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LGI Homes, Inc.（LGIH）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
LGI Homes, Inc.的季度营收约是GIBRALTAR INDUSTRIES, INC.的2.1倍（$474.0M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -15.0%），过去两年LGI Homes, Inc.的营收复合增速更高（10.1% vs -12.3%）
LGI Homes是一家总部位于美国得克萨斯州的新建住宅开发商，业务聚焦美国西南部地区。据《建筑商》杂志统计，该公司目前是美国第十大住宅建筑商，2019年共交付房屋7690套，较2018年增长18.1%，全年房屋销售营收达18亿美元，行业规模位居美国前列。
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。
LGIH vs ROCK — 直观对比
营收规模更大
LGIH
是对方的2.1倍
$225.0M
营收增速更快
ROCK
高出39.9%
-15.0%
两年增速更快
LGIH
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $474.0M | $225.0M |
| 净利润 | $17.3M | — |
| 毛利率 | 17.7% | 25.3% |
| 营业利润率 | 3.9% | 7.9% |
| 净利率 | 3.7% | — |
| 营收同比 | -15.0% | 24.9% |
| 净利润同比 | -66.0% | — |
| 每股收益（稀释后） | $0.74 | — |
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LGIHROCK
| Q4 25 | $474.0M | $225.0M | ||
| Q3 25 | $396.6M | $310.9M | ||
| Q2 25 | $483.5M | $309.5M | ||
| Q1 25 | $351.4M | $290.0M | ||
| Q4 24 | $557.4M | $180.1M | ||
| Q3 24 | $651.9M | $277.1M | ||
| Q2 24 | $602.5M | $273.6M | ||
| Q1 24 | $390.9M | $292.5M |
净利润LGIHROCK
| Q4 25 | $17.3M | — | ||
| Q3 25 | $19.7M | $-89.1M | ||
| Q2 25 | $31.5M | $26.0M | ||
| Q1 25 | $4.0M | $21.1M | ||
| Q4 24 | $50.9M | — | ||
| Q3 24 | $69.6M | $34.0M | ||
| Q2 24 | $58.6M | $32.2M | ||
| Q1 24 | $17.1M | $24.9M |
毛利率LGIHROCK
| Q4 25 | 17.7% | 25.3% | ||
| Q3 25 | 21.5% | 26.6% | ||
| Q2 25 | 22.9% | 28.4% | ||
| Q1 25 | 21.0% | 26.8% | ||
| Q4 24 | 22.9% | 29.0% | ||
| Q3 24 | 25.1% | 29.4% | ||
| Q2 24 | 25.0% | 30.5% | ||
| Q1 24 | 23.4% | 28.9% |
营业利润率LGIHROCK
| Q4 25 | 3.9% | 7.9% | ||
| Q3 25 | 5.4% | 12.8% | ||
| Q2 25 | 8.2% | 12.8% | ||
| Q1 25 | 0.0% | 8.8% | ||
| Q4 24 | 8.2% | 13.3% | ||
| Q3 24 | 12.3% | 15.6% | ||
| Q2 24 | 11.2% | 14.9% | ||
| Q1 24 | 4.8% | 10.8% |
净利率LGIHROCK
| Q4 25 | 3.7% | — | ||
| Q3 25 | 5.0% | -28.6% | ||
| Q2 25 | 6.5% | 8.4% | ||
| Q1 25 | 1.1% | 7.3% | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 10.7% | 12.3% | ||
| Q2 24 | 9.7% | 11.8% | ||
| Q1 24 | 4.4% | 8.5% |
每股收益（稀释后）LGIHROCK
| Q4 25 | $0.74 | — | ||
| Q3 25 | $0.85 | $-2.98 | ||
| Q2 25 | $1.36 | $0.87 | ||
| Q1 25 | $0.17 | — | ||
| Q4 24 | $2.15 | — | ||
| Q3 24 | $2.95 | $1.11 | ||
| Q2 24 | $2.48 | $1.05 | ||
| Q1 24 | $0.72 | — |
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 | — | $115.7M |
| 总债务越低越好 | $1.7B | $0 |
| 股东权益账面价值 | $2.1B | $950.4M |
| 总资产 | $3.9B | $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LGIHROCK
| Q4 25 | — | $115.7M | ||
| Q3 25 | — | $89.4M | ||
| Q2 25 | — | $43.3M | ||
| Q1 25 | — | $25.1M | ||
