vs
OneSpan Inc.（OSPN）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OneSpan Inc.的2.6倍（$162.6M vs $62.9M），OneSpan Inc.净利率更高（69.2% vs 54.8%，领先14.4%），OneSpan Inc.同比增速更快（2.9% vs -10.3%），过去两年OneSpan Inc.的营收复合增速更高（-1.5% vs -8.1%）
OneSpan Inc.是一家总部位于美国马萨诸塞州波士顿的信息安全企业，核心业务涵盖网络欺诈防御平台搭建、多因素身份验证工具提供以及电子签名软件开发，为各类机构提供专业的数字安全与身份合规管理解决方案。
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。
OSPN vs RBBN — 直观对比
营收规模更大
RBBN
是对方的2.6倍
$62.9M
营收增速更快
OSPN
高出13.2%
-10.3%
净利率更高
OSPN
高出14.4%
54.8%
两年增速更快
OSPN
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $62.9M | $162.6M |
| 净利润 | $43.5M | $89.1M |
| 毛利率 | 73.6% | 42.9% |
| 营业利润率 | 19.9% | — |
| 净利率 | 69.2% | 54.8% |
| 营收同比 | 2.9% | -10.3% |
| 净利润同比 | 51.3% | — |
| 每股收益（稀释后） | $1.13 | $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OSPNRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $62.9M | $227.3M | ||
| Q3 25 | $57.1M | $215.4M | ||
| Q2 25 | $59.8M | $220.6M | ||
| Q1 25 | $63.4M | $181.3M | ||
| Q4 24 | $61.2M | $251.4M | ||
| Q3 24 | $56.2M | $210.2M | ||
| Q2 24 | $60.9M | $192.6M |
净利润OSPNRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $43.5M | — | ||
| Q3 25 | $6.5M | $-12.1M | ||
| Q2 25 | $8.3M | $-11.1M | ||
| Q1 25 | $14.5M | $-26.2M | ||
| Q4 24 | $28.8M | — | ||
| Q3 24 | $8.3M | $-13.4M | ||
| Q2 24 | $6.6M | $-16.8M |
毛利率OSPNRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 73.6% | 53.3% | ||
| Q3 25 | 73.6% | 50.1% | ||
| Q2 25 | 73.5% | 49.6% | ||
| Q1 25 | 74.3% | 45.4% | ||
| Q4 24 | 74.0% | 55.7% | ||
| Q3 24 | 73.9% | 52.1% | ||
| Q2 24 | 66.2% | 50.8% |
营业利润率OSPNRBBN
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | 4.1% | ||
| Q3 25 | 14.4% | 1.3% | ||
| Q2 25 | 17.6% | 1.9% | ||
| Q1 25 | 27.1% | -10.8% | ||
| Q4 24 | 19.3% | 13.2% | ||
| Q3 24 | 20.0% | -0.4% | ||
| Q2 24 | 12.5% | -1.0% |
净利率OSPNRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 69.2% | — | ||
| Q3 25 | 11.4% | -5.6% | ||
| Q2 25 | 13.9% | -5.0% | ||
| Q1 25 | 22.9% | -14.5% | ||
| Q4 24 | 47.1% | — | ||
| Q3 24 | 14.7% | -6.4% | ||
| Q2 24 | 10.8% | -8.7% |
每股收益（稀释后）OSPNRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $1.13 | $0.50 | ||
| Q3 25 | $0.17 | $-0.07 | ||
| Q2 25 | $0.21 | $-0.06 | ||
| Q1 25 | $0.37 | $-0.15 | ||
| Q4 24 | $0.73 | $0.05 | ||
| Q3 24 | $0.21 | $-0.08 | ||
| Q2 24 | $0.17 | $-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 | $70.5M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $271.8M | $419.1M |
| 总资产 | $397.7M | — |
