Ribbon Communications Inc. (RBBN) intrinsic value & 10-year financials
Ribbon Communications Inc. (RBBN) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 14.3% a year to $844.6M, with an average return on invested capital of -7.8%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $1.32
- Market cap
- $237.4M
- Revenue (FY2025)
- $844.6M
- Revenue growth (10-yr CAGR)
- 14.3%
- ROIC (10-yr avg)
- -7.8%
- Free cash flow (FY2025)
- $26.1M
RBBN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $844.6M | $39.6M | $0.22 | $26.1M | -0.4% | -0.2% |
| FY2024 | $833.9M | -$54.2M | -$0.31 | $27.8M | 2.0% | 2.4% |
| FY2023 | $826.3M | -$66.2M | -$0.39 | $7.7M | -2.9% | -3.2% |
| FY2022 | $819.8M | -$98.1M | -$0.63 | -$36.6M | -5.9% | -5.0% |
| FY2021 | $845.0M | -$177.2M | -$1.20 | $2.0M | -13.9% | -10.8% |
| FY2020 | $843.8M | $88.6M | $0.61 | $74.8M | 0.2% | 0.2% |
| FY2019 | $563.1M | -$130.1M | -$1.19 | $44.9M | -33.6% | -35.3% |
| FY2018 | $577.9M | -$76.8M | -$0.74 | -$17.5M | -11.3% | -11.6% |
| FY2017 | $329.9M | -$35.3M | -$0.60 | $4.1M | -16.7% | -6.3% |
| FY2016 | $252.6M | -$13.9M | -$0.28 | $14.6M | -5.4% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Ribbon Communications Inc. is a consistent compounder, expanding top-line revenue at 14.4% annually over the past decade.
Ribbon Communications Inc. has historically struggled to out-earn its cost of capital, averaging just -7.7% ROIC.
Ribbon Communications Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Ribbon Communications Inc. is modeled at -18.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-5.39 per share.