vs
Douglas Emmett Inc（DEI）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
Douglas Emmett Inc的季度营收约是Ribbon Communications Inc.的1.5倍（$249.4M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs -2.7%，领先57.5%），Douglas Emmett Inc同比增速更快（1.8% vs -10.3%），过去两年Douglas Emmett Inc的营收复合增速更高（0.9% vs -8.1%）
道格拉斯·艾米特公司是一家领先的房地产投资信托企业，主要持有、运营及收购优质写字楼与多户住宅物业，核心市场覆盖加州洛杉矶、夏威夷州檀香山等准入门槛较高的区域，服务高端商业及住宅租户群体。
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。
DEI vs RBBN — 直观对比
营收规模更大
DEI
是对方的1.5倍
$162.6M
营收增速更快
DEI
高出12.1%
-10.3%
净利率更高
RBBN
高出57.5%
-2.7%
两年增速更快
DEI
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $249.4M | $162.6M |
| 净利润 | $-6.8M | $89.1M |
| 毛利率 | 62.2% | 42.9% |
| 营业利润率 | — | 37.6% |
| 净利率 | -2.7% | 54.8% |
| 营收同比 | 1.8% | -10.3% |
| 净利润同比 | -670.7% | — |
| 每股收益（稀释后） | $-0.04 | $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DEIRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $249.4M | $227.3M | ||
| Q3 25 | $250.6M | $215.4M | ||
| Q2 25 | $252.4M | $220.6M | ||
| Q1 25 | $251.5M | $181.3M | ||
| Q4 24 | $245.0M | $251.4M | ||
| Q3 24 | $250.8M | $210.2M | ||
| Q2 24 | $245.8M | $192.6M |
净利润DEIRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $-6.8M | — | ||
| Q3 25 | $-10.9M | $-12.1M | ||
| Q2 25 | $-5.8M | $-11.1M | ||
| Q1 25 | $39.8M | $-26.2M | ||
| Q4 24 | $-888.0K | — | ||
| Q3 24 | $4.6M | $-13.4M | ||
| Q2 24 | $10.9M | $-16.8M |
毛利率DEIRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 62.2% | 53.3% | ||
| Q3 25 | 63.6% | 50.1% | ||
| Q2 25 | 63.2% | 49.6% | ||
| Q1 25 | 64.4% | 45.4% | ||
| Q4 24 | 63.5% | 55.7% | ||
| Q3 24 | 62.2% | 52.1% | ||
| Q2 24 | 66.2% | 50.8% |
营业利润率DEIRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -10.8% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | -0.4% | ||
| Q2 24 | — | -1.0% |
净利率DEIRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | -2.7% | — | ||
| Q3 25 | -4.3% | -5.6% | ||
| Q2 25 | -2.3% | -5.0% | ||
| Q1 25 | 15.8% | -14.5% | ||
| Q4 24 | -0.4% | — | ||
| Q3 24 | 1.8% | -6.4% | ||
| Q2 24 | 4.4% | -8.7% |
每股收益（稀释后）DEIRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-0.04 | $0.50 | ||
| Q3 25 | $-0.07 | $-0.07 | ||
| Q2 25 | $-0.04 | $-0.06 | ||
| Q1 25 | $0.24 | $-0.15 | ||
| Q4 24 | $-0.01 | $0.05 | ||
| Q3 24 | $0.03 | $-0.08 | ||
| Q2 24 | $0.06 | $-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 | $340.8M | $67.6M |
| 总债务越低越好 | $5.5B | — |
| 股东权益账面价值 | $1.9B | $419.1M |
| 总资产 | $9.3B | — |
| 负债/权益比越低杠杆越低 | 2.91× | — |
8季度趋势，按日历期对齐
现金及短期投资DEIRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $340.8M | $96.4M | ||
| Q3 25 | $408.5M | $74.8M | ||
| Q2 25 | $426.9M | $60.5M | ||
| Q1 25 | $525.7M | $71.2M | ||
