vs
Cambium Networks Corp（CMBM）与Rumble Inc.（RUM）财务数据对比。点击上方公司名可切换其他公司
Cambium Networks Corp的季度营收约是Rumble Inc.的1.5倍（$40.3M vs $27.1M），Cambium Networks Corp净利率更高（-17.9% vs -120.8%，领先102.8%），Rumble Inc.同比增速更快（-10.5% vs -23.2%），Cambium Networks Corp自由现金流更多（$-10.8M vs $-31.7M），过去两年Rumble Inc.的营收复合增速更高（15.2% vs -27.2%）
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。
Rumble Inc.是一家加美跨国企业，主营在线视频平台、网络托管及云服务，总部位于加拿大多伦多，美国总部设在佛罗里达州朗博特基。公司由加拿大科技创业者克里斯·帕夫洛夫斯基于2013年创立，云服务板块为Truth Social提供托管支持，其视频平台在美国保守派及极右翼用户群体中广受欢迎，属于“另类科技”阵营。
CMBM vs RUM — 直观对比
营收规模更大
CMBM
是对方的1.5倍
$27.1M
营收增速更快
RUM
高出12.7%
-23.2%
净利率更高
CMBM
高出102.8%
-120.8%
自由现金流更多
CMBM
多$20.9M
$-31.7M
两年增速更快
RUM
近两年复合增速
-27.2%
损益表 — Q4 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $40.3M | $27.1M |
| 净利润 | $-7.2M | $-32.7M |
| 毛利率 | 36.6% | 5.5% |
| 营业利润率 | -28.4% | -131.1% |
| 净利率 | -17.9% | -120.8% |
| 营收同比 | -23.2% | -10.5% |
| 净利润同比 | 71.0% | 86.2% |
| 每股收益（稀释后） | $-0.26 | $-0.13 |
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CMBMRUM
| Q4 25 | — | $27.1M | ||
| Q3 25 | — | $24.8M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | $40.3M | $30.2M | ||
| Q3 24 | $44.7M | $25.1M | ||
| Q2 24 | $45.2M | $22.5M | ||
| Q1 24 | $47.1M | $17.7M | ||
| Q4 23 | $52.5M | $20.4M |
净利润CMBMRUM
| Q4 25 | — | $-32.7M | ||
| Q3 25 | — | $-16.3M | ||
| Q1 25 | — | $-2.7M | ||
| Q4 24 | $-7.2M | $-236.8M | ||
| Q3 24 | $-34.5M | $-31.5M | ||
| Q2 24 | $-14.2M | $-26.8M | ||
| Q1 24 | $-18.4M | $-43.3M | ||
| Q4 23 | $-24.9M | $-29.3M |
毛利率CMBMRUM
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | -1.8% | ||
| Q1 25 | — | -26.7% | ||
| Q4 24 | 36.6% | -14.2% | ||
| Q3 24 | 43.6% | -45.4% | ||
| Q2 24 | 32.5% | -58.8% | ||
| Q1 24 | 29.8% | -79.5% | ||
| Q4 23 | 15.2% | — |
营业利润率CMBMRUM
| Q4 25 | — | -131.1% | ||
| Q3 25 | — | -113.6% | ||
| Q1 25 | — | -153.5% | ||
| Q4 24 | -28.4% | -80.1% | ||
| Q3 24 | -69.6% | -131.0% | ||
| Q2 24 | -27.2% | -172.7% | ||
| Q1 24 | -33.1% | -197.4% | ||
| Q4 23 | -44.5% | -182.5% |
净利率CMBMRUM
| Q4 25 | — | -120.8% | ||
| Q3 25 | — | -65.7% | ||
| Q1 25 | — | -11.2% | ||
| Q4 24 | -17.9% | -783.2% | ||
| Q3 24 | -77.3% | -125.9% | ||
| Q2 24 | -31.5% | -119.2% | ||
| Q1 24 | -39.2% | -244.1% | ||
| Q4 23 | -47.5% | -143.6% |
每股收益（稀释后）CMBMRUM
| Q4 25 | — | $-0.13 | ||
| Q3 25 | — | $-0.06 | ||
| Q1 25 | — | $-0.01 | ||
| Q4 24 | $-0.26 | $-1.17 | ||
| Q3 24 | $-1.22 | $-0.15 | ||
| Q2 24 | $-0.51 | $-0.13 | ||
| Q1 24 | $-0.66 | $-0.21 | ||
| Q4 23 | $-0.90 | $-0.15 |
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 | — | $237.9M |
