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DT Midstream, Inc.（DTM）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
DT Midstream, Inc.的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.4倍（$317.0M vs $225.0M），DT Midstream, Inc.同比增速更快（27.3% vs 24.9%），DT Midstream, Inc.自由现金流更多（$30.0M vs $26.2M），过去两年DT Midstream, Inc.的营收复合增速更高（14.9% vs -12.3%）
ONEOK是美国油气中游运营商，总部位于俄克拉荷马州塔尔萨，为油气行业提供收集、处理、分馏、运输及存储服务，是财富500强企业及标普500指数成分股。公司1906年成立时名为俄克拉荷马天然气公司，1980年更为现名。
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。
DTM vs ROCK — 直观对比
营收规模更大
DTM
是对方的1.4倍
$225.0M
营收增速更快
DTM
高出2.4%
24.9%
自由现金流更多
DTM
多$3.8M
$26.2M
两年增速更快
DTM
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.0M | $225.0M |
| 净利润 | $111.0M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | 49.2% | 7.9% |
| 净利率 | 35.0% | — |
| 营收同比 | 27.3% | 24.9% |
| 净利润同比 | 52.1% | — |
| 每股收益（稀释后） | $1.07 | — |
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DTMROCK
| Q4 25 | $317.0M | $225.0M | ||
| Q3 25 | $314.0M | $310.9M | ||
| Q2 25 | $309.0M | $309.5M | ||
| Q1 25 | $303.0M | $290.0M | ||
| Q4 24 | $249.0M | $180.1M | ||
| Q3 24 | $248.0M | $277.1M | ||
| Q2 24 | $244.0M | $273.6M | ||
| Q1 24 | $240.0M | $292.5M |
净利润DTMROCK
| Q4 25 | $111.0M | — | ||
| Q3 25 | $115.0M | $-89.1M | ||
| Q2 25 | $107.0M | $26.0M | ||
| Q1 25 | $108.0M | $21.1M | ||
| Q4 24 | $73.0M | — | ||
| Q3 24 | $88.0M | $34.0M | ||
| Q2 24 | $96.0M | $32.2M | ||
| Q1 24 | $97.0M | $24.9M |
毛利率DTMROCK
| 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DTMROCK
| Q4 25 | 49.2% | 7.9% | ||
| Q3 25 | 49.4% | 12.8% | ||
| Q2 25 | 50.2% | 12.8% | ||
| Q1 25 | 48.8% | 8.8% | ||
| Q4 24 | 45.4% | 13.3% | ||
| Q3 24 | 49.2% | 15.6% | ||
| Q2 24 | 53.3% | 14.9% | ||
| Q1 24 | 51.7% | 10.8% |
净利率DTMROCK
| Q4 25 | 35.0% | — | ||
| Q3 25 | 36.6% | -28.6% | ||
| Q2 25 | 34.6% | 8.4% | ||
| Q1 25 | 35.6% | 7.3% | ||
| Q4 24 | 29.3% | — | ||
| Q3 24 | 35.5% | 12.3% | ||
| Q2 24 | 39.3% | 11.8% | ||
| Q1 24 | 40.4% | 8.5% |
每股收益（稀释后）DTMROCK
| Q4 25 | $1.07 | — | ||
| Q3 25 | $1.13 | $-2.98 | ||
| Q2 25 | $1.04 | $0.87 | ||
| Q1 25 | $1.06 | — | ||
| Q4 24 | $0.73 | — | ||
| Q3 24 | $0.90 | $1.11 | ||
| Q2 24 | $0.98 | $1.05 | ||
| Q1 24 | $0.99 | — |
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 | $54.0M | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $4.7B | $950.4M |
| 总资产 | $10.1B | $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DTMROCK
| Q4 25 | $54.0M | $115.7M | ||
| Q3 25 | $98.0M | $89.4M | ||
| Q2 25 | $74.0M | $43.3M | ||
