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骏利亨德森（JBI）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
骏利亨德森的季度营收约是Ribbon Communications Inc.的1.3倍（$219.3M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 6.9%，领先47.8%），骏利亨德森同比增速更快（-4.7% vs -10.3%），过去两年Ribbon Communications Inc.的营收复合增速更高（-8.1% vs -8.8%）
骏利亨德森是一家英美合资的全球资产管理集团，总部位于英国伦敦市。旗下以骏利亨德森投资者为品牌，面向全球个人投资者、中介顾问及机构投资者提供丰富多样的金融产品。
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。
JBI vs RBBN — 直观对比
营收规模更大
JBI
是对方的1.3倍
$162.6M
营收增速更快
JBI
高出5.6%
-10.3%
净利率更高
RBBN
高出47.8%
6.9%
两年增速更快
RBBN
近两年复合增速
-8.8%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $219.3M | $162.6M |
| 净利润 | $15.2M | $89.1M |
| 毛利率 | 39.1% | 42.9% |
| 营业利润率 | 13.4% | 37.6% |
| 净利率 | 6.9% | 54.8% |
| 营收同比 | -4.7% | -10.3% |
| 净利润同比 | 28.8% | — |
| 每股收益（稀释后） | $0.11 | $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JBIRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | — | $227.3M | ||
| Q3 25 | $219.3M | $215.4M | ||
| Q2 25 | $228.1M | $220.6M | ||
| Q1 25 | $210.5M | $181.3M | ||
| Q4 24 | $230.8M | $251.4M | ||
| Q3 24 | $230.1M | $210.2M | ||
| Q2 24 | $248.4M | $192.6M |
净利润JBIRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | $15.2M | $-12.1M | ||
| Q2 25 | $20.7M | $-11.1M | ||
| Q1 25 | $10.8M | $-26.2M | ||
| Q4 24 | $300.0K | — | ||
| Q3 24 | $11.8M | $-13.4M | ||
| Q2 24 | $27.6M | $-16.8M |
毛利率JBIRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | — | 53.3% | ||
| Q3 25 | 39.1% | 50.1% | ||
| Q2 25 | 40.9% | 49.6% | ||
| Q1 25 | 38.9% | 45.4% | ||
| Q4 24 | 37.8% | 55.7% | ||
| Q3 24 | 39.6% | 52.1% | ||
| Q2 24 | 43.9% | 50.8% |
营业利润率JBIRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | 13.4% | 1.3% | ||
| Q2 25 | 15.8% | 1.9% | ||
| Q1 25 | 12.0% | -10.8% | ||
| Q4 24 | 5.5% | 13.2% | ||
| Q3 24 | 11.6% | -0.4% | ||
| Q2 24 | 20.8% | -1.0% |
净利率JBIRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | 6.9% | -5.6% | ||
| Q2 25 | 9.1% | -5.0% | ||
| Q1 25 | 5.1% | -14.5% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 5.1% | -6.4% | ||
| Q2 24 | 11.1% | -8.7% |
每股收益（稀释后）JBIRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | — | $0.50 | ||
| Q3 25 | $0.11 | $-0.07 | ||
| Q2 25 | $0.15 | $-0.06 | ||
| Q1 25 | $0.08 | $-0.15 | ||
| Q4 24 | $0.01 | $0.05 | ||
| Q3 24 | $0.08 | $-0.08 | ||
| Q2 24 | $0.19 | $-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 | — | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $560.8M | $419.1M |
| 总资产 | $1.3B | — |
| 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JBIRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | — | $96.4M | ||
| Q3 25 | — | $74.8M | ||
| Q2 25 | — | $60.5M | ||
| Q1 25 | — | $71.2M | ||
| Q4 24 | — | $87.8M | ||
| Q3 24 | $102.1M | $37.2M | ||
| Q2 24 | $110.1M | $64.6M |
总债务JBIRBBN
| 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JBIRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | — | $449.0M | ||
| Q3 25 | $560.8M | $360.1M | ||
| Q2 25 | $543.8M | $370.4M | ||
| Q1 25 | $526.8M | $381.8M | ||
| Q4 24 | $518.8M | $404.6M | ||
| Q3 24 | $526.6M | $395.5M | ||
| Q2 24 | $556.3M | $405.0M |
总资产JBIRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $1.1B |
负债/权益比JBIRBBN
| 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 | $15.0M | — |
| 自由现金流经营现金流 - 资本支出 | $8.3M | — |
| 自由现金流率自由现金流/营收 | 3.8% | — |
| 资本支出强度资本支出/营收 | 3.1% | — |
| 现金转化率经营现金流/净利润 | 0.99× | — |
| 过去12个月自由现金流最近4个季度 | $140.1M | — |
8季度趋势，按日历期对齐
经营现金流JBIRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $29.2M | ||
| Q3 25 | $15.0M | $26.5M | ||
| Q2 25 | $51.4M | $-795.0K | ||
| Q1 25 | $48.3M | $-3.5M | ||
| Q4 24 | $51.4M | $61.8M | ||
| Q3 24 | $43.0M | $-14.8M | ||
| Q2 24 | $31.0M | $-9.8M |
自由现金流JBIRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $27.3M | ||
| Q3 25 | $8.3M | $21.0M | ||
| Q2 25 | $44.6M | $-6.5M | ||
| Q1 25 | $41.9M | $-15.7M | ||
| Q4 24 | $45.3M | $53.8M | ||
| Q3 24 | $39.3M | $-23.7M | ||
| Q2 24 | $25.3M | $-12.9M |
自由现金流率JBIRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | 3.8% | 9.7% | ||
| Q2 25 | 19.6% | -2.9% | ||
| Q1 25 | 19.9% | -8.7% | ||
| Q4 24 | 19.6% | 21.4% | ||
| Q3 24 | 17.1% | -11.3% | ||
| Q2 24 | 10.2% | -6.7% |
资本支出强度JBIRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | 3.1% | 2.6% | ||
| Q2 25 | 3.0% | 2.6% | ||
| Q1 25 | 3.0% | 6.7% | ||
| Q4 24 | 2.6% | 3.2% | ||
| Q3 24 | 1.6% | 4.2% | ||
| Q2 24 | 2.3% | 1.6% |
现金转化率JBIRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 2.48× | — | ||
| Q1 25 | 4.47× | — | ||
| Q4 24 | 171.33× | — | ||
| Q3 24 | 3.64× | — | ||
| Q2 24 | 1.12× | — |
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
JBI
| Self Storage New Construction | $72.3M | 33% |
| Commercial And Others | $65.5M | 30% |
| Self Storage R3 | $54.0M | 25% |
| Transferred At Point In Time | $15.5M | 7% |
| Transferred Over Time | $12.8M | 6% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
