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和黄医药（HCM）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
和黄医药的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.2倍（$270.8M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -16.5%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $3.4M）
和黄医药是一家国际化生物制药企业，专注于肿瘤、免疫类疾病的靶向疗法与免疫疗法的研发、生产及商业化，核心市场覆盖中国及全球多个国家地区，已有多款肿瘤治疗药物上市，后期临床管线储备丰富。
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。
HCM vs ROCK — 直观对比
营收规模更大
HCM
是对方的1.2倍
$225.0M
营收增速更快
ROCK
高出41.5%
-16.5%
自由现金流更多
ROCK
多$22.9M
$3.4M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.8M | $225.0M |
| 净利润 | $2.0M | — |
| 毛利率 | 37.7% | 25.3% |
| 营业利润率 | -13.2% | 7.9% |
| 净利率 | 0.7% | — |
| 营收同比 | -16.5% | 24.9% |
| 净利润同比 | -83.6% | — |
| 每股收益（稀释后） | $0.00 | — |
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HCMROCK
| Q4 25 | $270.8M | $225.0M | ||
| Q3 25 | — | $310.9M | ||
| Q2 25 | $277.7M | $309.5M | ||
| Q1 25 | $324.5M | $290.0M | ||
| Q4 24 | — | $180.1M | ||
| Q3 24 | — | $277.1M | ||
| Q2 24 | $305.7M | $273.6M | ||
| Q1 24 | — | $292.5M |
净利润HCMROCK
| Q4 25 | $2.0M | — | ||
| Q3 25 | — | $-89.1M | ||
| Q2 25 | $455.0M | $26.0M | ||
| Q1 25 | $11.9M | $21.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $34.0M | ||
| Q2 24 | $25.8M | $32.2M | ||
| Q1 24 | — | $24.9M |
毛利率HCMROCK
| Q4 25 | 37.7% | 25.3% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | 0.1% | 28.4% | ||
| Q1 25 | 48.0% | 26.8% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | 41.1% | 30.5% | ||
| Q1 24 | — | 28.9% |
营业利润率HCMROCK
| Q4 25 | -13.2% | 7.9% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | -1.3% | 12.8% | ||
| Q1 25 | -5.0% | 8.8% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | -9.0% | 14.9% | ||
| Q1 24 | — | 10.8% |
净利率HCMROCK
| Q4 25 | 0.7% | — | ||
| Q3 25 | — | -28.6% | ||
| Q2 25 | 163.8% | 8.4% | ||
| Q1 25 | 3.7% | 7.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | 8.4% | 11.8% | ||
| Q1 24 | — | 8.5% |
每股收益（稀释后）HCMROCK
| Q4 25 | $0.00 | — | ||
| Q3 25 | — | $-2.98 | ||
| Q2 25 | $0.52 | $0.87 | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.11 | ||
| Q2 24 | $0.03 | $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 | $1.4B | $115.7M |
| 总债务越低越好 | $93.2M | $0 |
| 股东权益账面价值 | $1.2B | $950.4M |
| 总资产 | $1.8B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资HCMROCK
| Q4 25 | $1.4B | $115.7M | ||
| Q3 25 | — | $89.4M | ||
| Q2 25 | $1.4B | $43.3M | ||
| Q1 25 | $836.1M | $25.1M | ||
| Q4 24 | — | $269.5M | ||
| Q3 24 | — | $228.9M | ||
| Q2 24 | $802.5M | $179.1M | ||
| Q1 24 | — | $146.7M |
总债务HCMROCK
| Q4 25 | $93.2M | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | $93.4M | $0 | ||
| Q1 25 | $82.8M | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | $82.1M | $0 | ||
| Q1 24 | — | $0 |
股东权益HCMROCK
| Q4 25 | $1.2B | $950.4M | ||
| Q3 25 | — | $951.8M | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $759.9M | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | $740.1M | $975.7M | ||
| Q1 24 | — | $940.2M |
总资产HCMROCK
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $1.8B | $1.5B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | — | $1.3B |
负债/权益比HCMROCK
| Q4 25 | 0.08× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | 0.08× | 0.00× | ||
| Q1 25 | 0.11× | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | 0.11× | 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 | $8.2M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $3.4M | $26.2M |
| 自由现金流率自由现金流/营收 | 1.2% | 11.7% |
| 资本支出强度资本支出/营收 | 1.8% | 4.1% |
| 现金转化率经营现金流/净利润 | 4.21× | — |
| 过去12个月自由现金流最近4个季度 | $-96.2M | $120.6M |
8季度趋势，按日历期对齐
经营现金流HCMROCK
| Q4 25 | $8.2M | $35.5M | ||
| Q3 25 | — | $73.0M | ||
| Q2 25 | $-72.9M | $44.9M | ||
| Q1 25 | $40.3M | $13.7M | ||
| Q4 24 | — | $19.9M | ||
| Q3 24 | — | $64.7M | ||
| Q2 24 | $-39.8M | $36.5M | ||
| Q1 24 | — | $53.2M |
自由现金流HCMROCK
| Q4 25 | $3.4M | $26.2M | ||
| Q3 25 | — | $64.8M | ||
| Q2 25 | $-82.2M | $27.3M | ||
| Q1 25 | $32.5M | $2.3M | ||
| Q4 24 | — | $14.1M | ||
| Q3 24 | — | $60.5M | ||
| Q2 24 | $-49.9M | $33.5M | ||
| Q1 24 | — | $48.8M |
自由现金流率HCMROCK
| Q4 25 | 1.2% | 11.7% | ||
| Q3 25 | — | 20.8% | ||
| Q2 25 | -29.6% | 8.8% | ||
| Q1 25 | 10.0% | 0.8% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | -16.3% | 12.2% | ||
| Q1 24 | — | 16.7% |
资本支出强度HCMROCK
| Q4 25 | 1.8% | 4.1% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | 3.3% | 5.7% | ||
| Q1 25 | 2.4% | 3.9% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | 3.3% | 1.1% | ||
| Q1 24 | — | 1.5% |
现金转化率HCMROCK
| Q4 25 | 4.21× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.16× | 1.73× | ||
| Q1 25 | 3.38× | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | -1.54× | 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
HCM
暂无分部数据
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
