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FORUM ENERGY TECHNOLOGIES, INC.（FET）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FORUM ENERGY TECHNOLOGIES, INC.的1.1倍（$225.0M vs $202.2M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 0.6%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $20.9M），过去两年FORUM ENERGY TECHNOLOGIES, INC.的营收复合增速更高（-0.0% vs -12.3%）
Forum Energy Technologies是一家美国能源领域产品企业，面向全球油气及可再生能源行业，提供相关产品与配套服务，在能源产业链中为上下游客户供应专业配套解决方案。
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。
FET vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.1倍
$202.2M
营收增速更快
ROCK
高出24.4%
0.6%
自由现金流更多
ROCK
多$5.3M
$20.9M
两年增速更快
FET
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $202.2M | $225.0M |
| 净利润 | $2.1M | — |
| 毛利率 | 30.2% | 25.3% |
| 营业利润率 | 6.3% | 7.9% |
| 净利率 | 1.0% | — |
| 营收同比 | 0.6% | 24.9% |
| 净利润同比 | 102.0% | — |
| 每股收益（稀释后） | $0.25 | — |
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FETROCK
| Q4 25 | $202.2M | $225.0M | ||
| Q3 25 | $196.2M | $310.9M | ||
| Q2 25 | $199.8M | $309.5M | ||
| Q1 25 | $193.3M | $290.0M | ||
| Q4 24 | $201.0M | $180.1M | ||
| Q3 24 | $207.8M | $277.1M | ||
| Q2 24 | $205.2M | $273.6M | ||
| Q1 24 | $202.4M | $292.5M |
净利润FETROCK
| Q4 25 | $2.1M | — | ||
| Q3 25 | $-20.6M | $-89.1M | ||
| Q2 25 | $7.7M | $26.0M | ||
| Q1 25 | $1.1M | $21.1M | ||
| Q4 24 | $-103.5M | — | ||
| Q3 24 | $-14.8M | $34.0M | ||
| Q2 24 | $-6.7M | $32.2M | ||
| Q1 24 | $-10.3M | $24.9M |
毛利率FETROCK
| Q4 25 | 30.2% | 25.3% | ||
| Q3 25 | 20.5% | 26.6% | ||
| Q2 25 | 29.7% | 28.4% | ||
| Q1 25 | 30.2% | 26.8% | ||
| Q4 24 | 31.1% | 29.0% | ||
| Q3 24 | 31.6% | 29.4% | ||
| Q2 24 | 30.7% | 30.5% | ||
| Q1 24 | 31.5% | 28.9% |
营业利润率FETROCK
| Q4 25 | 6.3% | 7.9% | ||
| Q3 25 | -3.1% | 12.8% | ||
| Q2 25 | 7.4% | 12.8% | ||
| Q1 25 | 4.6% | 8.8% | ||
| Q4 24 | -53.1% | 13.3% | ||
| Q3 24 | 4.3% | 15.6% | ||
| Q2 24 | 3.9% | 14.9% | ||
| Q1 24 | 1.6% | 10.8% |
净利率FETROCK
| Q4 25 | 1.0% | — | ||
| Q3 25 | -10.5% | -28.6% | ||
| Q2 25 | 3.9% | 8.4% | ||
| Q1 25 | 0.6% | 7.3% | ||
| Q4 24 | -51.5% | — | ||
| Q3 24 | -7.1% | 12.3% | ||
| Q2 24 | -3.3% | 11.8% | ||
| Q1 24 | -5.1% | 8.5% |
每股收益（稀释后）FETROCK
| Q4 25 | $0.25 | — | ||
| Q3 25 | $-1.76 | $-2.98 | ||
| Q2 25 | $0.61 | $0.87 | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $-8.41 | — | ||
| Q3 24 | $-1.20 | $1.11 | ||
| Q2 24 | $-0.54 | $1.05 | ||
| Q1 24 | $-0.85 | — |
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 | $34.7M | $115.7M |
| 总债务越低越好 | $135.9M | $0 |
| 股东权益账面价值 | $291.1M | $950.4M |
| 总资产 | $752.5M | $1.4B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FETROCK
| Q4 25 | $34.7M | $115.7M | ||
| Q3 25 | $31.7M | $89.4M | ||
| Q2 25 | $39.0M | $43.3M | ||
