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威伯科（CVGI）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.的季度营收约是威伯科的1.5倍（$225.0M vs $154.8M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -5.2%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $8.7M），过去两年威伯科的营收复合增速更高（-10.8% vs -12.3%）
威伯科控股曾是总部位于美国的重型商用车零部件供应商，主打电子制动、稳定性控制、悬挂及传动自动化系统，产品广泛应用于卡车、巴士、挂车以及非道路作业车辆等各类商用车领域，是商用车行业重要的零部件提供商。
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。
CVGI vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.5倍
$154.8M
营收增速更快
ROCK
高出30.2%
-5.2%
自由现金流更多
ROCK
多$17.5M
$8.7M
两年增速更快
CVGI
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $154.8M | $225.0M |
| 净利润 | — | — |
| 毛利率 | 9.7% | 25.3% |
| 营业利润率 | -1.2% | 7.9% |
| 净利率 | — | — |
| 营收同比 | -5.2% | 24.9% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | — |
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CVGIROCK
| Q4 25 | $154.8M | $225.0M | ||
| Q3 25 | $152.5M | $310.9M | ||
| Q2 25 | $172.0M | $309.5M | ||
| Q1 25 | $169.8M | $290.0M | ||
| Q4 24 | $163.3M | $180.1M | ||
| Q3 24 | $171.8M | $277.1M | ||
| Q2 24 | $193.7M | $273.6M | ||
| Q1 24 | $194.6M | $292.5M |
净利润CVGIROCK
| Q4 25 | — | — | ||
| Q3 25 | $-7.1M | $-89.1M | ||
| Q2 25 | $-4.8M | $26.0M | ||
| Q1 25 | $-4.3M | $21.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | $9.5M | $34.0M | ||
| Q2 24 | $-1.6M | $32.2M | ||
| Q1 24 | $2.9M | $24.9M |
毛利率CVGIROCK
| Q4 25 | 9.7% | 25.3% | ||
| Q3 25 | 10.5% | 26.6% | ||
| Q2 25 | 11.4% | 28.4% | ||
| Q1 25 | 10.5% | 26.8% | ||
| Q4 24 | 8.0% | 29.0% | ||
| Q3 24 | 9.6% | 29.4% | ||
| Q2 24 | 10.6% | 30.5% | ||
| Q1 24 | 11.9% | 28.9% |
营业利润率CVGIROCK
| Q4 25 | -1.2% | 7.9% | ||
| Q3 25 | -0.7% | 12.8% | ||
| Q2 25 | 0.5% | 12.8% | ||
| Q1 25 | 0.8% | 8.8% | ||
| Q4 24 | -3.2% | 13.3% | ||
| Q3 24 | -0.6% | 15.6% | ||
| Q2 24 | 0.5% | 14.9% | ||
| Q1 24 | 2.3% | 10.8% |
净利率CVGIROCK
| Q4 25 | — | — | ||
| Q3 25 | -4.6% | -28.6% | ||
| Q2 25 | -2.8% | 8.4% | ||
| Q1 25 | -2.5% | 7.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.5% | 12.3% | ||
| Q2 24 | -0.8% | 11.8% | ||
| Q1 24 | 1.5% | 8.5% |
每股收益（稀释后）CVGIROCK
| Q4 25 | — | — | ||
| Q3 25 | — | $-2.98 | ||
| Q2 25 | — | $0.87 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.11 | ||
| Q2 24 | $-0.05 | $1.05 | ||
| Q1 24 | $0.09 | — |
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 | $104.9M | $0 |
| 股东权益账面价值 | $133.4M | $950.4M |
| 总资产 | $391.7M | $1.4B |
| 负债/权益比越低杠杆越低 | 0.79× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CVGIROCK
| 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CVGIROCK
| Q4 25 | $104.9M | $0 | ||
