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DULUTH HOLDINGS INC.（DLTH）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DULUTH HOLDINGS INC.的2.0倍（$225.0M vs $114.9M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -9.6%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-8.9M），过去两年GIBRALTAR INDUSTRIES, INC.的营收复合增速更高（-12.3% vs -31.6%）
德卢思控股是一家美国工装及配饰企业，主打通过旗下德卢思贸易品牌开展产品销售业务，面向市场推出各类实用工装及相关配饰产品，是美国本土颇具特色的服饰零售企业。
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。
DLTH vs ROCK — 直观对比
营收规模更大
ROCK
是对方的2.0倍
$114.9M
营收增速更快
ROCK
高出34.5%
-9.6%
自由现金流更多
ROCK
多$35.2M
$-8.9M
两年增速更快
ROCK
近两年复合增速
-31.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $114.9M | $225.0M |
| 净利润 | $-10.1M | — |
| 毛利率 | 53.8% | 25.3% |
| 营业利润率 | -7.7% | 7.9% |
| 净利率 | -8.8% | — |
| 营收同比 | -9.6% | 24.9% |
| 净利润同比 | 64.6% | — |
| 每股收益（稀释后） | $-0.29 | — |
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DLTHROCK
| Q4 25 | $114.9M | $225.0M | ||
| Q3 25 | $131.7M | $310.9M | ||
| Q2 25 | $102.7M | $309.5M | ||
| Q1 25 | $241.3M | $290.0M | ||
| Q4 24 | $127.1M | $180.1M | ||
| Q3 24 | $141.6M | $277.1M | ||
| Q2 24 | $116.7M | $273.6M | ||
| Q1 24 | $245.6M | $292.5M |
净利润DLTHROCK
| Q4 25 | $-10.1M | — | ||
| Q3 25 | $1.3M | $-89.1M | ||
| Q2 25 | $-15.3M | $26.0M | ||
| Q1 25 | $-5.6M | $21.1M | ||
| Q4 24 | $-28.2M | — | ||
| Q3 24 | $-2.0M | $34.0M | ||
| Q2 24 | $-7.9M | $32.2M | ||
| Q1 24 | $6.4M | $24.9M |
毛利率DLTHROCK
| Q4 25 | 53.8% | 25.3% | ||
| Q3 25 | 54.7% | 26.6% | ||
| Q2 25 | 52.0% | 28.4% | ||
| Q1 25 | 44.1% | 26.8% | ||
| Q4 24 | 52.3% | 29.0% | ||
| Q3 24 | 52.3% | 29.4% | ||
| Q2 24 | 52.8% | 30.5% | ||
| Q1 24 | 48.2% | 28.9% |
营业利润率DLTHROCK
| Q4 25 | -7.7% | 7.9% | ||
| Q3 25 | 1.8% | 12.8% | ||
| Q2 25 | -12.0% | 12.8% | ||
| Q1 25 | -1.8% | 8.8% | ||
| Q4 24 | -17.4% | 13.3% | ||
| Q3 24 | -1.1% | 15.6% | ||
| Q2 24 | -7.7% | 14.9% | ||
| Q1 24 | 3.6% | 10.8% |
净利率DLTHROCK
| Q4 25 | -8.8% | — | ||
| Q3 25 | 1.0% | -28.6% | ||
| Q2 25 | -14.9% | 8.4% | ||
| Q1 25 | -2.3% | 7.3% | ||
| Q4 24 | -22.2% | — | ||
| Q3 24 | -1.4% | 12.3% | ||
| Q2 24 | -6.7% | 11.8% | ||
| Q1 24 | 2.6% | 8.5% |
每股收益（稀释后）DLTHROCK
| Q4 25 | $-0.29 | — | ||
| Q3 25 | $0.04 | $-2.98 | ||
| Q2 25 | $-0.45 | $0.87 | ||
| Q1 25 | $-0.17 | — | ||
| Q4 24 | $-0.84 | — | ||
| Q3 24 | $-0.06 | $1.11 | ||
| Q2 24 | $-0.24 | $1.05 | ||
| Q1 24 | $0.20 | — |
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 | $8.2M | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $160.6M | $950.4M |
