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LTC PROPERTIES INC（LTC）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LTC PROPERTIES INC的1.9倍（$162.6M vs $84.3M），LTC PROPERTIES INC净利率更高（123.0% vs 54.8%，领先68.2%），LTC PROPERTIES INC同比增速更快（60.3% vs -10.3%），过去两年LTC PROPERTIES INC的营收复合增速更高（28.1% vs -8.1%）
LTC Properties Inc是一家总部位于美国的房地产投资信托企业，核心业务为持有、融资及运营老年住宅与医疗相关不动产，投资组合涵盖辅助生活设施、专业护理物业、记忆照护中心及独立生活社区，服务美国养老与医疗领域运营方。
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。
LTC vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.9倍
$84.3M
营收增速更快
LTC
高出70.6%
-10.3%
净利率更高
LTC
高出68.2%
54.8%
两年增速更快
LTC
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $84.3M | $162.6M |
| 净利润 | $103.7M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | — | 37.6% |
| 净利率 | 123.0% | 54.8% |
| 营收同比 | 60.3% | -10.3% |
| 净利润同比 | 429.1% | — |
| 每股收益（稀释后） | $2.19 | $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LTCRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $84.3M | $227.3M | ||
| Q3 25 | $69.3M | $215.4M | ||
| Q2 25 | $60.2M | $220.6M | ||
| Q1 25 | $49.0M | $181.3M | ||
| Q4 24 | $52.6M | $251.4M | ||
| Q3 24 | $55.8M | $210.2M | ||
| Q2 24 | $50.1M | $192.6M |
净利润LTCRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $103.7M | — | ||
| Q3 25 | $-20.0M | $-12.1M | ||
| Q2 25 | $15.1M | $-11.1M | ||
| Q1 25 | $20.7M | $-26.2M | ||
| Q4 24 | $19.6M | — | ||
| Q3 24 | $29.4M | $-13.4M | ||
| Q2 24 | $19.4M | $-16.8M |
毛利率LTCRBBN
| 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LTCRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | 71.9% | 1.3% | ||
| Q2 25 | 80.5% | 1.9% | ||
| Q1 25 | 37.8% | -10.8% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | 95.5% | -0.4% | ||
| Q2 24 | 38.0% | -1.0% |
净利率LTCRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 123.0% | — | ||
| Q3 25 | -28.9% | -5.6% | ||
| Q2 25 | 25.1% | -5.0% | ||
| Q1 25 | 42.2% | -14.5% | ||
| Q4 24 | 37.3% | — | ||
| Q3 24 | 52.6% | -6.4% | ||
| Q2 24 | 38.6% | -8.7% |
每股收益（稀释后）LTCRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $2.19 | $0.50 | ||
| Q3 25 | $-0.44 | $-0.07 | ||
| Q2 25 | $0.32 | $-0.06 | ||
| Q1 25 | $0.45 | $-0.15 | ||
| Q4 24 | $0.38 | $0.05 | ||
| Q3 24 | $0.66 | $-0.08 | ||
| Q2 24 | $0.44 | $-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 | $14.4M | $67.6M |
| 总债务越低越好 | $842.2M | — |
| 股东权益账面价值 | $1.1B | $419.1M |
| 总资产 | $2.1B | — |
| 负债/权益比越低杠杆越低 | 0.78× | — |
8季度趋势，按日历期对齐
现金及短期投资LTCRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $14.4M | $96.4M | ||
| Q3 25 | $17.9M | $74.8M | ||
| Q2 25 | $7.6M | $60.5M | ||
| Q1 25 | $23.3M | $71.2M | ||
| Q4 24 | $9.4M | $87.8M | ||
| Q3 24 | $35.0M | $37.2M | ||
| Q2 24 | $6.2M | $64.6M |
总债务LTCRBBN
| Q1 26 | — | — | ||
| Q4 25 | $842.2M | $342.1M | ||
| Q3 25 | $944.5M | $344.3M | ||
| Q2 25 | $696.5M | $346.5M | ||
| Q1 25 | $682.2M | $347.4M | ||
| Q4 24 | $684.6M | $348.3M | ||
| Q3 24 | $785.3M | $349.1M | ||
| Q2 24 | $861.0M | $350.0M |
股东权益LTCRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $1.1B | $449.0M | ||
| Q3 25 | $957.9M | $360.1M | ||
| Q2 25 | $957.5M | $370.4M | ||
| Q1 25 | $961.9M | $381.8M | ||
| Q4 24 | $960.6M | $404.6M | ||
| Q3 24 | $947.8M | $395.5M | ||
| Q2 24 | $889.1M | $405.0M |
总资产LTCRBBN
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $1.9B | $1.1B |
负债/权益比LTCRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.78× | 0.76× | ||
| Q3 25 | 0.99× | 0.96× | ||
| Q2 25 | 0.73× | 0.94× | ||
| Q1 25 | 0.71× | 0.91× | ||
| Q4 24 | 0.71× | 0.86× | ||
| Q3 24 | 0.83× | 0.88× | ||
| Q2 24 | 0.97× | 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 | $136.0M | — |
| 自由现金流经营现金流 - 资本支出 | $128.7M | — |
| 自由现金流率自由现金流/营收 | 152.7% | — |
| 资本支出强度资本支出/营收 | 8.6% | — |
| 现金转化率经营现金流/净利润 | 1.31× | — |
| 过去12个月自由现金流最近4个季度 | $220.1M | — |
8季度趋势，按日历期对齐
经营现金流LTCRBBN
| Q1 26 | — | — | ||
| Q4 25 | $136.0M | $29.2M | ||
| Q3 25 | $38.4M | $26.5M | ||
| Q2 25 | $30.0M | $-795.0K | ||
| Q1 25 | $29.6M | $-3.5M | ||
| Q4 24 | $125.9M | $61.8M | ||
| Q3 24 | $34.0M | $-14.8M | ||
| Q2 24 | $37.0M | $-9.8M |
自由现金流LTCRBBN
| Q1 26 | — | — | ||
| Q4 25 | $128.7M | $27.3M | ||
| Q3 25 | $34.3M | $21.0M | ||
| Q2 25 | $28.9M | $-6.5M | ||
| Q1 25 | $28.2M | $-15.7M | ||
| Q4 24 | $112.2M | $53.8M | ||
| Q3 24 | $27.7M | $-23.7M | ||
| Q2 24 | $34.7M | $-12.9M |
自由现金流率LTCRBBN
| Q1 26 | — | — | ||
| Q4 25 | 152.7% | 12.0% | ||
| Q3 25 | 49.4% | 9.7% | ||
| Q2 25 | 47.9% | -2.9% | ||
| Q1 25 | 57.6% | -8.7% | ||
| Q4 24 | 213.4% | 21.4% | ||
| Q3 24 | 49.7% | -11.3% | ||
| Q2 24 | 69.1% | -6.7% |
资本支出强度LTCRBBN
| Q1 26 | — | — | ||
| Q4 25 | 8.6% | 0.9% | ||
| Q3 25 | 6.0% | 2.6% | ||
| Q2 25 | 1.9% | 2.6% | ||
| Q1 25 | 2.7% | 6.7% | ||
| Q4 24 | 26.0% | 3.2% | ||
| Q3 24 | 11.2% | 4.2% | ||
| Q2 24 | 4.6% | 1.6% |
现金转化率LTCRBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.31× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.99× | — | ||
| Q1 25 | 1.43× | — | ||
| Q4 24 | 6.43× | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.91× | — |
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
LTC
| Seniors Housing Operating Portfolio Segment | $72.1M | 86% |
| Other | $12.2M | 14% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