| Q3 25 | $108.2M | $0 | ||
| Q2 25 | $118.2M | $0 | ||
| Q1 25 | $117.4M | $0 | ||
| Q4 24 | $135.5M | $0 | ||
| Q3 24 | $128.8M | $0 | ||
| Q2 24 | $142.0M | $0 | ||
| Q1 24 | $155.7M | $0 |
股东权益CVGIROCK
| Q4 25 | $133.4M | $950.4M | ||
| Q3 25 | $136.5M | $951.8M | ||
| Q2 25 | $142.6M | $1.0B | ||
| Q1 25 | $136.7M | $1.0B | ||
| Q4 24 | $135.6M | $1.0B | ||
| Q3 24 | $179.3M | $1.0B | ||
| Q2 24 | $169.6M | $975.7M | ||
| Q1 24 | $175.5M | $940.2M |
总资产CVGIROCK
| Q4 25 | $391.7M | $1.4B | ||
| Q3 25 | $400.3M | $1.4B | ||
| Q2 25 | $429.8M | $1.5B | ||
| Q1 25 | $419.8M | $1.4B | ||
| Q4 24 | $424.6M | $1.4B | ||
| Q3 24 | $495.3M | $1.4B | ||
| Q2 24 | $503.2M | $1.4B | ||
| Q1 24 | $509.2M | $1.3B |
负债/权益比CVGIROCK
| Q4 25 | 0.79× | 0.00× | ||
| Q3 25 | 0.79× | 0.00× | ||
| Q2 25 | 0.83× | 0.00× | ||
| Q1 25 | 0.86× | 0.00× | ||
| Q4 24 | 1.00× | 0.00× | ||
| Q3 24 | 0.72× | 0.00× | ||
| Q2 24 | 0.84× | 0.00× | ||
| Q1 24 | 0.89× | 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 | $12.3M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $8.7M | $26.2M |
| 自由现金流率自由现金流/营收 | 5.6% | 11.7% |
| 资本支出强度资本支出/营收 | 2.3% | 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 | $34.0M | $120.6M |
8季度趋势，按日历期对齐
经营现金流CVGIROCK
| Q4 25 | $12.3M | $35.5M | ||
| Q3 25 | $-1.7M | $73.0M | ||
| Q2 25 | $18.9M | $44.9M | ||
| Q1 25 | $15.2M | $13.7M | ||
| Q4 24 | $-26.6M | $19.9M | ||
| Q3 24 | $-17.1M | $64.7M | ||
| Q2 24 | $12.6M | $36.5M | ||
| Q1 24 | $-2.4M | $53.2M |
自由现金流CVGIROCK
| Q4 25 | $8.7M | $26.2M | ||
| Q3 25 | $-3.5M | $64.8M | ||
| Q2 25 | $17.4M | $27.3M | ||
| Q1 25 | $11.4M | $2.3M | ||
| Q4 24 | $-30.6M | $14.1M | ||
| Q3 24 | $-20.3M | $60.5M | ||
| Q2 24 | $6.4M | $33.5M | ||
| Q1 24 | $-7.4M | $48.8M |
自由现金流率CVGIROCK
| Q4 25 | 5.6% | 11.7% | ||
| Q3 25 | -2.3% | 20.8% | ||
| Q2 25 | 10.1% | 8.8% | ||
| Q1 25 | 6.7% | 0.8% | ||
| Q4 24 | -18.7% | 7.8% | ||
| Q3 24 | -11.8% | 21.8% | ||
| Q2 24 | 3.3% | 12.2% | ||
| Q1 24 | -3.8% | 16.7% |
资本支出强度CVGIROCK
| Q4 25 | 2.3% | 4.1% | ||
| Q3 25 | 1.2% | 2.6% | ||
| Q2 25 | 0.9% | 5.7% | ||
| Q1 25 | 2.2% | 3.9% | ||
| Q4 24 | 2.4% | 3.3% | ||
| Q3 24 | 1.9% | 1.5% | ||
| Q2 24 | 3.2% | 1.1% | ||
| Q1 24 | 2.6% | 1.5% |
现金转化率CVGIROCK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | -1.79× | 1.90× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | -0.80× | 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
CVGI
| Global Seating | $70.7M | 46% |
| Global Electrical Systems | $49.7M | 32% |
| Trim Systems And Components | $34.4M | 22% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
