vs
Limbach Holdings, Inc.（LMB）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
Limbach Holdings, Inc.的季度营收约是Ribbon Communications Inc.的1.1倍（$186.9M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 6.6%，领先48.2%），Limbach Holdings, Inc.同比增速更快（30.1% vs -10.3%），过去两年Limbach Holdings, Inc.的营收复合增速更高（25.3% vs -8.1%）
林巴赫航空发动机是一家由中资控股、总部位于德国的企业，主营航空发动机的研发与制造业务，在航空动力装备领域拥有成熟的生产技术与行业经验。
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。
LMB vs RBBN — 直观对比
营收规模更大
LMB
是对方的1.1倍
$162.6M
营收增速更快
LMB
高出40.4%
-10.3%
净利率更高
RBBN
高出48.2%
6.6%
两年增速更快
LMB
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $186.9M | $162.6M |
| 净利润 | $12.3M | $89.1M |
| 毛利率 | 25.7% | 42.9% |
| 营业利润率 | 9.4% | 37.6% |
| 净利率 | 6.6% | 54.8% |
| 营收同比 | 30.1% | -10.3% |
| 净利润同比 | 25.0% | — |
| 每股收益（稀释后） | $1.01 | $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LMBRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $186.9M | $227.3M | ||
| Q3 25 | $184.6M | $215.4M | ||
| Q2 25 | $142.2M | $220.6M | ||
| Q1 25 | $133.1M | $181.3M | ||
| Q4 24 | $143.7M | $251.4M | ||
| Q3 24 | $133.9M | $210.2M | ||
| Q2 24 | $122.2M | $192.6M |
净利润LMBRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $12.3M | — | ||
| Q3 25 | $8.8M | $-12.1M | ||
| Q2 25 | $7.8M | $-11.1M | ||
| Q1 25 | $10.2M | $-26.2M | ||
| Q4 24 | $9.8M | — | ||
| Q3 24 | $7.5M | $-13.4M | ||
| Q2 24 | $6.0M | $-16.8M |
毛利率LMBRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 25.7% | 53.3% | ||
| Q3 25 | 24.2% | 50.1% | ||
| Q2 25 | 28.0% | 49.6% | ||
| Q1 25 | 27.6% | 45.4% | ||
| Q4 24 | 30.3% | 55.7% | ||
| Q3 24 | 27.0% | 52.1% | ||
| Q2 24 | 27.4% | 50.8% |
营业利润率LMBRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 9.4% | 4.1% | ||
| Q3 25 | 7.2% | 1.3% | ||
| Q2 25 | 7.5% | 1.9% | ||
| Q1 25 | 5.9% | -10.8% | ||
| Q4 24 | 9.1% | 13.2% | ||
| Q3 24 | 8.1% | -0.4% | ||
| Q2 24 | 6.7% | -1.0% |
净利率LMBRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 4.8% | -5.6% | ||
| Q2 25 | 5.5% | -5.0% | ||
| Q1 25 | 7.7% | -14.5% | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 5.6% | -6.4% | ||
| Q2 24 | 4.9% | -8.7% |
每股收益（稀释后）LMBRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $1.01 | $0.50 | ||
| Q3 25 | $0.73 | $-0.07 | ||
| Q2 25 | $0.64 | $-0.06 | ||
| Q1 25 | $0.85 | $-0.15 | ||
| Q4 24 | $0.81 | $0.05 | ||
| Q3 24 | $0.62 | $-0.08 | ||
| Q2 24 | $0.50 | $-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 | $11.3M | $67.6M |
| 总债务越低越好 | $30.5M | — |
| 股东权益账面价值 | $195.7M | $419.1M |
| 总资产 | $381.1M | — |
| 负债/权益比越低杠杆越低 | 0.16× | — |
8季度趋势，按日历期对齐
现金及短期投资LMBRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $11.3M | $96.4M | ||
| Q3 25 | $9.8M | $74.8M | ||
