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通用动力（PLOW）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
通用动力的季度营收约是Ribbon Communications Inc.的1.1倍（$184.5M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 7.0%，领先47.8%），通用动力同比增速更快（28.6% vs -10.3%），过去两年通用动力的营收复合增速更高（38.9% vs -8.1%）
通用动力公司是总部位于美国弗吉尼亚州雷斯顿的工业与科技企业，核心业务是研发制造各类先进军用装备，产品包括核潜艇、主战坦克、装甲战车等，同时也生产民用湾流公务机，并提供信息技术服务，是美国联邦政府前五大国防承包商之一。
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。
PLOW vs RBBN — 直观对比
营收规模更大
PLOW
是对方的1.1倍
$162.6M
营收增速更快
PLOW
高出38.9%
-10.3%
净利率更高
RBBN
高出47.8%
7.0%
两年增速更快
PLOW
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $184.5M | $162.6M |
| 净利润 | $12.8M | $89.1M |
| 毛利率 | 26.1% | 42.9% |
| 营业利润率 | 10.5% | 37.6% |
| 净利率 | 7.0% | 54.8% |
| 营收同比 | 28.6% | -10.3% |
| 净利润同比 | 62.3% | — |
| 每股收益（稀释后） | $0.54 | $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PLOWRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $184.5M | $227.3M | ||
| Q3 25 | $162.1M | $215.4M | ||
| Q2 25 | $194.3M | $220.6M | ||
| Q1 25 | $115.1M | $181.3M | ||
| Q4 24 | $143.5M | $251.4M | ||
| Q3 24 | $129.4M | $210.2M | ||
| Q2 24 | $199.9M | $192.6M |
净利润PLOWRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $12.8M | — | ||
| Q3 25 | $8.0M | $-12.1M | ||
| Q2 25 | $26.0M | $-11.1M | ||
| Q1 25 | $148.0K | $-26.2M | ||
| Q4 24 | $7.9M | — | ||
| Q3 24 | $32.3M | $-13.4M | ||
| Q2 24 | $24.3M | $-16.8M |
毛利率PLOWRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 26.1% | 53.3% | ||
| Q3 25 | 23.5% | 50.1% | ||
| Q2 25 | 31.0% | 49.6% | ||
| Q1 25 | 24.5% | 45.4% | ||
| Q4 24 | 24.9% | 55.7% | ||
| Q3 24 | 23.9% | 52.1% | ||
| Q2 24 | 30.7% | 50.8% |
营业利润率PLOWRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 10.5% | 4.1% | ||
| Q3 25 | 8.7% | 1.3% | ||
| Q2 25 | 19.0% | 1.9% | ||
| Q1 25 | 2.8% | -10.8% | ||
| Q4 24 | 9.0% | 13.2% | ||
| Q3 24 | 35.4% | -0.4% | ||
| Q2 24 | 18.2% | -1.0% |
净利率PLOWRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 7.0% | — | ||
| Q3 25 | 4.9% | -5.6% | ||
| Q2 25 | 13.4% | -5.0% | ||
| Q1 25 | 0.1% | -14.5% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 24.9% | -6.4% | ||
| Q2 24 | 12.2% | -8.7% |
每股收益（稀释后）PLOWRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.54 | $0.50 | ||
| Q3 25 | $0.33 | $-0.07 | ||
| Q2 25 | $1.09 | $-0.06 | ||
| Q1 25 | $0.00 | $-0.15 | ||
| Q4 24 | $0.35 | $0.05 | ||
| Q3 24 | $1.36 | $-0.08 | ||
| Q2 24 | $1.02 | $-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 | — | $67.6M |
| 总债务越低越好 | $144.0M | — |
| 股东权益账面价值 | $281.4M | $419.1M |
| 总资产 | $626.7M | — |
| 负债/权益比越低杠杆越低 | 0.51× | — |
8季度趋势，按日历期对齐
现金及短期投资PLOWRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | — | $96.4M | ||
