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LINCOLN EDUCATIONAL SERVICES CORP（LINC）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LINCOLN EDUCATIONAL SERVICES CORP的1.6倍（$225.0M vs $142.9M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 19.7%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $25.0M），过去两年LINCOLN EDUCATIONAL SERVICES CORP的营收复合增速更高（17.6% vs -12.3%）
林肯技术教育集团是美国营利性高等职业教育机构，总部位于新泽西州帕西帕尼，在美国科罗拉多、康涅狄格、佐治亚等12个州都设有校区，所有校区均由林肯教育服务公司持有运营，主打面向就业的高等职业技术教育服务。
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。
LINC vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.6倍
$142.9M
营收增速更快
ROCK
高出5.3%
19.7%
自由现金流更多
ROCK
多$1.2M
$25.0M
两年增速更快
LINC
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $142.9M | $225.0M |
| 净利润 | $12.7M | — |
| 毛利率 | 62.3% | 25.3% |
| 营业利润率 | 12.4% | 7.9% |
| 净利率 | 8.9% | — |
| 营收同比 | 19.7% | 24.9% |
| 净利润同比 | 85.9% | — |
| 每股收益（稀释后） | $0.41 | — |
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LINCROCK
| Q4 25 | $142.9M | $225.0M | ||
| Q3 25 | $141.4M | $310.9M | ||
| Q2 25 | $116.5M | $309.5M | ||
| Q1 25 | $117.5M | $290.0M | ||
| Q4 24 | $119.4M | $180.1M | ||
| Q3 24 | $114.4M | $277.1M | ||
| Q2 24 | $102.9M | $273.6M | ||
| Q1 24 | $103.4M | $292.5M |
净利润LINCROCK
| Q4 25 | $12.7M | — | ||
| Q3 25 | $3.8M | $-89.1M | ||
| Q2 25 | $1.6M | $26.0M | ||
| Q1 25 | $1.9M | $21.1M | ||
| Q4 24 | $6.8M | — | ||
| Q3 24 | $4.0M | $34.0M | ||
| Q2 24 | $-682.0K | $32.2M | ||
| Q1 24 | $-214.0K | $24.9M |
毛利率LINCROCK
| Q4 25 | 62.3% | 25.3% | ||
| Q3 25 | 59.5% | 26.6% | ||
| Q2 25 | 59.8% | 28.4% | ||
| Q1 25 | 59.7% | 26.8% | ||
| Q4 24 | 62.2% | 29.0% | ||
| Q3 24 | 58.0% | 29.4% | ||
| Q2 24 | 55.7% | 30.5% | ||
| Q1 24 | 58.4% | 28.9% |
营业利润率LINCROCK
| Q4 25 | 12.4% | 7.9% | ||
| Q3 25 | 4.4% | 12.8% | ||
| Q2 25 | 2.5% | 12.8% | ||
| Q1 25 | 2.9% | 8.8% | ||
| Q4 24 | 9.2% | 13.3% | ||
| Q3 24 | 5.1% | 15.6% | ||
| Q2 24 | -1.1% | 14.9% | ||
| Q1 24 | -0.4% | 10.8% |
净利率LINCROCK
| Q4 25 | 8.9% | — | ||
| Q3 25 | 2.7% | -28.6% | ||
| Q2 25 | 1.3% | 8.4% | ||
| Q1 25 | 1.7% | 7.3% | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 3.5% | 12.3% | ||
| Q2 24 | -0.7% | 11.8% | ||
| Q1 24 | -0.2% | 8.5% |
每股收益（稀释后）LINCROCK
| Q4 25 | $0.41 | — | ||
| Q3 25 | $0.12 | $-2.98 | ||
| Q2 25 | $0.05 | $0.87 | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $0.22 | — | ||
| Q3 24 | $0.13 | $1.11 | ||
| Q2 24 | $-0.02 | $1.05 | ||
| Q1 24 | $-0.01 | — |
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 | $28.5M | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $199.7M | $950.4M |
