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COMTECH TELECOMMUNICATIONS CORP（CMTL）与LiveRamp Holdings, Inc.（RAMP）财务数据对比。点击上方公司名可切换其他公司
LiveRamp Holdings, Inc.的季度营收约是COMTECH TELECOMMUNICATIONS CORP的1.9倍（$212.2M vs $111.0M），LiveRamp Holdings, Inc.净利率更高（18.8% vs -14.3%，领先33.1%），LiveRamp Holdings, Inc.同比增速更快（8.6% vs -4.1%），过去两年LiveRamp Holdings, Inc.的营收复合增速更高（11.1% vs -9.0%）
Comtech Telecommunications是一家总部位于美国的全球通信技术提供商，主营卫星通信系统、地面网络基础设施及定位服务，客户覆盖政府、国防、移动运营商和企业领域，为各类关键应用场景提供安全可靠的连接解决方案。
LiveRamp Holdings, Inc.是一家美国SaaS企业，核心业务为提供数据连接平台，服务涵盖数据导入、线下数据线上迁移等能力，助力企业开展营销相关的数据应用，为品牌及营销从业者的数字化运营提供技术支撑。
CMTL vs RAMP — 直观对比
营收规模更大
RAMP
是对方的1.9倍
$111.0M
营收增速更快
RAMP
高出12.7%
-4.1%
净利率更高
RAMP
高出33.1%
-14.3%
两年增速更快
RAMP
近两年复合增速
-9.0%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $111.0M | $212.2M |
| 净利润 | $-15.9M | $39.9M |
| 毛利率 | 33.1% | 71.9% |
| 营业利润率 | -2.5% | 18.6% |
| 净利率 | -14.3% | 18.8% |
| 营收同比 | -4.1% | 8.6% |
| 净利润同比 | 89.3% | 255.7% |
| 每股收益（稀释后） | $-0.67 | $0.62 |
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CMTLRAMP
| Q4 25 | $111.0M | $212.2M | ||
| Q3 25 | $130.4M | $199.8M | ||
| Q2 25 | $126.8M | $194.8M | ||
| Q1 25 | $126.6M | $188.7M | ||
| Q4 24 | $115.8M | $195.4M | ||
| Q3 24 | $126.2M | $185.5M | ||
| Q2 24 | $128.1M | $176.0M | ||
| Q1 24 | $134.2M | $171.9M |
净利润CMTLRAMP
| Q4 25 | $-15.9M | $39.9M | ||
| Q3 25 | $7.9M | $27.4M | ||
| Q2 25 | $33.9M | $7.7M | ||
| Q1 25 | $-48.7M | $-6.3M | ||
| Q4 24 | $-148.4M | $11.2M | ||
| Q3 24 | $-90.8M | $1.7M | ||
| Q2 24 | $2.8M | $-7.5M | ||
| Q1 24 | $-10.6M | $-5.4M |
毛利率CMTLRAMP
| Q4 25 | 33.1% | 71.9% | ||
| Q3 25 | 31.2% | 70.2% | ||
| Q2 25 | 30.7% | 70.1% | ||
| Q1 25 | 26.7% | 69.3% | ||
| Q4 24 | 12.5% | 71.9% | ||
| Q3 24 | 21.5% | 72.4% | ||
| Q2 24 | 30.4% | 70.6% | ||
| Q1 24 | 32.2% | 72.2% |
营业利润率CMTLRAMP
| Q4 25 | -2.5% | 18.6% | ||
| Q3 25 | 1.4% | 10.7% | ||
| Q2 25 | -1.2% | 3.7% | ||
| Q1 25 | -8.1% | -6.1% | ||
| Q4 24 | -111.5% | 7.5% | ||
| Q3 24 | -64.6% | 4.0% | ||
| Q2 24 | -2.7% | -3.0% | ||
| Q1 24 | 2.2% | -8.3% |
净利率CMTLRAMP
| Q4 25 | -14.3% | 18.8% | ||
| Q3 25 | 6.1% | 13.7% | ||
| Q2 25 | 26.8% | 4.0% | ||
| Q1 25 | -38.5% | -3.3% | ||
| Q4 24 | -128.2% | 5.7% | ||
| Q3 24 | -71.9% | 0.9% | ||
| Q2 24 | 2.2% | -4.3% | ||
| Q1 24 | -7.9% | -3.1% |
每股收益（稀释后）CMTLRAMP
| Q4 25 | $-0.67 | $0.62 | ||
| Q3 25 | $-0.41 | $0.42 | ||
| Q2 25 | $-0.49 | $0.12 | ||
| Q1 25 | $-0.76 | $-0.10 | ||
| Q4 24 | $-5.29 | $0.17 | ||
| Q3 24 | $-3.48 | $0.03 | ||
| Q2 24 | $-0.04 | $-0.11 | ||
| Q1 24 | $-1.07 | $-0.09 |
