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APPIAN CORP（APPN）与GIBRALTAR INDUSTRIES, INC.（ROCK）财务数据对比。点击上方公司名可切换其他公司
GIBRALTAR INDUSTRIES, INC.的季度营收约是APPIAN CORP的1.1倍（$225.0M vs $202.9M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 21.7%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $270.0K），过去两年APPIAN CORP的营收复合增速更高（16.4% vs -12.3%）
Appian是总部位于美国弗吉尼亚州麦克莱恩的云计算与企业软件厂商，身处杜勒斯科技走廊产业带。公司提供平台即服务（PaaS）产品，支持企业级软件开发，业务覆盖北美、欧洲、中东及东南亚市场，深耕低代码开发、流程挖掘、业务流程管理和案例管理领域。
直布罗陀工业公司是专业建筑、基础设施及可再生能源产品制造商与分销商，主营通风系统、屋面配件、太阳能安装支架、园林景观产品等，主要服务北美地区住宅、商业建筑及清洁能源市场，专注提供创新可持续的客户解决方案。
APPN vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.1倍
$202.9M
营收增速更快
ROCK
高出3.2%
21.7%
自由现金流更多
ROCK
多$25.9M
$270.0K
两年增速更快
APPN
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $202.9M | $225.0M |
| 净利润 | $-5.1M | — |
| 毛利率 | 64.8% | 25.3% |
| 营业利润率 | -0.3% | 7.9% |
| 净利率 | -2.5% | — |
| 营收同比 | 21.7% | 24.9% |
| 净利润同比 | 62.6% | — |
| 每股收益（稀释后） | $-0.06 | — |
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APPNROCK
| Q4 25 | $202.9M | $225.0M | ||
| Q3 25 | $187.0M | $310.9M | ||
| Q2 25 | $170.6M | $309.5M | ||
| Q1 25 | $166.4M | $290.0M | ||
| Q4 24 | $166.7M | $180.1M | ||
| Q3 24 | $154.1M | $277.1M | ||
| Q2 24 | $146.4M | $273.6M | ||
| Q1 24 | $149.8M | $292.5M |
净利润APPNROCK
| Q4 25 | $-5.1M | — | ||
| Q3 25 | $7.8M | $-89.1M | ||
| Q2 25 | $-312.0K | $26.0M | ||
| Q1 25 | $-1.2M | $21.1M | ||
| Q4 24 | $-13.6M | — | ||
| Q3 24 | $-2.1M | $34.0M | ||
| Q2 24 | $-43.6M | $32.2M | ||
| Q1 24 | $-32.9M | $24.9M |
毛利率APPNROCK
| Q4 25 | 64.8% | 25.3% | ||
| Q3 25 | 75.8% | 26.6% | ||
| Q2 25 | 74.3% | 28.4% | ||
| Q1 25 | 76.6% | 26.8% | ||
| Q4 24 | 67.8% | 29.0% | ||
| Q3 24 | 75.9% | 29.4% | ||
| Q2 24 | 73.1% | 30.5% | ||
| Q1 24 | 74.6% | 28.9% |
营业利润率APPNROCK
| Q4 25 | -0.3% | 7.9% | ||
| Q3 25 | 7.0% | 12.8% | ||
| Q2 25 | -6.4% | 12.8% | ||
| Q1 25 | -0.5% | 8.8% | ||
| Q4 24 | 3.0% | 13.3% | ||
| Q3 24 | -4.6% | 15.6% | ||
| Q2 24 | -26.8% | 14.9% | ||
| Q1 24 | -13.0% | 10.8% |
净利率APPNROCK
| Q4 25 | -2.5% | — | ||
| Q3 25 | 4.2% | -28.6% | ||
| Q2 25 | -0.2% | 8.4% | ||
| Q1 25 | -0.7% | 7.3% | ||
| Q4 24 | -8.2% | — | ||
| Q3 24 | -1.4% | 12.3% | ||
| Q2 24 | -29.8% | 11.8% | ||
| Q1 24 | -22.0% | 8.5% |
每股收益（稀释后）APPNROCK
| Q4 25 | $-0.06 | — | ||
| Q3 25 | $0.10 | $-2.98 | ||
| Q2 25 | $0.00 | $0.87 | ||
| Q1 25 | $-0.02 | — | ||
| Q4 24 | $-0.18 | — | ||
| Q3 24 | $-0.03 | $1.11 | ||
| Q2 24 | $-0.60 | $1.05 | ||
| Q1 24 | $-0.45 | — |
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 | $187.2M | $115.7M |
| 总债务越低越好 | $240.8M | $0 |
| 股东权益账面价值 | $-47.0M | $950.4M |
| 总资产 | $691.4M | $1.4B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资APPNROCK