| Q1 25 | $31.1M | $25.1M | ||
| Q4 24 | $44.7M | $269.5M | ||
| Q3 24 | $33.3M | $228.9M | ||
| Q2 24 | $31.8M | $179.1M | ||
| Q1 24 | $48.5M | $146.7M |
总债务FETROCK
| Q4 25 | $135.9M | $0 | ||
| Q3 25 | $140.0M | $0 | ||
| Q2 25 | $159.3M | $0 | ||
| Q1 25 | $171.4M | $0 | ||
| Q4 24 | $188.4M | $0 | ||
| Q3 24 | $231.5M | $0 | ||
| Q2 24 | $252.9M | $0 | ||
| Q1 24 | $287.5M | $0 |
股东权益FETROCK
| Q4 25 | $291.1M | $950.4M | ||
| Q3 25 | $297.3M | $951.8M | ||
| Q2 25 | $334.2M | $1.0B | ||
| Q1 25 | $320.0M | $1.0B | ||
| Q4 24 | $319.9M | $1.0B | ||
| Q3 24 | $443.5M | $1.0B | ||
| Q2 24 | $442.0M | $975.7M | ||
| Q1 24 | $446.2M | $940.2M |
总资产FETROCK
| Q4 25 | $752.5M | $1.4B | ||
| Q3 25 | $770.1M | $1.4B | ||
| Q2 25 | $810.1M | $1.5B | ||
| Q1 25 | $790.1M | $1.4B | ||
| Q4 24 | $816.0M | $1.4B | ||
| Q3 24 | $973.7M | $1.4B | ||
| Q2 24 | $976.8M | $1.4B | ||
| Q1 24 | $1.0B | $1.3B |
负债/权益比FETROCK
| Q4 25 | 0.47× | 0.00× | ||
| Q3 25 | 0.47× | 0.00× | ||
| Q2 25 | 0.48× | 0.00× | ||
| Q1 25 | 0.54× | 0.00× | ||
| Q4 24 | 0.59× | 0.00× | ||
| Q3 24 | 0.52× | 0.00× | ||
| Q2 24 | 0.57× | 0.00× | ||
| Q1 24 | 0.64× | 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 | $22.4M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $20.9M | $26.2M |
| 自由现金流率自由现金流/营收 | 10.3% | 11.7% |
| 资本支出强度资本支出/营收 | 0.8% | 4.1% |
| 现金转化率经营现金流/净利润 | 10.83× | — |
| 过去12个月自由现金流最近4个季度 | $64.4M | $120.6M |
8季度趋势，按日历期对齐
经营现金流FETROCK
| Q4 25 | $22.4M | $35.5M | ||
| Q3 25 | $22.9M | $73.0M | ||
| Q2 25 | $15.8M | $44.9M | ||
| Q1 25 | $9.3M | $13.7M | ||
| Q4 24 | $38.5M | $19.9M | ||
| Q3 24 | $25.6M | $64.7M | ||
| Q2 24 | $23.1M | $36.5M | ||
| Q1 24 | $5.0M | $53.2M |
自由现金流FETROCK
| Q4 25 | $20.9M | $26.2M | ||
| Q3 25 | $21.5M | $64.8M | ||
| Q2 25 | $14.8M | $27.3M | ||
| Q1 25 | $7.2M | $2.3M | ||
| Q4 24 | $36.1M | $14.1M | ||
| Q3 24 | $24.3M | $60.5M | ||
| Q2 24 | $21.6M | $33.5M | ||
| Q1 24 | $2.1M | $48.8M |
自由现金流率FETROCK
| Q4 25 | 10.3% | 11.7% | ||
| Q3 25 | 10.9% | 20.8% | ||
| Q2 25 | 7.4% | 8.8% | ||
| Q1 25 | 3.7% | 0.8% | ||
| Q4 24 | 18.0% | 7.8% | ||
| Q3 24 | 11.7% | 21.8% | ||
| Q2 24 | 10.5% | 12.2% | ||
| Q1 24 | 1.0% | 16.7% |
资本支出强度FETROCK
| Q4 25 | 0.8% | 4.1% | ||
| Q3 25 | 0.7% | 2.6% | ||
| Q2 25 | 0.5% | 5.7% | ||
| Q1 25 | 1.1% | 3.9% | ||
| Q4 24 | 1.2% | 3.3% | ||
| Q3 24 | 0.6% | 1.5% | ||
| Q2 24 | 0.7% | 1.1% | ||
| Q1 24 | 1.4% | 1.5% |
现金转化率FETROCK
| Q4 25 | 10.83× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.05× | 1.73× | ||
| Q1 25 | 8.31× | 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
FET
| Drilling And Completions Segment | $127.2M | 63% |
| Artificial Lift And Downhole Segment | $75.5M | 37% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
