vs
FreightCar America, Inc.（RAIL）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FreightCar America, Inc.的1.3倍（$162.6M vs $125.5M），Ribbon Communications Inc.净利率更高（54.8% vs -13.2%，领先68.0%），FreightCar America, Inc.同比增速更快（-8.8% vs -10.3%），过去两年Ribbon Communications Inc.的营收复合增速更高（-8.1% vs -11.7%）
货运车美国公司是铁路行业货运车厢制造商，全球约有2000名雇员，核心生产基地设在墨西哥卡斯塔诺斯，厂区面积达70万平方英尺。此外，公司总部设于芝加哥，在宾夕法尼亚州约翰斯顿设有工程与零部件厂区，主要为铁路领域提供专业货运车厢产品。
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。
RAIL vs RBBN — 直观对比
营收规模更大
RBBN
是对方的1.3倍
$125.5M
营收增速更快
RAIL
高出1.5%
-10.3%
净利率更高
RBBN
高出68.0%
-13.2%
两年增速更快
RBBN
近两年复合增速
-11.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $125.5M | $162.6M |
| 净利润 | $-16.6M | $89.1M |
| 毛利率 | 13.4% | 42.9% |
| 营业利润率 | 6.2% | 37.6% |
| 净利率 | -13.2% | 54.8% |
| 营收同比 | -8.8% | -10.3% |
| 净利润同比 | -147.9% | — |
| 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RAILRBBN
| Q1 26 | — | $162.6M | ||
| Q4 25 | $125.5M | $227.3M | ||
| Q3 25 | $160.4M | $215.4M | ||
| Q2 25 | $118.5M | $220.6M | ||
| Q1 25 | $96.2M | $181.3M | ||
| Q4 24 | $137.6M | $251.4M | ||
| Q3 24 | $113.2M | $210.2M | ||
| Q2 24 | $146.0M | $192.6M |
净利润RAILRBBN
| Q1 26 | — | $89.1M | ||
| Q4 25 | $-16.6M | — | ||
| Q3 25 | $-7.4M | $-12.1M | ||
| Q2 25 | $11.7M | $-11.1M | ||
| Q1 25 | $50.4M | $-26.2M | ||
| Q4 24 | $34.6M | — | ||
| Q3 24 | $-107.0M | $-13.4M | ||
| Q2 24 | $8.2M | $-16.8M |
毛利率RAILRBBN
| Q1 26 | — | 42.9% | ||
| Q4 25 | 13.4% | 53.3% | ||
| Q3 25 | 15.1% | 50.1% | ||
| Q2 25 | 15.0% | 49.6% | ||
| Q1 25 | 15.0% | 45.4% | ||
| Q4 24 | 15.3% | 55.7% | ||
| Q3 24 | 14.3% | 52.1% | ||
| Q2 24 | 12.6% | 50.8% |
营业利润率RAILRBBN
| Q1 26 | — | 37.6% | ||
| Q4 25 | 6.2% | 4.1% | ||
| Q3 25 | 9.1% | 1.3% | ||
| Q2 25 | 6.5% | 1.9% | ||
| Q1 25 | 4.0% | -10.8% | ||
| Q4 24 | 8.5% | 13.2% | ||
| Q3 24 | 7.6% | -0.4% | ||
| Q2 24 | 9.0% | -1.0% |
净利率RAILRBBN
| Q1 26 | — | 54.8% | ||
| Q4 25 | -13.2% | — | ||
| Q3 25 | -4.6% | -5.6% | ||
| Q2 25 | 9.9% | -5.0% | ||
| Q1 25 | 52.4% | -14.5% | ||
| Q4 24 | 25.2% | — | ||
| Q3 24 | -94.6% | -6.4% | ||
| Q2 24 | 5.6% | -8.7% |
每股收益（稀释后）RAILRBBN
| Q1 26 | — | $0.50 | ||
| Q4 25 | $-0.54 | $0.50 | ||
| Q3 25 | $-0.23 | $-0.07 | ||
| Q2 25 | $0.34 | $-0.06 | ||
| Q1 25 | $1.52 | $-0.15 | ||
| Q4 24 | $0.88 | $0.05 | ||
| Q3 24 | $-3.57 | $-0.08 | ||
| Q2 24 | $0.11 | $-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 | $107.2M | — |
| 股东权益账面价值 | $-107.4M | $419.1M |
