vs
微策略（MSTR）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.的季度营收约是微策略的1.3倍（$162.6M vs $123.0M），微策略同比增速更快（1.9% vs -10.3%），过去两年微策略的营收复合增速更高（3.3% vs -8.1%）
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
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。
MSTR vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.3倍
$123.0M
营收增速更快
MSTR
高出12.2%
-10.3%
两年增速更快
MSTR
近两年复合增速
-8.1%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $123.0M | $162.6M |
| 净利润 | — | $89.1M |
| 毛利率 | 66.1% | 42.9% |
| 营业利润率 | — | 37.6% |
| 净利率 | — | 54.8% |
| 营收同比 | 1.9% | -10.3% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | $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MSTRRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $123.0M | $227.3M | ||
| Q3 25 | $128.7M | $215.4M | ||
| Q2 25 | $114.5M | $220.6M | ||
| Q1 25 | $111.1M | $181.3M | ||
| Q4 24 | $120.7M | $251.4M | ||
| Q3 24 | $116.1M | $210.2M | ||
| Q2 24 | $111.4M | $192.6M |
净利润MSTRRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | $2.8B | $-12.1M | ||
| Q2 25 | $10.0B | $-11.1M | ||
| Q1 25 | $-4.2B | $-26.2M | ||
| Q4 24 | $-670.8M | — | ||
| Q3 24 | $-340.2M | $-13.4M | ||
| Q2 24 | $-102.6M | $-16.8M |
毛利率MSTRRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 66.1% | 53.3% | ||
| Q3 25 | 70.5% | 50.1% | ||
| Q2 25 | 68.8% | 49.6% | ||
| Q1 25 | 69.4% | 45.4% | ||
| Q4 24 | 71.7% | 55.7% | ||
| Q3 24 | 70.4% | 52.1% | ||
| Q2 24 | 72.2% | 50.8% |
营业利润率MSTRRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | -5331.4% | -10.8% | ||
| Q4 24 | -842.1% | 13.2% | ||
| Q3 24 | -372.7% | -0.4% | ||
| Q2 24 | -179.7% | -1.0% |
净利率MSTRRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | 2164.1% | -5.6% | ||
| Q2 25 | 8752.7% | -5.0% | ||
| Q1 25 | -3797.2% | -14.5% | ||
| Q4 24 | -555.8% | — | ||
| Q3 24 | -293.1% | -6.4% | ||
| Q2 24 | -92.0% | -8.7% |
每股收益（稀释后）MSTRRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | — | $0.50 | ||
| Q3 25 | $8.42 | $-0.07 | ||
| Q2 25 | $32.60 | $-0.06 | ||
| Q1 25 | $-16.49 | $-0.15 | ||
| Q4 24 | $4.49 | $0.05 | ||
| Q3 24 | $-1.72 | $-0.08 | ||
| Q2 24 | $-0.57 | $-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 | $2.3B | $67.6M |
| 总债务越低越好 | $8.2B | — |
| 股东权益账面价值 | $44.1B | $419.1M |
| 总资产 | $61.6B | — |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资MSTRRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $2.3B | $96.4M | ||
| Q3 25 | $54.3M | $74.8M | ||
| Q2 25 | $50.1M | $60.5M | ||
| Q1 25 | $60.3M | $71.2M | ||
| Q4 24 | $38.1M | $87.8M | ||
| Q3 24 | $46.3M | $37.2M | ||
| Q2 24 | $66.9M | $64.6M |
总债务MSTRRBBN
| Q1 26 | — | — | ||
| Q4 25 | $8.2B | $342.1M | ||
| Q3 25 | $8.2B | $344.3M | ||
| Q2 25 | $8.2B | $346.5M | ||
| Q1 25 | $8.1B | $347.4M | ||
| Q4 24 | $7.2B | $348.3M | ||
| Q3 24 | $4.2B | $349.1M | ||
| Q2 24 | $3.8B | $350.0M |
股东权益MSTRRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $44.1B | $449.0M | ||
| Q3 25 | $52.3B | $360.1M | ||
| Q2 25 | $47.5B | $370.4M | ||
| Q1 25 | $32.2B | $381.8M | ||
| Q4 24 | $18.2B | $404.6M | ||
| Q3 24 | $3.8B | $395.5M | ||
| Q2 24 | $2.8B | $405.0M |
总资产MSTRRBBN
| Q1 26 | — | — | ||
| Q4 25 | $61.6B | $1.2B | ||
| Q3 25 | $73.6B | $1.1B | ||
| Q2 25 | $64.8B | $1.1B | ||
| Q1 25 | $43.9B | $1.1B | ||
| Q4 24 | $25.8B | $1.2B | ||
| Q3 24 | $8.3B | $1.1B | ||
| Q2 24 | $7.1B | $1.1B |
负债/权益比MSTRRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | 0.76× | ||
| Q3 25 | 0.16× | 0.96× | ||
| Q2 25 | 0.17× | 0.94× | ||
| Q1 25 | 0.25× | 0.91× | ||
| Q4 24 | 0.39× | 0.86× | ||
| Q3 24 | 1.12× | 0.88× | ||
| Q2 24 | 1.36× | 0.86× |
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
MSTR
暂无分部数据
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
