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GRAFTECH INTERNATIONAL LTD（EAF）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GRAFTECH INTERNATIONAL LTD的1.9倍（$225.0M vs $116.5M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -13.2%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-39.3M），过去两年GRAFTECH INTERNATIONAL LTD的营收复合增速更高（-7.7% vs -12.3%）
格瑞泰克国际有限公司是石墨电极与石油焦生产商，其产品是电弧炉炼钢及其他金属生产的核心原材料。公司总部位于俄亥俄州布鲁克林海茨，在法国加来、西班牙潘普洛纳、墨西哥蒙特雷以及美国宾夕法尼亚州圣玛丽斯均设有生产基地。
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。
EAF vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.9倍
$116.5M
营收增速更快
ROCK
高出38.2%
-13.2%
自由现金流更多
ROCK
多$65.5M
$-39.3M
两年增速更快
EAF
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $116.5M | $225.0M |
| 净利润 | $-65.1M | — |
| 毛利率 | -20.9% | 25.3% |
| 营业利润率 | -33.6% | 7.9% |
| 净利率 | -55.9% | — |
| 营收同比 | -13.2% | 24.9% |
| 净利润同比 | -31.6% | — |
| 每股收益（稀释后） | $-6.86 | — |
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EAFROCK
| Q4 25 | $116.5M | $225.0M | ||
| Q3 25 | $144.0M | $310.9M | ||
| Q2 25 | $131.8M | $309.5M | ||
| Q1 25 | $111.8M | $290.0M | ||
| Q4 24 | $134.2M | $180.1M | ||
| Q3 24 | $130.7M | $277.1M | ||
| Q2 24 | $137.3M | $273.6M | ||
| Q1 24 | $136.6M | $292.5M |
净利润EAFROCK
| Q4 25 | $-65.1M | — | ||
| Q3 25 | $-28.5M | $-89.1M | ||
| Q2 25 | $-86.9M | $26.0M | ||
| Q1 25 | $-39.4M | $21.1M | ||
| Q4 24 | $-49.5M | — | ||
| Q3 24 | $-36.1M | $34.0M | ||
| Q2 24 | $-14.8M | $32.2M | ||
| Q1 24 | $-30.9M | $24.9M |
毛利率EAFROCK
| Q4 25 | -20.9% | 25.3% | ||
| Q3 25 | 7.2% | 26.6% | ||
| Q2 25 | 0.0% | 28.4% | ||
| Q1 25 | -1.5% | 26.8% | ||
| Q4 24 | -7.8% | 29.0% | ||
| Q3 24 | -9.2% | 29.4% | ||
| Q2 24 | 2.9% | 30.5% | ||
| Q1 24 | -1.0% | 28.9% |
营业利润率EAFROCK
| Q4 25 | -33.6% | 7.9% | ||
| Q3 25 | -3.6% | 12.8% | ||
| Q2 25 | -11.0% | 12.8% | ||
| Q1 25 | -16.3% | 8.8% | ||
| Q4 24 | -18.6% | 13.3% | ||
| Q3 24 | -20.1% | 15.6% | ||
| Q2 24 | -2.0% | 14.9% | ||
| Q1 24 | -15.6% | 10.8% |
净利率EAFROCK
| Q4 25 | -55.9% | — | ||
| Q3 25 | -19.8% | -28.6% | ||
| Q2 25 | -65.9% | 8.4% | ||
| Q1 25 | -35.2% | 7.3% | ||
| Q4 24 | -36.9% | — | ||
| Q3 24 | -27.6% | 12.3% | ||
| Q2 24 | -10.7% | 11.8% | ||
| Q1 24 | -22.6% | 8.5% |
每股收益（稀释后）EAFROCK
| Q4 25 | $-6.86 | — | ||
| Q3 25 | $-1.10 | $-2.98 | ||
| Q2 25 | $-0.34 | $0.87 | ||
| Q1 25 | $-0.15 | — | ||
| Q4 24 | $-3.51 | — | ||
| Q3 24 | $-1.40 | $1.11 | ||
| Q2 24 | $-0.06 | $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 | $1.1B | $0 |
