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GENESIS ENERGY LP（GEL）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
GENESIS ENERGY LP的季度营收约是GIBRALTAR INDUSTRIES, INC.的2.0倍（$440.8M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 10.5%），GENESIS ENERGY LP自由现金流更多（$87.0M vs $26.2M），过去两年GENESIS ENERGY LP的营收复合增速更高（0.7% vs -12.3%）
Genesis Energy LP是一家总部位于美国的中游能源合伙企业，主营原油、天然气、成品油及特种工业原料的基础设施运营与物流服务，旗下资产涵盖管道、仓储码头、海运设施及铁路物流枢纽，为北美地区的炼油厂、工业客户及能源分销商提供服务。
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。
GEL vs ROCK — 直观对比
营收规模更大
GEL
是对方的2.0倍
$225.0M
营收增速更快
ROCK
高出14.5%
10.5%
自由现金流更多
GEL
多$60.8M
$26.2M
两年增速更快
GEL
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $440.8M | $225.0M |
| 净利润 | $19.9M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | 20.4% | 7.9% |
| 净利率 | 4.5% | — |
| 营收同比 | 10.5% | 24.9% |
| 净利润同比 | 140.2% | — |
| 每股收益（稀释后） | $0.04 | — |
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GELROCK
| Q4 25 | $440.8M | $225.0M | ||
| Q3 25 | $414.0M | $310.9M | ||
| Q2 25 | $377.3M | $309.5M | ||
| Q1 25 | $398.3M | $290.0M | ||
| Q4 24 | $398.9M | $180.1M | ||
| Q3 24 | $397.3M | $277.1M | ||
| Q2 24 | $430.2M | $273.6M | ||
| Q1 24 | $434.4M | $292.5M |
净利润GELROCK
| Q4 25 | $19.9M | — | ||
| Q3 25 | $9.2M | $-89.1M | ||
| Q2 25 | $-406.0K | $26.0M | ||
| Q1 25 | $-469.1M | $21.1M | ||
| Q4 24 | $-49.4M | — | ||
| Q3 24 | $-17.2M | $34.0M | ||
| Q2 24 | $-8.7M | $32.2M | ||
| Q1 24 | $11.4M | $24.9M |
毛利率GELROCK
| 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GELROCK
| Q4 25 | 20.4% | 7.9% | ||
| Q3 25 | 19.0% | 12.8% | ||
| Q2 25 | 17.9% | 12.8% | ||
| Q1 25 | 5.5% | 8.8% | ||
| Q4 24 | 3.4% | 13.3% | ||
| Q3 24 | 12.2% | 15.6% | ||
| Q2 24 | 11.6% | 14.9% | ||
| Q1 24 | 13.4% | 10.8% |
净利率GELROCK
| Q4 25 | 4.5% | — | ||
| Q3 25 | 2.2% | -28.6% | ||
| Q2 25 | -0.1% | 8.4% | ||
| Q1 25 | -117.8% | 7.3% | ||
| Q4 24 | -12.4% | — | ||
| Q3 24 | -4.3% | 12.3% | ||
| Q2 24 | -2.0% | 11.8% | ||
| Q1 24 | 2.6% | 8.5% |
每股收益（稀释后）GELROCK
| Q4 25 | $0.04 | — | ||
| Q3 25 | $-0.05 | $-2.98 | ||
| Q2 25 | $-0.12 | $0.87 | ||
| Q1 25 | $-4.06 | — | ||
| Q4 24 | $-0.58 | — | ||
| Q3 24 | $-0.32 | $1.11 | ||
| Q2 24 | $-0.25 | $1.05 | ||
| Q1 24 | $-0.09 | — |
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 | $6.4M | $115.7M |
| 总债务越低越好 | $3.0B | $0 |
| 股东权益账面价值 | — | $950.4M |
| 总资产 | $4.9B | $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GELROCK
| Q4 25 | $6.4M | $115.7M | ||
| Q3 25 | $4.9M | $89.4M | ||
