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黑莓（BB）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.的季度营收约是黑莓的1.6倍（$225.0M vs $141.8M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -0.8%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $17.4M），过去两年黑莓的营收复合增速更高（17.8% vs -12.3%）
黑莓有限公司（前身为动态研究公司，简称RIM）是加拿大专注于安全通信与物联网领域的软件企业，成立于1984年。早年曾推出黑莓品牌双向寻呼机、智能手机及平板电脑产品，后续转型提供软件与服务，拥有多项核心软件应用专利。
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。
BB vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.6倍
$141.8M
营收增速更快
ROCK
高出25.8%
-0.8%
自由现金流更多
ROCK
多$8.8M
$17.4M
两年增速更快
BB
近两年复合增速
-12.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $141.8M | $225.0M |
| 净利润 | $13.7M | — |
| 毛利率 | 77.5% | 25.3% |
| 营业利润率 | 8.4% | 7.9% |
| 净利率 | 9.7% | — |
| 营收同比 | -0.8% | 24.9% |
| 净利润同比 | 224.5% | — |
| 每股收益（稀释后） | $0.02 | — |
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BBROCK
| Q4 25 | $141.8M | $225.0M | ||
| Q3 25 | $129.6M | $310.9M | ||
| Q2 25 | $121.7M | $309.5M | ||
| Q1 25 | $141.7M | $290.0M | ||
| Q4 24 | $143.6M | $180.1M | ||
| Q3 24 | $126.2M | $277.1M | ||
| Q2 24 | $123.4M | $273.6M | ||
| Q1 24 | $102.1M | $292.5M |
净利润BBROCK
| Q4 25 | $13.7M | — | ||
| Q3 25 | $13.3M | $-89.1M | ||
| Q2 25 | $1.9M | $26.0M | ||
| Q1 25 | $-7.4M | $21.1M | ||
| Q4 24 | $-10.5M | — | ||
| Q3 24 | $-19.7M | $34.0M | ||
| Q2 24 | $-41.4M | $32.2M | ||
| Q1 24 | $-56.2M | $24.9M |
毛利率BBROCK
| Q4 25 | 77.5% | 25.3% | ||
| Q3 25 | 74.5% | 26.6% | ||
| Q2 25 | 74.2% | 28.4% | ||
| Q1 25 | 73.5% | 26.8% | ||
| Q4 24 | 78.1% | 29.0% | ||
| Q3 24 | 70.2% | 29.4% | ||
| Q2 24 | 72.9% | 30.5% | ||
| Q1 24 | — | 28.9% |
营业利润率BBROCK
| Q4 25 | 8.4% | 7.9% | ||
| Q3 25 | 8.9% | 12.8% | ||
| Q2 25 | 1.6% | 12.8% | ||
| Q1 25 | -5.6% | 8.8% | ||
| Q4 24 | 13.6% | 13.3% | ||
| Q3 24 | 1.7% | 15.6% | ||
| Q2 24 | -10.5% | 14.9% | ||
| Q1 24 | 50.0% | 10.8% |
净利率BBROCK
| Q4 25 | 9.7% | — | ||
| Q3 25 | 10.3% | -28.6% | ||
| Q2 25 | 1.6% | 8.4% | ||
| Q1 25 | -5.2% | 7.3% | ||
| Q4 24 | -7.3% | — | ||
| Q3 24 | -15.6% | 12.3% | ||
| Q2 24 | -33.5% | 11.8% | ||
| Q1 24 | -55.0% | 8.5% |
每股收益（稀释后）BBROCK
| Q4 25 | $0.02 | — | ||
| Q3 25 | $0.02 | $-2.98 | ||
| Q2 25 | $0.00 | $0.87 | ||
| Q1 25 | $-0.01 | — | ||
| Q4 24 | $-0.02 | — | ||
| Q3 24 | $-0.03 | $1.11 | ||
| Q2 24 | $-0.07 | $1.05 | ||
| Q1 24 | $-0.08 | — |
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 | $304.2M | $115.7M |
| 总债务越低越好 | $196.2M | $0 |
| 股东权益账面价值 | $741.1M | $950.4M |
| 总资产 | $1.2B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.26× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资BBROCK
