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Ecovyst Inc.（ECVT）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
Ecovyst Inc.的季度营收约是Ribbon Communications Inc.的1.2倍（$199.4M vs $162.6M），Ecovyst Inc.同比增速更快（34.0% vs -10.3%），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs -8.1%）
Ecovyst Inc.是一家全球可持续特种材料供应商，主营高性能催化剂与功能性添加剂的研发、生产，产品服务覆盖工业制造、消费品、环保等核心领域，助力全球客户提升运营效率、降低碳排放。
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。
ECVT vs RBBN — 直观对比
营收规模更大
ECVT
是对方的1.2倍
$162.6M
营收增速更快
ECVT
高出44.3%
-10.3%
两年增速更快
ECVT
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $162.6M |
| 净利润 | — | $89.1M |
| 毛利率 | 23.4% | 42.9% |
| 营业利润率 | 10.9% | 37.6% |
| 净利率 | — | 54.8% |
| 营收同比 | 34.0% | -10.3% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.06 | $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ECVTRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $199.4M | $227.3M | ||
| Q3 25 | $204.9M | $215.4M | ||
| Q2 25 | $176.1M | $220.6M | ||
| Q1 25 | $143.1M | $181.3M | ||
| Q4 24 | $148.9M | $251.4M | ||
| Q3 24 | $153.9M | $210.2M | ||
| Q2 24 | $154.0M | $192.6M |
净利润ECVTRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | $-79.3M | $-12.1M | ||
| Q2 25 | $6.0M | $-11.1M | ||
| Q1 25 | $-3.6M | $-26.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | $14.3M | $-13.4M | ||
| Q2 24 | $8.3M | $-16.8M |
毛利率ECVTRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 23.4% | 53.3% | ||
| Q3 25 | 25.4% | 50.1% | ||
| Q2 25 | 22.8% | 49.6% | ||
| Q1 25 | 13.3% | 45.4% | ||
| Q4 24 | 28.9% | 55.7% | ||
| Q3 24 | 29.3% | 52.1% | ||
| Q2 24 | 27.3% | 50.8% |
营业利润率ECVTRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 10.9% | 4.1% | ||
| Q3 25 | 13.8% | 1.3% | ||
| Q2 25 | 9.0% | 1.9% | ||
| Q1 25 | -0.7% | -10.8% | ||
| Q4 24 | 15.1% | 13.2% | ||
| Q3 24 | 17.9% | -0.4% | ||
| Q2 24 | 14.1% | -1.0% |
净利率ECVTRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | -38.7% | -5.6% | ||
| Q2 25 | 3.4% | -5.0% | ||
| Q1 25 | -2.5% | -14.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | 9.3% | -6.4% | ||
| Q2 24 | 5.4% | -8.7% |
每股收益（稀释后）ECVTRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.06 | $0.50 | ||
| Q3 25 | $-0.69 | $-0.07 | ||
| Q2 25 | $0.05 | $-0.06 | ||
| Q1 25 | $-0.03 | $-0.15 | ||
| Q4 24 | $-0.26 | $0.05 | ||
| Q3 24 | $0.12 | $-0.08 | ||
| Q2 24 | $0.07 | $-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 | $197.2M | $67.6M |
| 总债务越低越好 | $392.6M | — |
| 股东权益账面价值 | $603.4M | $419.1M |
| 总资产 | $1.3B | — |
| 负债/权益比越低杠杆越低 | 0.65× | — |
8季度趋势，按日历期对齐
现金及短期投资ECVTRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $197.2M | $96.4M | ||
| Q3 25 | $82.0M | $74.8M | ||
| Q2 25 | $69.6M | $60.5M | ||
| Q1 25 | $127.5M | $71.2M | ||
| Q4 24 | $131.4M | $87.8M | ||
| Q3 24 | $123.5M | $37.2M | ||
| Q2 24 | $83.3M | $64.6M |
总债务ECVTRBBN
| Q1 26 | — | — | ||
| Q4 25 | $392.6M | $342.1M | ||
| Q3 25 | $854.8M | $344.3M | ||
| Q2 25 | $856.6M | $346.5M | ||
| Q1 25 | $859.0M | $347.4M | ||
| Q4 24 | $860.8M | $348.3M | ||
| Q3 24 | $862.7M | $349.1M | ||
| Q2 24 | $862.4M | $350.0M |
股东权益ECVTRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $603.4M | $449.0M | ||
| Q3 25 | $607.9M | $360.1M | ||
| Q2 25 | $692.4M | $370.4M | ||
| Q1 25 | $698.7M | $381.8M | ||
| Q4 24 | $700.5M | $404.6M | ||
| Q3 24 | $729.4M | $395.5M | ||
| Q2 24 | $717.3M | $405.0M |
总资产ECVTRBBN
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.8B | $1.1B |
负债/权益比ECVTRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.65× | 0.76× | ||
| Q3 25 | 1.41× | 0.96× | ||
| Q2 25 | 1.24× | 0.94× | ||
| Q1 25 | 1.23× | 0.91× | ||
| Q4 24 | 1.23× | 0.86× | ||
| Q3 24 | 1.18× | 0.88× | ||
| Q2 24 | 1.20× | 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 | $41.8M | — |
| 自由现金流经营现金流 - 资本支出 | $22.9M | — |
| 自由现金流率自由现金流/营收 | 11.5% | — |
| 资本支出强度资本支出/营收 | 9.4% | — |
| 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 | $69.9M | — |
8季度趋势，按日历期对齐
经营现金流ECVTRBBN
| Q1 26 | — | — | ||
| Q4 25 | $41.8M | $29.2M | ||
| Q3 25 | $55.3M | $26.5M | ||
| Q2 25 | $33.0M | $-795.0K | ||
| Q1 25 | $10.3M | $-3.5M | ||
| Q4 24 | $43.5M | $61.8M | ||
| Q3 24 | $59.9M | $-14.8M | ||
| Q2 24 | $10.0M | $-9.8M |
自由现金流ECVTRBBN
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $27.3M | ||
| Q3 25 | $53.2M | $21.0M | ||
| Q2 25 | $7.8M | $-6.5M | ||
| Q1 25 | $-14.0M | $-15.7M | ||
| Q4 24 | $30.9M | $53.8M | ||
| Q3 24 | $53.6M | $-23.7M | ||
| Q2 24 | $-9.3M | $-12.9M |
自由现金流率ECVTRBBN
| Q1 26 | — | — | ||
| Q4 25 | 11.5% | 12.0% | ||
| Q3 25 | 26.0% | 9.7% | ||
| Q2 25 | 4.4% | -2.9% | ||
| Q1 25 | -9.8% | -8.7% | ||
| Q4 24 | 20.7% | 21.4% | ||
| Q3 24 | 34.9% | -11.3% | ||
| Q2 24 | -6.1% | -6.7% |
资本支出强度ECVTRBBN
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | 0.9% | ||
| Q3 25 | 1.0% | 2.6% | ||
| Q2 25 | 14.4% | 2.6% | ||
| Q1 25 | 16.9% | 6.7% | ||
| Q4 24 | 8.5% | 3.2% | ||
| Q3 24 | 4.1% | 4.2% | ||
| Q2 24 | 12.5% | 1.6% |
现金转化率ECVTRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.52× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.21× | — | ||
| Q2 24 | 1.20× | — |
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
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 4% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
