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Arhaus, Inc.（ARHS）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
Arhaus, Inc.的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.6倍（$364.8M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 5.1%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-8.8M），过去两年Arhaus, Inc.的营收复合增速更高（11.2% vs -12.3%）
Arhaus, Inc.是源自美国的高端家居零售企业，总部位于俄亥俄州波士顿高地，1986年正式创立。品牌主打可持续理念与工匠级品质，产品品类丰富，采用全渠道模式面向个人消费者及企业客户，覆盖民用与商用家居场景，提供相关产品与配套服务。
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。
ARHS vs ROCK — 直观对比
营收规模更大
ARHS
是对方的1.6倍
$225.0M
营收增速更快
ROCK
高出19.8%
5.1%
自由现金流更多
ROCK
多$35.0M
$-8.8M
两年增速更快
ARHS
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $364.8M | $225.0M |
| 净利润 | $15.1M | — |
| 毛利率 | 38.1% | 25.3% |
| 营业利润率 | 5.6% | 7.9% |
| 净利率 | 4.1% | — |
| 营收同比 | 5.1% | 24.9% |
| 净利润同比 | -29.1% | — |
| 每股收益（稀释后） | $0.11 | — |
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ARHSROCK
| Q4 25 | $364.8M | $225.0M | ||
| Q3 25 | $344.6M | $310.9M | ||
| Q2 25 | $358.4M | $309.5M | ||
| Q1 25 | $311.4M | $290.0M | ||
| Q4 24 | $347.0M | $180.1M | ||
| Q3 24 | $319.1M | $277.1M | ||
| Q2 24 | $309.8M | $273.6M | ||
| Q1 24 | $295.2M | $292.5M |
净利润ARHSROCK
| Q4 25 | $15.1M | — | ||
| Q3 25 | $12.2M | $-89.1M | ||
| Q2 25 | $35.1M | $26.0M | ||
| Q1 25 | $4.9M | $21.1M | ||
| Q4 24 | $21.3M | — | ||
| Q3 24 | $9.9M | $34.0M | ||
| Q2 24 | $22.2M | $32.2M | ||
| Q1 24 | $15.1M | $24.9M |
毛利率ARHSROCK
| Q4 25 | 38.1% | 25.3% | ||
| Q3 25 | 38.7% | 26.6% | ||
| Q2 25 | 41.4% | 28.4% | ||
| Q1 25 | 37.1% | 26.8% | ||
| Q4 24 | 40.0% | 29.0% | ||
| Q3 24 | 38.6% | 29.4% | ||
| Q2 24 | 40.1% | 30.5% | ||
| Q1 24 | 39.0% | 28.9% |
营业利润率ARHSROCK
| Q4 25 | 5.6% | 7.9% | ||
| Q3 25 | 4.8% | 12.8% | ||
| Q2 25 | 13.0% | 12.8% | ||
| Q1 25 | 1.7% | 8.8% | ||
| Q4 24 | 8.2% | 13.3% | ||
| Q3 24 | 3.3% | 15.6% | ||
| Q2 24 | 9.5% | 14.9% | ||
| Q1 24 | 6.2% | 10.8% |
净利率ARHSROCK
| Q4 25 | 4.1% | — | ||
| Q3 25 | 3.5% | -28.6% | ||
| Q2 25 | 9.8% | 8.4% | ||
| Q1 25 | 1.6% | 7.3% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 3.1% | 12.3% | ||
| Q2 24 | 7.2% | 11.8% | ||
| Q1 24 | 5.1% | 8.5% |
每股收益（稀释后）ARHSROCK
| Q4 25 | $0.11 | — | ||
| Q3 25 | $0.09 | $-2.98 | ||
| Q2 25 | $0.25 | $0.87 | ||
| Q1 25 | $0.03 | — | ||
| Q4 24 | $0.15 | — | ||
| Q3 24 | $0.07 | $1.11 | ||
| Q2 24 | $0.16 | $1.05 | ||
| Q1 24 | $0.11 | — |
