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BADGER METER INC（BMI）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
BADGER METER INC的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.0倍（$234.1M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 14.1%），BADGER METER INC自由现金流更多（$50.8M vs $26.2M），过去两年BADGER METER INC的营收复合增速更高（9.2% vs -12.3%）
Badger Meter Inc是全球领先的流量测量与控制解决方案供应商，主要服务水务企业、工业、商业及住宅客户群体，核心产品包括智能水表、物联网使用监测系统及配套软件，可帮助客户追踪资源消耗、减少浪费、提升运营效率，核心市场覆盖北美、欧洲及亚太地区。
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。
BMI vs ROCK — 直观对比
营收规模更大
BMI
是对方的1.0倍
$225.0M
营收增速更快
ROCK
高出10.8%
14.1%
自由现金流更多
BMI
多$24.6M
$26.2M
两年增速更快
BMI
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $234.1M | $225.0M |
| 净利润 | $33.6M | — |
| 毛利率 | 39.7% | 25.3% |
| 营业利润率 | 18.4% | 7.9% |
| 净利率 | 14.3% | — |
| 营收同比 | 14.1% | 24.9% |
| 净利润同比 | 9.3% | — |
| 每股收益（稀释后） | $1.13 | — |
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BMIROCK
| Q4 25 | $234.1M | $225.0M | ||
| Q3 25 | $222.2M | $310.9M | ||
| Q2 25 | $238.1M | $309.5M | ||
| Q1 25 | $222.2M | $290.0M | ||
| Q4 24 | $205.2M | $180.1M | ||
| Q3 24 | $208.4M | $277.1M | ||
| Q2 24 | $216.7M | $273.6M | ||
| Q1 24 | $196.3M | $292.5M |
净利润BMIROCK
| Q4 25 | $33.6M | — | ||
| Q3 25 | $35.1M | $-89.1M | ||
| Q2 25 | $34.6M | $26.0M | ||
| Q1 25 | $38.4M | $21.1M | ||
| Q4 24 | $30.7M | — | ||
| Q3 24 | $32.0M | $34.0M | ||
| Q2 24 | $33.1M | $32.2M | ||
| Q1 24 | $29.1M | $24.9M |
毛利率BMIROCK
| Q4 25 | 39.7% | 25.3% | ||
| Q3 25 | 43.1% | 26.6% | ||
| Q2 25 | 41.1% | 28.4% | ||
| Q1 25 | 42.9% | 26.8% | ||
| Q4 24 | 40.3% | 29.0% | ||
| Q3 24 | 40.2% | 29.4% | ||
| Q2 24 | 39.4% | 30.5% | ||
| Q1 24 | 39.3% | 28.9% |
营业利润率BMIROCK
| Q4 25 | 18.4% | 7.9% | ||
| Q3 25 | 20.7% | 12.8% | ||
| Q2 25 | 18.8% | 12.8% | ||
| Q1 25 | 22.2% | 8.8% | ||
| Q4 24 | 19.1% | 13.3% | ||
| Q3 24 | 19.5% | 15.6% | ||
| Q2 24 | 19.2% | 14.9% | ||
| Q1 24 | 18.6% | 10.8% |
净利率BMIROCK
| Q4 25 | 14.3% | — | ||
| Q3 25 | 15.8% | -28.6% | ||
| Q2 25 | 14.5% | 8.4% | ||
| Q1 25 | 17.3% | 7.3% | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 15.4% | 12.3% | ||
| Q2 24 | 15.3% | 11.8% | ||
| Q1 24 | 14.8% | 8.5% |
每股收益（稀释后）BMIROCK
| Q4 25 | $1.13 | — | ||
| Q3 25 | $1.19 | $-2.98 | ||
| Q2 25 | $1.17 | $0.87 | ||
| Q1 25 | $1.30 | — | ||
| Q4 24 | $1.04 | — | ||
| Q3 24 | $1.08 | $1.11 | ||
| Q2 24 | $1.12 | $1.05 | ||
| Q1 24 | $0.99 | — |
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 | — | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $713.3M | $950.4M |
