vs
PAR TECHNOLOGY CORP（PAR）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PAR TECHNOLOGY CORP的1.4倍（$162.6M vs $120.1M），PAR TECHNOLOGY CORP同比增速更快（14.4% vs -10.3%），过去两年PAR TECHNOLOGY CORP的营收复合增速更高（30.9% vs -8.1%）
PAR科技公司是全球领先的销售点系统、餐饮酒店管理软件及集成技术解决方案提供商，核心业务覆盖餐饮服务、酒店文旅及政府安防领域，为各类规模客户提供云端工具以简化运营、提升消费体验与经营效率。
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。
PAR vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.4倍
$120.1M
营收增速更快
PAR
高出24.7%
-10.3%
两年增速更快
PAR
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $120.1M | $162.6M |
| 净利润 | — | $89.1M |
| 毛利率 | 41.2% | 42.9% |
| 营业利润率 | -15.0% | 37.6% |
| 净利率 | — | 54.8% |
| 营收同比 | 14.4% | -10.3% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.52 | $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PARRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $120.1M | $227.3M | ||
| Q3 25 | $119.2M | $215.4M | ||
| Q2 25 | $112.4M | $220.6M | ||
| Q1 25 | $103.9M | $181.3M | ||
| Q4 24 | $105.0M | $251.4M | ||
| Q3 24 | $96.8M | $210.2M | ||
| Q2 24 | $78.2M | $192.6M |
净利润PARRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | $-18.2M | $-12.1M | ||
| Q2 25 | $-21.0M | $-11.1M | ||
| Q1 25 | $-24.4M | $-26.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-19.8M | $-13.4M | ||
| Q2 24 | $54.2M | $-16.8M |
毛利率PARRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 41.2% | 53.3% | ||
| Q3 25 | 41.3% | 50.1% | ||
| Q2 25 | 45.4% | 49.6% | ||
| Q1 25 | 46.5% | 45.4% | ||
| Q4 24 | 42.9% | 55.7% | ||
| Q3 24 | 44.5% | 52.1% | ||
| Q2 24 | 41.0% | 50.8% |
营业利润率PARRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | -15.0% | 4.1% | ||
| Q3 25 | -14.8% | 1.3% | ||
| Q2 25 | -15.4% | 1.9% | ||
| Q1 25 | -15.2% | -10.8% | ||
| Q4 24 | -15.6% | 13.2% | ||
| Q3 24 | -15.7% | -0.4% | ||
| Q2 24 | -26.5% | -1.0% |
净利率PARRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | -15.3% | -5.6% | ||
| Q2 25 | -18.7% | -5.0% | ||
| Q1 25 | -23.4% | -14.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | -20.5% | -6.4% | ||
| Q2 24 | 69.3% | -8.7% |
每股收益（稀释后）PARRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-0.52 | $0.50 | ||
| Q3 25 | $-0.45 | $-0.07 | ||
| Q2 25 | $-0.52 | $-0.06 | ||
| Q1 25 | $-0.60 | $-0.15 | ||
| Q4 24 | $-0.56 | $0.05 | ||
| Q3 24 | $-0.56 | $-0.08 | ||
| Q2 24 | $1.60 | $-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 | $80.1M | $67.6M |
| 总债务越低越好 | $394.0M | — |
| 股东权益账面价值 | $825.1M | $419.1M |
| 总资产 | $1.4B | — |
| 负债/权益比越低杠杆越低 | 0.48× | — |
8季度趋势，按日历期对齐
现金及短期投资PARRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $80.1M | $96.4M | ||
| Q3 25 | $93.0M | $74.8M | ||
| Q2 25 | $85.7M | $60.5M | ||
| Q1 25 | $92.2M | $71.2M | ||
| Q4 24 | $108.6M | $87.8M | ||
| Q3 24 | $118.4M | $37.2M | ||
| Q2 24 | $142.5M | $64.6M |
总债务PARRBBN
| Q1 26 | — | — | ||
| Q4 25 | $394.0M | $342.1M | ||
| Q3 25 | $393.4M | $344.3M | ||
| Q2 25 | $392.8M | $346.5M | ||
| Q1 25 | $392.3M | $347.4M | ||
| Q4 24 | $368.4M | $348.3M | ||
| Q3 24 | $466.7M | $349.1M | ||
| Q2 24 | $378.7M | $350.0M |
股东权益PARRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $825.1M | $449.0M | ||
| Q3 25 | $838.0M | $360.1M | ||
| Q2 25 | $859.1M | $370.4M | ||
| Q1 25 | $852.0M | $381.8M | ||
| Q4 24 | $871.7M | $404.6M | ||
| Q3 24 | $692.7M | $395.5M | ||
| Q2 24 | $588.3M | $405.0M |
总资产PARRBBN
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B |
负债/权益比PARRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.48× | 0.76× | ||
| Q3 25 | 0.47× | 0.96× | ||
| Q2 25 | 0.46× | 0.94× | ||
| Q1 25 | 0.46× | 0.91× | ||
| Q4 24 | 0.42× | 0.86× | ||
| Q3 24 | 0.67× | 0.88× | ||
| Q2 24 | 0.64× | 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 | $-11.8M | — |
| 自由现金流经营现金流 - 资本支出 | $-12.5M | — |
| 自由现金流率自由现金流/营收 | -10.4% | — |
| 资本支出强度资本支出/营收 | 0.7% | — |
| 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 | $-30.5M | — |
8季度趋势，按日历期对齐
经营现金流PARRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-11.8M | $29.2M | ||
| Q3 25 | $8.4M | $26.5M | ||
| Q2 25 | $-6.6M | $-795.0K | ||
| Q1 25 | $-17.2M | $-3.5M | ||
| Q4 24 | $3.4M | $61.8M | ||
| Q3 24 | $8.8M | $-14.8M | ||
| Q2 24 | $-13.8M | $-9.8M |
自由现金流PARRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-12.5M | $27.3M | ||
| Q3 25 | $7.0M | $21.0M | ||
| Q2 25 | $-7.4M | $-6.5M | ||
| Q1 25 | $-17.6M | $-15.7M | ||
| Q4 24 | $3.2M | $53.8M | ||
| Q3 24 | $8.4M | $-23.7M | ||
| Q2 24 | $-14.2M | $-12.9M |
自由现金流率PARRBBN
| Q1 26 | — | — | ||
| Q4 25 | -10.4% | 12.0% | ||
| Q3 25 | 5.9% | 9.7% | ||
| Q2 25 | -6.6% | -2.9% | ||
| Q1 25 | -16.9% | -8.7% | ||
| Q4 24 | 3.0% | 21.4% | ||
| Q3 24 | 8.7% | -11.3% | ||
| Q2 24 | -18.2% | -6.7% |
资本支出强度PARRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 0.9% | ||
| Q3 25 | 1.1% | 2.6% | ||
| Q2 25 | 0.7% | 2.6% | ||
| Q1 25 | 0.4% | 6.7% | ||
| Q4 24 | 0.2% | 3.2% | ||
| Q3 24 | 0.4% | 4.2% | ||
| Q2 24 | 0.5% | 1.6% |
现金转化率PARRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.26× | — |
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
PAR
| Subscription Service | $76.1M | 63% |
| Hardware | $27.8M | 23% |
| Professional Service | $16.2M | 13% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
