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汉美驰（HBB）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
汉美驰的季度营收约是Ribbon Communications Inc.的1.3倍（$212.9M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 8.7%，领先46.1%），汉美驰同比增速更快（-0.3% vs -10.3%），过去两年汉美驰的营收复合增速更高（28.8% vs -8.1%）
汉美驰品牌控股公司是美国家电与商用餐厨设备设计营销企业，核心业务覆盖美加墨地区，主要推出搅拌机、料理机、烤面包机、慢炖锅、电熨斗、空气净化器等家用及商用设备，在北美家电市场拥有较高知名度。
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。
HBB vs RBBN — 直观对比
营收规模更大
HBB
是对方的1.3倍
$162.6M
营收增速更快
HBB
高出10.0%
-10.3%
净利率更高
RBBN
高出46.1%
8.7%
两年增速更快
HBB
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $162.6M |
| 净利润 | $18.5M | $89.1M |
| 毛利率 | 28.3% | 42.9% |
| 营业利润率 | 11.9% | 37.6% |
| 净利率 | 8.7% | 54.8% |
| 营收同比 | -0.3% | -10.3% |
| 净利润同比 | -22.7% | — |
| 每股收益（稀释后） | $1.37 | $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HBBRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $212.9M | $227.3M | ||
| Q3 25 | $132.8M | $215.4M | ||
| Q2 25 | $127.8M | $220.6M | ||
| Q1 25 | $133.4M | $181.3M | ||
| Q4 24 | $213.5M | $251.4M | ||
| Q3 24 | $156.7M | $210.2M | ||
| Q2 24 | $156.2M | $192.6M |
净利润HBBRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $18.5M | — | ||
| Q3 25 | $1.7M | $-12.1M | ||
| Q2 25 | $4.5M | $-11.1M | ||
| Q1 25 | $1.8M | $-26.2M | ||
| Q4 24 | $24.0M | — | ||
| Q3 24 | $1.9M | $-13.4M | ||
| Q2 24 | $6.0M | $-16.8M |
毛利率HBBRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 28.3% | 53.3% | ||
| Q3 25 | 21.1% | 50.1% | ||
| Q2 25 | 27.5% | 49.6% | ||
| Q1 25 | 24.6% | 45.4% | ||
| Q4 24 | 26.1% | 55.7% | ||
| Q3 24 | 28.0% | 52.1% | ||
| Q2 24 | 25.9% | 50.8% |
营业利润率HBBRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 11.9% | 4.1% | ||
| Q3 25 | 2.2% | 1.3% | ||
| Q2 25 | 4.7% | 1.9% | ||
| Q1 25 | 1.7% | -10.8% | ||
| Q4 24 | 11.0% | 13.2% | ||
| Q3 24 | 6.8% | -0.4% | ||
| Q2 24 | 6.4% | -1.0% |
净利率HBBRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 8.7% | — | ||
| Q3 25 | 1.2% | -5.6% | ||
| Q2 25 | 3.5% | -5.0% | ||
| Q1 25 | 1.4% | -14.5% | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | 1.2% | -6.4% | ||
| Q2 24 | 3.8% | -8.7% |
每股收益（稀释后）HBBRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $1.37 | $0.50 | ||
| Q3 25 | $0.12 | $-0.07 | ||
| Q2 25 | $0.33 | $-0.06 | ||
| Q1 25 | $0.13 | $-0.15 | ||
| Q4 24 | $1.72 | $0.05 | ||
| Q3 24 | $0.14 | $-0.08 | ||
| Q2 24 | $0.42 | $-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 | $47.3M | $67.6M |
| 总债务越低越好 | $50.0M | — |
| 股东权益账面价值 | $182.8M | $419.1M |
| 总资产 | $397.6M | — |
| 负债/权益比越低杠杆越低 | 0.27× | — |
8季度趋势，按日历期对齐
现金及短期投资HBBRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $47.3M | $96.4M | ||
| Q3 25 | $17.2M | $74.8M | ||
