vs
CORVEL CORP（CRVL）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
CORVEL CORP的季度营收约是Ribbon Communications Inc.的1.4倍（$235.6M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 10.3%，领先44.5%），CORVEL CORP同比增速更快（3.4% vs -10.3%），过去两年CORVEL CORP的营收复合增速更高（6.6% vs -8.1%）
Corvel Corp是一家总部位于美国的综合解决方案供应商，核心业务涵盖工伤赔偿、医疗管理与风险缓释，服务客户包括保险公司、自保雇主及公共部门机构，可帮助客户控制医疗成本、提升护理效果、优化行政运营流程。
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。
CRVL vs RBBN — 直观对比
营收规模更大
CRVL
是对方的1.4倍
$162.6M
营收增速更快
CRVL
高出13.7%
-10.3%
净利率更高
RBBN
高出44.5%
10.3%
两年增速更快
CRVL
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $235.6M | $162.6M |
| 净利润 | $24.2M | $89.1M |
| 毛利率 | 23.3% | 42.9% |
| 营业利润率 | 13.7% | 37.6% |
| 净利率 | 10.3% | 54.8% |
| 营收同比 | 3.4% | -10.3% |
| 净利润同比 | 1.7% | — |
| 每股收益（稀释后） | $0.47 | $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CRVLRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $235.6M | $227.3M | ||
| Q3 25 | $239.6M | $215.4M | ||
| Q2 25 | $234.7M | $220.6M | ||
| Q1 25 | $231.5M | $181.3M | ||
| Q4 24 | $228.0M | $251.4M | ||
| Q3 24 | $224.4M | $210.2M | ||
| Q2 24 | $211.7M | $192.6M |
净利润CRVLRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $24.2M | — | ||
| Q3 25 | $27.9M | $-12.1M | ||
| Q2 25 | $27.2M | $-11.1M | ||
| Q1 25 | $26.4M | $-26.2M | ||
| Q4 24 | $23.8M | — | ||
| Q3 24 | $23.4M | $-13.4M | ||
| Q2 24 | $21.6M | $-16.8M |
毛利率CRVLRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 23.3% | 53.3% | ||
| Q3 25 | 24.3% | 50.1% | ||
| Q2 25 | 24.2% | 49.6% | ||
| Q1 25 | 25.0% | 45.4% | ||
| Q4 24 | 23.2% | 55.7% | ||
| Q3 24 | 22.6% | 52.1% | ||
| Q2 24 | 22.7% | 50.8% |
营业利润率CRVLRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 13.7% | 4.1% | ||
| Q3 25 | 15.0% | 1.3% | ||
| Q2 25 | 15.0% | 1.9% | ||
| Q1 25 | 14.4% | -10.8% | ||
| Q4 24 | 13.5% | 13.2% | ||
| Q3 24 | 12.8% | -0.4% | ||
| Q2 24 | 13.2% | -1.0% |
净利率CRVLRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 10.3% | — | ||
| Q3 25 | 11.6% | -5.6% | ||
| Q2 25 | 11.6% | -5.0% | ||
| Q1 25 | 11.4% | -14.5% | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 10.4% | -6.4% | ||
| Q2 24 | 10.2% | -8.7% |
每股收益（稀释后）CRVLRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.47 | $0.50 | ||
| Q3 25 | $0.54 | $-0.07 | ||
| Q2 25 | $0.52 | $-0.06 | ||
| Q1 25 | $-1.23 | $-0.15 | ||
| Q4 24 | $0.46 | $0.05 | ||
| Q3 24 | $1.35 | $-0.08 | ||
| Q2 24 | $1.25 | $-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 | $230.0M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $375.7M | $419.1M |
| 总资产 | $644.8M | — |
| 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CRVLRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $230.0M | $96.4M | ||
| Q3 25 | $207.5M | $74.8M | ||
| Q2 25 | $202.0M | $60.5M | ||
| Q1 25 | $170.6M | $71.2M | ||
| Q4 24 | $162.9M | $87.8M | ||
| Q3 24 | $138.3M | $37.2M | ||
| Q2 24 | $131.9M | $64.6M |
总债务CRVLRBBN
| 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CRVLRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $375.7M | $449.0M | ||
| Q3 25 | $362.8M | $360.1M | ||
| Q2 25 | $342.5M | $370.4M | ||
| Q1 25 | $322.0M | $381.8M | ||
| Q4 24 | $300.9M | $404.6M | ||
| Q3 24 | $282.8M | $395.5M | ||
| Q2 24 | $263.9M | $405.0M |
总资产CRVLRBBN
| Q1 26 | — | — | ||
| Q4 25 | $644.8M | $1.2B | ||
| Q3 25 | $611.7M | $1.1B | ||
| Q2 25 | $597.4M | $1.1B | ||
| Q1 25 | $546.0M | $1.1B | ||
| Q4 24 | $538.8M | $1.2B | ||
| Q3 24 | $518.6M | $1.1B | ||
| Q2 24 | $486.2M | $1.1B |
负债/权益比CRVLRBBN
| 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 | $46.1M | — |
| 自由现金流经营现金流 - 资本支出 | $35.2M | — |
| 自由现金流率自由现金流/营收 | 14.9% | — |
| 资本支出强度资本支出/营收 | 4.7% | — |
| 现金转化率经营现金流/净利润 | 1.91× | — |
| 过去12个月自由现金流最近4个季度 | $104.3M | — |
8季度趋势，按日历期对齐
经营现金流CRVLRBBN
| Q1 26 | — | — | ||
| Q4 25 | $46.1M | $29.2M | ||
| Q3 25 | $25.0M | $26.5M | ||
| Q2 25 | $55.0M | $-795.0K | ||
| Q1 25 | $22.9M | $-3.5M | ||
| Q4 24 | $41.6M | $61.8M | ||
| Q3 24 | $22.3M | $-14.8M | ||
| Q2 24 | $40.4M | $-9.8M |
自由现金流CRVLRBBN
| Q1 26 | — | — | ||
| Q4 25 | $35.2M | $27.3M | ||
| Q3 25 | $15.3M | $21.0M | ||
| Q2 25 | $39.5M | $-6.5M | ||
| Q1 25 | $14.3M | $-15.7M | ||
| Q4 24 | $32.1M | $53.8M | ||
| Q3 24 | $12.4M | $-23.7M | ||
| Q2 24 | $32.8M | $-12.9M |
自由现金流率CRVLRBBN
| Q1 26 | — | — | ||
| Q4 25 | 14.9% | 12.0% | ||
| Q3 25 | 6.4% | 9.7% | ||
| Q2 25 | 16.8% | -2.9% | ||
| Q1 25 | 6.2% | -8.7% | ||
| Q4 24 | 14.1% | 21.4% | ||
| Q3 24 | 5.5% | -11.3% | ||
| Q2 24 | 15.5% | -6.7% |
资本支出强度CRVLRBBN
| Q1 26 | — | — | ||
| Q4 25 | 4.7% | 0.9% | ||
| Q3 25 | 4.1% | 2.6% | ||
| Q2 25 | 6.6% | 2.6% | ||
| Q1 25 | 3.7% | 6.7% | ||
| Q4 24 | 4.2% | 3.2% | ||
| Q3 24 | 4.4% | 4.2% | ||
| Q2 24 | 3.6% | 1.6% |
现金转化率CRVLRBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.91× | — | ||
| Q3 25 | 0.90× | — | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 1.75× | — | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 1.87× | — |
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
CRVL
| Patient Management Services | $146.1M | 62% |
| Network Solutions Services | $89.6M | 38% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
