vs
MERIT MEDICAL SYSTEMS INC（MMSI）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
MERIT MEDICAL SYSTEMS INC的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.7倍（$381.9M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 7.5%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $24.7M），过去两年MERIT MEDICAL SYSTEMS INC的营收复合增速更高（6.3% vs -12.3%）
梅里特医疗系统公司是一家全球性医疗设备企业，设计、生产和销售适用于心脏病学、放射学、肿瘤学、内窥镜及重症监护领域的介入和诊断产品，为全球医院及医疗机构提供微创医疗解决方案，助力提升患者疗效和临床操作效率。
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。
MMSI vs ROCK — 直观对比
营收规模更大
MMSI
是对方的1.7倍
$225.0M
营收增速更快
ROCK
高出17.5%
7.5%
自由现金流更多
ROCK
多$1.5M
$24.7M
两年增速更快
MMSI
近两年复合增速
-12.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $381.9M | $225.0M |
| 净利润 | $41.0M | — |
| 毛利率 | 48.4% | 25.3% |
| 营业利润率 | 11.6% | 7.9% |
| 净利率 | 10.7% | — |
| 营收同比 | 7.5% | 24.9% |
| 净利润同比 | 36.0% | — |
| 每股收益（稀释后） | $0.68 | — |
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MMSIROCK
| Q1 26 | $381.9M | — | ||
| Q4 25 | $393.9M | $225.0M | ||
| Q3 25 | $384.2M | $310.9M | ||
| Q2 25 | $382.5M | $309.5M | ||
| Q1 25 | $355.4M | $290.0M | ||
| Q4 24 | $355.2M | $180.1M | ||
| Q3 24 | $339.8M | $277.1M | ||
| Q2 24 | $338.0M | $273.6M |
净利润MMSIROCK
| Q1 26 | $41.0M | — | ||
| Q4 25 | $38.0M | — | ||
| Q3 25 | $27.8M | $-89.1M | ||
| Q2 25 | $32.6M | $26.0M | ||
| Q1 25 | $30.1M | $21.1M | ||
| Q4 24 | $27.9M | — | ||
| Q3 24 | $28.4M | $34.0M | ||
| Q2 24 | $35.7M | $32.2M |
毛利率MMSIROCK
| Q1 26 | 48.4% | — | ||
| Q4 25 | 49.6% | 25.3% | ||
| Q3 25 | 48.5% | 26.6% | ||
| Q2 25 | 48.2% | 28.4% | ||
| Q1 25 | 48.4% | 26.8% | ||
| Q4 24 | 48.7% | 29.0% | ||
| Q3 24 | 46.4% | 29.4% | ||
| Q2 24 | 47.7% | 30.5% |
营业利润率MMSIROCK
| Q1 26 | 11.6% | — | ||
| Q4 25 | 13.8% | 7.9% | ||
| Q3 25 | 11.1% | 12.8% | ||
| Q2 25 | 12.3% | 12.8% | ||
| Q1 25 | 11.5% | 8.8% | ||
| Q4 24 | 10.3% | 13.3% | ||
| Q3 24 | 11.0% | 15.6% | ||
| Q2 24 | 13.6% | 14.9% |
净利率MMSIROCK
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.6% | — | ||
| Q3 25 | 7.2% | -28.6% | ||
| Q2 25 | 8.5% | 8.4% | ||
| Q1 25 | 8.5% | 7.3% | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 8.4% | 12.3% | ||
| Q2 24 | 10.6% | 11.8% |
每股收益（稀释后）MMSIROCK
| Q1 26 | $0.68 | — | ||
| Q4 25 | $0.64 | — | ||
| Q3 25 | $0.46 | $-2.98 | ||
| Q2 25 | $0.54 | $0.87 | ||
| Q1 25 | $0.49 | — | ||
| Q4 24 | $0.46 | — | ||
| Q3 24 | $0.48 | $1.11 | ||
| Q2 24 | $0.61 | $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 | $488.1M | $115.7M |
| 总债务越低越好 | $735.2M | $0 |
| 股东权益账面价值 | $1.6B | $950.4M |
| 总资产 | $2.7B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资MMSIROCK
| Q1 26 | $488.1M | — | ||
| Q4 25 | $446.4M | $115.7M | ||