| 股东权益账面价值 | $-259.6M | $950.4M |
| 总资产 | $1.0B | $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EAFROCK
| 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 | $120.7M | $179.1M | ||
| Q1 24 | $165.2M | $146.7M |
总债务EAFROCK
| Q4 25 | $1.1B | $0 | ||
| Q3 25 | $1.1B | $0 | ||
| Q2 25 | $1.1B | $0 | ||
| Q1 25 | $1.1B | $0 | ||
| Q4 24 | $1.1B | $0 | ||
| Q3 24 | $929.5M | $0 | ||
| Q2 24 | $928.2M | $0 | ||
| Q1 24 | $926.9M | $0 |
股东权益EAFROCK
| Q4 25 | $-259.6M | $950.4M | ||
| Q3 25 | $-194.4M | $951.8M | ||
| Q2 25 | $-168.4M | $1.0B | ||
| Q1 25 | $-105.3M | $1.0B | ||
| Q4 24 | $-78.9M | $1.0B | ||
| Q3 24 | $-9.0M | $1.0B | ||
| Q2 24 | $16.2M | $975.7M | ||
| Q1 24 | $37.6M | $940.2M |
总资产EAFROCK
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $1.2B | $1.4B | ||
| Q1 24 | $1.2B | $1.3B |
负债/权益比EAFROCK
| 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 | 57.16× | 0.00× | ||
| Q1 24 | 24.64× | 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 | $-20.9M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-39.3M | $26.2M |
| 自由现金流率自由现金流/营收 | -33.7% | 11.7% |
| 资本支出强度资本支出/营收 | 15.8% | 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 | $-120.5M | $120.6M |
8季度趋势，按日历期对齐
经营现金流EAFROCK
| Q4 25 | $-20.9M | $35.5M | ||
| Q3 25 | $24.7M | $73.0M | ||
| Q2 25 | $-53.2M | $44.9M | ||
| Q1 25 | $-32.2M | $13.7M | ||
| Q4 24 | $-26.4M | $19.9M | ||
| Q3 24 | $23.7M | $64.7M | ||
| Q2 24 | $-36.9M | $36.5M | ||
| Q1 24 | $-530.0K | $53.2M |
自由现金流EAFROCK
| Q4 25 | $-39.3M | $26.2M | ||
| Q3 25 | $18.4M | $64.8M | ||
| Q2 25 | $-57.1M | $27.3M | ||
| Q1 25 | $-42.5M | $2.3M | ||
| Q4 24 | $-39.2M | $14.1M | ||
| Q3 24 | $19.7M | $60.5M | ||
| Q2 24 | $-43.8M | $33.5M | ||
| Q1 24 | $-11.0M | $48.8M |
自由现金流率EAFROCK
| Q4 25 | -33.7% | 11.7% | ||
| Q3 25 | 12.8% | 20.8% | ||
| Q2 25 | -43.3% | 8.8% | ||
| Q1 25 | -38.0% | 0.8% | ||
| Q4 24 | -29.2% | 7.8% | ||
| Q3 24 | 15.1% | 21.8% | ||
| Q2 24 | -31.9% | 12.2% | ||
| Q1 24 | -8.1% | 16.7% |
资本支出强度EAFROCK
| Q4 25 | 15.8% | 4.1% | ||
| Q3 25 | 4.4% | 2.6% | ||
| Q2 25 | 3.0% | 5.7% | ||
| Q1 25 | 9.2% | 3.9% | ||
| Q4 24 | 9.5% | 3.3% | ||
| Q3 24 | 3.1% | 1.5% | ||
| Q2 24 | 5.1% | 1.1% | ||
| Q1 24 | 7.7% | 1.5% |
现金转化率EAFROCK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | — | ||
| 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
EAF
| Graphite Electrodes | $107.0M | 92% |
| By Products And Other | $9.4M | 8% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
