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POWER SOLUTIONS INTERNATIONAL, INC.（PSIX）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
POWER SOLUTIONS INTERNATIONAL, INC.的季度营收约是Ribbon Communications Inc.的1.2倍（$191.2M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 8.4%，领先46.4%），POWER SOLUTIONS INTERNATIONAL, INC.同比增速更快（32.5% vs -10.3%），过去两年POWER SOLUTIONS INTERNATIONAL, INC.的营收复合增速更高（41.7% vs -8.1%）
阿达尼能源解决方案有限公司（前身为阿达尼输电有限公司）是一家电力输配企业，总部位于艾哈迈达巴德。截至2025年4月，公司累计输电网络总长26696回路公里，是印度规模最大的民营输电企业之一。
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。
PSIX vs RBBN — 直观对比
营收规模更大
PSIX
是对方的1.2倍
$162.6M
营收增速更快
PSIX
高出42.8%
-10.3%
净利率更高
RBBN
高出46.4%
8.4%
两年增速更快
PSIX
近两年复合增速
-8.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $191.2M | $162.6M |
| 净利润 | $16.1M | $89.1M |
| 毛利率 | 21.9% | 42.9% |
| 营业利润率 | 12.7% | 37.6% |
| 净利率 | 8.4% | 54.8% |
| 营收同比 | 32.5% | -10.3% |
| 净利润同比 | -31.0% | — |
| 每股收益（稀释后） | $0.69 | $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PSIXRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $191.2M | $227.3M | ||
| Q3 25 | $203.8M | $215.4M | ||
| Q2 25 | $191.9M | $220.6M | ||
| Q1 25 | $135.4M | $181.3M | ||
| Q4 24 | $144.3M | $251.4M | ||
| Q3 24 | $125.8M | $210.2M | ||
| Q2 24 | $110.6M | $192.6M |
净利润PSIXRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $16.1M | — | ||
| Q3 25 | $27.6M | $-12.1M | ||
| Q2 25 | $51.2M | $-11.1M | ||
| Q1 25 | $19.1M | $-26.2M | ||
| Q4 24 | $23.3M | — | ||
| Q3 24 | $17.3M | $-13.4M | ||
| Q2 24 | $21.5M | $-16.8M |
毛利率PSIXRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 21.9% | 53.3% | ||
| Q3 25 | 23.9% | 50.1% | ||
| Q2 25 | 28.2% | 49.6% | ||
| Q1 25 | 29.7% | 45.4% | ||
| Q4 24 | 29.9% | 55.7% | ||
| Q3 24 | 28.9% | 52.1% | ||
| Q2 24 | 31.8% | 50.8% |
营业利润率PSIXRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 12.7% | 4.1% | ||
| Q3 25 | 13.9% | 1.3% | ||
| Q2 25 | 16.9% | 1.9% | ||
| Q1 25 | 18.2% | -10.8% | ||
| Q4 24 | 17.5% | 13.2% | ||
| Q3 24 | 16.3% | -0.4% | ||
| Q2 24 | 22.9% | -1.0% |
净利率PSIXRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 8.4% | — | ||
| Q3 25 | 13.5% | -5.6% | ||
| Q2 25 | 26.7% | -5.0% | ||
| Q1 25 | 14.1% | -14.5% | ||
| Q4 24 | 16.1% | — | ||
| Q3 24 | 13.8% | -6.4% | ||
| Q2 24 | 19.5% | -8.7% |
每股收益（稀释后）PSIXRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.69 | $0.50 | ||
| Q3 25 | $1.20 | $-0.07 | ||
| Q2 25 | $2.22 | $-0.06 | ||
| Q1 25 | $0.83 | $-0.15 | ||
| Q4 24 | $1.01 | $0.05 | ||
| Q3 24 | $0.75 | $-0.08 | ||
| Q2 24 | $0.94 | $-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 | $41.3M | $67.6M |
| 总债务越低越好 | $96.6M | — |
| 股东权益账面价值 | $178.6M | $419.1M |
| 总资产 | $424.7M | — |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资PSIXRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $41.3M | $96.4M | ||
