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HIGHWOODS PROPERTIES, INC.（HIW）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
HIGHWOODS PROPERTIES, INC.的季度营收约是Ribbon Communications Inc.的1.3倍（$203.4M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 14.6%，领先40.2%），HIGHWOODS PROPERTIES, INC.同比增速更快（-1.1% vs -10.3%），过去两年HIGHWOODS PROPERTIES, INC.的营收复合增速更高（-1.9% vs -8.1%）
Highwoods Properties是一家公开上市的房地产投资信托公司，主要在美国东南部和大西洋中部地区的高速增长大都会区持有、开发、收购和管理优质办公物业，服务的企业租户覆盖科技、医疗、金融、专业服务等多元行业领域。
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。
HIW vs RBBN — 直观对比
营收规模更大
HIW
是对方的1.3倍
$162.6M
营收增速更快
HIW
高出9.2%
-10.3%
净利率更高
RBBN
高出40.2%
14.6%
两年增速更快
HIW
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $203.4M | $162.6M |
| 净利润 | $29.7M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | 67.2% | 37.6% |
| 净利率 | 14.6% | 54.8% |
| 营收同比 | -1.1% | -10.3% |
| 净利润同比 | 1029.4% | — |
| 每股收益（稀释后） | $0.25 | $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HIWRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $203.4M | $227.3M | ||
| Q3 25 | $201.8M | $215.4M | ||
| Q2 25 | $200.6M | $220.6M | ||
| Q1 25 | $200.4M | $181.3M | ||
| Q4 24 | $205.5M | $251.4M | ||
| Q3 24 | $204.3M | $210.2M | ||
| Q2 24 | $204.7M | $192.6M |
净利润HIWRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $29.7M | — | ||
| Q3 25 | $13.7M | $-12.1M | ||
| Q2 25 | $19.2M | $-11.1M | ||
| Q1 25 | $100.0M | $-26.2M | ||
| Q4 24 | $-3.2M | — | ||
| Q3 24 | $15.5M | $-13.4M | ||
| Q2 24 | $64.8M | $-16.8M |
毛利率HIWRBBN
| 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HIWRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 67.2% | 4.1% | ||
| Q3 25 | 67.3% | 1.3% | ||
| Q2 25 | 68.3% | 1.9% | ||
| Q1 25 | 67.5% | -10.8% | ||
| Q4 24 | 65.2% | 13.2% | ||
| Q3 24 | 67.8% | -0.4% | ||
| Q2 24 | 68.5% | -1.0% |
净利率HIWRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 14.6% | — | ||
| Q3 25 | 6.8% | -5.6% | ||
| Q2 25 | 9.6% | -5.0% | ||
| Q1 25 | 49.9% | -14.5% | ||
| Q4 24 | -1.6% | — | ||
| Q3 24 | 7.6% | -6.4% | ||
| Q2 24 | 31.6% | -8.7% |
每股收益（稀释后）HIWRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.25 | $0.50 | ||
| Q3 25 | $0.12 | $-0.07 | ||
| Q2 25 | $0.17 | $-0.06 | ||
| Q1 25 | $0.91 | $-0.15 | ||
| Q4 24 | $-0.04 | $0.05 | ||
| Q3 24 | $0.14 | $-0.08 | ||
| Q2 24 | $0.59 | $-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 | $27.4M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | $419.1M |
| 总资产 | $6.3B | — |
| 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HIWRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $27.4M | $96.4M | ||
| Q3 25 | $26.3M | $74.8M | ||
| Q2 25 | $21.2M | $60.5M | ||
| Q1 25 | $20.1M | $71.2M | ||
| Q4 24 | $22.4M | $87.8M | ||
| Q3 24 | $23.6M | $37.2M | ||
| Q2 24 | $27.0M | $64.6M |
总债务HIWRBBN
| 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HIWRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $2.4B | $449.0M | ||
| Q3 25 | $2.4B | $360.1M | ||
| Q2 25 | $2.4B | $370.4M | ||
| Q1 25 | $2.4B | $381.8M | ||
| Q4 24 | $2.4B | $404.6M | ||
| Q3 24 | $2.4B | $395.5M | ||
| Q2 24 | $2.4B | $405.0M |
总资产HIWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $6.3B | $1.2B | ||
| Q3 25 | $6.1B | $1.1B | ||
| Q2 25 | $6.1B | $1.1B | ||
| Q1 25 | $6.1B | $1.1B | ||
| Q4 24 | $6.0B | $1.2B | ||
| Q3 24 | $6.0B | $1.1B | ||
| Q2 24 | $6.0B | $1.1B |
负债/权益比HIWRBBN
| 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 | $359.2M | — |
| 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 | 12.09× | — |
| 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HIWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $359.2M | $29.2M | ||
| Q3 25 | $96.7M | $26.5M | ||
| Q2 25 | $116.5M | $-795.0K | ||
| Q1 25 | $46.3M | $-3.5M | ||
| Q4 24 | $403.6M | $61.8M | ||
| Q3 24 | $97.5M | $-14.8M | ||
| Q2 24 | $130.0M | $-9.8M |
自由现金流HIWRBBN
| 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HIWRBBN
| 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HIWRBBN
| 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HIWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 12.09× | — | ||
| Q3 25 | 7.05× | — | ||
| Q2 25 | 6.06× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.30× | — | ||
| Q2 24 | 2.01× | — |
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
HIW
| Raleigh NC | $45.6M | 22% |
| Nashville TN | $38.7M | 19% |
| Atlanta GA | $36.1M | 18% |
| Charlotte NC | $26.1M | 13% |
| Tampa FL | $22.2M | 11% |
| Orlando FL | $14.4M | 7% |
| Other | $11.4M | 6% |
| Richmond VA | $8.8M | 4% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
