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LivaNova PLC（LIVN）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
LivaNova PLC的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.6倍（$360.9M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 12.1%），LivaNova PLC自由现金流更多（$50.2M vs $26.2M），过去两年LivaNova PLC的营收复合增速更高（10.6% vs -12.3%）
LivaNova PLC是一家深耕医疗设备领域的企业，总部位于英国，核心业务为研发心脏外科及神经调控类医疗设备。该公司由美国Cyberonics公司与意大利Sorin公司于2015年以27亿美元对价合并成立，目前在纳斯达克挂牌交易，股票代码为LIVN。
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。
LIVN vs ROCK — 直观对比
营收规模更大
LIVN
是对方的1.6倍
$225.0M
营收增速更快
ROCK
高出12.8%
12.1%
自由现金流更多
LIVN
多$23.9M
$26.2M
两年增速更快
LIVN
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $360.9M | $225.0M |
| 净利润 | $30.9M | — |
| 毛利率 | 65.2% | 25.3% |
| 营业利润率 | 11.8% | 7.9% |
| 净利率 | 8.6% | — |
| 营收同比 | 12.1% | 24.9% |
| 净利润同比 | -44.7% | — |
| 每股收益（稀释后） | $0.57 | — |
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LIVNROCK
| Q4 25 | $360.9M | $225.0M | ||
| Q3 25 | $357.8M | $310.9M | ||
| Q2 25 | $352.5M | $309.5M | ||
| Q1 25 | $316.9M | $290.0M | ||
| Q4 24 | $321.8M | $180.1M | ||
| Q3 24 | $318.1M | $277.1M | ||
| Q2 24 | $318.6M | $273.6M | ||
| Q1 24 | $294.9M | $292.5M |
净利润LIVNROCK
| Q4 25 | $30.9M | — | ||
| Q3 25 | $26.8M | $-89.1M | ||
| Q2 25 | $27.2M | $26.0M | ||
| Q1 25 | $-327.3M | $21.1M | ||
| Q4 24 | $55.9M | — | ||
| Q3 24 | $33.0M | $34.0M | ||
| Q2 24 | $16.3M | $32.2M | ||
| Q1 24 | $-41.9M | $24.9M |
毛利率LIVNROCK
| Q4 25 | 65.2% | 25.3% | ||
| Q3 25 | 68.4% | 26.6% | ||
| Q2 25 | 67.8% | 28.4% | ||
| Q1 25 | 69.7% | 26.8% | ||
| Q4 24 | 68.2% | 29.0% | ||
| Q3 24 | 70.8% | 29.4% | ||
| Q2 24 | 68.7% | 30.5% | ||
| Q1 24 | 70.3% | 28.9% |
营业利润率LIVNROCK
| Q4 25 | 11.8% | 7.9% | ||
| Q3 25 | 15.1% | 12.8% | ||
| Q2 25 | 15.4% | 12.8% | ||
| Q1 25 | 15.3% | 8.8% | ||
| Q4 24 | 11.5% | 13.3% | ||
| Q3 24 | 11.2% | 15.6% | ||
| Q2 24 | 12.6% | 14.9% | ||
| Q1 24 | 5.5% | 10.8% |
净利率LIVNROCK
| Q4 25 | 8.6% | — | ||
| Q3 25 | 7.5% | -28.6% | ||
| Q2 25 | 7.7% | 8.4% | ||
| Q1 25 | -103.3% | 7.3% | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | 10.4% | 12.3% | ||
| Q2 24 | 5.1% | 11.8% | ||
| Q1 24 | -14.2% | 8.5% |
每股收益（稀释后）LIVNROCK
| Q4 25 | $0.57 | — | ||
| Q3 25 | $0.49 | $-2.98 | ||
| Q2 25 | $0.50 | $0.87 | ||
| Q1 25 | $-6.01 | — | ||
| Q4 24 | $1.04 | — | ||
| Q3 24 | $0.60 | $1.11 | ||
| Q2 24 | $0.30 | $1.05 | ||
| Q1 24 | $-0.78 | — |
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 | $635.6M | $115.7M |
| 总债务越低越好 | $376.1M | $0 |
| 股东权益账面价值 | $1.2B | $950.4M |
| 总资产 | $2.6B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.31× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资LIVNROCK
| Q4 25 | $635.6M | $115.7M | ||
| Q3 25 | $646.1M | $89.4M | ||
