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ORMAT TECHNOLOGIES, INC.（ORA）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
ORMAT TECHNOLOGIES, INC.的季度营收约是Ribbon Communications Inc.的1.7倍（$276.0M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 11.4%，领先43.4%），ORMAT TECHNOLOGIES, INC.同比增速更快（19.6% vs -10.3%），过去两年ORMAT TECHNOLOGIES, INC.的营收复合增速更高（11.0% vs -8.1%）
Ormat Technologies是总部位于美国内华达州里诺的跨国企业，主打可再生地热能源技术，累计建成超190座电站，总装机容量超3200兆瓦；截至2021年1月自主运营933兆瓦地热及余热回收电站，还向全球多国供应超千台涡轮增压器。
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。
ORA vs RBBN — 直观对比
营收规模更大
ORA
是对方的1.7倍
$162.6M
营收增速更快
ORA
高出29.9%
-10.3%
净利率更高
RBBN
高出43.4%
11.4%
两年增速更快
ORA
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $276.0M | $162.6M |
| 净利润 | $31.4M | $89.1M |
| 毛利率 | 28.6% | 42.9% |
| 营业利润率 | 15.4% | 37.6% |
| 净利率 | 11.4% | 54.8% |
| 营收同比 | 19.6% | -10.3% |
| 净利润同比 | -23.2% | — |
| 每股收益（稀释后） | $0.51 | $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ORARBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $276.0M | $227.3M | ||
| Q3 25 | $249.7M | $215.4M | ||
| Q2 25 | $234.0M | $220.6M | ||
| Q1 25 | $229.8M | $181.3M | ||
| Q4 24 | $230.7M | $251.4M | ||
| Q3 24 | $211.8M | $210.2M | ||
| Q2 24 | $213.0M | $192.6M |
净利润ORARBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $31.4M | — | ||
| Q3 25 | $24.1M | $-12.1M | ||
| Q2 25 | $28.0M | $-11.1M | ||
| Q1 25 | $40.4M | $-26.2M | ||
| Q4 24 | $40.8M | — | ||
| Q3 24 | $22.1M | $-13.4M | ||
| Q2 24 | $22.2M | $-16.8M |
毛利率ORARBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 28.6% | 53.3% | ||
| Q3 25 | 25.6% | 50.1% | ||
| Q2 25 | 24.3% | 49.6% | ||
| Q1 25 | 31.7% | 45.4% | ||
| Q4 24 | 31.9% | 55.7% | ||
| Q3 24 | 27.8% | 52.1% | ||
| Q2 24 | 28.8% | 50.8% |
营业利润率ORARBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 15.4% | 4.1% | ||
| Q3 25 | 16.2% | 1.3% | ||
| Q2 25 | 15.1% | 1.9% | ||
| Q1 25 | 22.2% | -10.8% | ||
| Q4 24 | 21.3% | 13.2% | ||
| Q3 24 | 16.8% | -0.4% | ||
| Q2 24 | 16.5% | -1.0% |
净利率ORARBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 11.4% | — | ||
| Q3 25 | 9.7% | -5.6% | ||
| Q2 25 | 12.0% | -5.0% | ||
| Q1 25 | 17.6% | -14.5% | ||
| Q4 24 | 17.7% | — | ||
| Q3 24 | 10.4% | -6.4% | ||
| Q2 24 | 10.4% | -8.7% |
每股收益（稀释后）ORARBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.51 | $0.50 | ||
| Q3 25 | $0.39 | $-0.07 | ||
| Q2 25 | $0.46 | $-0.06 | ||
| Q1 25 | $0.66 | $-0.15 | ||
| Q4 24 | $0.67 | $0.05 | ||
| Q3 24 | $0.36 | $-0.08 | ||
| Q2 24 | $0.37 | $-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 | $147.4M | $67.6M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $2.5B | $419.1M |
| 总资产 | $6.2B | — |
| 负债/权益比越低杠杆越低 | 1.05× | — |
8季度趋势，按日历期对齐
现金及短期投资ORARBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $147.4M | $96.4M | ||
