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飞汇（FLYW）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.的季度营收约是飞汇的1.0倍（$162.6M vs $157.5M），Ribbon Communications Inc.净利率更高（54.8% vs 0.0%，领先54.8%），飞汇同比增速更快（34.0% vs -10.3%），过去两年飞汇的营收复合增速更高（17.5% vs -8.1%）
Flywire Corp（飞汇）是一家全球支付解决方案提供商，核心服务覆盖教育、医疗、旅游及B2B商务领域，提供安全跨境支付处理、货币兑换及支付流程优化工具，为全球多国的机构与付款人简化交易流程。
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。
FLYW vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.0倍
$157.5M
营收增速更快
FLYW
高出44.3%
-10.3%
净利率更高
RBBN
高出54.8%
0.0%
两年增速更快
FLYW
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $157.5M | $162.6M |
| 净利润 | $33.0K | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | -0.6% | 37.6% |
| 净利率 | 0.0% | 54.8% |
| 营收同比 | 34.0% | -10.3% |
| 净利润同比 | 100.2% | — |
| 每股收益（稀释后） | $0.01 | $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FLYWRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $157.5M | $227.3M | ||
| Q3 25 | $200.1M | $215.4M | ||
| Q2 25 | $131.9M | $220.6M | ||
| Q1 25 | $133.5M | $181.3M | ||
| Q4 24 | $117.5M | $251.4M | ||
| Q3 24 | $156.8M | $210.2M | ||
| Q2 24 | $103.7M | $192.6M |
净利润FLYWRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $33.0K | — | ||
| Q3 25 | $29.6M | $-12.1M | ||
| Q2 25 | $-12.0M | $-11.1M | ||
| Q1 25 | $-4.2M | $-26.2M | ||
| Q4 24 | $-15.9M | — | ||
| Q3 24 | $38.9M | $-13.4M | ||
| Q2 24 | $-13.9M | $-16.8M |
毛利率FLYWRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | — | 53.3% | ||
| Q3 25 | — | 50.1% | ||
| Q2 25 | — | 49.6% | ||
| Q1 25 | — | 45.4% | ||
| Q4 24 | — | 55.7% | ||
| Q3 24 | — | 52.1% | ||
| Q2 24 | — | 50.8% |
营业利润率FLYWRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | -0.6% | 4.1% | ||
| Q3 25 | 16.1% | 1.3% | ||
| Q2 25 | -6.8% | 1.9% | ||
| Q1 25 | -8.2% | -10.8% | ||
| Q4 24 | -4.9% | 13.2% | ||
| Q3 24 | 12.9% | -0.4% | ||
| Q2 24 | -15.2% | -1.0% |
净利率FLYWRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 0.0% | — | ||
| Q3 25 | 14.8% | -5.6% | ||
| Q2 25 | -9.1% | -5.0% | ||
| Q1 25 | -3.1% | -14.5% | ||
| Q4 24 | -13.5% | — | ||
| Q3 24 | 24.8% | -6.4% | ||
| Q2 24 | -13.4% | -8.7% |
每股收益（稀释后）FLYWRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.01 | $0.50 | ||
| Q3 25 | $0.23 | $-0.07 | ||
| Q2 25 | $-0.10 | $-0.06 | ||
| Q1 25 | $-0.03 | $-0.15 | ||
| Q4 24 | $-0.12 | $0.05 | ||
| Q3 24 | $0.30 | $-0.08 | ||
| Q2 24 | $-0.11 | $-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 | $355.0M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $835.2M | $419.1M |
| 总资产 | $1.3B | — |
| 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FLYWRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $355.0M | $96.4M | ||
| Q3 25 | $377.3M | $74.8M | ||
| Q2 25 | $274.2M | $60.5M | ||
| Q1 25 | $255.3M | $71.2M | ||
| Q4 24 | $611.1M | $87.8M | ||
| Q3 24 | $681.1M | $37.2M | ||
| Q2 24 | $571.0M | $64.6M |
总债务FLYWRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $342.1M | ||
| Q3 25 | $15.0M | $344.3M | ||
| Q2 25 | $60.0M | $346.5M | ||
| Q1 25 | $60.0M | $347.4M | ||
| Q4 24 | $0 | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
股东权益FLYWRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $835.2M | $449.0M | ||
| Q3 25 | $829.1M | $360.1M | ||
| Q2 25 | $792.4M | $370.4M | ||
| Q1 25 | $784.3M | $381.8M | ||
| Q4 24 | $814.8M | $404.6M | ||
| Q3 24 | $843.2M | $395.5M | ||
| Q2 24 | $802.6M | $405.0M |
总资产FLYWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $998.7M | $1.1B |
负债/权益比FLYWRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | 0.02× | 0.96× | ||
| Q2 25 | 0.08× | 0.94× | ||
| Q1 25 | 0.08× | 0.91× | ||
| Q4 24 | 0.00× | 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 | $4.9M | — |
| 自由现金流经营现金流 - 资本支出 | $4.5M | — |
| 自由现金流率自由现金流/营收 | 2.9% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | 148.06× | — |
| 过去12个月自由现金流最近4个季度 | $98.8M | — |
8季度趋势，按日历期对齐
经营现金流FLYWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $4.9M | $29.2M | ||
| Q3 25 | $150.1M | $26.5M | ||
| Q2 25 | $24.1M | $-795.0K | ||
| Q1 25 | $-78.9M | $-3.5M | ||
| Q4 24 | $-28.6M | $61.8M | ||
| Q3 24 | $184.6M | $-14.8M | ||
| Q2 24 | $-19.3M | $-9.8M |
自由现金流FLYWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $4.5M | $27.3M | ||
| Q3 25 | $149.9M | $21.0M | ||
| Q2 25 | $23.5M | $-6.5M | ||
| Q1 25 | $-79.1M | $-15.7M | ||
| Q4 24 | $-28.7M | $53.8M | ||
| Q3 24 | $184.4M | $-23.7M | ||
| Q2 24 | $-19.7M | $-12.9M |
自由现金流率FLYWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 12.0% | ||
| Q3 25 | 74.9% | 9.7% | ||
| Q2 25 | 17.8% | -2.9% | ||
| Q1 25 | -59.3% | -8.7% | ||
| Q4 24 | -24.4% | 21.4% | ||
| Q3 24 | 117.6% | -11.3% | ||
| Q2 24 | -19.0% | -6.7% |
资本支出强度FLYWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 0.9% | ||
| Q3 25 | 0.1% | 2.6% | ||
| Q2 25 | 0.4% | 2.6% | ||
| Q1 25 | 0.1% | 6.7% | ||
| Q4 24 | 0.1% | 3.2% | ||
| Q3 24 | 0.1% | 4.2% | ||
| Q2 24 | 0.3% | 1.6% |
现金转化率FLYWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 148.06× | — | ||
| Q3 25 | 5.07× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.75× | — | ||
| 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
FLYW
| Transactions | $126.4M | 80% |
| Platform And Other Revenues | $31.1M | 20% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