| 总债务越低越好 | $67.6M | — |
| 股东权益账面价值 | $-3.2M | $274.8M |
| 总资产 | $173.7M | $336.8M |
| 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CMBMRUM
| Q4 25 | — | $237.9M | ||
| Q3 25 | — | $269.8M | ||
| Q1 25 | — | $301.3M | ||
| Q4 24 | — | $114.0M | ||
| Q3 24 | — | $132.0M | ||
| Q2 24 | — | $154.2M | ||
| Q1 24 | — | $183.8M | ||
| Q4 23 | — | $219.5M |
总债务CMBMRUM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $67.6M | — | ||
| Q3 24 | $67.6M | — | ||
| Q2 24 | $68.9M | — | ||
| Q1 24 | $63.8M | — | ||
| Q4 23 | $25.1M | — |
股东权益CMBMRUM
| Q4 25 | — | $274.8M | ||
| Q3 25 | — | $302.2M | ||
| Q1 25 | — | $339.6M | ||
| Q4 24 | $-3.2M | $-63.1M | ||
| Q3 24 | $1.9M | $166.1M | ||
| Q2 24 | $34.1M | $192.7M | ||
| Q1 24 | $45.0M | $210.7M | ||
| Q4 23 | $61.1M | $251.6M |
总资产CMBMRUM
| Q4 25 | — | $336.8M | ||
| Q3 25 | — | $367.2M | ||
| Q1 25 | — | $391.1M | ||
| Q4 24 | $173.7M | $195.3M | ||
| Q3 24 | $194.3M | $217.2M | ||
| Q2 24 | $221.1M | $243.2M | ||
| Q1 24 | $219.8M | $263.0M | ||
| Q4 23 | $209.1M | $295.7M |
负债/权益比CMBMRUM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.12× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.42× | — | ||
| Q4 23 | 0.41× | — |
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 | $-29.4M |
| 自由现金流经营现金流 - 资本支出 | $-10.8M | $-31.7M |
| 自由现金流率自由现金流/营收 | -26.8% | -117.2% |
| 资本支出强度资本支出/营收 | 1.1% | 8.5% |
| 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 | $-70.8M |
8季度趋势，按日历期对齐
经营现金流CMBMRUM
| Q4 25 | — | $-29.4M | ||
| Q3 25 | — | $-10.6M | ||
| Q1 25 | — | $-14.5M | ||
| Q4 24 | $-10.4M | $-12.4M | ||
| Q3 24 | $8.9M | $-19.1M | ||
| Q2 24 | $2.4M | $-21.7M | ||
| Q1 24 | $-15.9M | $-33.9M | ||
| Q4 23 | $-5.8M | $-33.1M |
自由现金流CMBMRUM
| Q4 25 | — | $-31.7M | ||
| Q3 25 | — | $-12.0M | ||
| Q1 25 | — | $-14.6M | ||
| Q4 24 | $-10.8M | $-12.4M | ||
| Q3 24 | $6.8M | $-19.9M | ||
| Q2 24 | $87.0K | $-23.1M | ||
| Q1 24 | $-17.4M | $-34.3M | ||
| Q4 23 | $-7.4M | $-36.6M |
自由现金流率CMBMRUM
| Q4 25 | — | -117.2% | ||
| Q3 25 | — | -48.6% | ||
| Q1 25 | — | -61.7% | ||
| Q4 24 | -26.8% | -40.9% | ||
| Q3 24 | 15.2% | -79.5% | ||
| Q2 24 | 0.2% | -102.8% | ||
| Q1 24 | -37.0% | -193.3% | ||
| Q4 23 | -14.0% | -179.7% |
资本支出强度CMBMRUM
| Q4 25 | — | 8.5% | ||
| Q3 25 | — | 5.7% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 1.1% | 0.1% | ||
| Q3 24 | 4.8% | 3.4% | ||
| Q2 24 | 5.1% | 6.1% | ||
| Q1 24 | 3.3% | 2.4% | ||
| Q4 23 | 3.1% | 17.5% |
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% |
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
