RBBNNasdaqServices-Computer Integrated Systems DesignFiscal year ends December 31
Ribbon Communications Inc.
Financials through Q4 FY2025, quarter ended Dec 31, 2025Last filing: 10-Q on Jul 31, 2026
$1.51+0.19 (+14.39%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 6.9
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
49.8%−3.6 pts over 5 years
Operating margin
-0.4%−0.6 pts over 5 years
Net margin
4.7%−5.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.3% | +1.0% | +0.0% | +13.0% | |
| Gross profit | -4.3% | +1.6% | -1.4% | +10.0% | |
| Net income | – | – | -14.9% | – | |
| EPS, diluted | – | – | -18.5% | – | |
| Free cash flow | -6.4% | – | -19.0% | +8.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 15.1% | 9.3% | |
| Return on assets | – | 7.5% | 3.3% | |
| Current ratio | 2.31 | 1.37 | 1.44 | |
| Debt to equity | – | 0.56 | 0.74 | |
| Inventory turnover | – | 13.0× | 5.4× | |
| Capex to revenue | 1.8% | 3.2% | 3.0% | |
| Diluted shares | 49M | 145M | 180M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ribbon Communications generated $164.27M from operations and spent $93.47M on capital expenditure, dividends and share buybacks. 90% of that went back into the business.
Generated
$164.27M
Used
$93.47M
Capital expenditure$84.52M90%Dividends$00%Share buybacks$8.96M10%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.7%
×Asset turnover0.71×
×Equity multiplier2.78×
=Return on equity, FY20259.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.7% | 0.71× | 2.78× | 9.3% |
| FY2024 | -6.5% | 0.72× | 2.69× | -12.7% |
| FY2023 | -8.0% | 0.69× | 2.47× | -13.6% |
| FY2022 | -12.0% | 0.63× | 2.49× | -18.8% |
| FY2021 | -21.0% | 0.58× | 2.38× | -29.2% |
| FY2020 | 10.5% | 0.71× | 2.02× | 15.1% |
| FY2019 | -23.1% | 0.64× | 1.65× | -24.2% |
| FY2018 | -13.3% | 0.62× | 1.55× | -12.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$39.64M
- Cash generatingOperating cash flow above zero$51.40M
- Return on assets improvedROA up on the prior year-4.7% → 3.4%
- Earnings backed by cashOperating cash flow above net income$51.40M vs $39.64M
- Less leverageLong-term debt to assets fell28.4% → 26.8%
- Better liquidityCurrent ratio rose1.41 → 1.44
- No dilutionShare count did not rise174M → 180M
- Gross margin improvedGross margin up on the prior year52.71% → 49.81%
- More efficientAsset turnover rose0.73 → 0.73