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Inspire Medical Systems, Inc.（INSP）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
Inspire Medical Systems, Inc.的季度营收约是Ribbon Communications Inc.的1.7倍（$269.1M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 50.6%，领先4.2%），Inspire Medical Systems, Inc.同比增速更快（12.2% vs -10.3%），过去两年Inspire Medical Systems, Inc.的营收复合增速更高（28.1% vs -8.1%）
Inspire Medical Systems是一家专注于阻塞性睡眠呼吸暂停治疗的医疗科技企业，研发、生产并销售植入式神经刺激设备，面向无法耐受持续气道正压通气治疗的患者，核心市场覆盖北美、欧洲及部分亚太地区，服务睡眠医学、耳鼻喉科等临床领域。
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。
INSP vs RBBN — 直观对比
营收规模更大
INSP
是对方的1.7倍
$162.6M
营收增速更快
INSP
高出22.5%
-10.3%
净利率更高
RBBN
高出4.2%
50.6%
两年增速更快
INSP
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $269.1M | $162.6M |
| 净利润 | $136.1M | $89.1M |
| 毛利率 | 86.6% | 42.9% |
| 营业利润率 | 17.1% | 37.6% |
| 净利率 | 50.6% | 54.8% |
| 营收同比 | 12.2% | -10.3% |
| 净利润同比 | 286.4% | — |
| 每股收益（稀释后） | $4.57 | $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INSPRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $269.1M | $227.3M | ||
| Q3 25 | $224.5M | $215.4M | ||
| Q2 25 | $217.1M | $220.6M | ||
| Q1 25 | $201.3M | $181.3M | ||
| Q4 24 | $239.7M | $251.4M | ||
| Q3 24 | $203.2M | $210.2M | ||
| Q2 24 | $195.9M | $192.6M |
净利润INSPRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $136.1M | — | ||
| Q3 25 | $9.9M | $-12.1M | ||
| Q2 25 | $-3.6M | $-11.1M | ||
| Q1 25 | $3.0M | $-26.2M | ||
| Q4 24 | $35.2M | — | ||
| Q3 24 | $18.5M | $-13.4M | ||
| Q2 24 | $9.8M | $-16.8M |
毛利率INSPRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 86.6% | 53.3% | ||
| Q3 25 | 85.8% | 50.1% | ||
| Q2 25 | 84.0% | 49.6% | ||
| Q1 25 | 84.7% | 45.4% | ||
| Q4 24 | 85.0% | 55.7% | ||
| Q3 24 | 84.1% | 52.1% | ||
| Q2 24 | 84.8% | 50.8% |
营业利润率INSPRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 17.1% | 4.1% | ||
| Q3 25 | 4.3% | 1.3% | ||
| Q2 25 | -1.5% | 1.9% | ||
| Q1 25 | -0.7% | -10.8% | ||
| Q4 24 | 13.3% | 13.2% | ||
| Q3 24 | 7.0% | -0.4% | ||
| Q2 24 | 2.6% | -1.0% |
净利率INSPRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 50.6% | — | ||
| Q3 25 | 4.4% | -5.6% | ||
| Q2 25 | -1.7% | -5.0% | ||
| Q1 25 | 1.5% | -14.5% | ||
| Q4 24 | 14.7% | — | ||
| Q3 24 | 9.1% | -6.4% | ||
| Q2 24 | 5.0% | -8.7% |
每股收益（稀释后）INSPRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $4.57 | $0.50 | ||
| Q3 25 | $0.34 | $-0.07 | ||
| Q2 25 | $-0.12 | $-0.06 | ||
| Q1 25 | $0.10 | $-0.15 | ||
| Q4 24 | $1.17 | $0.05 | ||
| Q3 24 | $0.60 | $-0.08 | ||
| Q2 24 | $0.32 | $-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 | $308.3M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $781.2M | $419.1M |
