vs
Cambium Networks Corp（CMBM）与HARMONIC INC.（HLIT）财务数据对比。点击上方公司名可切换其他公司
HARMONIC INC.净利率更高（103.4% vs -17.9%，领先121.3%）。Cambium Networks Corp同比增速更快（-23.2% vs -267.6%）。HARMONIC INC.自由现金流更多（$9.6M vs $-10.8M）。过去两年HARMONIC INC.的营收复合增速更高（NaN% vs NaN%）
坎布里姆网络公司是美国的无线通信设备制造商，主营企业WiFi、网络交换设备、物联网相关产品，以及面向企业的固定无线宽带、WiFi接入产品。该公司于2011年10月从摩托罗拉分拆，目前在纳斯达克上市。
哈莫尼克（Harmonic Inc.）是一家美国科技企业，核心业务为研发并销售视频路由、服务器与存储产品，主要服务对象是从事电视及互联网视频内容生产、处理与分发的企业，在视频基础设施领域拥有深厚的技术积累。
CMBM vs HLIT — 直观对比
营收规模更大
CMBM
是对方的-0.8倍
$-53.0M
营收增速更快
CMBM
高出244.4%
-267.6%
净利率更高
HLIT
高出121.3%
-17.9%
自由现金流更多
HLIT
多$20.4M
$-10.8M
两年增速更快
HLIT
近两年复合增速
-27.2%
损益表 — Q4 2024 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $40.3M | $-53.0M |
| 净利润 | $-7.2M | $-54.8M |
| 毛利率 | 36.6% | 103.3% |
| 营业利润率 | -28.4% | — |
| 净利率 | -17.9% | 103.4% |
| 营收同比 | -23.2% | -267.6% |
| 净利润同比 | 71.0% | -243.8% |
| 每股收益（稀释后） | $-0.26 | $-0.48 |
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CMBMHLIT
| Q4 25 | — | $-53.0M | ||
| Q3 25 | — | $142.4M | ||
| Q2 25 | — | $138.0M | ||
| Q1 25 | — | $133.1M | ||
| Q4 24 | $40.3M | $31.6M | ||
| Q3 24 | $44.7M | $195.8M | ||
| Q2 24 | $45.2M | $138.7M | ||
| Q1 24 | $47.1M | $122.1M |
净利润CMBMHLIT
| Q4 25 | — | $-54.8M | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | $5.9M | ||
| Q4 24 | $-7.2M | $38.1M | ||
| Q3 24 | $-34.5M | $21.7M | ||
| Q2 24 | $-14.2M | $-12.5M | ||
| Q1 24 | $-18.4M | $-8.1M |
毛利率CMBMHLIT
| Q4 25 | — | 103.3% | ||
| Q3 25 | — | 54.2% | ||
| Q2 25 | — | 53.5% | ||
| Q1 25 | — | 59.0% | ||
| Q4 24 | 36.6% | -3.7% | ||
| Q3 24 | 43.6% | 53.5% | ||
| Q2 24 | 32.5% | 52.9% | ||
| Q1 24 | 29.8% | 51.7% |
营业利润率CMBMHLIT
| Q4 25 | — | — | ||
| Q3 25 | — | 6.9% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | -28.4% | — | ||
| Q3 24 | -69.6% | 18.1% | ||
| Q2 24 | -27.2% | -11.3% | ||
| Q1 24 | -33.1% | -7.8% |
净利率CMBMHLIT
| Q4 25 | — | 103.4% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | -17.9% | 120.5% | ||
| Q3 24 | -77.3% | 11.1% | ||
| Q2 24 | -31.5% | -9.0% | ||
| Q1 24 | -39.2% | -6.6% |
每股收益（稀释后）CMBMHLIT
| Q4 25 | — | $-0.48 | ||
| Q3 25 | — | $0.02 | ||
| Q2 25 | — | $0.03 | ||
| Q1 25 | — | $0.05 | ||
| Q4 24 | $-0.26 | $0.32 | ||
| Q3 24 | $-1.22 | $0.19 | ||
| Q2 24 | $-0.51 | $-0.11 | ||
| Q1 24 | $-0.66 | $-0.07 |
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 | — | $124.1M |
| 总债务越低越好 | $67.6M | $112.1M |
| 股东权益账面价值 | $-3.2M | $383.2M |
| 总资产 | $173.7M | $718.5M |
| 负债/权益比越低杠杆越低 | — | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资CMBMHLIT
| Q4 25 | — | $124.1M | ||
| Q3 25 | — | $127.4M | ||
