vs
GOLDEN ENTERTAINMENT, INC.（GDEN）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GOLDEN ENTERTAINMENT, INC.的1.0倍（$162.6M vs $155.6M），Ribbon Communications Inc.净利率更高（54.8% vs -5.5%，领先60.2%），GOLDEN ENTERTAINMENT, INC.同比增速更快（-5.2% vs -10.3%），过去两年GOLDEN ENTERTAINMENT, INC.的营收复合增速更高（-5.4% vs -8.1%）
黄金娱乐公司是一家总部位于内华达州恩特普赖斯的美国博彩企业，成立于2015年，由黄金博彩与莱克斯娱乐合并而来。该公司目前在内华达南部运营8家度假赌场，同时也是内华达州规模最大的酒馆运营商，2017年10月曾以8.5亿美元完成对美国赌场娱乐地产公司的收购。
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。
GDEN vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.0倍
$155.6M
营收增速更快
GDEN
高出5.1%
-10.3%
净利率更高
RBBN
高出60.2%
-5.5%
两年增速更快
GDEN
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $155.6M | $162.6M |
| 净利润 | $-8.5M | $89.1M |
| 毛利率 | 92.5% | 42.9% |
| 营业利润率 | -1.5% | 37.6% |
| 净利率 | -5.5% | 54.8% |
| 营收同比 | -5.2% | -10.3% |
| 净利润同比 | -386.0% | — |
| 每股收益（稀释后） | $-0.31 | $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GDENRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $155.6M | $227.3M | ||
| Q3 25 | $154.8M | $215.4M | ||
| Q2 25 | $163.6M | $220.6M | ||
| Q1 25 | $160.8M | $181.3M | ||
| Q4 24 | $164.2M | $251.4M | ||
| Q3 24 | $161.2M | $210.2M | ||
| Q2 24 | $167.3M | $192.6M |
净利润GDENRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $-8.5M | — | ||
| Q3 25 | $-4.7M | $-12.1M | ||
| Q2 25 | $4.6M | $-11.1M | ||
| Q1 25 | $2.5M | $-26.2M | ||
| Q4 24 | $3.0M | — | ||
| Q3 24 | $5.2M | $-13.4M | ||
| Q2 24 | $623.0K | $-16.8M |
毛利率GDENRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 92.5% | 53.3% | ||
| Q3 25 | 92.8% | 50.1% | ||
| Q2 25 | 93.1% | 49.6% | ||
| Q1 25 | 92.7% | 45.4% | ||
| Q4 24 | 96.3% | 55.7% | ||
| Q3 24 | 93.0% | 52.1% | ||
| Q2 24 | 93.2% | 50.8% |
营业利润率GDENRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | -1.5% | 4.1% | ||
| Q3 25 | 0.6% | 1.3% | ||
| Q2 25 | 7.3% | 1.9% | ||
| Q1 25 | 6.9% | -10.8% | ||
| Q4 24 | 7.1% | 13.2% | ||
| Q3 24 | 4.2% | -0.4% | ||
| Q2 24 | 8.1% | -1.0% |
净利率GDENRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | -5.5% | — | ||
| Q3 25 | -3.0% | -5.6% | ||
| Q2 25 | 2.8% | -5.0% | ||
| Q1 25 | 1.6% | -14.5% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 3.2% | -6.4% | ||
| Q2 24 | 0.4% | -8.7% |
每股收益（稀释后）GDENRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-0.31 | $0.50 | ||
| Q3 25 | $-0.18 | $-0.07 | ||
| Q2 25 | $0.17 | $-0.06 | ||
| Q1 25 | $0.09 | $-0.15 | ||
| Q4 24 | $0.14 | $0.05 | ||
| Q3 24 | $0.18 | $-0.08 | ||
| Q2 24 | $0.02 | $-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 | $55.3M | $67.6M |
| 总债务越低越好 | $426.6M | — |
| 股东权益账面价值 | $420.9M | $419.1M |
| 总资产 | $1.0B | — |
| 负债/权益比越低杠杆越低 | 1.01× | — |
8季度趋势，按日历期对齐
现金及短期投资GDENRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $55.3M | $96.4M | ||
