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POTLATCHDELTIC CORP（PCH）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
POTLATCHDELTIC CORP的季度营收约是Ribbon Communications Inc.的1.9倍（$314.2M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 8.2%，领先46.5%），POTLATCHDELTIC CORP同比增速更快（23.1% vs -10.3%），过去两年POTLATCHDELTIC CORP的营收复合增速更高（11.1% vs -8.1%）
PotlatchDeltic是一家总部位于美国华盛顿州斯波坎的多元化林产品企业，业务覆盖林木培育、木材加工及相关林制品的生产与供应，在林业资源管理和产品研发领域拥有成熟的运营体系，为建筑、家居等多个下游行业提供优质原材料与产品解决方案。
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。
PCH vs RBBN — 直观对比
营收规模更大
PCH
是对方的1.9倍
$162.6M
营收增速更快
PCH
高出33.4%
-10.3%
净利率更高
RBBN
高出46.5%
8.2%
两年增速更快
PCH
近两年复合增速
-8.1%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $314.2M | $162.6M |
| 净利润 | $25.9M | $89.1M |
| 毛利率 | 18.2% | 42.9% |
| 营业利润率 | 11.2% | 37.6% |
| 净利率 | 8.2% | 54.8% |
| 营收同比 | 23.1% | -10.3% |
| 净利润同比 | 682.5% | — |
| 每股收益（稀释后） | $0.33 | $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PCHRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | — | $227.3M | ||
| Q3 25 | $314.2M | $215.4M | ||
| Q2 25 | $275.0M | $220.6M | ||
| Q1 25 | $268.3M | $181.3M | ||
| Q4 24 | $258.1M | $251.4M | ||
| Q3 24 | $255.1M | $210.2M | ||
| Q2 24 | $320.7M | $192.6M |
净利润PCHRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | — | — | ||
| Q3 25 | $25.9M | $-12.1M | ||
| Q2 25 | $7.4M | $-11.1M | ||
| Q1 25 | $25.8M | $-26.2M | ||
| Q4 24 | $5.2M | — | ||
| Q3 24 | $3.3M | $-13.4M | ||
| Q2 24 | $13.7M | $-16.8M |
毛利率PCHRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | — | 53.3% | ||
| Q3 25 | 18.2% | 50.1% | ||
| Q2 25 | 13.0% | 49.6% | ||
| Q1 25 | 17.8% | 45.4% | ||
| Q4 24 | 13.4% | 55.7% | ||
| Q3 24 | 10.8% | 52.1% | ||
| Q2 24 | 11.9% | 50.8% |
营业利润率PCHRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | 11.2% | 1.3% | ||
| Q2 25 | 5.0% | 1.9% | ||
| Q1 25 | 10.3% | -10.8% | ||
| Q4 24 | 5.2% | 13.2% | ||
| Q3 24 | 2.8% | -0.4% | ||
| Q2 24 | 5.4% | -1.0% |
净利率PCHRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | 8.2% | -5.6% | ||
| Q2 25 | 2.7% | -5.0% | ||
| Q1 25 | 9.6% | -14.5% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 1.3% | -6.4% | ||
| Q2 24 | 4.3% | -8.7% |
每股收益（稀释后）PCHRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | — | $0.50 | ||
| Q3 25 | $0.33 | $-0.07 | ||
| Q2 25 | $0.09 | $-0.06 | ||
| Q1 25 | $0.33 | $-0.15 | ||
| Q4 24 | $0.07 | $0.05 | ||
| Q3 24 | $0.04 | $-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 | $88.8M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.9B | $419.1M |
| 总资产 | $3.2B | — |
| 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PCHRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | — | $96.4M | ||
| Q3 25 | $88.8M | $74.8M | ||
| Q2 25 | $95.3M | $60.5M | ||
| Q1 25 | $147.5M | $71.2M | ||
| Q4 24 | $151.6M | $87.8M | ||
| Q3 24 | $161.1M | $37.2M | ||
| Q2 24 | $199.7M | $64.6M |
总债务PCHRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $342.1M | ||
| Q3 25 | — | $344.3M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $347.4M | ||
| Q4 24 | $1.0B | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
股东权益PCHRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | — | $449.0M | ||
| Q3 25 | $1.9B | $360.1M | ||
| Q2 25 | $1.9B | $370.4M | ||
| Q1 25 | $2.0B | $381.8M | ||
| Q4 24 | $2.0B | $404.6M | ||
| Q3 24 | $2.1B | $395.5M | ||
| Q2 24 | $2.1B | $405.0M |
总资产PCHRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $3.2B | $1.1B | ||
| Q2 25 | $3.2B | $1.1B | ||
| Q1 25 | $3.3B | $1.1B | ||
| Q4 24 | $3.3B | $1.2B | ||
| Q3 24 | $3.3B | $1.1B | ||
| Q2 24 | $3.4B | $1.1B |
负债/权益比PCHRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | 0.51× | 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 | $65.7M | — |
| 自由现金流经营现金流 - 资本支出 | $50.1M | — |
| 自由现金流率自由现金流/营收 | 15.9% | — |
| 资本支出强度资本支出/营收 | 4.9% | — |
| 现金转化率经营现金流/净利润 | 2.54× | — |
| 过去12个月自由现金流最近4个季度 | $132.4M | — |
8季度趋势，按日历期对齐
经营现金流PCHRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $29.2M | ||
| Q3 25 | $65.7M | $26.5M | ||
| Q2 25 | $41.0M | $-795.0K | ||
| Q1 25 | $49.1M | $-3.5M | ||
| Q4 24 | $45.4M | $61.8M | ||
| Q3 24 | $26.5M | $-14.8M | ||
| Q2 24 | $100.6M | $-9.8M |
自由现金流PCHRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $27.3M | ||
| Q3 25 | $50.1M | $21.0M | ||
| Q2 25 | $30.6M | $-6.5M | ||
| Q1 25 | $26.3M | $-15.7M | ||
| Q4 24 | $25.4M | $53.8M | ||
| Q3 24 | $-8.2M | $-23.7M | ||
| Q2 24 | $72.4M | $-12.9M |
自由现金流率PCHRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | 15.9% | 9.7% | ||
| Q2 25 | 11.1% | -2.9% | ||
| Q1 25 | 9.8% | -8.7% | ||
| Q4 24 | 9.9% | 21.4% | ||
| Q3 24 | -3.2% | -11.3% | ||
| Q2 24 | 22.6% | -6.7% |
资本支出强度PCHRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | 4.9% | 2.6% | ||
| Q2 25 | 3.8% | 2.6% | ||
| Q1 25 | 8.5% | 6.7% | ||
| Q4 24 | 7.7% | 3.2% | ||
| Q3 24 | 13.6% | 4.2% | ||
| Q2 24 | 8.8% | 1.6% |
现金转化率PCHRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | 5.58× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 8.74× | — | ||
| Q3 24 | 7.99× | — | ||
| Q2 24 | 7.35× | — |
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
PCH
| Lumber | $131.8M | 42% |
| Timberlands | $52.5M | 17% |
| Rural Real Estate | $51.3M | 16% |
| Residuals And Panels | $34.0M | 11% |
| Pulpwood | $16.7M | 5% |
| Development Real Estate | $14.6M | 5% |
| Other | $8.1M | 3% |
| Other Products | $5.2M | 2% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
