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微策略（MSTR）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.的季度营收约是微策略的1.8倍（$225.0M vs $123.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 1.9%），过去两年微策略的营收复合增速更高（3.3% vs -12.3%）
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
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。
MSTR vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.8倍
$123.0M
营收增速更快
ROCK
高出23.1%
1.9%
两年增速更快
MSTR
近两年复合增速
-12.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $123.0M | $225.0M |
| 净利润 | — | — |
| 毛利率 | 66.1% | 25.3% |
| 营业利润率 | — | 7.9% |
| 净利率 | — | — |
| 营收同比 | 1.9% | 24.9% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | — |
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MSTRROCK
| Q4 25 | $123.0M | $225.0M | ||
| Q3 25 | $128.7M | $310.9M | ||
| Q2 25 | $114.5M | $309.5M | ||
| Q1 25 | $111.1M | $290.0M | ||
| Q4 24 | $120.7M | $180.1M | ||
| Q3 24 | $116.1M | $277.1M | ||
| Q2 24 | $111.4M | $273.6M | ||
| Q1 24 | $115.2M | $292.5M |
净利润MSTRROCK
| Q4 25 | — | — | ||
| Q3 25 | $2.8B | $-89.1M | ||
| Q2 25 | $10.0B | $26.0M | ||
| Q1 25 | $-4.2B | $21.1M | ||
| Q4 24 | $-670.8M | — | ||
| Q3 24 | $-340.2M | $34.0M | ||
| Q2 24 | $-102.6M | $32.2M | ||
| Q1 24 | $-53.1M | $24.9M |
毛利率MSTRROCK
| Q4 25 | 66.1% | 25.3% | ||
| Q3 25 | 70.5% | 26.6% | ||
| Q2 25 | 68.8% | 28.4% | ||
| Q1 25 | 69.4% | 26.8% | ||
| Q4 24 | 71.7% | 29.0% | ||
| Q3 24 | 70.4% | 29.4% | ||
| Q2 24 | 72.2% | 30.5% | ||
| Q1 24 | 74.0% | 28.9% |
营业利润率MSTRROCK
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 12.8% | ||
| Q1 25 | -5331.4% | 8.8% | ||
| Q4 24 | -842.1% | 13.3% | ||
| Q3 24 | -372.7% | 15.6% | ||
| Q2 24 | -179.7% | 14.9% | ||
| Q1 24 | -176.8% | 10.8% |
净利率MSTRROCK
| Q4 25 | — | — | ||
| Q3 25 | 2164.1% | -28.6% | ||
| Q2 25 | 8752.7% | 8.4% | ||
| Q1 25 | -3797.2% | 7.3% | ||
| Q4 24 | -555.8% | — | ||
| Q3 24 | -293.1% | 12.3% | ||
| Q2 24 | -92.0% | 11.8% | ||
| Q1 24 | -46.1% | 8.5% |
每股收益（稀释后）MSTRROCK
| Q4 25 | — | — | ||
| Q3 25 | $8.42 | $-2.98 | ||
| Q2 25 | $32.60 | $0.87 | ||
| Q1 25 | $-16.49 | — | ||
| Q4 24 | $4.49 | — | ||
| Q3 24 | $-1.72 | $1.11 | ||
| Q2 24 | $-0.57 | $1.05 | ||
| Q1 24 | $-0.31 | — |
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 | $2.3B | $115.7M |
| 总债务越低越好 | $8.2B | $0 |
| 股东权益账面价值 | $44.1B | $950.4M |
| 总资产 | $61.6B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资MSTRROCK
| Q4 25 | $2.3B | $115.7M | ||
| Q3 25 | $54.3M | $89.4M | ||
| Q2 25 | $50.1M | $43.3M | ||
| Q1 25 | $60.3M | $25.1M | ||