| 总资产 | $493.2M | $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LINCROCK
| Q4 25 | $28.5M | $115.7M | ||
| Q3 25 | $13.5M | $89.4M | ||
| Q2 25 | $16.7M | $43.3M | ||
| Q1 25 | $28.7M | $25.1M | ||
| Q4 24 | $59.3M | $269.5M | ||
| Q3 24 | $54.0M | $228.9M | ||
| Q2 24 | $67.0M | $179.1M | ||
| Q1 24 | $68.6M | $146.7M |
总债务LINCROCK
| 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LINCROCK
| Q4 25 | $199.7M | $950.4M | ||
| Q3 25 | $185.9M | $951.8M | ||
| Q2 25 | $180.7M | $1.0B | ||
| Q1 25 | $177.8M | $1.0B | ||
| Q4 24 | $178.3M | $1.0B | ||
| Q3 24 | $170.0M | $1.0B | ||
| Q2 24 | $164.9M | $975.7M | ||
| Q1 24 | $164.5M | $940.2M |
总资产LINCROCK
| Q4 25 | $493.2M | $1.4B | ||
| Q3 25 | $466.9M | $1.4B | ||
| Q2 25 | $447.3M | $1.5B | ||
| Q1 25 | $427.4M | $1.4B | ||
| Q4 24 | $436.6M | $1.4B | ||
| Q3 24 | $404.0M | $1.4B | ||
| Q2 24 | $366.4M | $1.4B | ||
| Q1 24 | $355.2M | $1.3B |
负债/权益比LINCROCK
| 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 | $43.5M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $25.0M | $26.2M |
| 自由现金流率自由现金流/营收 | 17.5% | 11.7% |
| 资本支出强度资本支出/营收 | 13.0% | 4.1% |
| 现金转化率经营现金流/净利润 | 3.43× | — |
| 过去12个月自由现金流最近4个季度 | $-27.3M | $120.6M |
8季度趋势，按日历期对齐
经营现金流LINCROCK
| Q4 25 | $43.5M | $35.5M | ||
| Q3 25 | $23.9M | $73.0M | ||
| Q2 25 | $299.0K | $44.9M | ||
| Q1 25 | $-8.4M | $13.7M | ||
| Q4 24 | $30.3M | $19.9M | ||
| Q3 24 | $5.6M | $64.7M | ||
| Q2 24 | $8.3M | $36.5M | ||
| Q1 24 | $-14.9M | $53.2M |
自由现金流LINCROCK
| Q4 25 | $25.0M | $26.2M | ||
| Q3 25 | $2.0M | $64.8M | ||
| Q2 25 | $-26.1M | $27.3M | ||
| Q1 25 | $-28.3M | $2.3M | ||
| Q4 24 | $5.5M | $14.1M | ||
| Q3 24 | $-13.8M | $60.5M | ||
| Q2 24 | $-2.7M | $33.5M | ||
| Q1 24 | $-16.6M | $48.8M |
自由现金流率LINCROCK
| Q4 25 | 17.5% | 11.7% | ||
| Q3 25 | 1.4% | 20.8% | ||
| Q2 25 | -22.4% | 8.8% | ||
| Q1 25 | -24.1% | 0.8% | ||
| Q4 24 | 4.6% | 7.8% | ||
| Q3 24 | -12.0% | 21.8% | ||
| Q2 24 | -2.6% | 12.2% | ||
| Q1 24 | -16.1% | 16.7% |
资本支出强度LINCROCK
| Q4 25 | 13.0% | 4.1% | ||
| Q3 25 | 15.5% | 2.6% | ||
| Q2 25 | 22.7% | 5.7% | ||
| Q1 25 | 16.9% | 3.9% | ||
| Q4 24 | 20.8% | 3.3% | ||
| Q3 24 | 16.9% | 1.5% | ||
| Q2 24 | 10.7% | 1.1% | ||
| Q1 24 | 1.6% | 1.5% |
现金转化率LINCROCK
| Q4 25 | 3.43× | — | ||
| Q3 25 | 6.29× | — | ||
| Q2 25 | 0.19× | 1.73× | ||
| Q1 25 | -4.31× | 0.65× | ||
| Q4 24 | 4.43× | — | ||
| Q3 24 | 1.42× | 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
LINC
| Transferred Over Time | $136.0M | 95% |
| Transferred At Point In Time | $6.9M | 5% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
