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BRC Inc.（BRCC）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BRC Inc.的1.4倍（$162.6M vs $112.7M），Ribbon Communications Inc.净利率更高（54.8% vs -2.8%，领先57.6%），BRC Inc.同比增速更快（6.5% vs -10.3%），过去两年BRC Inc.的营收复合增速更高（7.0% vs -8.1%）
BRC Inc.是一家美国高端咖啡与生活方式品牌，主营烘焙咖啡豆、即饮咖啡饮品、品牌服饰及户外装备，核心客群包含退伍军人、急救人员与户外爱好者，在北美地区通过电商及线下实体门店渠道销售产品。
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。
BRCC vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.4倍
$112.7M
营收增速更快
BRCC
高出16.8%
-10.3%
净利率更高
RBBN
高出57.6%
-2.8%
两年增速更快
BRCC
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $112.7M | $162.6M |
| 净利润 | $-3.2M | $89.1M |
| 毛利率 | 32.1% | 42.9% |
| 营业利润率 | -6.3% | 37.6% |
| 净利率 | -2.8% | 54.8% |
| 营收同比 | 6.5% | -10.3% |
| 净利润同比 | -29.3% | — |
| 每股收益（稀释后） | $-0.02 | $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BRCCRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $112.7M | $227.3M | ||
| Q3 25 | $100.7M | $215.4M | ||
| Q2 25 | $94.8M | $220.6M | ||
| Q1 25 | $90.0M | $181.3M | ||
| Q4 24 | $105.9M | $251.4M | ||
| Q3 24 | $98.2M | $210.2M | ||
| Q2 24 | $89.0M | $192.6M |
净利润BRCCRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $-3.2M | — | ||
| Q3 25 | $-486.0K | $-12.1M | ||
| Q2 25 | $-5.3M | $-11.1M | ||
| Q1 25 | $-2.9M | $-26.2M | ||
| Q4 24 | $-2.5M | — | ||
| Q3 24 | $-535.0K | $-13.4M | ||
| Q2 24 | $-482.0K | $-16.8M |
毛利率BRCCRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 32.1% | 53.3% | ||
| Q3 25 | 36.9% | 50.1% | ||
| Q2 25 | 33.9% | 49.6% | ||
| Q1 25 | 36.1% | 45.4% | ||
| Q4 24 | 38.1% | 55.7% | ||
| Q3 24 | 42.1% | 52.1% | ||
| Q2 24 | 41.9% | 50.8% |
营业利润率BRCCRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | -6.3% | 4.1% | ||
| Q3 25 | 0.5% | 1.3% | ||
| Q2 25 | -13.3% | 1.9% | ||
| Q1 25 | -6.0% | -10.8% | ||
| Q4 24 | -2.1% | 13.2% | ||
| Q3 24 | 1.1% | -0.4% | ||
| Q2 24 | 1.1% | -1.0% |
净利率BRCCRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | -2.8% | — | ||
| Q3 25 | -0.5% | -5.6% | ||
| Q2 25 | -5.6% | -5.0% | ||
| Q1 25 | -3.2% | -14.5% | ||
| Q4 24 | -2.3% | — | ||
| Q3 24 | -0.5% | -6.4% | ||
| Q2 24 | -0.5% | -8.7% |
每股收益（稀释后）BRCCRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-0.02 | $0.50 | ||
| Q3 25 | $0.00 | $-0.07 | ||
| Q2 25 | $-0.07 | $-0.06 | ||
| Q1 25 | $-0.04 | $-0.15 | ||
| Q4 24 | $-0.03 | $0.05 | ||
| Q3 24 | $-0.01 | $-0.08 | ||
| Q2 24 | $-0.01 | $-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 | $4.3M | $67.6M |
| 总债务越低越好 | $34.7M | — |
| 股东权益账面价值 | $45.7M | $419.1M |
| 总资产 | $209.2M | — |
| 负债/权益比越低杠杆越低 | 0.76× | — |
8季度趋势，按日历期对齐
现金及短期投资BRCCRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $4.3M | $96.4M | ||
