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虎牙（HUYA）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
虎牙的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.1倍（$237.1M vs $225.0M），过去两年虎牙的营收复合增速更高（2.5% vs -12.3%）
虎牙公司是中国领先的互动直播平台，核心业务为游戏直播，同时覆盖电竞赛事、娱乐综艺、生活方式、知识科普等多元内容领域，面向国内年轻互联网用户提供高互动性的数字娱乐内容服务。
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。
HUYA vs ROCK — 直观对比
营收规模更大
HUYA
是对方的1.1倍
$225.0M
两年增速更快
HUYA
近两年复合增速
-12.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $237.1M | $225.0M |
| 净利润 | $1.3M | — |
| 毛利率 | 13.4% | 25.3% |
| 营业利润率 | -0.8% | 7.9% |
| 净利率 | 0.6% | — |
| 营收同比 | — | 24.9% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | — |
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HUYAROCK
| Q4 25 | — | $225.0M | ||
| Q3 25 | $237.1M | $310.9M | ||
| Q2 25 | $218.8M | $309.5M | ||
| Q1 25 | $207.9M | $290.0M | ||
| Q4 24 | — | $180.1M | ||
| Q3 24 | $219.1M | $277.1M | ||
| Q2 24 | $212.1M | $273.6M | ||
| Q1 24 | $208.3M | $292.5M |
净利润HUYAROCK
| Q4 25 | — | — | ||
| Q3 25 | $1.3M | $-89.1M | ||
| Q2 25 | $-766.0K | $26.0M | ||
| Q1 25 | $128.0K | $21.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | $3.4M | $34.0M | ||
| Q2 24 | $4.1M | $32.2M | ||
| Q1 24 | $9.8M | $24.9M |
毛利率HUYAROCK
| Q4 25 | — | 25.3% | ||
| Q3 25 | 13.4% | 26.6% | ||
| Q2 25 | 13.5% | 28.4% | ||
| Q1 25 | 12.5% | 26.8% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | 13.2% | 29.4% | ||
| Q2 24 | 13.9% | 30.5% | ||
| Q1 24 | 14.7% | 28.9% |
营业利润率HUYAROCK
| Q4 25 | — | 7.9% | ||
| Q3 25 | -0.8% | 12.8% | ||
| Q2 25 | -1.5% | 12.8% | ||
| Q1 25 | -4.0% | 8.8% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | -2.1% | 15.6% | ||
| Q2 24 | -1.7% | 14.9% | ||
| Q1 24 | -2.6% | 10.8% |
净利率HUYAROCK
| Q4 25 | — | — | ||
| Q3 25 | 0.6% | -28.6% | ||
| Q2 25 | -0.4% | 8.4% | ||
| Q1 25 | 0.1% | 7.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.5% | 12.3% | ||
| Q2 24 | 1.9% | 11.8% | ||
| Q1 24 | 4.7% | 8.5% |
每股收益（稀释后）HUYAROCK
| Q4 25 | — | — | ||
| Q3 25 | — | $-2.98 | ||
| Q2 25 | — | $0.87 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.11 | ||
| Q2 24 | — | $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 | $102.0M | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $709.9M | $950.4M |
| 总资产 | $960.3M | $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HUYAROCK
| Q4 25 | — | $115.7M | ||
| Q3 25 | $102.0M | $89.4M | ||
| Q2 25 | $69.7M | $43.3M | ||
| Q1 25 | $40.9M | $25.1M | ||
| Q4 24 | — | $269.5M | ||
| Q3 24 | $156.1M | $228.9M | ||
| Q2 24 | $138.4M | $179.1M | ||
| Q1 24 | $75.1M | $146.7M |
总债务HUYAROCK
| 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HUYAROCK
| Q4 25 | — | $950.4M | ||
| Q3 25 | $709.9M | $951.8M | ||
| Q2 25 | $704.3M | $1.0B | ||
| Q1 25 | $711.2M | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.3B | $975.7M | ||
| Q1 24 | $1.3B | $940.2M |
总资产HUYAROCK
| Q4 25 | — | $1.4B | ||
| Q3 25 | $960.3M | $1.4B | ||
| Q2 25 | $928.0M | $1.5B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.6B | $1.4B | ||
| Q1 24 | $1.7B | $1.3B |
负债/权益比HUYAROCK
| 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 | — | $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HUYAROCK
| Q4 25 | — | $35.5M | ||
| Q3 25 | — | $73.0M | ||
| Q2 25 | — | $44.9M | ||
| Q1 25 | — | $13.7M | ||
| Q4 24 | — | $19.9M | ||
| Q3 24 | — | $64.7M | ||
| Q2 24 | — | $36.5M | ||
| Q1 24 | — | $53.2M |
自由现金流HUYAROCK
| 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HUYAROCK
| 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HUYAROCK
| 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HUYAROCK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 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
HUYA
| Live streaming | $162.5M | 69% |
| Game-related services, advertising and others | $74.7M | 31% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
