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QUINSTREET, INC（QNST）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
QUINSTREET, INC的季度营收约是Ribbon Communications Inc.的1.8倍（$287.8M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs 17.4%，领先37.3%），QUINSTREET, INC同比增速更快（1.9% vs -10.3%），过去两年QUINSTREET, INC的营收复合增速更高（53.2% vs -8.1%）
QuinStreet是一家总部位于美国加利福尼亚州福斯特城的上市网络营销企业，核心业务围绕优质域名资源展开，通过收储热门域名帮助客户获取流量，实现营销增长目标。
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。
QNST vs RBBN — 直观对比
营收规模更大
QNST
是对方的1.8倍
$162.6M
营收增速更快
QNST
高出12.2%
-10.3%
净利率更高
RBBN
高出37.3%
17.4%
两年增速更快
QNST
近两年复合增速
-8.1%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $287.8M | $162.6M |
| 净利润 | $50.2M | $89.1M |
| 毛利率 | 9.6% | 42.9% |
| 营业利润率 | 0.4% | 37.6% |
| 净利率 | 17.4% | 54.8% |
| 营收同比 | 1.9% | -10.3% |
| 净利润同比 | 3342.5% | — |
| 每股收益（稀释后） | $0.87 | $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QNSTRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $287.8M | $227.3M | ||
| Q3 25 | $285.9M | $215.4M | ||
| Q2 25 | — | $220.6M | ||
| Q1 25 | $269.8M | $181.3M | ||
| Q4 24 | $282.6M | $251.4M | ||
| Q3 24 | $279.2M | $210.2M | ||
| Q2 24 | $198.3M | $192.6M |
净利润QNSTRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $50.2M | — | ||
| Q3 25 | $4.5M | $-12.1M | ||
| Q2 25 | — | $-11.1M | ||
| Q1 25 | $4.4M | $-26.2M | ||
| Q4 24 | $-1.5M | — | ||
| Q3 24 | $-1.4M | $-13.4M | ||
| Q2 24 | $-2.2M | $-16.8M |
毛利率QNSTRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 9.6% | 53.3% | ||
| Q3 25 | 9.4% | 50.1% | ||
| Q2 25 | — | 49.6% | ||
| Q1 25 | 10.3% | 45.4% | ||
| Q4 24 | 9.5% | 55.7% | ||
| Q3 24 | 10.2% | 52.1% | ||
| Q2 24 | 8.8% | 50.8% |
营业利润率QNSTRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 0.4% | 4.1% | ||
| Q3 25 | 1.7% | 1.3% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | 1.8% | -10.8% | ||
| Q4 24 | -0.5% | 13.2% | ||
| Q3 24 | -0.4% | -0.4% | ||
| Q2 24 | -0.7% | -1.0% |
净利率QNSTRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | 17.4% | — | ||
| Q3 25 | 1.6% | -5.6% | ||
| Q2 25 | — | -5.0% | ||
| Q1 25 | 1.6% | -14.5% | ||
| Q4 24 | -0.5% | — | ||
| Q3 24 | -0.5% | -6.4% | ||
| Q2 24 | -1.1% | -8.7% |
每股收益（稀释后）QNSTRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.87 | $0.50 | ||
| Q3 25 | $0.08 | $-0.07 | ||
| Q2 25 | — | $-0.06 | ||
| Q1 25 | $0.08 | $-0.15 | ||
| Q4 24 | $-0.03 | $0.05 | ||
| Q3 24 | $-0.02 | $-0.08 | ||
| Q2 24 | $-0.04 | $-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 | $107.0M | $67.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $294.4M | $419.1M |
| 总资产 | $493.0M | — |
| 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QNSTRBBN
| Q1 26 | — | $67.6M | ||
| Q4 25 | $107.0M | $96.4M | ||
| Q3 25 | $101.3M | $74.8M | ||
| Q2 25 | — | $60.5M | ||
| Q1 25 | $81.8M | $71.2M | ||
| Q4 24 | $57.8M | $87.8M | ||
| Q3 24 | $25.0M | $37.2M | ||
| Q2 24 | $50.5M | $64.6M |
总债务QNSTRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | $342.1M | ||
| Q3 25 | — | $344.3M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $347.4M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
股东权益QNSTRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $294.4M | $449.0M | ||
| Q3 25 | $246.7M | $360.1M | ||
| Q2 25 | — | $370.4M | ||
| Q1 25 | $235.5M | $381.8M | ||
| Q4 24 | $224.3M | $404.6M | ||
| Q3 24 | $219.8M | $395.5M | ||
| Q2 24 | $216.8M | $405.0M |
总资产QNSTRBBN
| Q1 26 | — | — | ||
| Q4 25 | $493.0M | $1.2B | ||
| Q3 25 | $442.6M | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | $417.2M | $1.1B | ||
| Q4 24 | $409.6M | $1.2B | ||
| Q3 24 | $401.2M | $1.1B | ||
| Q2 24 | $368.5M | $1.1B |
负债/权益比QNSTRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | 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 | $21.6M | — |
| 自由现金流经营现金流 - 资本支出 | $20.7M | — |
| 自由现金流率自由现金流/营收 | 7.2% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | 0.43× | — |
| 过去12个月自由现金流最近4个季度 | $106.9M | — |
8季度趋势，按日历期对齐
经营现金流QNSTRBBN
| Q1 26 | — | — | ||
| Q4 25 | $21.6M | $29.2M | ||
| Q3 25 | $19.6M | $26.5M | ||
| Q2 25 | — | $-795.0K | ||
| Q1 25 | $30.1M | $-3.5M | ||
| Q4 24 | $38.7M | $61.8M | ||
| Q3 24 | $-13.7M | $-14.8M | ||
| Q2 24 | $16.6M | $-9.8M |
自由现金流QNSTRBBN
| Q1 26 | — | — | ||
| Q4 25 | $20.7M | $27.3M | ||
| Q3 25 | $18.4M | $21.0M | ||
| Q2 25 | — | $-6.5M | ||
| Q1 25 | $29.5M | $-15.7M | ||
| Q4 24 | $38.2M | $53.8M | ||
| Q3 24 | $-14.1M | $-23.7M | ||
| Q2 24 | $15.4M | $-12.9M |
自由现金流率QNSTRBBN
| Q1 26 | — | — | ||
| Q4 25 | 7.2% | 12.0% | ||
| Q3 25 | 6.4% | 9.7% | ||
| Q2 25 | — | -2.9% | ||
| Q1 25 | 10.9% | -8.7% | ||
| Q4 24 | 13.5% | 21.4% | ||
| Q3 24 | -5.1% | -11.3% | ||
| Q2 24 | 7.8% | -6.7% |
资本支出强度QNSTRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 0.9% | ||
| Q3 25 | 0.4% | 2.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | 0.2% | 6.7% | ||
| Q4 24 | 0.2% | 3.2% | ||
| Q3 24 | 0.2% | 4.2% | ||
| Q2 24 | 0.6% | 1.6% |
现金转化率QNSTRBBN
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | — | ||
| Q3 25 | 4.32× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 6.82× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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
QNST
| Financial Service | $216.8M | 75% |
| Home Services And Other Revenue | $71.0M | 25% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
