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FTAI Infrastructure Inc.（FIP）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FTAI Infrastructure Inc.的1.6倍（$225.0M vs $143.5M），FTAI Infrastructure Inc.同比增速更快（77.7% vs 24.9%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% vs -12.3%）
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
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。
FIP vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.6倍
$143.5M
营收增速更快
FIP
高出52.7%
24.9%
自由现金流更多
ROCK
多$94.9M
$-68.6M
两年增速更快
FIP
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $225.0M |
| 净利润 | $-97.7M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | -45.7% | 7.9% |
| 净利率 | -68.1% | — |
| 营收同比 | 77.7% | 24.9% |
| 净利润同比 | 21.6% | — |
| 每股收益（稀释后） | $-1.04 | — |
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FIPROCK
| Q4 25 | $143.5M | $225.0M | ||
| Q3 25 | $140.6M | $310.9M | ||
| Q2 25 | $122.3M | $309.5M | ||
| Q1 25 | $96.2M | $290.0M | ||
| Q4 24 | $80.8M | $180.1M | ||
| Q3 24 | $83.3M | $277.1M | ||
| Q2 24 | $84.9M | $273.6M | ||
| Q1 24 | $82.5M | $292.5M |
净利润FIPROCK
| Q4 25 | $-97.7M | — | ||
| Q3 25 | $-104.5M | $-89.1M | ||
| Q2 25 | $-70.0M | $26.0M | ||
| Q1 25 | $120.2M | $21.1M | ||
| Q4 24 | $-124.7M | — | ||
| Q3 24 | $-43.0M | $34.0M | ||
| Q2 24 | $-48.1M | $32.2M | ||
| Q1 24 | $-50.3M | $24.9M |
毛利率FIPROCK
| 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FIPROCK
| Q4 25 | -45.7% | 7.9% | ||
| Q3 25 | -70.8% | 12.8% | ||
| Q2 25 | -56.4% | 12.8% | ||
| Q1 25 | 81.8% | 8.8% | ||
| Q4 24 | -152.7% | 13.3% | ||
| Q3 24 | -51.7% | 15.6% | ||
| Q2 24 | -56.4% | 14.9% | ||
| Q1 24 | -58.8% | 10.8% |
净利率FIPROCK
| Q4 25 | -68.1% | — | ||
| Q3 25 | -74.4% | -28.6% | ||
| Q2 25 | -57.2% | 8.4% | ||
| Q1 25 | 125.0% | 7.3% | ||
| Q4 24 | -154.4% | — | ||
| Q3 24 | -51.6% | 12.3% | ||
| Q2 24 | -56.7% | 11.8% | ||
| Q1 24 | -60.9% | 8.5% |
每股收益（稀释后）FIPROCK
| Q4 25 | $-1.04 | — | ||
| Q3 25 | $-1.38 | $-2.98 | ||
| Q2 25 | $-0.73 | $0.87 | ||
| Q1 25 | $0.89 | — | ||
| Q4 24 | $-1.21 | — | ||
| Q3 24 | $-0.45 | $1.11 | ||
| Q2 24 | $-0.52 | $1.05 | ||
| Q1 24 | $-0.54 | — |
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 | $57.4M | $115.7M |
| 总债务越低越好 | $3.8B | $0 |
| 股东权益账面价值 | $21.3M | $950.4M |
| 总资产 | $5.7B | $1.4B |
| 负债/权益比越低杠杆越低 | 176.99× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FIPROCK
| Q4 25 | $57.4M | $115.7M | ||
| Q3 25 | $34.7M | $89.4M | ||
| Q2 25 | $33.6M | $43.3M | ||
| Q1 25 | $26.3M | $25.1M | ||
| Q4 24 | $27.8M | $269.5M | ||
