vs
BrightSpire Capital, Inc.（BRSP）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BrightSpire Capital, Inc.的2.0倍（$162.6M vs $83.2M），Ribbon Communications Inc.净利率更高（54.8% vs -17.3%，领先72.0%），BrightSpire Capital, Inc.同比增速更快（-0.4% vs -10.3%），过去两年BrightSpire Capital, Inc.的营收复合增速更高（-6.8% vs -8.1%）
该公司是英国大型投资信托，专注投资于商业服务、消费、教育与科技领域的中型市场企业，在伦敦证券交易所上市，是富时250指数的成份股。
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。
BRSP vs RBBN — 直观对比
营收规模更大
RBBN
是对方的2.0倍
$83.2M
营收增速更快
BRSP
高出9.9%
-10.3%
净利率更高
RBBN
高出72.0%
-17.3%
两年增速更快
BRSP
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $83.2M | $162.6M |
| 净利润 | $-14.4M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | — | — |
| 净利率 | -17.3% | 54.8% |
| 营收同比 | -0.4% | -10.3% |
| 净利润同比 | 27.3% | — |
| 每股收益（稀释后） | $-0.11 | $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BRSPRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $83.2M | $227.3M | ||
| Q3 25 | $83.9M | $215.4M | ||
| Q2 25 | $85.9M | $220.6M | ||
| Q1 25 | $77.6M | $181.3M | ||
| Q4 24 | $83.5M | $251.4M | ||
| Q3 24 | $88.2M | $210.2M | ||
| Q2 24 | $91.4M | $192.6M |
净利润BRSPRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $-14.4M | — | ||
| Q3 25 | $984.0K | $-12.1M | ||
| Q2 25 | $-23.1M | $-11.1M | ||
| Q1 25 | $5.3M | $-26.2M | ||
| Q4 24 | $-19.7M | — | ||
| Q3 24 | $12.7M | $-13.4M | ||
| Q2 24 | $-67.9M | $-16.8M |
毛利率BRSPRBBN
| 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BRSPRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | -1.7% | 1.3% | ||
| Q2 25 | -54.5% | 1.9% | ||
| Q1 25 | 5.1% | -10.8% | ||
| Q4 24 | -24.9% | 13.2% | ||
| Q3 24 | 13.2% | -0.4% | ||
| Q2 24 | -74.9% | -1.0% |
净利率BRSPRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | -17.3% | — | ||
| Q3 25 | 1.2% | -5.6% | ||
| Q2 25 | -26.9% | -5.0% | ||
| Q1 25 | 6.9% | -14.5% | ||
| Q4 24 | -23.7% | — | ||
| Q3 24 | 14.4% | -6.4% | ||
| Q2 24 | -74.2% | -8.7% |
每股收益（稀释后）BRSPRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-0.11 | $0.50 | ||
| Q3 25 | $0.00 | $-0.07 | ||
| Q2 25 | $-0.19 | $-0.06 | ||
| Q1 25 | $0.04 | $-0.15 | ||
| Q4 24 | $-0.16 | $0.05 | ||
| Q3 24 | $0.09 | $-0.08 | ||
| Q2 24 | $-0.53 | $-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 | $66.8M | $67.6M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $938.4M | $419.1M |
| 总资产 | $3.6B | — |
| 负债/权益比越低杠杆越低 | 2.63× | — |
8季度趋势，按日历期对齐
现金及短期投资BRSPRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $66.8M | $96.4M | ||
| Q3 25 | $113.4M | $74.8M | ||
| Q2 25 | $154.3M | $60.5M | ||
| Q1 25 | $200.9M | $71.2M | ||
