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MALIBU BOATS, INC.（MBUU）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MALIBU BOATS, INC.的1.2倍（$225.0M vs $188.6M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -5.8%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $8.2M），过去两年MALIBU BOATS, INC.的营收复合增速更高（-3.7% vs -12.3%）
马里布游艇是美国休闲游艇制造商，1982年创立于加利福尼亚州默塞德，现总部位于田纳西州洛登，在澳大利亚新南威尔士州也设有生产基地。它是全球最大的水上运动拖船制造商，产品可供休闲使用，也应用于滑水、尾波滑板等各类赛事活动。
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。
MBUU vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.2倍
$188.6M
营收增速更快
ROCK
高出30.8%
-5.8%
自由现金流更多
ROCK
多$18.0M
$8.2M
两年增速更快
MBUU
近两年复合增速
-12.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $188.6M | $225.0M |
| 净利润 | $-2.5M | — |
| 毛利率 | 13.3% | 25.3% |
| 营业利润率 | -1.9% | 7.9% |
| 净利率 | -1.3% | — |
| 营收同比 | -5.8% | 24.9% |
| 净利润同比 | -204.2% | — |
| 每股收益（稀释后） | $-0.13 | — |
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MBUUROCK
| Q4 25 | $188.6M | $225.0M | ||
| Q3 25 | $194.7M | $310.9M | ||
| Q2 25 | $207.0M | $309.5M | ||
| Q1 25 | $228.7M | $290.0M | ||
| Q4 24 | $200.3M | $180.1M | ||
| Q3 24 | $171.6M | $277.1M | ||
| Q2 24 | $158.7M | $273.6M | ||
| Q1 24 | $203.4M | $292.5M |
净利润MBUUROCK
| Q4 25 | $-2.5M | — | ||
| Q3 25 | $-702.0K | $-89.1M | ||
| Q2 25 | $4.7M | $26.0M | ||
| Q1 25 | $12.9M | $21.1M | ||
| Q4 24 | $2.4M | — | ||
| Q3 24 | $-5.0M | $34.0M | ||
| Q2 24 | $-19.2M | $32.2M | ||
| Q1 24 | $-66.8M | $24.9M |
毛利率MBUUROCK
| Q4 25 | 13.3% | 25.3% | ||
| Q3 25 | 14.3% | 26.6% | ||
| Q2 25 | 15.8% | 28.4% | ||
| Q1 25 | 20.0% | 26.8% | ||
| Q4 24 | 18.7% | 29.0% | ||
| Q3 24 | 16.4% | 29.4% | ||
| Q2 24 | 7.9% | 30.5% | ||
| Q1 24 | 19.8% | 28.9% |
营业利润率MBUUROCK
| Q4 25 | -1.9% | 7.9% | ||
| Q3 25 | -0.4% | 12.8% | ||
| Q2 25 | 3.3% | 12.8% | ||
| Q1 25 | 7.6% | 8.8% | ||
| Q4 24 | 1.6% | 13.3% | ||
| Q3 24 | -3.3% | 15.6% | ||
| Q2 24 | -15.4% | 14.9% | ||
| Q1 24 | -36.8% | 10.8% |
净利率MBUUROCK
| Q4 25 | -1.3% | — | ||
| Q3 25 | -0.4% | -28.6% | ||
| Q2 25 | 2.3% | 8.4% | ||
| Q1 25 | 5.6% | 7.3% | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | -2.9% | 12.3% | ||
| Q2 24 | -12.1% | 11.8% | ||
| Q1 24 | -32.9% | 8.5% |
每股收益（稀释后）MBUUROCK
| Q4 25 | $-0.13 | — | ||
| Q3 25 | $-0.04 | $-2.98 | ||
| Q2 25 | $0.23 | $0.87 | ||
| Q1 25 | $0.66 | — | ||
| Q4 24 | $0.12 | — | ||
| Q3 24 | $-0.25 | $1.11 | ||
| Q2 24 | $-0.93 | $1.05 | ||
| Q1 24 | $-3.28 | — |
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 | $28.2M | $115.7M |
| 总债务越低越好 | $20.0M | $0 |
| 股东权益账面价值 | $495.0M | $950.4M |
| 总资产 | $715.7M | $1.4B |
| 负债/权益比越低杠杆越低 | 0.04× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资MBUUROCK
| Q4 25 | $28.2M | $115.7M | ||
| Q3 25 | $44.1M | $89.4M | ||
| Q2 25 | $37.0M | $43.3M | ||
