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Funko, Inc.（FNKO）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
Funko, Inc.的季度营收约是Ribbon Communications Inc.的1.7倍（$273.1M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs -0.1%，领先54.8%），Funko, Inc.同比增速更快（-7.0% vs -10.3%），过去两年Funko, Inc.的营收复合增速更高（12.5% vs -8.1%）
Funko是一家美国知名流行文化周边收藏品牌，主打获得IP授权的限量收藏商品，以 vinyl 搪胶收藏人偶和摇头公仔闻名，同时也生产授权毛绒玩具、可动玩偶、服饰、配件及周边桌游。该品牌由迈克·贝克尔与克劳迪娅·贝克尔于1998年创立，最初只是主打复古怀旧风的小型手工玩具项目。
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。
FNKO vs RBBN — 直观对比
营收规模更大
FNKO
是对方的1.7倍
$162.6M
营收增速更快
FNKO
高出3.3%
-10.3%
净利率更高
RBBN
高出54.8%
-0.1%
两年增速更快
FNKO
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.1M | $162.6M |
| 净利润 | $-183.0K | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | 2.2% | 37.6% |
| 净利率 | -0.1% | 54.8% |
| 营收同比 | -7.0% | -10.3% |
| 净利润同比 | 87.8% | — |
| 每股收益（稀释后） | $0.00 | $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FNKORBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $273.1M | $227.3M | ||
| Q3 25 | $250.9M | $215.4M | ||
| Q2 25 | $193.5M | $220.6M | ||
| Q1 25 | $190.7M | $181.3M | ||
| Q4 24 | $293.7M | $251.4M | ||
| Q3 24 | $292.8M | $210.2M | ||
| Q2 24 | $247.7M | $192.6M |
净利润FNKORBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $-183.0K | — | ||
| Q3 25 | $901.0K | $-12.1M | ||
| Q2 25 | $-40.5M | $-11.1M | ||
| Q1 25 | $-27.6M | $-26.2M | ||
| Q4 24 | $-1.5M | — | ||
| Q3 24 | $4.3M | $-13.4M | ||
| Q2 24 | $5.1M | $-16.8M |
毛利率FNKORBBN
| 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 | 40.9% | 52.1% | ||
| Q2 24 | 42.0% | 50.8% |
营业利润率FNKORBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 2.2% | 4.1% | ||
| Q3 25 | 2.6% | 1.3% | ||
| Q2 25 | -18.0% | 1.9% | ||
| Q1 25 | -12.2% | -10.8% | ||
| Q4 24 | 1.8% | 13.2% | ||
| Q3 24 | 4.0% | -0.4% | ||
| Q2 24 | 4.3% | -1.0% |
净利率FNKORBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | -0.1% | — | ||
| Q3 25 | 0.4% | -5.6% | ||
| Q2 25 | -20.9% | -5.0% | ||
| Q1 25 | -14.5% | -14.5% | ||
| Q4 24 | -0.5% | — | ||
| Q3 24 | 1.5% | -6.4% | ||
| Q2 24 | 2.1% | -8.7% |
每股收益（稀释后）FNKORBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.00 | $0.50 | ||
| Q3 25 | $0.02 | $-0.07 | ||
| Q2 25 | $-0.74 | $-0.06 | ||
| Q1 25 | $-0.52 | $-0.15 | ||
| Q4 24 | $-0.01 | $0.05 | ||
| Q3 24 | $0.08 | $-0.08 | ||
| Q2 24 | $0.10 | $-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 | $42.1M | $67.6M |
| 总债务越低越好 | $100.3M | — |
| 股东权益账面价值 | $185.8M | $419.1M |
| 总资产 | $685.2M | — |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资FNKORBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $42.1M | $96.4M | ||
| Q3 25 | $39.2M | $74.8M | ||
| Q2 25 | $49.2M | $60.5M | ||
| Q1 25 | $25.9M | $71.2M | ||
