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BKV Corp（BKV）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
BKV Corp的季度营收约是Ribbon Communications Inc.的1.6倍（$255.9M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 27.5%，领先27.3%）
BKV Corp是一家北美独立能源企业，专注于天然气的可持续勘探、生产与配送，核心运营资产位于阿巴拉契亚盆地，服务区域内公用事业、工业及商业客户，同时投资碳捕获等低碳技术以降低运营排放。
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。
BKV vs RBBN — 直观对比
营收规模更大
BKV
是对方的1.6倍
$162.6M
净利率更高
RBBN
高出27.3%
27.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $255.9M | $162.6M |
| 净利润 | $70.4M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | 39.3% | 37.6% |
| 净利率 | 27.5% | 54.8% |
| 营收同比 | — | -10.3% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.78 | $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BKVRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $255.9M | $227.3M | ||
| Q3 25 | $199.8M | $215.4M | ||
| Q2 25 | $207.1M | $220.6M | ||
| Q1 25 | $231.0M | $181.3M | ||
| Q4 24 | — | $251.4M | ||
| Q3 24 | $133.5M | $210.2M | ||
| Q2 24 | — | $192.6M |
净利润BKVRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $70.4M | — | ||
| Q3 25 | $76.8M | $-12.1M | ||
| Q2 25 | $104.6M | $-11.1M | ||
| Q1 25 | $-78.7M | $-26.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | $12.9M | $-13.4M | ||
| Q2 24 | — | $-16.8M |
毛利率BKVRBBN
| 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BKVRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 39.3% | 4.1% | ||
| Q3 25 | 41.2% | 1.3% | ||
| Q2 25 | 62.0% | 1.9% | ||
| Q1 25 | -40.6% | -10.8% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | -15.7% | -0.4% | ||
| Q2 24 | — | -1.0% |
净利率BKVRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 27.5% | — | ||
| Q3 25 | 38.5% | -5.6% | ||
| Q2 25 | 50.5% | -5.0% | ||
| Q1 25 | -34.1% | -14.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | 9.6% | -6.4% | ||
| Q2 24 | — | -8.7% |
每股收益（稀释后）BKVRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.78 | $0.50 | ||
| Q3 25 | $0.90 | $-0.07 | ||
| Q2 25 | $1.23 | $-0.06 | ||
| Q1 25 | $-0.93 | $-0.15 | ||
| Q4 24 | — | $0.05 | ||
| Q3 24 | $0.18 | $-0.08 | ||
| Q2 24 | — | $-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 | $199.4M | $67.6M |
| 总债务越低越好 | $486.8M | — |
| 股东权益账面价值 | $2.0B | $419.1M |
| 总资产 | $3.1B | — |
| 负债/权益比越低杠杆越低 | 0.24× | — |
8季度趋势，按日历期对齐
现金及短期投资BKVRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $199.4M | $96.4M | ||
| Q3 25 | $83.1M | $74.8M | ||
| Q2 25 | $21.4M | $60.5M | ||
| Q1 25 | $15.3M | $71.2M | ||
| Q4 24 | — | $87.8M | ||
| Q3 24 | $31.3M | $37.2M | ||
| Q2 24 | — | $64.6M |
总债务BKVRBBN
| Q1 26 | — | — | ||
| Q4 25 | $486.8M | $342.1M | ||
| Q3 25 | $486.6M | $344.3M | ||
| Q2 25 | $200.0M | $346.5M | ||
| Q1 25 | $200.0M | $347.4M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | $190.0M | $349.1M | ||
| Q2 24 | — | $350.0M |
股东权益BKVRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $2.0B | $449.0M | ||
| Q3 25 | $1.8B | $360.1M | ||
| Q2 25 | $1.6B | $370.4M | ||
| Q1 25 | $1.5B | $381.8M | ||
| Q4 24 | — | $404.6M | ||
| Q3 24 | $1.6B | $395.5M | ||
| Q2 24 | — | $405.0M |
总资产BKVRBBN
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $1.2B | ||
| Q3 25 | $2.9B | $1.1B | ||
| Q2 25 | $2.3B | $1.1B | ||
| Q1 25 | $2.3B | $1.1B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $2.3B | $1.1B | ||
| Q2 24 | — | $1.1B |
负债/权益比BKVRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.24× | 0.76× | ||
| Q3 25 | 0.27× | 0.96× | ||
| Q2 25 | 0.13× | 0.94× | ||
| Q1 25 | 0.13× | 0.91× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | 0.12× | 0.88× | ||
| Q2 24 | — | 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 | $69.4M | — |
| 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 | 0.99× | — |
| 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BKVRBBN
| Q1 26 | — | — | ||
| Q4 25 | $69.4M | $29.2M | ||
| Q3 25 | $74.5M | $26.5M | ||
| Q2 25 | $76.2M | $-795.0K | ||
| Q1 25 | $22.6M | $-3.5M | ||
| Q4 24 | — | $61.8M | ||
| Q3 24 | — | $-14.8M | ||
| Q2 24 | — | $-9.8M |
自由现金流BKVRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $27.3M | ||
| Q3 25 | $-126.9M | $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BKVRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | -63.5% | 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BKVRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | 100.9% | 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BKVRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.99× | — | ||
| Q3 25 | 0.97× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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
BKV
| Natural Gas NGL And Oil | $249.3M | 97% |
| Related Party And Other | $4.7M | 2% |
| Marketing | $2.8M | 1% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
