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Fathom Holdings Inc.（FTHM）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Fathom Holdings Inc.的1.8倍（$162.6M vs $90.6M），Ribbon Communications Inc.净利率更高（54.8% vs -7.4%，领先62.2%），Fathom Holdings Inc.同比增速更快（-1.2% vs -10.3%），过去两年Fathom Holdings Inc.的营收复合增速更高（13.4% vs -8.1%）
Fathom Holdings Inc.是一家总部位于美国的房地产科技与服务企业，为房产经纪人、经纪机构和消费者提供数字交易管理、按揭服务、产权保险、住宅经纪等一站式解决方案，业务覆盖美国大部分区域市场。
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。
FTHM vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.8倍
$90.6M
营收增速更快
FTHM
高出9.1%
-10.3%
净利率更高
RBBN
高出62.2%
-7.4%
两年增速更快
FTHM
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $90.6M | $162.6M |
| 净利润 | $-6.7M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | -5.2% | 37.6% |
| 净利率 | -7.4% | 54.8% |
| 营收同比 | -1.2% | -10.3% |
| 净利润同比 | -7.7% | — |
| 每股收益（稀释后） | $-0.20 | $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FTHMRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $90.6M | $227.3M | ||
| Q3 25 | $115.3M | $215.4M | ||
| Q2 25 | $121.4M | $220.6M | ||
| Q1 25 | $93.1M | $181.3M | ||
| Q4 24 | $91.7M | $251.4M | ||
| Q3 24 | $83.7M | $210.2M | ||
| Q2 24 | $89.2M | $192.6M |
净利润FTHMRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $-6.7M | — | ||
| Q3 25 | $-4.4M | $-12.1M | ||
| Q2 25 | $-3.6M | $-11.1M | ||
| Q1 25 | $-5.6M | $-26.2M | ||
| Q4 24 | $-6.2M | — | ||
| Q3 24 | $-8.1M | $-13.4M | ||
| Q2 24 | $-1.3M | $-16.8M |
毛利率FTHMRBBN
| 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FTHMRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | -5.2% | 4.1% | ||
| Q3 25 | -3.5% | 1.3% | ||
| Q2 25 | -2.0% | 1.9% | ||
| Q1 25 | -4.8% | -10.8% | ||
| Q4 24 | -7.0% | 13.2% | ||
| Q3 24 | -9.3% | -0.4% | ||
| Q2 24 | -4.1% | -1.0% |
净利率FTHMRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | -7.4% | — | ||
| Q3 25 | -3.8% | -5.6% | ||
| Q2 25 | -3.0% | -5.0% | ||
| Q1 25 | -6.1% | -14.5% | ||
| Q4 24 | -6.8% | — | ||
| Q3 24 | -9.7% | -6.4% | ||
| Q2 24 | -1.5% | -8.7% |
每股收益（稀释后）FTHMRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-0.20 | $0.50 | ||
| Q3 25 | $-0.15 | $-0.07 | ||
| Q2 25 | $-0.13 | $-0.06 | ||
| Q1 25 | $-0.24 | $-0.15 | ||
| Q4 24 | $-0.29 | $0.05 | ||
| Q3 24 | $-0.40 | $-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 | $5.8M | $67.6M |
| 总债务越低越好 | $5.6M | — |
| 股东权益账面价值 | $37.4M | $419.1M |
| 总资产 | $78.0M | — |
| 负债/权益比越低杠杆越低 | 0.15× | — |
8季度趋势，按日历期对齐
现金及短期投资FTHMRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $5.8M | $96.4M | ||
| Q3 25 | $9.8M | $74.8M | ||
| Q2 25 | $4.9M | $60.5M | ||