| Q4 24 | $34.7M | $87.8M | ||
| Q3 24 | $28.5M | $37.2M | ||
| Q2 24 | $41.6M | $64.6M |
总债务FNKORBBN
| Q1 26 | — | — | ||
| Q4 25 | $100.3M | $342.1M | ||
| Q3 25 | $106.0M | $344.3M | ||
| Q2 25 | $111.6M | $346.5M | ||
| Q1 25 | $117.2M | $347.4M | ||
| Q4 24 | $122.8M | $348.3M | ||
| Q3 24 | $128.4M | $349.1M | ||
| Q2 24 | $133.9M | $350.0M |
股东权益FNKORBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $185.8M | $449.0M | ||
| Q3 25 | $182.7M | $360.1M | ||
| Q2 25 | $181.2M | $370.4M | ||
| Q1 25 | $212.8M | $381.8M | ||
| Q4 24 | $233.0M | $404.6M | ||
| Q3 24 | $236.5M | $395.5M | ||
| Q2 24 | $223.5M | $405.0M |
总资产FNKORBBN
| Q1 26 | — | — | ||
| Q4 25 | $685.2M | $1.2B | ||
| Q3 25 | $699.3M | $1.1B | ||
| Q2 25 | $694.9M | $1.1B | ||
| Q1 25 | $648.4M | $1.1B | ||
| Q4 24 | $707.3M | $1.2B | ||
| Q3 24 | $783.6M | $1.1B | ||
| Q2 24 | $737.8M | $1.1B |
负债/权益比FNKORBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.54× | 0.76× | ||
| Q3 25 | 0.58× | 0.96× | ||
| Q2 25 | 0.62× | 0.94× | ||
| Q1 25 | 0.55× | 0.91× | ||
| Q4 24 | 0.53× | 0.86× | ||
| Q3 24 | 0.54× | 0.88× | ||
| Q2 24 | 0.60× | 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 | $28.1M | — |
| 自由现金流经营现金流 - 资本支出 | $19.2M | — |
| 自由现金流率自由现金流/营收 | 7.0% | — |
| 资本支出强度资本支出/营收 | 3.3% | — |
| 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 | $-38.1M | — |
8季度趋势，按日历期对齐
经营现金流FNKORBBN
| Q1 26 | — | — | ||
| Q4 25 | $28.1M | $29.2M | ||
| Q3 25 | $11.2M | $26.5M | ||
| Q2 25 | $-22.2M | $-795.0K | ||
| Q1 25 | $-22.3M | $-3.5M | ||
| Q4 24 | $59.8M | $61.8M | ||
| Q3 24 | $3.3M | $-14.8M | ||
| Q2 24 | $45.9M | $-9.8M |
自由现金流FNKORBBN
| Q1 26 | — | — | ||
| Q4 25 | $19.2M | $27.3M | ||
| Q3 25 | $3.4M | $21.0M | ||
| Q2 25 | $-31.8M | $-6.5M | ||
| Q1 25 | $-28.8M | $-15.7M | ||
| Q4 24 | $47.8M | $53.8M | ||
| Q3 24 | $-4.2M | $-23.7M | ||
| Q2 24 | $36.8M | $-12.9M |
自由现金流率FNKORBBN
| Q1 26 | — | — | ||
| Q4 25 | 7.0% | 12.0% | ||
| Q3 25 | 1.3% | 9.7% | ||
| Q2 25 | -16.5% | -2.9% | ||
| Q1 25 | -15.1% | -8.7% | ||
| Q4 24 | 16.3% | 21.4% | ||
| Q3 24 | -1.4% | -11.3% | ||
| Q2 24 | 14.9% | -6.7% |
资本支出强度FNKORBBN
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | 0.9% | ||
| Q3 25 | 3.1% | 2.6% | ||
| Q2 25 | 5.0% | 2.6% | ||
| Q1 25 | 3.4% | 6.7% | ||
| Q4 24 | 4.1% | 3.2% | ||
| Q3 24 | 2.6% | 4.2% | ||
| Q2 24 | 3.7% | 1.6% |
现金转化率FNKORBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 12.47× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 8.97× | — |
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
FNKO
| Core Collectibles | $221.0M | 81% |
| Loungefly LLC | $43.1M | 16% |
| Other Products Excluding Core Collectibles And Loungefly Brands | $9.0M | 3% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