| Q4 24 | $302.2M | $87.8M | ||
| Q3 24 | $263.8M | $37.2M | ||
| Q2 24 | $203.3M | $64.6M |
总债务BRSPRBBN
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $342.1M | ||
| Q3 25 | $2.2B | $344.3M | ||
| Q2 25 | $2.3B | $346.5M | ||
| Q1 25 | $2.3B | $347.4M | ||
| Q4 24 | $2.5B | $348.3M | ||
| Q3 24 | $2.6B | $349.1M | ||
| Q2 24 | $2.5B | $350.0M |
股东权益BRSPRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $938.4M | $449.0M | ||
| Q3 25 | $976.4M | $360.1M | ||
| Q2 25 | $994.4M | $370.4M | ||
| Q1 25 | $1.0B | $381.8M | ||
| Q4 24 | $1.0B | $404.6M | ||
| Q3 24 | $1.1B | $395.5M | ||
| Q2 24 | $1.1B | $405.0M |
总资产BRSPRBBN
| Q1 26 | — | — | ||
| Q4 25 | $3.6B | $1.2B | ||
| Q3 25 | $3.3B | $1.1B | ||
| Q2 25 | $3.4B | $1.1B | ||
| Q1 25 | $3.6B | $1.1B | ||
| Q4 24 | $3.7B | $1.2B | ||
| Q3 24 | $3.8B | $1.1B | ||
| Q2 24 | $3.8B | $1.1B |
负债/权益比BRSPRBBN
| Q1 26 | — | — | ||
| Q4 25 | 2.63× | 0.76× | ||
| Q3 25 | 2.22× | 0.96× | ||
| Q2 25 | 2.27× | 0.94× | ||
| Q1 25 | 2.27× | 0.91× | ||
| Q4 24 | 2.38× | 0.86× | ||
| Q3 24 | 2.36× | 0.88× | ||
| Q2 24 | 2.28× | 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 | $73.0M | — |
| 自由现金流经营现金流 - 资本支出 | $55.1M | — |
| 自由现金流率自由现金流/营收 | 66.2% | — |
| 资本支出强度资本支出/营收 | 21.6% | — |
| 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 | $102.0M | — |
8季度趋势，按日历期对齐
经营现金流BRSPRBBN
| Q1 26 | — | — | ||
| Q4 25 | $73.0M | $29.2M | ||
| Q3 25 | $29.9M | $26.5M | ||
| Q2 25 | $17.4M | $-795.0K | ||
| Q1 25 | $10.5M | $-3.5M | ||
| Q4 24 | $103.4M | $61.8M | ||
| Q3 24 | $31.3M | $-14.8M | ||
| Q2 24 | $22.9M | $-9.8M |
自由现金流BRSPRBBN
| Q1 26 | — | — | ||
| Q4 25 | $55.1M | $27.3M | ||
| Q3 25 | $27.4M | $21.0M | ||
| Q2 25 | $11.6M | $-6.5M | ||
| Q1 25 | $8.0M | $-15.7M | ||
| Q4 24 | $97.3M | $53.8M | ||
| Q3 24 | $28.3M | $-23.7M | ||
| Q2 24 | $22.7M | $-12.9M |
自由现金流率BRSPRBBN
| Q1 26 | — | — | ||
| Q4 25 | 66.2% | 12.0% | ||
| Q3 25 | 32.7% | 9.7% | ||
| Q2 25 | 13.4% | -2.9% | ||
| Q1 25 | 10.3% | -8.7% | ||
| Q4 24 | 116.6% | 21.4% | ||
| Q3 24 | 32.1% | -11.3% | ||
| Q2 24 | 24.9% | -6.7% |
资本支出强度BRSPRBBN
| Q1 26 | — | — | ||
| Q4 25 | 21.6% | 0.9% | ||
| Q3 25 | 2.9% | 2.6% | ||
| Q2 25 | 6.8% | 2.6% | ||
| Q1 25 | 3.2% | 6.7% | ||
| Q4 24 | 7.3% | 3.2% | ||
| Q3 24 | 3.4% | 4.2% | ||
| Q2 24 | 0.1% | 1.6% |
现金转化率BRSPRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 30.36× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.46× | — | ||
| 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
BRSP
暂无分部数据
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