| Q2 25 | $11.3M | $60.5M | ||
| Q1 25 | $48.3M | $71.2M | ||
| Q4 24 | $45.6M | $87.8M | ||
| Q3 24 | $22.6M | $37.2M | ||
| Q2 24 | $37.2M | $64.6M |
总债务HBBRBBN
| Q1 26 | — | — | ||
| Q4 25 | $50.0M | $342.1M | ||
| Q3 25 | — | $344.3M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $347.4M | ||
| Q4 24 | $50.0M | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
股东权益HBBRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $182.8M | $449.0M | ||
| Q3 25 | $164.0M | $360.1M | ||
| Q2 25 | $164.0M | $370.4M | ||
| Q1 25 | $163.2M | $381.8M | ||
| Q4 24 | $165.9M | $404.6M | ||
| Q3 24 | $150.0M | $395.5M | ||
| Q2 24 | $145.7M | $405.0M |
总资产HBBRBBN
| Q1 26 | — | — | ||
| Q4 25 | $397.6M | $1.2B | ||
| Q3 25 | $392.4M | $1.1B | ||
| Q2 25 | $363.8M | $1.1B | ||
| Q1 25 | $418.0M | $1.1B | ||
| Q4 24 | $415.1M | $1.2B | ||
| Q3 24 | $408.7M | $1.1B | ||
| Q2 24 | $369.9M | $1.1B |
负债/权益比HBBRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.27× | 0.76× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | 0.30× | 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 | $28.5M | — |
| 自由现金流经营现金流 - 资本支出 | $27.9M | — |
| 自由现金流率自由现金流/营收 | 13.1% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | 1.53× | — |
| 过去12个月自由现金流最近4个季度 | $11.0M | — |
8季度趋势，按日历期对齐
经营现金流HBBRBBN
| Q1 26 | — | — | ||
| Q4 25 | $28.5M | $29.2M | ||
| Q3 25 | $9.1M | $26.5M | ||
| Q2 25 | $-30.4M | $-795.0K | ||
| Q1 25 | $6.6M | $-3.5M | ||
| Q4 24 | $30.2M | $61.8M | ||
| Q3 24 | $-1.9M | $-14.8M | ||
| Q2 24 | $17.4M | $-9.8M |
自由现金流HBBRBBN
| Q1 26 | — | — | ||
| Q4 25 | $27.9M | $27.3M | ||
| Q3 25 | $8.4M | $21.0M | ||
| Q2 25 | $-31.3M | $-6.5M | ||
| Q1 25 | $6.1M | $-15.7M | ||
| Q4 24 | $29.4M | $53.8M | ||
| Q3 24 | $-2.7M | $-23.7M | ||
| Q2 24 | $16.8M | $-12.9M |
自由现金流率HBBRBBN
| Q1 26 | — | — | ||
| Q4 25 | 13.1% | 12.0% | ||
| Q3 25 | 6.3% | 9.7% | ||
| Q2 25 | -24.5% | -2.9% | ||
| Q1 25 | 4.6% | -8.7% | ||
| Q4 24 | 13.8% | 21.4% | ||
| Q3 24 | -1.7% | -11.3% | ||
| Q2 24 | 10.7% | -6.7% |
资本支出强度HBBRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 0.9% | ||
| Q3 25 | 0.6% | 2.6% | ||
| Q2 25 | 0.7% | 2.6% | ||
| Q1 25 | 0.4% | 6.7% | ||
| Q4 24 | 0.4% | 3.2% | ||
| Q3 24 | 0.5% | 4.2% | ||
| Q2 24 | 0.4% | 1.6% |
现金转化率HBBRBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.53× | — | ||
| Q3 25 | 5.52× | — | ||
| Q2 25 | -6.83× | — | ||
| Q1 25 | 3.67× | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | -0.98× | — | ||
| Q2 24 | 2.90× | — |
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
HBB
| Consumer Product | $191.6M | 90% |
| Commercial Product | $17.5M | 8% |
| Health Beacon | $2.3M | 1% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
