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MARA Holdings, Inc.（MARA）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MARA Holdings, Inc.的1.1倍（$225.0M vs $202.3M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -5.6%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-1.2B），过去两年MARA Holdings, Inc.的营收复合增速更高（10.7% vs -12.3%）
MARA Holdings, Inc.是一家美国数字资产技术及加密货币挖矿企业，总部位于佛罗里达州劳德代尔堡。公司成立于2010年，最初以专利控股公司的模式运营，2010年代后期转向专注于区块链基础设施与数字资产相关业务。
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。
MARA vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.1倍
$202.3M
营收增速更快
ROCK
高出30.6%
-5.6%
自由现金流更多
ROCK
多$1.2B
$-1.2B
两年增速更快
MARA
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $202.3M | $225.0M |
| 净利润 | $-1.7B | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | -11795.9% | 7.9% |
| 净利率 | -14298.3% | — |
| 营收同比 | -5.6% | 24.9% |
| 净利润同比 | -423.5% | — |
| 每股收益（稀释后） | $-4.25 | — |
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MARAROCK
| Q4 25 | $202.3M | $225.0M | ||
| Q3 25 | $252.4M | $310.9M | ||
| Q2 25 | $238.5M | $309.5M | ||
| Q1 25 | $213.9M | $290.0M | ||
| Q4 24 | $214.4M | $180.1M | ||
| Q3 24 | $131.6M | $277.1M | ||
| Q2 24 | $145.1M | $273.6M | ||
| Q1 24 | $165.2M | $292.5M |
净利润MARAROCK
| Q4 25 | $-1.7B | — | ||
| Q3 25 | $123.1M | $-89.1M | ||
| Q2 25 | $808.2M | $26.0M | ||
| Q1 25 | $-533.4M | $21.1M | ||
| Q4 24 | $528.5M | — | ||
| Q3 24 | $-124.8M | $34.0M | ||
| Q2 24 | $-199.7M | $32.2M | ||
| Q1 24 | $337.2M | $24.9M |
毛利率MARAROCK
| Q4 25 | — | 25.3% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | — | 28.4% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | -2613.4% | 29.0% | ||
| Q3 24 | -1065.0% | 29.4% | ||
| Q2 24 | -587.6% | 30.5% | ||
| Q1 24 | -289.4% | 28.9% |
营业利润率MARAROCK
| Q4 25 | -11795.9% | 7.9% | ||
| Q3 25 | 18.9% | 12.8% | ||
| Q2 25 | — | 12.8% | ||
| Q1 25 | -253.0% | 8.8% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | -130.8% | 15.6% | ||
| Q2 24 | -160.1% | 14.9% | ||
| Q1 24 | — | 10.8% |
净利率MARAROCK
| Q4 25 | -14298.3% | — | ||
| Q3 25 | 48.8% | -28.6% | ||
| Q2 25 | 338.9% | 8.4% | ||
| Q1 25 | -249.4% | 7.3% | ||
| Q4 24 | 5367.4% | — | ||
| Q3 24 | -94.8% | 12.3% | ||
| Q2 24 | -137.6% | 11.8% | ||
| Q1 24 | 204.1% | 8.5% |
每股收益（稀释后）MARAROCK
| Q4 25 | $-4.25 | — | ||
| Q3 25 | $0.27 | $-2.98 | ||
| Q2 25 | $1.84 | $0.87 | ||
| Q1 25 | $-1.55 | — | ||
| Q4 24 | $1.60 | — | ||
| Q3 24 | $-0.42 | $1.11 | ||
| Q2 24 | $-0.72 | $1.05 | ||
| Q1 24 | $1.26 | — |
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 | $547.1M | $115.7M |
| 总债务越低越好 | $3.6B | $0 |
| 股东权益账面价值 | $3.5B | $950.4M |
| 总资产 | $7.3B | $1.4B |
| 负债/权益比越低杠杆越低 | 1.04× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资MARAROCK
| Q4 25 | $547.1M | $115.7M | ||
