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BEL FUSE INC（BELFA）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BEL FUSE INC的1.3倍（$225.0M vs $178.5M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 17.2%），过去两年BEL FUSE INC的营收复合增速更高（15.8% vs -12.3%）
Bel Fuse Inc.是一家全球化电子元器件制造商，主营互连解决方案、磁元件及电路保护产品，服务汽车、数据通信、航空航天、工业、消费电子等领域的原始设备制造商和合同制造商，业务覆盖北美、欧洲、亚洲多地。
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。
BELFA vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.3倍
$178.5M
营收增速更快
ROCK
高出7.7%
17.2%
两年增速更快
BELFA
近两年复合增速
-12.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $178.5M | $225.0M |
| 净利润 | $15.0M | — |
| 毛利率 | 39.0% | 25.3% |
| 营业利润率 | 13.3% | 7.9% |
| 净利率 | 8.4% | — |
| 营收同比 | 17.2% | 24.9% |
| 净利润同比 | -18.2% | — |
| 每股收益（稀释后） | — | — |
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BELFAROCK
| Q1 26 | $178.5M | — | ||
| Q4 25 | $175.9M | $225.0M | ||
| Q3 25 | $179.0M | $310.9M | ||
| Q2 25 | $168.3M | $309.5M | ||
| Q1 25 | $152.2M | $290.0M | ||
| Q4 24 | $149.9M | $180.1M | ||
| Q3 24 | $123.6M | $277.1M | ||
| Q2 24 | $133.2M | $273.6M |
净利润BELFAROCK
| Q1 26 | $15.0M | — | ||
| Q4 25 | $6.4M | — | ||
| Q3 25 | $22.6M | $-89.1M | ||
| Q2 25 | $26.8M | $26.0M | ||
| Q1 25 | $17.9M | $21.1M | ||
| Q4 24 | $6.4M | — | ||
| Q3 24 | $8.1M | $34.0M | ||
| Q2 24 | $18.8M | $32.2M |
毛利率BELFAROCK
| Q1 26 | 39.0% | — | ||
| Q4 25 | 39.4% | 25.3% | ||
| Q3 25 | 39.7% | 26.6% | ||
| Q2 25 | 38.7% | 28.4% | ||
| Q1 25 | 38.6% | 26.8% | ||
| Q4 24 | 37.5% | 29.0% | ||
| Q3 24 | 36.1% | 29.4% | ||
| Q2 24 | 40.1% | 30.5% |
营业利润率BELFAROCK
| Q1 26 | 13.3% | — | ||
| Q4 25 | 14.7% | 7.9% | ||
| Q3 25 | 16.9% | 12.8% | ||
| Q2 25 | 17.7% | 12.8% | ||
| Q1 25 | 16.4% | 8.8% | ||
| Q4 24 | 8.3% | 13.3% | ||
| Q3 24 | 9.3% | 15.6% | ||
| Q2 24 | 17.0% | 14.9% |
净利率BELFAROCK
| Q1 26 | 8.4% | — | ||
| Q4 25 | 3.7% | — | ||
| Q3 25 | 12.6% | -28.6% | ||
| Q2 25 | 15.9% | 8.4% | ||
| Q1 25 | 11.7% | 7.3% | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 6.5% | 12.3% | ||
| Q2 24 | 14.1% | 11.8% |
每股收益（稀释后）BELFAROCK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-2.98 | ||
| Q2 25 | — | $0.87 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.11 | ||
| Q2 24 | — | $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 | $59.4M | $115.7M |
| 总债务越低越好 | $204.5M | $0 |
| 股东权益账面价值 | $438.9M | $950.4M |
| 总资产 | $951.9M | $1.4B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资BELFAROCK
| Q1 26 | $59.4M | — | ||
| Q4 25 | $57.8M | $115.7M | ||
| Q3 25 | $57.7M | $89.4M | ||
| Q2 25 | $59.3M | $43.3M | ||
| Q1 25 | $65.9M | $25.1M | ||
| Q4 24 | $68.3M | $269.5M | ||
| Q3 24 | $134.3M | $228.9M | ||
| Q2 24 | $85.0M | $179.1M |
总债务BELFAROCK
| Q1 26 | $204.5M | — | ||
| Q4 25 | $197.5M | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | $287.5M | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 |
股东权益BELFAROCK
| Q1 26 | $438.9M | — | ||
| Q4 25 | $425.5M | $950.4M | ||
| Q3 25 | $427.8M | $951.8M | ||
| Q2 25 | $404.7M | $1.0B | ||
| Q1 25 | $376.9M | $1.0B | ||
| Q4 24 | $360.6M | $1.0B | ||
| Q3 24 | $367.4M | $1.0B | ||
| Q2 24 | $356.4M | $975.7M |
总资产BELFAROCK
| Q1 26 | $951.9M | — | ||
| Q4 25 | $935.2M | $1.4B | ||
| Q3 25 | $952.8M | $1.4B | ||
| Q2 25 | $950.6M | $1.5B | ||
| Q1 25 | $940.5M | $1.4B | ||
| Q4 24 | $949.8M | $1.4B | ||
| Q3 24 | $584.4M | $1.4B | ||
| Q2 24 | $567.6M | $1.4B |
负债/权益比BELFAROCK
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.46× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 0.80× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 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 | $13.8M | $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 | 0.92× | — |
| 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BELFAROCK
| Q1 26 | $13.8M | — | ||
| Q4 25 | $29.6M | $35.5M | ||
| Q3 25 | $22.2M | $73.0M | ||
| Q2 25 | $20.7M | $44.9M | ||
| Q1 25 | $8.1M | $13.7M | ||
| Q4 24 | $8.3M | $19.9M | ||
| Q3 24 | $27.4M | $64.7M | ||
| Q2 24 | $32.2M | $36.5M |
自由现金流BELFAROCK
| Q1 26 | — | — | ||
| Q4 25 | $26.1M | $26.2M | ||
| Q3 25 | $20.3M | $64.8M | ||
| Q2 25 | $16.8M | $27.3M | ||
| Q1 25 | $5.4M | $2.3M | ||
| Q4 24 | $2.1M | $14.1M | ||
| Q3 24 | $23.7M | $60.5M | ||
| Q2 24 | $30.8M | $33.5M |
自由现金流率BELFAROCK
| Q1 26 | — | — | ||
| Q4 25 | 14.9% | 11.7% | ||
| Q3 25 | 11.4% | 20.8% | ||
| Q2 25 | 10.0% | 8.8% | ||
| Q1 25 | 3.5% | 0.8% | ||
| Q4 24 | 1.4% | 7.8% | ||
| Q3 24 | 19.2% | 21.8% | ||
| Q2 24 | 23.2% | 12.2% |
资本支出强度BELFAROCK
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 4.1% | ||
| Q3 25 | 1.0% | 2.6% | ||
| Q2 25 | 2.3% | 5.7% | ||
| Q1 25 | 1.8% | 3.9% | ||
| Q4 24 | 4.1% | 3.3% | ||
| Q3 24 | 2.9% | 1.5% | ||
| Q2 24 | 1.0% | 1.1% |
现金转化率BELFAROCK
| Q1 26 | 0.92× | — | ||
| Q4 25 | 4.59× | — | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 0.77× | 1.73× | ||
| Q1 25 | 0.46× | 0.65× | ||
| Q4 24 | 1.30× | — | ||
| Q3 24 | 3.39× | 1.90× | ||
| Q2 24 | 1.71× | 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
BELFA
暂无分部数据
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
