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IONIS PHARMACEUTICALS INC（IONS）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
GIBRALTAR INDUSTRIES, INC.的季度营收约是IONIS PHARMACEUTICALS INC的1.1倍（$225.0M vs $203.3M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -10.3%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-159.0M），过去两年IONIS PHARMACEUTICALS INC的营收复合增速更高（30.4% vs -12.3%）
IONIS制药是1989年成立的生物科技企业，总部位于美国加利福尼亚州卡尔斯巴德，专注于反义疗法、RNA干扰及CRISPR疗法的研发，2015年12月前曾以Isis制药的名称运营。
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。
IONS vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.1倍
$203.3M
营收增速更快
ROCK
高出35.2%
-10.3%
自由现金流更多
ROCK
多$185.2M
$-159.0M
两年增速更快
IONS
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $203.3M | $225.0M |
| 净利润 | $-229.4M | — |
| 毛利率 | 96.1% | 25.3% |
| 营业利润率 | -105.5% | 7.9% |
| 净利率 | -112.8% | — |
| 营收同比 | -10.3% | 24.9% |
| 净利润同比 | -119.8% | — |
| 每股收益（稀释后） | $-1.35 | — |
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IONSROCK
| Q4 25 | $203.3M | $225.0M | ||
| Q3 25 | $156.7M | $310.9M | ||
| Q2 25 | $452.0M | $309.5M | ||
| Q1 25 | $131.6M | $290.0M | ||
| Q4 24 | $226.6M | $180.1M | ||
| Q3 24 | $133.8M | $277.1M | ||
| Q2 24 | $225.3M | $273.6M | ||
| Q1 24 | $119.5M | $292.5M |
净利润IONSROCK
| Q4 25 | $-229.4M | — | ||
| Q3 25 | $-128.6M | $-89.1M | ||
| Q2 25 | $123.6M | $26.0M | ||
| Q1 25 | $-146.9M | $21.1M | ||
| Q4 24 | $-104.3M | — | ||
| Q3 24 | $-140.5M | $34.0M | ||
| Q2 24 | $-66.3M | $32.2M | ||
| Q1 24 | $-142.8M | $24.9M |
毛利率IONSROCK
| Q4 25 | 96.1% | 25.3% | ||
| Q3 25 | 98.5% | 26.6% | ||
| Q2 25 | 99.1% | 28.4% | ||
| Q1 25 | 98.9% | 26.8% | ||
| Q4 24 | 98.3% | 29.0% | ||
| Q3 24 | 99.2% | 29.4% | ||
| Q2 24 | 98.2% | 30.5% | ||
| Q1 24 | 98.2% | 28.9% |
营业利润率IONSROCK
| Q4 25 | -105.5% | 7.9% | ||
| Q3 25 | -102.2% | 12.8% | ||
| Q2 25 | 30.9% | 12.8% | ||
| Q1 25 | -111.6% | 8.8% | ||
| Q4 24 | -48.9% | 13.3% | ||
| Q3 24 | -111.1% | 15.6% | ||
| Q2 24 | -29.3% | 14.9% | ||
| Q1 24 | -125.1% | 10.8% |
净利率IONSROCK
| Q4 25 | -112.8% | — | ||
| Q3 25 | -82.1% | -28.6% | ||
| Q2 25 | 27.3% | 8.4% | ||
| Q1 25 | -111.6% | 7.3% | ||
| Q4 24 | -46.1% | — | ||
| Q3 24 | -105.0% | 12.3% | ||
| Q2 24 | -29.4% | 11.8% | ||
| Q1 24 | -119.5% | 8.5% |
每股收益（稀释后）IONSROCK
| Q4 25 | $-1.35 | — | ||
| Q3 25 | $-0.80 | $-2.98 | ||
| Q2 25 | $0.70 | $0.87 | ||
| Q1 25 | $-0.93 | — | ||
| Q4 24 | $-0.66 | — | ||
| Q3 24 | $-0.95 | $1.11 | ||
| Q2 24 | $-0.45 | $1.05 | ||
| Q1 24 | $-0.98 | — |
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 | $2.7B | $115.7M |
| 总债务越低越好 | $1.8B | $0 |
| 股东权益账面价值 | $489.1M | $950.4M |
| 总资产 | $3.5B | $1.4B |
| 负债/权益比越低杠杆越低 | 3.71× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资IONSROCK