| Q4 25 | $187.2M | $115.7M | ||
| Q3 25 | $191.6M | $89.4M | ||
| Q2 25 | $184.8M | $43.3M | ||
| Q1 25 | $199.7M | $25.1M | ||
| Q4 24 | $159.9M | $269.5M | ||
| Q3 24 | $99.2M | $228.9M | ||
| Q2 24 | $120.8M | $179.1M | ||
| Q1 24 | $170.1M | $146.7M |
总债务APPNROCK
| Q4 25 | $240.8M | $0 | ||
| Q3 25 | $245.7M | $0 | ||
| Q2 25 | $245.6M | $0 | ||
| Q1 25 | $248.0M | $0 | ||
| Q4 24 | $250.4M | $0 | ||
| Q3 24 | $252.8M | $0 | ||
| Q2 24 | $254.0M | $0 | ||
| Q1 24 | $255.1M | $0 |
股东权益APPNROCK
| Q4 25 | $-47.0M | $950.4M | ||
| Q3 25 | $-48.5M | $951.8M | ||
| Q2 25 | $-53.7M | $1.0B | ||
| Q1 25 | $-31.7M | $1.0B | ||
| Q4 24 | $-32.6M | $1.0B | ||
| Q3 24 | $-49.8M | $1.0B | ||
| Q2 24 | $-45.7M | $975.7M | ||
| Q1 24 | $-9.7M | $940.2M |
总资产APPNROCK
| Q4 25 | $691.4M | $1.4B | ||
| Q3 25 | $611.7M | $1.4B | ||
| Q2 25 | $590.7M | $1.5B | ||
| Q1 25 | $592.9M | $1.4B | ||
| Q4 24 | $621.0M | $1.4B | ||
| Q3 24 | $549.9M | $1.4B | ||
| Q2 24 | $554.6M | $1.4B | ||
| Q1 24 | $595.4M | $1.3B |
负债/权益比APPNROCK
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $1.1M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $270.0K | $26.2M |
| 自由现金流率自由现金流/营收 | 0.1% | 11.7% |
| 资本支出强度资本支出/营收 | 0.4% | 4.1% |
| 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 | $59.6M | $120.6M |
8季度趋势，按日历期对齐
经营现金流APPNROCK
| Q4 25 | $1.1M | $35.5M | ||
| Q3 25 | $18.7M | $73.0M | ||
| Q2 25 | $-1.9M | $44.9M | ||
| Q1 25 | $45.0M | $13.7M | ||
| Q4 24 | $13.9M | $19.9M | ||
| Q3 24 | $-8.2M | $64.7M | ||
| Q2 24 | $-17.6M | $36.5M | ||
| Q1 24 | $18.9M | $53.2M |
自由现金流APPNROCK
| Q4 25 | $270.0K | $26.2M | ||
| Q3 25 | $18.1M | $64.8M | ||
| Q2 25 | $-3.1M | $27.3M | ||
| Q1 25 | $44.3M | $2.3M | ||
| Q4 24 | $13.4M | $14.1M | ||
| Q3 24 | $-8.6M | $60.5M | ||
| Q2 24 | $-18.3M | $33.5M | ||
| Q1 24 | $16.7M | $48.8M |
自由现金流率APPNROCK
| Q4 25 | 0.1% | 11.7% | ||
| Q3 25 | 9.7% | 20.8% | ||
| Q2 25 | -1.8% | 8.8% | ||
| Q1 25 | 26.6% | 0.8% | ||
| Q4 24 | 8.0% | 7.8% | ||
| Q3 24 | -5.6% | 21.8% | ||
| Q2 24 | -12.5% | 12.2% | ||
| Q1 24 | 11.1% | 16.7% |
资本支出强度APPNROCK
| Q4 25 | 0.4% | 4.1% | ||
| Q3 25 | 0.3% | 2.6% | ||
| Q2 25 | 0.7% | 5.7% | ||
| Q1 25 | 0.4% | 3.9% | ||
| Q4 24 | 0.3% | 3.3% | ||
| Q3 24 | 0.2% | 1.5% | ||
| Q2 24 | 0.5% | 1.1% | ||
| Q1 24 | 1.5% | 1.5% |
现金转化率APPNROCK
| Q4 25 | — | — | ||
| Q3 25 | 2.39× | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 2.13× |
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
APPN
| Subscriptions Software And Support | $162.3M | 80% |
| Professional Services | $40.6M | 20% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