| Q3 25 | $79.6M | $74.8M | ||
| Q2 25 | $88.5M | $60.5M | ||
| Q1 25 | $112.7M | $71.2M | ||
| Q4 24 | $94.4M | $87.8M | ||
| Q3 24 | $88.1M | $37.2M | ||
| Q2 24 | $66.3M | $64.6M |
总债务ORARBBN
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $342.1M | ||
| Q3 25 | — | $344.3M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $347.4M | ||
| Q4 24 | $2.3B | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
股东权益ORARBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $2.5B | $449.0M | ||
| Q3 25 | $2.5B | $360.1M | ||
| Q2 25 | $2.5B | $370.4M | ||
| Q1 25 | $2.5B | $381.8M | ||
| Q4 24 | $2.4B | $404.6M | ||
| Q3 24 | $2.4B | $395.5M | ||
| Q2 24 | $2.4B | $405.0M |
总资产ORARBBN
| Q1 26 | — | — | ||
| Q4 25 | $6.2B | $1.2B | ||
| Q3 25 | $6.1B | $1.1B | ||
| Q2 25 | $6.0B | $1.1B | ||
| Q1 25 | $5.8B | $1.1B | ||
| Q4 24 | $5.7B | $1.2B | ||
| Q3 24 | $5.6B | $1.1B | ||
| Q2 24 | $5.5B | $1.1B |
负债/权益比ORARBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.05× | 0.76× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | 0.97× | 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 | $105.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-40.0M | — |
| 自由现金流率自由现金流/营收 | -14.5% | — |
| 资本支出强度资本支出/营收 | 52.6% | — |
| 现金转化率经营现金流/净利润 | 3.35× | — |
| 过去12个月自由现金流最近4个季度 | $-284.7M | — |
8季度趋势，按日历期对齐
经营现金流ORARBBN
| Q1 26 | — | — | ||
| Q4 25 | $105.0M | $29.2M | ||
| Q3 25 | $45.2M | $26.5M | ||
| Q2 25 | $96.9M | $-795.0K | ||
| Q1 25 | $88.0M | $-3.5M | ||
| Q4 24 | $158.6M | $61.8M | ||
| Q3 24 | $106.4M | $-14.8M | ||
| Q2 24 | $30.7M | $-9.8M |
自由现金流ORARBBN
| Q1 26 | — | — | ||
| Q4 25 | $-40.0M | $27.3M | ||
| Q3 25 | $-102.1M | $21.0M | ||
| Q2 25 | $-37.9M | $-6.5M | ||
| Q1 25 | $-104.6M | $-15.7M | ||
| Q4 24 | $30.9M | $53.8M | ||
| Q3 24 | $-3.3M | $-23.7M | ||
| Q2 24 | $-116.1M | $-12.9M |
自由现金流率ORARBBN
| Q1 26 | — | — | ||
| Q4 25 | -14.5% | 12.0% | ||
| Q3 25 | -40.9% | 9.7% | ||
| Q2 25 | -16.2% | -2.9% | ||
| Q1 25 | -45.5% | -8.7% | ||
| Q4 24 | 13.4% | 21.4% | ||
| Q3 24 | -1.6% | -11.3% | ||
| Q2 24 | -54.5% | -6.7% |
资本支出强度ORARBBN
| Q1 26 | — | — | ||
| Q4 25 | 52.6% | 0.9% | ||
| Q3 25 | 59.0% | 2.6% | ||
| Q2 25 | 57.6% | 2.6% | ||
| Q1 25 | 83.8% | 6.7% | ||
| Q4 24 | 55.4% | 3.2% | ||
| Q3 24 | 51.8% | 4.2% | ||
| Q2 24 | 69.0% | 1.6% |
现金转化率ORARBBN
| Q1 26 | — | — | ||
| Q4 25 | 3.35× | — | ||
| Q3 25 | 1.87× | — | ||
| Q2 25 | 3.45× | — | ||
| Q1 25 | 2.18× | — | ||
| Q4 24 | 3.89× | — | ||
| Q3 24 | 4.82× | — | ||
| Q2 24 | 1.38× | — |
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
ORA
| Electricity | $186.6M | 68% |
| Products | $63.1M | 23% |
| Energy Storage Segment | $26.3M | 10% |
| Product Segment | $1.2M | 0% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
