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Cadre Holdings, Inc.（CDRE）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
Cadre Holdings, Inc.的季度营收约是Ribbon Communications Inc.的1.0倍（$167.2M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 7.0%，领先47.8%），Cadre Holdings, Inc.同比增速更快（-5.0% vs -10.3%），过去两年Cadre Holdings, Inc.的营收复合增速更高（10.1% vs -8.1%）
Cadre Holdings, Inc.是美国金融科技企业，面向个人及机构客户提供房地产投资项目直投渠道，覆盖纽约等地的商业地产。公司打造的投资平台支持投资者自主选择参与的具体交易项目，且投资门槛远低于全额收购物业所需资金，让不动产投资变得更接近股票交易，获得财经媒体的广泛认可。
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。
CDRE vs RBBN — 直观对比
营收规模更大
CDRE
是对方的1.0倍
$162.6M
营收增速更快
CDRE
高出5.3%
-10.3%
净利率更高
RBBN
高出47.8%
7.0%
两年增速更快
CDRE
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $167.2M | $162.6M |
| 净利润 | $11.7M | $89.1M |
| 毛利率 | 43.4% | 42.9% |
| 营业利润率 | 12.2% | 37.6% |
| 净利率 | 7.0% | 54.8% |
| 营收同比 | -5.0% | -10.3% |
| 净利润同比 | -9.6% | — |
| 每股收益（稀释后） | $0.22 | $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CDRERBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $167.2M | $227.3M | ||
| Q3 25 | $155.9M | $215.4M | ||
| Q2 25 | $157.1M | $220.6M | ||
| Q1 25 | $130.1M | $181.3M | ||
| Q4 24 | $176.0M | $251.4M | ||
| Q3 24 | $109.4M | $210.2M | ||
| Q2 24 | $144.3M | $192.6M |
净利润CDRERBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $11.7M | — | ||
| Q3 25 | $10.9M | $-12.1M | ||
| Q2 25 | $12.2M | $-11.1M | ||
| Q1 25 | $9.2M | $-26.2M | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $3.7M | $-13.4M | ||
| Q2 24 | $12.6M | $-16.8M |
毛利率CDRERBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 43.4% | 53.3% | ||
| Q3 25 | 42.7% | 50.1% | ||
| Q2 25 | 40.9% | 49.6% | ||
| Q1 25 | 43.1% | 45.4% | ||
| Q4 24 | 43.9% | 55.7% | ||
| Q3 24 | 36.6% | 52.1% | ||
| Q2 24 | 40.6% | 50.8% |
营业利润率CDRERBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 12.2% | 4.1% | ||
| Q3 25 | 12.0% | 1.3% | ||
| Q2 25 | 9.3% | 1.9% | ||
| Q1 25 | 10.4% | -10.8% | ||
| Q4 24 | 16.7% | 13.2% | ||
| Q3 24 | 5.0% | -0.4% | ||
| Q2 24 | 13.8% | -1.0% |
净利率CDRERBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 7.0% | — | ||
| Q3 25 | 7.0% | -5.6% | ||
| Q2 25 | 7.8% | -5.0% | ||
| Q1 25 | 7.1% | -14.5% | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 3.3% | -6.4% | ||
| Q2 24 | 8.7% | -8.7% |
每股收益（稀释后）CDRERBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.22 | $0.50 | ||
| Q3 25 | $0.27 | $-0.07 | ||
| Q2 25 | $0.30 | $-0.06 | ||
| Q1 25 | $0.23 | $-0.15 | ||
| Q4 24 | $0.32 | $0.05 | ||
| Q3 24 | $0.09 | $-0.08 | ||
| Q2 24 | $0.31 | $-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 | $122.9M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $317.8M | $419.1M |
| 总资产 | $770.0M | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CDRERBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $122.9M | $96.4M | ||
