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Bandwidth Inc.（BAND）与USA Compression Partners, LP（USAC）财务数据对比。点击上方公司名可切换其他公司
USA Compression Partners, LP的季度营收约是Bandwidth Inc.的1.2倍（$252.5M vs $208.8M），USA Compression Partners, LP净利率更高（11.0% vs 1.9%，领先9.1%），Bandwidth Inc.同比增速更快（20.1% vs 2.7%），USA Compression Partners, LP自由现金流更多（$87.7M vs $-1.0M），过去两年Bandwidth Inc.的营收复合增速更高（9.7% vs 4.9%）
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。
USA Compression Partners, LP是一家总部位于美国的天然气压缩服务供应商，服务覆盖油气行业上游、中游及下游领域，提供定制化压缩系统、设备维护与运营支持，助力天然气生产、加工和运输环节高效运转。
BAND vs USAC — 直观对比
营收规模更大
USAC
是对方的1.2倍
$208.8M
营收增速更快
BAND
高出17.4%
2.7%
净利率更高
USAC
高出9.1%
1.9%
自由现金流更多
USAC
多$88.7M
$-1.0M
两年增速更快
BAND
近两年复合增速
4.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $208.8M | $252.5M |
| 净利润 | $4.0M | $27.8M |
| 毛利率 | 37.3% | — |
| 营业利润率 | 60.5% | 30.3% |
| 净利率 | 1.9% | 11.0% |
| 营收同比 | 20.1% | 2.7% |
| 净利润同比 | 200.0% | 9.1% |
| 每股收益（稀释后） | $-0.08 | — |
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BANDUSAC
| Q1 26 | $208.8M | — | ||
| Q4 25 | $207.7M | $252.5M | ||
| Q3 25 | $191.9M | $250.3M | ||
| Q2 25 | $180.0M | $250.1M | ||
| Q1 25 | $174.2M | $245.2M | ||
| Q4 24 | $210.0M | $245.9M | ||
| Q3 24 | $193.9M | $240.0M | ||
| Q2 24 | $173.6M | $235.3M |
净利润BANDUSAC
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $27.8M | ||
| Q3 25 | $-1.2M | $34.5M | ||
| Q2 25 | $-4.9M | $28.6M | ||
| Q1 25 | $-3.7M | $20.5M | ||
| Q4 24 | — | $25.4M | ||
| Q3 24 | $413.0K | $19.3M | ||
| Q2 24 | $4.1M | $31.2M |
毛利率BANDUSAC
| 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BANDUSAC
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 30.3% | ||
| Q3 25 | -1.0% | 33.5% | ||
| Q2 25 | -2.1% | 30.6% | ||
| Q1 25 | -2.7% | 28.3% | ||
| Q4 24 | -1.3% | 30.3% | ||
| Q3 24 | -0.5% | 31.5% | ||
| Q2 24 | -3.5% | 32.9% |
净利率BANDUSAC
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 11.0% | ||
| Q3 25 | -0.6% | 13.8% | ||
| Q2 25 | -2.7% | 11.4% | ||
| Q1 25 | -2.1% | 8.4% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | 0.2% | 8.1% | ||
| Q2 24 | 2.3% | 13.3% |
每股收益（稀释后）BANDUSAC
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | — | ||
| Q3 25 | $-0.04 | — | ||
| Q2 25 | $-0.16 | — | ||
| Q1 25 | $-0.13 | — | ||
| Q4 24 | $0.27 | — | ||
| Q3 24 | $0.01 | — | ||
| Q2 24 | $-0.17 | — |
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 | $8.6M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $405.7M | — |
| 总资产 | $984.2M | $2.6B |
| 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BANDUSAC
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $8.6M | ||
| Q3 25 | $80.4M | — | ||
| Q2 25 | $68.1M | $2.0K | ||
| Q1 25 | $41.7M | $2.0K | ||
| Q4 24 | $83.8M | $14.0K | ||
| Q3 24 | $79.9M | $79.0K | ||
| Q2 24 | $76.4M | $9.0K |
总债务BANDUSAC
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B |
股东权益BANDUSAC
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | — | ||
| Q3 25 | $392.7M | — | ||
| Q2 25 | $384.5M | — | ||
| Q1 25 | $345.4M | — | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $336.6M | — | ||
| Q2 24 | $307.4M | — |
总资产BANDUSAC
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $2.6B | ||
| Q3 25 | $1.0B | $2.7B | ||
| Q2 25 | $1.0B | $2.7B | ||
| Q1 25 | $964.4M | $2.7B | ||
| Q4 24 | $989.2M | $2.7B | ||
| Q3 24 | $1.0B | $2.8B | ||
| Q2 24 | $1.0B | $2.8B |
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 | — | $139.5M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $87.7M |
| 自由现金流率自由现金流/营收 | -0.5% | 34.8% |
| 资本支出强度资本支出/营收 | — | 20.5% |
| 现金转化率经营现金流/净利润 | — | 5.02× |
| 过去12个月自由现金流最近4个季度 | — | $277.0M |
8季度趋势，按日历期对齐
经营现金流BANDUSAC
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $139.5M | ||
| Q3 25 | $22.2M | $75.9M | ||
| Q2 25 | $31.7M | $124.2M | ||
| Q1 25 | $-3.1M | $54.7M | ||
| Q4 24 | $36.5M | $130.2M | ||
| Q3 24 | $20.5M | $48.5M | ||
| Q2 24 | $24.4M | $96.7M |
自由现金流BANDUSAC
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $87.7M | ||
| Q3 25 | — | $51.9M | ||
| Q2 25 | — | $101.1M | ||
| Q1 25 | — | $36.3M | ||
| Q4 24 | — | $101.2M | ||
| Q3 24 | — | $19.8M | ||
| Q2 24 | — | $48.2M |
自由现金流率BANDUSAC
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 34.8% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | — | 40.4% | ||
| Q1 25 | — | 14.8% | ||
| Q4 24 | — | 41.1% | ||
| Q3 24 | — | 8.2% | ||
| Q2 24 | — | 20.5% |
资本支出强度BANDUSAC
| Q1 26 | — | — | ||
| Q4 25 | — | 20.5% | ||
| Q3 25 | — | 9.6% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 20.6% |
现金转化率BANDUSAC
| Q1 26 | — | — | ||
| Q4 25 | — | 5.02× | ||
| Q3 25 | — | 2.20× | ||
| Q2 25 | — | 4.35× | ||
| Q1 25 | — | 2.66× | ||
| Q4 24 | — | 5.12× | ||
| Q3 24 | 49.55× | 2.51× | ||
| Q2 24 | 6.03× | 3.10× |
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
BAND
暂无分部数据
USAC
| Revenue From Contract Operations Excluding Revenue From Related Party | $231.7M | 92% |
| Entities Affiliated With Energy Transfer LP | $16.6M | 7% |
| Transferred At Point In Time | $5.4M | 2% |
