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冠群电脑（MANH）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
冠群电脑的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.3倍（$282.2M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 6.0%），过去两年冠群电脑的营收复合增速更高（3.1% vs -12.3%）
原冠群电脑国际有限公司，后更名为CA科技，是1976年至2018年存续的美国跨国企业软件开发商与发行商。作为全球顶尖独立软件企业之一，曾位列行业第二，旗下系统软件适配IBM大型机、分布式计算、虚拟机及云计算环境。
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。
MANH vs ROCK — 直观对比
营收规模更大
MANH
是对方的1.3倍
$225.0M
营收增速更快
ROCK
高出18.9%
6.0%
两年增速更快
MANH
近两年复合增速
-12.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $282.2M | $225.0M |
| 净利润 | $49.3M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | 23.0% | 7.9% |
| 净利率 | 17.5% | — |
| 营收同比 | 6.0% | 24.9% |
| 净利润同比 | -6.3% | — |
| 每股收益（稀释后） | $0.82 | — |
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MANHROCK
| Q1 26 | $282.2M | — | ||
| Q4 25 | $270.4M | $225.0M | ||
| Q3 25 | $275.8M | $310.9M | ||
| Q2 25 | $272.4M | $309.5M | ||
| Q1 25 | $262.8M | $290.0M | ||
| Q4 24 | $255.8M | $180.1M | ||
| Q3 24 | $266.7M | $277.1M | ||
| Q2 24 | $265.3M | $273.6M |
净利润MANHROCK
| Q1 26 | $49.3M | — | ||
| Q4 25 | $52.0M | — | ||
| Q3 25 | $58.6M | $-89.1M | ||
| Q2 25 | $56.8M | $26.0M | ||
| Q1 25 | $52.6M | $21.1M | ||
| Q4 24 | $48.0M | — | ||
| Q3 24 | $63.8M | $34.0M | ||
| Q2 24 | $52.8M | $32.2M |
毛利率MANHROCK
| Q1 26 | — | — | ||
| Q4 25 | 55.0% | 25.3% | ||
| Q3 25 | 56.6% | 26.6% | ||
| Q2 25 | 57.3% | 28.4% | ||
| Q1 25 | 56.4% | 26.8% | ||
| Q4 24 | 55.8% | 29.0% | ||
| Q3 24 | 55.5% | 29.4% | ||
| Q2 24 | 54.8% | 30.5% |
营业利润率MANHROCK
| Q1 26 | 23.0% | — | ||
| Q4 25 | 24.8% | 7.9% | ||
| Q3 25 | 27.5% | 12.8% | ||
| Q2 25 | 27.1% | 12.8% | ||
| Q1 25 | 24.0% | 8.8% | ||
| Q4 24 | 23.7% | 13.3% | ||
| Q3 24 | 28.2% | 15.6% | ||
| Q2 24 | 25.7% | 14.9% |
净利率MANHROCK
| Q1 26 | 17.5% | — | ||
| Q4 25 | 19.2% | — | ||
| Q3 25 | 21.3% | -28.6% | ||
| Q2 25 | 20.8% | 8.4% | ||
| Q1 25 | 20.0% | 7.3% | ||
| Q4 24 | 18.8% | — | ||
| Q3 24 | 23.9% | 12.3% | ||
| Q2 24 | 19.9% | 11.8% |
每股收益（稀释后）MANHROCK
| Q1 26 | $0.82 | — | ||
| Q4 25 | $0.86 | — | ||
| Q3 25 | $0.96 | $-2.98 | ||
| Q2 25 | $0.93 | $0.87 | ||
| Q1 25 | $0.85 | — | ||
| Q4 24 | $0.77 | — | ||
| Q3 24 | $1.03 | $1.11 | ||
| Q2 24 | $0.85 | $1.05 |
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 | $226.1M | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $205.2M | $950.4M |
| 总资产 | $740.5M | $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MANHROCK
| Q1 26 | $226.1M | — | ||
| Q4 25 | $328.7M | $115.7M | ||