| Q2 25 | $38.9M | $60.5M | ||
| Q1 25 | $38.1M | $71.2M | ||
| Q4 24 | $44.9M | $87.8M | ||
| Q3 24 | $51.2M | $37.2M | ||
| Q2 24 | $59.5M | $64.6M |
总债务LMBRBBN
| Q1 26 | — | — | ||
| Q4 25 | $30.5M | $342.1M | ||
| Q3 25 | $56.3M | $344.3M | ||
| Q2 25 | $28.4M | $346.5M | ||
| Q1 25 | $23.7M | $347.4M | ||
| Q4 24 | $23.6M | $348.3M | ||
| Q3 24 | $20.5M | $349.1M | ||
| Q2 24 | $19.7M | $350.0M |
股东权益LMBRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $195.7M | $449.0M | ||
| Q3 25 | $181.6M | $360.1M | ||
| Q2 25 | $170.5M | $370.4M | ||
| Q1 25 | $161.1M | $381.8M | ||
| Q4 24 | $153.5M | $404.6M | ||
| Q3 24 | $142.2M | $395.5M | ||
| Q2 24 | $133.0M | $405.0M |
总资产LMBRBBN
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | $1.2B | ||
| Q3 25 | $409.1M | $1.1B | ||
| Q2 25 | $343.0M | $1.1B | ||
| Q1 25 | $336.4M | $1.1B | ||
| Q4 24 | $352.1M | $1.2B | ||
| Q3 24 | $324.4M | $1.1B | ||
| Q2 24 | $303.9M | $1.1B |
负债/权益比LMBRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.16× | 0.76× | ||
| Q3 25 | 0.31× | 0.96× | ||
| Q2 25 | 0.17× | 0.94× | ||
| Q1 25 | 0.15× | 0.91× | ||
| Q4 24 | 0.15× | 0.86× | ||
| Q3 24 | 0.14× | 0.88× | ||
| Q2 24 | 0.15× | 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 | $28.1M | — |
| 自由现金流经营现金流 - 资本支出 | $27.9M | — |
| 自由现金流率自由现金流/营收 | 14.9% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | 2.29× | — |
| 过去12个月自由现金流最近4个季度 | $41.9M | — |
8季度趋势，按日历期对齐
经营现金流LMBRBBN
| Q1 26 | — | — | ||
| Q4 25 | $28.1M | $29.2M | ||
| Q3 25 | $13.3M | $26.5M | ||
| Q2 25 | $2.0M | $-795.0K | ||
| Q1 25 | $2.2M | $-3.5M | ||
| Q4 24 | $19.3M | $61.8M | ||
| Q3 24 | $4.9M | $-14.8M | ||
| Q2 24 | $16.5M | $-9.8M |
自由现金流LMBRBBN
| Q1 26 | — | — | ||
| Q4 25 | $27.9M | $27.3M | ||
| Q3 25 | $12.8M | $21.0M | ||
| Q2 25 | $1.2M | $-6.5M | ||
| Q1 25 | $11.0K | $-15.7M | ||
| Q4 24 | $18.0M | $53.8M | ||
| Q3 24 | $4.6M | $-23.7M | ||
| Q2 24 | $13.2M | $-12.9M |
自由现金流率LMBRBBN
| Q1 26 | — | — | ||
| Q4 25 | 14.9% | 12.0% | ||
| Q3 25 | 7.0% | 9.7% | ||
| Q2 25 | 0.8% | -2.9% | ||
| Q1 25 | 0.0% | -8.7% | ||
| Q4 24 | 12.5% | 21.4% | ||
| Q3 24 | 3.4% | -11.3% | ||
| Q2 24 | 10.8% | -6.7% |
资本支出强度LMBRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 0.9% | ||
| Q3 25 | 0.3% | 2.6% | ||
| Q2 25 | 0.6% | 2.6% | ||
| Q1 25 | 1.7% | 6.7% | ||
| Q4 24 | 0.9% | 3.2% | ||
| Q3 24 | 0.3% | 4.2% | ||
| Q2 24 | 2.7% | 1.6% |
现金转化率LMBRBBN
| Q1 26 | — | — | ||
| Q4 25 | 2.29× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 1.96× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 2.77× | — |
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
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