| Q2 25 | $593.6M | $43.3M | ||
| Q1 25 | $738.4M | $25.1M | ||
| Q4 24 | $428.9M | $269.5M | ||
| Q3 24 | $346.4M | $228.9M | ||
| Q2 24 | $329.2M | $179.1M | ||
| Q1 24 | $309.2M | $146.7M |
总债务LIVNROCK
| Q4 25 | $376.1M | $0 | ||
| Q3 25 | $434.5M | $0 | ||
| Q2 25 | $430.6M | $0 | ||
| Q1 25 | $628.2M | $0 | ||
| Q4 24 | $627.0M | $0 | ||
| Q3 24 | $625.5M | $0 | ||
| Q2 24 | $624.5M | $0 | ||
| Q1 24 | $623.8M | $0 |
股东权益LIVNROCK
| Q4 25 | $1.2B | $950.4M | ||
| Q3 25 | $1.2B | $951.8M | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.2B | $975.7M | ||
| Q1 24 | $1.2B | $940.2M |
总资产LIVNROCK
| Q4 25 | $2.6B | $1.4B | ||
| Q3 25 | $2.6B | $1.4B | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.5B | $1.4B | ||
| Q3 24 | $2.5B | $1.4B | ||
| Q2 24 | $2.5B | $1.4B | ||
| Q1 24 | $2.5B | $1.3B |
负债/权益比LIVNROCK
| Q4 25 | 0.31× | 0.00× | ||
| Q3 25 | 0.38× | 0.00× | ||
| Q2 25 | 0.38× | 0.00× | ||
| Q1 25 | 0.61× | 0.00× | ||
| Q4 24 | 0.47× | 0.00× | ||
| Q3 24 | 0.48× | 0.00× | ||
| Q2 24 | 0.50× | 0.00× | ||
| Q1 24 | 0.51× | 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 | $82.4M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $50.2M | $26.2M |
| 自由现金流率自由现金流/营收 | 13.9% | 11.7% |
| 资本支出强度资本支出/营收 | 8.9% | 4.1% |
| 现金转化率经营现金流/净利润 | 2.67× | — |
| 过去12个月自由现金流最近4个季度 | $173.3M | $120.6M |
8季度趋势，按日历期对齐
经营现金流LIVNROCK
| Q4 25 | $82.4M | $35.5M | ||
| Q3 25 | $85.1M | $73.0M | ||
| Q2 25 | $62.9M | $44.9M | ||
| Q1 25 | $24.0M | $13.7M | ||
| Q4 24 | $78.7M | $19.9M | ||
| Q3 24 | $51.0M | $64.7M | ||
| Q2 24 | $43.4M | $36.5M | ||
| Q1 24 | $10.0M | $53.2M |
自由现金流LIVNROCK
| Q4 25 | $50.2M | $26.2M | ||
| Q3 25 | $62.2M | $64.8M | ||
| Q2 25 | $47.8M | $27.3M | ||
| Q1 25 | $13.2M | $2.3M | ||
| Q4 24 | $68.3M | $14.1M | ||
| Q3 24 | $32.8M | $60.5M | ||
| Q2 24 | $31.2M | $33.5M | ||
| Q1 24 | $3.6M | $48.8M |
自由现金流率LIVNROCK
| Q4 25 | 13.9% | 11.7% | ||
| Q3 25 | 17.4% | 20.8% | ||
| Q2 25 | 13.6% | 8.8% | ||
| Q1 25 | 4.2% | 0.8% | ||
| Q4 24 | 21.2% | 7.8% | ||
| Q3 24 | 10.3% | 21.8% | ||
| Q2 24 | 9.8% | 12.2% | ||
| Q1 24 | 1.2% | 16.7% |
资本支出强度LIVNROCK
| Q4 25 | 8.9% | 4.1% | ||
| Q3 25 | 6.4% | 2.6% | ||
| Q2 25 | 4.3% | 5.7% | ||
| Q1 25 | 3.4% | 3.9% | ||
| Q4 24 | 3.2% | 3.3% | ||
| Q3 24 | 5.7% | 1.5% | ||
| Q2 24 | 3.8% | 1.1% | ||
| Q1 24 | 2.2% | 1.5% |
现金转化率LIVNROCK
| Q4 25 | 2.67× | — | ||
| Q3 25 | 3.18× | — | ||
| Q2 25 | 2.32× | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 1.55× | 1.90× | ||
| Q2 24 | 2.65× | 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
LIVN
| Other | $169.4M | 47% |
| Neuromodulation Segment | $119.7M | 33% |
| Cardiopulmonary Segment | $71.8M | 20% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