| Q3 24 | $20.3M | $228.9M | ||
| Q2 24 | $33.1M | $179.1M | ||
| Q1 24 | $23.0M | $146.7M |
总债务FIPROCK
| Q4 25 | $3.8B | $0 | ||
| Q3 25 | $3.7B | $0 | ||
| Q2 25 | $3.1B | $0 | ||
| Q1 25 | $2.8B | $0 | ||
| Q4 24 | $1.6B | $0 | ||
| Q3 24 | $1.5B | $0 | ||
| Q2 24 | $1.6B | $0 | ||
| Q1 24 | $1.3B | $0 |
股东权益FIPROCK
| Q4 25 | $21.3M | $950.4M | ||
| Q3 25 | $181.1M | $951.8M | ||
| Q2 25 | $375.5M | $1.0B | ||
| Q1 25 | $476.2M | $1.0B | ||
| Q4 24 | $202.7M | $1.0B | ||
| Q3 24 | $370.8M | $1.0B | ||
| Q2 24 | $394.8M | $975.7M | ||
| Q1 24 | $402.5M | $940.2M |
总资产FIPROCK
| Q4 25 | $5.7B | $1.4B | ||
| Q3 25 | $5.5B | $1.4B | ||
| Q2 25 | $4.4B | $1.5B | ||
| Q1 25 | $4.1B | $1.4B | ||
| Q4 24 | $2.4B | $1.4B | ||
| Q3 24 | $2.4B | $1.4B | ||
| Q2 24 | $2.5B | $1.4B | ||
| Q1 24 | $2.3B | $1.3B |
负债/权益比FIPROCK
| Q4 25 | 176.99× | 0.00× | ||
| Q3 25 | 20.59× | 0.00× | ||
| Q2 25 | 8.21× | 0.00× | ||
| Q1 25 | 5.79× | 0.00× | ||
| Q4 24 | 7.84× | 0.00× | ||
| Q3 24 | 4.14× | 0.00× | ||
| Q2 24 | 3.94× | 0.00× | ||
| Q1 24 | 3.34× | 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 | $-2.8M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-68.6M | $26.2M |
| 自由现金流率自由现金流/营收 | -47.8% | 11.7% |
| 资本支出强度资本支出/营收 | 45.9% | 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 | $-398.5M | $120.6M |
8季度趋势，按日历期对齐
经营现金流FIPROCK
| Q4 25 | $-2.8M | $35.5M | ||
| Q3 25 | $-24.4M | $73.0M | ||
| Q2 25 | $-5.2M | $44.9M | ||
| Q1 25 | $-85.7M | $13.7M | ||
| Q4 24 | $-8.1M | $19.9M | ||
| Q3 24 | $14.2M | $64.7M | ||
| Q2 24 | $-17.6M | $36.5M | ||
| Q1 24 | $-3.9M | $53.2M |
自由现金流FIPROCK
| Q4 25 | $-68.6M | $26.2M | ||
| Q3 25 | $-90.7M | $64.8M | ||
| Q2 25 | $-87.5M | $27.3M | ||
| Q1 25 | $-151.7M | $2.3M | ||
| Q4 24 | $-34.3M | $14.1M | ||
| Q3 24 | $-11.7M | $60.5M | ||
| Q2 24 | $-32.1M | $33.5M | ||
| Q1 24 | $-16.7M | $48.8M |
自由现金流率FIPROCK
| Q4 25 | -47.8% | 11.7% | ||
| Q3 25 | -64.5% | 20.8% | ||
| Q2 25 | -71.6% | 8.8% | ||
| Q1 25 | -157.7% | 0.8% | ||
| Q4 24 | -42.4% | 7.8% | ||
| Q3 24 | -14.0% | 21.8% | ||
| Q2 24 | -37.9% | 12.2% | ||
| Q1 24 | -20.3% | 16.7% |
资本支出强度FIPROCK
| Q4 25 | 45.9% | 4.1% | ||
| Q3 25 | 47.2% | 2.6% | ||
| Q2 25 | 67.3% | 5.7% | ||
| Q1 25 | 68.6% | 3.9% | ||
| Q4 24 | 32.5% | 3.3% | ||
| Q3 24 | 31.1% | 1.5% | ||
| Q2 24 | 17.2% | 1.1% | ||
| Q1 24 | 15.6% | 1.5% |
现金转化率FIPROCK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | -0.71× | 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
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
