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Global Net Lease, Inc.（GNL）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Global Net Lease, Inc.的1.4倍（$162.6M vs $117.0M），Ribbon Communications Inc.净利率更高（54.8% vs 41.2%，领先13.6%），Ribbon Communications Inc.同比增速更快（-10.3% vs -15.1%），过去两年Ribbon Communications Inc.的营收复合增速更高（-8.1% vs -11.1%）
Global Net Lease, Inc. 是一家上市房地产投资信托机构，主要收购、持有并运营多元化商业地产资产，通过长期净租赁协议出租物业，项目覆盖北美、欧洲多地，涵盖工业、办公、零售等领域，为股东提供稳定的长期收益。
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。
GNL vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.4倍
$117.0M
营收增速更快
RBBN
高出4.8%
-15.1%
净利率更高
RBBN
高出13.6%
41.2%
两年增速更快
RBBN
近两年复合增速
-11.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $117.0M | $162.6M |
| 净利润 | $48.2M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | 94.7% | 37.6% |
| 净利率 | 41.2% | 54.8% |
| 营收同比 | -15.1% | -10.3% |
| 净利润同比 | 838.7% | — |
| 每股收益（稀释后） | $0.14 | $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GNLRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $117.0M | $227.3M | ||
| Q3 25 | $121.0M | $215.4M | ||
| Q2 25 | $124.9M | $220.6M | ||
| Q1 25 | $132.4M | $181.3M | ||
| Q4 24 | $137.8M | $251.4M | ||
| Q3 24 | $138.7M | $210.2M | ||
| Q2 24 | $145.5M | $192.6M |
净利润GNLRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $48.2M | — | ||
| Q3 25 | $-60.1M | $-12.1M | ||
| Q2 25 | $-24.1M | $-11.1M | ||
| Q1 25 | $-189.4M | $-26.2M | ||
| Q4 24 | $-6.5M | — | ||
| Q3 24 | $-65.6M | $-13.4M | ||
| Q2 24 | $-35.7M | $-16.8M |
毛利率GNLRBBN
| 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GNLRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 94.7% | 4.1% | ||
| Q3 25 | -11.7% | 1.3% | ||
| Q2 25 | 33.9% | 1.9% | ||
| Q1 25 | -21.1% | -10.8% | ||
| Q4 24 | 40.8% | 13.2% | ||
| Q3 24 | 9.3% | -0.4% | ||
| Q2 24 | 42.6% | -1.0% |
净利率GNLRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 41.2% | — | ||
| Q3 25 | -49.7% | -5.6% | ||
| Q2 25 | -19.3% | -5.0% | ||
| Q1 25 | -143.0% | -14.5% | ||
| Q4 24 | -4.7% | — | ||
| Q3 24 | -47.3% | -6.4% | ||
| Q2 24 | -24.5% | -8.7% |
每股收益（稀释后）GNLRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.14 | $0.50 | ||
| Q3 25 | $-0.32 | $-0.07 | ||
| Q2 25 | $-0.16 | $-0.06 | ||
| Q1 25 | $-0.87 | $-0.15 | ||
| Q4 24 | $-0.08 | $0.05 | ||
| Q3 24 | $-0.33 | $-0.08 | ||
| Q2 24 | $-0.20 | $-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 | $180.1M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.7B | $419.1M |
| 总资产 | $4.3B | — |
| 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GNLRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $180.1M | $96.4M | ||
| Q3 25 | $165.1M | $74.8M | ||
| Q2 25 | $144.8M | $60.5M | ||
| Q1 25 | $147.0M | $71.2M | ||
| Q4 24 | $159.7M | $87.8M | ||
| Q3 24 | $127.2M | $37.2M | ||
| Q2 24 | $122.2M | $64.6M |
总债务GNLRBBN
| 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GNLRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $1.7B | $449.0M | ||
| Q3 25 | $1.7B | $360.1M | ||
| Q2 25 | $1.8B | $370.4M | ||
| Q1 25 | $1.9B | $381.8M | ||
| Q4 24 | $2.2B | $404.6M | ||
| Q3 24 | $2.3B | $395.5M | ||
| Q2 24 | $2.4B | $405.0M |
总资产GNLRBBN
| Q1 26 | — | — | ||
| Q4 25 | $4.3B | $1.2B | ||
| Q3 25 | $4.8B | $1.1B | ||
| Q2 25 | $5.0B | $1.1B | ||
| Q1 25 | $5.8B | $1.1B | ||
| Q4 24 | $7.0B | $1.2B | ||
| Q3 24 | $7.3B | $1.1B | ||
| Q2 24 | $7.6B | $1.1B |
负债/权益比GNLRBBN
| 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 | $222.8M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 4.62× | — |
| 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GNLRBBN
| Q1 26 | — | — | ||
| Q4 25 | $222.8M | $29.2M | ||
| Q3 25 | $56.0M | $26.5M | ||
| Q2 25 | $52.0M | $-795.0K | ||
| Q1 25 | $59.2M | $-3.5M | ||
| Q4 24 | $299.5M | $61.8M | ||
| Q3 24 | $62.1M | $-14.8M | ||
| Q2 24 | $70.4M | $-9.8M |
自由现金流GNLRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $27.3M | ||
| Q3 25 | — | $21.0M | ||
| Q2 25 | — | $-6.5M | ||
| Q1 25 | — | $-15.7M | ||
| Q4 24 | — | $53.8M | ||
| Q3 24 | — | $-23.7M | ||
| Q2 24 | — | $-12.9M |
自由现金流率GNLRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | -2.9% | ||
| Q1 25 | — | -8.7% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | -11.3% | ||
| Q2 24 | — | -6.7% |
资本支出强度GNLRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | — | 1.6% |
现金转化率GNLRBBN
| Q1 26 | — | — | ||
| Q4 25 | 4.62× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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
GNL
| Industrial And Distribution Segment | $56.0M | 48% |
| Office Segment | $30.8M | 26% |
| Single Tenant Retail Segment | $30.2M | 26% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
