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Side-by-side financial comparison of Braemar Hotels & Resorts Inc. (BHR) and GIBRALTAR INDUSTRIES, INC. (ROCK). Click either name above to swap in a different company.

GIBRALTAR INDUSTRIES, INC. is the larger business by last-quarter revenue ($225.0M vs $165.6M, roughly 1.4× Braemar Hotels & Resorts Inc.). On growth, GIBRALTAR INDUSTRIES, INC. posted the faster year-over-year revenue change (24.9% vs -4.5%). GIBRALTAR INDUSTRIES, INC. produced more free cash flow last quarter ($26.2M vs $-37.1M). Over the past eight quarters, GIBRALTAR INDUSTRIES, INC.'s revenue compounded faster (-12.3% CAGR vs -13.1%).

Braemar Hotels & Resorts Inc. is a publicly traded real estate investment trust focused on owning and operating premium luxury hotel and resort properties primarily across the United States. It caters to upscale leisure travelers, corporate event planners, and premium business guests, generating revenue via accommodation bookings, on-site amenities, and event hosting.

Gibraltar Industries, Inc. is a leading manufacturer and distributor of specialized building, infrastructure, and renewable energy products. Its offerings include ventilation systems, roofing accessories, solar mounting solutions, and landscape and garden products, serving residential, commercial construction, and clean energy markets primarily across North America, with a focus on innovative, sustainable solutions for its customers.

BHR vs ROCK — Head-to-Head

Bigger by revenue
ROCK
ROCK
1.4× larger
ROCK
$225.0M
$165.6M
BHR
Growing faster (revenue YoY)
ROCK
ROCK
+29.4% gap
ROCK
24.9%
-4.5%
BHR
More free cash flow
ROCK
ROCK
$63.3M more FCF
ROCK
$26.2M
$-37.1M
BHR
Faster 2-yr revenue CAGR
ROCK
ROCK
Annualised
ROCK
-12.3%
-13.1%
BHR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BHR
BHR
ROCK
ROCK
Revenue
$165.6M
$225.0M
Net Profit
$-33.6M
Gross Margin
25.3%
Operating Margin
-7.3%
7.9%
Net Margin
-20.3%
Revenue YoY
-4.5%
24.9%
Net Profit YoY
-80.1%
EPS (diluted)
$-0.67