| Q1 25 | $83.0M | $25.1M | ||
| Q4 24 | $68.0M | $269.5M | ||
| Q3 24 | $77.0M | $228.9M | ||
| Q2 24 | $73.0M | $179.1M | ||
| Q1 24 | $41.0M | $146.7M |
总债务DTMROCK
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | $3.4B | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益DTMROCK
| Q4 25 | $4.7B | $950.4M | ||
| Q3 25 | $4.7B | $951.8M | ||
| Q2 25 | $4.7B | $1.0B | ||
| Q1 25 | $4.6B | $1.0B | ||
| Q4 24 | $4.6B | $1.0B | ||
| Q3 24 | $4.2B | $1.0B | ||
| Q2 24 | $4.2B | $975.7M | ||
| Q1 24 | $4.2B | $940.2M |
总资产DTMROCK
| Q4 25 | $10.1B | $1.4B | ||
| Q3 25 | $10.1B | $1.4B | ||
| Q2 25 | $10.0B | $1.5B | ||
| Q1 25 | $9.9B | $1.4B | ||
| Q4 24 | $9.9B | $1.4B | ||
| Q3 24 | $8.6B | $1.4B | ||
| Q2 24 | $9.0B | $1.4B | ||
| Q1 24 | $9.0B | $1.3B |
负债/权益比DTMROCK
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 0.72× | 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 | $161.0M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $26.2M |
| 自由现金流率自由现金流/营收 | 9.5% | 11.7% |
| 资本支出强度资本支出/营收 | 41.3% | 4.1% |
| 现金转化率经营现金流/净利润 | 1.45× | — |
| 过去12个月自由现金流最近4个季度 | $441.0M | $120.6M |
8季度趋势，按日历期对齐
经营现金流DTMROCK
| Q4 25 | $161.0M | $35.5M | ||
| Q3 25 | $274.0M | $73.0M | ||
| Q2 25 | $185.0M | $44.9M | ||
| Q1 25 | $247.0M | $13.7M | ||
| Q4 24 | $152.0M | $19.9M | ||
| Q3 24 | $205.0M | $64.7M | ||
| Q2 24 | $165.0M | $36.5M | ||
| Q1 24 | $241.0M | $53.2M |
自由现金流DTMROCK
| Q4 25 | $30.0M | $26.2M | ||
| Q3 25 | $131.0M | $64.8M | ||
| Q2 25 | $104.0M | $27.3M | ||
| Q1 25 | $176.0M | $2.3M | ||
| Q4 24 | $62.0M | $14.1M | ||
| Q3 24 | $124.0M | $60.5M | ||
| Q2 24 | $84.0M | $33.5M | ||
| Q1 24 | $143.0M | $48.8M |
自由现金流率DTMROCK
| Q4 25 | 9.5% | 11.7% | ||
| Q3 25 | 41.7% | 20.8% | ||
| Q2 25 | 33.7% | 8.8% | ||
| Q1 25 | 58.1% | 0.8% | ||
| Q4 24 | 24.9% | 7.8% | ||
| Q3 24 | 50.0% | 21.8% | ||
| Q2 24 | 34.4% | 12.2% | ||
| Q1 24 | 59.6% | 16.7% |
资本支出强度DTMROCK
| Q4 25 | 41.3% | 4.1% | ||
| Q3 25 | 45.5% | 2.6% | ||
| Q2 25 | 26.2% | 5.7% | ||
| Q1 25 | 23.4% | 3.9% | ||
| Q4 24 | 36.1% | 3.3% | ||
| Q3 24 | 32.7% | 1.5% | ||
| Q2 24 | 33.2% | 1.1% | ||
| Q1 24 | 40.8% | 1.5% |
现金转化率DTMROCK
| Q4 25 | 1.45× | — | ||
| Q3 25 | 2.38× | — | ||
| Q2 25 | 1.73× | 1.73× | ||
| Q1 25 | 2.29× | 0.65× | ||
| Q4 24 | 2.08× | — | ||
| Q3 24 | 2.33× | 1.90× | ||
| Q2 24 | 1.72× | 1.13× | ||
| Q1 24 | 2.48× | 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
DTM
| Pipeline Segment | $173.0M | 55% |
| Gathering Segment | $144.0M | 45% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
