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MALIBU BOATS, INC.（MBUU）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
MALIBU BOATS, INC.的季度营收约是Ribbon Communications Inc.的1.2倍（$188.6M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs -1.3%，领先56.1%），MALIBU BOATS, INC.同比增速更快（-5.8% vs -10.3%），过去两年MALIBU BOATS, INC.的营收复合增速更高（-3.7% vs -8.1%）
马里布游艇是美国休闲游艇制造商，1982年创立于加利福尼亚州默塞德，现总部位于田纳西州洛登，在澳大利亚新南威尔士州也设有生产基地。它是全球最大的水上运动拖船制造商，产品可供休闲使用，也应用于滑水、尾波滑板等各类赛事活动。
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。
MBUU vs RBBN — 直观对比
营收规模更大
MBUU
是对方的1.2倍
$162.6M
营收增速更快
MBUU
高出4.5%
-10.3%
净利率更高
RBBN
高出56.1%
-1.3%
两年增速更快
MBUU
近两年复合增速
-8.1%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $188.6M | $162.6M |
| 净利润 | $-2.5M | $89.1M |
| 毛利率 | 13.3% | 42.9% |
| 营业利润率 | -1.9% | 37.6% |
| 净利率 | -1.3% | 54.8% |
| 营收同比 | -5.8% | -10.3% |
| 净利润同比 | -204.2% | — |
| 每股收益（稀释后） | $-0.13 | $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MBUURBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $188.6M | $227.3M | ||
| Q3 25 | $194.7M | $215.4M | ||
| Q2 25 | $207.0M | $220.6M | ||
| Q1 25 | $228.7M | $181.3M | ||
| Q4 24 | $200.3M | $251.4M | ||
| Q3 24 | $171.6M | $210.2M | ||
| Q2 24 | $158.7M | $192.6M |
净利润MBUURBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $-2.5M | — | ||
| Q3 25 | $-702.0K | $-12.1M | ||
| Q2 25 | $4.7M | $-11.1M | ||
| Q1 25 | $12.9M | $-26.2M | ||
| Q4 24 | $2.4M | — | ||
| Q3 24 | $-5.0M | $-13.4M | ||
| Q2 24 | $-19.2M | $-16.8M |
毛利率MBUURBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 13.3% | 53.3% | ||
| Q3 25 | 14.3% | 50.1% | ||
| Q2 25 | 15.8% | 49.6% | ||
| Q1 25 | 20.0% | 45.4% | ||
| Q4 24 | 18.7% | 55.7% | ||
| Q3 24 | 16.4% | 52.1% | ||
| Q2 24 | 7.9% | 50.8% |
营业利润率MBUURBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | -1.9% | 4.1% | ||
| Q3 25 | -0.4% | 1.3% | ||
| Q2 25 | 3.3% | 1.9% | ||
| Q1 25 | 7.6% | -10.8% | ||
| Q4 24 | 1.6% | 13.2% | ||
| Q3 24 | -3.3% | -0.4% | ||
| Q2 24 | -15.4% | -1.0% |
净利率MBUURBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | -1.3% | — | ||
| Q3 25 | -0.4% | -5.6% | ||
| Q2 25 | 2.3% | -5.0% | ||
| Q1 25 | 5.6% | -14.5% | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | -2.9% | -6.4% | ||
| Q2 24 | -12.1% | -8.7% |
每股收益（稀释后）MBUURBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-0.13 | $0.50 | ||
| Q3 25 | $-0.04 | $-0.07 | ||
| Q2 25 | $0.23 | $-0.06 | ||
| Q1 25 | $0.66 | $-0.15 | ||
| Q4 24 | $0.12 | $0.05 | ||
| Q3 24 | $-0.25 | $-0.08 | ||
| Q2 24 | $-0.93 | $-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 | $28.2M | $67.6M |
| 总债务越低越好 | $20.0M | — |
| 股东权益账面价值 | $495.0M | $419.1M |
| 总资产 | $715.7M | — |
| 负债/权益比越低杠杆越低 | 0.04× | — |
8季度趋势，按日历期对齐
现金及短期投资MBUURBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $28.2M | $96.4M | ||