| Q3 25 | — | $74.8M | ||
| Q2 25 | — | $60.5M | ||
| Q1 25 | — | $71.2M | ||
| Q4 24 | — | $87.8M | ||
| Q3 24 | — | $37.2M | ||
| Q2 24 | — | $64.6M |
总债务PLOWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $144.0M | $342.1M | ||
| Q3 25 | — | $344.3M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $347.4M | ||
| Q4 24 | $147.5M | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
股东权益PLOWRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $281.4M | $449.0M | ||
| Q3 25 | $275.3M | $360.1M | ||
| Q2 25 | $273.3M | $370.4M | ||
| Q1 25 | $258.9M | $381.8M | ||
| Q4 24 | $264.2M | $404.6M | ||
| Q3 24 | $260.8M | $395.5M | ||
| Q2 24 | $236.7M | $405.0M |
总资产PLOWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $626.7M | $1.2B | ||
| Q3 25 | $694.9M | $1.1B | ||
| Q2 25 | $671.5M | $1.1B | ||
| Q1 25 | $621.0M | $1.1B | ||
| Q4 24 | $590.0M | $1.2B | ||
| Q3 24 | $665.6M | $1.1B | ||
| Q2 24 | $617.0M | $1.1B |
负债/权益比PLOWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.51× | 0.76× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | 0.56× | 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 | $95.9M | — |
| 自由现金流经营现金流 - 资本支出 | $92.8M | — |
| 自由现金流率自由现金流/营收 | 50.3% | — |
| 资本支出强度资本支出/营收 | 1.7% | — |
| 现金转化率经营现金流/净利润 | 7.47× | — |
| 过去12个月自由现金流最近4个季度 | $63.6M | — |
8季度趋势，按日历期对齐
经营现金流PLOWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $95.9M | $29.2M | ||
| Q3 25 | $-8.5M | $26.5M | ||
| Q2 25 | $-11.4M | $-795.0K | ||
| Q1 25 | $-1.3M | $-3.5M | ||
| Q4 24 | $74.4M | $61.8M | ||
| Q3 24 | $-14.2M | $-14.8M | ||
| Q2 24 | $2.5M | $-9.8M |
自由现金流PLOWRBBN
| Q1 26 | — | — | ||
| Q4 25 | $92.8M | $27.3M | ||
| Q3 25 | $-11.4M | $21.0M | ||
| Q2 25 | $-14.3M | $-6.5M | ||
| Q1 25 | $-3.5M | $-15.7M | ||
| Q4 24 | $70.2M | $53.8M | ||
| Q3 24 | $-15.2M | $-23.7M | ||
| Q2 24 | $836.0K | $-12.9M |
自由现金流率PLOWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 50.3% | 12.0% | ||
| Q3 25 | -7.1% | 9.7% | ||
| Q2 25 | -7.4% | -2.9% | ||
| Q1 25 | -3.0% | -8.7% | ||
| Q4 24 | 48.9% | 21.4% | ||
| Q3 24 | -11.8% | -11.3% | ||
| Q2 24 | 0.4% | -6.7% |
资本支出强度PLOWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 0.9% | ||
| Q3 25 | 1.8% | 2.6% | ||
| Q2 25 | 1.5% | 2.6% | ||
| Q1 25 | 1.9% | 6.7% | ||
| Q4 24 | 2.9% | 3.2% | ||
| Q3 24 | 0.8% | 4.2% | ||
| Q2 24 | 0.8% | 1.6% |
现金转化率PLOWRBBN
| Q1 26 | — | — | ||
| Q4 25 | 7.47× | — | ||
| Q3 25 | -1.07× | — | ||
| Q2 25 | -0.44× | — | ||
| Q1 25 | -9.03× | — | ||
| Q4 24 | 9.41× | — | ||
| Q3 24 | -0.44× | — | ||
| Q2 24 | 0.10× | — |
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
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
