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Cambium Networks Corp（CMBM）与REDWOOD TRUST INC（RWT）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REDWOOD TRUST INC的1.6倍（$40.3M vs $25.9M），REDWOOD TRUST INC净利率更高（77.2% vs -17.9%，领先95.2%），REDWOOD TRUST INC同比增速更快（-6.1% vs -23.2%），过去两年Cambium Networks Corp的营收复合增速更高（-27.2% vs -41.0%）
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。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
CMBM vs RWT — 直观对比
营收规模更大
CMBM
是对方的1.6倍
$25.9M
营收增速更快
RWT
高出17.1%
-23.2%
净利率更高
RWT
高出95.2%
-17.9%
两年增速更快
CMBM
近两年复合增速
-41.0%
损益表 — Q4 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $40.3M | $25.9M |
| 净利润 | $-7.2M | $20.0M |
| 毛利率 | 36.6% | — |
| 营业利润率 | -28.4% | — |
| 净利率 | -17.9% | 77.2% |
| 营收同比 | -23.2% | -6.1% |
| 净利润同比 | 71.0% | 402.6% |
| 每股收益（稀释后） | $-0.26 | $0.11 |
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CMBMRWT
| Q4 25 | — | $25.9M | ||
| Q3 25 | — | $15.0M | ||
| Q2 25 | — | $13.8M | ||
| Q1 25 | — | $27.9M | ||
| Q4 24 | $40.3M | $27.6M | ||
| Q3 24 | $44.7M | $25.5M | ||
| Q2 24 | $45.2M | $67.4M | ||
| Q1 24 | $47.1M | $74.5M |
净利润CMBMRWT
| Q4 25 | — | $20.0M | ||
| Q3 25 | — | $-7.7M | ||
| Q2 25 | — | $-98.5M | ||
| Q1 25 | — | $16.1M | ||
| Q4 24 | $-7.2M | $-6.6M | ||
| Q3 24 | $-34.5M | $14.8M | ||
| Q2 24 | $-14.2M | $15.5M | ||
| Q1 24 | $-18.4M | $30.3M |
毛利率CMBMRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | 43.6% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 29.8% | — |
营业利润率CMBMRWT
| Q4 25 | — | — | ||
| Q3 25 | — | -9.0% | ||
| Q2 25 | — | -679.0% | ||
| Q1 25 | — | 80.2% | ||
| Q4 24 | -28.4% | -1.3% | ||
| Q3 24 | -69.6% | 86.1% | ||
| Q2 24 | -27.2% | 30.3% | ||
| Q1 24 | -33.1% | 41.3% |
净利率CMBMRWT
| Q4 25 | — | 77.2% | ||
| Q3 25 | — | -51.4% | ||
| Q2 25 | — | -712.0% | ||
| Q1 25 | — | 57.8% | ||
| Q4 24 | -17.9% | -24.0% | ||
| Q3 24 | -77.3% | 58.1% | ||
| Q2 24 | -31.5% | 23.0% | ||
| Q1 24 | -39.2% | 40.6% |
每股收益（稀释后）CMBMRWT
| Q4 25 | — | $0.11 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-0.76 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | $-0.26 | $-0.08 | ||
| Q3 24 | $-1.22 | $0.09 | ||
| Q2 24 | $-0.51 | $0.10 | ||
| Q1 24 | $-0.66 | $0.21 |
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 | — | $255.7M |
| 总债务越低越好 | $67.6M | — |
| 股东权益账面价值 | $-3.2M | $982.6M |
| 总资产 | $173.7M | $23.7B |
| 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CMBMRWT
| Q4 25 | — | $255.7M | ||
| Q3 25 | — | $226.3M | ||
| Q2 25 | — | $302.0M | ||
| Q1 25 | — | $259.9M | ||
| Q4 24 | — | $245.2M | ||
| Q3 24 | — | $253.7M | ||
| Q2 24 | — | $275.6M | ||
| Q1 24 | — | $275.4M |
总债务CMBMRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $67.6M | — | ||
| Q3 24 | $67.6M | — | ||
| Q2 24 | $68.9M | — | ||
| Q1 24 | $63.8M | $1.7B |
股东权益CMBMRWT
| Q4 25 | — | $982.6M | ||
| Q3 25 | — | $999.0M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $-3.2M | $1.2B | ||
| Q3 24 | $1.9M | $1.2B | ||
| Q2 24 | $34.1M | $1.2B | ||
| Q1 24 | $45.0M | $1.2B |
总资产CMBMRWT
| Q4 25 | — | $23.7B | ||
| Q3 25 | — | $22.6B | ||
| Q2 25 | — | $21.3B | ||
| Q1 25 | — | $19.9B | ||
| Q4 24 | $173.7M | $18.3B | ||
| Q3 24 | $194.3M | $18.4B | ||
| Q2 24 | $221.1M | $16.5B | ||
| Q1 24 | $219.8M | $15.1B |
负债/权益比CMBMRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.12× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.42× | 1.39× |
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 | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | $-10.8M | — |
| 自由现金流率自由现金流/营收 | -26.8% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | — | -504.15× |
| 过去12个月自由现金流最近4个季度 | $-21.4M | — |
8季度趋势，按日历期对齐
经营现金流CMBMRWT
| Q4 25 | — | $-10.1B | ||
| Q3 25 | — | $-2.7B | ||
| Q2 25 | — | $-2.1B | ||
| Q1 25 | — | $-2.0B | ||
| Q4 24 | $-10.4M | $-5.9B | ||
| Q3 24 | $8.9M | $-2.1B | ||
| Q2 24 | $2.4M | $-2.0B | ||
| Q1 24 | $-15.9M | $-954.2M |
自由现金流CMBMRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-10.8M | — | ||
| Q3 24 | $6.8M | — | ||
| Q2 24 | $87.0K | — | ||
| Q1 24 | $-17.4M | — |
自由现金流率CMBMRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -26.8% | — | ||
| Q3 24 | 15.2% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | -37.0% | — |
资本支出强度CMBMRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | 3.3% | — |
现金转化率CMBMRWT
| Q4 25 | — | -504.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -120.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -140.86× | ||
| Q2 24 | — | -126.56× | ||
| Q1 24 | — | -31.53× |
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% |
RWT
暂无分部数据
