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Enphase Energy（ENPH）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
Enphase Energy的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.3倍（$282.9M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -20.6%），Enphase Energy自由现金流更多（$83.0M vs $26.2M），过去两年Enphase Energy的营收复合增速更高（-3.4% vs -12.3%）
Enphase Energy是总部位于美国加利福尼亚州弗里蒙特的能源科技企业，成立于2006年，是全球首家成功实现光伏微型逆变器商业化的企业，主要面向住宅用户研发生产光伏微型逆变器、储能电池及电动汽车充电桩。
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。
ENPH vs ROCK — 直观对比
营收规模更大
ENPH
是对方的1.3倍
$225.0M
营收增速更快
ROCK
高出45.5%
-20.6%
自由现金流更多
ENPH
多$56.8M
$26.2M
两年增速更快
ENPH
近两年复合增速
-12.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $282.9M | $225.0M |
| 净利润 | $-7.4M | — |
| 毛利率 | 35.5% | 25.3% |
| 营业利润率 | 54.0% | 7.9% |
| 净利率 | -2.6% | — |
| 营收同比 | -20.6% | 24.9% |
| 净利润同比 | -124.9% | — |
| 每股收益（稀释后） | $-0.06 | — |
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ENPHROCK
| Q1 26 | $282.9M | — | ||
| Q4 25 | $343.3M | $225.0M | ||
| Q3 25 | $410.4M | $310.9M | ||
| Q2 25 | $363.2M | $309.5M | ||
| Q1 25 | $356.1M | $290.0M | ||
| Q4 24 | $382.7M | $180.1M | ||
| Q3 24 | $380.9M | $277.1M | ||
| Q2 24 | $303.5M | $273.6M |
净利润ENPHROCK
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | — | ||
| Q3 25 | $66.6M | $-89.1M | ||
| Q2 25 | $37.1M | $26.0M | ||
| Q1 25 | $29.7M | $21.1M | ||
| Q4 24 | $62.2M | — | ||
| Q3 24 | $45.8M | $34.0M | ||
| Q2 24 | $10.8M | $32.2M |
毛利率ENPHROCK
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | 25.3% | ||
| Q3 25 | 47.8% | 26.6% | ||
| Q2 25 | 46.9% | 28.4% | ||
| Q1 25 | 47.2% | 26.8% | ||
| Q4 24 | 51.8% | 29.0% | ||
| Q3 24 | 46.8% | 29.4% | ||
| Q2 24 | 45.2% | 30.5% |
营业利润率ENPHROCK
| Q1 26 | 54.0% | — | ||
| Q4 25 | 6.5% | 7.9% | ||
| Q3 25 | 16.1% | 12.8% | ||
| Q2 25 | 10.2% | 12.8% | ||
| Q1 25 | 9.0% | 8.8% | ||
| Q4 24 | 14.3% | 13.3% | ||
| Q3 24 | 13.1% | 15.6% | ||
| Q2 24 | 0.6% | 14.9% |
净利率ENPHROCK
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | — | ||
| Q3 25 | 16.2% | -28.6% | ||
| Q2 25 | 10.2% | 8.4% | ||
| Q1 25 | 8.3% | 7.3% | ||
| Q4 24 | 16.2% | — | ||
| Q3 24 | 12.0% | 12.3% | ||
| Q2 24 | 3.6% | 11.8% |
每股收益（稀释后）ENPHROCK
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | — | ||
| Q3 25 | $0.50 | $-2.98 | ||
| Q2 25 | $0.28 | $0.87 | ||
| Q1 25 | $0.22 | — | ||
| Q4 24 | $0.46 | — | ||
| Q3 24 | $0.33 | $1.11 | ||
| Q2 24 | $0.08 | $1.05 |
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 | $497.5M | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $1.1B | $950.4M |
| 总资产 | $2.7B | $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ENPHROCK
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $115.7M | ||
| Q3 25 | $1.5B | $89.4M | ||
| Q2 25 | $1.5B | $43.3M | ||
