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Mayville Engineering Company, Inc.（MEC）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Mayville Engineering Company, Inc.的1.2倍（$162.6M vs $134.3M），Ribbon Communications Inc.净利率更高（54.8% vs -3.2%，领先58.0%），Mayville Engineering Company, Inc.同比增速更快（10.7% vs -10.3%），过去两年Ribbon Communications Inc.的营收复合增速更高（-8.1% vs -8.8%）
Mayville Engineering Company（MEC）是总部位于美国的领先金属零部件、装配组件及定制工程解决方案供应商，主要服务农业、建筑、商用运输、国防、动力运动等领域的原始设备制造商客户，提供从原型开发到大规模量产的全流程服务。
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。
MEC vs RBBN — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $162.6M |
| 净利润 | $-4.4M | $89.1M |
| 毛利率 | 6.8% | 42.9% |
| 营业利润率 | -4.1% | — |
| 净利率 | -3.2% | 54.8% |
| 营收同比 | 10.7% | -10.3% |
| 净利润同比 | -127.3% | — |
| 每股收益（稀释后） | $-0.22 | $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
| Q1 26 | — | $162.6M | ||
| Q4 25 | $134.3M | $227.3M | ||
| Q3 25 | $144.3M | $215.4M | ||
| Q2 25 | $132.3M | $220.6M | ||
| Q1 25 | $135.6M | $181.3M | ||
| Q4 24 | $121.3M | $251.4M | ||
| Q3 24 | $135.4M | $210.2M | ||
| Q2 24 | $163.6M | $192.6M |
| Q1 26 | — | $89.1M | ||
| Q4 25 | $-4.4M | — | ||
| Q3 25 | $-2.7M | $-12.1M | ||
| Q2 25 | $-1.1M | $-11.1M | ||
| Q1 25 | $20.0K | $-26.2M | ||
| Q4 24 | $16.0M | — | ||
| Q3 24 | $3.0M | $-13.4M | ||
| Q2 24 | $3.8M | $-16.8M |
| Q1 26 | — | 42.9% | ||
| Q4 25 | 6.8% | 53.3% | ||
| Q3 25 | 11.0% | 50.1% | ||
| Q2 25 | 10.3% | 49.6% | ||
| Q1 25 | 11.3% | 45.4% | ||
| Q4 24 | 8.9% | 55.7% | ||
| Q3 24 | 12.6% | 52.1% | ||
| Q2 24 | 13.6% | 50.8% |
| Q1 26 | — | — | ||
| Q4 25 | -4.1% | 4.1% | ||
| Q3 25 | 0.0% | 1.3% | ||
| Q2 25 | 0.1% | 1.9% | ||
| Q1 25 | 1.2% | -10.8% | ||
| Q4 24 | 19.0% | 13.2% | ||
| Q3 24 | 4.2% | -0.4% | ||
| Q2 24 | 5.0% | -1.0% |
| Q1 26 | — | 54.8% | ||
| Q4 25 | -3.2% | — | ||
| Q3 25 | -1.9% | -5.6% | ||
| Q2 25 | -0.8% | -5.0% | ||
| Q1 25 | 0.0% | -14.5% | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 2.2% | -6.4% | ||
| Q2 24 | 2.3% | -8.7% |
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-0.22 | $0.50 | ||
| Q3 25 | $-0.13 | $-0.07 | ||
| Q2 25 | $-0.05 | $-0.06 | ||
| Q1 25 | $0.00 | $-0.15 | ||
| Q4 24 | $0.76 | $0.05 | ||
| Q3 24 | $0.14 | $-0.08 | ||
| Q2 24 | $0.18 | $-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 | $1.5M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $240.7M | $419.1M |
| 总资产 | $563.6M | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $67.6M | ||
| Q4 25 | $1.5M | $96.4M | ||
| Q3 25 | $1.2M | $74.8M | ||
| Q2 25 | $206.0K | $60.5M | ||
| Q1 25 | $183.0K | $71.2M | ||
| Q4 24 | $206.0K | $87.8M | ||
| Q3 24 | $178.0K | $37.2M | ||
| Q2 24 | $314.0K | $64.6M |
| 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 |
| Q1 26 | — | $419.1M | ||
| Q4 25 | $240.7M | $449.0M | ||
| Q3 25 | $244.8M | $360.1M | ||
| Q2 25 | $246.8M | $370.4M | ||
| Q1 25 | $250.0M | $381.8M | ||
| Q4 24 | $251.8M | $404.6M | ||
| Q3 24 | $238.4M | $395.5M | ||
| Q2 24 | $238.1M | $405.0M |
| Q1 26 | — | — | ||
| Q4 25 | $563.6M | $1.2B | ||
| Q3 25 | $585.6M | $1.1B | ||
| Q2 25 | $433.7M | $1.1B | ||
| Q1 25 | $447.7M | $1.1B | ||
| Q4 24 | $445.6M | $1.2B | ||
| Q3 24 | $466.0M | $1.1B | ||
| Q2 24 | $488.2M | $1.1B |
| 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 | $13.4M | — |
| 自由现金流经营现金流 - 资本支出 | $10.2M | — |
| 自由现金流率自由现金流/营收 | 7.6% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 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 | $26.9M | — |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $13.4M | $29.2M | ||
| Q3 25 | $1.9M | $26.5M | ||
| Q2 25 | $15.0M | $-795.0K | ||
| Q1 25 | $8.3M | $-3.5M | ||
| Q4 24 | $38.0M | $61.8M | ||
| Q3 24 | $17.9M | $-14.8M | ||
| Q2 24 | $23.3M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | $10.2M | $27.3M | ||
| Q3 25 | $-1.1M | $21.0M | ||
| Q2 25 | $12.5M | $-6.5M | ||
| Q1 25 | $5.4M | $-15.7M | ||
| Q4 24 | $35.6M | $53.8M | ||
| Q3 24 | $15.1M | $-23.7M | ||
| Q2 24 | $19.2M | $-12.9M |
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 12.0% | ||
| Q3 25 | -0.8% | 9.7% | ||
| Q2 25 | 9.5% | -2.9% | ||
| Q1 25 | 4.0% | -8.7% | ||
| Q4 24 | 29.4% | 21.4% | ||
| Q3 24 | 11.1% | -11.3% | ||
| Q2 24 | 11.7% | -6.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 0.9% | ||
| Q3 25 | 2.1% | 2.6% | ||
| Q2 25 | 1.8% | 2.6% | ||
| Q1 25 | 2.2% | 6.7% | ||
| Q4 24 | 1.9% | 3.2% | ||
| Q3 24 | 2.1% | 4.2% | ||
| Q2 24 | 2.5% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 416.65× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 6.03× | — | ||
| Q2 24 | 6.15× | — |
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
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
