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南玻集团（CSGS）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
南玻集团的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.4倍（$323.1M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $26.2M），过去两年南玻集团的营收复合增速更高（4.6% vs -12.3%）
中国南玻集团股份有限公司是中国规模最大的建筑玻璃生产商，业务涵盖浮法玻璃、建筑玻璃、显示玻璃、汽车玻璃、镀膜玻璃、镜子、彩滤玻璃、太阳能玻璃及节能玻璃等各类玻璃产品的研发、生产与销售，产品广泛应用于建筑、消费电子、新能源汽车、光伏等多个领域。
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。
CSGS vs ROCK — 直观对比
营收规模更大
CSGS
是对方的1.4倍
$225.0M
营收增速更快
ROCK
高出22.9%
2.0%
自由现金流更多
CSGS
多$29.6M
$26.2M
两年增速更快
CSGS
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $323.1M | $225.0M |
| 净利润 | $7.0M | — |
| 毛利率 | 50.0% | 25.3% |
| 营业利润率 | 9.0% | 7.9% |
| 净利率 | 2.2% | — |
| 营收同比 | 2.0% | 24.9% |
| 净利润同比 | -79.7% | — |
| 每股收益（稀释后） | $0.24 | — |
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CSGSROCK
| Q4 25 | $323.1M | $225.0M | ||
| Q3 25 | $303.6M | $310.9M | ||
| Q2 25 | $297.1M | $309.5M | ||
| Q1 25 | $299.5M | $290.0M | ||
| Q4 24 | $316.7M | $180.1M | ||
| Q3 24 | $295.1M | $277.1M | ||
| Q2 24 | $290.3M | $273.6M | ||
| Q1 24 | $295.1M | $292.5M |
净利润CSGSROCK
| Q4 25 | $7.0M | — | ||
| Q3 25 | $20.5M | $-89.1M | ||
| Q2 25 | $12.3M | $26.0M | ||
| Q1 25 | $16.1M | $21.1M | ||
| Q4 24 | $34.5M | — | ||
| Q3 24 | $19.1M | $34.0M | ||
| Q2 24 | $13.8M | $32.2M | ||
| Q1 24 | $19.5M | $24.9M |
毛利率CSGSROCK
| Q4 25 | 50.0% | 25.3% | ||
| Q3 25 | 48.1% | 26.6% | ||
| Q2 25 | 49.5% | 28.4% | ||
| Q1 25 | 48.4% | 26.8% | ||
| Q4 24 | 51.3% | 29.0% | ||
| Q3 24 | 49.4% | 29.4% | ||
| Q2 24 | 47.3% | 30.5% | ||
| Q1 24 | 46.5% | 28.9% |
营业利润率CSGSROCK
| Q4 25 | 9.0% | 7.9% | ||
| Q3 25 | 10.0% | 12.8% | ||
| Q2 25 | 10.0% | 12.8% | ||
| Q1 25 | 9.8% | 8.8% | ||
| Q4 24 | 13.4% | 13.3% | ||
| Q3 24 | 10.8% | 15.6% | ||
| Q2 24 | 8.8% | 14.9% | ||
| Q1 24 | 10.8% | 10.8% |
净利率CSGSROCK
| Q4 25 | 2.2% | — | ||
| Q3 25 | 6.7% | -28.6% | ||
| Q2 25 | 4.1% | 8.4% | ||
| Q1 25 | 5.4% | 7.3% | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 6.5% | 12.3% | ||
| Q2 24 | 4.8% | 11.8% | ||
| Q1 24 | 6.6% | 8.5% |
每股收益（稀释后）CSGSROCK
| Q4 25 | $0.24 | — | ||
| Q3 25 | $0.73 | $-2.98 | ||
| Q2 25 | $0.44 | $0.87 | ||
| Q1 25 | $0.57 | — | ||
| Q4 24 | $1.20 | — | ||
| Q3 24 | $0.67 | $1.11 | ||
| Q2 24 | $0.48 | $1.05 | ||
| Q1 24 | $0.68 | — |
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 | $180.0M | $115.7M |
| 总债务越低越好 | $539.5M | $0 |
| 股东权益账面价值 | $283.7M | $950.4M |
| 总资产 | $1.5B | $1.4B |
| 负债/权益比越低杠杆越低 | 1.90× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CSGSROCK
| Q4 25 | $180.0M | $115.7M | ||
| Q3 25 | $158.4M | $89.4M | ||
| Q2 25 | $145.9M | $43.3M | ||
