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CBL & ASSOCIATES PROPERTIES INC（CBL）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CBL & ASSOCIATES PROPERTIES INC的1.0倍（$162.6M vs $156.4M），Ribbon Communications Inc.净利率更高（54.8% vs 31.3%，领先23.5%），CBL & ASSOCIATES PROPERTIES INC同比增速更快（18.8% vs -10.3%），过去两年CBL & ASSOCIATES PROPERTIES INC的营收复合增速更高（10.1% vs -8.1%）
CBL联合地产是一家美国房地产投资信托企业，核心投资布局为购物中心与商业摩尔，业务主要集中在美国东南部与中西部地区。公司在特拉华州注册，总部设于田纳西州查塔努加，该城市也是其最大的布局市场，公司名称取自创始人查尔斯·B·勒博维茨的姓名首字母。
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。
CBL vs RBBN — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $156.4M | $162.6M |
| 净利润 | $49.0M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | — | 37.6% |
| 净利率 | 31.3% | 54.8% |
| 营收同比 | 18.8% | -10.3% |
| 净利润同比 | 29.0% | — |
| 每股收益（稀释后） | $1.61 | $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
| Q1 26 | — | $162.6M | ||
| Q4 25 | $156.4M | $227.3M | ||
| Q3 25 | $139.3M | $215.4M | ||
| Q2 25 | $140.9M | $220.6M | ||
| Q1 25 | $141.8M | $181.3M | ||
| Q4 24 | $131.7M | $251.4M | ||
| Q3 24 | $125.1M | $210.2M | ||
| Q2 24 | $129.7M | $192.6M |
| Q1 26 | — | $89.1M | ||
| Q4 25 | $49.0M | — | ||
| Q3 25 | $75.4M | $-12.1M | ||
| Q2 25 | $2.8M | $-11.1M | ||
| Q1 25 | $8.8M | $-26.2M | ||
| Q4 24 | $38.0M | — | ||
| Q3 24 | $16.2M | $-13.4M | ||
| Q2 24 | $4.7M | $-16.8M |
| 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% |
| Q1 26 | — | 37.6% | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -10.8% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | -0.4% | ||
| Q2 24 | — | -1.0% |
| Q1 26 | — | 54.8% | ||
| Q4 25 | 31.3% | — | ||
| Q3 25 | 54.2% | -5.6% | ||
| Q2 25 | 2.0% | -5.0% | ||
| Q1 25 | 6.2% | -14.5% | ||
| Q4 24 | 28.8% | — | ||
| Q3 24 | 12.9% | -6.4% | ||
| Q2 24 | 3.7% | -8.7% |
| Q1 26 | — | $0.50 | ||
| Q4 25 | $1.61 | $0.50 | ||
| Q3 25 | $2.38 | $-0.07 | ||
| Q2 25 | $0.08 | $-0.06 | ||
| Q1 25 | $0.27 | $-0.15 | ||
| Q4 24 | $1.22 | $0.05 | ||
| Q3 24 | $0.52 | $-0.08 | ||
| Q2 24 | $0.14 | $-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 | $42.3M | $67.6M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $374.9M | $419.1M |
| 总资产 | $2.7B | — |
| 负债/权益比越低杠杆越低 | 5.79× | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $67.6M | ||
| Q4 25 | $42.3M | $96.4M | ||
| Q3 25 | $52.6M | $74.8M | ||
| Q2 25 | $100.3M | $60.5M | ||
| Q1 25 | $100.3M | $71.2M | ||
| Q4 24 | $40.8M | $87.8M | ||
| Q3 24 | $65.1M | $37.2M | ||
| Q2 24 | $57.7M | $64.6M |
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $342.1M | ||
| Q3 25 | $2.2B | $344.3M | ||
| Q2 25 | $2.1B | $346.5M | ||
| Q1 25 | $2.2B | $347.4M | ||
| Q4 24 | $2.2B | $348.3M | ||
| Q3 24 | $1.8B | $349.1M | ||
| Q2 24 | $1.9B | $350.0M |
| Q1 26 | — | $419.1M | ||
| Q4 25 | $374.9M | $449.0M | ||
| Q3 25 | $351.4M | $360.1M | ||
| Q2 25 | $289.4M | $370.4M | ||
| Q1 25 | $295.0M | $381.8M | ||
| Q4 24 | $323.5M | $404.6M | ||
| Q3 24 | $308.3M | $395.5M | ||
| Q2 24 | $308.8M | $405.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $1.2B | ||
| Q3 25 | $2.7B | $1.1B | ||
| Q2 25 | $2.6B | $1.1B | ||
| Q1 25 | $2.6B | $1.1B | ||
| Q4 24 | $2.7B | $1.2B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.3B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 5.79× | 0.76× | ||
| Q3 25 | 6.21× | 0.96× | ||
| Q2 25 | 7.39× | 0.94× | ||
| Q1 25 | 7.29× | 0.91× | ||
| Q4 24 | 6.84× | 0.86× | ||
| Q3 24 | 5.76× | 0.88× | ||
| Q2 24 | 6.00× | 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 | $249.7M | — |
| 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 | 5.10× | — |
| 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
| Q1 26 | — | — | ||
| Q4 25 | $249.7M | $29.2M | ||
| Q3 25 | $69.6M | $26.5M | ||
| Q2 25 | $68.3M | $-795.0K | ||
| Q1 25 | $31.7M | $-3.5M | ||
| Q4 24 | $202.2M | $61.8M | ||
| Q3 24 | $61.1M | $-14.8M | ||
| Q2 24 | $64.2M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $27.3M | ||
| Q3 25 | — | $21.0M | ||
| Q2 25 | — | $-6.5M | ||
| Q1 25 | — | $-15.7M | ||
| Q4 24 | — | $53.8M | ||
| Q3 24 | $46.0M | $-23.7M | ||
| Q2 24 | $54.8M | $-12.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | -2.9% | ||
| Q1 25 | — | -8.7% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | 36.8% | -11.3% | ||
| Q2 24 | 42.2% | -6.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | 12.1% | 4.2% | ||
| Q2 24 | 7.3% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 5.10× | — | ||
| Q3 25 | 0.92× | — | ||
| Q2 25 | 24.74× | — | ||
| Q1 25 | 3.60× | — | ||
| Q4 24 | 5.32× | — | ||
| Q3 24 | 3.77× | — | ||
| Q2 24 | 13.54× | — |
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
CBL
暂无分部数据
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
