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美商海盗船（CRSR）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
美商海盗船的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.9倍（$436.9M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 5.6%），美商海盗船自由现金流更多（$32.9M vs $26.2M），过去两年美商海盗船的营收复合增速更高（13.8% vs -12.3%）
美商海盗船是源自美国的电脑外设与电竞硬件品牌，总部位于加利福尼亚州米尔皮塔斯。公司创立于1994年，原名海盗船微系统，后更名为海盗船组件、海盗船内存，2007年重新在特拉华州注册。主打产品涵盖高速内存模块、电源、闪存、CPU显卡与机箱散热、电竞外设、电脑机箱等各类电脑相关产品。
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。
CRSR vs ROCK — 直观对比
营收规模更大
CRSR
是对方的1.9倍
$225.0M
营收增速更快
ROCK
高出19.3%
5.6%
自由现金流更多
CRSR
多$6.7M
$26.2M
两年增速更快
CRSR
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $436.9M | $225.0M |
| 净利润 | $25.8M | — |
| 毛利率 | 33.1% | 25.3% |
| 营业利润率 | 6.2% | 7.9% |
| 净利率 | 5.9% | — |
| 营收同比 | 5.6% | 24.9% |
| 净利润同比 | 1028.2% | — |
| 每股收益（稀释后） | $0.23 | — |
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CRSRROCK
| Q4 25 | $436.9M | $225.0M | ||
| Q3 25 | $345.8M | $310.9M | ||
| Q2 25 | $320.1M | $309.5M | ||
| Q1 25 | $369.8M | $290.0M | ||
| Q4 24 | $413.6M | $180.1M | ||
| Q3 24 | $304.2M | $277.1M | ||
| Q2 24 | $261.3M | $273.6M | ||
| Q1 24 | $337.3M | $292.5M |
净利润CRSRROCK
| Q4 25 | $25.8M | — | ||
| Q3 25 | $-10.6M | $-89.1M | ||
| Q2 25 | $-20.9M | $26.0M | ||
| Q1 25 | $-10.5M | $21.1M | ||
| Q4 24 | $2.3M | — | ||
| Q3 24 | $-51.7M | $34.0M | ||
| Q2 24 | $-24.2M | $32.2M | ||
| Q1 24 | $-11.6M | $24.9M |
毛利率CRSRROCK
| Q4 25 | 33.1% | 25.3% | ||
| Q3 25 | 26.9% | 26.6% | ||
| Q2 25 | 26.8% | 28.4% | ||
| Q1 25 | 27.7% | 26.8% | ||
| Q4 24 | 26.2% | 29.0% | ||
| Q3 24 | 22.9% | 29.4% | ||
| Q2 24 | 24.1% | 30.5% | ||
| Q1 24 | 25.7% | 28.9% |
营业利润率CRSRROCK
| Q4 25 | 6.2% | 7.9% | ||
| Q3 25 | -1.6% | 12.8% | ||
| Q2 25 | -5.3% | 12.8% | ||
| Q1 25 | -0.6% | 8.8% | ||
| Q4 24 | 1.4% | 13.3% | ||
| Q3 24 | -6.9% | 15.6% | ||
| Q2 24 | -9.5% | 14.9% | ||
| Q1 24 | -3.0% | 10.8% |
净利率CRSRROCK
| Q4 25 | 5.9% | — | ||
| Q3 25 | -3.1% | -28.6% | ||
| Q2 25 | -6.5% | 8.4% | ||
| Q1 25 | -2.8% | 7.3% | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | -17.0% | 12.3% | ||
| Q2 24 | -9.3% | 11.8% | ||
| Q1 24 | -3.4% | 8.5% |
每股收益（稀释后）CRSRROCK
| Q4 25 | $0.23 | — | ||
| Q3 25 | $-0.09 | $-2.98 | ||
| Q2 25 | $-0.16 | $0.87 | ||
| Q1 25 | $-0.10 | — | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $-0.56 | $1.11 | ||
| Q2 24 | $-0.28 | $1.05 | ||
| Q1 24 | $-0.12 | — |
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 | $121.3M | $0 |
| 股东权益账面价值 | $633.6M | $950.4M |
| 总资产 | $1.3B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CRSRROCK
