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Kinetik Holdings Inc.（KNTK）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
Kinetik Holdings Inc.的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.9倍（$430.4M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 11.6%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-24.0M），过去两年Kinetik Holdings Inc.的营收复合增速更高（12.3% vs -12.3%）
Kinetik Holdings Inc.是一家聚焦二叠纪盆地的中游能源基础设施供应商，为美国南部核心油气产区的上游作业方提供天然气收集、处理、运输、存储，以及原油、采出水处置等一体化服务。
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。
KNTK vs ROCK — 直观对比
营收规模更大
KNTK
是对方的1.9倍
$225.0M
营收增速更快
ROCK
高出13.4%
11.6%
自由现金流更多
ROCK
多$50.2M
$-24.0M
两年增速更快
KNTK
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $430.4M | $225.0M |
| 净利润 | $416.7M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | 11.2% | 7.9% |
| 净利率 | 96.8% | — |
| 营收同比 | 11.6% | 24.9% |
| 净利润同比 | 2468.4% | — |
| 每股收益（稀释后） | $2.22 | — |
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KNTKROCK
| Q4 25 | $430.4M | $225.0M | ||
| Q3 25 | $464.0M | $310.9M | ||
| Q2 25 | $426.7M | $309.5M | ||
| Q1 25 | $443.3M | $290.0M | ||
| Q4 24 | $385.7M | $180.1M | ||
| Q3 24 | $396.4M | $277.1M | ||
| Q2 24 | $359.5M | $273.6M | ||
| Q1 24 | $341.4M | $292.5M |
净利润KNTKROCK
| Q4 25 | $416.7M | — | ||
| Q3 25 | $5.3M | $-89.1M | ||
| Q2 25 | $23.6M | $26.0M | ||
| Q1 25 | $19.3M | $21.1M | ||
| Q4 24 | $16.2M | — | ||
| Q3 24 | $25.8M | $34.0M | ||
| Q2 24 | $37.2M | $32.2M | ||
| Q1 24 | $233.6M | $24.9M |
毛利率KNTKROCK
| 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KNTKROCK
| Q4 25 | 11.2% | 7.9% | ||
| Q3 25 | 4.3% | 12.8% | ||
| Q2 25 | 18.2% | 12.8% | ||
| Q1 25 | 4.3% | 8.8% | ||
| Q4 24 | 6.1% | 13.3% | ||
| Q3 24 | 18.4% | 15.6% | ||
| Q2 24 | 15.7% | 14.9% | ||
| Q1 24 | 7.6% | 10.8% |
净利率KNTKROCK
| Q4 25 | 96.8% | — | ||
| Q3 25 | 1.1% | -28.6% | ||
| Q2 25 | 5.5% | 8.4% | ||
| Q1 25 | 4.3% | 7.3% | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | 6.5% | 12.3% | ||
| Q2 24 | 10.3% | 11.8% | ||
| Q1 24 | 68.4% | 8.5% |
每股收益（稀释后）KNTKROCK
| Q4 25 | $2.22 | — | ||
| Q3 25 | $0.03 | $-2.98 | ||
| Q2 25 | $0.33 | $0.87 | ||
| Q1 25 | $0.05 | — | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $0.35 | $1.11 | ||
| Q2 24 | $0.54 | $1.05 | ||
| Q1 24 | $0.12 | — |
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 | $4.0M | $115.7M |
| 总债务越低越好 | $3.6B | $0 |
| 股东权益账面价值 | $-565.4M | $950.4M |
| 总资产 | $7.1B | $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KNTKROCK
| Q4 25 | $4.0M | $115.7M | ||
| Q3 25 | $7.7M | $89.4M | ||
| Q2 25 | $10.7M | $43.3M | ||
| Q1 25 | $8.8M | $25.1M | ||
| Q4 24 | $3.6M | $269.5M | ||