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 | $43.6M | $403.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $85.6M | $962.3M |
| 总资产 | $734.1M | $1.3B |
| 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CMTLRAMP
| Q4 25 | $43.6M | $403.4M | ||
| Q3 25 | $40.0M | $376.9M | ||
| Q2 25 | $28.4M | $371.1M | ||
| Q1 25 | $26.7M | $420.8M | ||
| Q4 24 | $29.6M | $384.3M | ||
| Q3 24 | $32.4M | $348.4M | ||
| Q2 24 | $27.2M | $342.7M | ||
| Q1 24 | $40.0M | $368.9M |
股东权益CMTLRAMP
| Q4 25 | $85.6M | $962.3M | ||
| Q3 25 | $104.4M | $943.8M | ||
| Q2 25 | $115.4M | $947.8M | ||
| Q1 25 | $128.7M | $948.9M | ||
| Q4 24 | $150.4M | $957.7M | ||
| Q3 24 | $306.3M | $932.1M | ||
| Q2 24 | $406.4M | $951.9M | ||
| Q1 24 | $407.0M | $949.1M |
总资产CMTLRAMP
| Q4 25 | $734.1M | $1.3B | ||
| Q3 25 | $740.8M | $1.2B | ||
| Q2 25 | $751.1M | $1.2B | ||
| Q1 25 | $770.6M | $1.3B | ||
| Q4 24 | $793.2M | $1.3B | ||
| Q3 24 | $793.2M | $1.2B | ||
| Q2 24 | $991.0M | $1.2B | ||
| Q1 24 | $996.8M | $1.2B |
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 | $8.1M | — |
| 自由现金流经营现金流 - 资本支出 | $4.8M | — |
| 自由现金流率自由现金流/营收 | 4.3% | — |
| 资本支出强度资本支出/营收 | 2.9% | 0.1% |
| 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 | $12.2M | — |
8季度趋势，按日历期对齐
经营现金流CMTLRAMP
| Q4 25 | $8.1M | — | ||
| Q3 25 | $11.4M | $57.4M | ||
| Q2 25 | $2.3M | $-15.8M | ||
| Q1 25 | $-234.0K | — | ||
| Q4 24 | $-21.8M | $45.1M | ||
| Q3 24 | $-9.5M | $55.6M | ||
| Q2 24 | $-3.8M | $-9.3M | ||
| Q1 24 | $-26.7M | — |
自由现金流CMTLRAMP
| Q4 25 | $4.8M | — | ||
| Q3 25 | $9.4M | $56.8M | ||
| Q2 25 | $-160.0K | $-16.2M | ||
| Q1 25 | $-1.9M | — | ||
| Q4 24 | $-24.2M | $44.8M | ||
| Q3 24 | $-12.4M | $55.4M | ||
| Q2 24 | $-6.5M | $-9.6M | ||
| Q1 24 | $-30.9M | — |
自由现金流率CMTLRAMP
| Q4 25 | 4.3% | — | ||
| Q3 25 | 7.2% | 28.4% | ||
| Q2 25 | -0.1% | -8.3% | ||
| Q1 25 | -1.5% | — | ||
| Q4 24 | -20.9% | 22.9% | ||
| Q3 24 | -9.8% | 29.8% | ||
| Q2 24 | -5.0% | -5.4% | ||
| Q1 24 | -23.0% | — |
资本支出强度CMTLRAMP
| Q4 25 | 2.9% | 0.1% | ||
| Q3 25 | 1.6% | 0.3% | ||
| Q2 25 | 1.9% | 0.2% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 2.1% | 0.1% | ||
| Q3 24 | 2.3% | 0.1% | ||
| Q2 24 | 2.1% | 0.1% | ||
| Q1 24 | 3.2% | 1.0% |
现金转化率CMTLRAMP
| Q4 25 | — | — | ||
| Q3 25 | 1.45× | 2.09× | ||
| Q2 25 | 0.07× | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 32.10× | ||
| Q2 24 | -1.36× | — | ||
| 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
CMTL
| Satellite And Space Communications Segment | $55.1M | 50% |
| Transferred At Point In Time | $39.4M | 36% |
| Satellite And Space Communications | $16.3M | 15% |
| Terrestrial And Wireless Networks | $1.1M | 1% |
RAMP
暂无分部数据
