vs
IREN Ltd（IREN）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IREN Ltd的1.2倍（$225.0M vs $184.7M），IREN Ltd同比增速更快（59.0% vs 24.9%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-468.0M）
IREN Ltd是一家垂直整合的数据中心企业，依托可再生能源为比特币、人工智能等前沿领域发展提供算力支撑，旗下设施策略性布局于美国及加拿大境内可再生能源丰富、光纤网络完善的区域。
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。
IREN vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.2倍
$184.7M
营收增速更快
IREN
高出34.1%
24.9%
自由现金流更多
ROCK
多$494.3M
$-468.0M
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $184.7M | $225.0M |
| 净利润 | $-155.4M | — |
| 毛利率 | 64.4% | 25.3% |
| 营业利润率 | -63.0% | 7.9% |
| 净利率 | -84.1% | — |
| 营收同比 | 59.0% | 24.9% |
| 净利润同比 | -610.0% | — |
| 每股收益（稀释后） | $-0.52 | — |
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IRENROCK
| Q4 25 | $184.7M | $225.0M | ||
| Q3 25 | $240.3M | $310.9M | ||
| Q2 25 | — | $309.5M | ||
| Q1 25 | — | $290.0M | ||
| Q4 24 | $116.1M | $180.1M | ||
| Q3 24 | $52.8M | $277.1M | ||
| Q2 24 | — | $273.6M | ||
| Q1 24 | $54.3M | $292.5M |
净利润IRENROCK
| Q4 25 | $-155.4M | — | ||
| Q3 25 | $384.6M | $-89.1M | ||
| Q2 25 | — | $26.0M | ||
| Q1 25 | — | $21.1M | ||
| Q4 24 | $-21.9M | — | ||
| Q3 24 | $-51.7M | $34.0M | ||
| Q2 24 | — | $32.2M | ||
| Q1 24 | $8.6M | $24.9M |
毛利率IRENROCK
| Q4 25 | 64.4% | 25.3% | ||
| Q3 25 | 66.4% | 26.6% | ||
| Q2 25 | — | 28.4% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | 72.2% | 29.0% | ||
| Q3 24 | 39.6% | 29.4% | ||
| Q2 24 | — | 30.5% | ||
| Q1 24 | — | 28.9% |
营业利润率IRENROCK
| Q4 25 | -63.0% | 7.9% | ||
| Q3 25 | -31.8% | 12.8% | ||
| Q2 25 | — | 12.8% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | 14.9% | 13.3% | ||
| Q3 24 | -89.2% | 15.6% | ||
| Q2 24 | — | 14.9% | ||
| Q1 24 | 11.1% | 10.8% |
净利率IRENROCK
| Q4 25 | -84.1% | — | ||
| Q3 25 | 160.1% | -28.6% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 7.3% | ||
| Q4 24 | -18.8% | — | ||
| Q3 24 | -98.0% | 12.3% | ||
| Q2 24 | — | 11.8% | ||
| Q1 24 | 15.9% | 8.5% |
每股收益（稀释后）IRENROCK
| Q4 25 | $-0.52 | — | ||
| Q3 25 | $1.08 | $-2.98 | ||
| Q2 25 | — | $0.87 | ||
| Q1 25 | — | — | ||
| Q4 24 | $-0.10 | — | ||
| Q3 24 | $-0.27 | $1.11 | ||
| Q2 24 | — | $1.05 | ||
| Q1 24 | $0.00 | — |
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 | $3.3B | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $2.5B | $950.4M |
| 总资产 | $7.0B | $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IRENROCK
| Q4 25 | $3.3B | $115.7M | ||
| Q3 25 | $1.0B | $89.4M | ||
| Q2 25 | — | $43.3M | ||
| Q1 25 | — | $25.1M | ||
| Q4 24 | $427.3M | $269.5M | ||
| Q3 24 | $98.6M | $228.9M | ||
| Q2 24 | — | $179.1M | ||
| Q1 24 | $259.7M | $146.7M |
总债务IRENROCK
| 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IRENROCK
| Q4 25 | $2.5B | $950.4M | ||
| Q3 25 | $2.9B | $951.8M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | — | $975.7M | ||
| Q1 24 | $677.2M | $940.2M |
总资产IRENROCK
| Q4 25 | $7.0B | $1.4B | ||
| Q3 25 | $4.3B | $1.4B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $1.9B | $1.4B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | $723.6M | $1.3B |
负债/权益比IRENROCK
| 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 | $71.7M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-468.0M | $26.2M |
| 自由现金流率自由现金流/营收 | -253.4% | 11.7% |
| 资本支出强度资本支出/营收 | 292.2% | 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 | $-701.2M | $120.6M |
8季度趋势，按日历期对齐
经营现金流IRENROCK
| Q4 25 | $71.7M | $35.5M | ||
| Q3 25 | $142.4M | $73.0M | ||
| Q2 25 | — | $44.9M | ||
| Q1 25 | — | $13.7M | ||
| Q4 24 | $53.6M | $19.9M | ||
| Q3 24 | $-3.9M | $64.7M | ||
| Q2 24 | — | $36.5M | ||
| Q1 24 | $-27.1M | $53.2M |
自由现金流IRENROCK
| Q4 25 | $-468.0M | $26.2M | ||
| Q3 25 | $-38.0M | $64.8M | ||
| Q2 25 | — | $27.3M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | $-85.5M | $14.1M | ||
| Q3 24 | $-109.7M | $60.5M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | $-108.3M | $48.8M |
自由现金流率IRENROCK
| Q4 25 | -253.4% | 11.7% | ||
| Q3 25 | -15.8% | 20.8% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | -73.6% | 7.8% | ||
| Q3 24 | -208.0% | 21.8% | ||
| Q2 24 | — | 12.2% | ||
| Q1 24 | -199.4% | 16.7% |
资本支出强度IRENROCK
| Q4 25 | 292.2% | 4.1% | ||
| Q3 25 | 75.0% | 2.6% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | 119.7% | 3.3% | ||
| Q3 24 | 200.6% | 1.5% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | 149.5% | 1.5% |
现金转化率IRENROCK
| Q4 25 | — | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | -3.13× | 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
IREN
| Bitcoin Mining Revenue | $167.4M | 91% |
| AI Cloud Services | $17.3M | 9% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
