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LIQUIDITY SERVICES INC（LQDT）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
Ribbon Communications Inc.的季度营收约是LIQUIDITY SERVICES INC的1.3倍（$162.6M vs $121.2M），Ribbon Communications Inc.净利率更高（54.8% vs 6.2%，领先48.6%），LIQUIDITY SERVICES INC同比增速更快（-0.9% vs -10.3%），过去两年LIQUIDITY SERVICES INC的营收复合增速更高（15.1% vs -8.1%）
利魁迪提服务公司是一家美国电子商务企业，依托线上交易平台网络为客户提供过剩资产管理服务，助力各类企业及政府机构转售过剩库存、退回商品及报废货品。公司成立于1999年，总部设在美国马里兰州贝塞斯达。
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。
LQDT vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.3倍
$121.2M
营收增速更快
LQDT
高出9.4%
-10.3%
净利率更高
RBBN
高出48.6%
6.2%
两年增速更快
LQDT
近两年复合增速
-8.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $121.2M | $162.6M |
| 净利润 | $7.5M | $89.1M |
| 毛利率 | 47.0% | 42.9% |
| 营业利润率 | 7.7% | 37.6% |
| 净利率 | 6.2% | 54.8% |
| 营收同比 | -0.9% | -10.3% |
| 净利润同比 | 28.9% | — |
| 每股收益（稀释后） | $0.23 | $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LQDTRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $121.2M | $227.3M | ||
| Q3 25 | $118.1M | $215.4M | ||
| Q2 25 | $119.9M | $220.6M | ||
| Q1 25 | $116.4M | $181.3M | ||
| Q4 24 | $122.3M | $251.4M | ||
| Q3 24 | $106.9M | $210.2M | ||
| Q2 24 | $93.6M | $192.6M |
净利润LQDTRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $7.5M | — | ||
| Q3 25 | $7.8M | $-12.1M | ||
| Q2 25 | $7.4M | $-11.1M | ||
| Q1 25 | $7.1M | $-26.2M | ||
| Q4 24 | $5.8M | — | ||
| Q3 24 | $6.4M | $-13.4M | ||
| Q2 24 | $6.0M | $-16.8M |
毛利率LQDTRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 47.0% | 53.3% | ||
| Q3 25 | 47.8% | 50.1% | ||
| Q2 25 | 45.7% | 49.6% | ||
| Q1 25 | 40.8% | 45.4% | ||
| Q4 24 | 41.0% | 55.7% | ||
| Q3 24 | 45.6% | 52.1% | ||
| Q2 24 | 52.8% | 50.8% |
营业利润率LQDTRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 7.7% | 4.1% | ||
| Q3 25 | 9.3% | 1.3% | ||
| Q2 25 | 8.5% | 1.9% | ||
| Q1 25 | 5.8% | -10.8% | ||
| Q4 24 | 5.8% | 13.2% | ||
| Q3 24 | 6.8% | -0.4% | ||
| Q2 24 | 8.4% | -1.0% |
净利率LQDTRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 6.2% | — | ||
| Q3 25 | 6.6% | -5.6% | ||
| Q2 25 | 6.2% | -5.0% | ||
| Q1 25 | 6.1% | -14.5% | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 6.0% | -6.4% | ||
| Q2 24 | 6.4% | -8.7% |
每股收益（稀释后）LQDTRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.23 | $0.50 | ||
| Q3 25 | $0.24 | $-0.07 | ||
| Q2 25 | $0.23 | $-0.06 | ||
| Q1 25 | $0.22 | $-0.15 | ||
| Q4 24 | $0.18 | $0.05 | ||
| Q3 24 | $0.20 | $-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 | $11.6M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $215.3M | $419.1M |
| 总资产 | $369.1M | — |