| 总资产 | $468.0M | $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DLTHROCK
| Q4 25 | $8.2M | $115.7M | ||
| Q3 25 | $5.7M | $89.4M | ||
| Q2 25 | $8.6M | $43.3M | ||
| Q1 25 | $3.3M | $25.1M | ||
| Q4 24 | $9.3M | $269.5M | ||
| Q3 24 | $9.8M | $228.9M | ||
| Q2 24 | $6.8M | $179.1M | ||
| Q1 24 | $32.2M | $146.7M |
总债务DLTHROCK
| 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DLTHROCK
| Q4 25 | $160.6M | $950.4M | ||
| Q3 25 | $170.0M | $951.8M | ||
| Q2 25 | $167.9M | $1.0B | ||
| Q1 25 | $182.7M | $1.0B | ||
| Q4 24 | $188.1M | $1.0B | ||
| Q3 24 | $215.7M | $1.0B | ||
| Q2 24 | $218.4M | $975.7M | ||
| Q1 24 | $222.8M | $940.2M |
总资产DLTHROCK
| Q4 25 | $468.0M | $1.4B | ||
| Q3 25 | $433.8M | $1.4B | ||
| Q2 25 | $463.7M | $1.5B | ||
| Q1 25 | $452.4M | $1.4B | ||
| Q4 24 | $533.1M | $1.4B | ||
| Q3 24 | $488.6M | $1.4B | ||
| Q2 24 | $471.4M | $1.4B | ||
| Q1 24 | $491.2M | $1.3B |
负债/权益比DLTHROCK
| 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 | $-6.7M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $26.2M |
| 自由现金流率自由现金流/营收 | -7.8% | 11.7% |
| 资本支出强度资本支出/营收 | 2.0% | 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 | $1.7M | $120.6M |
8季度趋势，按日历期对齐
经营现金流DLTHROCK
| Q4 25 | $-6.7M | $35.5M | ||
| Q3 25 | $32.0M | $73.0M | ||
| Q2 25 | $-56.5M | $44.9M | ||
| Q1 25 | $41.2M | $13.7M | ||
| Q4 24 | $-41.1M | $19.9M | ||
| Q3 24 | $16.6M | $64.7M | ||
| Q2 24 | $-33.7M | $36.5M | ||
| Q1 24 | $69.7M | $53.2M |
自由现金流DLTHROCK
| Q4 25 | $-8.9M | $26.2M | ||
| Q3 25 | $29.8M | $64.8M | ||
| Q2 25 | $-57.8M | $27.3M | ||
| Q1 25 | $38.7M | $2.3M | ||
| Q4 24 | $-43.7M | $14.1M | ||
| Q3 24 | $15.0M | $60.5M | ||
| Q2 24 | $-35.2M | $33.5M | ||
| Q1 24 | $60.6M | $48.8M |
自由现金流率DLTHROCK
| Q4 25 | -7.8% | 11.7% | ||
| Q3 25 | 22.6% | 20.8% | ||
| Q2 25 | -56.3% | 8.8% | ||
| Q1 25 | 16.0% | 0.8% | ||
| Q4 24 | -34.4% | 7.8% | ||
| Q3 24 | 10.6% | 21.8% | ||
| Q2 24 | -30.2% | 12.2% | ||
| Q1 24 | 24.7% | 16.7% |
资本支出强度DLTHROCK
| Q4 25 | 2.0% | 4.1% | ||
| Q3 25 | 1.7% | 2.6% | ||
| Q2 25 | 1.3% | 5.7% | ||
| Q1 25 | 1.0% | 3.9% | ||
| Q4 24 | 2.1% | 3.3% | ||
| Q3 24 | 1.2% | 1.5% | ||
| Q2 24 | 1.3% | 1.1% | ||
| Q1 24 | 3.7% | 1.5% |
现金转化率DLTHROCK
| Q4 25 | — | — | ||
| Q3 25 | 25.40× | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | 10.86× | 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
DLTH
| Sales Channel Directly To Consumer | $67.4M | 59% |
| Sales Channel Through Intermediary | $47.4M | 41% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