| Q4 25 | $304.2M | $115.7M | ||
| Q3 25 | $290.5M | $89.4M | ||
| Q2 25 | $306.6M | $43.3M | ||
| Q1 25 | $337.8M | $25.1M | ||
| Q4 24 | $220.0M | $269.5M | ||
| Q3 24 | $211.0M | $228.9M | ||
| Q2 24 | $229.0M | $179.1M | ||
| Q1 24 | $237.1M | $146.7M |
总债务BBROCK
| Q4 25 | $196.2M | $0 | ||
| Q3 25 | $195.9M | $0 | ||
| Q2 25 | $195.6M | $0 | ||
| Q1 25 | $195.3M | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | $194.1M | $0 |
股东权益BBROCK
| Q4 25 | $741.1M | $950.4M | ||
| Q3 25 | $725.1M | $951.8M | ||
| Q2 25 | $725.1M | $1.0B | ||
| Q1 25 | $719.9M | $1.0B | ||
| Q4 24 | $725.2M | $1.0B | ||
| Q3 24 | $732.1M | $1.0B | ||
| Q2 24 | $742.6M | $975.7M | ||
| Q1 24 | $775.1M | $940.2M |
总资产BBROCK
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | $1.4B | $1.3B |
负债/权益比BBROCK
| Q4 25 | 0.26× | 0.00× | ||
| Q3 25 | 0.27× | 0.00× | ||
| Q2 25 | 0.27× | 0.00× | ||
| Q1 25 | 0.27× | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | 0.25× | 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 | $18.3M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $17.4M | $26.2M |
| 自由现金流率自由现金流/营收 | 12.3% | 11.7% |
| 资本支出强度资本支出/营收 | 0.6% | 4.1% |
| 现金转化率经营现金流/净利润 | 1.34× | — |
| 过去12个月自由现金流最近4个季度 | $42.8M | $120.6M |
8季度趋势，按日历期对齐
经营现金流BBROCK
| Q4 25 | $18.3M | $35.5M | ||
| Q3 25 | $3.9M | $73.0M | ||
| Q2 25 | $-18.0M | $44.9M | ||
| Q1 25 | $41.6M | $13.7M | ||
| Q4 24 | $6.0M | $19.9M | ||
| Q3 24 | $-16.0M | $64.7M | ||
| Q2 24 | $-15.1M | $36.5M | ||
| Q1 24 | $-15.5M | $53.2M |
自由现金流BBROCK
| Q4 25 | $17.4M | $26.2M | ||
| Q3 25 | $3.1M | $64.8M | ||
| Q2 25 | $-18.9M | $27.3M | ||
| Q1 25 | $41.2M | $2.3M | ||
| Q4 24 | $5.2M | $14.1M | ||
| Q3 24 | $-16.5M | $60.5M | ||
| Q2 24 | $-16.5M | $33.5M | ||
| Q1 24 | $-17.6M | $48.8M |
自由现金流率BBROCK
| Q4 25 | 12.3% | 11.7% | ||
| Q3 25 | 2.4% | 20.8% | ||
| Q2 25 | -15.5% | 8.8% | ||
| Q1 25 | 29.1% | 0.8% | ||
| Q4 24 | 3.6% | 7.8% | ||
| Q3 24 | -13.1% | 21.8% | ||
| Q2 24 | -13.4% | 12.2% | ||
| Q1 24 | -17.2% | 16.7% |
资本支出强度BBROCK
| Q4 25 | 0.6% | 4.1% | ||
| Q3 25 | 0.6% | 2.6% | ||
| Q2 25 | 0.7% | 5.7% | ||
| Q1 25 | 0.3% | 3.9% | ||
| Q4 24 | 0.6% | 3.3% | ||
| Q3 24 | 0.4% | 1.5% | ||
| Q2 24 | 1.1% | 1.1% | ||
| Q1 24 | 2.1% | 1.5% |
现金转化率BBROCK
| Q4 25 | 1.34× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | -9.47× | 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
BB
| QNX | $68.7M | 48% |
| Secure Communication | $67.0M | 47% |
| Licensing | $6.1M | 4% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
