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Braemar Hotels & Resorts Inc.（BHR）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
Braemar Hotels & Resorts Inc.的季度营收约是Ribbon Communications Inc.的1.0倍（$165.6M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs -20.3%，领先75.1%），Braemar Hotels & Resorts Inc.同比增速更快（-4.5% vs -10.3%），过去两年Ribbon Communications Inc.的营收复合增速更高（-8.1% vs -13.1%）
Braemar Hotels & Resorts Inc.是一家主打高端奢华酒店及度假村持有运营的房地产投资信托，主要布局美国市场，服务高端休闲旅客、企业活动主办方及商务差旅群体，通过住宿预订、配套消费及活动承办获得收益。
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。
BHR vs RBBN — 直观对比
营收规模更大
BHR
是对方的1.0倍
$162.6M
营收增速更快
BHR
高出5.8%
-10.3%
净利率更高
RBBN
高出75.1%
-20.3%
两年增速更快
RBBN
近两年复合增速
-13.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $165.6M | $162.6M |
| 净利润 | $-33.6M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | -7.3% | 37.6% |
| 净利率 | -20.3% | 54.8% |
| 营收同比 | -4.5% | -10.3% |
| 净利润同比 | -80.1% | — |
| 每股收益（稀释后） | $-0.67 | $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BHRRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $165.6M | $227.3M | ||
| Q3 25 | $143.6M | $215.4M | ||
| Q2 25 | $179.1M | $220.6M | ||
| Q1 25 | $215.8M | $181.3M | ||
| Q4 24 | $173.3M | $251.4M | ||
| Q3 24 | $148.4M | $210.2M | ||
| Q2 24 | $187.6M | $192.6M |
净利润BHRRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $-33.6M | — | ||
| Q3 25 | $5.7M | $-12.1M | ||
| Q2 25 | $-5.5M | $-11.1M | ||
| Q1 25 | $11.0M | $-26.2M | ||
| Q4 24 | $-18.7M | — | ||
| Q3 24 | $12.6M | $-13.4M | ||
| Q2 24 | $-11.6M | $-16.8M |
毛利率BHRRBBN
| 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BHRRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | -7.3% | 4.1% | ||
| Q3 25 | 20.8% | 1.3% | ||
| Q2 25 | 10.0% | 1.9% | ||
| Q1 25 | 17.0% | -10.8% | ||
| Q4 24 | 2.2% | 13.2% | ||
| Q3 24 | 47.4% | -0.4% | ||
| Q2 24 | 6.5% | -1.0% |
净利率BHRRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | -20.3% | — | ||
| Q3 25 | 4.0% | -5.6% | ||
| Q2 25 | -3.1% | -5.0% | ||
| Q1 25 | 5.1% | -14.5% | ||
| Q4 24 | -10.8% | — | ||
| Q3 24 | 8.5% | -6.4% | ||
| Q2 24 | -6.2% | -8.7% |
每股收益（稀释后）BHRRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-0.67 | $0.50 | ||
| Q3 25 | $-0.12 | $-0.07 | ||
| Q2 25 | $-0.24 | $-0.06 | ||
| Q1 25 | $-0.04 | $-0.15 | ||
| Q4 24 | $-0.47 | $0.05 | ||
| Q3 24 | $-0.02 | $-0.08 | ||
| Q2 24 | $-0.33 | $-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 | $124.4M | $67.6M |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $138.7M | $419.1M |
| 总资产 | $1.9B | — |
| 负债/权益比越低杠杆越低 | 7.96× | — |
8季度趋势，按日历期对齐
现金及短期投资BHRRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $124.4M | $96.4M | ||
| Q3 25 | $116.3M | $74.8M | ||
| Q2 25 | $80.2M | $60.5M | ||
| Q1 25 | $81.7M | $71.2M | ||
| Q4 24 | $135.5M | $87.8M | ||
| Q3 24 | $168.7M | $37.2M | ||
| Q2 24 | $114.6M | $64.6M |
总债务BHRRBBN
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $342.1M | ||
| Q3 25 | $1.2B | $344.3M | ||
| Q2 25 | $1.2B | $346.5M | ||
| Q1 25 | $1.2B | $347.4M | ||
| Q4 24 | $1.2B | $348.3M | ||
| Q3 24 | $1.2B | $349.1M | ||
| Q2 24 | $1.1B | $350.0M |
股东权益BHRRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $138.7M | $449.0M | ||
| Q3 25 | $211.9M | $360.1M | ||
| Q2 25 | $225.1M | $370.4M | ||
| Q1 25 | $238.9M | $381.8M | ||
| Q4 24 | $240.7M | $404.6M | ||
| Q3 24 | $276.9M | $395.5M | ||
| Q2 24 | $282.3M | $405.0M |
总资产BHRRBBN
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.2B | $1.1B |
负债/权益比BHRRBBN
| Q1 26 | — | — | ||
| Q4 25 | 7.96× | 0.76× | ||
| Q3 25 | 5.50× | 0.96× | ||
| Q2 25 | 5.38× | 0.94× | ||
| Q1 25 | 5.03× | 0.91× | ||
| Q4 24 | 5.03× | 0.86× | ||
| Q3 24 | 4.36× | 0.88× | ||
| Q2 24 | 4.00× | 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 | $40.8M | — |
| 自由现金流经营现金流 - 资本支出 | $-37.1M | — |
| 自由现金流率自由现金流/营收 | -22.4% | — |
| 资本支出强度资本支出/营收 | 47.1% | — |
| 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 | $-59.2M | — |
8季度趋势，按日历期对齐
经营现金流BHRRBBN
| Q1 26 | — | — | ||
| Q4 25 | $40.8M | $29.2M | ||
| Q3 25 | $-5.8M | $26.5M | ||
| Q2 25 | $23.0M | $-795.0K | ||
| Q1 25 | $15.1M | $-3.5M | ||
| Q4 24 | $66.8M | $61.8M | ||
| Q3 24 | $9.0K | $-14.8M | ||
| Q2 24 | $24.1M | $-9.8M |
自由现金流BHRRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-37.1M | $27.3M | ||
| Q3 25 | $-27.3M | $21.0M | ||
| Q2 25 | $5.3M | $-6.5M | ||
| Q1 25 | $-159.0K | $-15.7M | ||
| Q4 24 | $-3.8M | $53.8M | ||
| Q3 24 | $-15.6M | $-23.7M | ||
| Q2 24 | $8.2M | $-12.9M |
自由现金流率BHRRBBN
| Q1 26 | — | — | ||
| Q4 25 | -22.4% | 12.0% | ||
| Q3 25 | -19.0% | 9.7% | ||
| Q2 25 | 3.0% | -2.9% | ||
| Q1 25 | -0.1% | -8.7% | ||
| Q4 24 | -2.2% | 21.4% | ||
| Q3 24 | -10.5% | -11.3% | ||
| Q2 24 | 4.4% | -6.7% |
资本支出强度BHRRBBN
| Q1 26 | — | — | ||
| Q4 25 | 47.1% | 0.9% | ||
| Q3 25 | 15.0% | 2.6% | ||
| Q2 25 | 9.9% | 2.6% | ||
| Q1 25 | 7.1% | 6.7% | ||
| Q4 24 | 40.7% | 3.2% | ||
| Q3 24 | 10.5% | 4.2% | ||
| Q2 24 | 8.5% | 1.6% |
现金转化率BHRRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -1.00× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | — | — |
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
BHR
| Occupancy | $97.4M | 59% |
| Food And Beverage | $45.5M | 28% |
| Hotel Other | $22.6M | 14% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