| Q4 24 | $38.1M | $269.5M | ||
| Q3 24 | $46.3M | $228.9M | ||
| Q2 24 | $66.9M | $179.1M | ||
| Q1 24 | $81.3M | $146.7M |
总债务MSTRROCK
| Q4 25 | $8.2B | $0 | ||
| Q3 25 | $8.2B | $0 | ||
| Q2 25 | $8.2B | $0 | ||
| Q1 25 | $8.1B | $0 | ||
| Q4 24 | $7.2B | $0 | ||
| Q3 24 | $4.2B | $0 | ||
| Q2 24 | $3.8B | $0 | ||
| Q1 24 | $3.6B | $0 |
股东权益MSTRROCK
| Q4 25 | $44.1B | $950.4M | ||
| Q3 25 | $52.3B | $951.8M | ||
| Q2 25 | $47.5B | $1.0B | ||
| Q1 25 | $32.2B | $1.0B | ||
| Q4 24 | $18.2B | $1.0B | ||
| Q3 24 | $3.8B | $1.0B | ||
| Q2 24 | $2.8B | $975.7M | ||
| Q1 24 | $2.4B | $940.2M |
总资产MSTRROCK
| Q4 25 | $61.6B | $1.4B | ||
| Q3 25 | $73.6B | $1.4B | ||
| Q2 25 | $64.8B | $1.5B | ||
| Q1 25 | $43.9B | $1.4B | ||
| Q4 24 | $25.8B | $1.4B | ||
| Q3 24 | $8.3B | $1.4B | ||
| Q2 24 | $7.1B | $1.4B | ||
| Q1 24 | $6.4B | $1.3B |
负债/权益比MSTRROCK
| Q4 25 | 0.19× | 0.00× | ||
| Q3 25 | 0.16× | 0.00× | ||
| Q2 25 | 0.17× | 0.00× | ||
| Q1 25 | 0.25× | 0.00× | ||
| Q4 24 | 0.39× | 0.00× | ||
| Q3 24 | 1.12× | 0.00× | ||
| Q2 24 | 1.36× | 0.00× | ||
| Q1 24 | 1.48× | 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 | — | $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 | — | 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 | — | $120.6M |
8季度趋势，按日历期对齐
经营现金流MSTRROCK
| Q4 25 | — | $35.5M | ||
| Q3 25 | $-8.3M | $73.0M | ||
| Q2 25 | $-34.9M | $44.9M | ||
| Q1 25 | $-2.4M | $13.7M | ||
| Q4 24 | $-17.3M | $19.9M | ||
| Q3 24 | $-41.0M | $64.7M | ||
| Q2 24 | $-23.3M | $36.5M | ||
| Q1 24 | $28.6M | $53.2M |
自由现金流MSTRROCK
| Q4 25 | — | $26.2M | ||
| Q3 25 | $-11.1M | $64.8M | ||
| Q2 25 | $-37.0M | $27.3M | ||
| Q1 25 | $-5.1M | $2.3M | ||
| Q4 24 | $-17.6M | $14.1M | ||
| Q3 24 | $-41.4M | $60.5M | ||
| Q2 24 | $-24.1M | $33.5M | ||
| Q1 24 | $27.0M | $48.8M |
自由现金流率MSTRROCK
| Q4 25 | — | 11.7% | ||
| Q3 25 | -8.6% | 20.8% | ||
| Q2 25 | -32.3% | 8.8% | ||
| Q1 25 | -4.6% | 0.8% | ||
| Q4 24 | -14.6% | 7.8% | ||
| Q3 24 | -35.7% | 21.8% | ||
| Q2 24 | -21.6% | 12.2% | ||
| Q1 24 | 23.5% | 16.7% |
资本支出强度MSTRROCK
| Q4 25 | — | 4.1% | ||
| Q3 25 | 2.2% | 2.6% | ||
| Q2 25 | 1.8% | 5.7% | ||
| Q1 25 | 2.5% | 3.9% | ||
| Q4 24 | 0.2% | 3.3% | ||
| Q3 24 | 0.4% | 1.5% | ||
| Q2 24 | 0.6% | 1.1% | ||
| Q1 24 | 1.3% | 1.5% |
现金转化率MSTRROCK
| Q4 25 | — | — | ||
| Q3 25 | -0.00× | — | ||
| Q2 25 | -0.00× | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | — | ||
| 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
MSTR
暂无分部数据
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
