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KITE REALTY GROUP TRUST（KRG）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
KITE REALTY GROUP TRUST的季度营收约是Ribbon Communications Inc.的1.3倍（$204.2M vs $162.6M），KITE REALTY GROUP TRUST净利率更高（88.6% vs 54.8%，领先33.8%），KITE REALTY GROUP TRUST同比增速更快（-4.9% vs -10.3%），过去两年KITE REALTY GROUP TRUST的营收复合增速更高（-0.8% vs -8.1%）
Kite Realty Group Trust是一家总部位于美国的上市房地产投资信托，主要持有、运营及开发露天购物中心与混合用途物业，资产组合覆盖美国多个核心区域市场，租户包括全国连锁零售品牌、本地独立商户及餐饮娱乐运营商，服务当地社区消费需求。
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。
KRG vs RBBN — 直观对比
营收规模更大
KRG
是对方的1.3倍
$162.6M
营收增速更快
KRG
高出5.4%
-10.3%
净利率更高
KRG
高出33.8%
54.8%
两年增速更快
KRG
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $204.2M | $162.6M |
| 净利润 | $180.8M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | — | — |
| 净利率 | 88.6% | 54.8% |
| 营收同比 | -4.9% | -10.3% |
| 净利润同比 | 728.5% | — |
| 每股收益（稀释后） | $0.83 | $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KRGRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $204.2M | $227.3M | ||
| Q3 25 | $205.1M | $215.4M | ||
| Q2 25 | $213.4M | $220.6M | ||
| Q1 25 | $221.8M | $181.3M | ||
| Q4 24 | $214.7M | $251.4M | ||
| Q3 24 | $207.3M | $210.2M | ||
| Q2 24 | $212.4M | $192.6M |
净利润KRGRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $180.8M | — | ||
| Q3 25 | $-16.2M | $-12.1M | ||
| Q2 25 | $110.3M | $-11.1M | ||
| Q1 25 | $23.7M | $-26.2M | ||
| Q4 24 | $21.8M | — | ||
| Q3 24 | $16.7M | $-13.4M | ||
| Q2 24 | $-48.6M | $-16.8M |
毛利率KRGRBBN
| 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KRGRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | 24.2% | -10.8% | ||
| Q4 24 | 23.0% | 13.2% | ||
| Q3 24 | 21.7% | -0.4% | ||
| Q2 24 | -10.5% | -1.0% |
净利率KRGRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 88.6% | — | ||
| Q3 25 | -7.9% | -5.6% | ||
| Q2 25 | 51.7% | -5.0% | ||
| Q1 25 | 10.7% | -14.5% | ||
| Q4 24 | 10.2% | — | ||
| Q3 24 | 8.1% | -6.4% | ||
| Q2 24 | -22.9% | -8.7% |
每股收益（稀释后）KRGRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.83 | $0.50 | ||
| Q3 25 | $-0.07 | $-0.07 | ||
| Q2 25 | $0.50 | $-0.06 | ||
| Q1 25 | $0.11 | $-0.15 | ||
| Q4 24 | $0.10 | $0.05 | ||
| Q3 24 | $0.08 | $-0.08 | ||
| Q2 24 | $-0.22 | $-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 | $36.8M | $67.6M |
| 总债务越低越好 | $3.0B | — |
| 股东权益账面价值 | $3.1B | $419.1M |
| 总资产 | $6.7B | — |
| 负债/权益比越低杠杆越低 | 0.98× | — |
8季度趋势，按日历期对齐
现金及短期投资KRGRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $36.8M | $96.4M | ||
| Q3 25 | $68.7M | $74.8M | ||
| Q2 25 | $182.0M | $60.5M | ||
| Q1 25 | $49.1M | $71.2M | ||
| Q4 24 | $478.1M | $87.8M | ||
| Q3 24 | $467.5M | $37.2M | ||
| Q2 24 | $273.8M | $64.6M |
总债务KRGRBBN
| Q1 26 | — | — | ||
| Q4 25 | $3.0B | $342.1M | ||
| Q3 25 | $2.9B | $344.3M | ||
| Q2 25 | $3.0B | $346.5M | ||
| Q1 25 | $2.9B | $347.4M | ||
| Q4 24 | $3.2B | $348.3M | ||
| Q3 24 | $3.2B | $349.1M | ||
| Q2 24 | $3.0B | $350.0M |
股东权益KRGRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $3.1B | $449.0M | ||
| Q3 25 | $3.2B | $360.1M | ||
| Q2 25 | $3.3B | $370.4M | ||
| Q1 25 | $3.3B | $381.8M | ||
| Q4 24 | $3.3B | $404.6M | ||
| Q3 24 | $3.3B | $395.5M | ||
| Q2 24 | $3.4B | $405.0M |
总资产KRGRBBN
| Q1 26 | — | — | ||
| Q4 25 | $6.7B | $1.2B | ||
| Q3 25 | $6.6B | $1.1B | ||
| Q2 25 | $6.9B | $1.1B | ||
| Q1 25 | $6.7B | $1.1B | ||
| Q4 24 | $7.1B | $1.2B | ||
| Q3 24 | $7.1B | $1.1B | ||
| Q2 24 | $7.0B | $1.1B |
负债/权益比KRGRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.98× | 0.76× | ||
| Q3 25 | 0.93× | 0.96× | ||
| Q2 25 | 0.91× | 0.94× | ||
| Q1 25 | 0.89× | 0.91× | ||
| Q4 24 | 0.97× | 0.86× | ||
| Q3 24 | 0.97× | 0.88× | ||
| Q2 24 | 0.88× | 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 | $106.6M | — |
| 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 | 0.59× | — |
| 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KRGRBBN
| Q1 26 | — | — | ||
| Q4 25 | $106.6M | $29.2M | ||
| Q3 25 | $116.2M | $26.5M | ||
| Q2 25 | $132.8M | $-795.0K | ||
| Q1 25 | $74.1M | $-3.5M | ||
| Q4 24 | $111.0M | $61.8M | ||
| Q3 24 | $112.4M | $-14.8M | ||
| Q2 24 | $142.1M | $-9.8M |
自由现金流KRGRBBN
| 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KRGRBBN
| 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KRGRBBN
| 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KRGRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.59× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | 3.12× | — | ||
| Q4 24 | 5.09× | — | ||
| Q3 24 | 6.72× | — | ||
| Q2 24 | — | — |
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
KRG
| Minimum Rent | $156.3M | 77% |
| Tenant Reimbursements | $42.0M | 21% |
| Real Estate Other | $4.3M | 2% |
| Overage Rent | $2.0M | 1% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