| Q3 25 | $44.1M | $74.8M | ||
| Q2 25 | $37.0M | $60.5M | ||
| Q1 25 | $38.7M | $71.2M | ||
| Q4 24 | $35.1M | $87.8M | ||
| Q3 24 | $27.7M | $37.2M | ||
| Q2 24 | $26.9M | $64.6M |
总债务MBUURBBN
| Q1 26 | — | — | ||
| Q4 25 | $20.0M | $342.1M | ||
| Q3 25 | $23.0M | $344.3M | ||
| Q2 25 | $18.0M | $346.5M | ||
| Q1 25 | $28.0M | $347.4M | ||
| Q4 24 | $23.0M | $348.3M | ||
| Q3 24 | $28.0M | $349.1M | ||
| Q2 24 | $0 | $350.0M |
股东权益MBUURBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $495.0M | $449.0M | ||
| Q3 25 | $516.4M | $360.1M | ||
| Q2 25 | $515.5M | $370.4M | ||
| Q1 25 | $513.0M | $381.8M | ||
| Q4 24 | $509.8M | $404.6M | ||
| Q3 24 | $517.7M | $395.5M | ||
| Q2 24 | $530.0M | $405.0M |
总资产MBUURBBN
| Q1 26 | — | — | ||
| Q4 25 | $715.7M | $1.2B | ||
| Q3 25 | $755.6M | $1.1B | ||
| Q2 25 | $734.6M | $1.1B | ||
| Q1 25 | $758.8M | $1.1B | ||
| Q4 24 | $738.7M | $1.2B | ||
| Q3 24 | $759.1M | $1.1B | ||
| Q2 24 | $739.6M | $1.1B |
负债/权益比MBUURBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.04× | 0.76× | ||
| Q3 25 | 0.04× | 0.96× | ||
| Q2 25 | 0.03× | 0.94× | ||
| Q1 25 | 0.05× | 0.91× | ||
| Q4 24 | 0.05× | 0.86× | ||
| Q3 24 | 0.05× | 0.88× | ||
| Q2 24 | 0.00× | 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 | $12.6M | — |
| 自由现金流经营现金流 - 资本支出 | $8.2M | — |
| 自由现金流率自由现金流/营收 | 4.4% | — |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $33.3M | — |
8季度趋势，按日历期对齐
经营现金流MBUURBBN
| Q1 26 | — | — | ||
| Q4 25 | $12.6M | $29.2M | ||
| Q3 25 | $6.5M | $26.5M | ||
| Q2 25 | $21.0M | $-795.0K | ||
| Q1 25 | $15.5M | $-3.5M | ||
| Q4 24 | $28.4M | $61.8M | ||
| Q3 24 | $-8.4M | $-14.8M | ||
| Q2 24 | $16.3M | $-9.8M |
自由现金流MBUURBBN
| Q1 26 | — | — | ||
| Q4 25 | $8.2M | $27.3M | ||
| Q3 25 | $2.2M | $21.0M | ||
| Q2 25 | $14.1M | $-6.5M | ||
| Q1 25 | $8.8M | $-15.7M | ||
| Q4 24 | $22.8M | $53.8M | ||
| Q3 24 | $-17.0M | $-23.7M | ||
| Q2 24 | $4.5M | $-12.9M |
自由现金流率MBUURBBN
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | 12.0% | ||
| Q3 25 | 1.1% | 9.7% | ||
| Q2 25 | 6.8% | -2.9% | ||
| Q1 25 | 3.8% | -8.7% | ||
| Q4 24 | 11.4% | 21.4% | ||
| Q3 24 | -9.9% | -11.3% | ||
| Q2 24 | 2.8% | -6.7% |
资本支出强度MBUURBBN
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 0.9% | ||
| Q3 25 | 2.2% | 2.6% | ||
| Q2 25 | 3.4% | 2.6% | ||
| Q1 25 | 2.9% | 6.7% | ||
| Q4 24 | 2.8% | 3.2% | ||
| Q3 24 | 5.0% | 4.2% | ||
| Q2 24 | 7.5% | 1.6% |
现金转化率MBUURBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 4.50× | — | ||
| Q1 25 | 1.20× | — | ||
| Q4 24 | 12.02× | — | ||
| Q3 24 | — | — | ||
| 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
MBUU
| Boatand Trailer Sales | $68.1M | 36% |
| Saltwater Fishing | $65.3M | 35% |
| Cobalt | $52.6M | 28% |
| Part And Other Sales | $2.6M | 1% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