| Q1 25 | $8.0M | $71.2M | ||
| Q4 24 | $7.1M | $87.8M | ||
| Q3 24 | $13.1M | $37.2M | ||
| Q2 24 | $10.4M | $64.6M |
总债务FTHMRBBN
| Q1 26 | — | — | ||
| Q4 25 | $5.6M | $342.1M | ||
| Q3 25 | $5.1M | $344.3M | ||
| Q2 25 | $5.1M | $346.5M | ||
| Q1 25 | $5.1M | $347.4M | ||
| Q4 24 | $9.5M | $348.3M | ||
| Q3 24 | $8.8M | $349.1M | ||
| Q2 24 | $3.6M | $350.0M |
股东权益FTHMRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $37.4M | $449.0M | ||
| Q3 25 | $43.4M | $360.1M | ||
| Q2 25 | $40.7M | $370.4M | ||
| Q1 25 | $43.4M | $381.8M | ||
| Q4 24 | $44.7M | $404.6M | ||
| Q3 24 | $47.1M | $395.5M | ||
| Q2 24 | $53.1M | $405.0M |
总资产FTHMRBBN
| Q1 26 | — | — | ||
| Q4 25 | $78.0M | $1.2B | ||
| Q3 25 | $83.2M | $1.1B | ||
| Q2 25 | $80.4M | $1.1B | ||
| Q1 25 | $81.0M | $1.1B | ||
| Q4 24 | $75.4M | $1.2B | ||
| Q3 24 | $80.9M | $1.1B | ||
| Q2 24 | $80.2M | $1.1B |
负债/权益比FTHMRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.15× | 0.76× | ||
| Q3 25 | 0.12× | 0.96× | ||
| Q2 25 | 0.12× | 0.94× | ||
| Q1 25 | 0.12× | 0.91× | ||
| Q4 24 | 0.21× | 0.86× | ||
| Q3 24 | 0.19× | 0.88× | ||
| Q2 24 | 0.07× | 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 | $-20.5M | — |
| 自由现金流经营现金流 - 资本支出 | $-20.7M | — |
| 自由现金流率自由现金流/营收 | -22.8% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 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 | $-29.4M | — |
8季度趋势，按日历期对齐
经营现金流FTHMRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-20.5M | $29.2M | ||
| Q3 25 | $3.0M | $26.5M | ||
| Q2 25 | $-5.9M | $-795.0K | ||
| Q1 25 | $-5.7M | $-3.5M | ||
| Q4 24 | $-4.7M | $61.8M | ||
| Q3 24 | $-330.0K | $-14.8M | ||
| Q2 24 | $-3.1M | $-9.8M |
自由现金流FTHMRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-20.7M | $27.3M | ||
| Q3 25 | $3.0M | $21.0M | ||
| Q2 25 | $-6.0M | $-6.5M | ||
| Q1 25 | $-5.8M | $-15.7M | ||
| Q4 24 | $-4.7M | $53.8M | ||
| Q3 24 | $-364.0K | $-23.7M | ||
| Q2 24 | $-3.1M | $-12.9M |
自由现金流率FTHMRBBN
| Q1 26 | — | — | ||
| Q4 25 | -22.8% | 12.0% | ||
| Q3 25 | 2.6% | 9.7% | ||
| Q2 25 | -4.9% | -2.9% | ||
| Q1 25 | -6.2% | -8.7% | ||
| Q4 24 | -5.2% | 21.4% | ||
| Q3 24 | -0.4% | -11.3% | ||
| Q2 24 | -3.5% | -6.7% |
资本支出强度FTHMRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 0.9% | ||
| Q3 25 | 0.0% | 2.6% | ||
| Q2 25 | 0.0% | 2.6% | ||
| Q1 25 | 0.0% | 6.7% | ||
| Q4 24 | 0.1% | 3.2% | ||
| Q3 24 | 0.0% | 4.2% | ||
| Q2 24 | 0.0% | 1.6% |
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
FTHM
| Real Estate Brokerage | $84.9M | 94% |
| Mortgage Segment | $3.4M | 4% |
| Other | $2.3M | 3% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