| Q2 25 | $4.5M | $43.3M | ||
| Q1 25 | $377.4M | $25.1M | ||
| Q4 24 | $7.4M | $269.5M | ||
| Q3 24 | $13.0M | $228.9M | ||
| Q2 24 | $13.7M | $179.1M | ||
| Q1 24 | $7.0M | $146.7M |
总债务GELROCK
| Q4 25 | $3.0B | $0 | ||
| Q3 25 | $3.1B | $0 | ||
| Q2 25 | $3.1B | $0 | ||
| Q1 25 | $3.4B | $0 | ||
| Q4 24 | $3.7B | $0 | ||
| Q3 24 | $4.0B | $0 | ||
| Q2 24 | $3.9B | $0 | ||
| Q1 24 | $3.8B | $0 |
股东权益GELROCK
| Q4 25 | — | $950.4M | ||
| Q3 25 | — | $951.8M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $975.7M | ||
| Q1 24 | — | $940.2M |
总资产GELROCK
| Q4 25 | $4.9B | $1.4B | ||
| Q3 25 | $4.9B | $1.4B | ||
| Q2 25 | $4.8B | $1.5B | ||
| Q1 25 | $5.2B | $1.4B | ||
| Q4 24 | $7.0B | $1.4B | ||
| Q3 24 | $7.1B | $1.4B | ||
| Q2 24 | $7.0B | $1.4B | ||
| Q1 24 | $6.9B | $1.3B |
负债/权益比GELROCK
| 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 | $110.8M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $87.0M | $26.2M |
| 自由现金流率自由现金流/营收 | 19.7% | 11.7% |
| 资本支出强度资本支出/营收 | 5.4% | 4.1% |
| 现金转化率经营现金流/净利润 | 5.58× | — |
| 过去12个月自由现金流最近4个季度 | $65.9M | $120.6M |
8季度趋势，按日历期对齐
经营现金流GELROCK
| Q4 25 | $110.8M | $35.5M | ||
| Q3 25 | $70.3M | $73.0M | ||
| Q2 25 | $47.0M | $44.9M | ||
| Q1 25 | $24.8M | $13.7M | ||
| Q4 24 | $74.0M | $19.9M | ||
| Q3 24 | $87.3M | $64.7M | ||
| Q2 24 | $104.7M | $36.5M | ||
| Q1 24 | $125.9M | $53.2M |
自由现金流GELROCK
| Q4 25 | $87.0M | $26.2M | ||
| Q3 25 | $43.3M | $64.8M | ||
| Q2 25 | $-7.6M | $27.3M | ||
| Q1 25 | $-56.8M | $2.3M | ||
| Q4 24 | $-47.1M | $14.1M | ||
| Q3 24 | $-32.3M | $60.5M | ||
| Q2 24 | $-67.5M | $33.5M | ||
| Q1 24 | $-48.3M | $48.8M |
自由现金流率GELROCK
| Q4 25 | 19.7% | 11.7% | ||
| Q3 25 | 10.5% | 20.8% | ||
| Q2 25 | -2.0% | 8.8% | ||
| Q1 25 | -14.3% | 0.8% | ||
| Q4 24 | -11.8% | 7.8% | ||
| Q3 24 | -8.1% | 21.8% | ||
| Q2 24 | -15.7% | 12.2% | ||
| Q1 24 | -11.1% | 16.7% |
资本支出强度GELROCK
| Q4 25 | 5.4% | 4.1% | ||
| Q3 25 | 6.5% | 2.6% | ||
| Q2 25 | 14.5% | 5.7% | ||
| Q1 25 | 20.5% | 3.9% | ||
| Q4 24 | 30.3% | 3.3% | ||
| Q3 24 | 30.1% | 1.5% | ||
| Q2 24 | 40.0% | 1.1% | ||
| Q1 24 | 40.1% | 1.5% |
现金转化率GELROCK
| Q4 25 | 5.58× | — | ||
| Q3 25 | 7.63× | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | 11.09× | 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
GEL
| Onshore Facilities And Transportation Revenue | $204.2M | 46% |
| Offshore Pipeline Transportation Revenue | $154.3M | 35% |
| Marine Transportation Revenue | $82.2M | 19% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
