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FRIEDMAN INDUSTRIES INC（FRD）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
FRIEDMAN INDUSTRIES INC的季度营收约是Ribbon Communications Inc.的1.0倍（$168.0M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 1.8%，领先53.0%），FRIEDMAN INDUSTRIES INC同比增速更快（78.6% vs -10.3%），过去两年FRIEDMAN INDUSTRIES INC的营收复合增速更高（13.3% vs -8.1%）
赫尔曼与弗里德曼（H&F）是一家美国私募股权公司，由沃伦·赫尔曼与塔利·弗里德曼于1984年创立，主要通过杠杆收购及成长资本开展投资业务，核心投资方向覆盖传媒、金融服务、专业服务与信息服务等多个领域。
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。
FRD vs RBBN — 直观对比
营收规模更大
FRD
是对方的1.0倍
$162.6M
营收增速更快
FRD
高出88.9%
-10.3%
净利率更高
RBBN
高出53.0%
1.8%
两年增速更快
FRD
近两年复合增速
-8.1%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $168.0M | $162.6M |
| 净利润 | $3.0M | $89.1M |
| 毛利率 | 2.3% | 42.9% |
| 营业利润率 | 2.3% | 37.6% |
| 净利率 | 1.8% | 54.8% |
| 营收同比 | 78.6% | -10.3% |
| 净利润同比 | 364.1% | — |
| 每股收益（稀释后） | $0.43 | $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FRDRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $168.0M | $227.3M | ||
| Q3 25 | $152.4M | $215.4M | ||
| Q2 25 | $134.8M | $220.6M | ||
| Q1 25 | — | $181.3M | ||
| Q4 24 | $94.1M | $251.4M | ||
| Q3 24 | $106.8M | $210.2M | ||
| Q2 24 | $114.6M | $192.6M |
净利润FRDRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $3.0M | — | ||
| Q3 25 | $2.2M | $-12.1M | ||
| Q2 25 | $5.0M | $-11.1M | ||
| Q1 25 | — | $-26.2M | ||
| Q4 24 | $-1.2M | — | ||
| Q3 24 | $-675.0K | $-13.4M | ||
| Q2 24 | $2.6M | $-16.8M |
毛利率FRDRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 2.3% | 53.3% | ||
| Q3 25 | 1.9% | 50.1% | ||
| Q2 25 | 5.2% | 49.6% | ||
| Q1 25 | — | 45.4% | ||
| Q4 24 | — | 55.7% | ||
| Q3 24 | -0.2% | 52.1% | ||
| Q2 24 | -1.2% | 50.8% |
营业利润率FRDRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 2.3% | 4.1% | ||
| Q3 25 | 1.9% | 1.3% | ||
| Q2 25 | 5.2% | 1.9% | ||
| Q1 25 | — | -10.8% | ||
| Q4 24 | -1.3% | 13.2% | ||
| Q3 24 | -0.2% | -0.4% | ||
| Q2 24 | -1.2% | -1.0% |
净利率FRDRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 1.8% | — | ||
| Q3 25 | 1.5% | -5.6% | ||
| Q2 25 | 3.7% | -5.0% | ||
| Q1 25 | — | -14.5% | ||
| Q4 24 | -1.2% | — | ||
| Q3 24 | -0.6% | -6.4% | ||
| Q2 24 | 2.2% | -8.7% |
每股收益（稀释后）FRDRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.43 | $0.50 | ||
| Q3 25 | $0.32 | $-0.07 | ||
| Q2 25 | $0.71 | $-0.06 | ||
| Q1 25 | — | $-0.15 | ||
| Q4 24 | $-0.17 | $0.05 | ||
| Q3 24 | $-0.10 | $-0.08 | ||
| Q2 24 | $0.37 | $-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 | $3.0M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $142.2M | $419.1M |
| 总资产 | $311.9M | — |
| 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FRDRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $3.0M | $96.4M | ||
| Q3 25 | $4.6M | $74.8M | ||
| Q2 25 | $2.1M | $60.5M | ||
| Q1 25 | — | $71.2M | ||
| Q4 24 | $1.1M | $87.8M | ||
| Q3 24 | $2.5M | $37.2M | ||
| Q2 24 | $4.1M | $64.6M |
总债务FRDRBBN
| 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FRDRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $142.2M | $449.0M | ||
| Q3 25 | $139.3M | $360.1M | ||
| Q2 25 | $137.3M | $370.4M | ||
| Q1 25 | — | $381.8M | ||
| Q4 24 | $127.3M | $404.6M | ||
| Q3 24 | $128.8M | $395.5M | ||
| Q2 24 | $129.7M | $405.0M |
总资产FRDRBBN
| Q1 26 | — | — | ||
| Q4 25 | $311.9M | $1.2B | ||
| Q3 25 | $311.3M | $1.1B | ||
| Q2 25 | $219.1M | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $210.3M | $1.2B | ||
| Q3 24 | $209.2M | $1.1B | ||
| Q2 24 | $222.8M | $1.1B |
负债/权益比FRDRBBN
| 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 | $-4.7M | — |
| 自由现金流经营现金流 - 资本支出 | $-6.3M | — |
| 自由现金流率自由现金流/营收 | -3.8% | — |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 现金转化率经营现金流/净利润 | -1.56× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FRDRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-4.7M | $29.2M | ||
| Q3 25 | $434.0K | $26.5M | ||
| Q2 25 | $15.5M | $-795.0K | ||
| Q1 25 | — | $-3.5M | ||
| Q4 24 | — | $61.8M | ||
| Q3 24 | — | $-14.8M | ||
| Q2 24 | $-6.1M | $-9.8M |
自由现金流FRDRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-6.3M | $27.3M | ||
| Q3 25 | $-2.0M | $21.0M | ||
| Q2 25 | $13.7M | $-6.5M | ||
| Q1 25 | — | $-15.7M | ||
| Q4 24 | — | $53.8M | ||
| Q3 24 | — | $-23.7M | ||
| Q2 24 | $-7.1M | $-12.9M |
自由现金流率FRDRBBN
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | 12.0% | ||
| Q3 25 | -1.3% | 9.7% | ||
| Q2 25 | 10.2% | -2.9% | ||
| Q1 25 | — | -8.7% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | -11.3% | ||
| Q2 24 | -6.2% | -6.7% |
资本支出强度FRDRBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 0.9% | ||
| Q3 25 | 1.6% | 2.6% | ||
| Q2 25 | 1.3% | 2.6% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | 0.9% | 1.6% |
现金转化率FRDRBBN
| Q1 26 | — | — | ||
| Q4 25 | -1.56× | — | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 3.08× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -2.36× | — |
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
FRD
| Prime Coil | $152.0M | 90% |
| Manufactured Pipe | $14.9M | 9% |
| Customer Owned | $1.1M | 1% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