| Q4 25 | $2.7B | $115.7M | ||
| Q3 25 | $2.2B | $89.4M | ||
| Q2 25 | $2.3B | $43.3M | ||
| Q1 25 | $2.1B | $25.1M | ||
| Q4 24 | $2.3B | $269.5M | ||
| Q3 24 | $2.5B | $228.9M | ||
| Q2 24 | $2.1B | $179.1M | ||
| Q1 24 | $2.2B | $146.7M |
总债务IONSROCK
| Q4 25 | $1.8B | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | $1.3B | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益IONSROCK
| Q4 25 | $489.1M | $950.4M | ||
| Q3 25 | $618.0M | $951.8M | ||
| Q2 25 | $631.7M | $1.0B | ||
| Q1 25 | $475.7M | $1.0B | ||
| Q4 24 | $588.4M | $1.0B | ||
| Q3 24 | $662.5M | $1.0B | ||
| Q2 24 | $263.7M | $975.7M | ||
| Q1 24 | $296.5M | $940.2M |
总资产IONSROCK
| Q4 25 | $3.5B | $1.4B | ||
| Q3 25 | $3.0B | $1.4B | ||
| Q2 25 | $3.0B | $1.5B | ||
| Q1 25 | $2.8B | $1.4B | ||
| Q4 24 | $3.0B | $1.4B | ||
| Q3 24 | $3.1B | $1.4B | ||
| Q2 24 | $2.7B | $1.4B | ||
| Q1 24 | $2.8B | $1.3B |
负债/权益比IONSROCK
| Q4 25 | 3.71× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 2.13× | 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 | $-137.7M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-159.0M | $26.2M |
| 自由现金流率自由现金流/营收 | -78.2% | 11.7% |
| 资本支出强度资本支出/营收 | 10.5% | 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 | $-320.0M | $120.6M |
8季度趋势，按日历期对齐
经营现金流IONSROCK
| Q4 25 | $-137.7M | $35.5M | ||
| Q3 25 | $-131.4M | $73.0M | ||
| Q2 25 | $151.3M | $44.9M | ||
| Q1 25 | $-150.8M | $13.7M | ||
| Q4 24 | $-116.1M | $19.9M | ||
| Q3 24 | $-115.0M | $64.7M | ||
| Q2 24 | $-119.9M | $36.5M | ||
| Q1 24 | $-149.9M | $53.2M |
自由现金流IONSROCK
| Q4 25 | $-159.0M | $26.2M | ||
| Q3 25 | $-136.7M | $64.8M | ||
| Q2 25 | $139.0M | $27.3M | ||
| Q1 25 | $-163.4M | $2.3M | ||
| Q4 24 | $-141.6M | $14.1M | ||
| Q3 24 | $-124.0M | $60.5M | ||
| Q2 24 | $-126.1M | $33.5M | ||
| Q1 24 | $-154.4M | $48.8M |
自由现金流率IONSROCK
| Q4 25 | -78.2% | 11.7% | ||
| Q3 25 | -87.2% | 20.8% | ||
| Q2 25 | 30.8% | 8.8% | ||
| Q1 25 | -124.1% | 0.8% | ||
| Q4 24 | -62.5% | 7.8% | ||
| Q3 24 | -92.7% | 21.8% | ||
| Q2 24 | -56.0% | 12.2% | ||
| Q1 24 | -129.2% | 16.7% |
资本支出强度IONSROCK
| Q4 25 | 10.5% | 4.1% | ||
| Q3 25 | 3.4% | 2.6% | ||
| Q2 25 | 2.7% | 5.7% | ||
| Q1 25 | 9.6% | 3.9% | ||
| Q4 24 | 11.3% | 3.3% | ||
| Q3 24 | 6.8% | 1.5% | ||
| Q2 24 | 2.8% | 1.1% | ||
| Q1 24 | 3.8% | 1.5% |
现金转化率IONSROCK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.22× | 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
IONS
| Products | $58.0M | 29% |
| Spinraza Royalties | $54.0M | 27% |
| Collaborative Agreement Revenue | $52.4M | 26% |
| Wainus Royalties | $16.0M | 8% |
| Wainua Joint Development Revenue | $9.6M | 5% |
| Other Commercial | $7.6M | 4% |
| Other Royalties | $5.7M | 3% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
