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HEALTHEQUITY, INC.（HQY）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
HEALTHEQUITY, INC.的季度营收约是Ribbon Communications Inc.的2.0倍（$322.2M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 16.0%，领先38.7%），HEALTHEQUITY, INC.同比增速更快（7.2% vs -10.3%），过去两年HEALTHEQUITY, INC.的营收复合增速更高（10.8% vs -8.1%）
HealthEquity, Inc.是美国一家金融科技及商业服务企业，拥有美国国税局授予的非银行类健康储蓄受托人资质，无论用户资金存入哪家金融机构，该公司均可作为对应健康储蓄账户的托管方，提供专业账户管理服务。
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。
HQY vs RBBN — 直观对比
营收规模更大
HQY
是对方的2.0倍
$162.6M
营收增速更快
HQY
高出17.5%
-10.3%
净利率更高
RBBN
高出38.7%
16.0%
两年增速更快
HQY
近两年复合增速
-8.1%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $322.2M | $162.6M |
| 净利润 | $51.7M | $89.1M |
| 毛利率 | 70.8% | 42.9% |
| 营业利润率 | 24.4% | 37.6% |
| 净利率 | 16.0% | 54.8% |
| 营收同比 | 7.2% | -10.3% |
| 净利润同比 | 806.4% | — |
| 每股收益（稀释后） | $0.59 | $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HQYRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $322.2M | $227.3M | ||
| Q3 25 | $325.8M | $215.4M | ||
| Q2 25 | $330.8M | $220.6M | ||
| Q1 25 | $311.8M | $181.3M | ||
| Q4 24 | $300.4M | $251.4M | ||
| Q3 24 | $299.9M | $210.2M | ||
| Q2 24 | $287.6M | $192.6M |
净利润HQYRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $51.7M | — | ||
| Q3 25 | $59.9M | $-12.1M | ||
| Q2 25 | $53.9M | $-11.1M | ||
| Q1 25 | $26.4M | $-26.2M | ||
| Q4 24 | $5.7M | — | ||
| Q3 24 | $35.8M | $-13.4M | ||
| Q2 24 | $28.8M | $-16.8M |
毛利率HQYRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 70.8% | 53.3% | ||
| Q3 25 | 71.4% | 50.1% | ||
| Q2 25 | 67.8% | 49.6% | ||
| Q1 25 | 60.6% | 45.4% | ||
| Q4 24 | 65.6% | 55.7% | ||
| Q3 24 | 68.0% | 52.1% | ||
| Q2 24 | 65.1% | 50.8% |
营业利润率HQYRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 24.4% | 4.1% | ||
| Q3 25 | 27.5% | 1.3% | ||
| Q2 25 | 25.1% | 1.9% | ||
| Q1 25 | 13.5% | -10.8% | ||
| Q4 24 | 6.5% | 13.2% | ||
| Q3 24 | 19.6% | -0.4% | ||
| Q2 24 | 14.5% | -1.0% |
净利率HQYRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 16.0% | — | ||
| Q3 25 | 18.4% | -5.6% | ||
| Q2 25 | 16.3% | -5.0% | ||
| Q1 25 | 8.5% | -14.5% | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 11.9% | -6.4% | ||
| Q2 24 | 10.0% | -8.7% |
每股收益（稀释后）HQYRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.59 | $0.50 | ||
| Q3 25 | $0.68 | $-0.07 | ||
| Q2 25 | $0.61 | $-0.06 | ||
| Q1 25 | $0.30 | $-0.15 | ||
| Q4 24 | $0.06 | $0.05 | ||
| Q3 24 | $0.40 | $-0.08 | ||
| Q2 24 | $0.33 | $-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 | $309.3M | $67.6M |
| 总债务越低越好 | $982.1M | — |
| 股东权益账面价值 | $2.1B | $419.1M |
| 总资产 | $3.4B | — |
| 负债/权益比越低杠杆越低 | 0.46× | — |
8季度趋势，按日历期对齐
现金及短期投资HQYRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $309.3M | $96.4M | ||
| Q3 25 | $304.5M | $74.8M | ||
