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Flowco Holdings Inc.（FLOC）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Flowco Holdings Inc.的1.9倍（$162.6M vs $85.6M），Ribbon Communications Inc.净利率更高（54.8% vs 20.1%，领先34.6%）
Flowco Holdings Inc.是一家专业流量控制解决方案供应商，设计、生产及销售工业阀门、驱动系统、定制流量管理组件，核心服务油气开采、工业制造、水处理、公共基建等领域，主要市场覆盖北美及部分欧洲地区。
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。
FLOC vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.9倍
$85.6M
净利率更高
RBBN
高出34.6%
20.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $85.6M | $162.6M |
| 净利润 | $17.2M | $89.1M |
| 毛利率 | -4.8% | 42.9% |
| 营业利润率 | 49.0% | 37.6% |
| 净利率 | 20.1% | 54.8% |
| 营收同比 | — | -10.3% |
| 净利润同比 | — | — |
| 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FLOCRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $85.6M | $227.3M | ||
| Q3 25 | $70.0M | $215.4M | ||
| Q2 25 | $91.1M | $220.6M | ||
| Q1 25 | $95.1M | $181.3M | ||
| Q4 24 | — | $251.4M | ||
| Q3 24 | — | $210.2M | ||
| Q2 24 | — | $192.6M |
净利润FLOCRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $17.2M | — | ||
| Q3 25 | $12.5M | $-12.1M | ||
| Q2 25 | $5.5M | $-11.1M | ||
| Q1 25 | $6.2M | $-26.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-13.4M | ||
| Q2 24 | — | $-16.8M |
毛利率FLOCRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | -4.8% | 53.3% | ||
| Q3 25 | -6.0% | 50.1% | ||
| Q2 25 | 1.0% | 49.6% | ||
| Q1 25 | 2.8% | 45.4% | ||
| Q4 24 | — | 55.7% | ||
| Q3 24 | — | 52.1% | ||
| Q2 24 | — | 50.8% |
营业利润率FLOCRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 49.0% | 4.1% | ||
| Q3 25 | 49.4% | 1.3% | ||
| Q2 25 | 40.7% | 1.9% | ||
| Q1 25 | 37.2% | -10.8% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | -0.4% | ||
| Q2 24 | — | -1.0% |
净利率FLOCRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 20.1% | — | ||
| Q3 25 | 17.9% | -5.6% | ||
| Q2 25 | 6.0% | -5.0% | ||
| Q1 25 | 6.5% | -14.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -6.4% | ||
| Q2 24 | — | -8.7% |
每股收益（稀释后）FLOCRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.47 | $0.50 | ||
| Q3 25 | $0.32 | $-0.07 | ||
| Q2 25 | $0.21 | $-0.06 | ||
| Q1 25 | $0.24 | $-0.15 | ||
| Q4 24 | — | $0.05 | ||
| Q3 24 | — | $-0.08 | ||
| Q2 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 | $4.5M | $67.6M |
| 总债务越低越好 | $167.8M | — |
| 股东权益账面价值 | $228.6M | $419.1M |
| 总资产 | $1.6B | — |
| 负债/权益比越低杠杆越低 | 0.73× | — |
8季度趋势，按日历期对齐
现金及短期投资FLOCRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $4.5M | $96.4M | ||
| Q3 25 | $7.2M | $74.8M | ||
| Q2 25 | $9.3M | $60.5M | ||
| Q1 25 | $687.0K | $71.2M | ||
| Q4 24 | — | $87.8M | ||
| Q3 24 | — | $37.2M | ||
| Q2 24 | — | $64.6M |
总债务FLOCRBBN
| Q1 26 | — | — | ||
| Q4 25 | $167.8M | $342.1M | ||
| Q3 25 | $222.6M | $344.3M | ||
| Q2 25 | $167.1M | $346.5M | ||
| Q1 25 | $181.0M | $347.4M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
股东权益FLOCRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $228.6M | $449.0M | ||
| Q3 25 | $371.0M | $360.1M | ||
| Q2 25 | $150.3M | $370.4M | ||
| Q1 25 | $-370.1M | $381.8M | ||
| Q4 24 | — | $404.6M | ||
| Q3 24 | — | $395.5M | ||
| Q2 24 | — | $405.0M |
总资产FLOCRBBN
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B |
负债/权益比FLOCRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.73× | 0.76× | ||
| Q3 25 | 0.60× | 0.96× | ||
| Q2 25 | 1.11× | 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 | $87.2M | — |
| 自由现金流经营现金流 - 资本支出 | $63.2M | — |
| 自由现金流率自由现金流/营收 | 73.8% | — |
| 资本支出强度资本支出/营收 | 28.0% | — |
| 现金转化率经营现金流/净利润 | 5.06× | — |
| 过去12个月自由现金流最近4个季度 | $167.1M | — |
8季度趋势，按日历期对齐
经营现金流FLOCRBBN
| Q1 26 | — | — | ||
| Q4 25 | $87.2M | $29.2M | ||
| Q3 25 | $82.5M | $26.5M | ||
| Q2 25 | $82.2M | $-795.0K | ||
| Q1 25 | $42.5M | $-3.5M | ||
| Q4 24 | — | $61.8M | ||
| Q3 24 | — | $-14.8M | ||
| Q2 24 | — | $-9.8M |
自由现金流FLOCRBBN
| Q1 26 | — | — | ||
| Q4 25 | $63.2M | $27.3M | ||
| Q3 25 | $42.8M | $21.0M | ||
| Q2 25 | $46.4M | $-6.5M | ||
| Q1 25 | $14.7M | $-15.7M | ||
| Q4 24 | — | $53.8M | ||
| Q3 24 | — | $-23.7M | ||
| Q2 24 | — | $-12.9M |
自由现金流率FLOCRBBN
| Q1 26 | — | — | ||
| Q4 25 | 73.8% | 12.0% | ||
| Q3 25 | 61.2% | 9.7% | ||
| Q2 25 | 50.9% | -2.9% | ||
| Q1 25 | 15.5% | -8.7% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | -11.3% | ||
| Q2 24 | — | -6.7% |
资本支出强度FLOCRBBN
| Q1 26 | — | — | ||
| Q4 25 | 28.0% | 0.9% | ||
| Q3 25 | 56.7% | 2.6% | ||
| Q2 25 | 39.3% | 2.6% | ||
| Q1 25 | 29.3% | 6.7% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | — | 1.6% |
现金转化率FLOCRBBN
| Q1 26 | — | — | ||
| Q4 25 | 5.06× | — | ||
| Q3 25 | 6.59× | — | ||
| Q2 25 | 15.02× | — | ||
| Q1 25 | 6.89× | — | ||
| 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
FLOC
| Transferred Over Time | $65.1M | 76% |
| Natural Gas Production | $21.0M | 25% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