| 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LQDTRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $11.6M | $96.4M | ||
| Q3 25 | $11.2M | $74.8M | ||
| Q2 25 | $11.4M | $60.5M | ||
| Q1 25 | $10.5M | $71.2M | ||
| Q4 24 | $10.4M | $87.8M | ||
| Q3 24 | $2.3M | $37.2M | ||
| Q2 24 | $6.5M | $64.6M |
总债务LQDTRBBN
| 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LQDTRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $215.3M | $449.0M | ||
| Q3 25 | $203.2M | $360.1M | ||
| Q2 25 | $208.7M | $370.4M | ||
| Q1 25 | $196.3M | $381.8M | ||
| Q4 24 | $189.2M | $404.6M | ||
| Q3 24 | $182.6M | $395.5M | ||
| Q2 24 | $172.0M | $405.0M |
总资产LQDTRBBN
| Q1 26 | — | — | ||
| Q4 25 | $369.1M | $1.2B | ||
| Q3 25 | $375.1M | $1.1B | ||
| Q2 25 | $372.4M | $1.1B | ||
| Q1 25 | $358.8M | $1.1B | ||
| Q4 24 | $333.2M | $1.2B | ||
| Q3 24 | $346.9M | $1.1B | ||
| Q2 24 | $325.5M | $1.1B |
负债/权益比LQDTRBBN
| 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 | $-526.0K | — |
| 自由现金流经营现金流 - 资本支出 | $-2.8M | — |
| 自由现金流率自由现金流/营收 | -2.3% | — |
| 资本支出强度资本支出/营收 | 1.9% | — |
| 现金转化率经营现金流/净利润 | -0.07× | — |
| 过去12个月自由现金流最近4个季度 | $70.1M | — |
8季度趋势，按日历期对齐
经营现金流LQDTRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-526.0K | $29.2M | ||
| Q3 25 | $38.0M | $26.5M | ||
| Q2 25 | $19.3M | $-795.0K | ||
| Q1 25 | $21.6M | $-3.5M | ||
| Q4 24 | $-12.1M | $61.8M | ||
| Q3 24 | $22.0M | $-14.8M | ||
| Q2 24 | $22.2M | $-9.8M |
自由现金流LQDTRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-2.8M | $27.3M | ||
| Q3 25 | $36.0M | $21.0M | ||
| Q2 25 | $17.2M | $-6.5M | ||
| Q1 25 | $19.8M | $-15.7M | ||
| Q4 24 | $-14.0M | $53.8M | ||
| Q3 24 | $19.2M | $-23.7M | ||
| Q2 24 | $20.3M | $-12.9M |
自由现金流率LQDTRBBN
| Q1 26 | — | — | ||
| Q4 25 | -2.3% | 12.0% | ||
| Q3 25 | 30.5% | 9.7% | ||
| Q2 25 | 14.3% | -2.9% | ||
| Q1 25 | 17.0% | -8.7% | ||
| Q4 24 | -11.4% | 21.4% | ||
| Q3 24 | 17.9% | -11.3% | ||
| Q2 24 | 21.7% | -6.7% |
资本支出强度LQDTRBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 0.9% | ||
| Q3 25 | 1.7% | 2.6% | ||
| Q2 25 | 1.8% | 2.6% | ||
| Q1 25 | 1.6% | 6.7% | ||
| Q4 24 | 1.5% | 3.2% | ||
| Q3 24 | 2.7% | 4.2% | ||
| Q2 24 | 2.1% | 1.6% |
现金转化率LQDTRBBN
| Q1 26 | — | — | ||
| Q4 25 | -0.07× | — | ||
| Q3 25 | 4.86× | — | ||
| Q2 25 | 2.60× | — | ||
| Q1 25 | 3.07× | — | ||
| Q4 24 | -2.09× | — | ||
| Q3 24 | 3.45× | — | ||
| Q2 24 | 3.71× | — |
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
LQDT
| RSCG | $82.0M | 68% |
| Gov Deals | $22.3M | 18% |
| CAG | $11.5M | 9% |
| Machinio And Software Solutions Corporation | $5.5M | 5% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