| Q4 24 | $444.6M | $87.8M | ||
| Q3 24 | $544.2M | $37.2M | ||
| Q2 24 | $561.1M | $64.6M |
总债务DEIRBBN
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $342.1M | ||
| Q3 25 | $5.6B | $344.3M | ||
| Q2 25 | $5.6B | $346.5M | ||
| Q1 25 | $5.6B | $347.4M | ||
| Q4 24 | $5.5B | $348.3M | ||
| Q3 24 | $5.5B | $349.1M | ||
| Q2 24 | $5.5B | $350.0M |
股东权益DEIRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $1.9B | $449.0M | ||
| Q3 25 | $1.9B | $360.1M | ||
| Q2 25 | $2.0B | $370.4M | ||
| Q1 25 | $2.0B | $381.8M | ||
| Q4 24 | $2.1B | $404.6M | ||
| Q3 24 | $2.1B | $395.5M | ||
| Q2 24 | $2.2B | $405.0M |
总资产DEIRBBN
| Q1 26 | — | — | ||
| Q4 25 | $9.3B | $1.2B | ||
| Q3 25 | $9.4B | $1.1B | ||
| Q2 25 | $9.4B | $1.1B | ||
| Q1 25 | $9.6B | $1.1B | ||
| Q4 24 | $9.4B | $1.2B | ||
| Q3 24 | $9.5B | $1.1B | ||
| Q2 24 | $9.6B | $1.1B |
负债/权益比DEIRBBN
| Q1 26 | — | — | ||
| Q4 25 | 2.91× | 0.76× | ||
| Q3 25 | 2.85× | 0.96× | ||
| Q2 25 | 2.78× | 0.94× | ||
| Q1 25 | 2.75× | 0.91× | ||
| Q4 24 | 2.67× | 0.86× | ||
| Q3 24 | 2.64× | 0.88× | ||
| Q2 24 | 2.56× | 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 | $386.9M | — |
| 自由现金流经营现金流 - 资本支出 | $194.5M | — |
| 自由现金流率自由现金流/营收 | 78.0% | — |
| 资本支出强度资本支出/营收 | 77.1% | — |
| 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 | $376.9M | — |
8季度趋势，按日历期对齐
经营现金流DEIRBBN
| Q1 26 | — | — | ||
| Q4 25 | $386.9M | $29.2M | ||
| Q3 25 | $109.8M | $26.5M | ||
| Q2 25 | $81.3M | $-795.0K | ||
| Q1 25 | $132.6M | $-3.5M | ||
| Q4 24 | $408.7M | $61.8M | ||
| Q3 24 | $103.7M | $-14.8M | ||
| Q2 24 | $91.9M | $-9.8M |
自由现金流DEIRBBN
| Q1 26 | — | — | ||
| Q4 25 | $194.5M | $27.3M | ||
| Q3 25 | $61.9M | $21.0M | ||
| Q2 25 | $30.2M | $-6.5M | ||
| Q1 25 | $90.3M | $-15.7M | ||
| Q4 24 | $241.4M | $53.8M | ||
| Q3 24 | $63.2M | $-23.7M | ||
| Q2 24 | $52.2M | $-12.9M |
自由现金流率DEIRBBN
| Q1 26 | — | — | ||
| Q4 25 | 78.0% | 12.0% | ||
| Q3 25 | 24.7% | 9.7% | ||
| Q2 25 | 11.9% | -2.9% | ||
| Q1 25 | 35.9% | -8.7% | ||
| Q4 24 | 98.5% | 21.4% | ||
| Q3 24 | 25.2% | -11.3% | ||
| Q2 24 | 21.2% | -6.7% |
资本支出强度DEIRBBN
| Q1 26 | — | — | ||
| Q4 25 | 77.1% | 0.9% | ||
| Q3 25 | 19.1% | 2.6% | ||
| Q2 25 | 20.3% | 2.6% | ||
| Q1 25 | 16.8% | 6.7% | ||
| Q4 24 | 68.3% | 3.2% | ||
| Q3 24 | 16.1% | 4.2% | ||
| Q2 24 | 16.1% | 1.6% |
现金转化率DEIRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 22.46× | — | ||
| Q2 24 | 8.44× | — |
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
DEI
| Rental Revenue And Tenant Recovery Revenue | $169.4M | 68% |
| Multifamily Segment | $49.9M | 20% |
| Parking Revenue And Other Income | $30.2M | 12% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
