Bandwidth Inc.是一家通信平台即服务提供商，依托自有全球IP语音网络，为客户提供语音、短信及应急服务相关的软件API产品，帮助开发者便捷集成通信功能，全球客户可借助其方案快速搭建符合需求的通信服务体系。
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
BAND vs FIP — 直观对比
营收规模更大
BAND
是对方的1.5倍
$143.5M
营收增速更快
FIP
高出57.6%
20.1%
净利率更高
BAND
高出70.0%
-68.1%
自由现金流更多
BAND
多$67.6M
$-68.6M
两年增速更快
FIP
近两年复合增速
9.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $208.8M | $143.5M |
| 净利润 | $4.0M | $-97.7M |
| 毛利率 | 37.3% | — |
| 营业利润率 | 60.5% | -45.7% |
| 净利率 | 1.9% | -68.1% |
| 营收同比 | 20.1% | 77.7% |
| 净利润同比 | 200.0% | 21.6% |
| 每股收益（稀释后） | $-0.08 | $-1.04 |
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BANDFIP
| Q1 26 | $208.8M | — | ||
| Q4 25 | $207.7M | $143.5M | ||
| Q3 25 | $191.9M | $140.6M | ||
| Q2 25 | $180.0M | $122.3M | ||
| Q1 25 | $174.2M | $96.2M | ||
| Q4 24 | $210.0M | $80.8M | ||
| Q3 24 | $193.9M | $83.3M | ||
| Q2 24 | $173.6M | $84.9M |
净利润BANDFIP
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $-97.7M | ||
| Q3 25 | $-1.2M | $-104.5M | ||
| Q2 25 | $-4.9M | $-70.0M | ||
| Q1 25 | $-3.7M | $120.2M | ||
| Q4 24 | — | $-124.7M | ||
| Q3 24 | $413.0K | $-43.0M | ||
| Q2 24 | $4.1M | $-48.1M |
毛利率BANDFIP
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 41.0% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 37.3% | — |
营业利润率BANDFIP
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | -45.7% | ||
| Q3 25 | -1.0% | -70.8% | ||
| Q2 25 | -2.1% | -56.4% | ||
| Q1 25 | -2.7% | 81.8% | ||
| Q4 24 | -1.3% | -152.7% | ||
| Q3 24 | -0.5% | -51.7% | ||
| Q2 24 | -3.5% | -56.4% |
净利率BANDFIP
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | -68.1% | ||
| Q3 25 | -0.6% | -74.4% | ||
| Q2 25 | -2.7% | -57.2% | ||
| Q1 25 | -2.1% | 125.0% | ||
| Q4 24 | — | -154.4% | ||
| Q3 24 | 0.2% | -51.6% | ||
| Q2 24 | 2.3% | -56.7% |
每股收益（稀释后）BANDFIP
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $-1.04 | ||
| Q3 25 | $-0.04 | $-1.38 | ||
| Q2 25 | $-0.16 | $-0.73 | ||
| Q1 25 | $-0.13 | $0.89 | ||
| Q4 24 | $0.27 | $-1.21 | ||
| Q3 24 | $0.01 | $-0.45 | ||
| Q2 24 | $-0.17 | $-0.52 |
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 | $47.3M | $57.4M |
| 总债务越低越好 | — | $3.8B |
| 股东权益账面价值 | $405.7M | $21.3M |
| 总资产 | $984.2M | $5.7B |
| 负债/权益比越低杠杆越低 | — | 176.99× |
8季度趋势，按日历期对齐
现金及短期投资BANDFIP
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $57.4M | ||
| Q3 25 | $80.4M | $34.7M | ||
| Q2 25 | $68.1M | $33.6M | ||
| Q1 25 | $41.7M | $26.3M | ||
| Q4 24 | $83.8M | $27.8M | ||
| Q3 24 | $79.9M | $20.3M | ||
| Q2 24 | $76.4M | $33.1M |
总债务BANDFIP
| Q1 26 | — | — | ||
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B |
股东权益BANDFIP
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $21.3M | ||
| Q3 25 | $392.7M | $181.1M | ||
| Q2 25 | $384.5M | $375.5M | ||
| Q1 25 | $345.4M | $476.2M | ||
| Q4 24 | $312.5M | $202.7M | ||
| Q3 24 | $336.6M | $370.8M | ||
| Q2 24 | $307.4M | $394.8M |
总资产BANDFIP
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $5.7B | ||
| Q3 25 | $1.0B | $5.5B | ||
| Q2 25 | $1.0B | $4.4B | ||
| Q1 25 | $964.4M | $4.1B | ||
| Q4 24 | $989.2M | $2.4B | ||
| Q3 24 | $1.0B | $2.4B | ||
| Q2 24 | $1.0B | $2.5B |
负债/权益比BANDFIP
| Q1 26 | — | — | ||
| Q4 25 | — | 176.99× | ||
| Q3 25 | — | 20.59× | ||
| Q2 25 | — | 8.21× | ||
| Q1 25 | — | 5.79× | ||
| Q4 24 | — | 7.84× | ||
| Q3 24 | — | 4.14× | ||
| Q2 24 | — | 3.94× |
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 | — | $-2.8M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $-68.6M |
| 自由现金流率自由现金流/营收 | -0.5% | -47.8% |
| 资本支出强度资本支出/营收 | — | 45.9% |
| 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 | — | $-398.5M |
8季度趋势，按日历期对齐
经营现金流BANDFIP
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $-2.8M | ||
| Q3 25 | $22.2M | $-24.4M | ||
| Q2 25 | $31.7M | $-5.2M | ||
| Q1 25 | $-3.1M | $-85.7M | ||
| Q4 24 | $36.5M | $-8.1M | ||
| Q3 24 | $20.5M | $14.2M | ||
| Q2 24 | $24.4M | $-17.6M |
自由现金流BANDFIP
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $-68.6M | ||
| Q3 25 | — | $-90.7M | ||
| Q2 25 | — | $-87.5M | ||
| Q1 25 | — | $-151.7M | ||
| Q4 24 | — | $-34.3M | ||
| Q3 24 | — | $-11.7M | ||
| Q2 24 | — | $-32.1M |
自由现金流率BANDFIP
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | -47.8% | ||
| Q3 25 | — | -64.5% | ||
| Q2 25 | — | -71.6% | ||
| Q1 25 | — | -157.7% | ||
| Q4 24 | — | -42.4% | ||
| Q3 24 | — | -14.0% | ||
| Q2 24 | — | -37.9% |
资本支出强度BANDFIP
| Q1 26 | — | — | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 47.2% | ||
| Q2 25 | — | 67.3% | ||
| Q1 25 | — | 68.6% | ||
| Q4 24 | — | 32.5% | ||
| Q3 24 | — | 31.1% | ||
| Q2 24 | — | 17.2% |
现金转化率BANDFIP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | — |
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
BAND
暂无分部数据
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