| Q1 25 | $136.0M | $25.1M | ||
| Q4 24 | $161.8M | $269.5M | ||
| Q3 24 | $118.4M | $228.9M | ||
| Q2 24 | $110.4M | $179.1M | ||
| Q1 24 | $120.8M | $146.7M |
总债务CSGSROCK
| Q4 25 | $539.5M | $0 | ||
| Q3 25 | $538.6M | $0 | ||
| Q2 25 | $537.8M | $0 | ||
| Q1 25 | $537.6M | $0 | ||
| Q4 24 | $538.5M | $0 | ||
| Q3 24 | $539.5M | $0 | ||
| Q2 24 | $540.5M | $0 | ||
| Q1 24 | $541.5M | $0 |
股东权益CSGSROCK
| Q4 25 | $283.7M | $950.4M | ||
| Q3 25 | $289.5M | $951.8M | ||
| Q2 25 | $290.7M | $1.0B | ||
| Q1 25 | $283.1M | $1.0B | ||
| Q4 24 | $282.6M | $1.0B | ||
| Q3 24 | $288.4M | $1.0B | ||
| Q2 24 | $273.3M | $975.7M | ||
| Q1 24 | $269.3M | $940.2M |
总资产CSGSROCK
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.5B | $1.4B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.3B | $1.3B |
负债/权益比CSGSROCK
| Q4 25 | 1.90× | 0.00× | ||
| Q3 25 | 1.86× | 0.00× | ||
| Q2 25 | 1.85× | 0.00× | ||
| Q1 25 | 1.90× | 0.00× | ||
| Q4 24 | 1.91× | 0.00× | ||
| Q3 24 | 1.87× | 0.00× | ||
| Q2 24 | 1.98× | 0.00× | ||
| Q1 24 | 2.01× | 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 | $59.2M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $26.2M |
| 自由现金流率自由现金流/营收 | 17.3% | 11.7% |
| 资本支出强度资本支出/营收 | 1.1% | 4.1% |
| 现金转化率经营现金流/净利润 | 8.46× | — |
| 过去12个月自由现金流最近4个季度 | $141.4M | $120.6M |
8季度趋势，按日历期对齐
经营现金流CSGSROCK
| Q4 25 | $59.2M | $35.5M | ||
| Q3 25 | $47.9M | $73.0M | ||
| Q2 25 | $37.3M | $44.9M | ||
| Q1 25 | $11.5M | $13.7M | ||
| Q4 24 | $82.5M | $19.9M | ||
| Q3 24 | $39.5M | $64.7M | ||
| Q2 24 | $43.1M | $36.5M | ||
| Q1 24 | $-29.4M | $53.2M |
自由现金流CSGSROCK
| Q4 25 | $55.8M | $26.2M | ||
| Q3 25 | $43.9M | $64.8M | ||
| Q2 25 | $34.6M | $27.3M | ||
| Q1 25 | $7.1M | $2.3M | ||
| Q4 24 | $76.6M | $14.1M | ||
| Q3 24 | $32.0M | $60.5M | ||
| Q2 24 | $38.8M | $33.5M | ||
| Q1 24 | $-34.1M | $48.8M |
自由现金流率CSGSROCK
| Q4 25 | 17.3% | 11.7% | ||
| Q3 25 | 14.5% | 20.8% | ||
| Q2 25 | 11.6% | 8.8% | ||
| Q1 25 | 2.4% | 0.8% | ||
| Q4 24 | 24.2% | 7.8% | ||
| Q3 24 | 10.8% | 21.8% | ||
| Q2 24 | 13.4% | 12.2% | ||
| Q1 24 | -11.6% | 16.7% |
资本支出强度CSGSROCK
| Q4 25 | 1.1% | 4.1% | ||
| Q3 25 | 1.3% | 2.6% | ||
| Q2 25 | 0.9% | 5.7% | ||
| Q1 25 | 1.5% | 3.9% | ||
| Q4 24 | 1.9% | 3.3% | ||
| Q3 24 | 2.5% | 1.5% | ||
| Q2 24 | 1.5% | 1.1% | ||
| Q1 24 | 1.6% | 1.5% |
现金转化率CSGSROCK
| Q4 25 | 8.46× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | 3.04× | 1.73× | ||
| Q1 25 | 0.71× | 0.65× | ||
| Q4 24 | 2.39× | — | ||
| Q3 24 | 2.07× | 1.90× | ||
| Q2 24 | 3.12× | 1.13× | ||
| Q1 24 | -1.51× | 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
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