| Q3 25 | $58.3M | $74.8M | ||
| Q2 25 | $52.3M | $60.5M | ||
| Q1 25 | $50.5M | $71.2M | ||
| Q4 24 | $57.7M | $87.8M | ||
| Q3 24 | $68.6M | $37.2M | ||
| Q2 24 | $88.6M | $64.6M |
总债务GDENRBBN
| Q1 26 | — | — | ||
| Q4 25 | $426.6M | $342.1M | ||
| Q3 25 | $417.3M | $344.3M | ||
| Q2 25 | $423.3M | $346.5M | ||
| Q1 25 | $399.3M | $347.4M | ||
| Q4 24 | $405.3M | $348.3M | ||
| Q3 24 | $386.3M | $349.1M | ||
| Q2 24 | $388.2M | $350.0M |
股东权益GDENRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $420.9M | $449.0M | ||
| Q3 25 | $434.2M | $360.1M | ||
| Q2 25 | $443.3M | $370.4M | ||
| Q1 25 | $462.0M | $381.8M | ||
| Q4 24 | $474.2M | $404.6M | ||
| Q3 24 | $513.1M | $395.5M | ||
| Q2 24 | $539.0M | $405.0M |
总资产GDENRBBN
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.0B | $1.1B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.2B | $1.1B |
负债/权益比GDENRBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.01× | 0.76× | ||
| Q3 25 | 0.96× | 0.96× | ||
| Q2 25 | 0.95× | 0.94× | ||
| Q1 25 | 0.86× | 0.91× | ||
| Q4 24 | 0.85× | 0.86× | ||
| Q3 24 | 0.75× | 0.88× | ||
| Q2 24 | 0.72× | 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 | $10.2M | — |
| 自由现金流经营现金流 - 资本支出 | $-4.4M | — |
| 自由现金流率自由现金流/营收 | -2.8% | — |
| 资本支出强度资本支出/营收 | 9.4% | — |
| 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 | $35.6M | — |
8季度趋势，按日历期对齐
经营现金流GDENRBBN
| Q1 26 | — | — | ||
| Q4 25 | $10.2M | $29.2M | ||
| Q3 25 | $26.9M | $26.5M | ||
| Q2 25 | $17.4M | $-795.0K | ||
| Q1 25 | $28.6M | $-3.5M | ||
| Q4 24 | $22.5M | $61.8M | ||
| Q3 24 | $22.5M | $-14.8M | ||
| Q2 24 | $21.5M | $-9.8M |
自由现金流GDENRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-4.4M | $27.3M | ||
| Q3 25 | $19.3M | $21.0M | ||
| Q2 25 | $4.0M | $-6.5M | ||
| Q1 25 | $16.6M | $-15.7M | ||
| Q4 24 | $14.3M | $53.8M | ||
| Q3 24 | $14.7M | $-23.7M | ||
| Q2 24 | $3.9M | $-12.9M |
自由现金流率GDENRBBN
| Q1 26 | — | — | ||
| Q4 25 | -2.8% | 12.0% | ||
| Q3 25 | 12.5% | 9.7% | ||
| Q2 25 | 2.4% | -2.9% | ||
| Q1 25 | 10.4% | -8.7% | ||
| Q4 24 | 8.7% | 21.4% | ||
| Q3 24 | 9.1% | -11.3% | ||
| Q2 24 | 2.3% | -6.7% |
资本支出强度GDENRBBN
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | 0.9% | ||
| Q3 25 | 4.9% | 2.6% | ||
| Q2 25 | 8.2% | 2.6% | ||
| Q1 25 | 7.4% | 6.7% | ||
| Q4 24 | 5.0% | 3.2% | ||
| Q3 24 | 4.9% | 4.2% | ||
| Q2 24 | 10.5% | 1.6% |
现金转化率GDENRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.76× | — | ||
| Q1 25 | 11.43× | — | ||
| Q4 24 | 7.57× | — | ||
| Q3 24 | 4.36× | — | ||
| Q2 24 | 34.51× | — |
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
GDEN
| Nevada Casino Resorts | $90.2M | 58% |
| Nevada Locals Casinos | $37.4M | 24% |
| Nevada Taverns | $27.7M | 18% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