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BHR
BHR
ROCK
ROCK
Q4 25
$165.6M
$225.0M
Q3 25
$143.6M
$310.9M
Q2 25
$179.1M
$309.5M
Q1 25
$215.8M
$290.0M
Q4 24
$173.3M
$180.1M
Q3 24
$148.4M
$277.1M
Q2 24
$187.6M
$273.6M
Q1 24
$219.1M
$292.5M
Net Profit
BHR
BHR
ROCK
ROCK
Q4 25
$-33.6M
Q3 25
$5.7M
$-89.1M
Q2 25
$-5.5M
$26.0M
Q1 25
$11.0M
$21.1M
Q4 24
$-18.7M
Q3 24
$12.6M
$34.0M
Q2 24
$-11.6M
$32.2M
Q1 24
$15.9M
$24.9M
Gross Margin
BHR
BHR
ROCK
ROCK
Q4 25
25.3%
Q3 25
26.6%
Q2 25
28.4%
Q1 25
26.8%
Q4 24
29.0%
Q3 24
29.4%
Q2 24
30.5%
Q1 24
28.9%
Operating Margin
BHR
BHR
ROCK
ROCK
Q4 25
-7.3%
7.9%
Q3 25
20.8%
12.8%
Q2 25
10.0%
12.8%
Q1 25
17.0%
8.8%
Q4 24
2.2%
13.3%
Q3 24
47.4%
15.6%
Q2 24
6.5%
14.9%
Q1 24
19.4%
10.8%
Net Margin
BHR
BHR
ROCK
ROCK
Q4 25
-20.3%
Q3 25
4.0%
-28.6%
Q2 25
-3.1%
8.4%
Q1 25
5.1%
7.3%
Q4 24
-10.8%
Q3 24
8.5%
12.3%
Q2 24
-6.2%
11.8%
Q1 24
7.3%
8.5%
EPS (diluted)
BHR
BHR
ROCK
ROCK
Q4 25
$-0.67
Q3 25
$-0.12
$-2.98
Q2 25
$-0.24
$0.87
Q1 25
$-0.04
Q4 24
$-0.47
Q3 24
$-0.02
$1.11
Q2 24
$-0.33
$1.05
Q1 24
$0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BHR
BHR
ROCK
ROCK
Cash + ST InvestmentsLiquidity on hand
$124.4M
$115.7M
Total DebtLower is stronger
$1.1B
$0
Stockholders' EquityBook value
$138.7M
$950.4M
Total Assets
$1.9B
$1.4B
Debt / EquityLower = less leverage
7.96×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHR
BHR
ROCK
ROCK
Q4 25
$124.4M
$115.7M
Q3 25
$116.3M
$89.4M
Q2 25
$80.2M
$43.3M
Q1 25
$81.7M
$25.1M
Q4 24
$135.5M
$269.5M
Q3 24
$168.7M
$228.9M
Q2 24
$114.6M
$179.1M
Q1 24
$137.1M
$146.7M
Total Debt
BHR
BHR
ROCK
ROCK
Q4 25
$1.1B
$0
Q3 25
$1.2B
$0
Q2 25
$1.2B
$0
Q1 25
$1.2B
$0
Q4 24
$1.2B
$0
Q3 24
$1.2B
$0
Q2 24
$1.1B
$0
Q1 24
$1.2B
$0
Stockholders' Equity
BHR
BHR
ROCK
ROCK
Q4 25
$138.7M
$950.4M
Q3 25
$211.9M
$951.8M
Q2 25
$225.1M
$1.0B
Q1 25
$238.9M
$1.0B
Q4 24
$240.7M
$1.0B
Q3 24
$276.9M
$1.0B
Q2 24
$282.3M
$975.7M
Q1 24
$307.3M
$940.2M
Total Assets
BHR
BHR
ROCK
ROCK
Q4 25
$1.9B
$1.4B
Q3 25
$2.0B
$1.4B
Q2 25
$2.1B
$1.5B
Q1 25
$2.1B
$1.4B
Q4 24
$2.1B
$1.4B
Q3 24
$2.2B
$1.4B
Q2 24
$2.2B
$1.4B
Q1 24
$2.3B
$1.3B
Debt / Equity
BHR
BHR
ROCK
ROCK
Q4 25
7.96×
0.00×
Q3 25
5.50×
0.00×
Q2 25
5.38×
0.00×
Q1 25
5.03×
0.00×
Q4 24
5.03×
0.00×
Q3 24
4.36×
0.00×
Q2 24
4.00×
0.00×
Q1 24
3.98×
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BHR
BHR
ROCK
ROCK
Operating Cash FlowLast quarter
$40.8M
$35.5M
Free Cash FlowOCF − Capex
$-37.1M
$26.2M
FCF MarginFCF / Revenue
-22.4%
11.7%
Capex IntensityCapex / Revenue
47.1%
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-59.2M
$120.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHR
BHR
ROCK
ROCK
Q4 25
$40.8M
$35.5M
Q3 25
$-5.8M
$73.0M
Q2 25
$23.0M
$44.9M
Q1 25
$15.1M
$13.7M
Q4 24
$66.8M
$19.9M
Q3 24
$9.0K
$64.7M
Q2 24
$24.1M
$36.5M
Q1 24
$36.0M
$53.2M
Free Cash Flow
BHR
BHR
ROCK
ROCK
Q4 25
$-37.1M
$26.2M
Q3 25
$-27.3M
$64.8M
Q2 25
$5.3M
$27.3M
Q1 25
$-159.0K
$2.3M
Q4 24
$-3.8M
$14.1M
Q3 24
$-15.6M
$60.5M
Q2 24
$8.2M
$33.5M
Q1 24
$12.7M
$48.8M
FCF Margin
BHR
BHR
ROCK
ROCK
Q4 25
-22.4%
11.7%
Q3 25
-19.0%
20.8%
Q2 25
3.0%
8.8%
Q1 25
-0.1%
0.8%
Q4 24
-2.2%
7.8%
Q3 24
-10.5%
21.8%
Q2 24
4.4%
12.2%
Q1 24
5.8%
16.7%
Capex Intensity
BHR
BHR
ROCK
ROCK
Q4 25
47.1%
4.1%
Q3 25
15.0%
2.6%
Q2 25
9.9%
5.7%
Q1 25
7.1%
3.9%
Q4 24
40.7%
3.3%
Q3 24
10.5%
1.5%
Q2 24
8.5%
1.1%
Q1 24
10.7%
1.5%
Cash Conversion
BHR
BHR
ROCK
ROCK
Q4 25
Q3 25
-1.00×
Q2 25
1.73×
Q1 25
1.38×
0.65×
Q4 24
Q3 24
0.00×
1.90×
Q2 24
1.13×
Q1 24
2.26×
2.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BHR
BHR

Occupancy$97.4M59%
Food And Beverage$45.5M28%
Hotel Other$22.6M14%

ROCK
ROCK

Transferred At Point In Time$183.5M82%
Infrastructure$22.5M10%
Other$18.9M8%

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