vs
Ranpak Holdings Corp.（PACK）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Ranpak Holdings Corp.的1.7倍（$162.6M vs $93.7M），Ranpak Holdings Corp.同比增速更快（2.3% vs -10.3%），过去两年Ranpak Holdings Corp.的营收复合增速更高（13.7% vs -8.1%）
Ranpak Holdings Corp.主营生产防护纸质包装设备与纸制品，可为电商及各行业货品运输提供纸质缓冲包装方案，同时也供应自动化包装解决方案。公司总部位于美国俄亥俄州康科德，在美国本土多个州、捷克、荷兰、中国上海及新加坡均设有生产基地与办公室，产品可用于包裹缠绕、缓冲填隙、冷链运输等多种场景。
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。
PACK vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.7倍
$93.7M
营收增速更快
PACK
高出12.6%
-10.3%
两年增速更快
PACK
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $93.7M | $162.6M |
| 净利润 | — | $89.1M |
| 毛利率 | 39.0% | 42.9% |
| 营业利润率 | -1.0% | 37.6% |
| 净利率 | — | 54.8% |
| 营收同比 | 2.3% | -10.3% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.11 | $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PACKRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $93.7M | $227.3M | ||
| Q3 25 | $83.6M | $215.4M | ||
| Q2 25 | $77.8M | $220.6M | ||
| Q1 25 | $77.6M | $181.3M | ||
| Q4 24 | $91.6M | $251.4M | ||
| Q3 24 | $78.6M | $210.2M | ||
| Q2 24 | $72.8M | $192.6M |
净利润PACKRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | $-10.4M | $-12.1M | ||
| Q2 25 | $-7.5M | $-11.1M | ||
| Q1 25 | $-10.9M | $-26.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-8.1M | $-13.4M | ||
| Q2 24 | $5.5M | $-16.8M |
毛利率PACKRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 39.0% | 53.3% | ||
| Q3 25 | 41.1% | 50.1% | ||
| Q2 25 | 37.1% | 49.6% | ||
| Q1 25 | 39.8% | 45.4% | ||
| Q4 24 | 45.2% | 55.7% | ||
| Q3 24 | 43.8% | 52.1% | ||
| Q2 24 | 43.5% | 50.8% |
营业利润率PACKRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | -1.0% | 4.1% | ||
| Q3 25 | -6.8% | 1.3% | ||
| Q2 25 | -12.5% | 1.9% | ||
| Q1 25 | -10.3% | -10.8% | ||
| Q4 24 | 1.5% | 13.2% | ||
| Q3 24 | -5.3% | -0.4% | ||
| Q2 24 | -7.1% | -1.0% |
净利率PACKRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | -12.4% | -5.6% | ||
| Q2 25 | -9.6% | -5.0% | ||
| Q1 25 | -14.0% | -14.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | -10.3% | -6.4% | ||
| Q2 24 | 7.6% | -8.7% |
每股收益（稀释后）PACKRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-0.11 | $0.50 | ||
| Q3 25 | $-0.12 | $-0.07 | ||
| Q2 25 | $-0.09 | $-0.06 | ||
| Q1 25 | $-0.13 | $-0.15 | ||
| Q4 24 | $-0.13 | $0.05 | ||
| Q3 24 | $-0.10 | $-0.08 | ||
| Q2 24 | $0.07 | $-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 | $63.0M | $67.6M |
| 总债务越低越好 | $401.9M | — |
| 股东权益账面价值 | $534.9M | $419.1M |
| 总资产 | $1.1B | — |
| 负债/权益比越低杠杆越低 | 0.75× | — |
8季度趋势，按日历期对齐
现金及短期投资PACKRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $63.0M | $96.4M | ||
| Q3 25 | $49.9M | $74.8M | ||
| Q2 25 | $49.2M | $60.5M | ||
| Q1 25 | $65.5M | $71.2M | ||
| Q4 24 | $76.1M | $87.8M | ||
| Q3 24 | $69.5M | $37.2M | ||
| Q2 24 | $65.1M | $64.6M |
总债务PACKRBBN
| Q1 26 | — | — | ||
| Q4 25 | $401.9M | $342.1M | ||
| Q3 25 | $403.1M | $344.3M | ||
| Q2 25 | $403.1M | $346.5M | ||
| Q1 25 | $405.2M | $347.4M | ||
| Q4 24 | $406.4M | $348.3M | ||
| Q3 24 | $403.2M | $349.1M | ||
| Q2 24 | $396.1M | $350.0M |
股东权益PACKRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $534.9M | $449.0M | ||
| Q3 25 | $537.8M | $360.1M | ||
| Q2 25 | $539.0M | $370.4M | ||
| Q1 25 | $544.1M | $381.8M | ||
| Q4 24 | $548.1M | $404.6M | ||
| Q3 24 | $564.3M | $395.5M | ||
| Q2 24 | $566.2M | $405.0M |
总资产PACKRBBN
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B |
负债/权益比PACKRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 0.76× | ||
| Q3 25 | 0.75× | 0.96× | ||
| Q2 25 | 0.75× | 0.94× | ||
| Q1 25 | 0.74× | 0.91× | ||
| Q4 24 | 0.74× | 0.86× | ||
| Q3 24 | 0.71× | 0.88× | ||
| Q2 24 | 0.70× | 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 | $19.5M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流PACKRBBN
| Q1 26 | — | — | ||
| Q4 25 | $19.5M | $29.2M | ||
| Q3 25 | $8.5M | $26.5M | ||
| Q2 25 | $-3.6M | $-795.0K | ||
| Q1 25 | $-1.3M | $-3.5M | ||
| Q4 24 | $6.5M | $61.8M | ||
| Q3 24 | $10.1M | $-14.8M | ||
| Q2 24 | $19.6M | $-9.8M |
自由现金流PACKRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $27.3M | ||
| Q3 25 | — | $21.0M | ||
| Q2 25 | — | $-6.5M | ||
| Q1 25 | — | $-15.7M | ||
| Q4 24 | — | $53.8M | ||
| Q3 24 | — | $-23.7M | ||
| Q2 24 | — | $-12.9M |
自由现金流率PACKRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | -2.9% | ||
| Q1 25 | — | -8.7% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | -11.3% | ||
| Q2 24 | — | -6.7% |
资本支出强度PACKRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | — | 1.6% |
现金转化率PACKRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.56× | — |
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
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
