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National Storage Affiliates Trust（NSA）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
National Storage Affiliates Trust的季度营收约是Ribbon Communications Inc.的1.2倍（$187.0M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 12.2%，领先42.5%），National Storage Affiliates Trust同比增速更快（-1.6% vs -10.3%），过去两年National Storage Affiliates Trust的营收复合增速更高（-2.4% vs -8.1%）
National Storage Affiliates Trust是一家总部位于美国的房地产投资信托，专注于自助仓储资产，在美国数十个州持有、运营及收购自助仓储设施，为居民和商业客户提供安全的存储服务。
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。
NSA vs RBBN — 直观对比
营收规模更大
NSA
是对方的1.2倍
$162.6M
营收增速更快
NSA
高出8.7%
-10.3%
净利率更高
RBBN
高出42.5%
12.2%
两年增速更快
NSA
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $187.0M | $162.6M |
| 净利润 | $22.9M | $89.1M |
| 毛利率 | 72.5% | 42.9% |
| 营业利润率 | 20.2% | 37.6% |
| 净利率 | 12.2% | 54.8% |
| 营收同比 | -1.6% | -10.3% |
| 净利润同比 | 36.8% | — |
| 每股收益（稀释后） | $0.23 | $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NSARBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $187.0M | $227.3M | ||
| Q3 25 | $188.7M | $215.4M | ||
| Q2 25 | $188.8M | $220.6M | ||
| Q1 25 | $188.4M | $181.3M | ||
| Q4 24 | $190.1M | $251.4M | ||
| Q3 24 | $193.6M | $210.2M | ||
| Q2 24 | $190.4M | $192.6M |
净利润NSARBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $22.9M | — | ||
| Q3 25 | $18.4M | $-12.1M | ||
| Q2 25 | $19.5M | $-11.1M | ||
| Q1 25 | $13.0M | $-26.2M | ||
| Q4 24 | $16.7M | — | ||
| Q3 24 | $18.7M | $-13.4M | ||
| Q2 24 | $17.1M | $-16.8M |
毛利率NSARBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 72.5% | 53.3% | ||
| Q3 25 | 70.7% | 50.1% | ||
| Q2 25 | 70.5% | 49.6% | ||
| Q1 25 | 70.7% | 45.4% | ||
| Q4 24 | 72.5% | 55.7% | ||
| Q3 24 | 72.8% | 52.1% | ||
| Q2 24 | 72.6% | 50.8% |
营业利润率NSARBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 20.2% | 4.1% | ||
| Q3 25 | 15.8% | 1.3% | ||
| Q2 25 | 16.5% | 1.9% | ||
| Q1 25 | 11.0% | -10.8% | ||
| Q4 24 | 14.5% | 13.2% | ||
| Q3 24 | 15.8% | -0.4% | ||
| Q2 24 | 17.2% | -1.0% |
净利率NSARBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 12.2% | — | ||
| Q3 25 | 9.8% | -5.6% | ||
| Q2 25 | 10.3% | -5.0% | ||
| Q1 25 | 6.9% | -14.5% | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 9.7% | -6.4% | ||
| Q2 24 | 9.0% | -8.7% |
每股收益（稀释后）NSARBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.23 | $0.50 | ||
| Q3 25 | $0.17 | $-0.07 | ||
| Q2 25 | $0.19 | $-0.06 | ||
| Q1 25 | $0.10 | $-0.15 | ||
| Q4 24 | $0.19 | $0.05 | ||
| Q3 24 | $0.18 | $-0.08 | ||
| Q2 24 | $0.16 | $-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 | $23.3M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $946.0M | $419.1M |
| 总资产 | $5.1B | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NSARBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $23.3M | $96.4M | ||
| Q3 25 | $26.3M | $74.8M | ||
| Q2 25 | $26.1M | $60.5M | ||
| Q1 25 | $19.3M | $71.2M | ||
| Q4 24 | $50.4M | $87.8M | ||
| Q3 24 | $69.9M | $37.2M | ||
| Q2 24 | $59.0M | $64.6M |
总债务NSARBBN
| 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 |
股东权益NSARBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $946.0M | $449.0M | ||
| Q3 25 | $973.1M | $360.1M | ||
| Q2 25 | $1.0B | $370.4M | ||
| Q1 25 | $1.0B | $381.8M | ||
| Q4 24 | $1.1B | $404.6M | ||
| Q3 24 | $986.9M | $395.5M | ||
| Q2 24 | $1.2B | $405.0M |
总资产NSARBBN
| Q1 26 | — | — | ||
| Q4 25 | $5.1B | $1.2B | ||
| Q3 25 | $5.1B | $1.1B | ||
| Q2 25 | $5.2B | $1.1B | ||
| Q1 25 | $5.3B | $1.1B | ||
| Q4 24 | $5.4B | $1.2B | ||
| Q3 24 | $5.4B | $1.1B | ||
| Q2 24 | $5.3B | $1.1B |
负债/权益比NSARBBN
| 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 | $338.5M | — |
| 自由现金流经营现金流 - 资本支出 | $299.8M | — |
| 自由现金流率自由现金流/营收 | 160.3% | — |
| 资本支出强度资本支出/营收 | 20.7% | — |
| 现金转化率经营现金流/净利润 | 14.79× | — |
| 过去12个月自由现金流最近4个季度 | $541.5M | — |
8季度趋势，按日历期对齐
经营现金流NSARBBN
| Q1 26 | — | — | ||
| Q4 25 | $338.5M | $29.2M | ||
| Q3 25 | $100.2M | $26.5M | ||
| Q2 25 | $79.9M | $-795.0K | ||
| Q1 25 | $85.6M | $-3.5M | ||
| Q4 24 | $363.1M | $61.8M | ||
| Q3 24 | $105.7M | $-14.8M | ||
| Q2 24 | $83.2M | $-9.8M |
自由现金流NSARBBN
| Q1 26 | — | — | ||
| Q4 25 | $299.8M | $27.3M | ||
| Q3 25 | $88.0M | $21.0M | ||
| Q2 25 | $73.8M | $-6.5M | ||
| Q1 25 | $79.9M | $-15.7M | ||
| Q4 24 | $344.4M | $53.8M | ||
| Q3 24 | $101.8M | $-23.7M | ||
| Q2 24 | $79.5M | $-12.9M |
自由现金流率NSARBBN
| Q1 26 | — | — | ||
| Q4 25 | 160.3% | 12.0% | ||
| Q3 25 | 46.6% | 9.7% | ||
| Q2 25 | 39.1% | -2.9% | ||
| Q1 25 | 42.4% | -8.7% | ||
| Q4 24 | 181.2% | 21.4% | ||
| Q3 24 | 52.6% | -11.3% | ||
| Q2 24 | 41.7% | -6.7% |
资本支出强度NSARBBN
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 0.9% | ||
| Q3 25 | 6.5% | 2.6% | ||
| Q2 25 | 3.2% | 2.6% | ||
| Q1 25 | 3.0% | 6.7% | ||
| Q4 24 | 9.8% | 3.2% | ||
| Q3 24 | 2.0% | 4.2% | ||
| Q2 24 | 1.9% | 1.6% |
现金转化率NSARBBN
| Q1 26 | — | — | ||
| Q4 25 | 14.79× | — | ||
| Q3 25 | 5.44× | — | ||
| Q2 25 | 4.10× | — | ||
| Q1 25 | 6.59× | — | ||
| Q4 24 | 21.70× | — | ||
| Q3 24 | 5.65× | — | ||
| Q2 24 | 4.88× | — |
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
NSA
暂无分部数据
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