| Q1 25 | $1.5B | $25.1M | ||
| Q4 24 | $1.6B | $269.5M | ||
| Q3 24 | $1.8B | $228.9M | ||
| Q2 24 | $1.6B | $179.1M |
总债务ENPHROCK
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $0 | ||
| Q3 25 | $1.2B | $0 | ||
| Q2 25 | $1.2B | $0 | ||
| Q1 25 | $1.2B | $0 | ||
| Q4 24 | $1.3B | $0 | ||
| Q3 24 | $1.3B | $0 | ||
| Q2 24 | $1.3B | $0 |
股东权益ENPHROCK
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $950.4M | ||
| Q3 25 | $995.0M | $951.8M | ||
| Q2 25 | $880.6M | $1.0B | ||
| Q1 25 | $810.7M | $1.0B | ||
| Q4 24 | $833.0M | $1.0B | ||
| Q3 24 | $931.4M | $1.0B | ||
| Q2 24 | $884.5M | $975.7M |
总资产ENPHROCK
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $1.4B | ||
| Q3 25 | $3.3B | $1.4B | ||
| Q2 25 | $3.2B | $1.5B | ||
| Q1 25 | $3.1B | $1.4B | ||
| Q4 24 | $3.2B | $1.4B | ||
| Q3 24 | $3.3B | $1.4B | ||
| Q2 24 | $3.2B | $1.4B |
负债/权益比ENPHROCK
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | 0.00× | ||
| Q3 25 | 1.21× | 0.00× | ||
| Q2 25 | 1.37× | 0.00× | ||
| Q1 25 | 1.48× | 0.00× | ||
| Q4 24 | 1.56× | 0.00× | ||
| Q3 24 | 1.40× | 0.00× | ||
| Q2 24 | 1.47× | 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 | $102.9M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | $26.2M |
| 自由现金流率自由现金流/营收 | 29.3% | 11.7% |
| 资本支出强度资本支出/营收 | — | 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 | $145.1M | $120.6M |
8季度趋势，按日历期对齐
经营现金流ENPHROCK
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $35.5M | ||
| Q3 25 | $13.9M | $73.0M | ||
| Q2 25 | $26.6M | $44.9M | ||
| Q1 25 | $48.4M | $13.7M | ||
| Q4 24 | $167.3M | $19.9M | ||
| Q3 24 | $170.1M | $64.7M | ||
| Q2 24 | $127.1M | $36.5M |
自由现金流ENPHROCK
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | $26.2M | ||
| Q3 25 | $5.9M | $64.8M | ||
| Q2 25 | $18.4M | $27.3M | ||
| Q1 25 | $33.8M | $2.3M | ||
| Q4 24 | $159.2M | $14.1M | ||
| Q3 24 | $161.6M | $60.5M | ||
| Q2 24 | $117.4M | $33.5M |
自由现金流率ENPHROCK
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | 11.7% | ||
| Q3 25 | 1.4% | 20.8% | ||
| Q2 25 | 5.1% | 8.8% | ||
| Q1 25 | 9.5% | 0.8% | ||
| Q4 24 | 41.6% | 7.8% | ||
| Q3 24 | 42.4% | 21.8% | ||
| Q2 24 | 38.7% | 12.2% |
资本支出强度ENPHROCK
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 4.1% | ||
| Q3 25 | 2.0% | 2.6% | ||
| Q2 25 | 2.3% | 5.7% | ||
| Q1 25 | 4.1% | 3.9% | ||
| Q4 24 | 2.1% | 3.3% | ||
| Q3 24 | 2.2% | 1.5% | ||
| Q2 24 | 3.2% | 1.1% |
现金转化率ENPHROCK
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 0.21× | — | ||
| Q2 25 | 0.72× | 1.73× | ||
| Q1 25 | 1.63× | 0.65× | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 3.72× | 1.90× | ||
| Q2 24 | 11.73× | 1.13× |
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
ENPH
暂无分部数据
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
