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KADANT INC（KAI）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
KADANT INC的季度营收约是Ribbon Communications Inc.的1.7倍（$271.6M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 10.2%，领先44.6%），KADANT INC同比增速更快（-0.0% vs -10.3%），过去两年KADANT INC的营收复合增速更高（6.7% vs -8.1%）
Kadant Inc.创立于1991年，最初是Thermo Electron的子公司，部分股权私有、部分公开交易，2001年完成完全分拆并启用现名。公司服务于造纸、废纸回收、木材加工、物料搬运等多个加工领域，是业务覆盖亚洲、欧洲、北美、南美的跨国企业。
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。
KAI vs RBBN — 直观对比
营收规模更大
KAI
是对方的1.7倍
$162.6M
营收增速更快
KAI
高出10.3%
-10.3%
净利率更高
RBBN
高出44.6%
10.2%
两年增速更快
KAI
近两年复合增速
-8.1%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $162.6M |
| 净利润 | $27.7M | $89.1M |
| 毛利率 | 45.2% | 42.9% |
| 营业利润率 | 15.7% | 37.6% |
| 净利率 | 10.2% | 54.8% |
| 营收同比 | -0.0% | -10.3% |
| 净利润同比 | -12.2% | — |
| 每股收益（稀释后） | $2.35 | $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KAIRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | — | $227.3M | ||
| Q3 25 | $271.6M | $215.4M | ||
| Q2 25 | $255.3M | $220.6M | ||
| Q1 25 | $239.2M | $181.3M | ||
| Q4 24 | $258.0M | $251.4M | ||
| Q3 24 | $271.6M | $210.2M | ||
| Q2 24 | $274.8M | $192.6M |
净利润KAIRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | $27.7M | $-12.1M | ||
| Q2 25 | $26.2M | $-11.1M | ||
| Q1 25 | $24.1M | $-26.2M | ||
| Q4 24 | $24.0M | — | ||
| Q3 24 | $31.6M | $-13.4M | ||
| Q2 24 | $31.3M | $-16.8M |
毛利率KAIRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | — | 53.3% | ||
| Q3 25 | 45.2% | 50.1% | ||
| Q2 25 | 45.9% | 49.6% | ||
| Q1 25 | 46.1% | 45.4% | ||
| Q4 24 | 43.4% | 55.7% | ||
| Q3 24 | 44.7% | 52.1% | ||
| Q2 24 | 44.4% | 50.8% |
营业利润率KAIRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | 15.7% | 1.3% | ||
| Q2 25 | 15.4% | 1.9% | ||
| Q1 25 | 14.9% | -10.8% | ||
| Q4 24 | 14.3% | 13.2% | ||
| Q3 24 | 18.0% | -0.4% | ||
| Q2 24 | 17.6% | -1.0% |
净利率KAIRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | 10.2% | -5.6% | ||
| Q2 25 | 10.2% | -5.0% | ||
| Q1 25 | 10.1% | -14.5% | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 11.6% | -6.4% | ||
| Q2 24 | 11.4% | -8.7% |
每股收益（稀释后）KAIRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | — | $0.50 | ||
| Q3 25 | $2.35 | $-0.07 | ||
| Q2 25 | $2.22 | $-0.06 | ||
| Q1 25 | $2.04 | $-0.15 | ||
| Q4 24 | $2.04 | $0.05 | ||
| Q3 24 | $2.68 | $-0.08 | ||
| Q2 24 | $2.66 | $-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 | $124.5M | $67.6M |
| 总债务越低越好 | $254.6M | — |
| 股东权益账面价值 | $949.8M | $419.1M |
| 总资产 | $1.5B | — |
| 负债/权益比越低杠杆越低 | 0.27× | — |
8季度趋势，按日历期对齐
现金及短期投资KAIRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | — | $96.4M | ||
| Q3 25 | $124.5M | $74.8M | ||
| Q2 25 | $95.3M | $60.5M | ||
| Q1 25 | $91.7M | $71.2M | ||
| Q4 24 | $94.7M | $87.8M | ||
| Q3 24 | $88.4M | $37.2M | ||
| Q2 24 | $73.8M | $64.6M |
总债务KAIRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $342.1M | ||
| Q3 25 | $254.6M | $344.3M | ||
| Q2 25 | $245.7M | $346.5M | ||
| Q1 25 | $273.5M | $347.4M | ||
| Q4 24 | $285.2M | $348.3M | ||
| Q3 24 | $323.2M | $349.1M | ||
| Q2 24 | $342.0M | $350.0M |
股东权益KAIRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | — | $449.0M | ||
| Q3 25 | $949.8M | $360.1M | ||
| Q2 25 | $926.0M | $370.4M | ||
| Q1 25 | $876.0M | $381.8M | ||
| Q4 24 | $847.1M | $404.6M | ||
| Q3 24 | $851.7M | $395.5M | ||
| Q2 24 | $807.7M | $405.0M |
总资产KAIRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.5B | $1.1B |
负债/权益比KAIRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | 0.27× | 0.96× | ||
| Q2 25 | 0.27× | 0.94× | ||
| Q1 25 | 0.31× | 0.91× | ||
| Q4 24 | 0.34× | 0.86× | ||
| Q3 24 | 0.38× | 0.88× | ||
| Q2 24 | 0.42× | 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 | $47.3M | — |
| 自由现金流经营现金流 - 资本支出 | $44.1M | — |
| 自由现金流率自由现金流/营收 | 16.2% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 现金转化率经营现金流/净利润 | 1.70× | — |
| 过去12个月自由现金流最近4个季度 | $145.9M | — |
8季度趋势，按日历期对齐
经营现金流KAIRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $29.2M | ||
| Q3 25 | $47.3M | $26.5M | ||
| Q2 25 | $40.5M | $-795.0K | ||
| Q1 25 | $22.8M | $-3.5M | ||
| Q4 24 | $51.9M | $61.8M | ||
| Q3 24 | $52.5M | $-14.8M | ||
| Q2 24 | $28.1M | $-9.8M |
自由现金流KAIRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $27.3M | ||
| Q3 25 | $44.1M | $21.0M | ||
| Q2 25 | $36.5M | $-6.5M | ||
| Q1 25 | $19.0M | $-15.7M | ||
| Q4 24 | $46.3M | $53.8M | ||
| Q3 24 | $48.3M | $-23.7M | ||
| Q2 24 | $23.1M | $-12.9M |
自由现金流率KAIRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | 16.2% | 9.7% | ||
| Q2 25 | 14.3% | -2.9% | ||
| Q1 25 | 7.9% | -8.7% | ||
| Q4 24 | 17.9% | 21.4% | ||
| Q3 24 | 17.8% | -11.3% | ||
| Q2 24 | 8.4% | -6.7% |
资本支出强度KAIRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | 1.2% | 2.6% | ||
| Q2 25 | 1.6% | 2.6% | ||
| Q1 25 | 1.6% | 6.7% | ||
| Q4 24 | 2.2% | 3.2% | ||
| Q3 24 | 1.5% | 4.2% | ||
| Q2 24 | 1.8% | 1.6% |
现金转化率KAIRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.55× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 2.16× | — | ||
| Q3 24 | 1.66× | — | ||
| Q2 24 | 0.90× | — |
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
KAI
| Flow Control | $94.8M | 35% |
| Capital | $83.2M | 31% |
| Material Handling Systems | $70.3M | 26% |
| Transferred Over Time | $17.1M | 6% |
| Other | $6.1M | 2% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
