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PennyMac Mortgage Investment Trust（PMT）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PennyMac Mortgage Investment Trust的1.7倍（$162.6M vs $93.6M），PennyMac Mortgage Investment Trust净利率更高（56.0% vs 54.8%，领先1.2%），Ribbon Communications Inc.同比增速更快（-10.3% vs -13.3%），过去两年PennyMac Mortgage Investment Trust的营收复合增速更高（12.3% vs -8.1%）
PennyMac Mortgage Investment Trust是总部位于美国的房地产投资信托，专注于住宅抵押贷款相关资产，主要投资履约及违约抵押贷款、住宅抵押贷款支持证券和信用风险转移工具，业务覆盖美国住房市场的投资管理与抵押贷款服务板块。
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。
PMT vs RBBN — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $93.6M | $162.6M |
| 净利润 | $52.4M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | 38.6% | 37.6% |
| 净利率 | 56.0% | 54.8% |
| 营收同比 | -13.3% | -10.3% |
| 净利润同比 | 12.5% | — |
| 每股收益（稀释后） | $0.49 | $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
| Q1 26 | — | $162.6M | ||
| Q4 25 | $93.6M | $227.3M | ||
| Q3 25 | $99.2M | $215.4M | ||
| Q2 25 | $70.2M | $220.6M | ||
| Q1 25 | $44.5M | $181.3M | ||
| Q4 24 | $107.9M | $251.4M | ||
| Q3 24 | $80.9M | $210.2M | ||
| Q2 24 | $71.2M | $192.6M |
| Q1 26 | — | $89.1M | ||
| Q4 25 | $52.4M | — | ||
| Q3 25 | $58.3M | $-12.1M | ||
| Q2 25 | $7.5M | $-11.1M | ||
| Q1 25 | $9.7M | $-26.2M | ||
| Q4 24 | $46.5M | — | ||
| Q3 24 | $41.4M | $-13.4M | ||
| Q2 24 | $25.4M | $-16.8M |
| 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% |
| Q1 26 | — | 37.6% | ||
| Q4 25 | 38.6% | 4.1% | ||
| Q3 25 | 47.4% | 1.3% | ||
| Q2 25 | 24.2% | 1.9% | ||
| Q1 25 | -14.2% | -10.8% | ||
| Q4 24 | 51.1% | 13.2% | ||
| Q3 24 | 32.8% | -0.4% | ||
| Q2 24 | 40.2% | -1.0% |
| Q1 26 | — | 54.8% | ||
| Q4 25 | 56.0% | — | ||
| Q3 25 | 58.7% | -5.6% | ||
| Q2 25 | 10.7% | -5.0% | ||
| Q1 25 | 21.8% | -14.5% | ||
| Q4 24 | 43.1% | — | ||
| Q3 24 | 51.2% | -6.4% | ||
| Q2 24 | 35.7% | -8.7% |
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.49 | $0.50 | ||
| Q3 25 | $0.55 | $-0.07 | ||
| Q2 25 | $-0.04 | $-0.06 | ||
| Q1 25 | $-0.01 | $-0.15 | ||
| Q4 24 | $0.45 | $0.05 | ||
| Q3 24 | $0.36 | $-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 | $190.5M | $67.6M |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.9B | $419.1M |
| 总资产 | $21.3B | — |
| 负债/权益比越低杠杆越低 | 0.58× | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $67.6M | ||
| Q4 25 | $190.5M | $96.4M | ||
| Q3 25 | $181.0M | $74.8M | ||
| Q2 25 | $108.6M | $60.5M | ||
| Q1 25 | $204.2M | $71.2M | ||
| Q4 24 | $103.2M | $87.8M | ||
| Q3 24 | $102.8M | $37.2M | ||
| Q2 24 | $336.3M | $64.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $342.1M | ||
| Q3 25 | $299.0M | $344.3M | ||
| Q2 25 | $1.2B | $346.5M | ||
| Q1 25 | $968.4M | $347.4M | ||
| Q4 24 | $1.0B | $348.3M | ||
| Q3 24 | $5.2B | $349.1M | ||
| Q2 24 | $5.4B | $350.0M |
| Q1 26 | — | $419.1M | ||
| Q4 25 | $1.9B | $449.0M | ||
| Q3 25 | $1.9B | $360.1M | ||
| Q2 25 | $1.9B | $370.4M | ||
| Q1 25 | $1.9B | $381.8M | ||
| Q4 24 | $1.9B | $404.6M | ||
| Q3 24 | $1.9B | $395.5M | ||
| Q2 24 | $1.9B | $405.0M |
| Q1 26 | — | — | ||
| Q4 25 | $21.3B | $1.2B | ||
| Q3 25 | $18.5B | $1.1B | ||
| Q2 25 | $16.8B | $1.1B | ||
| Q1 25 | $14.9B | $1.1B | ||
| Q4 24 | $14.4B | $1.2B | ||
| Q3 24 | $13.1B | $1.1B | ||
| Q2 24 | $12.1B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.58× | 0.76× | ||
| Q3 25 | 0.16× | 0.96× | ||
| Q2 25 | 0.65× | 0.94× | ||
| Q1 25 | 0.51× | 0.91× | ||
| Q4 24 | 0.52× | 0.86× | ||
| Q3 24 | 2.70× | 0.88× | ||
| Q2 24 | 2.76× | 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 | $-7.2B | — |
| 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 | -137.76× | — |
| 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
| Q1 26 | — | — | ||
| Q4 25 | $-7.2B | $29.2M | ||
| Q3 25 | $-1.3B | $26.5M | ||
| Q2 25 | $-2.0B | $-795.0K | ||
| Q1 25 | $-594.3M | $-3.5M | ||
| Q4 24 | $-2.7B | $61.8M | ||
| Q3 24 | $-983.8M | $-14.8M | ||
| Q2 24 | $243.8M | $-9.8M |
| 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 |
| 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% |
| 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% |
| Q1 26 | — | — | ||
| Q4 25 | -137.76× | — | ||
| Q3 25 | -22.26× | — | ||
| Q2 25 | -267.53× | — | ||
| Q1 25 | -61.39× | — | ||
| Q4 24 | -58.08× | — | ||
| Q3 24 | -23.76× | — | ||
| Q2 24 | 9.59× | — |
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
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