| Q3 24 | $20.4M | $228.9M | ||
| Q2 24 | $12.5M | $179.1M | ||
| Q1 24 | $9.8M | $146.7M |
总债务KNTKROCK
| Q4 25 | $3.6B | $0 | ||
| Q3 25 | $4.0B | $0 | ||
| Q2 25 | $3.7B | $0 | ||
| Q1 25 | $3.6B | $0 | ||
| Q4 24 | $3.4B | $0 | ||
| Q3 24 | $3.3B | $0 | ||
| Q2 24 | $3.3B | $0 | ||
| Q1 24 | $3.5B | $0 |
股东权益KNTKROCK
| Q4 25 | $-565.4M | $950.4M | ||
| Q3 25 | $-1.8B | $951.8M | ||
| Q2 25 | $-1.6B | $1.0B | ||
| Q1 25 | $-2.5B | $1.0B | ||
| Q4 24 | $-3.0B | $1.0B | ||
| Q3 24 | $-1.7B | $1.0B | ||
| Q2 24 | $-1.2B | $975.7M | ||
| Q1 24 | $-973.4M | $940.2M |
总资产KNTKROCK
| Q4 25 | $7.1B | $1.4B | ||
| Q3 25 | $7.2B | $1.4B | ||
| Q2 25 | $7.2B | $1.5B | ||
| Q1 25 | $7.0B | $1.4B | ||
| Q4 24 | $6.8B | $1.4B | ||
| Q3 24 | $6.9B | $1.4B | ||
| Q2 24 | $6.9B | $1.4B | ||
| Q1 24 | $6.4B | $1.3B |
负债/权益比KNTKROCK
| 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 | $110.1M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-24.0M | $26.2M |
| 自由现金流率自由现金流/营收 | -5.6% | 11.7% |
| 资本支出强度资本支出/营收 | 31.2% | 4.1% |
| 现金转化率经营现金流/净利润 | 0.26× | — |
| 过去12个月自由现金流最近4个季度 | $111.6M | $120.6M |
8季度趋势，按日历期对齐
经营现金流KNTKROCK
| Q4 25 | $110.1M | $35.5M | ||
| Q3 25 | $188.1M | $73.0M | ||
| Q2 25 | $129.1M | $44.9M | ||
| Q1 25 | $176.8M | $13.7M | ||
| Q4 24 | $144.0M | $19.9M | ||
| Q3 24 | $214.1M | $64.7M | ||
| Q2 24 | $125.5M | $36.5M | ||
| Q1 24 | $153.7M | $53.2M |
自由现金流KNTKROCK
| Q4 25 | $-24.0M | $26.2M | ||
| Q3 25 | $31.6M | $64.8M | ||
| Q2 25 | $1.8M | $27.3M | ||
| Q1 25 | $102.3M | $2.3M | ||
| Q4 24 | $36.3M | $14.1M | ||
| Q3 24 | $155.7M | $60.5M | ||
| Q2 24 | $86.1M | $33.5M | ||
| Q1 24 | $95.7M | $48.8M |
自由现金流率KNTKROCK
| Q4 25 | -5.6% | 11.7% | ||
| Q3 25 | 6.8% | 20.8% | ||
| Q2 25 | 0.4% | 8.8% | ||
| Q1 25 | 23.1% | 0.8% | ||
| Q4 24 | 9.4% | 7.8% | ||
| Q3 24 | 39.3% | 21.8% | ||
| Q2 24 | 24.0% | 12.2% | ||
| Q1 24 | 28.0% | 16.7% |
资本支出强度KNTKROCK
| Q4 25 | 31.2% | 4.1% | ||
| Q3 25 | 33.7% | 2.6% | ||
| Q2 25 | 29.8% | 5.7% | ||
| Q1 25 | 16.8% | 3.9% | ||
| Q4 24 | 27.9% | 3.3% | ||
| Q3 24 | 14.7% | 1.5% | ||
| Q2 24 | 11.0% | 1.1% | ||
| Q1 24 | 17.0% | 1.5% |
现金转化率KNTKROCK
| Q4 25 | 0.26× | — | ||
| Q3 25 | 35.73× | — | ||
| Q2 25 | 5.46× | 1.73× | ||
| Q1 25 | 9.18× | 0.65× | ||
| Q4 24 | 8.88× | — | ||
| Q3 24 | 8.31× | 1.90× | ||
| Q2 24 | 3.37× | 1.13× | ||
| Q1 24 | 0.66× | 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
KNTK
| Natural Gas NG Ls And Condensate Sales | $325.5M | 76% |
| Gathering And Processing Services | $101.6M | 24% |
| Other | $3.3M | 1% |
| Barilla Draw | $2.3M | 1% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
