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COMTECH TELECOMMUNICATIONS CORP（CMTL）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
Ribbon Communications Inc.的季度营收约是COMTECH TELECOMMUNICATIONS CORP的1.5倍（$162.6M vs $111.0M），Ribbon Communications Inc.净利率更高（54.8% vs -14.3%，领先69.1%），COMTECH TELECOMMUNICATIONS CORP同比增速更快（-4.1% vs -10.3%），过去两年Ribbon Communications Inc.的营收复合增速更高（-8.1% 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。
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。
CMTL vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.5倍
$111.0M
营收增速更快
CMTL
高出6.2%
-10.3%
净利率更高
RBBN
高出69.1%
-14.3%
两年增速更快
RBBN
近两年复合增速
-9.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $111.0M | $162.6M |
| 净利润 | $-15.9M | $89.1M |
| 毛利率 | 33.1% | 42.9% |
| 营业利润率 | -2.5% | 37.6% |
| 净利率 | -14.3% | 54.8% |
| 营收同比 | -4.1% | -10.3% |
| 净利润同比 | 89.3% | — |
| 每股收益（稀释后） | $-0.67 | $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CMTLRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $111.0M | $227.3M | ||
| Q3 25 | $130.4M | $215.4M | ||
| Q2 25 | $126.8M | $220.6M | ||
| Q1 25 | $126.6M | $181.3M | ||
| Q4 24 | $115.8M | $251.4M | ||
| Q3 24 | $126.2M | $210.2M | ||
| Q2 24 | $128.1M | $192.6M |
净利润CMTLRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $-15.9M | — | ||
| Q3 25 | $7.9M | $-12.1M | ||
| Q2 25 | $33.9M | $-11.1M | ||
| Q1 25 | $-48.7M | $-26.2M | ||
| Q4 24 | $-148.4M | — | ||
| Q3 24 | $-90.8M | $-13.4M | ||
| Q2 24 | $2.8M | $-16.8M |
毛利率CMTLRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 33.1% | 53.3% | ||
| Q3 25 | 31.2% | 50.1% | ||
| Q2 25 | 30.7% | 49.6% | ||
| Q1 25 | 26.7% | 45.4% | ||
| Q4 24 | 12.5% | 55.7% | ||
| Q3 24 | 21.5% | 52.1% | ||
| Q2 24 | 30.4% | 50.8% |
营业利润率CMTLRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | -2.5% | 4.1% | ||
| Q3 25 | 1.4% | 1.3% | ||
| Q2 25 | -1.2% | 1.9% | ||
| Q1 25 | -8.1% | -10.8% | ||
| Q4 24 | -111.5% | 13.2% | ||
| Q3 24 | -64.6% | -0.4% | ||
| Q2 24 | -2.7% | -1.0% |
净利率CMTLRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | -14.3% | — | ||
| Q3 25 | 6.1% | -5.6% | ||
| Q2 25 | 26.8% | -5.0% | ||
| Q1 25 | -38.5% | -14.5% | ||
| Q4 24 | -128.2% | — | ||
| Q3 24 | -71.9% | -6.4% | ||
| Q2 24 | 2.2% | -8.7% |
每股收益（稀释后）CMTLRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-0.67 | $0.50 | ||
| Q3 25 | $-0.41 | $-0.07 | ||
| Q2 25 | $-0.49 | $-0.06 | ||
| Q1 25 | $-0.76 | $-0.15 | ||
| Q4 24 | $-5.29 | $0.05 | ||
| Q3 24 | $-3.48 | $-0.08 | ||
| Q2 24 | $-0.04 | $-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 | $43.6M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $85.6M | $419.1M |
| 总资产 | $734.1M | — |
| 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CMTLRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $43.6M | $96.4M | ||
| Q3 25 | $40.0M | $74.8M | ||
| Q2 25 | $28.4M | $60.5M | ||
| Q1 25 | $26.7M | $71.2M | ||
| Q4 24 | $29.6M | $87.8M | ||
| Q3 24 | $32.4M | $37.2M | ||
| Q2 24 | $27.2M | $64.6M |
总债务CMTLRBBN
| 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CMTLRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $85.6M | $449.0M | ||
| Q3 25 | $104.4M | $360.1M | ||
| Q2 25 | $115.4M | $370.4M | ||
| Q1 25 | $128.7M | $381.8M | ||
| Q4 24 | $150.4M | $404.6M | ||
| Q3 24 | $306.3M | $395.5M | ||
| Q2 24 | $406.4M | $405.0M |
总资产CMTLRBBN
| Q1 26 | — | — | ||
| Q4 25 | $734.1M | $1.2B | ||
| Q3 25 | $740.8M | $1.1B | ||
| Q2 25 | $751.1M | $1.1B | ||
| Q1 25 | $770.6M | $1.1B | ||
| Q4 24 | $793.2M | $1.2B | ||
| Q3 24 | $793.2M | $1.1B | ||
| Q2 24 | $991.0M | $1.1B |
负债/权益比CMTLRBBN
| 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 | $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% | — |
| 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CMTLRBBN
| Q1 26 | — | — | ||
| Q4 25 | $8.1M | $29.2M | ||
| Q3 25 | $11.4M | $26.5M | ||
| Q2 25 | $2.3M | $-795.0K | ||
| Q1 25 | $-234.0K | $-3.5M | ||
| Q4 24 | $-21.8M | $61.8M | ||
| Q3 24 | $-9.5M | $-14.8M | ||
| Q2 24 | $-3.8M | $-9.8M |
自由现金流CMTLRBBN
| Q1 26 | — | — | ||
| Q4 25 | $4.8M | $27.3M | ||
| Q3 25 | $9.4M | $21.0M | ||
| Q2 25 | $-160.0K | $-6.5M | ||
| Q1 25 | $-1.9M | $-15.7M | ||
| Q4 24 | $-24.2M | $53.8M | ||
| Q3 24 | $-12.4M | $-23.7M | ||
| Q2 24 | $-6.5M | $-12.9M |
自由现金流率CMTLRBBN
| Q1 26 | — | — | ||
| Q4 25 | 4.3% | 12.0% | ||
| Q3 25 | 7.2% | 9.7% | ||
| Q2 25 | -0.1% | -2.9% | ||
| Q1 25 | -1.5% | -8.7% | ||
| Q4 24 | -20.9% | 21.4% | ||
| Q3 24 | -9.8% | -11.3% | ||
| Q2 24 | -5.0% | -6.7% |
资本支出强度CMTLRBBN
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 0.9% | ||
| Q3 25 | 1.6% | 2.6% | ||
| Q2 25 | 1.9% | 2.6% | ||
| Q1 25 | 1.3% | 6.7% | ||
| Q4 24 | 2.1% | 3.2% | ||
| Q3 24 | 2.3% | 4.2% | ||
| Q2 24 | 2.1% | 1.6% |
现金转化率CMTLRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 0.07× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -1.36× | — |
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% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