| 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OSPNRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $70.5M | $96.4M | ||
| Q3 25 | $85.6M | $74.8M | ||
| Q2 25 | $92.9M | $60.5M | ||
| Q1 25 | $105.2M | $71.2M | ||
| Q4 24 | $83.2M | $87.8M | ||
| Q3 24 | $77.5M | $37.2M | ||
| Q2 24 | $63.8M | $64.6M |
总债务OSPNRBBN
| 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OSPNRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $271.8M | $449.0M | ||
| Q3 25 | $238.3M | $360.1M | ||
| Q2 25 | $242.5M | $370.4M | ||
| Q1 25 | $231.1M | $381.8M | ||
| Q4 24 | $212.5M | $404.6M | ||
| Q3 24 | $194.6M | $395.5M | ||
| Q2 24 | $178.6M | $405.0M |
总资产OSPNRBBN
| Q1 26 | — | — | ||
| Q4 25 | $397.7M | $1.2B | ||
| Q3 25 | $343.5M | $1.1B | ||
| Q2 25 | $357.1M | $1.1B | ||
| Q1 25 | $333.8M | $1.1B | ||
| Q4 24 | $338.7M | $1.2B | ||
| Q3 24 | $289.3M | $1.1B | ||
| Q2 24 | $286.9M | $1.1B |
负债/权益比OSPNRBBN
| 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 | $12.6M | — |
| 自由现金流经营现金流 - 资本支出 | $9.6M | — |
| 自由现金流率自由现金流/营收 | 15.3% | — |
| 资本支出强度资本支出/营收 | 4.7% | — |
| 现金转化率经营现金流/净利润 | 0.29× | — |
| 过去12个月自由现金流最近4个季度 | $50.5M | — |
8季度趋势，按日历期对齐
经营现金流OSPNRBBN
| Q1 26 | — | — | ||
| Q4 25 | $12.6M | $29.2M | ||
| Q3 25 | $11.3M | $26.5M | ||
| Q2 25 | $6.2M | $-795.0K | ||
| Q1 25 | $29.4M | $-3.5M | ||
| Q4 24 | $12.4M | $61.8M | ||
| Q3 24 | $14.0M | $-14.8M | ||
| Q2 24 | $2.3M | $-9.8M |
自由现金流OSPNRBBN
| Q1 26 | — | — | ||
| Q4 25 | $9.6M | $27.3M | ||
| Q3 25 | $8.8M | $21.0M | ||
| Q2 25 | $4.4M | $-6.5M | ||
| Q1 25 | $27.7M | $-15.7M | ||
| Q4 24 | $10.5M | $53.8M | ||
| Q3 24 | $12.0M | $-23.7M | ||
| Q2 24 | $26.0K | $-12.9M |
自由现金流率OSPNRBBN
| Q1 26 | — | — | ||
| Q4 25 | 15.3% | 12.0% | ||
| Q3 25 | 15.4% | 9.7% | ||
| Q2 25 | 7.3% | -2.9% | ||
| Q1 25 | 43.8% | -8.7% | ||
| Q4 24 | 17.1% | 21.4% | ||
| Q3 24 | 21.4% | -11.3% | ||
| Q2 24 | 0.0% | -6.7% |
资本支出强度OSPNRBBN
| Q1 26 | — | — | ||
| Q4 25 | 4.7% | 0.9% | ||
| Q3 25 | 4.4% | 2.6% | ||
| Q2 25 | 3.1% | 2.6% | ||
| Q1 25 | 2.6% | 6.7% | ||
| Q4 24 | 3.2% | 3.2% | ||
| Q3 24 | 3.5% | 4.2% | ||
| Q2 24 | 3.7% | 1.6% |
现金转化率OSPNRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.29× | — | ||
| Q3 25 | 1.74× | — | ||
| Q2 25 | 0.75× | — | ||
| Q1 25 | 2.02× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 0.35× | — |
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
OSPN
| Transferred At Point In Time | $32.7M | 52% |
| Subscription | $21.1M | 34% |
| Maintenance Support And Other | $9.2M | 15% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
