vs
鲍德温（BWIN）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
鲍德温的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.5倍（$347.3M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 5.3%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-68.9M），过去两年鲍德温的营收复合增速更高（-4.4% vs -12.3%）
鲍德温钢琴是美国知名钢琴品牌，曾是美国最大的键盘乐器制造商，主打 slogan 为「美国人最喜爱的钢琴」。2001年起成为吉普森品牌旗下子公司，2008年12月停止美国本土生产，将钢琴制造生产线迁至中国。
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。
BWIN vs ROCK — 直观对比
营收规模更大
BWIN
是对方的1.5倍
$225.0M
营收增速更快
ROCK
高出19.7%
5.3%
自由现金流更多
ROCK
多$95.2M
$-68.9M
两年增速更快
BWIN
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $347.3M | $225.0M |
| 净利润 | $-25.9M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | -3.8% | 7.9% |
| 净利率 | -7.5% | — |
| 营收同比 | 5.3% | 24.9% |
| 净利润同比 | -28.3% | — |
| 每股收益（稀释后） | $-0.38 | — |
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BWINROCK
| Q4 25 | $347.3M | $225.0M | ||
| Q3 25 | $365.4M | $310.9M | ||
| Q2 25 | $378.8M | $309.5M | ||
| Q1 25 | $413.4M | $290.0M | ||
| Q4 24 | $329.9M | $180.1M | ||
| Q3 24 | $338.9M | $277.1M | ||
| Q2 24 | $339.8M | $273.6M | ||
| Q1 24 | $380.4M | $292.5M |
净利润BWINROCK
| Q4 25 | $-25.9M | — | ||
| Q3 25 | $-18.7M | $-89.1M | ||
| Q2 25 | $-3.2M | $26.0M | ||
| Q1 25 | $13.9M | $21.1M | ||
| Q4 24 | $-20.2M | — | ||
| Q3 24 | $-8.4M | $34.0M | ||
| Q2 24 | $-17.6M | $32.2M | ||
| Q1 24 | $21.6M | $24.9M |
毛利率BWINROCK
| 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BWINROCK
| Q4 25 | -3.8% | 7.9% | ||
| Q3 25 | 0.9% | 12.8% | ||
| Q2 25 | 7.4% | 12.8% | ||
| Q1 25 | 13.6% | 8.8% | ||
| Q4 24 | -1.7% | 13.3% | ||
| Q3 24 | 4.5% | 15.6% | ||
| Q2 24 | 4.8% | 14.9% | ||
| Q1 24 | 9.0% | 10.8% |
净利率BWINROCK
| Q4 25 | -7.5% | — | ||
| Q3 25 | -5.1% | -28.6% | ||
| Q2 25 | -0.8% | 8.4% | ||
| Q1 25 | 3.4% | 7.3% | ||
| Q4 24 | -6.2% | — | ||
| Q3 24 | -2.5% | 12.3% | ||
| Q2 24 | -5.2% | 11.8% | ||
| Q1 24 | 5.7% | 8.5% |
每股收益（稀释后）BWINROCK
| Q4 25 | $-0.38 | — | ||
| Q3 25 | $-0.27 | $-2.98 | ||
| Q2 25 | $-0.05 | $0.87 | ||
| Q1 25 | $0.20 | — | ||
| Q4 24 | $-0.31 | — | ||
| Q3 24 | $-0.13 | $1.11 | ||
| Q2 24 | $-0.28 | $1.05 | ||
| Q1 24 | $0.33 | — |
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 | $123.7M | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $600.2M | $950.4M |
| 总资产 | $3.9B | $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BWINROCK
| Q4 25 | $123.7M | $115.7M | ||
| Q3 25 | $89.7M | $89.4M | ||
| Q2 25 | $105.7M | $43.3M | ||
| Q1 25 | $81.8M | $25.1M | ||
| Q4 24 | $90.0M | $269.5M | ||