| Q4 24 | $53.2M | $269.5M | ||
| Q3 24 | — | $228.9M | ||
| Q2 24 | — | $179.1M | ||
| Q1 24 | — | $146.7M |
总债务LGIHROCK
| Q4 25 | $1.7B | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | $1.5B | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益LGIHROCK
| Q4 25 | $2.1B | $950.4M | ||
| Q3 25 | $2.1B | $951.8M | ||
| Q2 25 | $2.1B | $1.0B | ||
| Q1 25 | $2.0B | $1.0B | ||
| Q4 24 | $2.0B | $1.0B | ||
| Q3 24 | $2.0B | $1.0B | ||
| Q2 24 | $1.9B | $975.7M | ||
| Q1 24 | $1.9B | $940.2M |
总资产LGIHROCK
| Q4 25 | $3.9B | $1.4B | ||
| Q3 25 | $4.0B | $1.4B | ||
| Q2 25 | $4.0B | $1.5B | ||
| Q1 25 | $3.9B | $1.4B | ||
| Q4 24 | $3.8B | $1.4B | ||
| Q3 24 | $3.8B | $1.4B | ||
| Q2 24 | $3.7B | $1.4B | ||
| Q1 24 | $3.5B | $1.3B |
负债/权益比LGIHROCK
| Q4 25 | 0.79× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 0.73× | 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 | $86.8M | $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 | 0.0% | 4.1% |
| 现金转化率经营现金流/净利润 | 5.01× | — |
| 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LGIHROCK
| Q4 25 | $86.8M | $35.5M | ||
| Q3 25 | $-13.2M | $73.0M | ||
| Q2 25 | $-86.4M | $44.9M | ||
| Q1 25 | $-127.1M | $13.7M | ||
| Q4 24 | $57.0M | $19.9M | ||
| Q3 24 | $-17.8M | $64.7M | ||
| Q2 24 | $-83.5M | $36.5M | ||
| Q1 24 | $-99.5M | $53.2M |
自由现金流LGIHROCK
| Q4 25 | — | $26.2M | ||
| Q3 25 | $-13.3M | $64.8M | ||
| Q2 25 | $-86.4M | $27.3M | ||
| Q1 25 | $-128.0M | $2.3M | ||
| Q4 24 | $56.4M | $14.1M | ||
| Q3 24 | $-17.8M | $60.5M | ||
| Q2 24 | $-83.8M | $33.5M | ||
| Q1 24 | $-100.5M | $48.8M |
自由现金流率LGIHROCK
| Q4 25 | — | 11.7% | ||
| Q3 25 | -3.3% | 20.8% | ||
| Q2 25 | -17.9% | 8.8% | ||
| Q1 25 | -36.4% | 0.8% | ||
| Q4 24 | 10.1% | 7.8% | ||
| Q3 24 | -2.7% | 21.8% | ||
| Q2 24 | -13.9% | 12.2% | ||
| Q1 24 | -25.7% | 16.7% |
资本支出强度LGIHROCK
| Q4 25 | 0.0% | 4.1% | ||
| Q3 25 | 0.0% | 2.6% | ||
| Q2 25 | 0.0% | 5.7% | ||
| Q1 25 | 0.2% | 3.9% | ||
| Q4 24 | 0.1% | 3.3% | ||
| Q3 24 | 0.0% | 1.5% | ||
| Q2 24 | 0.0% | 1.1% | ||
| Q1 24 | 0.3% | 1.5% |
现金转化率LGIHROCK
| Q4 25 | 5.01× | — | ||
| Q3 25 | -0.67× | — | ||
| Q2 25 | -2.74× | 1.73× | ||
| Q1 25 | -31.83× | 0.65× | ||
| Q4 24 | 1.12× | — | ||
| Q3 24 | -0.26× | 1.90× | ||
| Q2 24 | -1.43× | 1.13× | ||
| Q1 24 | -5.83× | 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
LGIH
| West Reportable Segment | $128.2M | 27% |
| Southeast Reportable Segment | $118.9M | 25% |
| Central Reportable Segment | $105.8M | 22% |
| Florida Reportable Segment | $69.2M | 15% |
| Northwest Reportable Segment | $51.8M | 11% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
