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飞汇（FLYW）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.的季度营收约是飞汇的1.4倍（$225.0M vs $157.5M），飞汇同比增速更快（34.0% vs 24.9%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $4.5M），过去两年飞汇的营收复合增速更高（17.5% vs -12.3%）
Flywire Corp（飞汇）是一家全球支付解决方案提供商，核心服务覆盖教育、医疗、旅游及B2B商务领域，提供安全跨境支付处理、货币兑换及支付流程优化工具，为全球多国的机构与付款人简化交易流程。
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。
FLYW vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.4倍
$157.5M
营收增速更快
FLYW
高出9.1%
24.9%
自由现金流更多
ROCK
多$21.7M
$4.5M
两年增速更快
FLYW
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $157.5M | $225.0M |
| 净利润 | $33.0K | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | -0.6% | 7.9% |
| 净利率 | 0.0% | — |
| 营收同比 | 34.0% | 24.9% |
| 净利润同比 | 100.2% | — |
| 每股收益（稀释后） | $0.01 | — |
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FLYWROCK
| Q4 25 | $157.5M | $225.0M | ||
| Q3 25 | $200.1M | $310.9M | ||
| Q2 25 | $131.9M | $309.5M | ||
| Q1 25 | $133.5M | $290.0M | ||
| Q4 24 | $117.5M | $180.1M | ||
| Q3 24 | $156.8M | $277.1M | ||
| Q2 24 | $103.7M | $273.6M | ||
| Q1 24 | $114.1M | $292.5M |
净利润FLYWROCK
| Q4 25 | $33.0K | — | ||
| Q3 25 | $29.6M | $-89.1M | ||
| Q2 25 | $-12.0M | $26.0M | ||
| Q1 25 | $-4.2M | $21.1M | ||
| Q4 24 | $-15.9M | — | ||
| Q3 24 | $38.9M | $34.0M | ||
| Q2 24 | $-13.9M | $32.2M | ||
| Q1 24 | $-6.2M | $24.9M |
毛利率FLYWROCK
| 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FLYWROCK
| Q4 25 | -0.6% | 7.9% | ||
| Q3 25 | 16.1% | 12.8% | ||
| Q2 25 | -6.8% | 12.8% | ||
| Q1 25 | -8.2% | 8.8% | ||
| Q4 24 | -4.9% | 13.3% | ||
| Q3 24 | 12.9% | 15.6% | ||
| Q2 24 | -15.2% | 14.9% | ||
| Q1 24 | -5.2% | 10.8% |
净利率FLYWROCK
| Q4 25 | 0.0% | — | ||
| Q3 25 | 14.8% | -28.6% | ||
| Q2 25 | -9.1% | 8.4% | ||
| Q1 25 | -3.1% | 7.3% | ||
| Q4 24 | -13.5% | — | ||
| Q3 24 | 24.8% | 12.3% | ||
| Q2 24 | -13.4% | 11.8% | ||
| Q1 24 | -5.4% | 8.5% |
每股收益（稀释后）FLYWROCK
| Q4 25 | $0.01 | — | ||
| Q3 25 | $0.23 | $-2.98 | ||
| Q2 25 | $-0.10 | $0.87 | ||
| Q1 25 | $-0.03 | — | ||
| Q4 24 | $-0.12 | — | ||
| Q3 24 | $0.30 | $1.11 | ||
| Q2 24 | $-0.11 | $1.05 | ||
| Q1 24 | $-0.05 | — |
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 | $355.0M | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $835.2M | $950.4M |
| 总资产 | $1.3B | $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FLYWROCK
| Q4 25 | $355.0M | $115.7M | ||
| Q3 25 | $377.3M | $89.4M | ||
| Q2 25 | $274.2M | $43.3M | ||
