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FRIEDMAN INDUSTRIES INC（FRD）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FRIEDMAN INDUSTRIES INC的1.3倍（$225.0M vs $168.0M）。FRIEDMAN INDUSTRIES INC同比增速更快（78.6% vs 24.9%）。GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-6.3M）。过去两年FRIEDMAN INDUSTRIES INC的营收复合增速更高（33.6% vs -12.3%）
赫尔曼与弗里德曼（H&F）是一家美国私募股权公司，由沃伦·赫尔曼与塔利·弗里德曼于1984年创立，主要通过杠杆收购及成长资本开展投资业务，核心投资方向覆盖传媒、金融服务、专业服务与信息服务等多个领域。
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。
FRD vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.3倍
$168.0M
营收增速更快
FRD
高出53.6%
24.9%
自由现金流更多
ROCK
多$32.6M
$-6.3M
两年增速更快
FRD
近两年复合增速
-12.3%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $168.0M | $225.0M |
| 净利润 | $3.0M | — |
| 毛利率 | 2.3% | 25.3% |
| 营业利润率 | 2.3% | 7.9% |
| 净利率 | 1.8% | — |
| 营收同比 | 78.6% | 24.9% |
| 净利润同比 | 364.1% | — |
| 每股收益（稀释后） | $0.43 | — |
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FRDROCK
| Q4 25 | $168.0M | $225.0M | ||
| Q3 25 | $152.4M | $310.9M | ||
| Q2 25 | $134.8M | $309.5M | ||
| Q1 25 | — | $290.0M | ||
| Q4 24 | $94.1M | $180.1M | ||
| Q3 24 | — | $277.1M | ||
| Q2 24 | $114.6M | $273.6M | ||
| Q1 24 | — | $292.5M |
净利润FRDROCK
| Q4 25 | $3.0M | — | ||
| Q3 25 | $2.2M | $-89.1M | ||
| Q2 25 | $5.0M | $26.0M | ||
| Q1 25 | — | $21.1M | ||
| Q4 24 | $-1.2M | — | ||
| Q3 24 | — | $34.0M | ||
| Q2 24 | $2.6M | $32.2M | ||
| Q1 24 | — | $24.9M |
毛利率FRDROCK
| Q4 25 | 2.3% | 25.3% | ||
| Q3 25 | 1.9% | 26.6% | ||
| Q2 25 | 5.2% | 28.4% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | -1.2% | 30.5% | ||
| Q1 24 | — | 28.9% |
营业利润率FRDROCK
| Q4 25 | 2.3% | 7.9% | ||
| Q3 25 | 1.9% | 12.8% | ||
| Q2 25 | 5.2% | 12.8% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | -1.3% | 13.3% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | -1.2% | 14.9% | ||
| Q1 24 | — | 10.8% |
净利率FRDROCK
| Q4 25 | 1.8% | — | ||
| Q3 25 | 1.5% | -28.6% | ||
| Q2 25 | 3.7% | 8.4% | ||
| Q1 25 | — | 7.3% | ||
| Q4 24 | -1.2% | — | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | 2.2% | 11.8% | ||
| Q1 24 | — | 8.5% |
每股收益（稀释后）FRDROCK
| Q4 25 | $0.43 | — | ||
| Q3 25 | $0.32 | $-2.98 | ||
| Q2 25 | $0.71 | $0.87 | ||
| Q1 25 | — | — | ||
| Q4 24 | $-0.17 | — | ||
| Q3 24 | — | $1.11 | ||
| Q2 24 | $0.37 | $1.05 | ||
| Q1 24 | — | — |
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 | $3.0M | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $142.2M | $950.4M |
| 总资产 | $311.9M | $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FRDROCK
| Q4 25 | $3.0M | $115.7M | ||
| Q3 25 | $4.6M | $89.4M | ||
| Q2 25 | $2.1M | $43.3M | ||
| Q1 25 | — | $25.1M | ||
| Q4 24 | $1.1M | $269.5M | ||
| Q3 24 | — | $228.9M | ||
| Q2 24 | $4.1M | $179.1M | ||
| Q1 24 | — | $146.7M |
总债务FRDROCK
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益FRDROCK
| Q4 25 | $142.2M | $950.4M | ||
| Q3 25 | $139.3M | $951.8M | ||
| Q2 25 | $137.3M | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $127.3M | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | $129.7M | $975.7M | ||
| Q1 24 | — | $940.2M |
总资产FRDROCK
| Q4 25 | $311.9M | $1.4B | ||
| Q3 25 | $311.3M | $1.4B | ||
| Q2 25 | $219.1M | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $210.3M | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | $222.8M | $1.4B | ||
| Q1 24 | — | $1.3B |
负债/权益比FRDROCK
| 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 | — | 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 | $-4.7M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-6.3M | $26.2M |
| 自由现金流率自由现金流/营收 | -3.8% | 11.7% |
| 资本支出强度资本支出/营收 | 1.0% | 4.1% |
| 现金转化率经营现金流/净利润 | -1.56× | — |
| 过去12个月自由现金流最近4个季度 | — | $120.6M |
8季度趋势，按日历期对齐
经营现金流FRDROCK
| Q4 25 | — | $35.5M | ||
| Q3 25 | — | $73.0M | ||
| Q2 25 | $15.5M | $44.9M | ||
| Q1 25 | — | $13.7M | ||
| Q4 24 | — | $19.9M | ||
| Q3 24 | — | $64.7M | ||
| Q2 24 | $-6.1M | $36.5M | ||
| Q1 24 | — | $53.2M |
自由现金流FRDROCK
| Q4 25 | — | $26.2M | ||
| Q3 25 | — | $64.8M | ||
| Q2 25 | $13.7M | $27.3M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | — | $14.1M | ||
| Q3 24 | — | $60.5M | ||
| Q2 24 | $-7.1M | $33.5M | ||
| Q1 24 | — | $48.8M |
自由现金流率FRDROCK
| Q4 25 | — | 11.7% | ||
| Q3 25 | — | 20.8% | ||
| Q2 25 | 10.2% | 8.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | -6.2% | 12.2% | ||
| Q1 24 | — | 16.7% |
资本支出强度FRDROCK
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | 1.3% | 5.7% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | 0.9% | 1.1% | ||
| Q1 24 | — | 1.5% |
现金转化率FRDROCK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.08× | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | -2.36× | 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
FRD
| Prime Coil | $152.0M | 90% |
| Manufactured Pipe | $14.9M | 9% |
| Customer Owned | $1.1M | 1% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