| Q3 25 | $49.0M | $74.8M | ||
| Q2 25 | $49.5M | $60.5M | ||
| Q1 25 | $50.0M | $71.2M | ||
| Q4 24 | $55.3M | $87.8M | ||
| Q3 24 | $40.5M | $37.2M | ||
| Q2 24 | $28.8M | $64.6M |
总债务PSIXRBBN
| Q1 26 | — | — | ||
| Q4 25 | $96.6M | $342.1M | ||
| Q3 25 | $96.7M | $344.3M | ||
| Q2 25 | $1.8M | $346.5M | ||
| Q1 25 | $1.0M | $347.4M | ||
| Q4 24 | $184.0K | $348.3M | ||
| Q3 24 | $238.0K | $349.1M | ||
| Q2 24 | $292.0K | $350.0M |
股东权益PSIXRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $178.6M | $449.0M | ||
| Q3 25 | $162.5M | $360.1M | ||
| Q2 25 | $135.7M | $370.4M | ||
| Q1 25 | $84.3M | $381.8M | ||
| Q4 24 | $65.3M | $404.6M | ||
| Q3 24 | $42.1M | $395.5M | ||
| Q2 24 | $24.8M | $405.0M |
总资产PSIXRBBN
| Q1 26 | — | — | ||
| Q4 25 | $424.7M | $1.2B | ||
| Q3 25 | $458.9M | $1.1B | ||
| Q2 25 | $437.7M | $1.1B | ||
| Q1 25 | $372.7M | $1.1B | ||
| Q4 24 | $328.2M | $1.2B | ||
| Q3 24 | $339.1M | $1.1B | ||
| Q2 24 | $307.6M | $1.1B |
负债/权益比PSIXRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.54× | 0.76× | ||
| Q3 25 | 0.60× | 0.96× | ||
| Q2 25 | 0.01× | 0.94× | ||
| Q1 25 | 0.01× | 0.91× | ||
| Q4 24 | 0.00× | 0.86× | ||
| Q3 24 | 0.01× | 0.88× | ||
| Q2 24 | 0.01× | 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 | $-4.6M | — |
| 自由现金流经营现金流 - 资本支出 | $-7.6M | — |
| 自由现金流率自由现金流/营收 | -4.0% | — |
| 资本支出强度资本支出/营收 | 1.6% | — |
| 现金转化率经营现金流/净利润 | -0.29× | — |
| 过去12个月自由现金流最近4个季度 | $14.1M | — |
8季度趋势，按日历期对齐
经营现金流PSIXRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-4.6M | $29.2M | ||
| Q3 25 | $3.3M | $26.5M | ||
| Q2 25 | $16.7M | $-795.0K | ||
| Q1 25 | $8.8M | $-3.5M | ||
| Q4 24 | $32.7M | $61.8M | ||
| Q3 24 | $12.6M | $-14.8M | ||
| Q2 24 | $1.5M | $-9.8M |
自由现金流PSIXRBBN
| Q1 26 | — | — | ||
| Q4 25 | $-7.6M | $27.3M | ||
| Q3 25 | $1.7M | $21.0M | ||
| Q2 25 | $14.6M | $-6.5M | ||
| Q1 25 | $5.4M | $-15.7M | ||
| Q4 24 | $30.0M | $53.8M | ||
| Q3 24 | $12.1M | $-23.7M | ||
| Q2 24 | $822.0K | $-12.9M |
自由现金流率PSIXRBBN
| Q1 26 | — | — | ||
| Q4 25 | -4.0% | 12.0% | ||
| Q3 25 | 0.8% | 9.7% | ||
| Q2 25 | 7.6% | -2.9% | ||
| Q1 25 | 4.0% | -8.7% | ||
| Q4 24 | 20.8% | 21.4% | ||
| Q3 24 | 9.7% | -11.3% | ||
| Q2 24 | 0.7% | -6.7% |
资本支出强度PSIXRBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 0.9% | ||
| Q3 25 | 0.8% | 2.6% | ||
| Q2 25 | 1.1% | 2.6% | ||
| Q1 25 | 2.5% | 6.7% | ||
| Q4 24 | 1.8% | 3.2% | ||
| Q3 24 | 0.3% | 4.2% | ||
| Q2 24 | 0.6% | 1.6% |
现金转化率PSIXRBBN
| Q1 26 | — | — | ||
| Q4 25 | -0.29× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 1.40× | — | ||
| Q3 24 | 0.73× | — | ||
| Q2 24 | 0.07× | — |
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
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
