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CSW INDUSTRIALS, INC.（CSW）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
CSW INDUSTRIALS, INC.的季度营收约是Ribbon Communications Inc.的1.4倍（$233.0M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 4.4%，领先50.4%），CSW INDUSTRIALS, INC.同比增速更快（20.3% vs -10.3%），过去两年CSW INDUSTRIALS, INC.的营收复合增速更高（5.1% vs -8.1%）
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。
CSW vs RBBN — 直观对比
营收规模更大
CSW
是对方的1.4倍
$162.6M
营收增速更快
CSW
高出30.6%
-10.3%
净利率更高
RBBN
高出50.4%
4.4%
两年增速更快
CSW
近两年复合增速
-8.1%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $233.0M | $162.6M |
| 净利润 | $10.3M | $89.1M |
| 毛利率 | 39.7% | 42.9% |
| 营业利润率 | 7.4% | 37.6% |
| 净利率 | 4.4% | 54.8% |
| 营收同比 | 20.3% | -10.3% |
| 净利润同比 | -61.9% | — |
| 每股收益（稀释后） | $0.62 | $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CSWRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $233.0M | $227.3M | ||
| Q3 25 | $277.0M | $215.4M | ||
| Q2 25 | $263.6M | $220.6M | ||
| Q1 25 | $230.5M | $181.3M | ||
| Q4 24 | $193.6M | $251.4M | ||
| Q3 24 | $227.9M | $210.2M | ||
| Q2 24 | $226.2M | $192.6M |
净利润CSWRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $10.3M | — | ||
| Q3 25 | $40.7M | $-12.1M | ||
| Q2 25 | $40.9M | $-11.1M | ||
| Q1 25 | $35.1M | $-26.2M | ||
| Q4 24 | $26.9M | — | ||
| Q3 24 | $36.1M | $-13.4M | ||
| Q2 24 | $38.6M | $-16.8M |
毛利率CSWRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 39.7% | 53.3% | ||
| Q3 25 | 43.0% | 50.1% | ||
| Q2 25 | 43.8% | 49.6% | ||
| Q1 25 | 44.2% | 45.4% | ||
| Q4 24 | 41.4% | 55.7% | ||
| Q3 24 | 45.6% | 52.1% | ||
| Q2 24 | 47.5% | 50.8% |
营业利润率CSWRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 7.4% | 4.1% | ||
| Q3 25 | 20.5% | 1.3% | ||
| Q2 25 | 20.8% | 1.9% | ||
| Q1 25 | 19.5% | -10.8% | ||
| Q4 24 | 15.3% | 13.2% | ||
| Q3 24 | 22.6% | -0.4% | ||
| Q2 24 | 24.3% | -1.0% |
净利率CSWRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 4.4% | — | ||
| Q3 25 | 14.7% | -5.6% | ||
| Q2 25 | 15.5% | -5.0% | ||
| Q1 25 | 15.2% | -14.5% | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 15.8% | -6.4% | ||
| Q2 24 | 17.1% | -8.7% |
每股收益（稀释后）CSWRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.62 | $0.50 | ||
| Q3 25 | $2.41 | $-0.07 | ||
| Q2 25 | $2.43 | $-0.06 | ||
| Q1 25 | $2.05 | $-0.15 | ||
| Q4 24 | $1.60 | $0.05 | ||
| Q3 24 | $2.26 | $-0.08 | ||
| Q2 24 | $2.47 | $-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 | $40.2M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $419.1M |
| 总资产 | $2.3B | — |
| 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CSWRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $40.2M | $96.4M | ||
| Q3 25 | $31.5M | $74.8M | ||
| Q2 25 | $38.0M | $60.5M | ||
| Q1 25 | $225.8M | $71.2M | ||
| Q4 24 | $213.8M | $87.8M | ||
| Q3 24 | $273.2M | $37.2M | ||
| Q2 24 | $18.9M | $64.6M |
总债务CSWRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $342.1M | ||
| Q3 25 | — | $344.3M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | $800.1M | $347.4M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
股东权益CSWRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $1.1B | $449.0M | ||
| Q3 25 | $1.1B | $360.1M | ||
| Q2 25 | $1.1B | $370.4M | ||
| Q1 25 | $1.1B | $381.8M | ||
| Q4 24 | $1.0B | $404.6M | ||
| Q3 24 | $1.0B | $395.5M | ||
| Q2 24 | $650.2M | $405.0M |
总资产CSWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B |
负债/权益比CSWRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | 0.75× | 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 | $28.9M | — |
| 自由现金流经营现金流 - 资本支出 | $22.7M | — |
| 自由现金流率自由现金流/营收 | 9.8% | — |
| 资本支出强度资本支出/营收 | 2.6% | — |
| 现金转化率经营现金流/净利润 | 2.81× | — |
| 过去12个月自由现金流最近4个季度 | $162.0M | — |
8季度趋势，按日历期对齐
经营现金流CSWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $28.9M | $29.2M | ||
| Q3 25 | $61.8M | $26.5M | ||
| Q2 25 | $60.6M | $-795.0K | ||
| Q1 25 | $27.3M | $-3.5M | ||
| Q4 24 | $11.6M | $61.8M | ||
| Q3 24 | $66.8M | $-14.8M | ||
| Q2 24 | $62.7M | $-9.8M |
自由现金流CSWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $22.7M | $27.3M | ||
| Q3 25 | $58.7M | $21.0M | ||
| Q2 25 | $57.7M | $-6.5M | ||
| Q1 25 | $22.8M | $-15.7M | ||
| Q4 24 | $8.5M | $53.8M | ||
| Q3 24 | $61.3M | $-23.7M | ||
| Q2 24 | $59.6M | $-12.9M |
自由现金流率CSWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 9.8% | 12.0% | ||
| Q3 25 | 21.2% | 9.7% | ||
| Q2 25 | 21.9% | -2.9% | ||
| Q1 25 | 9.9% | -8.7% | ||
| Q4 24 | 4.4% | 21.4% | ||
| Q3 24 | 26.9% | -11.3% | ||
| Q2 24 | 26.3% | -6.7% |
资本支出强度CSWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 0.9% | ||
| Q3 25 | 1.1% | 2.6% | ||
| Q2 25 | 1.1% | 2.6% | ||
| Q1 25 | 2.0% | 6.7% | ||
| Q4 24 | 1.6% | 3.2% | ||
| Q3 24 | 2.4% | 4.2% | ||
| Q2 24 | 1.4% | 1.6% |
现金转化率CSWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.78× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.62× | — |
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
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
