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MGP INGREDIENTS INC（MGPI）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MGP INGREDIENTS INC的1.2倍（$162.6M vs $138.3M），Ribbon Communications Inc.净利率更高（54.8% vs -97.3%，领先152.1%），Ribbon Communications Inc.同比增速更快（-10.3% vs -23.5%），过去两年Ribbon Communications Inc.的营收复合增速更高（-8.1% vs -9.9%）
MGP配料公司是总部位于美国的优质蒸馏酒、特种小麦和玉米基淀粉及蛋白质配料供应商，服务食品饮料制造、餐饮及工业客户领域，为北美及部分全球市场客户提供定制化配料解决方案。
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。
MGPI vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.2倍
$138.3M
营收增速更快
RBBN
高出13.2%
-23.5%
净利率更高
RBBN
高出152.1%
-97.3%
两年增速更快
RBBN
近两年复合增速
-9.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $138.3M | $162.6M |
| 净利润 | $-134.6M | $89.1M |
| 毛利率 | 34.9% | 42.9% |
| 营业利润率 | -97.7% | 37.6% |
| 净利率 | -97.3% | 54.8% |
| 营收同比 | -23.5% | -10.3% |
| 净利润同比 | -220.8% | — |
| 每股收益（稀释后） | $-6.23 | $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MGPIRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $138.3M | $227.3M | ||
| Q3 25 | $130.9M | $215.4M | ||
| Q2 25 | $145.5M | $220.6M | ||
| Q1 25 | $121.7M | $181.3M | ||
| Q4 24 | $180.8M | $251.4M | ||
| Q3 24 | $161.5M | $210.2M | ||
| Q2 24 | $190.8M | $192.6M |
净利润MGPIRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $-134.6M | — | ||
| Q3 25 | $15.4M | $-12.1M | ||
| Q2 25 | $14.4M | $-11.1M | ||
| Q1 25 | $-3.0M | $-26.2M | ||
| Q4 24 | $-42.0M | — | ||
| Q3 24 | $23.9M | $-13.4M | ||
| Q2 24 | $32.1M | $-16.8M |
毛利率MGPIRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 34.9% | 53.3% | ||
| Q3 25 | 37.8% | 50.1% | ||
| Q2 25 | 40.1% | 49.6% | ||
| Q1 25 | 35.6% | 45.4% | ||
| Q4 24 | 41.2% | 55.7% | ||
| Q3 24 | 40.8% | 52.1% | ||
| Q2 24 | 43.6% | 50.8% |
营业利润率MGPIRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | -97.7% | 4.1% | ||
| Q3 25 | 16.1% | 1.3% | ||
| Q2 25 | 14.0% | 1.9% | ||
| Q1 25 | -0.6% | -10.8% | ||
| Q4 24 | -16.8% | 13.2% | ||
| Q3 24 | 20.2% | -0.4% | ||
| Q2 24 | 22.7% | -1.0% |
净利率MGPIRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | -97.3% | — | ||
| Q3 25 | 11.8% | -5.6% | ||
| Q2 25 | 9.9% | -5.0% | ||
| Q1 25 | -2.5% | -14.5% | ||
| Q4 24 | -23.2% | — | ||
| Q3 24 | 14.8% | -6.4% | ||
| Q2 24 | 16.8% | -8.7% |
每股收益（稀释后）MGPIRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-6.23 | $0.50 | ||
| Q3 25 | $0.71 | $-0.07 | ||
| Q2 25 | $0.67 | $-0.06 | ||
| Q1 25 | $-0.14 | $-0.15 | ||
| Q4 24 | $-1.86 | $0.05 | ||
| Q3 24 | $1.07 | $-0.08 | ||
| Q2 24 | $1.43 | $-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 | $18.5M | $67.6M |
| 总债务越低越好 | $245.9M | — |
| 股东权益账面价值 | $718.4M | $419.1M |
| 总资产 | $1.2B | — |
| 负债/权益比越低杠杆越低 | 0.34× | — |
8季度趋势，按日历期对齐
现金及短期投资MGPIRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $18.5M | $96.4M | ||
