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PROASSURANCE CORP（PRA）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
PROASSURANCE CORP的季度营收约是Ribbon Communications Inc.的1.7倍（$269.6M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 12.4%，领先42.4%），PROASSURANCE CORP同比增速更快（-7.1% vs -10.3%），过去两年PROASSURANCE CORP的营收复合增速更高（-2.7% vs -8.1%）
保信集团（ProAssurance）总部位于美国阿拉巴马州伯明翰，是一家财产意外保险公司，主打面向医生的职业责任保险业务。公司前身为1976年成立的Mutual Assurance，1997年更名为Medical Assurance，2001年与Professionals Group合并后改为现名，目前是全美第四大医疗职业责任险承保机构，总资产超60亿美元。
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。
PRA vs RBBN — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $269.6M | $162.6M |
| 净利润 | $33.4M | $89.1M |
| 毛利率 | — | 42.9% |
| 营业利润率 | 17.3% | 37.6% |
| 净利率 | 12.4% | 54.8% |
| 营收同比 | -7.1% | -10.3% |
| 净利润同比 | 106.4% | — |
| 每股收益（稀释后） | $0.65 | $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 | $269.6M | $227.3M | ||
| Q3 25 | $279.6M | $215.4M | ||
| Q2 25 | $276.8M | $220.6M | ||
| Q1 25 | $272.1M | $181.3M | ||
| Q4 24 | $290.1M | $251.4M | ||
| Q3 24 | $285.3M | $210.2M | ||
| Q2 24 | $290.4M | $192.6M |
| Q1 26 | — | $89.1M | ||
| Q4 25 | $33.4M | — | ||
| Q3 25 | $1.4M | $-12.1M | ||
| Q2 25 | $21.9M | $-11.1M | ||
| Q1 25 | $-5.8M | $-26.2M | ||
| Q4 24 | $16.2M | — | ||
| Q3 24 | $16.4M | $-13.4M | ||
| Q2 24 | $15.5M | $-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 | 17.3% | 4.1% | ||
| Q3 25 | 1.6% | 1.3% | ||
| Q2 25 | 9.9% | 1.9% | ||
| Q1 25 | -2.3% | -10.8% | ||
| Q4 24 | 6.5% | 13.2% | ||
| Q3 24 | 7.4% | -0.4% | ||
| Q2 24 | 6.2% | -1.0% |
| Q1 26 | — | 54.8% | ||
| Q4 25 | 12.4% | — | ||
| Q3 25 | 0.5% | -5.6% | ||
| Q2 25 | 7.9% | -5.0% | ||
| Q1 25 | -2.1% | -14.5% | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 5.8% | -6.4% | ||
| Q2 24 | 5.3% | -8.7% |
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.65 | $0.50 | ||
| Q3 25 | $0.03 | $-0.07 | ||
| Q2 25 | $0.42 | $-0.06 | ||
| Q1 25 | $-0.11 | $-0.15 | ||
| Q4 24 | $0.32 | $0.05 | ||
| Q3 24 | $0.32 | $-0.08 | ||
| Q2 24 | $0.30 | $-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 | $36.5M | $67.6M |
| 总债务越低越好 | $420.4M | — |
| 股东权益账面价值 | $1.3B | $419.1M |
| 总资产 | $5.4B | — |
| 负债/权益比越低杠杆越低 | 0.31× | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $67.6M | ||
| Q4 25 | $36.5M | $96.4M | ||
| Q3 25 | $54.5M | $74.8M | ||
| Q2 25 | $41.6M | $60.5M | ||
| Q1 25 | $43.5M | $71.2M | ||
| Q4 24 | $54.9M | $87.8M | ||
| Q3 24 | $45.3M | $37.2M | ||
| Q2 24 | $36.9M | $64.6M |
| Q1 26 | — | — | ||
| Q4 25 | $420.4M | $342.1M | ||
| Q3 25 | $421.5M | $344.3M | ||
| Q2 25 | $422.6M | $346.5M | ||
| Q1 25 | $423.7M | $347.4M | ||
| Q4 24 | $424.9M | $348.3M | ||
| Q3 24 | $425.9M | $349.1M | ||
| Q2 24 | $426.9M | $350.0M |
| Q1 26 | — | $419.1M | ||
| Q4 25 | $1.3B | $449.0M | ||
| Q3 25 | $1.3B | $360.1M | ||
| Q2 25 | $1.3B | $370.4M | ||
| Q1 25 | $1.2B | $381.8M | ||
| Q4 24 | $1.2B | $404.6M | ||
| Q3 24 | $1.2B | $395.5M | ||
| Q2 24 | $1.1B | $405.0M |
| Q1 26 | — | — | ||
| Q4 25 | $5.4B | $1.2B | ||
| Q3 25 | $5.6B | $1.1B | ||
| Q2 25 | $5.5B | $1.1B | ||
| Q1 25 | $5.5B | $1.1B | ||
| Q4 24 | $5.6B | $1.2B | ||
| Q3 24 | $5.7B | $1.1B | ||
| Q2 24 | $5.6B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.31× | 0.76× | ||
| Q3 25 | 0.32× | 0.96× | ||
| Q2 25 | 0.33× | 0.94× | ||
| Q1 25 | 0.34× | 0.91× | ||
| Q4 24 | 0.35× | 0.86× | ||
| Q3 24 | 0.35× | 0.88× | ||
| Q2 24 | 0.38× | 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 | $-25.6M | — |
| 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 | -0.77× | — |
| 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 | $-25.6M | $29.2M | ||
| Q3 25 | $27.2M | $26.5M | ||
| Q2 25 | $-28.1M | $-795.0K | ||
| Q1 25 | $-11.6M | $-3.5M | ||
| Q4 24 | $-10.7M | $61.8M | ||
| Q3 24 | $14.0M | $-14.8M | ||
| Q2 24 | $-12.8M | $-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 | -0.77× | — | ||
| Q3 25 | 18.81× | — | ||
| Q2 25 | -1.28× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.66× | — | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | -0.83× | — |
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
PRA
| Workers Compensation Insurance Segment | $164.4M | 61% |
| Other | $59.6M | 22% |
| Segregated Portfolio Cell Reinsurance | $45.7M | 17% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