| Q1 25 | $255.3M | $25.1M | ||
| Q4 24 | $611.1M | $269.5M | ||
| Q3 24 | $681.1M | $228.9M | ||
| Q2 24 | $571.0M | $179.1M | ||
| Q1 24 | $619.0M | $146.7M |
总债务FLYWROCK
| Q4 25 | — | $0 | ||
| Q3 25 | $15.0M | $0 | ||
| Q2 25 | $60.0M | $0 | ||
| Q1 25 | $60.0M | $0 | ||
| Q4 24 | $0 | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益FLYWROCK
| Q4 25 | $835.2M | $950.4M | ||
| Q3 25 | $829.1M | $951.8M | ||
| Q2 25 | $792.4M | $1.0B | ||
| Q1 25 | $784.3M | $1.0B | ||
| Q4 24 | $814.8M | $1.0B | ||
| Q3 24 | $843.2M | $1.0B | ||
| Q2 24 | $802.6M | $975.7M | ||
| Q1 24 | $-797.0M | $940.2M |
总资产FLYWROCK
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $998.7M | $1.4B | ||
| Q1 24 | $998.7M | $1.3B |
负债/权益比FLYWROCK
| Q4 25 | — | 0.00× | ||
| Q3 25 | 0.02× | 0.00× | ||
| Q2 25 | 0.08× | 0.00× | ||
| Q1 25 | 0.08× | 0.00× | ||
| Q4 24 | 0.00× | 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 | $4.9M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $4.5M | $26.2M |
| 自由现金流率自由现金流/营收 | 2.9% | 11.7% |
| 资本支出强度资本支出/营收 | 0.2% | 4.1% |
| 现金转化率经营现金流/净利润 | 148.06× | — |
| 过去12个月自由现金流最近4个季度 | $98.8M | $120.6M |
8季度趋势，按日历期对齐
经营现金流FLYWROCK
| Q4 25 | $4.9M | $35.5M | ||
| Q3 25 | $150.1M | $73.0M | ||
| Q2 25 | $24.1M | $44.9M | ||
| Q1 25 | $-78.9M | $13.7M | ||
| Q4 24 | $-28.6M | $19.9M | ||
| Q3 24 | $184.6M | $64.7M | ||
| Q2 24 | $-19.3M | $36.5M | ||
| Q1 24 | $-38.1M | $53.2M |
自由现金流FLYWROCK
| Q4 25 | $4.5M | $26.2M | ||
| Q3 25 | $149.9M | $64.8M | ||
| Q2 25 | $23.5M | $27.3M | ||
| Q1 25 | $-79.1M | $2.3M | ||
| Q4 24 | $-28.7M | $14.1M | ||
| Q3 24 | $184.4M | $60.5M | ||
| Q2 24 | $-19.7M | $33.5M | ||
| Q1 24 | $-38.3M | $48.8M |
自由现金流率FLYWROCK
| Q4 25 | 2.9% | 11.7% | ||
| Q3 25 | 74.9% | 20.8% | ||
| Q2 25 | 17.8% | 8.8% | ||
| Q1 25 | -59.3% | 0.8% | ||
| Q4 24 | -24.4% | 7.8% | ||
| Q3 24 | 117.6% | 21.8% | ||
| Q2 24 | -19.0% | 12.2% | ||
| Q1 24 | -33.6% | 16.7% |
资本支出强度FLYWROCK
| Q4 25 | 0.2% | 4.1% | ||
| Q3 25 | 0.1% | 2.6% | ||
| Q2 25 | 0.4% | 5.7% | ||
| Q1 25 | 0.1% | 3.9% | ||
| Q4 24 | 0.1% | 3.3% | ||
| Q3 24 | 0.1% | 1.5% | ||
| Q2 24 | 0.3% | 1.1% | ||
| Q1 24 | 0.2% | 1.5% |
现金转化率FLYWROCK
| Q4 25 | 148.06× | — | ||
| Q3 25 | 5.07× | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.75× | 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
FLYW
| Transactions | $126.4M | 80% |
| Platform And Other Revenues | $31.1M | 20% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
