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PAMT CORP（PAMT）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PAMT CORP的1.2倍（$162.6M vs $141.3M），Ribbon Communications Inc.净利率更高（54.8% vs -20.7%，领先75.5%），Ribbon Communications Inc.同比增速更快（-10.3% vs -15.1%），过去两年Ribbon Communications Inc.的营收复合增速更高（-8.1% vs -12.0%）
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。
PAMT vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.2倍
$141.3M
营收增速更快
RBBN
高出4.8%
-15.1%
净利率更高
RBBN
高出75.5%
-20.7%
两年增速更快
RBBN
近两年复合增速
-12.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $141.3M | $162.6M |
| 净利润 | $-29.3M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | -27.0% | 37.6% |
| 净利率 | -20.7% | 54.8% |
| 营收同比 | -15.1% | -10.3% |
| 净利润同比 | 7.4% | — |
| 每股收益（稀释后） | $-1.38 | $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PAMTRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $141.3M | $227.3M | ||
| Q3 25 | $150.3M | $215.4M | ||
| Q2 25 | $151.1M | $220.6M | ||
| Q1 25 | $155.3M | $181.3M | ||
| Q4 24 | $166.5M | $251.4M | ||
| Q3 24 | $182.6M | $210.2M | ||
| Q2 24 | $182.9M | $192.6M |
净利润PAMTRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $-29.3M | — | ||
| Q3 25 | $-5.6M | $-12.1M | ||
| Q2 25 | $-9.6M | $-11.1M | ||
| Q1 25 | $-8.1M | $-26.2M | ||
| Q4 24 | $-31.6M | — | ||
| Q3 24 | $2.4M | $-13.4M | ||
| Q2 24 | $-2.9M | $-16.8M |
毛利率PAMTRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | — | 53.3% | ||
| Q3 25 | — | 50.1% | ||
| Q2 25 | — | 49.6% | ||
| Q1 25 | — | 45.4% | ||
| Q4 24 | — | 55.7% | ||
| Q3 24 | — | 52.1% | ||
| Q2 24 | — | 50.8% |
营业利润率PAMTRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | -27.0% | 4.1% | ||
| Q3 25 | -3.8% | 1.3% | ||
| Q2 25 | -7.3% | 1.9% | ||
| Q1 25 | -5.9% | -10.8% | ||
| Q4 24 | -22.6% | 13.2% | ||
| Q3 24 | 1.3% | -0.4% | ||
| Q2 24 | -0.4% | -1.0% |
净利率PAMTRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | -20.7% | — | ||
| Q3 25 | -3.7% | -5.6% | ||
| Q2 25 | -6.4% | -5.0% | ||
| Q1 25 | -5.2% | -14.5% | ||
| Q4 24 | -19.0% | — | ||
| Q3 24 | 1.3% | -6.4% | ||
| Q2 24 | -1.6% | -8.7% |
每股收益（稀释后）PAMTRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-1.38 | $0.50 | ||
| Q3 25 | $-0.27 | $-0.07 | ||
| Q2 25 | $-0.46 | $-0.06 | ||
| Q1 25 | $-0.37 | $-0.15 | ||
| Q4 24 | $-1.44 | $0.05 | ||
| Q3 24 | $0.11 | $-0.08 | ||
| Q2 24 | $-0.13 | $-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 | $83.7M | $67.6M |
| 总债务越低越好 | $333.9M | — |
| 股东权益账面价值 | $210.5M | $419.1M |
| 总资产 | $697.9M | — |
| 负债/权益比越低杠杆越低 | 1.59× | — |
8季度趋势，按日历期对齐
现金及短期投资PAMTRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $83.7M | $96.4M | ||
| Q3 25 | $115.6M | $74.8M | ||
| Q2 25 | $117.3M | $60.5M | ||
| Q1 25 | $102.7M | $71.2M | ||
| Q4 24 | $110.7M | $87.8M | ||
| Q3 24 | $92.3M | $37.2M | ||
| Q2 24 | $114.0M | $64.6M |
总债务PAMTRBBN
| Q1 26 | — | — | ||
| Q4 25 | $333.9M | $342.1M | ||
| Q3 25 | — | $344.3M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $347.4M | ||
| Q4 24 | $325.6M | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
股东权益PAMTRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $210.5M | $449.0M | ||
| Q3 25 | $239.5M | $360.1M | ||
| Q2 25 | $244.9M | $370.4M | ||
| Q1 25 | $269.6M | $381.8M | ||
| Q4 24 | $277.5M | $404.6M | ||
| Q3 24 | $308.9M | $395.5M | ||
| Q2 24 | $306.7M | $405.0M |
总资产PAMTRBBN
| Q1 26 | — | — | ||
| Q4 25 | $697.9M | $1.2B | ||
| Q3 25 | $715.2M | $1.1B | ||
| Q2 25 | $707.9M | $1.1B | ||
| Q1 25 | $712.6M | $1.1B | ||
| Q4 24 | $741.7M | $1.2B | ||
| Q3 24 | $756.7M | $1.1B | ||
| Q2 24 | $733.5M | $1.1B |
负债/权益比PAMTRBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.59× | 0.76× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | 1.17× | 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 | $-5.8M | — |
| 自由现金流经营现金流 - 资本支出 | $-25.0M | — |
| 自由现金流率自由现金流/营收 | -17.7% | — |
| 资本支出强度资本支出/营收 | 13.6% | — |
| 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 | $-23.4M | — |
8季度趋势，按日历期对齐
经营现金流PAMTRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-5.8M | $29.2M | ||
| Q3 25 | $5.9M | $26.5M | ||
| Q2 25 | $12.2M | $-795.0K | ||
| Q1 25 | $5.0M | $-3.5M | ||
| Q4 24 | $15.2M | $61.8M | ||
| Q3 24 | $15.5M | $-14.8M | ||
| Q2 24 | $18.7M | $-9.8M |
自由现金流PAMTRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-25.0M | $27.3M | ||
| Q3 25 | $2.5M | $21.0M | ||
| Q2 25 | $5.9M | $-6.5M | ||
| Q1 25 | $-6.8M | $-15.7M | ||
| Q4 24 | $-39.9M | $53.8M | ||
| Q3 24 | $-33.6M | $-23.7M | ||
| Q2 24 | $4.1M | $-12.9M |
自由现金流率PAMTRBBN
| Q1 26 | — | — | ||
| Q4 25 | -17.7% | 12.0% | ||
| Q3 25 | 1.7% | 9.7% | ||
| Q2 25 | 3.9% | -2.9% | ||
| Q1 25 | -4.4% | -8.7% | ||
| Q4 24 | -24.0% | 21.4% | ||
| Q3 24 | -18.4% | -11.3% | ||
| Q2 24 | 2.2% | -6.7% |
资本支出强度PAMTRBBN
| Q1 26 | — | — | ||
| Q4 25 | 13.6% | 0.9% | ||
| Q3 25 | 2.3% | 2.6% | ||
| Q2 25 | 4.2% | 2.6% | ||
| Q1 25 | 7.6% | 6.7% | ||
| Q4 24 | 33.1% | 3.2% | ||
| Q3 24 | 26.9% | 4.2% | ||
| Q2 24 | 8.0% | 1.6% |
现金转化率PAMTRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.44× | — | ||
| 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
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
