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BRANDYWINE REALTY TRUST（BDN）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BRANDYWINE REALTY TRUST的1.8倍（$225.0M vs $127.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 4.5%），过去两年BRANDYWINE REALTY TRUST的营收复合增速更高（0.7% vs -12.3%）
白兰地房地产信托是一家总部位于费城的房地产投资信托基金（REIT），核心投资方向为费城、华盛顿特区以及德克萨斯州奥斯汀的写字楼物业，是美国聚焦核心都市商务地产的专业REIT运营商。
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。
BDN vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.8倍
$127.0M
营收增速更快
ROCK
高出20.4%
4.5%
两年增速更快
BDN
近两年复合增速
-12.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $127.0M | $225.0M |
| 净利润 | $-48.8M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | 1.2% | 7.9% |
| 净利率 | -38.4% | — |
| 营收同比 | 4.5% | 24.9% |
| 净利润同比 | -80.4% | — |
| 每股收益（稀释后） | $-0.28 | — |
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BDNROCK
| Q1 26 | $127.0M | — | ||
| Q4 25 | $121.0M | $225.0M | ||
| Q3 25 | $121.4M | $310.9M | ||
| Q2 25 | $120.6M | $309.5M | ||
| Q1 25 | $121.5M | $290.0M | ||
| Q4 24 | $121.9M | $180.1M | ||
| Q3 24 | $131.8M | $277.1M | ||
| Q2 24 | $125.3M | $273.6M |
净利润BDNROCK
| Q1 26 | $-48.8M | — | ||
| Q4 25 | $-36.7M | — | ||
| Q3 25 | $-25.9M | $-89.1M | ||
| Q2 25 | $-88.7M | $26.0M | ||
| Q1 25 | $-27.0M | $21.1M | ||
| Q4 24 | $-44.5M | — | ||
| Q3 24 | $-165.2M | $34.0M | ||
| Q2 24 | $30.2M | $32.2M |
毛利率BDNROCK
| Q1 26 | — | — | ||
| Q4 25 | 61.3% | 25.3% | ||
| Q3 25 | 62.6% | 26.6% | ||
| Q2 25 | 62.4% | 28.4% | ||
| Q1 25 | 60.8% | 26.8% | ||
| Q4 24 | 61.2% | 29.0% | ||
| Q3 24 | 64.9% | 29.4% | ||
| Q2 24 | 63.1% | 30.5% |
营业利润率BDNROCK
| Q1 26 | 1.2% | — | ||
| Q4 25 | 22.8% | 7.9% | ||
| Q3 25 | 20.8% | 12.8% | ||
| Q2 25 | -34.3% | 12.8% | ||
| Q1 25 | 12.5% | 8.8% | ||
| Q4 24 | 18.0% | 13.3% | ||
| Q3 24 | -7.2% | 15.6% | ||
| Q2 24 | 15.5% | 14.9% |
净利率BDNROCK
| Q1 26 | -38.4% | — | ||
| Q4 25 | -30.3% | — | ||
| Q3 25 | -21.3% | -28.6% | ||
| Q2 25 | -73.5% | 8.4% | ||
| Q1 25 | -22.2% | 7.3% | ||
| Q4 24 | -36.5% | — | ||
| Q3 24 | -125.4% | 12.3% | ||
| Q2 24 | 24.1% | 11.8% |
每股收益（稀释后）BDNROCK
| Q1 26 | $-0.28 | — | ||
| Q4 25 | $-0.21 | — | ||
| Q3 25 | $-0.15 | $-2.98 | ||
| Q2 25 | $-0.51 | $0.87 | ||
| Q1 25 | $-0.16 | — | ||
| Q4 24 | $-0.25 | — | ||
| Q3 24 | $-0.96 | $1.11 | ||
| Q2 24 | $0.17 | $1.05 |
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 | $36.2M | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | — | $950.4M |
| 总资产 | $3.6B | $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BDNROCK
| Q1 26 | $36.2M | — | ||
| Q4 25 | $32.3M | $115.7M | ||
| Q3 25 | $75.5M | $89.4M | ||
| Q2 25 | $122.6M | $43.3M | ||
| Q1 25 | $29.4M | $25.1M | ||
| Q4 24 | $90.2M | $269.5M | ||
| Q3 24 | $36.5M | $228.9M | ||
| Q2 24 | $30.4M | $179.1M |
总债务BDNROCK
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $0 | ||
| Q3 25 | $2.3B | $0 | ||
| Q2 25 | $2.3B | $0 | ||
| Q1 25 | $2.2B | $0 | ||
| Q4 24 | $2.2B | $0 | ||
| Q3 24 | $2.3B | $0 | ||
| Q2 24 | $2.2B | $0 |
股东权益BDNROCK
| Q1 26 | — | — | ||
| Q4 25 | $792.7M | $950.4M | ||
| Q3 25 | $841.5M | $951.8M | ||
| Q2 25 | $879.8M | $1.0B | ||
| Q1 25 | $993.6M | $1.0B | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.3B | $975.7M |
总资产BDNROCK
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $1.4B | ||
| Q3 25 | $3.3B | $1.4B | ||
| Q2 25 | $3.4B | $1.5B | ||
| Q1 25 | $3.4B | $1.4B | ||
| Q4 24 | $3.5B | $1.4B | ||
| Q3 24 | $3.6B | $1.4B | ||
| Q2 24 | $3.8B | $1.4B |
负债/权益比BDNROCK
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | 0.00× | ||
| Q3 25 | 2.70× | 0.00× | ||
| Q2 25 | 2.63× | 0.00× | ||
| Q1 25 | 2.23× | 0.00× | ||
| Q4 24 | 2.13× | 0.00× | ||
| Q3 24 | 2.06× | 0.00× | ||
| Q2 24 | 1.73× | 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 | — | $35.5M |
| 自由现金流经营现金流 - 资本支出 | — | $26.2M |
| 自由现金流率自由现金流/营收 | — | 11.7% |
| 资本支出强度资本支出/营收 | — | 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 | — | $120.6M |
8季度趋势，按日历期对齐
经营现金流BDNROCK
| Q1 26 | — | — | ||
| Q4 25 | $116.7M | $35.5M | ||
| Q3 25 | $47.5M | $73.0M | ||
| Q2 25 | $34.4M | $44.9M | ||
| Q1 25 | $6.3M | $13.7M | ||
| Q4 24 | $181.1M | $19.9M | ||
| Q3 24 | $52.2M | $64.7M | ||
| Q2 24 | $48.2M | $36.5M |
自由现金流BDNROCK
| Q1 26 | — | — | ||
| Q4 25 | — | $26.2M | ||
| Q3 25 | — | $64.8M | ||
| Q2 25 | — | $27.3M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | — | $14.1M | ||
| Q3 24 | — | $60.5M | ||
| Q2 24 | — | $33.5M |
自由现金流率BDNROCK
| Q1 26 | — | — | ||
| Q4 25 | — | 11.7% | ||
| Q3 25 | — | 20.8% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 12.2% |
资本支出强度BDNROCK
| Q1 26 | — | — | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.1% |
现金转化率BDNROCK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | 1.60× | 1.13× |
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
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
