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哈雷戴维森（HOG）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
哈雷戴维森的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.7倍（$390.5M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -9.4%），哈雷戴维森自由现金流更多（$100.4M vs $26.2M），过去两年GIBRALTAR INDUSTRIES, INC.的营收复合增速更高（-12.3% vs -48.6%）
哈雷戴维森是源自美国的摩托车制造商与生活方式品牌，总部位于威斯康星州密尔沃基，创立于1903年。它是大萧条时期幸存下来的两大美国摩托车厂商之一，历经多次股权变动、子公司调整、经营困境与全球竞争，如今已是全球知名的标志性品牌。
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。
HOG vs ROCK — 直观对比
营收规模更大
HOG
是对方的1.7倍
$225.0M
营收增速更快
ROCK
高出34.3%
-9.4%
自由现金流更多
HOG
多$74.2M
$26.2M
两年增速更快
ROCK
近两年复合增速
-48.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $390.5M | $225.0M |
| 净利润 | $-282.6M | — |
| 毛利率 | -7.9% | 25.3% |
| 营业利润率 | -92.4% | 7.9% |
| 净利率 | -72.3% | — |
| 营收同比 | -9.4% | 24.9% |
| 净利润同比 | -138.6% | — |
| 每股收益（稀释后） | $-2.27 | — |
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HOGROCK
| Q4 25 | $390.5M | $225.0M | ||
| Q3 25 | $1.1B | $310.9M | ||
| Q2 25 | $1.0B | $309.5M | ||
| Q1 25 | $1.1B | $290.0M | ||
| Q4 24 | $430.9M | $180.1M | ||
| Q3 24 | $881.2M | $277.1M | ||
| Q2 24 | $1.4B | $273.6M | ||
| Q1 24 | $1.5B | $292.5M |
净利润HOGROCK
| Q4 25 | $-282.6M | — | ||
| Q3 25 | $377.4M | $-89.1M | ||
| Q2 25 | $107.6M | $26.0M | ||
| Q1 25 | $133.1M | $21.1M | ||
| Q4 24 | $-118.4M | — | ||
| Q3 24 | $119.0M | $34.0M | ||
| Q2 24 | $218.3M | $32.2M | ||
| Q1 24 | $234.9M | $24.9M |
毛利率HOGROCK
| Q4 25 | -7.9% | 25.3% | ||
| Q3 25 | 26.0% | 26.6% | ||
| Q2 25 | 28.5% | 28.4% | ||
| Q1 25 | 28.9% | 26.8% | ||
| Q4 24 | -2.0% | 29.0% | ||
| Q3 24 | 29.8% | 29.4% | ||
| Q2 24 | 31.8% | 30.5% | ||
| Q1 24 | 30.9% | 28.9% |
营业利润率HOGROCK
| Q4 25 | -92.4% | 7.9% | ||
| Q3 25 | 44.0% | 12.8% | ||
| Q2 25 | 10.7% | 12.8% | ||
| Q1 25 | 14.8% | 8.8% | ||
| Q4 24 | -44.9% | 13.3% | ||
| Q3 24 | 12.0% | 15.6% | ||
| Q2 24 | 17.8% | 14.9% | ||
| Q1 24 | 17.8% | 10.8% |
净利率HOGROCK
| Q4 25 | -72.3% | — | ||
| Q3 25 | 35.0% | -28.6% | ||
| Q2 25 | 10.2% | 8.4% | ||
| Q1 25 | 12.3% | 7.3% | ||
| Q4 24 | -27.5% | — | ||
| Q3 24 | 13.5% | 12.3% | ||
| Q2 24 | 16.1% | 11.8% | ||
| Q1 24 | 15.9% | 8.5% |
每股收益（稀释后）HOGROCK
| Q4 25 | $-2.27 | — | ||
| Q3 25 | $3.10 | $-2.98 | ||
| Q2 25 | $0.88 | $0.87 | ||
| Q1 25 | $1.07 | — | ||
| Q4 24 | $-0.82 | — | ||
| Q3 24 | $0.91 | $1.11 | ||
| Q2 24 | $1.63 | $1.05 | ||
| Q1 24 | $1.72 | — |
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 | $3.1B | $115.7M |
| 总债务越低越好 | $2.5B | $0 |
| 股东权益账面价值 | $3.1B | $950.4M |
| 总资产 | $8.0B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.79× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资HOGROCK
| Q4 25 | $3.1B | $115.7M | ||
| Q3 25 | $1.8B | $89.4M | ||
| Q2 25 | $1.6B | $43.3M | ||
| Q1 25 | $1.9B | $25.1M | ||
| Q4 24 | $1.6B | $269.5M | ||