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 | $253.4M | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $418.2M | $950.4M |
| 总资产 | $1.4B | $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ARHSROCK
| Q4 25 | $253.4M | $115.7M | ||
| Q3 25 | $262.2M | $89.4M | ||
| Q2 25 | $234.8M | $43.3M | ||
| Q1 25 | $214.4M | $25.1M | ||
| Q4 24 | $197.5M | $269.5M | ||
| Q3 24 | $177.7M | $228.9M | ||
| Q2 24 | $174.2M | $179.1M | ||
| Q1 24 | $233.2M | $146.7M |
总债务ARHSROCK
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益ARHSROCK
| Q4 25 | $418.2M | $950.4M | ||
| Q3 25 | $400.4M | $951.8M | ||
| Q2 25 | $385.6M | $1.0B | ||
| Q1 25 | $348.8M | $1.0B | ||
| Q4 24 | $343.7M | $1.0B | ||
| Q3 24 | $320.6M | $1.0B | ||
| Q2 24 | $309.3M | $975.7M | ||
| Q1 24 | $285.6M | $940.2M |
总资产ARHSROCK
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.2B | $1.4B | ||
| Q1 24 | $1.2B | $1.3B |
负债/权益比ARHSROCK
| 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 | $9.3M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-8.8M | $26.2M |
| 自由现金流率自由现金流/营收 | -2.4% | 11.7% |
| 资本支出强度资本支出/营收 | 5.0% | 4.1% |
| 现金转化率经营现金流/净利润 | 0.62× | — |
| 过去12个月自由现金流最近4个季度 | $59.0M | $120.6M |
8季度趋势，按日历期对齐
经营现金流ARHSROCK
| Q4 25 | $9.3M | $35.5M | ||
| Q3 25 | $46.1M | $73.0M | ||
| Q2 25 | $34.9M | $44.9M | ||
| Q1 25 | $46.5M | $13.7M | ||
| Q4 24 | $31.7M | $19.9M | ||
| Q3 24 | $31.1M | $64.7M | ||
| Q2 24 | $47.5M | $36.5M | ||
| Q1 24 | $36.8M | $53.2M |
自由现金流ARHSROCK
| Q4 25 | $-8.8M | $26.2M | ||
| Q3 25 | $28.0M | $64.8M | ||
| Q2 25 | $20.9M | $27.3M | ||
| Q1 25 | $18.9M | $2.3M | ||
| Q4 24 | $13.0M | $14.1M | ||
| Q3 24 | $4.6M | $60.5M | ||
| Q2 24 | $11.3M | $33.5M | ||
| Q1 24 | $10.9M | $48.8M |
自由现金流率ARHSROCK
| Q4 25 | -2.4% | 11.7% | ||
| Q3 25 | 8.1% | 20.8% | ||
| Q2 25 | 5.8% | 8.8% | ||
| Q1 25 | 6.1% | 0.8% | ||
| Q4 24 | 3.7% | 7.8% | ||
| Q3 24 | 1.4% | 21.8% | ||
| Q2 24 | 3.6% | 12.2% | ||
| Q1 24 | 3.7% | 16.7% |
资本支出强度ARHSROCK
| Q4 25 | 5.0% | 4.1% | ||
| Q3 25 | 5.3% | 2.6% | ||
| Q2 25 | 3.9% | 5.7% | ||
| Q1 25 | 8.9% | 3.9% | ||
| Q4 24 | 5.4% | 3.3% | ||
| Q3 24 | 8.3% | 1.5% | ||
| Q2 24 | 11.7% | 1.1% | ||
| Q1 24 | 8.8% | 1.5% |
现金转化率ARHSROCK
| Q4 25 | 0.62× | — | ||
| Q3 25 | 3.77× | — | ||
| Q2 25 | 1.00× | 1.73× | ||
| Q1 25 | 9.53× | 0.65× | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 3.14× | 1.90× | ||
| Q2 24 | 2.14× | 1.13× | ||
| Q1 24 | 2.44× | 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
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
