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HCI Group, Inc.（HCI）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
HCI Group, Inc.的季度营收约是Ribbon Communications Inc.的1.5倍（$246.2M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 39.7%，领先15.1%），HCI Group, Inc.同比增速更快（52.1% vs -10.3%），过去两年HCI Group, Inc.的营收复合增速更高（9.2% vs -8.1%）
HCI集团是一家总部位于美国华盛顿特区的私募股权投资公司，在伊利诺伊州芝加哥设有分支机构，专注于股权投资相关业务，为合作企业提供资本支持与运营赋能，助力企业实现长期发展目标。
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。
HCI vs RBBN — 直观对比
营收规模更大
HCI
是对方的1.5倍
$162.6M
营收增速更快
HCI
高出62.4%
-10.3%
净利率更高
RBBN
高出15.1%
39.7%
两年增速更快
HCI
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $246.2M | $162.6M |
| 净利润 | $97.7M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | 58.5% | 37.6% |
| 净利率 | 39.7% | 54.8% |
| 营收同比 | 52.1% | -10.3% |
| 净利润同比 | 3679.2% | — |
| 每股收益（稀释后） | $7.29 | $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HCIRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $246.2M | $227.3M | ||
| Q3 25 | $216.3M | $215.4M | ||
| Q2 25 | $221.9M | $220.6M | ||
| Q1 25 | $216.4M | $181.3M | ||
| Q4 24 | $161.9M | $251.4M | ||
| Q3 24 | $175.3M | $210.2M | ||
| Q2 24 | $206.2M | $192.6M |
净利润HCIRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $97.7M | — | ||
| Q3 25 | $65.5M | $-12.1M | ||
| Q2 25 | $66.2M | $-11.1M | ||
| Q1 25 | $69.7M | $-26.2M | ||
| Q4 24 | $2.6M | — | ||
| Q3 24 | $5.7M | $-13.4M | ||
| Q2 24 | $54.1M | $-16.8M |
毛利率HCIRBBN
| 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HCIRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 58.5% | 4.1% | ||
| Q3 25 | 41.9% | 1.3% | ||
| Q2 25 | 42.5% | 1.9% | ||
| Q1 25 | 46.4% | -10.8% | ||
| Q4 24 | 3.6% | 13.2% | ||
| Q3 24 | 8.0% | -0.4% | ||
| Q2 24 | 36.9% | -1.0% |
净利率HCIRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 39.7% | — | ||
| Q3 25 | 30.3% | -5.6% | ||
| Q2 25 | 29.8% | -5.0% | ||
| Q1 25 | 32.2% | -14.5% | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 3.2% | -6.4% | ||
| Q2 24 | 26.2% | -8.7% |
每股收益（稀释后）HCIRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $7.29 | $0.50 | ||
| Q3 25 | $4.90 | $-0.07 | ||
| Q2 25 | $5.18 | $-0.06 | ||
| Q1 25 | $5.35 | $-0.15 | ||
| Q4 24 | $0.32 | $0.05 | ||
| Q3 24 | $0.52 | $-0.08 | ||
| Q2 24 | $4.24 | $-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 | $1.2B | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $419.1M |
| 总资产 | $2.5B | — |
| 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HCIRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $1.2B | $96.4M | ||
| Q3 25 | $987.9M | $74.8M | ||
| Q2 25 | $947.2M | $60.5M | ||
| Q1 25 | $754.5M | $71.2M | ||
| Q4 24 | $532.5M | $87.8M | ||
| Q3 24 | $518.8M | $37.2M | ||
| Q2 24 | $445.8M | $64.6M |
总债务HCIRBBN
| 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HCIRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $1.0B | $449.0M | ||
| Q3 25 | $821.8M | $360.1M | ||
| Q2 25 | $758.6M | $370.4M | ||
| Q1 25 | $522.7M | $381.8M | ||
| Q4 24 | $453.3M | $404.6M | ||
| Q3 24 | $455.3M | $395.5M | ||
| Q2 24 | $447.3M | $405.0M |
总资产HCIRBBN
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.2B | ||
| Q3 25 | $2.3B | $1.1B | ||
| Q2 25 | $2.4B | $1.1B | ||
| Q1 25 | $2.3B | $1.1B | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $2.0B | $1.1B | ||
| Q2 24 | $1.9B | $1.1B |
负债/权益比HCIRBBN
| 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 | $444.4M | — |
| 自由现金流经营现金流 - 资本支出 | $440.8M | — |
| 自由现金流率自由现金流/营收 | 179.0% | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | 4.55× | — |
| 过去12个月自由现金流最近4个季度 | $771.4M | — |
8季度趋势，按日历期对齐
经营现金流HCIRBBN
| Q1 26 | — | — | ||
| Q4 25 | $444.4M | $29.2M | ||
| Q3 25 | $26.7M | $26.5M | ||
| Q2 25 | $145.0M | $-795.0K | ||
| Q1 25 | $162.0M | $-3.5M | ||
| Q4 24 | $331.8M | $61.8M | ||
| Q3 24 | $104.1M | $-14.8M | ||
| Q2 24 | $-29.0M | $-9.8M |
自由现金流HCIRBBN
| Q1 26 | — | — | ||
| Q4 25 | $440.8M | $27.3M | ||
| Q3 25 | $25.9M | $21.0M | ||
| Q2 25 | $144.5M | $-6.5M | ||
| Q1 25 | $160.3M | $-15.7M | ||
| Q4 24 | $327.8M | $53.8M | ||
| Q3 24 | $103.2M | $-23.7M | ||
| Q2 24 | $-30.1M | $-12.9M |
自由现金流率HCIRBBN
| Q1 26 | — | — | ||
| Q4 25 | 179.0% | 12.0% | ||
| Q3 25 | 12.0% | 9.7% | ||
| Q2 25 | 65.1% | -2.9% | ||
| Q1 25 | 74.1% | -8.7% | ||
| Q4 24 | 202.5% | 21.4% | ||
| Q3 24 | 58.9% | -11.3% | ||
| Q2 24 | -14.6% | -6.7% |
资本支出强度HCIRBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 0.9% | ||
| Q3 25 | 0.4% | 2.6% | ||
| Q2 25 | 0.2% | 2.6% | ||
| Q1 25 | 0.8% | 6.7% | ||
| Q4 24 | 2.5% | 3.2% | ||
| Q3 24 | 0.5% | 4.2% | ||
| Q2 24 | 0.5% | 1.6% |
现金转化率HCIRBBN
| Q1 26 | — | — | ||
| Q4 25 | 4.55× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | 2.32× | — | ||
| Q4 24 | 128.41× | — | ||
| Q3 24 | 18.33× | — | ||
| Q2 24 | -0.54× | — |
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
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