| Q3 25 | $150.9M | $74.8M | ||
| Q2 25 | $137.5M | $60.5M | ||
| Q1 25 | $133.4M | $71.2M | ||
| Q4 24 | $124.9M | $87.8M | ||
| Q3 24 | $93.0M | $37.2M | ||
| Q2 24 | $105.9M | $64.6M |
总债务CDRERBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $342.1M | ||
| Q3 25 | — | $344.3M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $347.4M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
股东权益CDRERBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $317.8M | $449.0M | ||
| Q3 25 | $340.4M | $360.1M | ||
| Q2 25 | $332.5M | $370.4M | ||
| Q1 25 | $317.6M | $381.8M | ||
| Q4 24 | $311.5M | $404.6M | ||
| Q3 24 | $300.3M | $395.5M | ||
| Q2 24 | $299.4M | $405.0M |
总资产CDRERBBN
| Q1 26 | — | — | ||
| Q4 25 | $770.0M | $1.2B | ||
| Q3 25 | $792.1M | $1.1B | ||
| Q2 25 | $794.4M | $1.1B | ||
| Q1 25 | $656.3M | $1.1B | ||
| Q4 24 | $652.7M | $1.2B | ||
| Q3 24 | $616.6M | $1.1B | ||
| Q2 24 | $620.6M | $1.1B |
负债/权益比CDRERBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | 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 | $21.3M | — |
| 自由现金流经营现金流 - 资本支出 | $18.0M | — |
| 自由现金流率自由现金流/营收 | 10.7% | — |
| 资本支出强度资本支出/营收 | 2.0% | — |
| 现金转化率经营现金流/净利润 | 1.81× | — |
| 过去12个月自由现金流最近4个季度 | $56.8M | — |
8季度趋势，按日历期对齐
经营现金流CDRERBBN
| Q1 26 | — | — | ||
| Q4 25 | $21.3M | $29.2M | ||
| Q3 25 | $22.5M | $26.5M | ||
| Q2 25 | $2.6M | $-795.0K | ||
| Q1 25 | $17.4M | $-3.5M | ||
| Q4 24 | $23.7M | $61.8M | ||
| Q3 24 | $-5.2M | $-14.8M | ||
| Q2 24 | $11.1M | $-9.8M |
自由现金流CDRERBBN
| Q1 26 | — | — | ||
| Q4 25 | $18.0M | $27.3M | ||
| Q3 25 | $21.6M | $21.0M | ||
| Q2 25 | $1.2M | $-6.5M | ||
| Q1 25 | $16.1M | $-15.7M | ||
| Q4 24 | $22.4M | $53.8M | ||
| Q3 24 | $-6.2M | $-23.7M | ||
| Q2 24 | $9.1M | $-12.9M |
自由现金流率CDRERBBN
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | 12.0% | ||
| Q3 25 | 13.9% | 9.7% | ||
| Q2 25 | 0.7% | -2.9% | ||
| Q1 25 | 12.4% | -8.7% | ||
| Q4 24 | 12.7% | 21.4% | ||
| Q3 24 | -5.7% | -11.3% | ||
| Q2 24 | 6.3% | -6.7% |
资本支出强度CDRERBBN
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 0.9% | ||
| Q3 25 | 0.5% | 2.6% | ||
| Q2 25 | 0.9% | 2.6% | ||
| Q1 25 | 1.0% | 6.7% | ||
| Q4 24 | 0.7% | 3.2% | ||
| Q3 24 | 0.9% | 4.2% | ||
| Q2 24 | 1.4% | 1.6% |
现金转化率CDRERBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.81× | — | ||
| Q3 25 | 2.05× | — | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | 1.88× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | -1.43× | — | ||
| Q2 24 | 0.89× | — |
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
CDRE
| U.s.state And Local Agencies | $72.7M | 43% |
| Other | $48.6M | 29% |
| U.s.Federal Agencies | $31.6M | 19% |
| Commercial | $12.0M | 7% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