| Q3 25 | $9.5M | $74.8M | ||
| Q2 25 | $4.3M | $60.5M | ||
| Q1 25 | $3.9M | $71.2M | ||
| Q4 24 | $6.8M | $87.8M | ||
| Q3 24 | $7.3M | $37.2M | ||
| Q2 24 | $9.6M | $64.6M |
总债务BRCCRBBN
| Q1 26 | — | — | ||
| Q4 25 | $34.7M | $342.1M | ||
| Q3 25 | $35.0M | $344.3M | ||
| Q2 25 | $72.7M | $346.5M | ||
| Q1 25 | $68.8M | $347.4M | ||
| Q4 24 | $65.1M | $348.3M | ||
| Q3 24 | $64.9M | $349.1M | ||
| Q2 24 | $66.5M | $350.0M |
股东权益BRCCRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $45.7M | $449.0M | ||
| Q3 25 | $48.0M | $360.1M | ||
| Q2 25 | $10.1M | $370.4M | ||
| Q1 25 | $11.2M | $381.8M | ||
| Q4 24 | $13.2M | $404.6M | ||
| Q3 24 | $14.5M | $395.5M | ||
| Q2 24 | $14.9M | $405.0M |
总资产BRCCRBBN
| Q1 26 | — | — | ||
| Q4 25 | $209.2M | $1.2B | ||
| Q3 25 | $222.4M | $1.1B | ||
| Q2 25 | $225.3M | $1.1B | ||
| Q1 25 | $222.9M | $1.1B | ||
| Q4 24 | $227.4M | $1.2B | ||
| Q3 24 | $233.7M | $1.1B | ||
| Q2 24 | $229.9M | $1.1B |
负债/权益比BRCCRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.76× | 0.76× | ||
| Q3 25 | 0.73× | 0.96× | ||
| Q2 25 | 7.19× | 0.94× | ||
| Q1 25 | 6.15× | 0.91× | ||
| Q4 24 | 4.94× | 0.86× | ||
| Q3 24 | 4.47× | 0.88× | ||
| Q2 24 | 4.46× | 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 | $-8.7M | — |
| 自由现金流经营现金流 - 资本支出 | $-9.4M | — |
| 自由现金流率自由现金流/营收 | -8.3% | — |
| 资本支出强度资本支出/营收 | 0.6% | — |
| 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 | $-13.5M | — |
8季度趋势，按日历期对齐
经营现金流BRCCRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-8.7M | $29.2M | ||
| Q3 25 | $6.4M | $26.5M | ||
| Q2 25 | $-3.3M | $-795.0K | ||
| Q1 25 | $-4.1M | $-3.5M | ||
| Q4 24 | $2.2M | $61.8M | ||
| Q3 24 | $1.9M | $-14.8M | ||
| Q2 24 | $2.3M | $-9.8M |
自由现金流BRCCRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-9.4M | $27.3M | ||
| Q3 25 | $5.6M | $21.0M | ||
| Q2 25 | $-4.3M | $-6.5M | ||
| Q1 25 | $-5.3M | $-15.7M | ||
| Q4 24 | $504.0K | $53.8M | ||
| Q3 24 | $-205.0K | $-23.7M | ||
| Q2 24 | $147.0K | $-12.9M |
自由现金流率BRCCRBBN
| Q1 26 | — | — | ||
| Q4 25 | -8.3% | 12.0% | ||
| Q3 25 | 5.5% | 9.7% | ||
| Q2 25 | -4.5% | -2.9% | ||
| Q1 25 | -5.9% | -8.7% | ||
| Q4 24 | 0.5% | 21.4% | ||
| Q3 24 | -0.2% | -11.3% | ||
| Q2 24 | 0.2% | -6.7% |
资本支出强度BRCCRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 0.9% | ||
| Q3 25 | 0.8% | 2.6% | ||
| Q2 25 | 1.0% | 2.6% | ||
| Q1 25 | 1.3% | 6.7% | ||
| Q4 24 | 1.6% | 3.2% | ||
| Q3 24 | 2.2% | 4.2% | ||
| Q2 24 | 2.4% | 1.6% |
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
BRCC
| Sales Channel Through Intermediary | $72.9M | 65% |
| Sales Channel Directly To Consumer | $34.4M | 31% |
| Outpost | $5.4M | 5% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