| Q2 25 | — | $123.9M | ||
| Q1 25 | — | $148.7M | ||
| Q4 24 | — | $101.5M | ||
| Q3 24 | — | $58.2M | ||
| Q2 24 | — | $45.9M | ||
| Q1 24 | — | $84.3M |
总债务CMBMHLIT
| Q4 25 | — | $112.1M | ||
| Q3 25 | — | $112.8M | ||
| Q2 25 | — | $113.3M | ||
| Q1 25 | — | $113.8M | ||
| Q4 24 | $67.6M | $114.3M | ||
| Q3 24 | $67.6M | $114.8M | ||
| Q2 24 | $68.9M | — | ||
| Q1 24 | $63.8M | — |
股东权益CMBMHLIT
| Q4 25 | — | $383.2M | ||
| Q3 25 | — | $443.0M | ||
| Q2 25 | — | $446.4M | ||
| Q1 25 | — | $446.1M | ||
| Q4 24 | $-3.2M | $465.3M | ||
| Q3 24 | $1.9M | $428.9M | ||
| Q2 24 | $34.1M | $392.8M | ||
| Q1 24 | $45.0M | $409.2M |
总资产CMBMHLIT
| Q4 25 | — | $718.5M | ||
| Q3 25 | — | $758.6M | ||
| Q2 25 | — | $783.3M | ||
| Q1 25 | — | $773.7M | ||
| Q4 24 | $173.7M | $796.5M | ||
| Q3 24 | $194.3M | $759.9M | ||
| Q2 24 | $221.1M | $713.7M | ||
| Q1 24 | $219.8M | $740.7M |
负债/权益比CMBMHLIT
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.25× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | 36.12× | 0.27× | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.42× | — |
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 | $-10.4M | $12.3M |
| 自由现金流经营现金流 - 资本支出 | $-10.8M | $9.6M |
| 自由现金流率自由现金流/营收 | -26.8% | -18.1% |
| 资本支出强度资本支出/营收 | 1.1% | -5.0% |
| 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 | $-21.4M | $96.9M |
8季度趋势，按日历期对齐
经营现金流CMBMHLIT
| Q4 25 | — | $12.3M | ||
| Q3 25 | — | $23.8M | ||
| Q2 25 | — | $-11.7M | ||
| Q1 25 | — | $83.6M | ||
| Q4 24 | $-10.4M | $48.5M | ||
| Q3 24 | $8.9M | $8.7M | ||
| Q2 24 | $2.4M | $-22.2M | ||
| Q1 24 | $-15.9M | $26.8M |
自由现金流CMBMHLIT
| Q4 25 | — | $9.6M | ||
| Q3 25 | — | $21.0M | ||
| Q2 25 | — | $-15.5M | ||
| Q1 25 | — | $81.7M | ||
| Q4 24 | $-10.8M | $46.2M | ||
| Q3 24 | $6.8M | $5.7M | ||
| Q2 24 | $87.0K | $-24.1M | ||
| Q1 24 | $-17.4M | $24.9M |
自由现金流率CMBMHLIT
| Q4 25 | — | -18.1% | ||
| Q3 25 | — | 14.8% | ||
| Q2 25 | — | -11.2% | ||
| Q1 25 | — | 61.4% | ||
| Q4 24 | -26.8% | 146.0% | ||
| Q3 24 | 15.2% | 2.9% | ||
| Q2 24 | 0.2% | -17.4% | ||
| Q1 24 | -37.0% | 20.4% |
资本支出强度CMBMHLIT
| Q4 25 | — | -5.0% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | 1.1% | 7.4% | ||
| Q3 24 | 4.8% | 1.5% | ||
| Q2 24 | 5.1% | 1.4% | ||
| Q1 24 | 3.3% | 1.6% |
现金转化率CMBMHLIT
| Q4 25 | — | — | ||
| Q3 25 | — | 8.82× | ||
| Q2 25 | — | -4.07× | ||
| Q1 25 | — | 14.07× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | — | ||
| Q1 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
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
HLIT
暂无分部数据