| 总资产 | $973.6M | $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BMIROCK
| Q4 25 | — | $115.7M | ||
| Q3 25 | — | $89.4M | ||
| Q2 25 | — | $43.3M | ||
| Q1 25 | — | $25.1M | ||
| Q4 24 | — | $269.5M | ||
| Q3 24 | — | $228.9M | ||
| Q2 24 | — | $179.1M | ||
| Q1 24 | — | $146.7M |
总债务BMIROCK
| 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BMIROCK
| Q4 25 | $713.3M | $950.4M | ||
| Q3 25 | $702.5M | $951.8M | ||
| Q2 25 | $677.6M | $1.0B | ||
| Q1 25 | $641.7M | $1.0B | ||
| Q4 24 | $606.2M | $1.0B | ||
| Q3 24 | $591.2M | $1.0B | ||
| Q2 24 | $563.1M | $975.7M | ||
| Q1 24 | $535.6M | $940.2M |
总资产BMIROCK
| Q4 25 | $973.6M | $1.4B | ||
| Q3 25 | $978.3M | $1.4B | ||
| Q2 25 | $936.4M | $1.5B | ||
| Q1 25 | $899.6M | $1.4B | ||
| Q4 24 | $816.4M | $1.4B | ||
| Q3 24 | $802.9M | $1.4B | ||
| Q2 24 | $781.3M | $1.4B | ||
| Q1 24 | $743.5M | $1.3B |
负债/权益比BMIROCK
| 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 | $54.8M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $50.8M | $26.2M |
| 自由现金流率自由现金流/营收 | 21.7% | 11.7% |
| 资本支出强度资本支出/营收 | 1.7% | 4.1% |
| 现金转化率经营现金流/净利润 | 1.63× | — |
| 过去12个月自由现金流最近4个季度 | $169.7M | $120.6M |
8季度趋势，按日历期对齐
经营现金流BMIROCK
| Q4 25 | $54.8M | $35.5M | ||
| Q3 25 | $51.3M | $73.0M | ||
| Q2 25 | $44.6M | $44.9M | ||
| Q1 25 | $33.0M | $13.7M | ||
| Q4 24 | $52.1M | $19.9M | ||
| Q3 24 | $45.1M | $64.7M | ||
| Q2 24 | $36.4M | $36.5M | ||
| Q1 24 | $21.5M | $53.2M |
自由现金流BMIROCK
| Q4 25 | $50.8M | $26.2M | ||
| Q3 25 | $48.2M | $64.8M | ||
| Q2 25 | $40.6M | $27.3M | ||
| Q1 25 | $30.1M | $2.3M | ||
| Q4 24 | $47.4M | $14.1M | ||
| Q3 24 | $42.0M | $60.5M | ||
| Q2 24 | $34.1M | $33.5M | ||
| Q1 24 | $18.8M | $48.8M |
自由现金流率BMIROCK
| Q4 25 | 21.7% | 11.7% | ||
| Q3 25 | 21.7% | 20.8% | ||
| Q2 25 | 17.1% | 8.8% | ||
| Q1 25 | 13.5% | 0.8% | ||
| Q4 24 | 23.1% | 7.8% | ||
| Q3 24 | 20.1% | 21.8% | ||
| Q2 24 | 15.7% | 12.2% | ||
| Q1 24 | 9.6% | 16.7% |
资本支出强度BMIROCK
| Q4 25 | 1.7% | 4.1% | ||
| Q3 25 | 1.4% | 2.6% | ||
| Q2 25 | 1.7% | 5.7% | ||
| Q1 25 | 1.3% | 3.9% | ||
| Q4 24 | 2.3% | 3.3% | ||
| Q3 24 | 1.5% | 1.5% | ||
| Q2 24 | 1.1% | 1.1% | ||
| Q1 24 | 1.4% | 1.5% |
现金转化率BMIROCK
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.46× | — | ||
| Q2 25 | 1.29× | 1.73× | ||
| Q1 25 | 0.86× | 0.65× | ||
| Q4 24 | 1.70× | — | ||
| Q3 24 | 1.41× | 1.90× | ||
| Q2 24 | 1.10× | 1.13× | ||
| Q1 24 | 0.74× | 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
BMI
| Transferred At Point In Time | $198.6M | 85% |
| Transferred Over Time | $22.1M | 9% |
| Other | $13.4M | 6% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
