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NETSCOUT SYSTEMS INC（NTCT）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
NETSCOUT SYSTEMS INC的季度营收约是Ribbon Communications Inc.的1.5倍（$250.7M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 22.0%，领先32.8%），NETSCOUT SYSTEMS INC同比增速更快（-0.5% vs -10.3%），过去两年NETSCOUT SYSTEMS INC的营收复合增速更高（11.0% vs -8.1%）
NETSCOUT SYSTEMS INC是美国科技企业，1984年由阿尼尔·辛哈尔与纳伦德拉·波帕特创立，前身为Frontier Software，总部位于马萨诸塞州韦斯特福德。公司专注于软件可观测性、深度数据包检测、DDoS防护及AIOps领域，为客户提供相关技术解决方案。
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。
NTCT vs RBBN — 直观对比
营收规模更大
NTCT
是对方的1.5倍
$162.6M
营收增速更快
NTCT
高出9.8%
-10.3%
净利率更高
RBBN
高出32.8%
22.0%
两年增速更快
NTCT
近两年复合增速
-8.1%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $250.7M | $162.6M |
| 净利润 | $55.1M | $89.1M |
| 毛利率 | 81.6% | 42.9% |
| 营业利润率 | 25.7% | — |
| 净利率 | 22.0% | 54.8% |
| 营收同比 | -0.5% | -10.3% |
| 净利润同比 | 13.0% | — |
| 每股收益（稀释后） | $0.75 | $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NTCTRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $250.7M | $227.3M | ||
| Q3 25 | $219.0M | $215.4M | ||
| Q2 25 | $186.7M | $220.6M | ||
| Q1 25 | $205.0M | $181.3M | ||
| Q4 24 | $252.0M | $251.4M | ||
| Q3 24 | $191.1M | $210.2M | ||
| Q2 24 | $174.6M | $192.6M |
净利润NTCTRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $55.1M | — | ||
| Q3 25 | $25.8M | $-12.1M | ||
| Q2 25 | $-3.7M | $-11.1M | ||
| Q1 25 | $18.6M | $-26.2M | ||
| Q4 24 | $48.8M | — | ||
| Q3 24 | $9.0M | $-13.4M | ||
| Q2 24 | $-443.4M | $-16.8M |
毛利率NTCTRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 81.6% | 53.3% | ||
| Q3 25 | 80.1% | 50.1% | ||
| Q2 25 | 76.7% | 49.6% | ||
| Q1 25 | 77.7% | 45.4% | ||
| Q4 24 | 81.5% | 55.7% | ||
| Q3 24 | 78.0% | 52.1% | ||
| Q2 24 | 74.6% | 50.8% |
营业利润率NTCTRBBN
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 4.1% | ||
| Q3 25 | 14.8% | 1.3% | ||
| Q2 25 | -3.5% | 1.9% | ||
| Q1 25 | 9.7% | -10.8% | ||
| Q4 24 | 24.5% | 13.2% | ||
| Q3 24 | 7.4% | -0.4% | ||
| Q2 24 | -265.4% | -1.0% |
净利率NTCTRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 22.0% | — | ||
| Q3 25 | 11.8% | -5.6% | ||
| Q2 25 | -2.0% | -5.0% | ||
| Q1 25 | 9.1% | -14.5% | ||
| Q4 24 | 19.4% | — | ||
| Q3 24 | 4.7% | -6.4% | ||
| Q2 24 | -254.0% | -8.7% |
每股收益（稀释后）NTCTRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.75 | $0.50 | ||
| Q3 25 | $0.35 | $-0.07 | ||
| Q2 25 | $-0.05 | $-0.06 | ||
| Q1 25 | $0.28 | $-0.15 | ||
| Q4 24 | $0.67 | $0.05 | ||
| Q3 24 | $0.13 | $-0.08 | ||
| Q2 24 | $-6.20 | $-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 | $540.6M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $419.1M |
| 总资产 | $2.3B | — |
| 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NTCTRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $540.6M | $96.4M | ||
| Q3 25 | $483.4M | $74.8M | ||
| Q2 25 | $489.6M | $60.5M | ||
| Q1 25 | $457.4M | $71.2M | ||
| Q4 24 | $398.4M | $87.8M | ||
| Q3 24 | $363.4M | $37.2M | ||
| Q2 24 | $362.2M | $64.6M |
总债务NTCTRBBN
| 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NTCTRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $1.6B | $449.0M | ||
| Q3 25 | $1.6B | $360.1M | ||
| Q2 25 | $1.5B | $370.4M | ||
| Q1 25 | $1.6B | $381.8M | ||
| Q4 24 | $1.5B | $404.6M | ||
| Q3 24 | $1.5B | $395.5M | ||
| Q2 24 | $1.4B | $405.0M |
总资产NTCTRBBN
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.2B | $1.1B | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $2.1B | $1.1B |
负债/权益比NTCTRBBN
| 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 | $62.1M | — |
| 自由现金流经营现金流 - 资本支出 | $59.3M | — |
| 自由现金流率自由现金流/营收 | 23.6% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | 1.13× | — |
| 过去12个月自由现金流最近4个季度 | $275.5M | — |
8季度趋势，按日历期对齐
经营现金流NTCTRBBN
| Q1 26 | — | — | ||
| Q4 25 | $62.1M | $29.2M | ||
| Q3 25 | $6.7M | $26.5M | ||
| Q2 25 | $73.6M | $-795.0K | ||
| Q1 25 | $141.5M | $-3.5M | ||
| Q4 24 | $41.5M | $61.8M | ||
| Q3 24 | $-3.7M | $-14.8M | ||
| Q2 24 | $38.4M | $-9.8M |
自由现金流NTCTRBBN
| Q1 26 | — | — | ||
| Q4 25 | $59.3M | $27.3M | ||
| Q3 25 | $4.4M | $21.0M | ||
| Q2 25 | $71.7M | $-6.5M | ||
| Q1 25 | $140.1M | $-15.7M | ||
| Q4 24 | $39.6M | $53.8M | ||
| Q3 24 | $-4.6M | $-23.7M | ||
| Q2 24 | $37.2M | $-12.9M |
自由现金流率NTCTRBBN
| Q1 26 | — | — | ||
| Q4 25 | 23.6% | 12.0% | ||
| Q3 25 | 2.0% | 9.7% | ||
| Q2 25 | 38.4% | -2.9% | ||
| Q1 25 | 68.4% | -8.7% | ||
| Q4 24 | 15.7% | 21.4% | ||
| Q3 24 | -2.4% | -11.3% | ||
| Q2 24 | 21.3% | -6.7% |
资本支出强度NTCTRBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 0.9% | ||
| Q3 25 | 1.0% | 2.6% | ||
| Q2 25 | 1.0% | 2.6% | ||
| Q1 25 | 0.7% | 6.7% | ||
| Q4 24 | 0.7% | 3.2% | ||
| Q3 24 | 0.5% | 4.2% | ||
| Q2 24 | 0.7% | 1.6% |
现金转化率NTCTRBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.13× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 7.60× | — | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | -0.41× | — | ||
| 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
NTCT
| Services | $129.0M | 51% |
| Products | $121.7M | 49% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