| 总资产 | $907.3M | — |
| 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INSPRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $308.3M | $96.4M | ||
| Q3 25 | $322.6M | $74.8M | ||
| Q2 25 | $300.9M | $60.5M | ||
| Q1 25 | $369.2M | $71.2M | ||
| Q4 24 | $445.5M | $87.8M | ||
| Q3 24 | $411.0M | $37.2M | ||
| Q2 24 | $439.7M | $64.6M |
总债务INSPRBBN
| 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INSPRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $781.2M | $449.0M | ||
| Q3 25 | $666.5M | $360.1M | ||
| Q2 25 | $677.8M | $370.4M | ||
| Q1 25 | $635.7M | $381.8M | ||
| Q4 24 | $689.7M | $404.6M | ||
| Q3 24 | $696.6M | $395.5M | ||
| Q2 24 | $638.1M | $405.0M |
总资产INSPRBBN
| Q1 26 | — | — | ||
| Q4 25 | $907.3M | $1.2B | ||
| Q3 25 | $807.7M | $1.1B | ||
| Q2 25 | $802.2M | $1.1B | ||
| Q1 25 | $730.8M | $1.1B | ||
| Q4 24 | $808.4M | $1.2B | ||
| Q3 24 | $796.2M | $1.1B | ||
| Q2 24 | $728.4M | $1.1B |
负债/权益比INSPRBBN
| 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 | $52.5M | — |
| 自由现金流经营现金流 - 资本支出 | $41.8M | — |
| 自由现金流率自由现金流/营收 | 15.5% | — |
| 资本支出强度资本支出/营收 | 4.0% | — |
| 现金转化率经营现金流/净利润 | 0.39× | — |
| 过去12个月自由现金流最近4个季度 | $78.5M | — |
8季度趋势，按日历期对齐
经营现金流INSPRBBN
| Q1 26 | — | — | ||
| Q4 25 | $52.5M | $29.2M | ||
| Q3 25 | $68.5M | $26.5M | ||
| Q2 25 | $2.7M | $-795.0K | ||
| Q1 25 | $-6.7M | $-3.5M | ||
| Q4 24 | $69.2M | $61.8M | ||
| Q3 24 | $52.3M | $-14.8M | ||
| Q2 24 | $-78.0K | $-9.8M |
自由现金流INSPRBBN
| Q1 26 | — | — | ||
| Q4 25 | $41.8M | $27.3M | ||
| Q3 25 | $58.1M | $21.0M | ||
| Q2 25 | $-6.3M | $-6.5M | ||
| Q1 25 | $-15.1M | $-15.7M | ||
| Q4 24 | $62.2M | $53.8M | ||
| Q3 24 | $44.3M | $-23.7M | ||
| Q2 24 | $-12.5M | $-12.9M |
自由现金流率INSPRBBN
| Q1 26 | — | — | ||
| Q4 25 | 15.5% | 12.0% | ||
| Q3 25 | 25.9% | 9.7% | ||
| Q2 25 | -2.9% | -2.9% | ||
| Q1 25 | -7.5% | -8.7% | ||
| Q4 24 | 25.9% | 21.4% | ||
| Q3 24 | 21.8% | -11.3% | ||
| Q2 24 | -6.4% | -6.7% |
资本支出强度INSPRBBN
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 0.9% | ||
| Q3 25 | 4.6% | 2.6% | ||
| Q2 25 | 4.1% | 2.6% | ||
| Q1 25 | 4.2% | 6.7% | ||
| Q4 24 | 2.9% | 3.2% | ||
| Q3 24 | 3.9% | 4.2% | ||
| Q2 24 | 6.3% | 1.6% |
现金转化率INSPRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.39× | — | ||
| Q3 25 | 6.90× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -2.24× | — | ||
| Q4 24 | 1.96× | — | ||
| Q3 24 | 2.83× | — | ||
| Q2 24 | -0.01× | — |
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
INSP
暂无分部数据
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