| Q3 24 | $181.8M | $228.9M | ||
| Q2 24 | $208.3M | $179.1M | ||
| Q1 24 | $112.1M | $146.7M |
总债务BWINROCK
| 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BWINROCK
| Q4 25 | $600.2M | $950.4M | ||
| Q3 25 | $619.7M | $951.8M | ||
| Q2 25 | $630.8M | $1.0B | ||
| Q1 25 | $619.6M | $1.0B | ||
| Q4 24 | $583.2M | $1.0B | ||
| Q3 24 | $595.4M | $1.0B | ||
| Q2 24 | $590.9M | $975.7M | ||
| Q1 24 | $597.9M | $940.2M |
总资产BWINROCK
| Q4 25 | $3.9B | $1.4B | ||
| Q3 25 | $3.8B | $1.4B | ||
| Q2 25 | $3.7B | $1.5B | ||
| Q1 25 | $3.5B | $1.4B | ||
| Q4 24 | $3.5B | $1.4B | ||
| Q3 24 | $3.5B | $1.4B | ||
| Q2 24 | $3.7B | $1.4B | ||
| Q1 24 | $3.5B | $1.3B |
负债/权益比BWINROCK
| 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 | $-29.4M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-68.9M | $26.2M |
| 自由现金流率自由现金流/营收 | -19.9% | 11.7% |
| 资本支出强度资本支出/营收 | 11.4% | 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 | $-137.8M | $120.6M |
8季度趋势，按日历期对齐
经营现金流BWINROCK
| Q4 25 | $-29.4M | $35.5M | ||
| Q3 25 | $41.0M | $73.0M | ||
| Q2 25 | $-16.7M | $44.9M | ||
| Q1 25 | $-64.0M | $13.7M | ||
| Q4 24 | $51.5M | $19.9M | ||
| Q3 24 | $32.4M | $64.7M | ||
| Q2 24 | $18.3M | $36.5M | ||
| Q1 24 | $3.0M | $53.2M |
自由现金流BWINROCK
| Q4 25 | $-68.9M | $26.2M | ||
| Q3 25 | $32.2M | $64.8M | ||
| Q2 25 | $-28.1M | $27.3M | ||
| Q1 25 | $-72.9M | $2.3M | ||
| Q4 24 | $10.4M | $14.1M | ||
| Q3 24 | $22.2M | $60.5M | ||
| Q2 24 | $7.8M | $33.5M | ||
| Q1 24 | $-5.1M | $48.8M |
自由现金流率BWINROCK
| Q4 25 | -19.9% | 11.7% | ||
| Q3 25 | 8.8% | 20.8% | ||
| Q2 25 | -7.4% | 8.8% | ||
| Q1 25 | -17.6% | 0.8% | ||
| Q4 24 | 3.2% | 7.8% | ||
| Q3 24 | 6.6% | 21.8% | ||
| Q2 24 | 2.3% | 12.2% | ||
| Q1 24 | -1.4% | 16.7% |
资本支出强度BWINROCK
| Q4 25 | 11.4% | 4.1% | ||
| Q3 25 | 2.4% | 2.6% | ||
| Q2 25 | 3.0% | 5.7% | ||
| Q1 25 | 2.2% | 3.9% | ||
| Q4 24 | 12.4% | 3.3% | ||
| Q3 24 | 3.0% | 1.5% | ||
| Q2 24 | 3.1% | 1.1% | ||
| Q1 24 | 2.1% | 1.5% |
现金转化率BWINROCK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | -4.59× | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | 0.14× | 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
BWIN
| Insurance Advisory Solutions | $157.9M | 45% |
| Underwriting Capacity Technology Solutions | $129.5M | 37% |
| Consultingand Service Fee Revenue | $20.9M | 6% |
| Policy Feeand Installment Fee Revenue | $20.4M | 6% |
| Other | $7.3M | 2% |
| Earned Premium | $6.9M | 2% |
| Other Insurance Product Line | $4.4M | 1% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
