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Braemar Hotels & Resorts Inc.（BHR）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Braemar Hotels & Resorts Inc.的1.4倍（$225.0M vs $165.6M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -4.5%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-37.1M），过去两年GIBRALTAR INDUSTRIES, INC.的营收复合增速更高（-12.3% vs -13.1%）
Braemar Hotels & Resorts Inc.是一家主打高端奢华酒店及度假村持有运营的房地产投资信托，主要布局美国市场，服务高端休闲旅客、企业活动主办方及商务差旅群体，通过住宿预订、配套消费及活动承办获得收益。
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。
BHR vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.4倍
$165.6M
营收增速更快
ROCK
高出29.4%
-4.5%
自由现金流更多
ROCK
多$63.3M
$-37.1M
两年增速更快
ROCK
近两年复合增速
-13.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $165.6M | $225.0M |
| 净利润 | $-33.6M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | -7.3% | 7.9% |
| 净利率 | -20.3% | — |
| 营收同比 | -4.5% | 24.9% |
| 净利润同比 | -80.1% | — |
| 每股收益（稀释后） | $-0.67 | — |
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BHRROCK
| Q4 25 | $165.6M | $225.0M | ||
| Q3 25 | $143.6M | $310.9M | ||
| Q2 25 | $179.1M | $309.5M | ||
| Q1 25 | $215.8M | $290.0M | ||
| Q4 24 | $173.3M | $180.1M | ||
| Q3 24 | $148.4M | $277.1M | ||
| Q2 24 | $187.6M | $273.6M | ||
| Q1 24 | $219.1M | $292.5M |
净利润BHRROCK
| Q4 25 | $-33.6M | — | ||
| Q3 25 | $5.7M | $-89.1M | ||
| Q2 25 | $-5.5M | $26.0M | ||
| Q1 25 | $11.0M | $21.1M | ||
| Q4 24 | $-18.7M | — | ||
| Q3 24 | $12.6M | $34.0M | ||
| Q2 24 | $-11.6M | $32.2M | ||
| Q1 24 | $15.9M | $24.9M |
毛利率BHRROCK
| Q4 25 | — | 25.3% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | — | 28.4% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 30.5% | ||
| Q1 24 | — | 28.9% |
营业利润率BHRROCK
| Q4 25 | -7.3% | 7.9% | ||
| Q3 25 | 20.8% | 12.8% | ||
| Q2 25 | 10.0% | 12.8% | ||
| Q1 25 | 17.0% | 8.8% | ||
| Q4 24 | 2.2% | 13.3% | ||
| Q3 24 | 47.4% | 15.6% | ||
| Q2 24 | 6.5% | 14.9% | ||
| Q1 24 | 19.4% | 10.8% |
净利率BHRROCK
| Q4 25 | -20.3% | — | ||
| Q3 25 | 4.0% | -28.6% | ||
| Q2 25 | -3.1% | 8.4% | ||
| Q1 25 | 5.1% | 7.3% | ||
| Q4 24 | -10.8% | — | ||
| Q3 24 | 8.5% | 12.3% | ||
| Q2 24 | -6.2% | 11.8% | ||
| Q1 24 | 7.3% | 8.5% |
每股收益（稀释后）BHRROCK
| Q4 25 | $-0.67 | — | ||
| Q3 25 | $-0.12 | $-2.98 | ||
| Q2 25 | $-0.24 | $0.87 | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $-0.47 | — | ||
| Q3 24 | $-0.02 | $1.11 | ||
| Q2 24 | $-0.33 | $1.05 | ||
| Q1 24 | $0.05 | — |
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 | $124.4M | $115.7M |
| 总债务越低越好 | $1.1B | $0 |
| 股东权益账面价值 | $138.7M | $950.4M |
| 总资产 | $1.9B | $1.4B |
| 负债/权益比越低杠杆越低 | 7.96× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资BHRROCK
| Q4 25 | $124.4M | $115.7M | ||
| Q3 25 | $116.3M | $89.4M | ||
| Q2 25 | $80.2M | $43.3M | ||
| Q1 25 | $81.7M | $25.1M | ||