| Q3 25 | $392.5M | $89.4M | ||
| Q2 25 | $341.8M | $43.3M | ||
| Q1 25 | $395.5M | $25.1M | ||
| Q4 24 | $376.7M | $269.5M | ||
| Q3 24 | $523.1M | $228.9M | ||
| Q2 24 | $636.7M | $179.1M |
总债务MMSIROCK
| Q1 26 | $735.2M | — | ||
| Q4 25 | $734.0M | $0 | ||
| Q3 25 | $732.9M | $0 | ||
| Q2 25 | $731.8M | $0 | ||
| Q1 25 | $730.7M | $0 | ||
| Q4 24 | $729.6M | $0 | ||
| Q3 24 | $750.5M | $0 | ||
| Q2 24 | $801.3M | $0 |
股东权益MMSIROCK
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $950.4M | ||
| Q3 25 | $1.5B | $951.8M | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.3B | $975.7M |
总资产MMSIROCK
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $1.4B | ||
| Q3 25 | $2.6B | $1.4B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.5B | $1.4B | ||
| Q4 24 | $2.4B | $1.4B | ||
| Q3 24 | $2.4B | $1.4B | ||
| Q2 24 | $2.4B | $1.4B |
负债/权益比MMSIROCK
| Q1 26 | 0.45× | — | ||
| Q4 25 | 0.46× | 0.00× | ||
| Q3 25 | 0.48× | 0.00× | ||
| Q2 25 | 0.49× | 0.00× | ||
| Q1 25 | 0.51× | 0.00× | ||
| Q4 24 | 0.53× | 0.00× | ||
| Q3 24 | 0.57× | 0.00× | ||
| Q2 24 | 0.62× | 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 | — | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $24.7M | $26.2M |
| 自由现金流率自由现金流/营收 | 6.5% | 11.7% |
| 资本支出强度资本支出/营收 | 4.2% | 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 | $220.8M | $120.6M |
8季度趋势，按日历期对齐
经营现金流MMSIROCK
| Q1 26 | — | — | ||
| Q4 25 | $98.5M | $35.5M | ||
| Q3 25 | $75.0M | $73.0M | ||
| Q2 25 | $83.3M | $44.9M | ||
| Q1 25 | $40.6M | $13.7M | ||
| Q4 24 | $68.7M | $19.9M | ||
| Q3 24 | $47.3M | $64.7M | ||
| Q2 24 | $68.5M | $36.5M |
自由现金流MMSIROCK
| Q1 26 | $24.7M | — | ||
| Q4 25 | $74.0M | $26.2M | ||
| Q3 25 | $52.5M | $64.8M | ||
| Q2 25 | $69.6M | $27.3M | ||
| Q1 25 | $19.5M | $2.3M | ||
| Q4 24 | $65.3M | $14.1M | ||
| Q3 24 | $38.0M | $60.5M | ||
| Q2 24 | $57.9M | $33.5M |
自由现金流率MMSIROCK
| Q1 26 | 6.5% | — | ||
| Q4 25 | 18.8% | 11.7% | ||
| Q3 25 | 13.7% | 20.8% | ||
| Q2 25 | 18.2% | 8.8% | ||
| Q1 25 | 5.5% | 0.8% | ||
| Q4 24 | 18.4% | 7.8% | ||
| Q3 24 | 11.2% | 21.8% | ||
| Q2 24 | 17.1% | 12.2% |
资本支出强度MMSIROCK
| Q1 26 | 4.2% | — | ||
| Q4 25 | 6.2% | 4.1% | ||
| Q3 25 | 5.8% | 2.6% | ||
| Q2 25 | 3.6% | 5.7% | ||
| Q1 25 | 5.9% | 3.9% | ||
| Q4 24 | 1.0% | 3.3% | ||
| Q3 24 | 2.8% | 1.5% | ||
| Q2 24 | 3.1% | 1.1% |
现金转化率MMSIROCK
| Q1 26 | — | — | ||
| Q4 25 | 2.59× | — | ||
| Q3 25 | 2.70× | — | ||
| Q2 25 | 2.56× | 1.73× | ||
| Q1 25 | 1.35× | 0.65× | ||
| Q4 24 | 2.46× | — | ||
| Q3 24 | 1.66× | 1.90× | ||
| Q2 24 | 1.92× | 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
MMSI
暂无分部数据
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
