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Ribbon Communications Inc.（RBBN）与Rocket Lab Corp（RKLB）财务数据对比。点击上方公司名可切换其他公司
Rocket Lab Corp的季度营收约是Ribbon Communications Inc.的1.1倍（$179.7M vs $162.6M），Ribbon Communications Inc.净利率更高（54.8% vs -29.5%，领先84.2%），Rocket Lab Corp同比增速更快（35.7% vs -10.3%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -8.1%）
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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
RBBN vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.1倍
$162.6M
营收增速更快
RKLB
高出46.0%
-10.3%
净利率更高
RBBN
高出84.2%
-29.5%
两年增速更快
RKLB
近两年复合增速
-8.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $162.6M | $179.7M |
| 净利润 | $89.1M | $-52.9M |
| 毛利率 | 42.9% | 38.0% |
| 营业利润率 | 37.6% | -28.4% |
| 净利率 | 54.8% | -29.5% |
| 营收同比 | -10.3% | 35.7% |
| 净利润同比 | — | -1.1% |
| 每股收益（稀释后） | $0.50 | $-0.09 |
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RBBNRKLB
| Q1 26 | $162.6M | — | ||
| Q4 25 | $227.3M | $179.7M | ||
| Q3 25 | $215.4M | $155.1M | ||
| Q2 25 | $220.6M | $144.5M | ||
| Q1 25 | $181.3M | $122.6M | ||
| Q4 24 | $251.4M | $132.4M | ||
| Q3 24 | $210.2M | $104.8M | ||
| Q2 24 | $192.6M | $106.3M |
净利润RBBNRKLB
| Q1 26 | $89.1M | — | ||
| Q4 25 | — | $-52.9M | ||
| Q3 25 | $-12.1M | $-18.3M | ||
| Q2 25 | $-11.1M | $-66.4M | ||
| Q1 25 | $-26.2M | $-60.6M | ||
| Q4 24 | — | $-52.3M | ||
| Q3 24 | $-13.4M | $-51.9M | ||
| Q2 24 | $-16.8M | $-41.6M |
毛利率RBBNRKLB
| Q1 26 | 42.9% | — | ||
| Q4 25 | 53.3% | 38.0% | ||
| Q3 25 | 50.1% | 37.0% | ||
| Q2 25 | 49.6% | 32.1% | ||
| Q1 25 | 45.4% | 28.8% | ||
| Q4 24 | 55.7% | 27.8% | ||
| Q3 24 | 52.1% | 26.7% | ||
| Q2 24 | 50.8% | 25.6% |
营业利润率RBBNRKLB
| Q1 26 | 37.6% | — | ||
| Q4 25 | 4.1% | -28.4% | ||
| Q3 25 | 1.3% | -38.0% | ||
| Q2 25 | 1.9% | -41.3% | ||
| Q1 25 | -10.8% | -48.3% | ||
| Q4 24 | 13.2% | -38.9% | ||
| Q3 24 | -0.4% | -49.5% | ||
| Q2 24 | -1.0% | -40.7% |
净利率RBBNRKLB
| Q1 26 | 54.8% | — | ||
| Q4 25 | — | -29.5% | ||
| Q3 25 | -5.6% | -11.8% | ||
| Q2 25 | -5.0% | -46.0% | ||
| Q1 25 | -14.5% | -49.5% | ||
| Q4 24 | — | -39.5% | ||
| Q3 24 | -6.4% | -49.6% | ||
| Q2 24 | -8.7% | -39.2% |
每股收益（稀释后）RBBNRKLB
| Q1 26 | $0.50 | — | ||
| Q4 25 | $0.50 | $-0.09 | ||
| Q3 25 | $-0.07 | $-0.03 | ||
| Q2 25 | $-0.06 | $-0.13 | ||
| Q1 25 | $-0.15 | $-0.12 | ||
| Q4 24 | $0.05 | $-0.11 | ||
| Q3 24 | $-0.08 | $-0.10 | ||
| Q2 24 | $-0.10 | $-0.08 |
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 | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $419.1M | $1.7B |
| 总资产 | — | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资RBBNRKLB