| Q1 25 | $38.7M | $25.1M | ||
| Q4 24 | $35.1M | $269.5M | ||
| Q3 24 | $27.7M | $228.9M | ||
| Q2 24 | $26.9M | $179.1M | ||
| Q1 24 | $47.1M | $146.7M |
总债务MBUUROCK
| Q4 25 | $20.0M | $0 | ||
| Q3 25 | $23.0M | $0 | ||
| Q2 25 | $18.0M | $0 | ||
| Q1 25 | $28.0M | $0 | ||
| Q4 24 | $23.0M | $0 | ||
| Q3 24 | $28.0M | $0 | ||
| Q2 24 | $0 | $0 | ||
| Q1 24 | $15.0M | $0 |
股东权益MBUUROCK
| Q4 25 | $495.0M | $950.4M | ||
| Q3 25 | $516.4M | $951.8M | ||
| Q2 25 | $515.5M | $1.0B | ||
| Q1 25 | $513.0M | $1.0B | ||
| Q4 24 | $509.8M | $1.0B | ||
| Q3 24 | $517.7M | $1.0B | ||
| Q2 24 | $530.0M | $975.7M | ||
| Q1 24 | $557.2M | $940.2M |
总资产MBUUROCK
| Q4 25 | $715.7M | $1.4B | ||
| Q3 25 | $755.6M | $1.4B | ||
| Q2 25 | $734.6M | $1.5B | ||
| Q1 25 | $758.8M | $1.4B | ||
| Q4 24 | $738.7M | $1.4B | ||
| Q3 24 | $759.1M | $1.4B | ||
| Q2 24 | $739.6M | $1.4B | ||
| Q1 24 | $797.6M | $1.3B |
负债/权益比MBUUROCK
| Q4 25 | 0.04× | 0.00× | ||
| Q3 25 | 0.04× | 0.00× | ||
| Q2 25 | 0.03× | 0.00× | ||
| Q1 25 | 0.05× | 0.00× | ||
| Q4 24 | 0.05× | 0.00× | ||
| Q3 24 | 0.05× | 0.00× | ||
| Q2 24 | 0.00× | 0.00× | ||
| Q1 24 | 0.03× | 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 | $12.6M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $8.2M | $26.2M |
| 自由现金流率自由现金流/营收 | 4.4% | 11.7% |
| 资本支出强度资本支出/营收 | 2.3% | 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 | $33.3M | $120.6M |
8季度趋势，按日历期对齐
经营现金流MBUUROCK
| Q4 25 | $12.6M | $35.5M | ||
| Q3 25 | $6.5M | $73.0M | ||
| Q2 25 | $21.0M | $44.9M | ||
| Q1 25 | $15.5M | $13.7M | ||
| Q4 24 | $28.4M | $19.9M | ||
| Q3 24 | $-8.4M | $64.7M | ||
| Q2 24 | $16.3M | $36.5M | ||
| Q1 24 | $23.5M | $53.2M |
自由现金流MBUUROCK
| Q4 25 | $8.2M | $26.2M | ||
| Q3 25 | $2.2M | $64.8M | ||
| Q2 25 | $14.1M | $27.3M | ||
| Q1 25 | $8.8M | $2.3M | ||
| Q4 24 | $22.8M | $14.1M | ||
| Q3 24 | $-17.0M | $60.5M | ||
| Q2 24 | $4.5M | $33.5M | ||
| Q1 24 | $11.5M | $48.8M |
自由现金流率MBUUROCK
| Q4 25 | 4.4% | 11.7% | ||
| Q3 25 | 1.1% | 20.8% | ||
| Q2 25 | 6.8% | 8.8% | ||
| Q1 25 | 3.8% | 0.8% | ||
| Q4 24 | 11.4% | 7.8% | ||
| Q3 24 | -9.9% | 21.8% | ||
| Q2 24 | 2.8% | 12.2% | ||
| Q1 24 | 5.7% | 16.7% |
资本支出强度MBUUROCK
| Q4 25 | 2.3% | 4.1% | ||
| Q3 25 | 2.2% | 2.6% | ||
| Q2 25 | 3.4% | 5.7% | ||
| Q1 25 | 2.9% | 3.9% | ||
| Q4 24 | 2.8% | 3.3% | ||
| Q3 24 | 5.0% | 1.5% | ||
| Q2 24 | 7.5% | 1.1% | ||
| Q1 24 | 5.9% | 1.5% |
现金转化率MBUUROCK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 4.50× | 1.73× | ||
| Q1 25 | 1.20× | 0.65× | ||
| Q4 24 | 12.02× | — | ||
| Q3 24 | — | 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
MBUU
| Boatand Trailer Sales | $68.1M | 36% |
| Saltwater Fishing | $65.3M | 35% |
| Cobalt | $52.6M | 28% |
| Part And Other Sales | $2.6M | 1% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