| 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CRSRROCK
| Q4 25 | $121.3M | $0 | ||
| Q3 25 | $122.9M | $0 | ||
| Q2 25 | $124.4M | $0 | ||
| Q1 25 | $148.7M | $0 | ||
| Q4 24 | $173.5M | $0 | ||
| Q3 24 | $177.2M | $0 | ||
| Q2 24 | $180.3M | $0 | ||
| Q1 24 | $183.3M | $0 |
股东权益CRSRROCK
| Q4 25 | $633.6M | $950.4M | ||
| Q3 25 | $600.2M | $951.8M | ||
| Q2 25 | $603.9M | $1.0B | ||
| Q1 25 | $608.8M | $1.0B | ||
| Q4 24 | $604.3M | $1.0B | ||
| Q3 24 | $598.5M | $1.0B | ||
| Q2 24 | $642.7M | $975.7M | ||
| Q1 24 | $663.5M | $940.2M |
总资产CRSRROCK
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.2B | $1.4B | ||
| Q1 24 | $1.3B | $1.3B |
负债/权益比CRSRROCK
| Q4 25 | 0.19× | 0.00× | ||
| Q3 25 | 0.20× | 0.00× | ||
| Q2 25 | 0.21× | 0.00× | ||
| Q1 25 | 0.24× | 0.00× | ||
| Q4 24 | 0.29× | 0.00× | ||
| Q3 24 | 0.30× | 0.00× | ||
| Q2 24 | 0.28× | 0.00× | ||
| Q1 24 | 0.28× | 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 | $38.2M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $32.9M | $26.2M |
| 自由现金流率自由现金流/营收 | 7.5% | 11.7% |
| 资本支出强度资本支出/营收 | 1.2% | 4.1% |
| 现金转化率经营现金流/净利润 | 1.48× | — |
| 过去12个月自由现金流最近4个季度 | $34.7M | $120.6M |
8季度趋势，按日历期对齐
经营现金流CRSRROCK
| Q4 25 | $38.2M | $35.5M | ||
| Q3 25 | $-37.0M | $73.0M | ||
| Q2 25 | $30.2M | $44.9M | ||
| Q1 25 | $18.8M | $13.7M | ||
| Q4 24 | $55.6M | $19.9M | ||
| Q3 24 | $25.1M | $64.7M | ||
| Q2 24 | $-18.5M | $36.5M | ||
| Q1 24 | $-26.3M | $53.2M |
自由现金流CRSRROCK
| Q4 25 | $32.9M | $26.2M | ||
| Q3 25 | $-41.3M | $64.8M | ||
| Q2 25 | $27.5M | $27.3M | ||
| Q1 25 | $15.7M | $2.3M | ||
| Q4 24 | $54.1M | $14.1M | ||
| Q3 24 | $21.8M | $60.5M | ||
| Q2 24 | $-21.0M | $33.5M | ||
| Q1 24 | $-28.8M | $48.8M |
自由现金流率CRSRROCK
| Q4 25 | 7.5% | 11.7% | ||
| Q3 25 | -12.0% | 20.8% | ||
| Q2 25 | 8.6% | 8.8% | ||
| Q1 25 | 4.2% | 0.8% | ||
| Q4 24 | 13.1% | 7.8% | ||
| Q3 24 | 7.2% | 21.8% | ||
| Q2 24 | -8.0% | 12.2% | ||
| Q1 24 | -8.6% | 16.7% |
资本支出强度CRSRROCK
| Q4 25 | 1.2% | 4.1% | ||
| Q3 25 | 1.3% | 2.6% | ||
| Q2 25 | 0.8% | 5.7% | ||
| Q1 25 | 0.8% | 3.9% | ||
| Q4 24 | 0.4% | 3.3% | ||
| Q3 24 | 1.1% | 1.5% | ||
| Q2 24 | 1.0% | 1.1% | ||
| Q1 24 | 0.7% | 1.5% |
现金转化率CRSRROCK
| Q4 25 | 1.48× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | 24.30× | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 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
CRSR
| Gamer And Creator Peripherals | $164.9M | 38% |
| Memory Products | $156.1M | 36% |
| Inventory Costs | $85.6M | 20% |
| Other Segment Items | $16.9M | 4% |
| Other | $13.3M | 3% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
