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DULUTH HOLDINGS INC.（DLTH）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DULUTH HOLDINGS INC.的1.4倍（$162.6M vs $114.9M），Ribbon Communications Inc.净利率更高（54.8% vs -8.8%，领先63.6%），DULUTH HOLDINGS INC.同比增速更快（-9.6% vs -10.3%），过去两年Ribbon Communications Inc.的营收复合增速更高（-8.1% vs -31.6%）
德卢思控股是一家美国工装及配饰企业，主打通过旗下德卢思贸易品牌开展产品销售业务，面向市场推出各类实用工装及相关配饰产品，是美国本土颇具特色的服饰零售企业。
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。
DLTH vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.4倍
$114.9M
营收增速更快
DLTH
高出0.7%
-10.3%
净利率更高
RBBN
高出63.6%
-8.8%
两年增速更快
RBBN
近两年复合增速
-31.6%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $114.9M | $162.6M |
| 净利润 | $-10.1M | $89.1M |
| 毛利率 | 53.8% | 42.9% |
| 营业利润率 | -7.7% | 37.6% |
| 净利率 | -8.8% | 54.8% |
| 营收同比 | -9.6% | -10.3% |
| 净利润同比 | 64.6% | — |
| 每股收益（稀释后） | $-0.29 | $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DLTHRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $114.9M | $227.3M | ||
| Q3 25 | $131.7M | $215.4M | ||
| Q2 25 | $102.7M | $220.6M | ||
| Q1 25 | $241.3M | $181.3M | ||
| Q4 24 | $127.1M | $251.4M | ||
| Q3 24 | $141.6M | $210.2M | ||
| Q2 24 | $116.7M | $192.6M |
净利润DLTHRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $-10.1M | — | ||
| Q3 25 | $1.3M | $-12.1M | ||
| Q2 25 | $-15.3M | $-11.1M | ||
| Q1 25 | $-5.6M | $-26.2M | ||
| Q4 24 | $-28.2M | — | ||
| Q3 24 | $-2.0M | $-13.4M | ||
| Q2 24 | $-7.9M | $-16.8M |
毛利率DLTHRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 53.8% | 53.3% | ||
| Q3 25 | 54.7% | 50.1% | ||
| Q2 25 | 52.0% | 49.6% | ||
| Q1 25 | 44.1% | 45.4% | ||
| Q4 24 | 52.3% | 55.7% | ||
| Q3 24 | 52.3% | 52.1% | ||
| Q2 24 | 52.8% | 50.8% |
营业利润率DLTHRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | -7.7% | 4.1% | ||
| Q3 25 | 1.8% | 1.3% | ||
| Q2 25 | -12.0% | 1.9% | ||
| Q1 25 | -1.8% | -10.8% | ||
| Q4 24 | -17.4% | 13.2% | ||
| Q3 24 | -1.1% | -0.4% | ||
| Q2 24 | -7.7% | -1.0% |
净利率DLTHRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | -8.8% | — | ||
| Q3 25 | 1.0% | -5.6% | ||
| Q2 25 | -14.9% | -5.0% | ||
| Q1 25 | -2.3% | -14.5% | ||
| Q4 24 | -22.2% | — | ||
| Q3 24 | -1.4% | -6.4% | ||
| Q2 24 | -6.7% | -8.7% |
每股收益（稀释后）DLTHRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-0.29 | $0.50 | ||
| Q3 25 | $0.04 | $-0.07 | ||
| Q2 25 | $-0.45 | $-0.06 | ||
| Q1 25 | $-0.17 | $-0.15 | ||
| Q4 24 | $-0.84 | $0.05 | ||
| Q3 24 | $-0.06 | $-0.08 | ||
| Q2 24 | $-0.24 | $-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 | $8.2M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $160.6M | $419.1M |
| 总资产 | $468.0M | — |
| 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DLTHRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $8.2M | $96.4M | ||
| Q3 25 | $5.7M | $74.8M | ||
| Q2 25 | $8.6M | $60.5M | ||
| Q1 25 | $3.3M | $71.2M | ||
| Q4 24 | $9.3M | $87.8M | ||
| Q3 24 | $9.8M | $37.2M | ||
| Q2 24 | $6.8M | $64.6M |
总债务DLTHRBBN
| 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DLTHRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $160.6M | $449.0M | ||
| Q3 25 | $170.0M | $360.1M | ||
| Q2 25 | $167.9M | $370.4M | ||
| Q1 25 | $182.7M | $381.8M | ||
| Q4 24 | $188.1M | $404.6M | ||
| Q3 24 | $215.7M | $395.5M | ||
| Q2 24 | $218.4M | $405.0M |
总资产DLTHRBBN
| Q1 26 | — | — | ||
| Q4 25 | $468.0M | $1.2B | ||
| Q3 25 | $433.8M | $1.1B | ||
| Q2 25 | $463.7M | $1.1B | ||
| Q1 25 | $452.4M | $1.1B | ||
| Q4 24 | $533.1M | $1.2B | ||
| Q3 24 | $488.6M | $1.1B | ||
| Q2 24 | $471.4M | $1.1B |
负债/权益比DLTHRBBN
| 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 | $-6.7M | — |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | — |
| 自由现金流率自由现金流/营收 | -7.8% | — |
| 资本支出强度资本支出/营收 | 2.0% | — |
| 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 | $1.7M | — |
8季度趋势，按日历期对齐
经营现金流DLTHRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-6.7M | $29.2M | ||
| Q3 25 | $32.0M | $26.5M | ||
| Q2 25 | $-56.5M | $-795.0K | ||
| Q1 25 | $41.2M | $-3.5M | ||
| Q4 24 | $-41.1M | $61.8M | ||
| Q3 24 | $16.6M | $-14.8M | ||
| Q2 24 | $-33.7M | $-9.8M |
自由现金流DLTHRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-8.9M | $27.3M | ||
| Q3 25 | $29.8M | $21.0M | ||
| Q2 25 | $-57.8M | $-6.5M | ||
| Q1 25 | $38.7M | $-15.7M | ||
| Q4 24 | $-43.7M | $53.8M | ||
| Q3 24 | $15.0M | $-23.7M | ||
| Q2 24 | $-35.2M | $-12.9M |
自由现金流率DLTHRBBN
| Q1 26 | — | — | ||
| Q4 25 | -7.8% | 12.0% | ||
| Q3 25 | 22.6% | 9.7% | ||
| Q2 25 | -56.3% | -2.9% | ||
| Q1 25 | 16.0% | -8.7% | ||
| Q4 24 | -34.4% | 21.4% | ||
| Q3 24 | 10.6% | -11.3% | ||
| Q2 24 | -30.2% | -6.7% |
资本支出强度DLTHRBBN
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 0.9% | ||
| Q3 25 | 1.7% | 2.6% | ||
| Q2 25 | 1.3% | 2.6% | ||
| Q1 25 | 1.0% | 6.7% | ||
| Q4 24 | 2.1% | 3.2% | ||
| Q3 24 | 1.2% | 4.2% | ||
| Q2 24 | 1.3% | 1.6% |
现金转化率DLTHRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 25.40× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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
DLTH
| Sales Channel Directly To Consumer | $67.4M | 59% |
| Sales Channel Through Intermediary | $47.4M | 41% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