| Q2 25 | $287.9M | $60.5M | ||
| Q1 25 | $295.9M | $71.2M | ||
| Q4 24 | $322.2M | $87.8M | ||
| Q3 24 | $326.9M | $37.2M | ||
| Q2 24 | $251.2M | $64.6M |
总债务HQYRBBN
| Q1 26 | — | — | ||
| Q4 25 | $982.1M | $342.1M | ||
| Q3 25 | $1.0B | $344.3M | ||
| Q2 25 | $1.1B | $346.5M | ||
| Q1 25 | $1.1B | $347.4M | ||
| Q4 24 | $1.1B | $348.3M | ||
| Q3 24 | $1.1B | $349.1M | ||
| Q2 24 | $925.7M | $350.0M |
股东权益HQYRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $2.1B | $449.0M | ||
| Q3 25 | $2.1B | $360.1M | ||
| Q2 25 | $2.1B | $370.4M | ||
| Q1 25 | $2.1B | $381.8M | ||
| Q4 24 | $2.1B | $404.6M | ||
| Q3 24 | $2.2B | $395.5M | ||
| Q2 24 | $2.1B | $405.0M |
总资产HQYRBBN
| Q1 26 | — | — | ||
| Q4 25 | $3.4B | $1.2B | ||
| Q3 25 | $3.4B | $1.1B | ||
| Q2 25 | $3.4B | $1.1B | ||
| Q1 25 | $3.4B | $1.1B | ||
| Q4 24 | $3.5B | $1.2B | ||
| Q3 24 | $3.5B | $1.1B | ||
| Q2 24 | $3.2B | $1.1B |
负债/权益比HQYRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.46× | 0.76× | ||
| Q3 25 | 0.47× | 0.96× | ||
| Q2 25 | 0.50× | 0.94× | ||
| Q1 25 | 0.50× | 0.91× | ||
| Q4 24 | 0.51× | 0.86× | ||
| Q3 24 | 0.51× | 0.88× | ||
| Q2 24 | 0.44× | 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 | $138.6M | — |
| 自由现金流经营现金流 - 资本支出 | $137.8M | — |
| 自由现金流率自由现金流/营收 | 42.8% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | 2.68× | — |
| 过去12个月自由现金流最近4个季度 | $413.0M | — |
8季度趋势，按日历期对齐
经营现金流HQYRBBN
| Q1 26 | — | — | ||
| Q4 25 | $138.6M | $29.2M | ||
| Q3 25 | $135.9M | $26.5M | ||
| Q2 25 | $64.7M | $-795.0K | ||
| Q1 25 | $75.7M | $-3.5M | ||
| Q4 24 | $90.5M | $61.8M | ||
| Q3 24 | $108.1M | $-14.8M | ||
| Q2 24 | $65.4M | $-9.8M |
自由现金流HQYRBBN
| Q1 26 | — | — | ||
| Q4 25 | $137.8M | $27.3M | ||
| Q3 25 | $135.1M | $21.0M | ||
| Q2 25 | $64.7M | $-6.5M | ||
| Q1 25 | $75.4M | $-15.7M | ||
| Q4 24 | $90.3M | $53.8M | ||
| Q3 24 | $107.4M | $-23.7M | ||
| Q2 24 | $64.7M | $-12.9M |
自由现金流率HQYRBBN
| Q1 26 | — | — | ||
| Q4 25 | 42.8% | 12.0% | ||
| Q3 25 | 41.5% | 9.7% | ||
| Q2 25 | 19.5% | -2.9% | ||
| Q1 25 | 24.2% | -8.7% | ||
| Q4 24 | 30.0% | 21.4% | ||
| Q3 24 | 35.8% | -11.3% | ||
| Q2 24 | 22.5% | -6.7% |
资本支出强度HQYRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 0.9% | ||
| Q3 25 | 0.2% | 2.6% | ||
| Q2 25 | 0.0% | 2.6% | ||
| Q1 25 | 0.1% | 6.7% | ||
| Q4 24 | 0.1% | 3.2% | ||
| Q3 24 | 0.2% | 4.2% | ||
| Q2 24 | 0.3% | 1.6% |
现金转化率HQYRBBN
| Q1 26 | — | — | ||
| Q4 25 | 2.68× | — | ||
| Q3 25 | 2.27× | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | 2.87× | — | ||
| Q4 24 | 15.88× | — | ||
| Q3 24 | 3.02× | — | ||
| Q2 24 | 2.27× | — |
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
HQY
| Financial Service Other | $159.1M | 49% |
| Services | $120.3M | 37% |
| Credit And Debit Card | $42.8M | 13% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