| Q4 24 | $135.5M | $269.5M | ||
| Q3 24 | $168.7M | $228.9M | ||
| Q2 24 | $114.6M | $179.1M | ||
| Q1 24 | $137.1M | $146.7M |
总债务BHRROCK
| Q4 25 | $1.1B | $0 | ||
| Q3 25 | $1.2B | $0 | ||
| Q2 25 | $1.2B | $0 | ||
| Q1 25 | $1.2B | $0 | ||
| Q4 24 | $1.2B | $0 | ||
| Q3 24 | $1.2B | $0 | ||
| Q2 24 | $1.1B | $0 | ||
| Q1 24 | $1.2B | $0 |
股东权益BHRROCK
| Q4 25 | $138.7M | $950.4M | ||
| Q3 25 | $211.9M | $951.8M | ||
| Q2 25 | $225.1M | $1.0B | ||
| Q1 25 | $238.9M | $1.0B | ||
| Q4 24 | $240.7M | $1.0B | ||
| Q3 24 | $276.9M | $1.0B | ||
| Q2 24 | $282.3M | $975.7M | ||
| Q1 24 | $307.3M | $940.2M |
总资产BHRROCK
| Q4 25 | $1.9B | $1.4B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.1B | $1.4B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $2.2B | $1.4B | ||
| Q1 24 | $2.3B | $1.3B |
负债/权益比BHRROCK
| Q4 25 | 7.96× | 0.00× | ||
| Q3 25 | 5.50× | 0.00× | ||
| Q2 25 | 5.38× | 0.00× | ||
| Q1 25 | 5.03× | 0.00× | ||
| Q4 24 | 5.03× | 0.00× | ||
| Q3 24 | 4.36× | 0.00× | ||
| Q2 24 | 4.00× | 0.00× | ||
| Q1 24 | 3.98× | 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 | $40.8M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-37.1M | $26.2M |
| 自由现金流率自由现金流/营收 | -22.4% | 11.7% |
| 资本支出强度资本支出/营收 | 47.1% | 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 | $-59.2M | $120.6M |
8季度趋势，按日历期对齐
经营现金流BHRROCK
| Q4 25 | $40.8M | $35.5M | ||
| Q3 25 | $-5.8M | $73.0M | ||
| Q2 25 | $23.0M | $44.9M | ||
| Q1 25 | $15.1M | $13.7M | ||
| Q4 24 | $66.8M | $19.9M | ||
| Q3 24 | $9.0K | $64.7M | ||
| Q2 24 | $24.1M | $36.5M | ||
| Q1 24 | $36.0M | $53.2M |
自由现金流BHRROCK
| Q4 25 | $-37.1M | $26.2M | ||
| Q3 25 | $-27.3M | $64.8M | ||
| Q2 25 | $5.3M | $27.3M | ||
| Q1 25 | $-159.0K | $2.3M | ||
| Q4 24 | $-3.8M | $14.1M | ||
| Q3 24 | $-15.6M | $60.5M | ||
| Q2 24 | $8.2M | $33.5M | ||
| Q1 24 | $12.7M | $48.8M |
自由现金流率BHRROCK
| Q4 25 | -22.4% | 11.7% | ||
| Q3 25 | -19.0% | 20.8% | ||
| Q2 25 | 3.0% | 8.8% | ||
| Q1 25 | -0.1% | 0.8% | ||
| Q4 24 | -2.2% | 7.8% | ||
| Q3 24 | -10.5% | 21.8% | ||
| Q2 24 | 4.4% | 12.2% | ||
| Q1 24 | 5.8% | 16.7% |
资本支出强度BHRROCK
| Q4 25 | 47.1% | 4.1% | ||
| Q3 25 | 15.0% | 2.6% | ||
| Q2 25 | 9.9% | 5.7% | ||
| Q1 25 | 7.1% | 3.9% | ||
| Q4 24 | 40.7% | 3.3% | ||
| Q3 24 | 10.5% | 1.5% | ||
| Q2 24 | 8.5% | 1.1% | ||
| Q1 24 | 10.7% | 1.5% |
现金转化率BHRROCK
| Q4 25 | — | — | ||
| Q3 25 | -1.00× | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | 1.38× | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.00× | 1.90× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | 2.26× | 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
BHR
| Occupancy | $97.4M | 59% |
| Food And Beverage | $45.5M | 28% |
| Hotel Other | $22.6M | 14% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