| Q3 25 | $263.6M | $89.4M | ||
| Q2 25 | $230.6M | $43.3M | ||
| Q1 25 | $205.9M | $25.1M | ||
| Q4 24 | $266.2M | $269.5M | ||
| Q3 24 | $215.0M | $228.9M | ||
| Q2 24 | $202.7M | $179.1M |
总债务MANHROCK
| Q1 26 | — | — | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 |
股东权益MANHROCK
| Q1 26 | $205.2M | — | ||
| Q4 25 | $314.8M | $950.4M | ||
| Q3 25 | $309.2M | $951.8M | ||
| Q2 25 | $278.8M | $1.0B | ||
| Q1 25 | $245.1M | $1.0B | ||
| Q4 24 | $299.1M | $1.0B | ||
| Q3 24 | $278.0M | $1.0B | ||
| Q2 24 | $240.6M | $975.7M |
总资产MANHROCK
| Q1 26 | $740.5M | — | ||
| Q4 25 | $839.4M | $1.4B | ||
| Q3 25 | $768.8M | $1.4B | ||
| Q2 25 | $744.7M | $1.5B | ||
| Q1 25 | $708.2M | $1.4B | ||
| Q4 24 | $757.6M | $1.4B | ||
| Q3 24 | $698.1M | $1.4B | ||
| Q2 24 | $665.3M | $1.4B |
负债/权益比MANHROCK
| Q1 26 | — | — | ||
| 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× |
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 | $84.0M | $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 | 0.3% | 4.1% |
| 现金转化率经营现金流/净利润 | 1.70× | — |
| 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MANHROCK
| Q1 26 | $84.0M | — | ||
| Q4 25 | $147.1M | $35.5M | ||
| Q3 25 | $93.1M | $73.0M | ||
| Q2 25 | $74.0M | $44.9M | ||
| Q1 25 | $75.3M | $13.7M | ||
| Q4 24 | $104.7M | $19.9M | ||
| Q3 24 | $62.3M | $64.7M | ||
| Q2 24 | $73.3M | $36.5M |
自由现金流MANHROCK
| Q1 26 | — | — | ||
| Q4 25 | $142.4M | $26.2M | ||
| Q3 25 | $87.2M | $64.8M | ||
| Q2 25 | $70.1M | $27.3M | ||
| Q1 25 | $74.4M | $2.3M | ||
| Q4 24 | $101.6M | $14.1M | ||
| Q3 24 | $61.3M | $60.5M | ||
| Q2 24 | $71.0M | $33.5M |
自由现金流率MANHROCK
| Q1 26 | — | — | ||
| Q4 25 | 52.7% | 11.7% | ||
| Q3 25 | 31.6% | 20.8% | ||
| Q2 25 | 25.7% | 8.8% | ||
| Q1 25 | 28.3% | 0.8% | ||
| Q4 24 | 39.7% | 7.8% | ||
| Q3 24 | 23.0% | 21.8% | ||
| Q2 24 | 26.8% | 12.2% |
资本支出强度MANHROCK
| Q1 26 | 0.3% | — | ||
| Q4 25 | 1.7% | 4.1% | ||
| Q3 25 | 2.1% | 2.6% | ||
| Q2 25 | 1.5% | 5.7% | ||
| Q1 25 | 0.3% | 3.9% | ||
| Q4 24 | 1.2% | 3.3% | ||
| Q3 24 | 0.4% | 1.5% | ||
| Q2 24 | 0.8% | 1.1% |
现金转化率MANHROCK
| Q1 26 | 1.70× | — | ||
| Q4 25 | 2.83× | — | ||
| Q3 25 | 1.59× | — | ||
| Q2 25 | 1.30× | 1.73× | ||
| Q1 25 | 1.43× | 0.65× | ||
| Q4 24 | 2.18× | — | ||
| Q3 24 | 0.98× | 1.90× | ||
| Q2 24 | 1.39× | 1.13× |
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
MANH
| Services | $125.7M | 45% |
| Cloud subscriptions | $117.1M | 42% |
| Maintenance | $30.6M | 11% |
| Hardware | $6.5M | 2% |
| Software license | $2.2M | 1% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