| Q3 25 | $826.4M | $89.4M | ||
| Q2 25 | $109.5M | $43.3M | ||
| Q1 25 | $196.2M | $25.1M | ||
| Q4 24 | $391.8M | $269.5M | ||
| Q3 24 | $164.3M | $228.9M | ||
| Q2 24 | $256.0M | $179.1M | ||
| Q1 24 | $324.3M | $146.7M |
总债务MARAROCK
| Q4 25 | $3.6B | $0 | ||
| Q3 25 | $3.2B | $0 | ||
| Q2 25 | $2.3B | $0 | ||
| Q1 25 | $2.3B | $0 | ||
| Q4 24 | $2.4B | $0 | ||
| Q3 24 | $618.7M | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益MARAROCK
| Q4 25 | $3.5B | $950.4M | ||
| Q3 25 | $5.2B | $951.8M | ||
| Q2 25 | $4.8B | $1.0B | ||
| Q1 25 | $3.7B | $1.0B | ||
| Q4 24 | $4.1B | $1.0B | ||
| Q3 24 | $2.9B | $1.0B | ||
| Q2 24 | $2.6B | $975.7M | ||
| Q1 24 | $2.5B | $940.2M |
总资产MARAROCK
| Q4 25 | $7.3B | $1.4B | ||
| Q3 25 | $9.2B | $1.4B | ||
| Q2 25 | $7.7B | $1.5B | ||
| Q1 25 | $6.4B | $1.4B | ||
| Q4 24 | $6.8B | $1.4B | ||
| Q3 24 | $3.6B | $1.4B | ||
| Q2 24 | $3.1B | $1.4B | ||
| Q1 24 | $3.0B | $1.3B |
负债/权益比MARAROCK
| Q4 25 | 1.04× | 0.00× | ||
| Q3 25 | 0.63× | 0.00× | ||
| Q2 25 | 0.47× | 0.00× | ||
| Q1 25 | 0.62× | 0.00× | ||
| Q4 24 | 0.59× | 0.00× | ||
| Q3 24 | 0.22× | 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 | $-802.7M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-1.2B | $26.2M |
| 自由现金流率自由现金流/营收 | -598.0% | 11.7% |
| 资本支出强度资本支出/营收 | 201.2% | 4.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-2.0B | $120.6M |
8季度趋势，按日历期对齐
经营现金流MARAROCK
| Q4 25 | $-802.7M | $35.5M | ||
| Q3 25 | $-199.0M | $73.0M | ||
| Q2 25 | $-163.4M | $44.9M | ||
| Q1 25 | $-215.5M | $13.7M | ||
| Q4 24 | $-677.0M | $19.9M | ||
| Q3 24 | $-160.1M | $64.7M | ||
| Q2 24 | $-115.2M | $36.5M | ||
| Q1 24 | $-88.3M | $53.2M |
自由现金流MARAROCK
| Q4 25 | $-1.2B | $26.2M | ||
| Q3 25 | $-283.9M | $64.8M | ||
| Q2 25 | $-282.4M | $27.3M | ||
| Q1 25 | $-254.3M | $2.3M | ||
| Q4 24 | $-927.8M | $14.1M | ||
| Q3 24 | $-198.1M | $60.5M | ||
| Q2 24 | $-132.4M | $33.5M | ||
| Q1 24 | $-97.4M | $48.8M |
自由现金流率MARAROCK
| Q4 25 | -598.0% | 11.7% | ||
| Q3 25 | -112.5% | 20.8% | ||
| Q2 25 | -118.4% | 8.8% | ||
| Q1 25 | -118.9% | 0.8% | ||
| Q4 24 | -432.8% | 7.8% | ||
| Q3 24 | -150.5% | 21.8% | ||
| Q2 24 | -91.2% | 12.2% | ||
| Q1 24 | -59.0% | 16.7% |
资本支出强度MARAROCK
| Q4 25 | 201.2% | 4.1% | ||
| Q3 25 | 33.6% | 2.6% | ||
| Q2 25 | 49.9% | 5.7% | ||
| Q1 25 | 18.2% | 3.9% | ||
| Q4 24 | 117.0% | 3.3% | ||
| Q3 24 | 28.9% | 1.5% | ||
| Q2 24 | 11.9% | 1.1% | ||
| Q1 24 | 5.5% | 1.5% |
现金转化率MARAROCK
| Q4 25 | — | — | ||
| Q3 25 | -1.62× | — | ||
| Q2 25 | -0.20× | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | -1.28× | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | -0.26× | 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
MARA
暂无分部数据
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
