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CBL & ASSOCIATES PROPERTIES INC（CBL）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CBL & ASSOCIATES PROPERTIES INC的1.4倍（$225.0M vs $156.4M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 18.8%），过去两年CBL & ASSOCIATES PROPERTIES INC的营收复合增速更高（10.1% vs -12.3%）
CBL联合地产是一家美国房地产投资信托企业，核心投资布局为购物中心与商业摩尔，业务主要集中在美国东南部与中西部地区。公司在特拉华州注册，总部设于田纳西州查塔努加，该城市也是其最大的布局市场，公司名称取自创始人查尔斯·B·勒博维茨的姓名首字母。
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。
CBL vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.4倍
$156.4M
营收增速更快
ROCK
高出6.2%
18.8%
两年增速更快
CBL
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $156.4M | $225.0M |
| 净利润 | $49.0M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | — | 7.9% |
| 净利率 | 31.3% | — |
| 营收同比 | 18.8% | 24.9% |
| 净利润同比 | 29.0% | — |
| 每股收益（稀释后） | $1.61 | — |
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CBLROCK
| Q4 25 | $156.4M | $225.0M | ||
| Q3 25 | $139.3M | $310.9M | ||
| Q2 25 | $140.9M | $309.5M | ||
| Q1 25 | $141.8M | $290.0M | ||
| Q4 24 | $131.7M | $180.1M | ||
| Q3 24 | $125.1M | $277.1M | ||
| Q2 24 | $129.7M | $273.6M | ||
| Q1 24 | $129.1M | $292.5M |
净利润CBLROCK
| Q4 25 | $49.0M | — | ||
| Q3 25 | $75.4M | $-89.1M | ||
| Q2 25 | $2.8M | $26.0M | ||
| Q1 25 | $8.8M | $21.1M | ||
| Q4 24 | $38.0M | — | ||
| Q3 24 | $16.2M | $34.0M | ||
| Q2 24 | $4.7M | $32.2M | ||
| Q1 24 | $50.0K | $24.9M |
毛利率CBLROCK
| 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CBLROCK
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 12.8% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 14.9% | ||
| Q1 24 | — | 10.8% |
净利率CBLROCK
| Q4 25 | 31.3% | — | ||
| Q3 25 | 54.2% | -28.6% | ||
| Q2 25 | 2.0% | 8.4% | ||
| Q1 25 | 6.2% | 7.3% | ||
| Q4 24 | 28.8% | — | ||
| Q3 24 | 12.9% | 12.3% | ||
| Q2 24 | 3.7% | 11.8% | ||
| Q1 24 | 0.0% | 8.5% |
每股收益（稀释后）CBLROCK
| Q4 25 | $1.61 | — | ||
| Q3 25 | $2.38 | $-2.98 | ||
| Q2 25 | $0.08 | $0.87 | ||
| Q1 25 | $0.27 | — | ||
| Q4 24 | $1.22 | — | ||
| Q3 24 | $0.52 | $1.11 | ||
| Q2 24 | $0.14 | $1.05 | ||
| Q1 24 | $-0.01 | — |
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 | $42.3M | $115.7M |
| 总债务越低越好 | $2.2B | $0 |
| 股东权益账面价值 | $374.9M | $950.4M |
| 总资产 | $2.7B | $1.4B |
| 负债/权益比越低杠杆越低 | 5.79× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CBLROCK
| Q4 25 | $42.3M | $115.7M | ||
| Q3 25 | $52.6M | $89.4M | ||
| Q2 25 | $100.3M | $43.3M | ||
| Q1 25 | $100.3M | $25.1M | ||
| Q4 24 | $40.8M | $269.5M | ||
| Q3 24 | $65.1M | $228.9M | ||
| Q2 24 | $57.7M | $179.1M | ||
| Q1 24 | $57.7M | $146.7M |
总债务CBLROCK
| Q4 25 | $2.2B | $0 | ||
| Q3 25 | $2.2B | $0 | ||
| Q2 25 | $2.1B | $0 | ||
| Q1 25 | $2.2B | $0 | ||
| Q4 24 | $2.2B | $0 | ||
| Q3 24 | $1.8B | $0 | ||
| Q2 24 | $1.9B | $0 | ||
| Q1 24 | $1.9B | $0 |
股东权益CBLROCK
| Q4 25 | $374.9M | $950.4M | ||
| Q3 25 | $351.4M | $951.8M | ||
| Q2 25 | $289.4M | $1.0B | ||
| Q1 25 | $295.0M | $1.0B | ||
| Q4 24 | $323.5M | $1.0B | ||
| Q3 24 | $308.3M | $1.0B | ||
| Q2 24 | $308.8M | $975.7M | ||
| Q1 24 | $324.2M | $940.2M |
总资产CBLROCK
| Q4 25 | $2.7B | $1.4B | ||
| Q3 25 | $2.7B | $1.4B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.7B | $1.4B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $2.3B | $1.4B | ||
| Q1 24 | $2.3B | $1.3B |
负债/权益比CBLROCK
| Q4 25 | 5.79× | 0.00× | ||
| Q3 25 | 6.21× | 0.00× | ||
| Q2 25 | 7.39× | 0.00× | ||
| Q1 25 | 7.29× | 0.00× | ||
| Q4 24 | 6.84× | 0.00× | ||
| Q3 24 | 5.76× | 0.00× | ||
| Q2 24 | 6.00× | 0.00× | ||
| Q1 24 | 5.74× | 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 | $249.7M | $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 | 5.10× | — |
| 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CBLROCK
| Q4 25 | $249.7M | $35.5M | ||
| Q3 25 | $69.6M | $73.0M | ||
| Q2 25 | $68.3M | $44.9M | ||
| Q1 25 | $31.7M | $13.7M | ||
| Q4 24 | $202.2M | $19.9M | ||
| Q3 24 | $61.1M | $64.7M | ||
| Q2 24 | $64.2M | $36.5M | ||
| Q1 24 | $30.7M | $53.2M |
自由现金流CBLROCK
| Q4 25 | — | $26.2M | ||
| Q3 25 | — | $64.8M | ||
| Q2 25 | — | $27.3M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | — | $14.1M | ||
| Q3 24 | $46.0M | $60.5M | ||
| Q2 24 | $54.8M | $33.5M | ||
| Q1 24 | $24.7M | $48.8M |
自由现金流率CBLROCK
| Q4 25 | — | 11.7% | ||
| Q3 25 | — | 20.8% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 36.8% | 21.8% | ||
| Q2 24 | 42.2% | 12.2% | ||
| Q1 24 | 19.1% | 16.7% |
资本支出强度CBLROCK
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | 12.1% | 1.5% | ||
| Q2 24 | 7.3% | 1.1% | ||
| Q1 24 | 4.7% | 1.5% |
现金转化率CBLROCK
| Q4 25 | 5.10× | — | ||
| Q3 25 | 0.92× | — | ||
| Q2 25 | 24.74× | 1.73× | ||
| Q1 25 | 3.60× | 0.65× | ||
| Q4 24 | 5.32× | — | ||
| Q3 24 | 3.77× | 1.90× | ||
| Q2 24 | 13.54× | 1.13× | ||
| Q1 24 | 614.76× | 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
CBL
暂无分部数据
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