| Q3 25 | $13.4M | $74.8M | ||
| Q2 25 | $17.3M | $60.5M | ||
| Q1 25 | $20.1M | $71.2M | ||
| Q4 24 | $25.3M | $87.8M | ||
| Q3 24 | $20.8M | $37.2M | ||
| Q2 24 | $21.0M | $64.6M |
总债务MGPIRBBN
| Q1 26 | — | — | ||
| Q4 25 | $245.9M | $342.1M | ||
| Q3 25 | $262.3M | $344.3M | ||
| Q2 25 | $290.7M | $346.5M | ||
| Q1 25 | $290.7M | $347.4M | ||
| Q4 24 | $317.1M | $348.3M | ||
| Q3 24 | $283.6M | $349.1M | ||
| Q2 24 | $303.0M | $350.0M |
股东权益MGPIRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $718.4M | $449.0M | ||
| Q3 25 | $855.2M | $360.1M | ||
| Q2 25 | $841.8M | $370.4M | ||
| Q1 25 | $828.3M | $381.8M | ||
| Q4 24 | $834.2M | $404.6M | ||
| Q3 24 | $914.5M | $395.5M | ||
| Q2 24 | $894.5M | $405.0M |
总资产MGPIRBBN
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B |
负债/权益比MGPIRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.34× | 0.76× | ||
| Q3 25 | 0.31× | 0.96× | ||
| Q2 25 | 0.35× | 0.94× | ||
| Q1 25 | 0.35× | 0.91× | ||
| Q4 24 | 0.38× | 0.86× | ||
| Q3 24 | 0.31× | 0.88× | ||
| Q2 24 | 0.34× | 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 | $29.1M | — |
| 自由现金流经营现金流 - 资本支出 | $24.3M | — |
| 自由现金流率自由现金流/营收 | 17.5% | — |
| 资本支出强度资本支出/营收 | 3.5% | — |
| 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 | $76.0M | — |
8季度趋势，按日历期对齐
经营现金流MGPIRBBN
| Q1 26 | — | — | ||
| Q4 25 | $29.1M | $29.2M | ||
| Q3 25 | $36.1M | $26.5M | ||
| Q2 25 | $11.7M | $-795.0K | ||
| Q1 25 | $44.7M | $-3.5M | ||
| Q4 24 | $28.8M | $61.8M | ||
| Q3 24 | $43.9M | $-14.8M | ||
| Q2 24 | $5.0M | $-9.8M |
自由现金流MGPIRBBN
| Q1 26 | — | — | ||
| Q4 25 | $24.3M | $27.3M | ||
| Q3 25 | $27.6M | $21.0M | ||
| Q2 25 | $-557.0K | $-6.5M | ||
| Q1 25 | $24.8M | $-15.7M | ||
| Q4 24 | $10.4M | $53.8M | ||
| Q3 24 | $24.5M | $-23.7M | ||
| Q2 24 | $-1.4M | $-12.9M |
自由现金流率MGPIRBBN
| Q1 26 | — | — | ||
| Q4 25 | 17.5% | 12.0% | ||
| Q3 25 | 21.1% | 9.7% | ||
| Q2 25 | -0.4% | -2.9% | ||
| Q1 25 | 20.4% | -8.7% | ||
| Q4 24 | 5.8% | 21.4% | ||
| Q3 24 | 15.2% | -11.3% | ||
| Q2 24 | -0.7% | -6.7% |
资本支出强度MGPIRBBN
| Q1 26 | — | — | ||
| Q4 25 | 3.5% | 0.9% | ||
| Q3 25 | 6.5% | 2.6% | ||
| Q2 25 | 8.4% | 2.6% | ||
| Q1 25 | 16.4% | 6.7% | ||
| Q4 24 | 10.1% | 3.2% | ||
| Q3 24 | 12.0% | 4.2% | ||
| Q2 24 | 3.3% | 1.6% |
现金转化率MGPIRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.84× | — | ||
| Q2 24 | 0.15× | — |
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
MGPI
| Branded Spirits | $63.4M | 46% |
| Ingredient Solutions | $31.3M | 23% |
| Specialty Wheat Starches | $16.8M | 12% |
| Mid Spirits | $16.1M | 12% |
| Other Branded Spirits | $8.0M | 6% |
| Commodity Wheat Starch | $2.3M | 2% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
