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HORACE MANN EDUCATORS CORP（HMN）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
HORACE MANN EDUCATORS CORP的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.9倍（$434.8M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 6.3%），过去两年HORACE MANN EDUCATORS CORP的营收复合增速更高（6.1% vs -12.3%）
贺拉斯曼是一家总部位于美国伊利诺伊州的金融服务企业，主营汽车保险、财产保险、补充保险与人寿保险业务，同时提供退休年金、共同基金等金融产品，核心服务群体为教育工作者及其家庭。
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。
HMN vs ROCK — 直观对比
营收规模更大
HMN
是对方的1.9倍
$225.0M
营收增速更快
ROCK
高出18.6%
6.3%
两年增速更快
HMN
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $434.8M | $225.0M |
| 净利润 | — | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | 10.5% | 7.9% |
| 净利率 | — | — |
| 营收同比 | 6.3% | 24.9% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.87 | — |
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HMNROCK
| Q4 25 | $434.8M | $225.0M | ||
| Q3 25 | $438.5M | $310.9M | ||
| Q2 25 | $411.7M | $309.5M | ||
| Q1 25 | $416.4M | $290.0M | ||
| Q4 24 | $409.0M | $180.1M | ||
| Q3 24 | $412.1M | $277.1M | ||
| Q2 24 | $388.1M | $273.6M | ||
| Q1 24 | $386.0M | $292.5M |
净利润HMNROCK
| Q4 25 | — | — | ||
| Q3 25 | $58.3M | $-89.1M | ||
| Q2 25 | $29.4M | $26.0M | ||
| Q1 25 | $38.2M | $21.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | $34.3M | $34.0M | ||
| Q2 24 | $3.8M | $32.2M | ||
| Q1 24 | $26.5M | $24.9M |
毛利率HMNROCK
| 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HMNROCK
| Q4 25 | 10.5% | 7.9% | ||
| Q3 25 | 16.3% | 12.8% | ||
| Q2 25 | 8.9% | 12.8% | ||
| Q1 25 | 11.4% | 8.8% | ||
| Q4 24 | 11.8% | 13.3% | ||
| Q3 24 | 10.4% | 15.6% | ||
| Q2 24 | 1.2% | 14.9% | ||
| Q1 24 | 8.5% | 10.8% |
净利率HMNROCK
| Q4 25 | — | — | ||
| Q3 25 | 13.3% | -28.6% | ||
| Q2 25 | 7.1% | 8.4% | ||
| Q1 25 | 9.2% | 7.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.3% | 12.3% | ||
| Q2 24 | 1.0% | 11.8% | ||
| Q1 24 | 6.9% | 8.5% |
每股收益（稀释后）HMNROCK
| Q4 25 | $0.87 | — | ||
| Q3 25 | $1.40 | $-2.98 | ||
| Q2 25 | $0.71 | $0.87 | ||
| Q1 25 | $0.92 | — | ||
| Q4 24 | $0.92 | — | ||
| Q3 24 | $0.83 | $1.11 | ||
| Q2 24 | $0.09 | $1.05 | ||
| Q1 24 | $0.64 | — |
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 | $27.5M | $115.7M |
| 总债务越低越好 | $593.4M | $0 |
| 股东权益账面价值 | $1.5B | $950.4M |
| 总资产 | $15.3B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.40× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资HMNROCK
| Q4 25 | $27.5M | $115.7M | ||
| Q3 25 | $46.7M | $89.4M | ||
| Q2 25 | — | $43.3M | ||
| Q1 25 | — | $25.1M | ||
| Q4 24 | $38.1M | $269.5M | ||
| Q3 24 | — | $228.9M | ||
| Q2 24 | — | $179.1M | ||
| Q1 24 | — | $146.7M |
总债务HMNROCK
| Q4 25 | $593.4M | $0 | ||
| Q3 25 | $842.9M | $0 | ||
| Q2 25 | $547.5M | $0 | ||
| Q1 25 | $547.2M | $0 | ||
| Q4 24 | $547.0M | $0 | ||
| Q3 24 | $546.7M | $0 | ||
| Q2 24 | $546.5M | $0 | ||
| Q1 24 | $546.2M | $0 |
股东权益HMNROCK
| Q4 25 | $1.5B | $950.4M | ||
| Q3 25 | $1.4B | $951.8M | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.2B | $975.7M | ||
| Q1 24 | $1.2B | $940.2M |
总资产HMNROCK
| Q4 25 | $15.3B | $1.4B | ||
| Q3 25 | $15.5B | $1.4B | ||
| Q2 25 | $14.7B | $1.5B | ||
| Q1 25 | $14.4B | $1.4B | ||
| Q4 24 | $14.5B | $1.4B | ||
| Q3 24 | $14.7B | $1.4B | ||
| Q2 24 | $14.3B | $1.4B | ||
| Q1 24 | $14.2B | $1.3B |
负债/权益比HMNROCK
| Q4 25 | 0.40× | 0.00× | ||
| Q3 25 | 0.58× | 0.00× | ||
| Q2 25 | 0.40× | 0.00× | ||
| Q1 25 | 0.41× | 0.00× | ||
| Q4 24 | 0.42× | 0.00× | ||
| Q3 24 | 0.42× | 0.00× | ||
| Q2 24 | 0.45× | 0.00× | ||
| Q1 24 | 0.45× | 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 | $553.2M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | — | $26.2M |
| 自由现金流率自由现金流/营收 | — | 11.7% |
| 资本支出强度资本支出/营收 | — | 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 | — | $120.6M |
8季度趋势，按日历期对齐
经营现金流HMNROCK
| Q4 25 | $553.2M | $35.5M | ||
| Q3 25 | $151.2M | $73.0M | ||
| Q2 25 | $131.3M | $44.9M | ||
| Q1 25 | $140.8M | $13.7M | ||
| Q4 24 | $452.1M | $19.9M | ||
| Q3 24 | $143.9M | $64.7M | ||
| Q2 24 | $40.2M | $36.5M | ||
| Q1 24 | $74.5M | $53.2M |
自由现金流HMNROCK
| Q4 25 | — | $26.2M | ||
| Q3 25 | — | $64.8M | ||
| Q2 25 | — | $27.3M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | — | $14.1M | ||
| Q3 24 | — | $60.5M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $48.8M |
自由现金流率HMNROCK
| Q4 25 | — | 11.7% | ||
| Q3 25 | — | 20.8% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 12.2% | ||
| Q1 24 | — | 16.7% |
资本支出强度HMNROCK
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.5% |
现金转化率HMNROCK
| Q4 25 | — | — | ||
| Q3 25 | 2.59× | — | ||
| Q2 25 | 4.47× | 1.73× | ||
| Q1 25 | 3.69× | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.20× | 1.90× | ||
| Q2 24 | 10.58× | 1.13× | ||
| Q1 24 | 2.81× | 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
HMN
| Property And Casualty | $224.3M | 52% |
| Life And Retirement | $139.6M | 32% |
| Supplemental And Group Benefits | $77.0M | 18% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