| Q1 26 | $67.6M | — | ||
| Q4 25 | $96.4M | $1.0B | ||
| Q3 25 | $74.8M | $976.7M | ||
| Q2 25 | $60.5M | $688.1M | ||
| Q1 25 | $71.2M | $428.4M | ||
| Q4 24 | $87.8M | $419.0M | ||
| Q3 24 | $37.2M | $442.4M | ||
| Q2 24 | $64.6M | $496.8M |
总债务RBBNRKLB
| Q1 26 | — | — | ||
| Q4 25 | $342.1M | $152.4M | ||
| Q3 25 | $344.3M | $347.0M | ||
| Q2 25 | $346.5M | $346.5M | ||
| Q1 25 | $347.4M | $345.9M | ||
| Q4 24 | $348.3M | $345.4M | ||
| Q3 24 | $349.1M | $61.2M | ||
| Q2 24 | $350.0M | $64.2M |
股东权益RBBNRKLB
| Q1 26 | $419.1M | — | ||
| Q4 25 | $449.0M | $1.7B | ||
| Q3 25 | $360.1M | $1.3B | ||
| Q2 25 | $370.4M | $688.5M | ||
| Q1 25 | $381.8M | $431.3M | ||
| Q4 24 | $404.6M | $382.5M | ||
| Q3 24 | $395.5M | $419.8M | ||
| Q2 24 | $405.0M | $455.2M |
总资产RBBNRKLB
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $1.1B | $2.2B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B |
负债/权益比RBBNRKLB
| Q1 26 | — | — | ||
| Q4 25 | 0.76× | 0.09× | ||
| Q3 25 | 0.96× | 0.27× | ||
| Q2 25 | 0.94× | 0.50× | ||
| Q1 25 | 0.91× | 0.80× | ||
| Q4 24 | 0.86× | 0.90× | ||
| Q3 24 | 0.88× | 0.15× | ||
| Q2 24 | 0.86× | 0.14× |
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 | — | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-114.2M |
| 自由现金流率自由现金流/营收 | — | -63.6% |
| 资本支出强度资本支出/营收 | — | 27.6% |
| 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 | — | $-321.8M |
8季度趋势，按日历期对齐
经营现金流RBBNRKLB
| Q1 26 | — | — | ||
| Q4 25 | $29.2M | $-64.5M | ||
| Q3 25 | $26.5M | $-23.5M | ||
| Q2 25 | $-795.0K | $-23.2M | ||
| Q1 25 | $-3.5M | $-54.2M | ||
| Q4 24 | $61.8M | $-2.4M | ||
| Q3 24 | $-14.8M | $-30.9M | ||
| Q2 24 | $-9.8M | $-13.0M |
自由现金流RBBNRKLB
| Q1 26 | — | — | ||
| Q4 25 | $27.3M | $-114.2M | ||
| Q3 25 | $21.0M | $-69.4M | ||
| Q2 25 | $-6.5M | $-55.3M | ||
| Q1 25 | $-15.7M | $-82.9M | ||
| Q4 24 | $53.8M | $-23.9M | ||
| Q3 24 | $-23.7M | $-41.9M | ||
| Q2 24 | $-12.9M | $-28.3M |
自由现金流率RBBNRKLB
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | -63.6% | ||
| Q3 25 | 9.7% | -44.8% | ||
| Q2 25 | -2.9% | -38.3% | ||
| Q1 25 | -8.7% | -67.6% | ||
| Q4 24 | 21.4% | -18.1% | ||
| Q3 24 | -11.3% | -40.0% | ||
| Q2 24 | -6.7% | -26.7% |
资本支出强度RBBNRKLB
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 27.6% | ||
| Q3 25 | 2.6% | 29.6% | ||
| Q2 25 | 2.6% | 22.2% | ||
| Q1 25 | 6.7% | 23.4% | ||
| Q4 24 | 3.2% | 16.3% | ||
| Q3 24 | 4.2% | 10.5% | ||
| Q2 24 | 1.6% | 14.4% |
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
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