| 总资产 | $290.0M | — |
| 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RAILRBBN
| 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RAILRBBN
| Q1 26 | — | — | ||
| Q4 25 | $107.2M | $342.1M | ||
| Q3 25 | $107.6M | $344.3M | ||
| Q2 25 | $107.9M | $346.5M | ||
| Q1 25 | $108.2M | $347.4M | ||
| Q4 24 | $108.4M | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
股东权益RAILRBBN
| Q1 26 | — | $419.1M | ||
| Q4 25 | $-107.4M | $449.0M | ||
| Q3 25 | $-90.9M | $360.1M | ||
| Q2 25 | $-83.5M | $370.4M | ||
| Q1 25 | $-97.4M | $381.8M | ||
| Q4 24 | $-150.3M | $404.6M | ||
| Q3 24 | $-156.3M | $395.5M | ||
| Q2 24 | $-48.8M | $405.0M |
总资产RAILRBBN
| Q1 26 | — | — | ||
| Q4 25 | $290.0M | $1.2B | ||
| Q3 25 | $340.8M | $1.1B | ||
| Q2 25 | $328.1M | $1.1B | ||
| Q1 25 | $250.5M | $1.1B | ||
| Q4 24 | $224.2M | $1.2B | ||
| Q3 24 | $245.9M | $1.1B | ||
| Q2 24 | $207.2M | $1.1B |
负债/权益比RAILRBBN
| 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 | $10.0M | — |
| 自由现金流经营现金流 - 资本支出 | $8.8M | — |
| 自由现金流率自由现金流/营收 | 7.0% | — |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $31.4M | — |
8季度趋势，按日历期对齐
经营现金流RAILRBBN
| Q1 26 | — | — | ||
| Q4 25 | $10.0M | $29.2M | ||
| Q3 25 | $3.4M | $26.5M | ||
| Q2 25 | $8.5M | $-795.0K | ||
| Q1 25 | $12.8M | $-3.5M | ||
| Q4 24 | $5.9M | $61.8M | ||
| Q3 24 | $7.2M | $-14.8M | ||
| Q2 24 | $57.2M | $-9.8M |
自由现金流RAILRBBN
| Q1 26 | — | — | ||
| Q4 25 | $8.8M | $27.3M | ||
| Q3 25 | $2.2M | $21.0M | ||
| Q2 25 | $7.9M | $-6.5M | ||
| Q1 25 | $12.5M | $-15.7M | ||
| Q4 24 | $4.6M | $53.8M | ||
| Q3 24 | $5.7M | $-23.7M | ||
| Q2 24 | $55.9M | $-12.9M |
自由现金流率RAILRBBN
| Q1 26 | — | — | ||
| Q4 25 | 7.0% | 12.0% | ||
| Q3 25 | 1.4% | 9.7% | ||
| Q2 25 | 6.7% | -2.9% | ||
| Q1 25 | 13.0% | -8.7% | ||
| Q4 24 | 3.3% | 21.4% | ||
| Q3 24 | 5.0% | -11.3% | ||
| Q2 24 | 38.3% | -6.7% |
资本支出强度RAILRBBN
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 0.9% | ||
| Q3 25 | 0.7% | 2.6% | ||
| Q2 25 | 0.5% | 2.6% | ||
| Q1 25 | 0.3% | 6.7% | ||
| Q4 24 | 0.9% | 3.2% | ||
| Q3 24 | 1.3% | 4.2% | ||
| Q2 24 | 0.9% | 1.6% |
现金转化率RAILRBBN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 0.17× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.99× | — |
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
RAIL
| Railcar Sales | $118.9M | 95% |
| Aftermarket Sales | $6.6M | 5% |
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