| Q3 24 | $2.2B | $228.9M | ||
| Q2 24 | $1.8B | $179.1M | ||
| Q1 24 | $1.5B | $146.7M |
总债务HOGROCK
| Q4 25 | $2.5B | $0 | ||
| Q3 25 | $4.5B | $0 | ||
| Q2 25 | $6.4B | $0 | ||
| Q1 25 | $6.8B | $0 | ||
| Q4 24 | $6.3B | $0 | ||
| Q3 24 | $7.3B | $0 | ||
| Q2 24 | $7.0B | $0 | ||
| Q1 24 | $6.3B | $0 |
股东权益HOGROCK
| Q4 25 | $3.1B | $950.4M | ||
| Q3 25 | $3.6B | $951.8M | ||
| Q2 25 | $3.3B | $1.0B | ||
| Q1 25 | $3.2B | $1.0B | ||
| Q4 24 | $3.2B | $1.0B | ||
| Q3 24 | $3.4B | $1.0B | ||
| Q2 24 | $3.4B | $975.7M | ||
| Q1 24 | $3.3B | $940.2M |
总资产HOGROCK
| Q4 25 | $8.0B | $1.4B | ||
| Q3 25 | $10.6B | $1.4B | ||
| Q2 25 | $12.1B | $1.5B | ||
| Q1 25 | $12.4B | $1.4B | ||
| Q4 24 | $11.9B | $1.4B | ||
| Q3 24 | $13.0B | $1.4B | ||
| Q2 24 | $12.8B | $1.4B | ||
| Q1 24 | $12.3B | $1.3B |
负债/权益比HOGROCK
| Q4 25 | 0.79× | 0.00× | ||
| Q3 25 | 1.25× | 0.00× | ||
| Q2 25 | 1.91× | 0.00× | ||
| Q1 25 | 2.14× | 0.00× | ||
| Q4 24 | 2.00× | 0.00× | ||
| Q3 24 | 2.13× | 0.00× | ||
| Q2 24 | 2.03× | 0.00× | ||
| Q1 24 | 1.88× | 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 | $152.0M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $100.4M | $26.2M |
| 自由现金流率自由现金流/营收 | 25.7% | 11.7% |
| 资本支出强度资本支出/营收 | 13.2% | 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 | $415.2M | $120.6M |
8季度趋势，按日历期对齐
经营现金流HOGROCK
| Q4 25 | $152.0M | $35.5M | ||
| Q3 25 | $-92.6M | $73.0M | ||
| Q2 25 | $368.0M | $44.9M | ||
| Q1 25 | $141.5M | $13.7M | ||
| Q4 24 | $133.2M | $19.9M | ||
| Q3 24 | $353.0M | $64.7M | ||
| Q2 24 | $473.6M | $36.5M | ||
| Q1 24 | $104.0M | $53.2M |
自由现金流HOGROCK
| Q4 25 | $100.4M | $26.2M | ||
| Q3 25 | $-129.1M | $64.8M | ||
| Q2 25 | $332.4M | $27.3M | ||
| Q1 25 | $111.6M | $2.3M | ||
| Q4 24 | $77.0M | $14.1M | ||
| Q3 24 | $300.4M | $60.5M | ||
| Q2 24 | $432.2M | $33.5M | ||
| Q1 24 | $57.6M | $48.8M |
自由现金流率HOGROCK
| Q4 25 | 25.7% | 11.7% | ||
| Q3 25 | -12.0% | 20.8% | ||
| Q2 25 | 31.7% | 8.8% | ||
| Q1 25 | 10.3% | 0.8% | ||
| Q4 24 | 17.9% | 7.8% | ||
| Q3 24 | 34.1% | 21.8% | ||
| Q2 24 | 31.9% | 12.2% | ||
| Q1 24 | 3.9% | 16.7% |
资本支出强度HOGROCK
| Q4 25 | 13.2% | 4.1% | ||
| Q3 25 | 3.4% | 2.6% | ||
| Q2 25 | 3.4% | 5.7% | ||
| Q1 25 | 2.8% | 3.9% | ||
| Q4 24 | 13.0% | 3.3% | ||
| Q3 24 | 6.0% | 1.5% | ||
| Q2 24 | 3.1% | 1.1% | ||
| Q1 24 | 3.1% | 1.5% |
现金转化率HOGROCK
| Q4 25 | — | — | ||
| Q3 25 | -0.25× | — | ||
| Q2 25 | 3.42× | 1.73× | ||
| Q1 25 | 1.06× | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.97× | 1.90× | ||
| Q2 24 | 2.17× | 1.13× | ||
| Q1 24 | 0.44× | 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
HOG
| Motorcycles | $193.9M | 50% |
| Other | $63.8M | 16% |
| Other Income Financial Services | $59.8M | 15% |
| Apparel | $47.2M | 12% |
| Livewire Segment | $11.4M | 3% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
